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Side-by-side financial comparison of GRUPO TELEVISA, S.A.B. (TV) and United Airlines Holdings (UAL). Click either name above to swap in a different company.

United Airlines Holdings is the larger business by last-quarter revenue ($14.6B vs $14.5B, roughly 1.0× GRUPO TELEVISA, S.A.B.). United Airlines Holdings runs the higher net margin — 4.8% vs -51.8%, a 56.6% gap on every dollar of revenue.

"Grupo Televisa, S.A.B.", simply known as "Televisa", is a Mexican telecommunications and broadcasting company and the largest in Latin America A major Latin American mass media corporation, it often presents itself as the largest producer of Spanish-language content.

United Airlines, Inc. is a major airline in the United States headquartered in Chicago, Illinois. It operates an extensive domestic and international route network across the United States and to destinations on six continents. Regional service is provided by independent carriers operating under the United Express brand, and the Star Alliance, of which United was one of the five founding airlines, extends its network throughout the world.

TV vs UAL — Head-to-Head

Bigger by revenue
UAL
UAL
1.0× larger
UAL
$14.6B
$14.5B
TV
Higher net margin
UAL
UAL
56.6% more per $
UAL
4.8%
-51.8%
TV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
TV
TV
UAL
UAL
Revenue
$14.5B
$14.6B
Net Profit
$-7.5B
$699.0M
Gross Margin
38.8%
Operating Margin
10.0%
6.8%
Net Margin
-51.8%
4.8%
Revenue YoY
10.6%
Net Profit YoY
80.6%
EPS (diluted)
$2.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TV
TV
UAL
UAL
Q1 26
$14.6B
Q4 25
$14.5B
$15.4B
Q3 25
$14.6B
$15.2B
Q2 25
$14.7B
$15.2B
Q1 25
$13.2B
Q4 24
$14.7B
Q3 24
$14.8B
Q2 24
$15.0B
Net Profit
TV
TV
UAL
UAL
Q1 26
$699.0M
Q4 25
$-7.5B
$1.0B
Q3 25
$949.0M
Q2 25
$552.5M
$973.0M
Q1 25
$387.0M
Q4 24
$985.0M
Q3 24
$965.0M
Q2 24
$1.3B
Gross Margin
TV
TV
UAL
UAL
Q1 26
Q4 25
38.8%
Q3 25
36.7%
Q2 25
38.8%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
TV
TV
UAL
UAL
Q1 26
6.8%
Q4 25
10.0%
9.0%
Q3 25
6.3%
9.2%
Q2 25
6.5%
8.7%
Q1 25
4.6%
Q4 24
10.2%
Q3 24
10.5%
Q2 24
12.9%
Net Margin
TV
TV
UAL
UAL
Q1 26
4.8%
Q4 25
-51.8%
6.8%
Q3 25
6.2%
Q2 25
3.8%
6.4%
Q1 25
2.9%
Q4 24
6.7%
Q3 24
6.5%
Q2 24
8.8%
EPS (diluted)
TV
TV
UAL
UAL
Q1 26
$2.14
Q4 25
$3.17
Q3 25
$2.90
Q2 25
$2.97
Q1 25
$1.16
Q4 24
$2.97
Q3 24
$2.90
Q2 24
$3.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TV
TV
UAL
UAL
Cash + ST InvestmentsLiquidity on hand
$14.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$15.9B
Total Assets
$80.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TV
TV
UAL
UAL
Q1 26
$14.2B
Q4 25
$12.2B
Q3 25
$13.3B
Q2 25
$15.6B
Q1 25
$15.3B
Q4 24
$14.5B
Q3 24
$14.2B
Q2 24
$15.2B
Total Debt
TV
TV
UAL
UAL
Q1 26
Q4 25
$20.6B
Q3 25
$20.8B
Q2 25
$20.9B
Q1 25
$24.4B
Q4 24
$25.2B
Q3 24
Q2 24
Stockholders' Equity
TV
TV
UAL
UAL
Q1 26
$15.9B
Q4 25
$15.3B
Q3 25
$14.3B
Q2 25
$13.4B
Q1 25
$12.6B
Q4 24
$12.7B
Q3 24
$11.4B
Q2 24
$10.5B
Total Assets
TV
TV
UAL
UAL
Q1 26
$80.9B
Q4 25
$76.4B
Q3 25
$76.3B
Q2 25
$77.2B
Q1 25
$76.1B
Q4 24
$74.1B
Q3 24
$72.6B
Q2 24
$73.3B
Debt / Equity
TV
TV
UAL
UAL
Q1 26
Q4 25
1.35×
Q3 25
1.45×
Q2 25
1.56×
Q1 25
1.93×
Q4 24
1.99×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TV
TV
UAL
UAL
Operating Cash FlowLast quarter
$4.8B
Free Cash FlowOCF − Capex
$2.0B
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
13.9%
Cash ConversionOCF / Net Profit
6.87×
TTM Free Cash FlowTrailing 4 quarters
$2.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TV
TV
UAL
UAL
Q1 26
$4.8B
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$2.2B
Q1 25
$3.7B
Q4 24
$2.2B
Q3 24
$1.5B
Q2 24
$2.9B
Free Cash Flow
TV
TV
UAL
UAL
Q1 26
$2.0B
Q4 25
$-604.0M
Q3 25
$-246.0M
Q2 25
$930.0M
Q1 25
$2.5B
Q4 24
$549.0M
Q3 24
$88.0M
Q2 24
$1.7B
FCF Margin
TV
TV
UAL
UAL
Q1 26
13.9%
Q4 25
-3.9%
Q3 25
-1.6%
Q2 25
6.1%
Q1 25
18.7%
Q4 24
3.7%
Q3 24
0.6%
Q2 24
11.4%
Capex Intensity
TV
TV
UAL
UAL
Q1 26
13.9%
Q4 25
12.3%
Q3 25
9.6%
Q2 25
8.4%
Q1 25
9.3%
Q4 24
11.4%
Q3 24
9.5%
Q2 24
7.8%
Cash Conversion
TV
TV
UAL
UAL
Q1 26
6.87×
Q4 25
1.23×
Q3 25
1.28×
Q2 25
2.28×
Q1 25
9.59×
Q4 24
2.26×
Q3 24
1.55×
Q2 24
2.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TV
TV

Segment breakdown not available.

UAL
UAL

Passenger revenue$13.2B90%
Other$1.0B7%
Cargo revenue$422.0M3%

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