Southwest Airlines Co. Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	24,512	21,374	20,163	17,216	19,992	25,358
Market Cap Growth	37.27%	6.00%	17.12%	-13.88%	-21.16%	-7.83%
Enterprise Value	27,262	23,614	19,876	14,756	16,431	22,171
Last Close Price	49.89	41.33	32.90	27.62	31.33	39.86
PE Ratio	62.98	48.47	43.36	37.02	37.09	25.96
Forward PE	11.80	15.58	21.53	27.85	11.30	41.58
PS Ratio	0.87	0.76	0.73	0.66	0.84	1.61
PB Ratio	3.22	2.68	1.95	1.64	1.87	2.44
P/TBV Ratio	3.65	3.18	2.22	1.86	2.12	2.77
P/FCF Ratio	-	-	-	-	-	14.00
P/OCF Ratio	13.31	11.60	43.64	5.44	5.28	10.92
PEG Ratio	0.15	0.29	3.58	0.84	0.26	12.06
EV/Sales Ratio	0.97	0.84	0.72	0.57	0.69	1.40
EV/EBITDA Ratio	15.85	13.73	11.90	9.85	7.72	-
EV/EBIT Ratio	57.03	49.40	69.74	66.47	16.27	-
EV/FCF Ratio	-	-	-	-	-	12.24
Debt / Equity Ratio	0.75	0.75	0.78	0.88	0.88	1.18
Debt / EBITDA Ratio	1.41	1.41	2.07	2.62	2.45	7.57
Debt / FCF Ratio	-	-	-	-	-	6.78
Net Debt / Equity Ratio	0.35	0.35	-0.06	-0.22	-0.27	-0.31
Net Debt / EBITDA Ratio	1.60	1.60	-0.40	-1.52	-1.34	45.99
Net Debt / FCF Ratio	-3.31	-3.31	0.42	6.39	18.34	-1.78
Asset Turnover	0.89	0.89	0.78	0.73	0.66	0.45
Inventory Turnover	27.78	27.78	26.91	25.72	26.99	28.30
Quick Ratio	0.40	0.40	0.80	1.03	1.28	1.84
Current Ratio	0.52	0.52	0.92	1.14	1.43	1.97
Return on Equity (ROE)	4.81%	4.81%	4.46%	4.39%	5.11%	10.13%
Return on Assets (ROA)	0.95%	0.95%	0.51%	0.39%	1.76%	-1.99%
Return on Invested Capital (ROIC)	3.61%	3.67%	2.47%	2.03%	9.96%	-11.14%
Return on Capital Employed (ROCE)	2.60%	2.60%	1.30%	0.90%	4.00%	-4.20%
Earnings Yield	1.80%	2.06%	2.31%	2.70%	2.70%	3.85%
FCF Yield	-3.39%	-3.89%	-7.90%	-2.07%	-0.78%	7.14%
Dividend Yield	1.42%	1.74%	2.19%	2.61%	0.57%	-
Payout Ratio	90.90%	90.48%	92.47%	92.04%	-	-
Buyback Yield / Dilution	13.22%	13.22%	-0.47%	0.31%	-5.42%	-7.79%
Total Shareholder Return	14.66%	14.96%	1.72%	2.92%	-4.84%	-7.79%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q