Southwest Airlines Co. (LUV)

Model N Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	16,244	20,163	17,216	19,992	25,358	27,513
Market Cap Growth	7.97%	17.12%	-13.88%	-21.16%	-7.83%	-3.15%
Enterprise Value	17,746	19,876	14,756	16,431	22,171	25,585
Last Close Price	30.93	33.23	27.90	31.64	40.26	43.80
PE Ratio	46.54	43.36	37.02	37.09	25.96	-
Forward PE	17.06	21.53	27.85	11.30	41.58	-
PS Ratio	0.65	0.73	0.66	0.84	1.61	3.04
PB Ratio	2.03	1.95	1.64	1.87	2.44	3.10
P/TBV Ratio	2.41	2.22	1.86	2.12	2.77	3.62
P/FCF Ratio	-	-	-	-	14.00	-
P/OCF Ratio	8.78	43.64	5.44	5.28	10.92	-
PEG Ratio	0.31	3.58	0.84	0.26	12.06	-
EV/Sales Ratio	0.65	0.72	0.57	0.69	1.40	2.83
EV/EBITDA Ratio	10.75	11.90	6.85	7.72	-	-
EV/EBIT Ratio	62.93	69.74	16.79	16.27	-	-
EV/FCF Ratio	-	-	-	-	12.24	-
Debt / Equity Ratio	0.67	0.78	0.88	0.88	1.18	1.38
Debt / EBITDA Ratio	1.32	2.07	2.21	2.45	7.57	-
Debt / FCF Ratio	-	-	-	-	6.78	-
Asset Turnover	0.86	0.78	0.73	0.66	0.45	0.30
Inventory Turnover	27.73	26.91	25.04	26.99	28.30	21.01
Quick Ratio	0.45	0.80	1.03	1.28	1.84	1.93
Current Ratio	0.56	0.92	1.14	1.43	1.97	2.02
Return on Equity (ROE)	4.25%	4.46%	4.39%	5.11%	10.13%	-32.86%
Return on Assets (ROA)	0.55%	0.51%	1.53%	1.76%	-1.99%	-8.30%
Return on Capital (ROIC)	1.07%	0.93%	2.76%	2.95%	-3.22%	-14.37%
Return on Capital Employed (ROCE)	1.60%	1.30%	3.60%	4.00%	-	-
Earnings Yield	2.41%	2.31%	2.70%	2.70%	3.85%	-11.17%
FCF Yield	-1.67%	-8.03%	-2.26%	-0.78%	7.14%	-5.97%
Dividend Yield	2.34%	2.17%	2.58%	0.57%	-	0.41%
Payout Ratio	108.35%	92.47%	92.04%	-	-	-
Buyback Yield / Dilution	6.00%	-0.47%	0.31%	-5.42%	-7.79%	-4.82%
Total Shareholder Return	8.32%	1.70%	2.89%	-4.85%	-7.79%	-4.41%

Updated Apr 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q