Southwest Airlines Co. (LUV)

Southwest Airlines Co. Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	27,228	21,374	20,163	17,216	19,992	25,358
Market Cap Growth	36.46%	6.00%	17.12%	-13.88%	-21.16%	-7.83%
Enterprise Value	30,056	23,614	19,876	14,756	16,431	22,171
Last Close Price	52.59	41.33	32.90	27.62	31.33	39.86
PE Ratio	66.70	48.47	43.36	37.02	37.09	25.96
Forward PE	12.65	15.58	21.53	27.85	11.30	41.58
PS Ratio	1.01	0.76	0.73	0.66	0.84	1.61
PB Ratio	3.40	2.68	1.95	1.64	1.87	2.44
P/TBV Ratio	3.89	3.05	2.22	1.86	2.12	2.77
P/FCF Ratio	-	-	-	-	-	14.00
P/OCF Ratio	14.82	11.60	43.64	5.44	5.28	10.92
PEG Ratio	0.19	0.29	3.58	0.84	0.26	12.06
EV/Sales Ratio	1.07	0.84	0.72	0.57	0.69	1.40
EV/EBITDA Ratio	14.66	11.52	11.90	6.85	7.72	-
EV/EBIT Ratio	61.34	48.19	69.74	16.79	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	2.21	2.45	7.57
Debt / FCF Ratio	-	-	-	-	-	6.78
Asset Turnover	0.89	0.89	0.78	0.73	0.66	0.45
Inventory Turnover	27.37	27.37	26.91	25.04	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)	0.97%	0.97%	0.51%	1.53%	1.76%	-1.99%
Return on Invested Capital (ROIC)	3.70%	3.76%	2.47%	8.04%	9.96%	-11.14%
Return on Capital Employed (ROCE)	2.70%	2.70%	1.30%	3.60%	4.00%	-4.20%
Earnings Yield	1.62%	2.06%	2.31%	2.70%	2.70%	3.85%
FCF Yield	-3.04%	-3.89%	-8.03%	-2.26%	-0.78%	7.14%
Dividend Yield	1.37%	1.74%	2.19%	2.61%	0.57%	-
Payout Ratio	91.14%	90.48%	92.47%	92.04%	-	-
Buyback Yield / Dilution	13.22%	13.22%	-0.47%	0.31%	-5.42%	-7.79%
Total Shareholder Return	14.58%	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