Southwest Airlines Co. (LUV)

NYSE: LUV · Real-Time Price · USD

42.68

+1.13 (2.72%)

At close: Sep 25, 2026, 4:00 PM EDT

42.55

-0.13 (-0.30%)

After-hours: Sep 25, 2026, 7:58 PM EDT

Southwest Airlines Co. Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	20,879	21,374	20,163	17,216	19,992	25,358
Market Cap Growth	20.25%	6.00%	17.12%	-13.88%	-21.16%	-7.83%
Enterprise Value	23,977	23,614	19,876	14,756	16,431	22,171
Last Close Price	42.68	40.78	32.47	27.26	30.91	39.33

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
PE Ratio	26.73	48.47	43.36	37.02	37.09	25.96
Forward PE	11.23	15.58	21.53	27.85	11.30	41.58
PS Ratio	0.69	0.76	0.73	0.66	0.84	1.61
PB Ratio	2.95	2.68	1.95	1.64	1.87	2.44
P/TBV Ratio	3.59	3.18	2.22	1.86	2.12	2.77
P/FCF Ratio	-	-	-	-	-	14.00
P/OCF Ratio	8.26	11.60	43.64	5.44	5.28	10.92
PEG Ratio	0.14	0.29	3.58	0.84	0.26	12.06

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
EV/Sales Ratio	0.80	0.84	0.72	0.57	0.69	1.40
EV/EBITDA Ratio	10.26	13.73	11.90	9.85	7.72	-
EV/EBIT Ratio	21.98	49.40	69.74	66.47	16.27	-
EV/FCF Ratio	-	-	-	-	-	12.24

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Debt / Equity Ratio	0.97	0.75	0.78	0.88	0.88	1.18
Debt / EBITDA Ratio	1.39	1.41	2.07	2.62	2.45	7.57
Debt / FCF Ratio	-	-	-	-	-	6.78
Net Debt / Equity Ratio	0.44	0.35	-0.06	-0.22	-0.27	-0.31
Net Debt / EBITDA Ratio	1.33	1.60	-0.40	-1.52	-1.34	45.99
Net Debt / FCF Ratio	-7.63	-3.31	0.42	6.39	18.34	-1.78
Asset Turnover	1.02	0.89	0.78	0.73	0.66	0.45
Inventory Turnover	27.62	27.78	26.91	25.72	26.99	28.30
Quick Ratio	0.38	0.40	0.80	1.03	1.28	1.84
Current Ratio	0.49	0.52	0.92	1.14	1.43	1.97
Return on Equity (ROE)	11.10%	4.81%	4.46%	4.39%	5.11%	10.13%
Return on Assets (ROA)	2.32%	0.95%	0.51%	0.39%	1.76%	-1.99%
Return on Invested Capital (ROIC)	8.51%	3.67%	2.47%	2.03%	9.96%	-11.14%
Return on Capital Employed (ROCE)	6.50%	2.60%	1.30%	0.90%	4.00%	-4.20%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Earnings Yield	4.01%	2.06%	2.31%	2.70%	2.70%	3.85%
FCF Yield	-1.94%	-3.89%	-7.90%	-2.07%	-0.78%	7.14%
Dividend Yield	1.69%	1.76%	2.22%	2.64%	0.58%	-
Payout Ratio	45.10%	90.48%	92.47%	92.04%	-	-
Buyback Yield / Dilution	13.01%	13.22%	-0.47%	0.31%	-5.42%	-7.79%
Total Shareholder Return	14.69%	14.98%	1.75%	2.95%	-4.84%	-7.79%

SEC Filings: 10-K · 10-Q