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	Jul '26 Jul 2, 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 Cap	24,561	21,309	19,947	17,227	20,000	25,366
Market Cap Growth	37.08%	6.83%	15.79%	-13.86%	-21.16%	-7.83%
Enterprise Value	27,629	24,059	19,280	14,953	17,139	22,143
Last Close Price	50.25	41.33	33.62	28.88	33.67	42.84
PE Ratio	32.95	52.32	44.24	38.00	38.70	26.61
Forward PE	15.53	15.58	21.53	27.85	11.30	41.58
PEG Ratio	0.19	0.29	3.58	0.84	0.26	12.06
PS Ratio	0.85	0.76	0.73	0.66	0.84	1.61
PB Ratio	3.57	2.67	1.93	1.64	1.87	2.44
P/TBV Ratio	4.45	3.29	2.31	1.94	2.23	2.76
P/FCF Ratio	-	-	-	-	-	13.96
P/OCF Ratio	10.23	11.57	43.18	5.44	5.28	10.92
EV/Sales Ratio	0.96	0.86	0.70	0.57	0.72	1.40
EV/EBITDA Ratio	12.48	12.10	9.75	8.56	7.24	7.40
EV/EBIT Ratio	28.51	56.21	60.06	66.76	16.85	12.87
EV/FCF Ratio	-	-	-	-	-	12.19
Debt / Equity Ratio	0.76	0.67	0.59	0.85	0.86	1.11
Debt / EBITDA Ratio	2.51	3.01	4.07	5.27	3.98	4.10
Debt / FCF Ratio	-	-	-	-	-	6.76
Net Debt / Equity Ratio	0.45	0.35	-0.06	-0.22	-0.27	-0.31
Net Debt / EBITDA Ratio	1.21	1.38	-0.34	-1.30	-1.21	-1.08
Net Debt / FCF Ratio	-7.65	-3.31	0.42	6.39	21.35	-1.77
Asset Turnover	0.99	0.89	0.78	0.73	0.66	0.45
Inventory Turnover	10.91	10.98	11.36	11.51	12.56	11.82
Quick Ratio	0.37	0.40	0.80	1.03	1.28	1.84
Current Ratio	0.48	0.52	0.92	1.14	1.43	1.97
Return on Equity (ROE)	11.00%	4.81%	4.46%	4.39%	5.11%	10.13%
Return on Assets (ROA)	2.64%	1.07%	0.71%	0.46%	2.10%	3.58%
Return on Invested Capital (ROIC)	7.45%	3.28%	2.79%	2.05%	10.03%	17.00%
Return on Capital Employed (ROCE)	5.60%	2.16%	1.40%	0.91%	3.90%	6.35%
Earnings Yield	3.33%	1.91%	2.26%	2.63%	2.58%	3.76%
FCF Yield	-	-	-	-	-	7.16%
Dividend Yield	1.43%	1.79%	2.14%	2.49%	0.00%	0.00%
Payout Ratio	47.21%	90.48%	92.47%	92.04%	0.00%	0.00%
Buyback Yield / Dilution	15.94%	13.22%	-0.47%	0.31%	-5.42%	-7.79%
Total Shareholder Return	17.38%	15.01%	1.67%	2.80%	-5.42%	-7.79%

SEC Filings: 10-K · 10-Q