Southwest Airlines Co. (LUV)

NYSE: LUV · Real-Time Price · USD

39.50

-1.33 (-3.26%)

At close: Oct 16, 2026, 4:00 PM EDT

39.63

+0.13 (0.34%)

After-hours: Oct 16, 2026, 7:52 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	Oct '26 Oct 16, 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	19,324	21,374	20,163	17,216	19,992	25,358
Market Cap Growth	11.59%	6.00%	17.12%	-13.88%	-21.16%	-7.83%
Enterprise Value	22,422	23,614	19,876	14,756	16,431	22,171
Last Close Price	39.50	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	Oct '26 Oct 16, 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	24.74	48.47	43.36	37.02	37.09	25.96
Forward PE	12.63	15.58	21.53	27.85	11.30	41.58
PS Ratio	0.64	0.76	0.73	0.66	0.84	1.61
PB Ratio	2.73	2.68	1.95	1.64	1.87	2.44
P/TBV Ratio	3.32	3.18	2.22	1.86	2.12	2.77
P/FCF Ratio	-	-	-	-	-	14.00
P/OCF Ratio	7.64	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 Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 16, 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	0.75	0.84	0.72	0.57	0.69	1.40
EV/EBITDA Ratio	9.59	13.73	11.90	9.85	7.72	-
EV/EBIT Ratio	20.55	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	Oct '26 Oct 16, 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	Oct '26 Oct 16, 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	4.33%	2.06%	2.31%	2.70%	2.70%	3.85%
FCF Yield	-2.10%	-3.89%	-7.90%	-2.07%	-0.78%	7.14%
Dividend Yield	1.82%	1.74%	2.12%	2.50%	0.53%	-
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	14.83%	14.96%	1.65%	2.81%	-4.88%	-7.79%

SEC Filings: 10-K · 10-Q