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	Apr '26 Apr 15, 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	20,478	21,309	19,947	17,227	20,000	25,366
Market Cap Growth	1.83%	6.83%	15.79%	-13.86%	-21.16%	-7.83%
Enterprise Value	23,400	23,423	17,322	14,716	16,872	21,451
Last Close Price	41.70	41.33	33.62	28.88	33.67	42.84
PE Ratio	52.09	52.32	44.24	38.00	38.70	26.61
Forward PE	12.78	15.58	21.53	27.85	11.30	41.58
PEG Ratio	0.16	0.29	3.58	0.84	0.26	12.06
PS Ratio	0.74	0.76	0.73	0.66	0.84	1.61
PB Ratio	2.67	2.67	1.93	1.64	1.87	2.44
P/TBV Ratio	2.84	2.89	2.09	1.76	2.02	2.51
P/FCF Ratio	-	-25.64	-12.53	-48.39	-149.25	13.96
P/OCF Ratio	11.21	11.57	43.18	5.44	5.28	10.92
EV/Sales Ratio	0.83	0.83	0.63	0.56	0.71	1.36
EV/EBITDA Ratio	13.60	11.78	8.76	8.43	7.12	7.17
EV/EBIT Ratio	48.95	54.73	53.96	65.70	16.59	12.46
EV/FCF Ratio	-	-28.19	-10.88	-41.34	-125.91	11.81
Debt / Equity Ratio	0.67	0.67	0.59	0.85	0.86	1.11
Debt / EBITDA Ratio	3.01	3.01	4.07	5.27	3.98	4.10
Debt / FCF Ratio	-7.21	-7.20	-5.06	-25.84	-70.38	6.76
Net Debt / Equity Ratio	0.35	0.35	-0.06	-0.22	-0.27	-0.31
Net Debt / EBITDA Ratio	1.38	1.38	-0.34	-1.30	-1.21	-1.08
Net Debt / FCF Ratio	-3.31	-3.31	0.42	6.39	21.35	-1.77
Asset Turnover	0.89	0.89	0.78	0.73	0.66	0.45
Inventory Turnover	10.98	10.98	11.36	11.51	12.56	11.82
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)	1.07%	1.07%	0.71%	0.46%	2.10%	3.58%
Return on Invested Capital (ROIC)	1.58%	1.58%	1.23%	0.85%	4.08%	7.06%
Return on Capital Employed (ROCE)	2.16%	2.16%	1.40%	0.91%	3.90%	6.35%
Earnings Yield	2.14%	1.91%	2.26%	2.63%	2.58%	3.76%
FCF Yield	-4.02%	-3.90%	-7.98%	-2.07%	-0.67%	7.16%
Dividend Yield	1.73%	1.79%	2.14%	2.49%	0.00%	0.00%
Payout Ratio	90.90%	90.48%	92.47%	92.04%	0.00%	0.00%
Buyback Yield / Dilution	13.22%	13.22%	-0.47%	0.31%	-5.42%	-7.79%
Total Shareholder Return	14.95%	15.01%	1.67%	2.80%	-5.42%	-7.79%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q