Southwest Airlines Co. (LUV)

NYSE: LUV · Real-Time Price · USD

45.08

+0.37 (0.83%)

At close: Jul 24, 2026, 4:00 PM EDT

46.73

+1.65 (3.66%)

Pre-market: Jul 27, 2026, 8:04 AM 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	Jul '26 Jul 24, 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	22,054	21,309	19,947	17,227	20,000	25,366
Market Cap Growth	3.36%	6.83%	15.79%	-13.86%	-21.16%	-7.83%
Enterprise Value	25,152	24,059	19,280	14,953	17,139	22,143
Last Close Price	45.08	41.33	33.62	28.88	33.67	42.84

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 24, 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	28.24	52.32	44.24	38.00	38.70	26.61
Forward PE	10.39	15.58	21.53	27.85	11.30	41.58
PEG Ratio	0.12	0.29	3.58	0.84	0.26	12.06
PS Ratio	0.73	0.76	0.73	0.66	0.84	1.61
PB Ratio	3.11	2.67	1.93	1.64	1.87	2.44
P/TBV Ratio	3.77	3.29	2.31	1.94	2.23	2.76
P/FCF Ratio	-	-	-	-	-	13.96
P/OCF Ratio	8.72	11.57	43.18	5.44	5.28	10.92

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 24, 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	0.84	0.86	0.70	0.57	0.72	1.40
EV/EBITDA Ratio	9.65	12.10	9.75	8.56	7.24	7.40
EV/EBIT Ratio	24.16	56.21	60.06	66.76	16.85	12.87
EV/FCF Ratio	-	-	-	-	-	12.19

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 24, 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	0.63	0.67	0.59	0.85	0.86	1.11
Debt / EBITDA Ratio	2.64	3.01	4.07	5.27	3.98	4.10
Debt / FCF Ratio	-	-	-	-	-	6.76
Net Debt / Equity Ratio	0.44	0.35	-0.06	-0.22	-0.27	-0.31
Net Debt / EBITDA Ratio	1.19	1.38	-0.34	-1.30	-1.21	-1.08
Net Debt / FCF Ratio	-6.81	-3.31	0.42	6.39	21.35	-1.77
Asset Turnover	1.02	0.89	0.78	0.73	0.66	0.45
Inventory Turnover	11.45	10.98	11.36	11.51	12.56	11.82
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)	11.11%	4.81%	4.46%	4.39%	5.11%	10.13%
Return on Assets (ROA)	2.76%	1.07%	0.71%	0.46%	2.10%	3.58%
Return on Invested Capital (ROIC)	8.11%	3.28%	2.79%	2.05%	10.03%	17.00%
Return on Capital Employed (ROCE)	5.95%	2.16%	1.40%	0.91%	3.90%	6.35%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 24, 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	3.80%	1.91%	2.26%	2.63%	2.58%	3.76%
FCF Yield	-	-	-	-	-	7.16%
Dividend Yield	1.60%	1.79%	2.14%	2.49%	0.00%	0.00%
Payout Ratio	45.10%	90.48%	92.47%	92.04%	0.00%	0.00%
Buyback Yield / Dilution	13.01%	13.22%	-0.47%	0.31%	-5.42%	-7.79%
Total Shareholder Return	14.60%	15.01%	1.67%	2.80%	-5.42%	-7.79%

SEC Filings: 10-K · 10-Q