Southwest Airlines Co.

Southwest Airlines Co.

LUV
Southwest Airlines Co.US flagNew York Stock Exchange
42.34
USD
-0.42
- -
20.69BMarket Cap
Southwest Airlines Co.
LUV
(New York Stock Exchange)

Recent

price

42.34

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
16.23
20.23
22.78
24.93
27.08
29.98
32.36
35.18
38.33
41.69
16.01
26.67
40.16
43.85
45.96
51.97
55.68
Revenue per Share
0.62
0.23
0.56
1.06
1.65
3.3
3.48
5.59
4.3
4.28
-5.44
1.65
0.91
0.78
0.78
0.82
1.57
Basic EPS, GAAP
1.43
0.5
2.75
3.47
4.11
4.74
6.67
6.33
8.45
7.41
-1.99
3.91
6.35
5.26
0.73
3.41
4.63
Free Cash Flow per Basic Share
0.02
0.02
0.03
0.1
0.2
0.27
0.35
0.46
0.58
0.69
0.33
- -
- -
0.72
0.72
0.74
0.74
Dividend per Share
8.32
8.01
8.77
10.2
11.97
15.46
19.5
24.36
29.28
34.86
27.73
28.15
28.92
28.88
28.8
31.99
33.57
Book Value per Share
8.36
7.43
7.85
8.73
7.92
8.96
11.24
13.74
14.81
15.92
13.47
15.45
15.89
15.54
15.18
12.44
10.81
Tangible Book Value per Share
746
774
750
710
687
661
627
601
573
538
565
592
593
595
598
540
519
Basic Weighted Avg Shares
12,104
15,658
17,088
17,699
18,605
19,820
20,289
21,146
21,965
22,428
9,048
15,790
23,814
26,091
27,483
28,063
28,884
Sales/Revenue/Turnover
8.23
5.28
4.72
7.71
12.64
20.96
17.36
16.11
14.6
13.18
-42.18
10.9
4.27
0.86
1.17
1.53
3.4
Operating Margin (%)
628
715
844
867
938
1,015
1,221
1,218
1,201
1,219
1,255
1,272
1,351
1,522
1,657
1,560
1,563
Depreciation Expense
459
178
421
754
1,136
2,181
2,183
3,357
2,465
2,300
-3,074
977
539
465
465
441
817
Net Income, GAAP
38.39
44.89
38.54
37.63
37.44
37.31
36.72
- -
22.09
22.22
- -
26.26
25.96
26.54
22.24
21.67
21.52
Effective Tax Rate (%)
3.79
1.14
2.46
4.26
6.11
11
10.76
15.88
11.22
10.26
-33.97
6.19
2.26
1.78
1.69
1.57
2.83
Profit Margin (%)
974
-188
-423
-1,220
-1,996
-3,382
-2,346
-2,048
-2,877
-2,978
7,667
8,872
4,430
1,699
-1,002
-5,276
-6,515
Working Capital
2,875
3,107
2,883
2,191
2,434
2,541
2,821
3,320
2,771
2,824
11,673
11,589
9,164
8,963
6,100
5,345
5,245
LT Debt
6,237
6,877
6,992
7,336
6,775
7,358
8,441
9,641
9,853
9,832
8,876
10,414
10,687
10,515
10,350
7,981
6,875
Total Equity
6.6
4.49
4.71
8.22
14.65
25.43
19.5
- -
18.44
16.64
- -
5.74
3.47
0.81
1.28
2.02
4.86
Return on Invested Capital (%)
5.83
2.85
5.06
8.29
11.47
18.41
15.38
- -
13.2
11.02
- -
4.56
2.74
2.41
2.44
2.18
3.74
Return on Capital (%)
7.65
2.87
6.59
10.92
14.69
23.65
19.45
24.99
15.69
12.95
-17.86
6.04
3.19
2.71
2.7
2.56
4.75
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
333
636
1,151
LT Borrowings
4,079
4,577
4,536
LT Finance Leases
846
768
709
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
518
516
516
Market Capitalization
17,870
22,329
19,489

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
5,395
5,645
5,969
Cash, Cash Equivalents & STI
3,018
3,231
3,328
Accounts Receivable, Net
52
98
171
Inventories
792
775
833
Total Current Liabilities
10,994
10,921
12,484
Payables & Accruals
2,504
2,738
2,836
ST Debt
333
636
1,151
Deferred Revenue
6,862
5,945
7,049

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.51%
-1.22%
-22.89%
Free Cash Flow
-11.76%
-4.66%
322.48%
Net Income, GAAP
- -
- -
-5.16%
Sales/Revenue/Turnover
9.53%
28.47%
2.11%
Total Cash Common Dividend
- -
- -
-7.21%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,329
7,354
6,870
6,930
27,483
2025
6,428
7,244
6,949
7,442
28,063
2026
7,249
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.39
0.61
0.11
0.44
0.78
2025
-0.26
0.4
0.1
0.63
0.82
2026
0.46
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
- -
0.36
- -
0.72
2025
0.18
0.19
0.36
- -
0.74
2026
0.19
- -
- -
- -
- -
Business
Southwest Airlines Co. operates as a major low-cost airline primarily offering air travel services including domestic and international flights, charter services, and ancillary travel products. Its core offerings encompass scheduled passenger flights across a network of 117 airports in the United States and select international destinations in Mexico, Central America, and the Caribbean. Southwest Airlines also provides a loyalty program through Rapid Rewards, aircraft charter services, and Southwest Cargo shipment solutions with various service options such as Next Flight Guaranteed and Specialty cargo. The company operates an extensive fleet predominantly composed of Boeing 737 aircraft outfitted with modern amenities like split scimitar winglets and is advancing cabin modernization including in-seat power and redesigned seating. Founded in 1967 and headquartered in Dallas, Texas, Southwest Airlines has built its reputation on low-cost, reliable, and friendly air travel with a legacy focus on democratizing the skies. In recent major developments, Southwest announced a strategic three-year plan launched in 2024 aimed at revitalizing operations and enhancing customer experience. Key initiatives include transitioning to assigned seating and introducing premium seating options with extra legroom set to begin operations in 2026. The airline also commenced overnight red-eye flights and started offering vacation packages under the Getaways by Southwest™ product line. Furthermore, Southwest expanded its global connectivity by establishing international partnerships with airlines such as Icelandair and most recently Condor, a German carrier, enabling seamless transatlantic connections starting January 2026. These partnerships augment its route network to Europe, Africa, Asia, and the Americas. Additionally, Southwest has incorporated operational improvements targeting schedule reliability and cost efficiency while maintaining a $2.5 billion stock buyback program to enhance shareholder value. Southwest Airlines remains focused on its core target markets of leisure and business travelers who seek affordable, reliable, and accessible air transportation within the Americas. The airline maintains a single cabin economy class configuration but is innovating with premium seating tiers to attract a broader customer base. Its operational footprint extends primarily across the United States with growing international reach through strategic alliances. The company continues to emphasize its corporate culture rooted in hospitality and employee engagement, which supports its brand identity as one of the most admired carriers globally. Recent leadership changes include the appointment of a new independent chairperson to oversee governance enhancements.

Company News

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