Southwest Airlines Company

As of June 30, 2026, Southwest Airlines Co. carries a market capitalization of 23.15B, placing it among publicly traded companies globally. Its enterprise value stands at 25.87B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Southwest Airlines Co.'s next confirmed earnings release is scheduled for January 27, 2027.

As of June 30, 2026, Southwest Airlines Co. has 515.58M shares outstanding.

As of June 30, 2026, Southwest Airlines Co. trades at a trailing price-to-earnings ratio of 31.05. The price-to-sales ratio is 0.86, and the price-to-book ratio stands at 3.74.

As of June 30, 2026, Southwest Airlines Co. trades at an EV/EBITDA multiple of 11.34 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 0.98 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 28.39 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Southwest Airlines Co. trades at an EV/FCF ratio of 11.17, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 25.87B versus a market cap of 23.15B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Southwest Airlines Co. maintains a current ratio of 0.49, meaning it holds 0.5x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 97.27, indicating elevated leverage, while an interest coverage ratio of 17.73 demonstrates strong ability to service its debt obligations.

Over the twelve months ended June 30, 2026, Southwest Airlines Co. posted a return on equity (ROE) of 11.10, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 5.77 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 2.85, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 6.97, useful for judging operating efficiency across full business cycles. The company generates approximately 362,038.67 in revenue per employee across its workforce of 72,705.00, a quick read on workforce productivity versus industry peers. Inventory turnover of 29.17 indicates how many times Southwest Airlines Co. sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended June 30, 2026, Southwest Airlines Co. recorded 201.32M in income tax expense. That works out to an effective tax rate of 21.56, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 933.95M, leaving 732.63M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on October 22, 2026, Southwest Airlines Co.'s stock has gained approximately 26.42% over the past 52 weeks. The 50-day moving average sits at 35.65, while the 200-day moving average is 37.53.

Over the twelve months ended June 30, 2026, Southwest Airlines Co. generated 26.32B in revenue and converted that into 732.63M in net income, yielding earnings per share of 1.43. EBITDA reached 2.28B, while operating income came in at 911.19M.

As of June 30, 2026, Southwest Airlines Co. holds 3.32B in cash and equivalents against 6.03B in total debt, resulting in a net debt position of 1.89B. Total book value stands at 6.20B, with working capital of -5.94B providing operational flexibility.

Southwest Airlines Co. produced 2.21B in operating cash flow over the twelve months ended June 30, 2026. After subtracting - - in capital expenditures, free cash flow totaled 2.21B - equivalent to 4.37 per share.

Over the twelve months ended June 30, 2026, Southwest Airlines Co. posted a gross margin of 18.03, reflecting its pricing power and cost economics. The operating margin of 3.46 and net profit margin of 2.78 provide insight into operational efficiency.

Over the twelve months ended June 30, 2026, Southwest Airlines Co. paid dividends of 0.64 per share. The dividend payout ratio of 44.21 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 9.65, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 0.15, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Southwest Airlines Co. shareholders.

Southwest Airlines Co.'s most recent stock split took place on February 16, 2001 with a 2:3 split ratio.

As of June 30, 2026, Southwest Airlines Co. has an Altman Z-Score of 2.38, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.