Southwest Airlines Company (LUV) Key Ratios
$38.80
As on 16-Sep-2026 12:43EDT
Market cap
$19,197 Mln
Revenue (TTM)
$30,073 Mln
P/E Ratio
24.5
P/B Ratio
2.7
Div. Yield
1.9 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 16.33 | 16.41 | 9.47 | 6.16 | 24.97 |
| EBIT | -11.93 | -5.88 | 71.11 | 4.42 | 21.34 |
| Net Profit | 2.64 | 9.39 | 113.52 | 12.94 | 20.33 |
| EPS | 3.67 | 18.83 | 149.80 | 23.85 | 21.04 |
| Book Value | -- | -- | -5.13 | -5.22 | 0.36 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 2.90 | 4.83 | 3.80 | 2.41 | 2.95 |
| Net Margin
| -- | 4.22 | 2.78 | -- | -- |
| Return on equity
| 4.55 | 5.78 | 11.11 | 4.81 | 4.46 |
| Return on Capital
| 2.50 | 2.90 | -- | 2.72 | 2.44 |
| Return on Assets
| 1.34 | 1.66 | 2.02 | 1.40 | 1.32 |
| Debt to Equity (x)
| -- | -- | 0.54 | 0.75 | 0.78 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
--
|
2.72
|
2.44
|
2.33
|
2.52
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
11.11
Higher than Peers by 0.52
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
11.11
|
4.81
|
4.46
|
4.39
|
5.11
|
|
Peer Median
|
10.59
|
--
|
--
|
--
|
--
|
ROA
2.02
Higher than Peers by 1.01
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
2.02
|
1.40
|
1.32
|
1.29
|
1.50
|
|
Peer Median
|
1.01
|
--
|
--
|
--
|
--
|
EBIT Margin
3.80
Lower than Peers by 0.67
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
3.80
|
2.41
|
2.95
|
3.33
|
4.32
|
|
Peer Median
|
4.47
|
--
|
--
|
--
|
--
|
Net Margin
2.78
Higher than Peers by 0.95
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
2.78
|
1.57
|
1.69
|
1.78
|
2.26
|
|
Peer Median
|
1.83
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
9.47
Higher than Peers by 5.24
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
9.47
|
0.02
|
0.05
|
0.10
|
0.51
|
|
Peer Median
|
4.23
|
--
|
--
|
--
|
--
|
EBIT Growth
71.11
Higher than Peers by 72.39
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
71.11
|
-16.75
|
-6.56
|
-15.55
|
-41.40
|
|
Peer Median
|
-1.29
|
--
|
--
|
--
|
--
|
Net Profit Growth
113.52
Higher than Peers by 102.06
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
113.52
|
-5.16
|
--
|
-13.73
|
-44.83
|
|
Peer Median
|
11.46
|
--
|
--
|
--
|
--
|
EPS Growth
149.80
Higher than Peers by 136.64
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
149.80
|
0.17
|
-0.07
|
-0.14
|
-0.44
|
|
Peer Median
|
13.17
|
--
|
--
|
--
|
--
|
Book Value Growth
-3.83
Lower than Peers by 12.50
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
-3.83
|
--
|
--
|
--
|
--
|
|
Peer Median
|
8.67
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.54
Lower than Peers by 0.49
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.54
|
0.75
|
0.78
|
0.87
|
0.89
|
|
Peer Median
|
1.03
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.34
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.34
|
0.08
|
0.19
|
0.02
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.49
Lower than Peers by 0.18
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.49
|
0.52
|
0.92
|
1.14
|
1.43
|
|
Peer Median
|
0.67
|
--
|
--
|
--
|
--
|
Quick Ratio
0.42
Lower than Peers by 0.19
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.42
|
0.45
|
0.85
|
1.07
|
1.35
|
|
Peer Median
|
0.61
|
--
|
--
|
--
|
--
|
Interest Coverage
7.24
Higher than Peers by 4.04
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
7.24
|
5.98
|
3.79
|
3.68
|
3.42
|
|
Peer Median
|
3.20
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
4.05
Higher than Peers by 0.12
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
4.05
|
4.09
|
4.04
|
4.42
|
4.37
|
|
Peer Median
|
3.93
|
--
|
--
|
--
|
--
|
Asset Turnover
0.72
Higher than Peers by 0.17
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.72
|
0.89
|
0.78
|
0.73
|
0.66
|
|
Peer Median
|
0.56
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
--
|
14.70
|
15.04
|
15.36
|
18.38
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
--
|
12.42
|
12.75
|
13.34
|
12.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
--
|
5.74
|
4.79
|
4.53
|
4.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
--
|
21.38
|
23.00
|
24.17
|
26.95
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
24.53
Higher than Peers by 2.54
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
24.53
|
48.83
|
46.34
|
37.02
|
37.11
|
|
Peer Median
|
21.98
|
--
|
--
|
--
|
--
|
Price / Book Value
2.67
Higher than Peers by 0.96
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
2.67
|
2.70
|
2.08
|
1.64
|
1.87
|
|
Peer Median
|
1.71
|
--
|
--
|
--
|
--
|
Dividend Yield
1.86
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
1.86
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
7.93
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
7.93
|
10.86
|
8.46
|
6.25
|
7.22
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
19,197
Higher than Peers by 18,536
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
19,197
|
--
|
--
|
--
|
--
|
|
Peer Median
|
660
|
--
|
--
|
--
|
--
|