Southwest Airlines Company (LUV) Key Ratios
$45.05
As on 06-Nov-2026 09:44EST
Market cap
$20,768 Mln
Revenue (TTM)
$31,546 Mln
P/E Ratio
20.7
P/B Ratio
2.9
Div. Yield
1.7 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -0.13 | 21.20 | 14.50 | 7.43 | 19.86 |
| EBIT | 43.06 | 357.78 | 138.21 | 18.88 | 34.25 |
| Net Profit | 15.88 | 400.00 | 177.84 | 28.44 | 250.17 |
| EPS | 16.82 | 432.39 | 221.66 | 41.74 | 114.63 |
| 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 | 4.64 | 2.41 | 2.95 |
| Net Margin
| -- | 4.22 | 3.34 | -- | -- |
| Return on equity
| 4.55 | 5.78 | 14.83 | 4.81 | 4.46 |
| Return on Capital
| 2.50 | 2.90 | -- | 2.72 | 2.44 |
| Return on Assets
| 1.34 | 1.66 | 2.52 | 1.40 | 1.32 |
| Debt to Equity (x)
| -- | -- | 0.51 | 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
14.83
Higher than Peers by 6.04
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
14.83
|
4.81
|
4.46
|
4.39
|
5.11
|
|
Peer Median
|
8.78
|
--
|
--
|
--
|
--
|
ROA
2.52
Higher than Peers by 1.64
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
2.52
|
1.40
|
1.32
|
1.29
|
1.50
|
|
Peer Median
|
0.88
|
--
|
--
|
--
|
--
|
EBIT Margin
4.64
Higher than Peers by 0.99
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
4.64
|
2.41
|
2.95
|
3.33
|
4.32
|
|
Peer Median
|
3.66
|
--
|
--
|
--
|
--
|
Net Margin
3.34
Higher than Peers by 1.83
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)
|
3.34
|
1.57
|
1.69
|
1.78
|
2.26
|
|
Peer Median
|
1.51
|
--
|
--
|
--
|
--
|
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
14.50
Higher than Peers by 9.84
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
14.50
|
0.02
|
0.05
|
0.10
|
0.51
|
|
Peer Median
|
4.66
|
--
|
--
|
--
|
--
|
EBIT Growth
138.21
Higher than Peers by 143.92
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
138.21
|
-16.75
|
-6.56
|
-15.55
|
-41.40
|
|
Peer Median
|
-5.70
|
--
|
--
|
--
|
--
|
Net Profit Growth
177.84
Higher than Peers by 176.13
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
177.84
|
-5.16
|
--
|
-13.73
|
-44.83
|
|
Peer Median
|
1.71
|
--
|
--
|
--
|
--
|
EPS Growth
221.66
Higher than Peers by 216.38
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
221.66
|
0.17
|
-0.07
|
-0.14
|
-0.44
|
|
Peer Median
|
5.27
|
--
|
--
|
--
|
--
|
Book Value Growth
0.36
Lower than Peers by 4.22
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.36
|
--
|
--
|
--
|
--
|
|
Peer Median
|
4.58
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.51
Lower than Peers by 0.39
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.51
|
0.75
|
0.78
|
0.87
|
0.89
|
|
Peer Median
|
0.90
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.33
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.33
|
0.08
|
0.19
|
0.02
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.47
Lower than Peers by 0.13
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.47
|
0.52
|
0.92
|
1.14
|
1.43
|
|
Peer Median
|
0.60
|
--
|
--
|
--
|
--
|
Quick Ratio
0.40
Lower than Peers by 0.15
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.40
|
0.45
|
0.85
|
1.07
|
1.35
|
|
Peer Median
|
0.55
|
--
|
--
|
--
|
--
|
Interest Coverage
7.57
Higher than Peers by 4.65
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
7.57
|
5.98
|
3.79
|
3.68
|
3.42
|
|
Peer Median
|
2.93
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
4.16
Higher than Peers by 0.25
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
4.16
|
4.09
|
4.04
|
4.42
|
4.37
|
|
Peer Median
|
3.91
|
--
|
--
|
--
|
--
|
Asset Turnover
0.75
Higher than Peers by 0.21
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Airlines Company (LUV)
|
0.75
|
0.89
|
0.78
|
0.73
|
0.66
|
|
Peer Median
|
0.54
|
--
|
--
|
--
|
--
|
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
20.70
No difference
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)
|
20.70
|
48.83
|
46.34
|
37.02
|
37.11
|
|
Peer Median
|
20.70
|
--
|
--
|
--
|
--
|
Price / Book Value
2.92
Higher than Peers by 0.99
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)
|
2.92
|
2.70
|
2.08
|
1.64
|
1.87
|
|
Peer Median
|
1.93
|
--
|
--
|
--
|
--
|
Dividend Yield
1.65
--
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)
|
1.65
|
--
|
--
|
--
|
--
|
|
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
20,768
Higher than Peers by 20,370
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)
|
20,768
|
--
|
--
|
--
|
--
|
|
Peer Median
|
399
|
--
|
--
|
--
|
--
|