Saturday 17 October 2026 Export LUV’s income statement to Excel — free account

Southwest Airlines Co.

Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024. In the quarter to June 2026, revenue grew 16.4%, EPS grew 20.0%, free cash flow grew 86.8% and total debt rose 44.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five.

39.49 1.34 −3.28%

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Market cap: $20.0B
P/E: 23.8×
Fwd P/E: 15.0×
Dividend yield: 1.82%
F-score: 7/9
Altman Z: 2.22
Beneish M: −2.66
Dividend safety: 24/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	46.93	47.51	23.78	30.98
P/S ratio Full definition →		0.61	0.80	0.65	0.84
P/FCF ratio Full definition →		0.00	0.00	0.00	0.00
P/Operating CF Full definition →		58.35	75.65	13.19	47.53
P/B ratio Full definition →		2.15	2.80	2.72	3.55
Price to Tangible BV Full definition →		2.45	3.18	3.17	4.11
EV/Sales Full definition →		0.65	0.85	0.72	0.91
EV/EBITDA Full definition →		9.30	12.07	8.17	10.48
EV/Operating CF Full definition →		8.79	13.02	8.65	10.80
EV/FCF Full definition →		(70.81)	(28.87)	(98.90)	(3,899.91)
Quick Ratio Full definition →		0.38	0.40	0.37	0.38
Current Ratio Full definition →		0.49	0.52	0.48	0.49
Net Debt/EBITDA Full definition →		2.53	2.19	2.83	3.14
Debt/Assets Full definition →		14.49%	16.86%	18.35%	19.74%
Debt/Equity Full definition →		0.53	0.61	0.78	0.84
Asset Turnover Full definition →		0.87	0.89	0.92	1.02
Operating CF/Net income Full definition →		5.30	0.91	6.25	2.27
Capex/Depreciation Full definition →		(1.72)	(2.32)	(1.10)	(1.39)
Interest Coverage Full definition →		1.00	8.32	6.11	4.45
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Intangible Assets out of Total Assets Full definition →		0.03	0.03	0.03	0.03
Share Based Compensation of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →		(0.91)	(0.69)	(0.88)	(0.66)
Graham Number Full definition →		15.08	17.01	22.15	23.26
Earnings Yield Full definition →		2.13%	2.11%	4.21%	3.23%
Free Cash Flow Yield Full definition →		(1.50%)	(3.72%)	(1.12%)	(0.03%)
Revenue per Share Full definition →		13.29	13.78	14.56	17.24
Operating CF per Share Full definition →		0.55	0.55	2.85	1.08
Capex per Share Full definition →		(1.30)	(1.59)	(0.88)	(1.15)
Free Cash Flow per Share Full definition →		(0.75)	(1.04)	1.97	(0.06)
Cash per Share Full definition →		5.77	5.98	6.68	7.75
Shareholders Equity per Share Full definition →		14.87	14.78	13.81	14.48
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		14.87	14.78	13.81	14.48
Free Cash Flow Full definition →		(392.00)	(564.00)	980.00	(31.00)
Working Capital Full definition →		(5,599.00)	(5,276.00)	(6,515.00)	(6,786.00)
Capital Expenditures Full definition →		(678.00)	(859.00)	(438.00)	(560.00)
Net Current Asset Value Full definition →		(15,141.00)	(15,435.00)	(16,511.00)	(16,558.00)
EV/EBIT Full definition →		56.42	56.05	21.17	26.22
Capex to Sales Full definition →		0.10	0.12	0.06	0.07
Price to Operating Income Full definition →		52.98	52.15	19.07	24.15
Other line items
Average Receivables Full definition →		1,147.50	1,129.50	1,166.00	1,115.50
Average Payables Full definition →		1,613.00	1,904.50	2,019.50	1,941.50
Average Inventory Full definition →		781.00	787.50	809.50	845.00
Average Assets Full definition →		31,579.50	31,405.50	31,283.50	29,417.00
Average Common Equity Full definition →		9,093.50	9,165.50	8,120.00	7,541.00

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Columns are period end dates

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