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Friday 6 November 2026 Export LUV’s income statement to Excel — free account

Southwest Airlines Co.

LUV Industrials Airlines

Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024.

Revenue
+21.2%
EPS
+450.0%
Free cash flow
+46.9%
Total debt
+43.5%

Quarter to September 2026, against a year earlier

44.42 2.00 −4.31%
Market cap
$21.8B
P/E
21.1×
Fwd P/E
17.1×
Dividend yield
1.62%
F-score
7/9
Altman Z
2.22
Beneish M
−2.66
Dividend safety
24/100
Overview Business Profile Earnings & Analysis
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Southwest Airlines Co. (LUV) Current ratio

Alert me on Current ratio

Southwest Airlines Co.'s current ratio at the end of the quarter to 30 September 2026 was 0.5×, down 0.0× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2025) to 2.0× (fiscal 2020) — the current reading is the lowest in ten years. That is below the Airlines industry median of 0.6× and below the Industrials sector median of 1.8×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 0.5× (43.72%)
FY2024 0.9× (19.34%)
FY2023 1.1× (20.20%)
FY2022 1.4× (27.50%)
FY2021 2.0× (2.64%)
FY2020 2.0× 202.92%
FY2019 0.7× 4.90%
FY2018 0.6× (9.34%)
FY2017 0.7× 6.76%
FY2016 0.7× 20.96%

Quarterly newest first

Period Current ratio Change
Sep 2026 0.5× (3.05%)
Jun 2026 0.5× 2.18%
Mar 2026 0.5× (7.51%)
Dec 2025 0.5× 5.34%
43 more quarters

Against its own ten years

Low 0.5× High 2.0×
Ten-year median 0.7×
Current reading's percentile 9

Current ratio against peers

Company Current ratio
RYAAY Ryanair Holdings PLC compare 1.2×
CPA Copa Holdings, S.A. compare 1.1×
UAL United Airlines Holdings Inc compare 0.8×
LTM LATAM Airlines Group S.A. compare 0.7×
SKYW SkyWest, Inc. compare 0.6×
AAL American Airlines Group Inc. compare 0.5×
LUV Southwest Airlines Co. 0.5×
ALK Alaska Air Group, Inc. compare 0.5×
DAL Delta Air Lines, Inc. compare 0.4×
Airlines industry median 0.6×
Industrials sector median 1.8×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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