Southwest Airlines Co. LUV
- Market cap
- $20.5B
- P/E
- 25.7×
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Southwest Airlines Co. (LUV) EV/EBITDA
As of 25 September 2026, Southwest Airlines Co. (LUV) trades at a EV/EBITDA of 8.8×. Over the past ten years it has ranged from 0.0× (September 2021) to 17.2× (October 2021); the current reading is higher than 79% of that period. That is below the Airlines industry median of 9.7× and below the Industrials sector median of 12.9×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 12.1× | 32.02% |
| FY2024 | 9.1× | 18.40% |
| FY2023 | 7.7× | 20.84% |
| FY2022 | 6.4× | (7.11%) |
| FY2021 | 6.9× | — |
| FY2020 | 0.0× | — |
| FY2019 | 6.7× | 4.69% |
| FY2018 | 6.4× | (29.35%) |
| FY2017 | 9.0× | 31.36% |
| FY2016 | 6.9× | 19.80% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 10.5× | 28.27% |
| Mar 2026 | 8.2× | (32.32%) |
| Dec 2025 | 12.1× | 29.74% |
| Sep 2025 | 9.3× | 2.78% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| RYAAY Ryanair Holdings PLC compare | 6.4× |
| LTM LATAM Airlines Group S.A. compare | 8.3× |
| CPA Copa Holdings, S.A. compare | 8.4× |
| LUV Southwest Airlines Co. | 8.8× |
| UAL United Airlines Holdings Inc compare | 9.6× |
| DAL Delta Air Lines, Inc. compare | 11.8× |
| ALK Alaska Air Group, Inc. compare | 13.7× |
| AAL American Airlines Group Inc. compare | 29.4× |
| ZNH China Southern Airlines Company Limited compare | 200× |
| Airlines industry median | 9.7× |
| Industrials sector median | 12.9× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on LUV
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement