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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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Southwest Airlines Co. (LUV) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Southwest Airlines Co. (LUV) trades at a EV/EBITDA of 8.1×. Over the past ten years it has ranged from 0.0× (September 2021) to 17.2× (October 2021); the current reading is higher than 67% of that period. That is below the Airlines industry median of 8.6× and below the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

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 newest first

Period EV/EBITDA Change
Sep 2026 7.7× (26.86%)
Jun 2026 10.5× 28.27%
Mar 2026 8.2× (32.32%)
Dec 2025 12.1× 29.74%
43 more quarters

Against its own ten years

Low 0.0× High 17.2×
Ten-year median 7.3×
Current reading's percentile 67

EV/EBITDA against peers

Company EV/EBITDA
RYAAY Ryanair Holdings PLC compare 6.9×
LTM LATAM Airlines Group S.A. compare 7.9×
LUV Southwest Airlines Co. 8.1×
SKYW SkyWest, Inc. compare 8.3×
CPA Copa Holdings, S.A. compare 8.8×
UAL United Airlines Holdings Inc compare 9.7×
DAL Delta Air Lines, Inc. compare 12.3×
ALK Alaska Air Group, Inc. compare 14.0×
AAL American Airlines Group Inc. compare 30.3×
Airlines industry median 8.6×
Industrials sector median 12.4×
Market median 10.9×

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)

The full definition of EV/EBITDA →

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