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Saturday 17 October 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. 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%
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

Southwest Airlines Co. (LUV) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Southwest Airlines Co. (LUV) trades at a EV/EBITDA of 8.2×. Over the past ten years it has ranged from 0.0× (September 2021) to 17.2× (October 2021); the current reading is higher than 69% of that period. That is in line with the Airlines industry median of 8.4× and below the Industrials sector median of 12.6×.

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
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

Against its own ten years

Low 0.0× High 17.2×
Ten-year median 7.3×
Current reading's percentile 69

EV/EBITDA against peers

Company EV/EBITDA
RYAAY Ryanair Holdings PLC compare 6.0×
LTM LATAM Airlines Group S.A. compare 7.7×
LUV Southwest Airlines Co. 8.2×
CPA Copa Holdings, S.A. compare 8.3×
UAL United Airlines Holdings Inc compare 8.4×
DAL Delta Air Lines, Inc. compare 11.1×
ALK Alaska Air Group, Inc. compare 12.6×
AAL American Airlines Group Inc. compare 28.1×
ZNH China Southern Airlines Company Limited compare —
Airlines industry median 8.4×
Industrials sector median 12.6×
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)

The full definition of EV/EBITDA →

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