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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/Sales

Alert me on EV/Sales

As of 16 October 2026, Southwest Airlines Co. (LUV) trades at a EV/Sales of 0.7×. Over the past ten years it has ranged from 0.4× (November 2023) to 5.0× (April 2021); the current reading is higher than 26% of that period. That is below the Airlines industry median of 0.8× and below the Industrials sector median of 1.9×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 0.9× 29.95%
FY2024 0.7× 27.33%
FY2023 0.5× (18.67%)
FY2022 0.6× (51.27%)
FY2021 1.3× (50.11%)
FY2020 2.6× 110.81%
FY2019 1.2× (2.85%)
FY2018 1.3× (35.19%)
FY2017 2.0× 22.90%
FY2016 1.6× 8.17%

Quarterly newest first

Period EV/Sales Change
Jun 2026 0.9× 26.26%
Mar 2026 0.7× (15.89%)
Dec 2025 0.9× 32.51%
Sep 2025 0.6× 0.03%
42 more quarters

Against its own ten years

Low 0.4× High 5.0×
Ten-year median 1.2×
Current reading's percentile 28

EV/Sales against peers

Company EV/Sales
AAL American Airlines Group Inc. compare 0.5×
ALK Alaska Air Group, Inc. compare 0.5×
UAL United Airlines Holdings Inc compare 0.7×
LUV Southwest Airlines Co. 0.7×
DAL Delta Air Lines, Inc. compare 0.8×
LTM LATAM Airlines Group S.A. compare 1.2×
RYAAY Ryanair Holdings PLC compare 1.3×
CPA Copa Holdings, S.A. compare 1.6×
ZNH China Southern Airlines Company Limited compare —
Airlines industry median 0.8×
Industrials sector median 1.9×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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