stockrowSouthwest 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
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Southwest Airlines Co. (LUV) Net margin
Southwest Airlines Co.'s net margin over the twelve months to 30 September 2026 was 3.34%, up 1.8 percentage points from fiscal 2025 (1.58%). Over the past ten years it has ranged from −34.0% (fiscal 2020) to 15.9% (fiscal 2017); the current reading is higher than 18% of that period. That is above the Airlines industry median of 1.73% and above the Industrials sector median of 2.52%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 1.58% | (0.18) |
| FY2024 | 1.76% | (0.10) |
| FY2023 | 1.86% | (0.40) |
| FY2022 | 2.26% | (3.93) |
| FY2021 | 6.19% | 40.16 |
| FY2020 | −34.0% | (44.23) |
| FY2019 | 10.3% | (0.96) |
| FY2018 | 11.2% | (4.66) |
| FY2017 | 15.9% | 5.12 |
| FY2016 | 10.8% | (0.24) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 3.21% | 0.45 |
| Jun 2026 | 2.76% | (0.37) |
| Mar 2026 | 3.13% | (1.22) |
| Dec 2025 | 4.35% | 3.57 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| CPA Copa Holdings, S.A. compare | 15.7% |
| RYAAY Ryanair Holdings PLC compare | 11.2% |
| LTM LATAM Airlines Group S.A. compare | 9.82% |
| SKYW SkyWest, Inc. compare | 9.70% |
| UAL United Airlines Holdings Inc compare | 5.46% |
| DAL Delta Air Lines, Inc. compare | 4.58% |
| LUV Southwest Airlines Co. | 3.34% |
| AAL American Airlines Group Inc. compare | −0.79% |
| ALK Alaska Air Group, Inc. compare | −2.58% |
| Airlines industry median | 1.73% |
| Industrials sector median | 2.52% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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