Southwest Airlines Co. LUV
42.68
1.13
2.72%
as of 25 Sep
- Market cap
- $20.5B
- P/E
- 25.7×
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Southwest Airlines Co. (LUV) Operating margin
Southwest Airlines Co.'s operating margin over the twelve months to 30 June 2026 was 3.46%, up 1.9 percentage points from fiscal 2025 (1.53%). Over the past ten years it has ranged from −42.2% (fiscal 2020) to 20.8% (fiscal 2015); the current reading is higher than 36% of that period. That is below the Airlines industry median of 4.18% and below the Industrials sector median of 5.15%.
Operating margin, annual
Annual
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 1.53% | 0.36 |
| FY2024 | 1.17% | 0.31 |
| FY2023 | 0.86% | (3.41) |
| FY2022 | 4.27% | (6.63) |
| FY2021 | 10.9% | 53.08 |
| FY2020 | −42.2% | (55.36) |
| FY2019 | 13.2% | (1.42) |
| FY2018 | 14.6% | (1.51) |
| FY2017 | 16.1% | (1.25) |
| FY2016 | 17.4% | (3.41) |
Quarterly
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 3.38% | (1.17) |
| Mar 2026 | 4.55% | (0.70) |
| Dec 2025 | 5.25% | 4.75 |
| Sep 2025 | 0.50% | (2.61) |
| 42 more quarters | Free account |
Against its own ten years
Low −42.2%
High 20.8%
Ten-year median
10.9%
Current reading's percentile
36
Operating margin against peers
| Company | Operating margin |
|---|---|
| CPA Copa Holdings, S.A. compare | 19.4% |
| LTM LATAM Airlines Group S.A. compare | 15.0% |
| RYAAY Ryanair Holdings PLC compare | 13.1% |
| DAL Delta Air Lines, Inc. compare | 8.08% |
| UAL United Airlines Holdings Inc compare | 7.74% |
| LUV Southwest Airlines Co. | 3.46% |
| AAL American Airlines Group Inc. compare | 1.73% |
| ALK Alaska Air Group, Inc. compare | −1.52% |
| ZNH China Southern Airlines Company Limited compare | −7.90% |
| Airlines industry median | 4.18% |
| Industrials sector median | 5.15% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on LUV
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- 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