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) Operating margin
Southwest Airlines Co.'s operating margin over the twelve months to 30 September 2026 was 4.39%, up 2.9 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 6.41% and below the Industrials sector median of 5.26%.
Operating margin, annual
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Annual newest first
| 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 newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 4.49% | 1.11 |
| Jun 2026 | 3.38% | (1.17) |
| Mar 2026 | 4.55% | (0.70) |
| Dec 2025 | 5.25% | 4.75 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CPA Copa Holdings, S.A. compare | 19.4% |
| SKYW SkyWest, Inc. compare | 13.9% |
| LTM LATAM Airlines Group S.A. compare | 13.7% |
| RYAAY Ryanair Holdings PLC compare | 12.0% |
| UAL United Airlines Holdings Inc compare | 7.51% |
| DAL Delta Air Lines, Inc. compare | 7.36% |
| LUV Southwest Airlines Co. | 4.39% |
| AAL American Airlines Group Inc. compare | 1.59% |
| ALK Alaska Air Group, Inc. compare | −1.89% |
| Airlines industry median | 6.41% |
| Industrials sector median | 5.26% |
| 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
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