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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) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Southwest Airlines Co. (LUV) trades at a P/B ratio of 2.7×. Over the past ten years it has ranged from 1.2× (November 2023) to 4.8× (January 2015); the current reading is higher than 42% of that period. That is above the Airlines industry median of 1.9× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.8× 43.96%
FY2024 1.9× 20.53%
FY2023 1.6× (10.91%)
FY2022 1.8× (25.72%)
FY2021 2.4× (17.92%)
FY2020 3.0× 0.45%
FY2019 3.0× 9.27%
FY2018 2.7× (34.59%)
FY2017 4.1× 11.31%
FY2016 3.7× (4.03%)

Quarterly newest first

Period P/B ratio Change
Jun 2026 3.6× 30.47%
Mar 2026 2.7× (2.68%)
Dec 2025 2.8× 30.30%
Sep 2025 2.1× (1.62%)
42 more quarters

Against its own ten years

Low 1.2× High 4.8×
Ten-year median 2.9×
Current reading's percentile 46

P/B ratio against peers

Company P/B ratio
AAL American Airlines Group Inc. compare n/m
ALK Alaska Air Group, Inc. compare 1.1×
ZNH China Southern Airlines Company Limited compare 1.3×
UAL United Airlines Holdings Inc compare 1.9×
CPA Copa Holdings, S.A. compare 1.9×
DAL Delta Air Lines, Inc. compare 2.2×
RYAAY Ryanair Holdings PLC compare 2.5×
LUV Southwest Airlines Co. 2.7×
LTM LATAM Airlines Group S.A. compare 6.9×
Airlines industry median 1.9×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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