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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/E ratio

Alert me on P/E ratio

As of 16 October 2026, Southwest Airlines Co. (LUV) trades at a P/E ratio of 23.8×. Over the past ten years it has ranged from 0.0× (December 2024) to 176× (September 2024); the current reading is higher than 60% of that period. That is above the Airlines industry median of 9.0× and in line with the Industrials sector median of 24.7×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 47.5× 8.80%
FY2024 43.7× 27.25%
FY2023 34.3× (4.22%)
FY2022 35.8× 37.98%
FY2021 26.0× —
FY2020 0.0× —
FY2019 12.6× 16.68%
FY2018 10.8× (4.99%)
FY2017 11.4× (18.69%)
FY2016 14.0× 6.99%

Quarterly newest first

Period P/E ratio Change
Jun 2026 31.0× 30.27%
Mar 2026 23.8× (49.95%)
Dec 2025 47.5× 1.23%
Sep 2025 46.9× (0.19%)
42 more quarters

Against its own ten years

Low 0.0× High 176×
Ten-year median 16.5×
Current reading's percentile 52

P/E ratio against peers

Company P/E ratio
ZNH China Southern Airlines Company Limited compare n/m
AAL American Airlines Group Inc. compare n/m
ALK Alaska Air Group, Inc. compare n/m
RYAAY Ryanair Holdings PLC compare 5.3×
LTM LATAM Airlines Group S.A. compare 8.7×
CPA Copa Holdings, S.A. compare 8.7×
UAL United Airlines Holdings Inc compare 9.0×
DAL Delta Air Lines, Inc. compare 15.0×
LUV Southwest Airlines Co. 23.8×
Airlines industry median 9.0×
Industrials sector median 24.7×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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