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Southwest Airlines Co.

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

44.42 2.00 −4.31%

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Market cap: $21.8B
P/E: 21.1×
Fwd P/E: 17.1×
Dividend yield: 1.62%
F-score: 7/9
Altman Z: 2.22
Beneish M: −2.66
Dividend safety: 24/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Southwest Airlines Co. (LUV) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Southwest Airlines Co. (LUV) trades at a P/E ratio of 21.1×. Over the past ten years it has ranged from 0.0× (December 2024) to 176× (September 2024); the current reading is higher than 58% of that period. That is above the Airlines industry median of 9.7× and below the Industrials sector median of 23.3×.

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<iframe src="https://stockrow.com/embed/LUV/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Southwest Airlines Co. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/LUV/metrics/pe-ratio">Southwest Airlines Co. (LUV) P/E ratio — stockrow.com</a></p>

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%

Period	P/E ratio	Change
Sep 2026	19.7×	(36.29%)
Jun 2026	31.0×	30.27%
Mar 2026	23.8×	(49.95%)
Dec 2025	47.5×	1.23%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 176×

Ten-year median 16.6×

Current reading's percentile 50

Company	P/E ratio
AAL American Airlines Group Inc. compare	n/m
ALK Alaska Air Group, Inc. compare	n/m
SKYW SkyWest, Inc. compare	7.6×
LTM LATAM Airlines Group S.A. compare	8.3×
CPA Copa Holdings, S.A. compare	9.4×
UAL United Airlines Holdings Inc compare	10.1×
RYAAY Ryanair Holdings PLC compare	14.3×
DAL Delta Air Lines, Inc. compare	17.0×
LUV Southwest Airlines Co.	21.1×
Airlines industry median	9.7×
Industrials sector median	23.3×
Market median	17.9×

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 →

Southwest Airlines Co. (LUV) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on LUV

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on LUV

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