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.
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Southwest Airlines Co. (LUV) Price to free cash flow
Southwest Airlines Co. has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 65.5× (November 2020) — the current reading is the lowest in ten years.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
| FY2021 | 14.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 8.6× | (3.58%) |
| FY2018 | 9.0× | (59.36%) |
| FY2017 | 22.1× | 58.74% |
| FY2016 | 13.9× | (41.56%) |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| LUV Southwest Airlines Co. | n/m |
| ZNH China Southern Airlines Company Limited compare | n/m |
| ALK Alaska Air Group, Inc. compare | n/m |
| LTM LATAM Airlines Group S.A. compare | 6.3× |
| UAL United Airlines Holdings Inc compare | 11.9× |
| RYAAY Ryanair Holdings PLC compare | 13.8× |
| DAL Delta Air Lines, Inc. compare | 16.3× |
| AAL American Airlines Group Inc. compare | 27.6× |
| CPA Copa Holdings, S.A. compare | 30.7× |
| Airlines industry median | 11.5× |
| Industrials sector median | 20.1× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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