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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

45.22 0.78 +1.76%

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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

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Southwest Airlines Co. (LUV) Price to free cash flow

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As of 5 November 2026, Southwest Airlines Co. (LUV) trades at a price to free cash flow of 123×. Over the past ten years it has ranged from 0.0× (September 2026) to 128× (November 2026); the current reading is higher than 100% of that period. That is above the Airlines industry median of 18.0× and above the Industrials sector median of 19.6×.

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

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%)

Period	Price to free cash flow	Change
Sep 2026	115×	—
Jun 2026	0.0×	—
Mar 2026	0.0×	—
Dec 2025	0.0×	—
43 more quarters	Free account

Against its own ten years

Low 0.0× High 128×

Ten-year median 10.8×

Current reading's percentile 100

Company	Price to free cash flow
AAL American Airlines Group Inc. compare	n/m
ALK Alaska Air Group, Inc. compare	n/m
LTM LATAM Airlines Group S.A. compare	6.4×
RYAAY Ryanair Holdings PLC compare	17.5×
DAL Delta Air Lines, Inc. compare	18.6×
SKYW SkyWest, Inc. compare	22.7×
UAL United Airlines Holdings Inc compare	29.9×
CPA Copa Holdings, S.A. compare	32.9×
LUV Southwest Airlines Co.	123×
Airlines industry median	18.0×
Industrials sector median	19.6×
Market median	14.1×

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)))

The full definition of Price to free cash flow →

Southwest Airlines Co. (LUV) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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