Friday 6 November 2026 Export LUV’s income statement to Excel — free account

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

44.39 0.05 −0.11%

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Market cap: $21.8B
P/E: 21.0×
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) P/S ratio

Alert me on P/S ratio

As of 6 November 2026, Southwest Airlines Co. (LUV) trades at a P/S ratio of 0.7×. Over the past ten years it has ranged from 0.5× (April 2025) to 5.5× (April 2021); the current reading is higher than 18% of that period. That is above the Airlines industry median of 0.6× and below the Industrials sector median of 1.5×.

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

Period	P/S ratio	Change
FY2025	0.8×	8.72%
FY2024	0.7×	12.63%
FY2023	0.6×	(19.99%)
FY2022	0.8×	(49.46%)
FY2021	1.6×	(44.81%)
FY2020	2.9×	124.77%
FY2019	1.3×	6.80%
FY2018	1.2×	(35.65%)
FY2017	1.9×	21.98%
FY2016	1.5×	7.56%

Period	P/S ratio	Change
Sep 2026	0.6×	(22.80%)
Jun 2026	0.8×	29.07%
Mar 2026	0.6×	(18.55%)
Dec 2025	0.8×	31.30%
43 more quarters	Free account

Against its own ten years

Low 0.5× High 5.5×

Ten-year median 1.3×

Current reading's percentile 19

Company	P/S ratio
AAL American Airlines Group Inc. compare	0.1×
ALK Alaska Air Group, Inc. compare	0.3×
UAL United Airlines Holdings Inc compare	0.6×
LUV Southwest Airlines Co.	0.7×
SKYW SkyWest, Inc. compare	0.7×
DAL Delta Air Lines, Inc. compare	0.8×
LTM LATAM Airlines Group S.A. compare	0.8×
CPA Copa Holdings, S.A. compare	1.5×
RYAAY Ryanair Holdings PLC compare	1.7×
Airlines industry median	0.6×
Industrials sector median	1.5×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

Southwest Airlines Co. (LUV) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on LUV

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on LUV

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