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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/S ratio

Alert me on P/S ratio

As of 16 October 2026, Southwest Airlines Co. (LUV) trades at a P/S ratio of 0.6×. Over the past ten years it has ranged from 0.5× (April 2025) to 5.5× (April 2021); the current reading is higher than 10% of that period. That is above the Airlines industry median of 0.5× and below the Industrials sector median of 1.5×.

P/S ratio, daily

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Annual newest first

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%

Quarterly newest first

Period P/S ratio Change
Jun 2026 0.8× 29.07%
Mar 2026 0.6× (18.55%)
Dec 2025 0.8× 31.30%
Sep 2025 0.6× (4.66%)
42 more quarters

Against its own ten years

Low 0.5× High 5.5×
Ten-year median 1.3×
Current reading's percentile 11

P/S ratio against peers

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 0.5×
ZNH China Southern Airlines Company Limited compare 0.5×
LUV Southwest Airlines Co. 0.6×
DAL Delta Air Lines, Inc. compare 0.7×
LTM LATAM Airlines Group S.A. compare 0.9×
CPA Copa Holdings, S.A. compare 1.4×
RYAAY Ryanair Holdings PLC compare 1.5×
Airlines industry median 0.5×
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 →

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