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

Southwest Airlines Co. (LUV) Return on invested capital

Alert me on Return on invested capital

Southwest Airlines Co.'s return on invested capital over the twelve months to 30 June 2026 was 7.04%, up 4.3 percentage points from fiscal 2025 (2.77%). Over the past ten years it has ranged from −38.6% (fiscal 2020) to 31.2% (fiscal 2015); the current reading is higher than 36% of that period. That is above the Airlines industry median of 3.19% and above the Industrials sector median of 2.30%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 2.77% 0.36
FY2024 2.41% 0.42
FY2023 1.99% (7.81)
FY2022 9.80% (9.28)
FY2021 19.1% 57.66
FY2020 −38.6% (60.10)
FY2019 21.5% 3.70
FY2018 17.8% (0.82)
FY2017 18.6% (4.29)
FY2016 22.9% (8.28)

Against its own ten years

Low −38.6% High 31.2%
Ten-year median 17.8%
Current reading's percentile 36

Return on invested capital against peers

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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