LUVNYSEAir Transportation, ScheduledFiscal year ends December 31
SOUTHWEST AIRLINES CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$38.80−0.70 (-1.77%)
Close on Oct 19, 2026
- Market cap
- $19.13B
- P/E (TTM)
- 24.6
- Dividend yield
- 1.86%
Southwest Airlines statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Air Transportation, Scheduled companies for comparison
Valuation
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Market Cap | $18.98B | $1.12B |
| Enterprise Value | $21.14B | $2.56B |
| PE Ratio | 24.56 | 15.37 |
| PS Ratio | 0.63 | 0.63 |
| PB Ratio | 2.68 | 1.57 |
| P/TBV Ratio | 3.26 | 2.60 |
| P/OCF Ratio | 7.50 | 6.13 |
Enterprise value
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| EV / Sales | 0.70 | 0.80 |
| EV / EBITDA | 8.11 | 8.11 |
| EV / EBIT | 20.30 | 10.86 |
Income (trailing twelve months)
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Revenue | $30.07B | $2.89B |
| Operating Income | $1.04B | $9.99M |
| Pretax Income | $1.07B | $28.87M |
| Net Income | $837.00M | -$553.56K |
| EBITDA | $2.61B | $246.26M |
| EPS (Diluted) | $1.58 | -$0.02 |
Margins
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Operating Margin | 3.46% | 1.73% |
| Pretax Margin | 3.55% | 2.68% |
| Profit Margin | 2.78% | 0.17% |
| EBITDA Margin | 8.67% | 5.51% |
| FCF Margin | -1.51% | -1.59% |
Returns
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Return on Equity (ROE) | 11.1% | 13.0% |
| Return on Assets (ROA) | 2.85% | -0.51% |
| Return on Invested Capital (ROIC) | 9.33% | 4.63% |
| Return on Capital Employed (ROCE) | 6.18% | 2.95% |
Growth
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 9.46% | 7.63% |
| Net Income Growth (YoY) | 113.5% | -12.5% |
| EPS Growth (YoY) | 143.1% | -13.3% |
| Revenue Growth (3Y CAGR) | 5.63% | 6.24% |
| Revenue Growth (5Y CAGR) | 25.4% | 25.4% |
| EPS Growth (3Y CAGR) | -3.16% | 17.9% |
Balance sheet
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $3.79B | $347.43M |
| Total Debt | $5.95B | $2.14B |
| Net Cash (Debt) | -$2.16B | -$509.20M |
| Net Cash Per Share | -$4.41 | -$8.53 |
| Equity (Book Value) | $7.08B | $222.00M |
| Book Value Per Share | $14.48 | $8.41 |
| Tangible Book Value | $5.82B | $160.00M |
| Working Capital | -$6.79B | -$92.05M |
Financial position
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Current Ratio | 0.49 | 0.74 |
| Quick Ratio | 0.29 | 0.46 |
| Debt / Equity | 0.84 | 0.84 |
| Debt / EBITDA | 2.28 | 2.82 |
| Net Debt / EBITDA | 0.83 | 1.55 |
| Interest Coverage | 5.21 | 0.61 |
Cash flow (trailing twelve months)
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Operating Cash Flow | $2.53B | $83.52M |
| Capital Expenditures | -$2.99B | -$84.64M |
| Free Cash Flow | -$455.00M | -$748.59K |
| FCF Per Share | -$0.93 | -$0.26 |
Efficiency
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Asset Turnover | 1.02 | 0.75 |
| Revenue Per Employee | $413.13K | $416.26K |
| Profits Per Employee | $11.50K | $1.14K |
| Employee Count | 72,790 | 7,025 |
Dividends and yields
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Earnings Yield | 4.41% | -4.22% |
| FCF Yield | -2.40% | -2.40% |
| Dividend Yield | 1.86% | |
| Buyback Yield | 8.17% | 0.24% |
| Shareholder Yield | 10.0% | 0.57% |
| Dividend Per Share | $0.72 | |
| Dividend Growth (YoY) | 0.00% | |
| Years of Dividend Growth | 0 | |
| Payout Ratio | 44.2% | 31.0% |
Shares
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Shares Outstanding | 489,208,000 | 84,182,550 |
| Shares Change (YoY) | -11.3% | 0.67% |
| Float | 459,218,000 | 69,232,700 |
| Shares Held by Insiders | 6.13% | 8.81% |
| Shares Held by Institutions | 92.9% | 80.7% |
Taxes
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Income Tax | $230.00M | $2.51M |
| Effective Tax Rate | 21.6% | 22.2% |
Scores
| Measure | Southwest Airlines | Industry median |
|---|---|---|
| Graham Number | $22.69 | $57.84 |
| Graham Upside | -41.5% | -18.2% |
| Altman Z-Score | 2.11 | 0.98 |
| Piotroski F-Score | 6 | 5 |
Calculated by StockData from Southwest Airlines's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.