Southwest Airlines Co (LUV) stock
LUVNYSEAir Transportation, ScheduledFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 12/3013% below fair value
$45.23−1.25 (-2.69%)
Close on Nov 12, 2026Market cap $22.14BP/E 22.3Yield 1.59%
Southwest Airlines statistics
102 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.
Important dates
- Next earnings
- Jan 27, 2027 (estimated, after the close)
- Last ex-dividend date
- Sep 3, 2026
- Fundamentals through
- Sep 30, 2026
- Share price as of
- Nov 12, 2026
Valuation ratiosIndustry
- P/TBV Ratio
- 3.65
- 2.71
- P/OCF Ratio
- 8.04
- 7.09
Enterprise valuationIndustry
- EV / Sales
- 0.77
- 0.88
- EV / EBIT
- 17.62
- 11.13
Share statisticsIndustry
- Shares Change (YoY)
- -9.81%
- 0.54%
- Float
- 460M
- 90M
- Shares Held by Insiders
- 6.13%
- 8.86%
- Shares Held by Institutions
- 92.8%
- 78.2%
Short sellingIndustry
- Short Interest
- 25M
- –
- Short Interest Change
- 5.63%
- -3.33%
- Short % of Float
- 5.36%
- 6.60%
- Short % of Shares Outstanding
- 5.03%
- 4.05%
- Days to Cover
- 3.48
- 3.43
Stock price statisticsIndustry
- 52-Week High
- $55.11
- –
- 52-Week Low
- $31.15
- –
- 20-Day Moving Average
- $43.23
- –
- 50-Day Moving Average
- $41.75
- –
- 200-Day Moving Average
- $43.59
- –
- Average True Range (14)
- $1.68
- –
- Price Change (1 Week)
- 1.78%
- 1.72%
- Price Change (1 Month)
- 15.0%
- 6.66%
- Price Change (3 Months)
- 2.19%
- -9.77%
- Price Change (6 Months)
- 15.0%
- 1.66%
- Price Change (YTD)
- 9.44%
- -12.2%
- Price Change (1 Year)
- 41.4%
- 4.03%
- Price Change (3 Years)
- 95.9%
- 50.7%
- Price Change (5 Years)
- -6.59%
- -18.2%
- Price Change (10 Years)
- 3.17%
- 67.6%
- Average Volume (10 Days)
- 6M
- –
- Average Volume (20 Days)
- 7M
- –
- Average Volume (90 Days)
- 6M
- –
- Relative Volume
- 0.76
- 0.81
- Relative Strength Index (14)
- 57.7
- 53.5
- Volatility (1 Year)
- 44.4%
- 54.5%
- Beta (5 Years)
- 1.00
- 1.08
MarginsIndustry
- Pretax Margin
- 4.29%
- 4.29%
- EBITDA Margin
- 9.36%
- 7.31%
- FCF Margin
- -1.42%
- -0.47%
Returns on capitalIndustry
- Return on Equity (ROE)
- 13.9%
- 13.9%
- Return on Assets (ROA)
- 3.58%
- 0.44%
- Return on Invested Capital (ROIC)
- 11.7%
- 8.41%
- Return on Capital Employed (ROCE)
- 8.24%
- 3.67%
Financial positionIndustry
- Current Ratio
- 0.47
- 0.64
- Quick Ratio
- 0.28
- 0.46
- Debt / Equity
- 0.80
- 0.82
- Debt / EBITDA
- 1.99
- 2.91
- Net Debt / EBITDA
- 0.77
- 1.91
- Interest Coverage
- 5.89
- 0.75
GrowthIndustry
- Revenue Growth (YoY)
- 14.5%
- 9.87%
- Net Income Growth (YoY)
- 177.8%
- -28.9%
- EPS Growth (YoY)
- 217.2%
- -21.3%
- Revenue Growth (3Y CAGR)
- 5.63%
- 6.24%
- Revenue Growth (5Y CAGR)
- 25.4%
- 25.4%
- EPS Growth (3Y CAGR)
- -3.16%
- 17.9%
EfficiencyIndustry
- Asset Turnover
- 1.07
- 0.77
- Revenue Per Employee
- $433.37K
- $433.37K
- Profits Per Employee
- $14.47K
- $4.65K
- Employee Count
- 72,790
- 7,025
- WACC
- 8.62%
- 8.46%
Income statement (TTM)Industry
- Pretax Income
- $1.35B
- $71.79M
Balance sheetIndustry
- Net Cash (Debt)
- -$2.26B
- -$655.91M
- Net Cash Per Share
- -$4.62
- -$4.62
- Equity (Book Value)
- $7.33B
- $52.59M
- Book Value Per Share
- $14.97
- $5.97
- Tangible Book Value
- $6.06B
- $31.89M
- Working Capital
- -$7.23B
- -$97.06M
Cash flow (TTM)Industry
- Capital Expenditures
- -$3.21B
- -$107.82M
- FCF Per Share
- -$0.92
- -$0.07
Dividends and yieldsIndustry
- Earnings Yield
- 4.76%
- 3.34%
- FCF Yield
- -2.03%
- -1.02%
- Dividend Yield
- 1.59%
- –
- Buyback Yield
- 5.87%
- 1.06%
- Shareholder Yield
- 7.46%
- 1.26%
- Dividend Per Share
- $0.72
- –
- Dividend Growth (YoY)
- 0.00%
- –
- Years of Dividend Growth
- 0
- –
- Payout Ratio
- 33.9%
- 31.0%
Taxes and interestIndustry
- Interest Expense
- $235.00M
- $57.00M
- Income Tax
- $301.00M
- $15.79M
- Effective Tax Rate
- 22.2%
- 22.2%
Scores and fair valueIndustry
- Graham Number
- $26.15
- $65.62
- Graham Upside
- -42.2%
- -23.8%
- Altman Z-Score
- 2.24
- 1.09
- Piotroski F-Score
- 6
- 5
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | LUV | S&P 500 | Difference | LUV per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +11.0% | -2.7% | +13.7 pts | ||
| 3 months | +1.0% | -1.7% | +2.8 pts | ||
| Year to date | +10.9% | +11.9% | −1.0 pts | ||
| 1 year | +38.1% | +12.0% | +26.1 pts | ||
| 3 years | +108.2% | +78.2% | +30.0 pts | +27.7% | +21.2% |
| 5 years | +1.7% | +73.2% | −71.5 pts | +0.3% | +11.6% |
| 10 years | +16.8% | +309.6% | −292.9 pts | +1.6% | +15.1% |
Short interest
Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.
25M LUV shares were sold short on Oct 30, 2026, up 5.6% from the previous report, or 5.36% of the shares available to trade. At recent volumes it would take 3.5 days to buy them back. Over the last 20 sessions, 43.6% of the volume reported to FINRA was short selling.
| Settlement date | Shares short | Change | Avg. daily volume | Days to cover |
|---|---|---|---|---|
| Oct 30, 2026 | 24,628,477 | +5.6% | 7,067,473 | 3.5 |
| Oct 15, 2026 | 23,316,242 | -5.0% | 6,143,553 | 3.8 |
| Sep 30, 2026 | 24,543,297 | +11.2% | 7,033,613 | 3.5 |
| Sep 15, 2026 | 22,075,369 | -21.6% | 4,908,286 | 4.5 |
| Aug 31, 2026 | 28,150,523 | +12.3% | 4,391,664 | 6.4 |
| Aug 14, 2026 | 25,062,844 | -23.8% | 4,593,495 | 5.5 |
| Jul 31, 2026 | 32,904,494 | +4.2% | 5,801,770 | 5.7 |
| Jul 15, 2026 | 31,577,502 | +1.3% | 5,140,364 | 6.1 |
| Jun 30, 2026 | 31,162,829 | -2.7% | 8,301,421 | 3.8 |
| Jun 15, 2026 | 32,024,477 | +9.5% | 5,613,521 | 5.7 |
| May 29, 2026 | 29,255,490 | +24.3% | 7,178,435 | 4.1 |
| May 15, 2026 | 23,540,203 | +3.8% | 6,429,384 | 3.7 |
Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.
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