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EBITDA margin at other companies

Delta Air Lines logo
Delta Air LinesDAL
12.6%-1.0pp
United Airlines Holdings logo
United Airlines HoldingsUAL
13.3%-1.4pp
Alaska Air Group logo
Alaska Air GroupALK
7.1%-2.3pp
JetBlue Airways logo
JetBlue AirwaysJBLU
1.5%-3.6pp
ALG
Allegiant TravelALGT
11.3%+8.6pp
Frontier Group Holdings, Inc. logo
Frontier Group Holdings, Inc.ULCC
-1.9%-4.0pp

Other financials

Income statement

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Revenue$8.4B+16.4%
Operating income$285.0M+26.7%
Net income$233.0M+9.4%
EPS (diluted)$0.47+20.5%

Balance sheet

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Cash & equivalents$3.8B+9.1%
Total debt$6.9B+29.0%
Total equity$7.1B-11.5%
Total assets$30.1B+4.9%

Cash flow

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Operating cash flow$530.0M+32.2%
CapEx$818.0M+23.9%
Free cash flow-$288.0M-11.2%

Valuation

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Market cap$22.96B+47.2%
Enterprise value$26.06B+49.2%
P/E27.4×-12.4×
P/S0.8×+0.2×

Profitability

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Operating margin3.5%+2.3pp
Net margin2.8%+1.4pp
FCF margin-1.5%+0.5pp

Returns & leverage

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Return on equity11.1%+6.9pp
Debt / equity+0.3×
Current ratio0.5×-0.1×

Where this comes from

Calculated from Southwest Airlines’s reported figures.

Based on trailing twelve months.

The source filing: Southwest Airlines’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000092380-26-000077

FAQ

What is Southwest Airlines's EBITDA margin?
Southwest Airlines (LUV) reported EBITDA margin of 8.7% in Q2 2026.
How has Southwest Airlines's EBITDA margin changed year-over-year?
Southwest Airlines's EBITDA margin increased by 21.5% year-over-year, from 7.1% to 8.7%.
What is the long-term trend for Southwest Airlines's EBITDA margin?
Over 3 years (2020 to 2025), Southwest Airlines's EBITDA margin has grown at a -37.0% compound annual growth rate (CAGR), from -28.3% to 7.1%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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