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Southwest Airlines LUV Enterprise value

Enterprise value at other companies

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Delta Air LinesDAL
$57.56B+25.8%
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$67.64B+37.9%
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$10.99B-5.2%
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$10.29B+14.0%
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$1.79B+25.3%
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Frontier Group Holdings, Inc.ULCC
$6.1B+18.2%

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$22B+40.8%
P/E26.3×-13.6×
P/S0.7×+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.

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 enterprise value?
Southwest Airlines (LUV) reported enterprise value of $28.23B in Q2 2026.
How has Southwest Airlines's enterprise value changed year-over-year?
Southwest Airlines's enterprise value increased by 41.0% year-over-year, from $20.02B to $28.23B.
What is the long-term trend for Southwest Airlines's enterprise value?
Over 5 years (2020 to 2025), Southwest Airlines's enterprise value has grown at a -3.6% compound annual growth rate (CAGR), from $29.54B to $24.54B.
What does enterprise value mean?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.

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