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Southwest Airlines LUV EV / EBITDA

EV / EBITDA at other companies

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7×+1.6×
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6.5×+1.2×
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9.9×+0.5×
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234.8×—

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%
Enterprise value$25.1B+43.5%
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 / equity1×+0.3×
Current ratio0.5×-0.1×

Where this comes from

Calculated from Southwest Airlines’s reported figures.

enterprise value/ebitda=10.8×

Based on the most recent quarter.

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 EV / EBITDA?
Southwest Airlines (LUV) reported EV / EBITDA of 10.8× in Q2 2026.
How has Southwest Airlines's EV / EBITDA changed year-over-year?
Southwest Airlines's EV / EBITDA increased by 6.0% year-over-year, from 10.2× to 10.8×.
What is the long-term trend for Southwest Airlines's EV / EBITDA?
Over 2 years (2021 to 2025), Southwest Airlines's EV / EBITDA has grown at a 19.0% compound annual growth rate (CAGR), from 8.7× to 12.3×.
What does EV / EBITDA mean?
Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

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