Skip to content
Screener

Southwest Airlines LUV Free cash flow margin

Free cash flow margin at other companies

United Airlines Holdings logo
United Airlines HoldingsUAL
7%+6.0pp
Alaska Air Group logo
Alaska Air GroupALK
4.2%-4.3pp
JetBlue Airways logo
JetBlue AirwaysJBLU
-11.4%-1.0pp
ALG
Allegiant TravelALGT
-5%+3.3pp
Frontier Group Holdings, Inc. logo
Frontier Group Holdings, Inc.ULCC
-3.9%
SkyWest logo
SkyWestSKYW
21.7%+2.2pp

Other financials

Income statement

See full
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

See full
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

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

Valuation

See full
Market cap$22B+40.8%
Enterprise value$25.1B+43.5%
P/E26.3×-13.6×
P/S0.7×+0.2×

Profitability

See full
Operating margin3.5%+2.3pp
Net margin2.8%+1.4pp

Returns & leverage

See full
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 free cash flow margin?
Southwest Airlines (LUV) reported free cash flow margin of -1.5% in Q2 2026.
How has Southwest Airlines's free cash flow margin changed year-over-year?
Southwest Airlines's free cash flow margin decreased by 26.0% year-over-year, from -1.2% to -1.5%.
What is the long-term trend for Southwest Airlines's free cash flow margin?
Over 5 years (2020 to 2025), Southwest Airlines's free cash flow margin has grown at a -29.6% compound annual growth rate (CAGR), from -18.1% to -3.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Ask your AI about Southwest Airlines's free cash flow margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude