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Southwest Airlines LUV Market capitalization

Market capitalization at other companies

Delta Air Lines logo
Delta Air LinesDAL
$43.42B+54.2%
United Airlines Holdings logo
United Airlines HoldingsUAL
$29.78B+31.7%

Other financials

Income statement

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Revenue$7.2B+12.8%
Operating income$330.0M+248%
Net income$227.0M+252%
EPS (diluted)$0.45+273%

Balance sheet

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Cash & equivalents$3.3B-59.1%
Total debt$6.4B-20.0%
Total equity$6.9B-26.6%
Total assets$29.4B-11.6%

Cash flow

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Operating cash flow$1.4B+64.9%
CapEx$630.0M+19.5%
Free cash flow$788.0M+137%

Valuation

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Enterprise value$25.87B+8.9%
P/E27.9×-17.1×
P/S0.8×-0.1×

Profitability

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Operating margin3.4%+1.6pp
Net margin2.8%+0.8pp

Returns & leverage

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Return on equity10.1%+4.5pp
Debt / equity0.9×+0.1×
Current ratio0.5×-0.3×

Where this comes from

Computed from the period-end share price: $18.45B.

The official record: Southwest Airlines’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southwest Airlines's market capitalization?
Southwest Airlines (LUV) reported market capitalization of $18.45B in Q1 2026.
How has Southwest Airlines's market capitalization changed year-over-year?
Southwest Airlines's market capitalization decreased by 7.3% year-over-year, from $19.9B to $18.45B.
What is the long-term trend for Southwest Airlines's market capitalization?
Over 4 years (2021 to 2025), Southwest Airlines's market capitalization has grown at a -11.4% compound annual growth rate (CAGR), from $123.37B to $76.19B.
What does market capitalization mean?
What the stock market says the company's equity is worth.
How do you interpret market capitalization?
A size and market-sentiment gauge, not a quality measure — interpret through valuation ratios (P/E, P/S) that relate it to fundamentals.
How does market capitalization compare across companies?
Comparable across companies as a size class; the input to every equity-price valuation multiple.