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Southwest Airlines LUV Price / earnings

Price / earnings at other companies

Delta Air Lines logo
Delta Air LinesDAL
15.6×+8.4×
United Airlines Holdings logo
United Airlines HoldingsUAL
12.6×+4.8×
Alaska Air Group logo
Alaska Air GroupALK
57.8×+41.0×
ALG
Allegiant TravelALGT
22×-3.0×
Frontier Group Holdings, Inc. logo
Frontier Group Holdings, Inc.ULCC
14.5×
SkyWest logo
SkyWestSKYW
9.6×-0.3×

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/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.

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 price / earnings?
Southwest Airlines (LUV) reported price / earnings of 30× in Q2 2026.
How has Southwest Airlines's price / earnings changed year-over-year?
Southwest Airlines's price / earnings decreased by 35.2% year-over-year, from 46.3× to 30×.
What is the long-term trend for Southwest Airlines's price / earnings?
Over 3 years (2021 to 2025), Southwest Airlines's price / earnings has grown at a 53.4% compound annual growth rate (CAGR), from 13.4× to 48.5×.
What does price / earnings mean?
Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

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