Southwest Airlines LUV Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Operating margin | 5.6%— | —— | —— | —— | |
| Net margin | 6.4%— | —— | —— | 27%+73.0pp | |
| EBITDA margin | 28.9%— | —— | —— | —— | |
| Free cash flow margin | -7.4%+14.4pp | -21.7%-7.0pp | -14.7%-31.2pp | 16.4%-2.7pp | |
| Returns | |||||
| Return on equity | 18.8%— | —— | —— | 55.1%+82.6pp | |
| Return on assets | 5.4%— | —— | —— | 15.3%+23.5pp | |
| Return on invested capital | 11.2%— | —— | —— | —— | |
| Efficiency | |||||
| Asset turnover | 3.4×+0.4× | 3×+0.3× | 2.8×+0.4× | 2.3×+1.1× | |
| Liquidity | |||||
| Current ratio | 2.3×-1.5× | 3.8×-1.1× | 4.9×-1.7× | 6.5×-1.0× | |
| Quick ratio | 2.3×-1.5× | 3.8×-1.1× | 4.9×-1.7× | 6.5×-1.0× | |
| Cash ratio | 1.5×-1.0× | 2.5×-0.6× | 3.1×-1.3× | 4.3×-1.0× | |
| Leverage | |||||
| Debt-to-equity | 3×-0.6× | 3.6×+0.1× | 3.5×-0.6× | 4.1×-1.2× | |
| Debt-to-assets | 0.8×-0.2× | 1.1×0.0× | 1×-0.2× | 1.2×-0.2× | |
| Net debt / EBITDA | 3.7×— | —— | —— | —— | |
| Interest coverage | 8×— | —— | —— | —— | |
| Valuation | |||||
| Market capitalization | $76.19B+5.1% | $72.48B-2.4% | $74.29B-14.5% | $86.84B-29.6% | |
| Enterprise value | $83.44B+8.2% | $77.1B+2.4% | $75.31B-11.0% | $84.61B-31.7% | |
| Price / earnings | 175.5×— | —— | —— | 77×— | |
| Price / sales | 2.8×+0.1× | 2.7×-0.3× | 2.9×-1.2× | 4.1×-8.3× | |
| Price / book | 9.2×+2.2× | 7×0.0× | 7×-1.1× | 8.1×-4.5× | |
| EV / EBITDA | 41.8×— | —— | —— | —— | |
| EV / sales | 3×+0.2× | 2.8×-0.1× | 3×-1.0× | 4×-8.5× | |
| Free cash flow yield | -10.4%+22.3pp | -32.7%-13.2pp | -19.5%-33.3pp | 13.8%+2.5pp | |
| Earnings yield | 9.2%— | —— | —— | 26.6%+32.2pp | |
| Dividend yield | 8.2%-1.3pp | 9.5%+2.3pp | 7.2%— | 0%— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Southwest Airlines's ratios come from?
- Every ratio is computed from Southwest Airlines's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
