Southwest Airlines LUV Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 7.2%— | 5.6%— | 5.2%— | —— | —— | |
| Net margin | 7.2%— | 6.4%— | 6.5%— | —— | —— | |
| Returns | ||||||
| Return on equity | 23.3%— | 18.8%— | 18.4%— | —— | —— | |
| Return on invested capital | 15.5%— | 11.2%— | 10.6%— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 3.5×+0.5× | 3.4×+0.4× | 3.3×+0.3× | 3.2×+0.3× | 3.1×+0.2× | |
| Liquidity | ||||||
| Current ratio | 2×-1.4× | 2.3×-1.5× | 2.7×-1.3× | 3.1×-1.2× | 3.5×-1.2× | |
| Leverage | ||||||
| Debt-to-equity | 3.1×-0.5× | 3×-0.6× | 3.1×-0.4× | 3.3×-0.2× | 3.5×+0.1× | |
| Net debt / EBITDA | 5×— | 3.7×— | 3.3×— | —— | —— | |
| Valuation | ||||||
| Market capitalization | $74.74B-0.3% | $76.19B+5.1% | $74.98B+7.8% | $75.97B+11.9% | $74.95B+3.6% | |
| Price / earnings | 161.6×— | 175.5×— | 170.4×— | —— | —— | |
| Price / sales | 2.7×-0.1× | 2.8×+0.1× | 2.7×+0.1× | 2.8×+0.2× | 2.7×-0.1× | |
| Price / book | 9.8×+2.4× | 9.2×+2.2× | 8.5×+1.8× | 8×+1.6× | 7.4×+0.6× | |
| EV / EBITDA | 41×— | 41.8×— | 40.8×— | —— | —— | |
| Dividend yield | 8.7%0.0pp | 8.2%-1.3pp | 8.5%-1.4pp | 8.5%-1.6pp | 8.7%+0.1pp |
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.
