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Southwest Airlines LUV Return on equity

Return on equity at other companies

Delta Air Lines logo
Delta Air LinesDAL
20.1%-9.9pp
United Airlines Holdings logo
United Airlines HoldingsUAL
23.3%-4.4pp
Alaska Air Group logo
Alaska Air GroupALK
-4.6%-12.3pp
JetBlue Airways logo
JetBlue AirwaysJBLU
-44.4%-91.9pp
ALG
Allegiant TravelALGT
-25.3%-27.4pp
Frontier Group Holdings, Inc. logo
Frontier Group Holdings, Inc.ULCC
-27.7%-28.9pp

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/E26.3×-13.6×
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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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 return on equity?
Southwest Airlines (LUV) reported return on equity of 11.1% in Q2 2026.
How has Southwest Airlines's return on equity changed year-over-year?
Southwest Airlines's return on equity increased by 161.4% year-over-year, from 4.2% to 11.1%.
What is the long-term trend for Southwest Airlines's return on equity?
Over 4 years (2020 to 2025), Southwest Airlines's return on equity has grown at a -38.1% compound annual growth rate (CAGR), from -32.9% to 4.8%.
What does return on equity mean?
Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

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