TICKVALE
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NYSE · CIK 0000092380 · AIR TRANSPORTATION, SCHEDULED

SOUTHWEST AIRLINES CO.

LUV chart by TradingView
P/E 30.3xP/B 3.6xP/SALES 0.8xEV/EBITDA FCF YIELD -1.60%

PRICE HISTORY

LIVE · NYSE
LUV chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$28.1B
EBITDA
$2.0B
FREE CASH FLOW
$-0.8B
EPS
$0.79
GROSS MARGIN
ROIC
4.56%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

30.3x
+181%
LATEST · Q2 FY26
30.3xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
8.5x15609.0x

P / SALES (TTM)

0.8x
-30%
LATEST · Q2 FY26
0.8xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.6x5.4x

P / BOOK

3.6x
+19%
LATEST · Q2 FY26
3.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.6x4.4x

EV / EBITDA (TTM)

+39%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
8.5x11.8x

EV / REVENUE (TTM)

-1%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.7x0.8x

FCF YIELD (TTM)

-1.60%
-8.7pp
LATEST · Q2 FY26
-1.60%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-10.62%11.60%

DIVIDEND YIELD (TTM)

1.40%
+0.5pp
LATEST · Q2 FY26
1.40%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.68%2.52%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$8.4B
+64%
LATEST · Q2 FY26
8.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$0.7B
-32%
LATEST · Q2 FY26
0.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$0.2B
-40%
LATEST · Q2 FY26
0.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$0.47
-24%
LATEST · Q2 FY26
0.47Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

16.40%
+19.8pp
LATEST · Q2 FY26
16.40%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-82.94%297.62%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

-3.43%
-11.1pp
LATEST · Q2 FY26
-3.43%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-63.58%77.88%

RETURN ON CAPITAL

-1.2pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.56%5.80%

RETURN ON EQUITY (TTM)

11.82%
-16.2pp
LATEST · Q2 FY26
11.82%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-34.63%36.19%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN3.38%
NET MARGIN2.76%
FCF MARGIN-3.43%
96.8539.94-16.96-73.87-130.77OPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$-0.3B
-174%
LATEST · Q2 FY26
-0.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.8B
+76%
LATEST · Q2 FY26
0.8BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.49B
-21%
LATEST · Q2 FY26
0.49BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

$0.18
+80%
LATEST · Q2 FY26
0.18Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$3.8B
+93%
LATEST · Q2 FY26
3.8BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

-39%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

-27%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.5x4.6x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 90.05%INSIDERS 1.00%OTHER / RETAIL 8.95%1,166 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Primecap Management Company9.62%47.1M$2.21B-0.7%
Franklin Resources, Inc.9.07%44.4M$2.09B+10.4%
Vanguard Capital Management LLC6.47%31.6M$1.49BNEW
Elliott Investment Management L.P.6.20%30.3M$1.43B-40.6%
State Street Corporation6.03%29.5M$1.39B-5.5%
Blackrock Inc.5.84%28.6M$1.34B-2.3%
Vanguard Portfolio Management LLC4.73%23.1M$1.09BNEW
Price (T.Rowe) Associates Inc2.84%13.9M$653.7M-19.1%
Geode Capital Management, LLC2.65%13.0M$610.5M+0.6%
Ameriprise Financial, Inc.2.04%10.0M$469.8M+2.5%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.