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Southwest Airlines Co.
Southwest Airlines Co. Score & Ratio Trend
| Date | Score | P/E | P/B | D/E | Price |
|---|---|---|---|---|---|
| Oct 2026 | 19,347 | 25.9 | 2.88 | 0.97 | 4,023.03 |
| Oct 2026 | 19,450 | 25.5 | 2.82 | 0.97 | 3,902.38 |
| Oct 2026 | 19,950 | 25.4 | 2.81 | 0.97 | 3,871.25 |
| Oct 2026 | 20,115 | 24.6 | 2.72 | 0.97 | 3,735.23 |
| Oct 2026 | 19,927 | 26.3 | 2.82 | 0.97 | 3,877.26 |
| Oct 2026 | 20,095 | 24.7 | 2.73 | 0.97 | 3,741.24 |
| Oct 2026 | 20,183 | 24.2 | 2.68 | 0.97 | 3,678.88 |
| Oct 2026 | 20,076 | 24.8 | 2.74 | 0.97 | 3,759.47 |
| Oct 2026 | 20,047 | 24.9 | 2.75 | 0.97 | 3,771.94 |
| Oct 2026 | 19,782 | 20.5 | 2.90 | 0.97 | 3,967.25 |
| Oct 2026 | 19,853 | 20.4 | 2.88 | 0.94 | 3,957.16 |
Southwest Airlines Co. Quarterly Results
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 8,432,000,000.0 | 7,249,000,000.0 | 7,442,000,000.0 | 6,949,000,000.0 |
| Net Profit | 233,000,000.0 | 227,000,000.0 | 323,000,000.0 | 54,000,000.0 |
| EPS | 0.5 | 0.5 | 0.6 | 0.1 |
Southwest Airlines Co. Revenue & Profit: Last 5 Years
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 28,063,000,000.0 | 27,483,000,000.0 | 26,091,000,000.0 | 23,814,000,000.0 | — |
| Net Profit | 441,000,000.0 | 465,000,000.0 | 465,000,000.0 | 539,000,000.0 | — |
| EPS | 0.8 | 0.8 | 0.8 | 0.9 | — |
Southwest Airlines Co. Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Total Assets | 29,061,000,000.0 | 33,750,000,000.0 | 36,487,000,000.0 | 35,369,000,000.0 | — |
| Total Liabilities | 21,080,000,000.0 | 23,400,000,000.0 | 25,972,000,000.0 | 24,682,000,000.0 | — |
| Total Equity | 7,981,000,000.0 | 10,350,000,000.0 | 10,515,000,000.0 | 10,687,000,000.0 | — |
Owes vs Owns
Southwest Airlines Co. owed $0.76 for every $1 it owned in Jun 2026, up from $0.70 in Dec 2022.
| Period | Jun 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
| Owes vs Owns | 0.76× | 0.73× | 0.69× | 0.71× | 0.70× |
Everything the company owes ÷ everything it owns. Below 1× it owns more than it owes; above 1× it owes more than it owns.
Southwest Airlines Co. Assets & Liabilities Breakdown (USD millions)
What it owns — Dec 2025
Cash & short-term investments 11.1%Receivables 4.0%Inventory 2.7%Fixed assets (tangible) 73.4%Intangible assets 4.4%Long-term investments 1.6%Other assets 2.9%
How it's funded — Dec 2025
Short-term debt 1.1%Long-term debt 15.7%Payables 1.3%Other liabilities 54.3%Shareholders' equity 27.5%
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | 3,231.0 | 8,725.0 | 11,474.0 | 12,292.0 |
| Receivables | 1,149.0 | 1,109.0 | 1,142.0 | 1,006.0 |
| Inventory | 775.0 | 800.0 | 807.0 | 790.0 |
| Fixed assets (tangible) | 21,334.0 | 20,425.0 | 20,598.0 | 18,736.0 |
| Intangible assets | 1,266.0 | 1,270.0 | 1,266.0 | 1,266.0 |
| Long-term investments | 457.0 | 367.0 | 280.0 | 235.0 |
| Other assets | 849.0 | 1,054.0 | 920.0 | 1,044.0 |
| Liabilities & equity | ||||
| Short-term debt | 324.0 | 1,630.0 | 29.0 | 42.0 |
| Long-term debt | 4,577.0 | 5,069.0 | 7,978.0 | 7,899.0 |
| Payables | 389.0 | 339.0 | 265.0 | 277.0 |
| Other liabilities | 15,790.0 | 16,362.0 | 17,700.0 | 16,464.0 |
| Shareholders' equity | 7,981.0 | 10,350.0 | 10,515.0 | 10,687.0 |
| Net tangible assets | 6,715.0 | 9,080.0 | 9,249.0 | 9,421.0 |
Southwest Airlines Co. Cash Flow
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Operating Activities | 1,842,000,000.0 | 462,000,000.0 | 3,164,000,000.0 | 3,790,000,000.0 | — |
| Investing Activities | -1,429,000,000.0 | -261,000,000.0 | -2,932,000,000.0 | -3,746,000,000.0 | — |
| Financing Activities | -4,691,000,000.0 | -1,980,000,000.0 | -436,000,000.0 | -3,032,000,000.0 | — |