$48.69
+0.72%
N/A+$0.35
Industrials
Airlines, Airports & Air Services
NYSE
Active Trading
Southwest Airlines Co. functions as a passenger airline, offering scheduled air travel services predominantly across the United States and to select neighboring ...
Financial highlights
Latest / TTM · 6 periods
Snapshot
Latest / TTM: 2026-07-22
Gross Margin
—
Net Margin
—
P/E Ratio
—
Debt / Equity
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Profitability
Profitability table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Gross MarginGross profit as a percentage of revenue. | 26.1% | 20.0% | 16.2% | 16.2% | 17.4% | — |
| Operating MarginOperating income as a percentage of revenue. | 10.9% | 4.3% | 0.9% | 1.2% | 1.5% | — |
| Net MarginNet income as a percentage of revenue. | 6.2% | 2.3% | 1.8% | 1.7% | 1.6% | — |
| EBITDA MarginEBITDA divided by revenue. | 19.2% | 10.0% | 9.2% | 9.0% | 8.0% | — |
| Pre-tax MarginPre-tax profit as a percentage of revenue. | 8.4% | 3.1% | 2.4% | 2.2% | 2.0% | — |
Liquidity & leverage
Liquidity & leverage table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Current RatioCurrent assets divided by current liabilities. | 1.97 | 1.43 | 1.14 | 0.92 | 0.52 | — |
| Quick RatioLiquid assets divided by current liabilities. | 1.91 | 1.35 | 1.07 | 0.85 | 0.45 | — |
| Cash RatioCash and equivalents divided by current liabilities. | 1.36 | 0.91 | 0.76 | 0.61 | 0.26 | — |
| Debt / AssetsDebt as a share of total assets. | 33.8% | 26.8% | 25.2% | 23.9% | 20.6% | — |
| Debt / EquityDebt compared with shareholder equity. | 1.18 | 0.89 | 0.87 | 0.78 | 0.75 | — |
Operating efficiency
Operating efficiency table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Receivables TurnoverHow often receivables are collected in a year. | 11.64x | 22.90x | 22.61x | 24.76x | 24.42x | — |
| Inventory TurnoverHow often inventory is sold in a year. | 21.74x | 24.13x | 27.10x | 28.78x | 29.89x | — |
| Payables TurnoverHow often payables are paid in a year. | 74.84x | 68.82x | 82.52x | 67.92x | 59.56x | — |
| Asset TurnoverRevenue generated per dollar of assets. | 0.43x | 0.67x | 0.72x | 0.81x | 0.97x | — |
| Working Capital TurnoverRevenue generated per dollar of working capital. | 1.91x | 3.58x | 8.51x | 78.86x | -8.94x | — |
Valuation ratios
Valuation ratios table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| P/E RatioPrice paid for each dollar of earnings. | 25.96x | 37.00x | 35.65x | 41.51x | 50.40x | — |
| P/B RatioPrice paid for each dollar of book value. | 2.44x | 1.87x | 1.63x | 1.94x | 2.80x | — |
| P/S RatioPrice paid for each dollar of sales. | 1.61x | 0.84x | 0.66x | 0.73x | 0.80x | — |
| P/FCF RatioPrice paid for each dollar of free cash flow. | 14.00x | -127.99x | -48.27x | -12.43x | -26.86x | — |
| Dividend YieldAnnual dividend divided by current share price. | 0.0% | 0.0% | 2.5% | 2.1% | 1.8% | — |