LUV
Southwest Airlines Company
NYSE: LUV · INDUSTRIALS · AIRLINES
$37.22
-2.08% today
Updated 2026-04-29
Market cap
$18.19B
P/E ratio
24.81
P/S ratio
0.63x
EPS (TTM)
$1.50
Dividend yield
1.89%
52W range
$28 – $55
Volume
9.0M
Southwest Airlines Company (LUV) Financial statements
SEC filings — annual and quarterly data.
Profit margin
2.83%
Operating margin
4.55%
ROE
10.10%
ROA
1.94%
Debt/equity
0.75x
Margin trends — annual
Gross margin Operating margin Profit margin
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $9.09B | $499.00M | 42.35% | 10.28% | 5.49% |
| 2007 | $9.86B | $645.00M | 73.73% | 8.02% | 6.54% |
| 2008 | $11.02B | $178.00M | 67.18% | 4.07% | 1.61% |
| 2009 | $10.35B | $99.00M | 54.91% | 2.53% | 0.96% |
| 2010 | $12.10B | $459.00M | 19.94% | 8.16% | 3.79% |
| 2011 | $15.66B | $178.00M | 17.28% | 4.43% | 1.14% |
| 2012 | $17.09B | $421.00M | 16.65% | 3.65% | 2.46% |
| 2013 | $17.70B | $754.00M | 19.72% | 7.22% | 4.26% |
| 2014 | $18.61B | $1.14B | 24.49% | 11.96% | 6.11% |
| 2015 | $19.82B | $2.18B | 32.28% | 20.77% | 11.00% |
| 2016 | $20.43B | $2.24B | 30.48% | 17.24% | 10.99% |
| 2017 | $21.17B | $3.49B | 29.54% | 16.09% | 16.48% |
| 2018 | $21.96B | $2.46B | 27.58% | 14.60% | 11.22% |
| 2019 | $22.43B | $2.30B | 26.68% | 13.18% | 10.26% |
| 2020 | $9.05B | $-3.07B | -20.89% | -42.18% | -33.97% |
| 2021 | $15.79B | $977.00M | 26.06% | 10.90% | 6.19% |
| 2022 | $23.81B | $539.00M | 19.95% | 4.27% | 2.26% |
| 2023 | $26.09B | $465.00M | 16.19% | 0.86% | 1.78% |
| 2024 | $27.48B | $465.00M | 16.22% | 1.17% | 1.69% |
| 2025 | $28.06B | $441.00M | 17.44% | 1.53% | 1.57% |