Southwest Airlines

Southwest Airlines

Passenger Airlines
Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated in a single, open-seating cabin configuration in a point-to-point network. In early 2026, Southwest will modify its cabins to offer some rows with extra legroom and will update its ticketing process and merchandising to offer assigned seats and more fare categories, including a basic economy class that will more directly compete with other airlines' offerings and appear for the first time in travel aggregators' search results.

$20.4B

Market Cap • 10/7/2026

1967

(59 years)

Founded

1973

(53 years ago)

IPO

NYSE

Listing Exchange

Flag of United States

United States

Country

S&P500 Participant

Index Composite • 2026

Valuation

P/B

2,9

P/S

0,7

P/EBITDA

7,8

P/OCF

8,1

P/FCF

—

P/E

25,6

BVPS

14,5

EPS

1,6

Market Cap

Market Cap

20,4B

EV

23,5B

EV/Revenue

0,8

EV/EBITDA

9

EV/EBIT

22,6

Payout

Dividend Per Share

0,7

Dividend Yield

1,8%

Buyback Yield

7,3%

Total Yield

9,1%

Dividend Yield 5Y

2%

Payout

44,2%

Retained Earnings

16,7B

Profitability

Gross Margin

67,8%

EBITDA Margin

8,7%

EBIT Margin

3,5%

Net Margin

2,8%

D&A/EBITDA

60,1%

R&D/Revenue

0%

Capex/Revenue

9,9%

Capex/D&A

190,7%

Capex/OCF

118%

SBC/OCF

—

% PPE

71,7%

% Goodwill

3,2%

ROE

11,1%

ROIC

3,3%

Growth

CAGR Revenue 5Y

25%

CAGR OCF 5Y

20,3%

Leverage

N.D./EBITDA

1,2

Debt/Equity

0%

Current Ratio

0,5

Quick Ratio

0,4

Interest Coverage

713%

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