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.

$20.8B

Market Cap • 10/30/2026

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

2,8

P/S

0,7

P/EBITDA

7

P/OCF

7,5

P/FCF

—

P/E

20,4

BVPS

15

EPS

2,1

Market Cap

Market Cap

20,8B

EV

24B

EV/Revenue

0,8

EV/EBITDA

8,1

EV/EBIT

17,3

Payout

Dividend Per Share

0,7

Dividend Yield

1,7%

Buyback Yield

6%

Total Yield

7,7%

Dividend Yield 5Y

1,9%

Payout

33,9%

Retained Earnings

16,9B

Profitability

Gross Margin

66,4%

EBITDA Margin

9,4%

EBIT Margin

4,4%

Net Margin

3,3%

D&A/EBITDA

53,1%

R&D/Revenue

0%

Capex/Revenue

10,5%

Capex/D&A

211,2%

Capex/OCF

120,2%

SBC/OCF

—

% PPE

72%

% Goodwill

3,2%

ROE

13,9%

ROIC

4,3%

Growth

CAGR Revenue 5Y

19,9%

CAGR Op. Income 5Y

31,1%

CAGR Net Income 5Y

250,2%

CAGR OCF 5Y

13,3%

Leverage

N.D./EBITDA

1,1

Debt/Equity

0%

Current Ratio

0,5

Quick Ratio

0,4

Interest Coverage

761%

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