profit from every $100 of sales.
$0$100
Southwest Airlines
$46.48+0.35% today
+45.3% in 1 year
1-year low $31.161-year high $54.80
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $51.59 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Southwest Airlines sold, what it kept, and what it did with the cash.
Sales went from $23.8 billion in 2022 to $28.1 billion in 2025, with $441 million of profit last year.
SalesProfit
Southwest Airlines vs. similar companies
Southwest Airlines grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Southwest Airlines | 51.6× · Expensive | ||
 United Airlines Holdings | 11.5× · Cheap | ||
 Ryanair Holdings | 12.8× · Cheap | ||
 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. | 27.7× · Fair price | ||
 LATAM Airlines Group | 9.6× · Cheap |
Compare Southwest Airlines with Delta Air Lines · United Airlines Holdings
AI analysis
An AI analyst reads Southwest Airlines's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 9,048 | 15,790 | 23,814 | 26,091 | 27,483 | 28,063 | |
| – | – | 4,752 | 4,223 | 4,459 | 4,895 | |
| -3,816 | 1,721 | 1,017 | 224 | 321 | 428 | |
| -2,561 | 2,993 | 2,380 | 2,391 | 2,469 | 2,236 | |
| -3,074 | 977 | 539 | 465 | 465 | 441 | |
| -5.44 | 1.61 | 0.87 | 0.81 | 0.76 | 0.79 | |
| – | – | 20.0% | 16.2% | 16.2% | 17.4% | |
| -42.2% | 10.9% | 4.3% | 0.9% | 1.2% | 1.5% | |
| -34.0% | 6.2% | 2.3% | 1.8% | 1.7% | 1.6% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 34,588 | 36,320 | 35,369 | 36,487 | 33,750 | 29,061 |
| Cash | 11,063 | 12,480 | 9,492 | 9,288 | 7,509 | 3,231 |
| Total debt | 10,381 | 12,310 | 9,431 | 9,200 | 8,058 | 5,981 |
| Total liabilities | – | – | 24,682 | 25,972 | 23,400 | 21,080 |
| 8,876 | 10,414 | 10,687 | 10,515 | 10,350 | 7,981 | |
| 565 | 609 | 642 | 640 | 643 | 558 | |
| -15.7% | 6.0% | 4.0% | 3.5% | 3.5% | 3.8% | |
| -34.6% | 9.4% | 5.0% | 4.4% | 4.5% | 5.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| -1,127 | 2,322 | 3,790 | 3,164 | 462 | 1,842 | |
| 515 | 505 | 3,946 | 3,520 | 2,054 | 2,673 | |
| -1,642 | 1,817 | -156 | -356 | -1,592 | -831 | |
| Dividends paid | 188 | 0 | 0 | 428 | 430 | 399 |
| 451 | 0 | 0 | 0 | 250 | 2,550 | |
| 17 | 58 | 84 | 86 | 45 | 99 |
Valuation
- 51.6×
- –
- –
- 2.9×
- 0.8×
- –
- 11.4×
- -3.7%
- 1.9%
- 1.8%
Profitability
- 17.4%
- 1.5%
- 1.6%
- 9.4%
- 4.3%
- 3.0%
- 10.7%
- 2.8%
- 5.8%
- –
Growth
- +25.4%
- –
- +48.6%
- +32.0%
- −2.3%
Financial health
- 1.3×
- 0.93
- 21.8%
- 8.1×
- 0.48
- 0.41
- 0.98
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 24%of 982
Bottom 10%of 988
Bottom 13%of 870
Top 8%of 985
Bottom 11%of 988
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 22, 2026 | 0.45 | 0.45 | +0.0% |
| Jan 28, 2026 | 0.58 | 0.57 | +2.1% |
| Oct 22, 2025 | 0.11 | -0.04 | +398.7% |
| Jul 23, 2025 | 0.43 | 0.51 | −15.9% |
| Apr 23, 2025 | -0.13 | -0.18 | +29.2% |
| Jan 30, 2025 | 0.56 | 0.46 | +21.3% |
| Oct 24, 2024 | 0.15 | 0.00 | +3,650.0% |
| Jul 25, 2024 | 0.58 | 0.51 | +13.7% |
1.8%of the share price, paid each year
On $1,000 invested$18a year at today's yield, before tax
+32.0%2020 to 2025
Raised–not every year
Paid per share, each year
$0.29 in 2015 → $0.72 in 2025
How safe it looks
90.5% of its profit
Room to growStretchedMore than it earnsNews
Southwest Gas Q3 Earnings PreviewSeeking Alpha · Nov 3, 2026Southwest to debut airport lounges in four cities, with more to comeCNBC · Sep 2, 2026Southwest Airlines (LUV) is Reshaping Operations to Unlock Margin GrowthYahoo Finance · Aug 25, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
27No pass
Benjamin Graham
28No pass
Philip Fisher
30No pass
Peter Lynch
70Pass
Joel Greenblatt
3No pass
Charlie Munger
14No pass
Terry Smith
14No pass
Questions about Southwest Airlines
Is Southwest Airlines a good stock to buy?
A business with weak numbers, but the price is high. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Southwest Airlines AI analysis
What does Southwest Airlines do?
Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. It is in Airlines, Airports & Air Services, based in Dallas, TX, United States, with 73,401 employees.
Does Southwest Airlines pay a dividend?
Yes. At today's price the dividend is 1.8% a year, about 90% of its yearly profit. In 2025 it paid out $399 million in dividends.
Is Southwest Airlines stock halal?
Yes. Southwest Airlines passes our halal screen: its business is permitted and its debt is 26% of its market value, under the 30% limit. How we check
How has Southwest Airlines stock done over the past year?
Up 45.3% over the past twelve months, to $46.48. It traded between $31.16 and $54.80 and is 15.2% below its high.
Who are Southwest Airlines's competitors?
The largest listed companies in the same industry are United Airlines Holdings, Ryanair Holdings, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. and LATAM Airlines Group. The peers table on this page compares their profit, growth and price with Southwest Airlines's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.