Southwest Airlines Co
Southwest Airlines Co (LUV) is listed on NYSE and classified in Airlines, part of the Industrials sector. It is headquartered in Dallas, United States and has 73,456 employees. The company is worth $20.56B and trades at 20.5x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $28.06B in fiscal 2025, up 2.1% from the year before. Net income was $441M. The share price is 23.7% below its 52-week high of $55.11. It pays a dividend yielding 1.71%. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Paul Singer (Elliott Investment Management), at $1.25B. In that quarter, 3 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -11.0% over 5Y.
today you would have $910.01▼ -9.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $41.33 | $33.62 | $28.88 | $33.67 | $42.84 | $46.61 | $53.98 | $46.48 | $65.45 | $49.84 | $43.06 | $42.32 | $18.84 | $10.24 | $8.56 | $12.98 | $11.43 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 24.3 among peers in the sector.
Median P/E of 23.5 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| NVTnVent Electric plc | $127.67 | 40.5x | 5.2x | 0.66% | 15.75% | $20.66B |
| JBHTHunt J B Transport Services Inc | $230.59 | 32.5x | 5.9x | 0.78% | 18.77% | $21.66B |
| EFXEquifax Inc | $187.14 | 28.4x | 4.9x | 1.20% | 15.44% | $21.99B |
| ATIATI Inc | $161.84 |
| $8.62 |
| $12.20 |
| P/E | 23.5x | 52.3x | 44.2x | 38.0x | 38.7x | 26.6x | — | 12.6x | 10.8x | 11.8x | 14.4x | 13.2x | 25.8x | 17.9x | 18.3x | 37.2x | 21.3x | 87.9x | 35.9x | 14.5x |
| P/S | 0.8x | 0.7x | 0.7x | 0.7x | 0.8x | 1.6x | 3.0x | 1.2x | 1.2x | 1.8x | 1.5x | 1.4x | 1.5x | 0.7x | 0.5x | 0.4x | 0.8x | 0.8x | 0.0x | 0.0x |
| P/B | 1.9x | 2.5x | 1.9x | 1.6x | 1.9x | 2.4x | 3.1x | 2.8x | 2.6x | 4.0x | 3.9x | 4.1x | 4.2x | 1.8x | 1.1x | 1.0x | 1.6x | 1.6x | 0.0x | 0.0x |
| EPS | $0.79 | $0.76 | $0.76 | $0.87 | $1.61 | -$5.44 | $4.27 | $4.29 | $5.57 | $3.45 | $3.27 | $1.64 | $1.05 | $0.56 | $0.23 | $0.61 | $0.13 | $0.24 | $0.84 |
| Dividend yield | 0.66% | 1.74% | 2.14% | 3.12% | — | — | 0.39% | 1.30% | 1.30% | 0.73% | 0.75% | 0.66% | 0.52% | 0.69% | 0.34% | 0.23% | 0.15% | 0.17% | 0.23% | 0.16% |
| Payout | 11.63% | 91.14% | 94.74% | 118.42% | — | — | — | 16.39% | 14.10% | 8.53% | 10.87% | 8.72% | 13.41% | 12.38% | 6.25% | 8.70% | 3.28% | 15.38% | 8.33% | 2.38% |
| Profit margin | 3.79% | 1.57% | 1.69% | 1.78% | 2.26% | 6.19% | -33.97% | 10.26% | 11.22% | 15.86% | 10.69% | 11.00% | 6.11% | 4.26% | 2.46% | 1.14% | 3.79% | 0.96% | 1.61% | 6.54% |
| ROE | 7.36% | 5.53% | 4.49% | 4.42% | 5.04% | 9.38% | -34.63% | 23.39% | 25.02% | 34.82% | 28.04% | 32.25% | 16.77% | 10.28% | 6.02% | 2.59% | 7.36% | 1.82% | 3.60% | 9.31% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 8.0% a year against a 9.8% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
+7.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 53.1x |
| 11.7x |
| 0.00% |
| 25.36% |
| $22.04B |
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