Southwest Airlines Co. (LUV) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI

Southwest Airlines Co. (LUV) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI | MarketCI

LUV

Market Closed

Southwest Airlines Co.

NYSEIndustrials Airlines, Airports & Air Services

71.51K employees

CEO: Robert E. Jordan

Founded: 1980

$47.97

+$0.00(+NaN%)

Market Cap

23.45B

Beta

1.16

52W Range

N/A

Dividend Yield

1.50%

Overview Forecasts Fundamental Market Sentiment Valuation Ownership

Financial Statements

Comprehensive breakdown of financial statements and performance metrics

Gross Margin

17.4%

9.8%

CAGR: 4.4%

Profit after direct costs

Operating Margin

1.5%

33.3%

CAGR: -29.4%

Core business profitability

Net Margin

1.6%

-5.2%

CAGR: -18.0%

Bottom line profitability

Revenue Growth

2.1%

YoY

CAGR: 15.5%

Top line growth rate

Revenue Flow Analysis

Visual flow showing how LUV allocates revenue across expenses and profit

Fiscal Year 2025

Revenue Distribution

Flow of revenue through cost categories to net income

Gross Margin

17.4%

$4.89B

Operating Margin

1.5%

$428.00M

Net Margin

1.6%

$441.00M

Detailed Income Statement

Complete profit and loss breakdown with margin analysis and historical comparison

Item	2021	2022	2023	2024	2025	YoY Change
Total Revenue	15.79B	23.81B	26.09B	27.48B	28.06B	2.1%
Cost of Revenue	(11.68B)	(19.06B)	(21.87B)	(23.02B)	(23.17B)	0.6%
Gross Profit	4.12B	4.75B	4.22B	4.46B	4.89B	9.8%
Operating Expenses
Research & Development	—	—	—	—	—	—
Selling, General & Administrative	(185.00M)	(224.00M)	(266.00M)	(346.00M)	(4.47B)	1191.0%
Depreciation & Amortization	(1.27B)	(1.35B)	(1.52B)	(1.66B)	(1.56B)	-5.9%
Operating Income (EBIT)	1.72B	1.02B	224.00M	321.00M	428.00M	33.3%
Non-Operating Items
Interest Income	13.00M	217.00M	583.00M	497.00M	205.00M	-58.8%
Interest Expense	(431.00M)	(301.00M)	(236.00M)	(214.00M)	(113.00M)	-47.2%
Other Income/Expenses (Net)	-396.00M	-289.00M	409.00M	277.00M	135.00M	-51.3%
Income Before Tax	1.32B	728.00M	633.00M	598.00M	563.00M	-5.9%
Income Tax Expense	(348.00M)	(189.00M)	(168.00M)	(133.00M)	(122.00M)	-8.3%
Net Income	977.00M	539.00M	465.00M	465.00M	441.00M	-5.2%
Per Share Metrics
Earnings Per Share (Basic)	$2	$1	$1	$1	$1	1.2%
Weighted Avg Shares Outstanding	592.00M	593.00M	595.00M	598.00M	540.00M	-9.7%
Weighted Avg Shares Outstanding (Diluted)	609.00M	642.00M	640.00M	643.00M	558.00M	-13.2%
EBITDA	3.03B	2.38B	2.39B	2.47B	2.24B	-9.4%

Explore LUV

Overview

Key metrics and AI-powered insights

Forecast

Price targets and earnings estimates

Fundamentals

Income, balance sheet and cash flow

Valuation

P/E, DCF and valuation multiples

Ownership

Institutional and insider holdings

Sentiment

Analyst ratings and news sentiment

LUV in the Industrials

Large Cap

Industrials

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Airlines, Airports & Air Services

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