Southwest Airlines Co. (LUV) Financial Statements
Historical financial data — 40 statements covering FY2016–FY2025
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 ro...
Southwest Airlines Co.'s revenue increased 2.1% year over year, from $27.48B to $28.06B.
Net income decreased 5.2% over the same period, from $465.0M to $441.0M.
Over the 9-year period from FY2016 to FY2025, revenue grew by 37% in total.
Total debt decreased by 26.8% to $4.90B.
The debt-to-equity ratio stands at 0.61, indicating a moderate leverage profile.
Operating cash flow grew 298.7% to $1.84B.
Southwest Airlines Co. maintains a moderate net profit margin of 1.6%.
Recent Financial Statements
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q2 FY2023 | $12.74B+123.3% | $524.0M | N/A | $511.0M | $2.12B | $36.52B | $8.03B | $10.79B |
| Q3 FY2023 | $19.27B+51.2% | $717.0M | N/A | $628.0M | $2.74B | $36.98B | $8.01B | $11.05B |
| Q1 FY2024 | $6.33B-67.2% | $-231.0M | N/A | $-393.0M | $-104.0M | $36.02B | $8.00B | $10.20B |
| Q3 FY2024 | $20.55B+224.7% | $204.0M | N/A | $43.0M | $-14.0M | $34.85B | $8.01B | $10.41B |
| Q1 FY2025 | $6.43B-68.7% | $-149.0M | N/A | $-223.0M | $860.0M | $33.21B | $6.69B | $9.37B |
| Q2 FY2025 | $13.67B+112.7% | $64.0M | N/A | $2.0M | $1.26B | $28.71B | $4.10B | $8.00B |
| Q3 FY2025 | $20.62B+50.8% | $118.0M | N/A | $37.0M | $1.55B | $28.31B | $4.10B | $7.78B |
| Q1 FY2026 | $7.25B-64.8% | $227.0M | N/A | $330.0M | $1.42B | $29.36B | $5.39B | $6.88B |
Balance Sheet Summary (Latest Period)
Total Assets
$29.06B
Total Liabilities
$21.08B
Total Equity
$7.98B
Cash & Equivalents
$3.23B
Total Debt
$4.90B
Current Assets
$5.64B
Current Liabilities
$10.92B
Retained Earnings
$16.39B