NYSE · AIR TRANSPORTATION, SCHEDULED · LARGE CAP
Southwest Airlines Co. LUV
19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$28.1B
▲ 2.1% vs FY2024
EPS · FY25
$0.79
Dividend / sh · FY25
$0.72
Payout · FY25
90%
ROE · FY25
4.8%
Net margin · FY25
1.6%
Dividend coverage
1.1×
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Result
USD 28.1B
Revenue, FY2025 · full 19-year series below
Revenue
Net income
2 cents of every revenue dollar became profit this year.
Per share
USD 0.79
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 1.1 times — the rest stayed in the company.
Profitability
4.8%
Return on equity, FY2025
ROE
Operating margin1.5%
Net margin1.6%
Return on assets1.4%
Each USD of equity produced 5 cents of profit this year.
Returned to shareholders
USD 2.9B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 399.0M
Net buybacksUSD 2.5B
Share of profit668.7%
Consecutive raises—
USD 399.0M in dividends and USD 2.5B in buybacks — 669% of the year's profit, so the payout drew on cash built up earlier.
Growth
+25.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.6%
+25.4%
+3.5%
+5.8%
Net income
−6.5%
−14.8%
−0.3%
EPS, diluted
−3.2%
−13.2%
+1.7%
Dividend / share
+58.7%
+32.0%
+9.7%
+27.9%
Returned to shareholders
+73.4%
+8.0%
+43.6%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years—
Change, 10 years—
A share split breaks the comparison across the period, so we leave it out.
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Balance sheet
USD 29.1B
total assets, end of FY2025
Total assetsUSD 29.1B
EquityUSD 8.0B
CashUSD 3.2B
Gross debtUSD 4.9B
Net debtUSD 1.7B
Current ratio0.52×
Net debt stands at 21% of equity.
History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
28.1
27.5
26.1
23.8
15.8
9.0
22.4
22.0
21.1
20.3
19.8
18.6
17.7
17.1
15.7
12.1
10.3
11.0
9.9
Operating income $B
0.4
0.3
0.2
1.0
1.7
−3.8
3.0
3.2
3.4
3.5
4.1
2.2
1.3
0.6
0.7
1.0
0.3
0.4
0.8
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.1
0.1
0.2
0.2
0.3
−1.2
0.7
0.7
−0.1
1.3
1.3
0.7
0.5
0.3
0.1
0.3
0.1
0.1
0.4
Net income $B
0.4
0.5
0.5
0.5
1.0
−3.1
2.3
2.5
3.4
2.2
2.2
1.1
0.8
0.4
0.2
0.5
0.1
0.2
0.6
EPS, diluted $
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 / sh $
0.72
0.72
0.72
0.18
·
0.18
0.70
0.60
0.47
0.38
0.28
0.22
0.13
0.03
0.02
0.02
0.02
0.02
0.07
Payout %
90
92
92
0
0
−6
16
13
8
10
8
12
9
5
8
3
13
7
2
ROE %
4.8
4.5
4.4
5.1
10.1
−32.9
23.4
25.3
38.5
30.0
32.2
16.1
10.5
6.1
2.7
7.9
1.9
3.0
9.3
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
55 of 55
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed