Inside the research
Southwest Airlines Co.
LUV Research profile · latest available data
Price overview
$42.68
▲ +1.13 (+2.7%)
| 52w hi | $54.07 |
|---|---|
| 52w lo | $29.15 |
| Vol | 6.98M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.30
| Short | -0.33 |
|---|---|
| Medium | -0.39 |
| Long | -0.04 |
computed 2026-09-27
Key fundamentals
Southwest Airlines Co.
Industrials · Airlines
| Market cap | $20.88B |
|---|---|
| Enterprise value | $23.98B |
| Trailing P/E | 26.68x |
| Forward P/E | 9.06x |
| EV / EBITDA | 10.26x |
| P / S (ttm) | 0.69x |
| Profit margin | 2.8% |
| Return on equity | 11.1% |
| Revenue growth | +16.4% |
| Earnings growth | +20.5% |
| Debt / equity | 97.28 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.29 | |
| Sector | -0.01 | |
| Technical | -0.41 | |
| Earnings | +0.00 | |
| Sentiment | +0.21 |
macro × 1.00 · 2026-09-27
Business overview
Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and internationally. It also provides Rapid Rewards loyalty program; SWABIZ, an online booking tool; and inflight entertainment platform that includes movies-on-demand live and on-demand television, flight tracker, and additional curated content, as well as a variety of premium snacks and coffee. In addition, the company offers ancillary services, such as in-flight purchases, baggage fees, EarlyBird Check-In, and upgraded boarding, as well as transportation of pets and unaccompanied minors. As of December 31, 2025, the company operated a total fleet of 803 Boeing 737 aircraft; and served 117 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas.
Risk Metrics
| Beta vs SPX | 1.40 |
|---|---|
| Corr SPX | 0.53 |
| Annual vol | 42.6% |
| Annual ret | +28.2% |
| Sharpe | 0.66 |
| Max DD | -33.8% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $45.25 |
|---|---|
| High / Low | $60.00 / $30.00 |
| Median | $45.00 |
| Analysts | 23 |
| Strong Buy | 4 | |
|---|---|---|
| Buy | 7 | |
| Hold | 10 | |
| Sell | 2 | |
| Strong Sell | 2 |
Recent rating actions
| 2026-04-27 | Jefferies | → Hold |
| 2026-04-24 | HSBC | → Hold |
| 2026-04-24 | Evercore ISI Group | → In-Line |
| 2026-03-26 | Freedom Broker | → Buy |
| 2026-03-23 | UBS | → Buy |
| 2026-03-20 | Citigroup | → Neutral |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-12 | Material Agreement, Termination of Agreement… | read |
| 2026-08-10 | Officer / Director Change | read |
| 2026-08-07 | Officer / Director Change | read |
| 2026-07-22 | Earnings Release, Exhibits | read |
| 2026-05-19 | Material Agreement, Material Obligation | read |
| 2026-05-11 | Shareholder Vote | read |
| 2026-04-22 | Earnings Release, Exhibits | read |
| 2026-03-12 | Material Agreement, Material Obligation | read |
| 2026-02-10 | Officer / Director Change | read |
| 2026-01-28 | Earnings Release, Exhibits | read |
| 2025-12-05 | Reg FD Disclosure | read |
| 2025-11-03 | Material Agreement, Material Obligation… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-10 | Liberty Jason T | Grant | 3.79K | — | |
| 2026-08-10 | Krishna Varun | Grant | 3.79K | — | |
| 2026-08-05 | Roach Anthony | Chief Customer & Brand Of | Grant | 9.51K | — |
| 2026-08-05 | Woods Lauren Tauscher | EVP & CIO | Grant | 7.60K | — |
| 2026-08-05 | Jordan Robert E | CEO & President | Grant | 28.32K | — |
| 2026-08-05 | Doxey Tom | EVP, Chief Financial Offi | Grant | 6.32K | — |
| 2026-08-05 | Watterson Andrew M | Chief Operating Officer | Grant | 3.00K | — |
| 2026-08-05 | Jones Justin | EVP & Chief Commercial Of | Grant | 8.57K | — |
| 2026-05-07 | BROOKS DOUGLAS H | Grant | 4.11K | — | |
| 2026-05-07 | Breber Pierre R | Grant | 4.11K | — |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 0 |
| Top-5 share | 0.0% |
| HHI | 0 (—) |
Dividends
| Yield (TTM) | 0.84% |
|---|---|
| $ / share (TTM) | $0.36 |
| 5y CAGR | +32.0% |
Annual dividend per share
| 2019 | $0.70 |
|---|---|
| 2020 | $0.18 |
| 2023 | $0.90 |
| 2024 | $0.72 |
| 2025 | $0.72 |
| 2026 | $0.18 |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $26.09B | +5.9% | |
| Operating income | $224.00M | -8.1% | |
| Net income | $441.00M | +11.3% | |
| Cash from ops | $3.16B | +5.2% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $42.19 | $42.77 | $41.19 | $42.68 | 6.98M |
| Sep 24 | $40.74 | $41.86 | $40.45 | $41.55 | 6.02M |
| Sep 23 | $41.55 | $41.79 | $40.99 | $41.04 | 5.66M |
| Sep 22 | $42.75 | $43.20 | $41.63 | $42.08 | 7.72M |
| Sep 21 | $41.68 | $41.78 | $40.93 | $41.77 | 6.33M |
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