SOUTHWEST AIRLINES CO
LUV Industrials · TransportationEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
▲+30 over range · as of 2026-06-30
Revenue +16.4% YoY, earnings +9.4% YoY · sector avg 71
▲+5 over range · as of 2026-06-30
2.8% net margin, 12% return on equity, -1% free-cash-flow margin, profitable in 7 of last 8 quarters · sector avg 49
▼−5 over range · as of 2026-06-30
Net debt 0.8x EBITDA, 4x interest coverage, 0.5x current ratio · sector avg 68
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $8.4B +16.3% Gross margin — — Operating margin 3.4% −1.2pp Net margin 2.8% −0.4pp Net income $233.0M +2.6%Filings
24-09 → 26-06 · following the period bar 3 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | no filing | no filing | 10-Q Q3 2024 | 10-K FY 2024 |
Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 24-09 | 2024-09-30 | $6.9B |
| 24-12 | 2024-12-31 | $6.9B |
| 25-03 | 2025-03-31 | $6.4B |
| 25-06 | 2025-06-30 | $7.2B |
| 25-09 | 2025-09-30 | $6.9B |
| 25-12 | 2025-12-31 | $7.4B |
| 26-03 | 2026-03-31 | $7.2B |
| 26-06 | 2026-06-30 | $8.4B |
| Period | Period end | Net income |
|---|---|---|
| 24-09 | 2024-09-30 | $67.0M |
| 24-12 | 2024-12-31 | $262.0M |
| 25-03 | 2025-03-31 | -$149.0M |
| 25-06 | 2025-06-30 | $213.0M |
| 25-09 | 2025-09-30 | $54.0M |
| 25-12 | 2025-12-31 | $323.0M |
| 26-03 | 2026-03-31 | $227.0M |
| 26-06 | 2026-06-30 | $233.0M |
| Period | Period end | Operating income |
|---|---|---|
| 24-09 | 2024-09-30 | $38.0M |
| 24-12 | 2024-12-31 | $278.0M |
| 25-03 | 2025-03-31 | -$223.0M |
| 25-06 | 2025-06-30 | $225.0M |
| 25-09 | 2025-09-30 | $35.0M |
| 25-12 | 2025-12-31 | $391.0M |
| 26-03 | 2026-03-31 | $330.0M |
| 26-06 | 2026-06-30 | $285.0M |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 24-09 | 2024-09-30 | 27 | 3 | 38 |
| 24-12 | 2024-12-31 | 65 | 5 | 44 |
| 25-03 | 2025-03-31 | 60 | 2 | 35 |
| 25-06 | 2025-06-30 | 12 | 3 | 36 |
| 25-09 | 2025-09-30 | 22 | 3 | 33 |
| 25-12 | 2025-12-31 | 63 | 6 | 47 |
| 26-03 | 2026-03-31 | 84 | 10 | 42 |
| 26-06 | 2026-06-30 | 57 | 9 | 33 |