LU
SOUTHWEST AIRLINES CO
LUV Industrials · Transportation
Latest period 2026-06-30 · 43 filings on record
SHOWING
Trailing twelve months — each point sums the four quarters ending there.
Ranked against Industrials · 69 peers
Each 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.
Growth
57th pct
▲+27 over range · as of 2026-06-30
Revenue +16.4% YoY, earnings +9.4% YoY · sector avg 71
Quality
9th pct
▲+4 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
Safety
33rd pct
▼−15 over range · as of 2026-06-30
Net debt 0.8x EBITDA, 4x interest coverage, 0.5x current ratio · sector avg 68
OVERVIEWvs prior TTM Δ
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $30.1B +4.1% Gross margin — — Operating margin 3.5% +0.1pp Net margin 2.8% −0.0pp CHARTED Net income $837.0M +2.4%
Debt / equity
0.84
+7.2%
EPS (diluted)
—
—
EBITDA
$2.6B
+2.4%
Filings
TTM 16-09 → TTM 26-06 · following the period bar 33 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 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 33 filings
10-Q Q1 2025 2025-04-25 Pro → 10-K FY 2024 2025-02-07 Pro → 10-Q Q3 2024 2024-10-28 Pro → 10-Q Q2 2024 2024-07-29 Pro → 10-Q Q1 2024 2024-04-26 Pro → 10-K FY 2023 2024-02-06 Pro → 10-Q Q3 2023 2023-10-30 Pro → 10-Q Q2 2023 2023-07-28 Pro → 10-Q Q1 2023 2023-04-28 Pro → 10-K FY 2022 2023-02-07 Pro → 10-Q Q3 2022 2022-10-31 Pro → 10-Q Q2 2022 2022-08-02 Pro → 10-Q Q1 2022 2022-05-02 Pro → 10-K FY 2021 2022-02-07 Pro → 10-Q Q3 2021 2021-10-26 Pro → 10-Q Q2 2021 2021-07-27 Pro → 10-Q Q1 2021 2021-04-27 Pro → 10-K FY 2020 2021-02-08 Pro → 10-Q Q3 2020 2020-10-27 Pro → 10-Q Q2 2020 2020-07-27 Pro → 10-Q Q1 2020 2020-04-28 Pro → 10-K FY 2019 2020-02-04 Pro → 10-Q Q3 2019 2019-11-08 Pro → 10-K FY 2018 2019-02-05 Pro → 10-K FY 2017 2018-02-07 Pro → 10-K FY 2016 2017-02-07 Pro → 10-K FY 2015 2016-02-03 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
Trailing twelve months, rolling one quarter at a time
Revenue
| Period | Period end | Revenue |
|---|---|---|
| TTM 16-09 | 2016-09-30 | $20.3B |
| TTM 16-12 | 2016-12-31 | $20.4B |
| TTM 17-03 | 2017-03-31 | $20.5B |
| TTM 17-06 | 2017-06-30 | $20.8B |
| TTM 17-09 | 2017-09-30 | $21.0B |
| TTM 17-12 | 2017-12-31 | $21.1B |
| TTM 18-03 | 2018-03-31 | $21.2B |
| TTM 18-06 | 2018-06-30 | $21.2B |
| TTM 18-09 | 2018-09-30 | $21.5B |
| TTM 18-12 | 2018-12-31 | $22.0B |
| TTM 19-03 | 2019-03-31 | $22.2B |
| TTM 19-06 | 2019-06-30 | $22.3B |
| TTM 19-09 | 2019-09-30 | $22.4B |
| TTM 19-12 | 2019-12-31 | $22.4B |
| TTM 20-03 | 2020-03-31 | $21.5B |
| TTM 20-06 | 2020-06-30 | $16.6B |
| TTM 20-09 | 2020-09-30 | $12.8B |
| TTM 20-12 | 2020-12-31 | $9.0B |
| TTM 21-03 | 2021-03-31 | $6.9B |
| TTM 21-06 | 2021-06-30 | $9.9B |
| TTM 21-09 | 2021-09-30 | $12.8B |
| TTM 21-12 | 2021-12-31 | $15.8B |
| TTM 22-03 | 2022-03-31 | $18.4B |
| TTM 22-06 | 2022-06-30 | $21.2B |
| TTM 22-09 | 2022-09-30 | $22.7B |
| TTM 22-12 | 2022-12-31 | $23.8B |
| TTM 23-03 | 2023-03-31 | $24.8B |
| TTM 23-06 | 2023-06-30 | $25.1B |
| TTM 23-09 | 2023-09-30 | $25.4B |
| TTM 23-12 | 2023-12-31 | $26.1B |
| TTM 24-03 | 2024-03-31 | $26.7B |
| TTM 24-06 | 2024-06-30 | $27.0B |
| TTM 24-09 | 2024-09-30 | $27.4B |
| TTM 24-12 | 2024-12-31 | $27.5B |
| TTM 25-03 | 2025-03-31 | $27.6B |
| TTM 25-06 | 2025-06-30 | $27.5B |
| TTM 25-09 | 2025-09-30 | $27.6B |
| TTM 25-12 | 2025-12-31 | $28.1B |
| TTM 26-03 | 2026-03-31 | $28.9B |
| TTM 26-06 | 2026-06-30 | $30.1B |
Net income
| Period | Period end | Net income |
|---|---|---|
| TTM 16-09 | 2016-09-30 | $2.3B |
| TTM 16-12 | 2016-12-31 | $2.2B |
| TTM 17-03 | 2017-03-31 | $2.1B |
| TTM 17-06 | 2017-06-30 | $2.0B |
| TTM 17-09 | 2017-09-30 | $2.1B |
| TTM 17-12 | 2017-12-31 | $3.4B |
| TTM 18-03 | 2018-03-31 | $3.5B |
| TTM 18-06 | 2018-06-30 | $3.5B |
| TTM 18-09 | 2018-09-30 | $3.6B |
| TTM 18-12 | 2018-12-31 | $2.5B |
| TTM 19-03 | 2019-03-31 | $2.4B |
| TTM 19-06 | 2019-06-30 | $2.4B |
| TTM 19-09 | 2019-09-30 | $2.4B |
| TTM 19-12 | 2019-12-31 | $2.3B |
| TTM 20-03 | 2020-03-31 | $1.8B |
| TTM 20-06 | 2020-06-30 | $164.0M |
| TTM 20-09 | 2020-09-30 | -$1.7B |
| TTM 20-12 | 2020-12-31 | -$3.1B |
| TTM 21-03 | 2021-03-31 | -$2.9B |
| TTM 21-06 | 2021-06-30 | -$1.6B |
| TTM 21-09 | 2021-09-30 | $2.0M |
| TTM 21-12 | 2021-12-31 | $977.0M |
| TTM 22-03 | 2022-03-31 | $583.0M |
| TTM 22-06 | 2022-06-30 | $995.0M |
| TTM 22-09 | 2022-09-30 | $826.0M |
| TTM 22-12 | 2022-12-31 | $539.0M |
| TTM 23-03 | 2023-03-31 | $658.0M |
| TTM 23-06 | 2023-06-30 | $581.0M |
| TTM 23-09 | 2023-09-30 | $497.0M |
| TTM 23-12 | 2023-12-31 | $465.0M |
| TTM 24-03 | 2024-03-31 | $393.0M |
| TTM 24-06 | 2024-06-30 | $77.0M |
| TTM 24-09 | 2024-09-30 | -$49.0M |
| TTM 24-12 | 2024-12-31 | $465.0M |
| TTM 25-03 | 2025-03-31 | $547.0M |
| TTM 25-06 | 2025-06-30 | $393.0M |
| TTM 25-09 | 2025-09-30 | $380.0M |
| TTM 25-12 | 2025-12-31 | $441.0M |
| TTM 26-03 | 2026-03-31 | $817.0M |
| TTM 26-06 | 2026-06-30 | $837.0M |
Operating income
| Period | Period end | Operating income |
|---|---|---|
| TTM 16-09 | 2016-09-30 | $3.9B |
| TTM 16-12 | 2016-12-31 | $3.8B |
| TTM 17-03 | 2017-03-31 | $3.4B |
| TTM 17-06 | 2017-06-30 | $3.4B |
| TTM 17-09 | 2017-09-30 | $3.5B |
| TTM 17-12 | 2017-12-31 | $3.4B |
| TTM 18-03 | 2018-03-31 | $3.4B |
| TTM 18-06 | 2018-06-30 | $3.2B |
| TTM 18-09 | 2018-09-30 | $3.1B |
| TTM 18-12 | 2018-12-31 | $3.2B |
| TTM 19-03 | 2019-03-31 | $3.1B |
| TTM 19-06 | 2019-06-30 | $3.1B |
| TTM 19-09 | 2019-09-30 | $3.1B |
| TTM 19-12 | 2019-12-31 | $3.0B |
| TTM 20-03 | 2020-03-31 | $2.3B |
| TTM 20-06 | 2020-06-30 | $247.0M |
| TTM 20-09 | 2020-09-30 | -$2.0B |
| TTM 20-12 | 2020-12-31 | -$3.8B |
| TTM 21-03 | 2021-03-31 | -$3.5B |
| TTM 21-06 | 2021-06-30 | -$1.8B |
| TTM 21-09 | 2021-09-30 | $357.0M |
| TTM 21-12 | 2021-12-31 | $1.7B |
| TTM 22-03 | 2022-03-31 | $1.4B |
| TTM 22-06 | 2022-06-30 | $1.9B |
| TTM 22-09 | 2022-09-30 | $1.6B |
| TTM 22-12 | 2022-12-31 | $1.0B |
| TTM 23-03 | 2023-03-31 | $884.0M |
| TTM 23-06 | 2023-06-30 | $521.0M |
| TTM 23-09 | 2023-09-30 | $243.0M |
| TTM 23-12 | 2023-12-31 | $224.0M |
| TTM 24-03 | 2024-03-31 | $115.0M |
| TTM 24-06 | 2024-06-30 | -$282.0M |
| TTM 24-09 | 2024-09-30 | -$361.0M |
| TTM 24-12 | 2024-12-31 | $321.0M |
| TTM 25-03 | 2025-03-31 | $491.0M |
| TTM 25-06 | 2025-06-30 | $318.0M |
| TTM 25-09 | 2025-09-30 | $315.0M |
| TTM 25-12 | 2025-12-31 | $428.0M |
| TTM 26-03 | 2026-03-31 | $981.0M |
| TTM 26-06 | 2026-06-30 | $1.0B |
Net margin
| Period | Period end | Net margin |
|---|---|---|
| TTM 16-09 | 2016-09-30 | 11.1% |
| TTM 16-12 | 2016-12-31 | 11.0% |
| TTM 17-03 | 2017-03-31 | 10.1% |
| TTM 17-06 | 2017-06-30 | 9.6% |
| TTM 17-09 | 2017-09-30 | 10.2% |
| TTM 17-12 | 2017-12-31 | 15.9% |
| TTM 18-03 | 2018-03-31 | 16.4% |
| TTM 18-06 | 2018-06-30 | 16.3% |
| TTM 18-09 | 2018-09-30 | 16.5% |
| TTM 18-12 | 2018-12-31 | 11.2% |
| TTM 19-03 | 2019-03-31 | 10.8% |
| TTM 19-06 | 2019-06-30 | 10.7% |
| TTM 19-09 | 2019-09-30 | 10.9% |
| TTM 19-12 | 2019-12-31 | 10.3% |
| TTM 20-03 | 2020-03-31 | 8.5% |
| TTM 20-06 | 2020-06-30 | 1.0% |
| TTM 20-09 | 2020-09-30 | -12.9% |
| TTM 20-12 | 2020-12-31 | -34.0% |
| TTM 21-03 | 2021-03-31 | -41.7% |
| TTM 21-06 | 2021-06-30 | -16.2% |
| TTM 21-09 | 2021-09-30 | 0.0% |
| TTM 21-12 | 2021-12-31 | 6.2% |
| TTM 22-03 | 2022-03-31 | 3.2% |
| TTM 22-06 | 2022-06-30 | 4.7% |
| TTM 22-09 | 2022-09-30 | 3.6% |
| TTM 22-12 | 2022-12-31 | 2.3% |
| TTM 23-03 | 2023-03-31 | 2.7% |
| TTM 23-06 | 2023-06-30 | 2.3% |
| TTM 23-09 | 2023-09-30 | 2.0% |
| TTM 23-12 | 2023-12-31 | 1.8% |
| TTM 24-03 | 2024-03-31 | 1.5% |
| TTM 24-06 | 2024-06-30 | 0.3% |
| TTM 24-09 | 2024-09-30 | -0.2% |
| TTM 24-12 | 2024-12-31 | 1.7% |
| TTM 25-03 | 2025-03-31 | 2.0% |
| TTM 25-06 | 2025-06-30 | 1.4% |
| TTM 25-09 | 2025-09-30 | 1.4% |
| TTM 25-12 | 2025-12-31 | 1.6% |
| TTM 26-03 | 2026-03-31 | 2.8% |
| TTM 26-06 | 2026-06-30 | 2.8% |
ZOOM
TTM 09-12
TTM 26-06
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.
Growth
57
Quality
9
Safety
33
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| TTM 16-09 | 2016-09-30 | not scored | not scored | not scored |
| TTM 16-12 | 2016-12-31 | not scored | not scored | not scored |
| TTM 17-03 | 2017-03-31 | not scored | not scored | not scored |
| TTM 17-06 | 2017-06-30 | not scored | not scored | not scored |
| TTM 17-09 | 2017-09-30 | not scored | not scored | not scored |
| TTM 17-12 | 2017-12-31 | not scored | not scored | not scored |
| TTM 18-03 | 2018-03-31 | not scored | not scored | not scored |
| TTM 18-06 | 2018-06-30 | not scored | not scored | not scored |
| TTM 18-09 | 2018-09-30 | not scored | not scored | not scored |
| TTM 18-12 | 2018-12-31 | not scored | not scored | not scored |
| TTM 19-03 | 2019-03-31 | not scored | not scored | not scored |
| TTM 19-06 | 2019-06-30 | not scored | not scored | not scored |
| TTM 19-09 | 2019-09-30 | not scored | not scored | not scored |
| TTM 19-12 | 2019-12-31 | not scored | not scored | not scored |
| TTM 20-03 | 2020-03-31 | not scored | not scored | not scored |
| TTM 20-06 | 2020-06-30 | not scored | not scored | not scored |
| TTM 20-09 | 2020-09-30 | not scored | not scored | not scored |
| TTM 20-12 | 2020-12-31 | not scored | not scored | not scored |
| TTM 21-03 | 2021-03-31 | not scored | not scored | not scored |
| TTM 21-06 | 2021-06-30 | not scored | not scored | not scored |
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| TTM 23-09 | 2023-09-30 | 30 | 5 | 48 |
| TTM 23-12 | 2023-12-31 | 47 | 4 | 64 |
| TTM 24-03 | 2024-03-31 | 38 | 3 | 42 |
| TTM 24-06 | 2024-06-30 | 27 | 5 | 46 |
| TTM 24-09 | 2024-09-30 | 27 | 3 | 38 |
| TTM 24-12 | 2024-12-31 | 65 | 5 | 44 |
| TTM 25-03 | 2025-03-31 | 60 | 2 | 35 |
| TTM 25-06 | 2025-06-30 | 12 | 3 | 36 |
| TTM 25-09 | 2025-09-30 | 22 | 3 | 33 |
| TTM 25-12 | 2025-12-31 | 63 | 6 | 47 |
| TTM 26-03 | 2026-03-31 | 84 | 10 | 42 |
| TTM 26-06 | 2026-06-30 | 57 | 9 | 33 |