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.
▲+27 over range · as of 2026-06-30
Revenue +16.4% YoY, earnings +9.4% YoY · sector avg 71
▲+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
▼−15 over range · as of 2026-06-30
Net debt 0.8x EBITDA, 4x interest coverage, 0.5x current ratio · sector avg 68
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 Net income $837.0M +2.4% CHARTEDFilings
TTM 23-09 → TTM 26-06 · following the period bar 16 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 | no filing | no filing | no filing | 10-K FY 2022 |
All 16 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 →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 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 |
| Period | Period end | Net income |
|---|---|---|
| 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 |
| Period | Period end | Operating income |
|---|---|---|
| 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 |
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 |
|---|---|---|---|---|
| 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 |