SOUTHWEST AIRLINES CO

LUV Industrials · Transportation

Latest period 2026-06-30 · 43 filings on record

Quarterly TTM Annual

8Q 3Y 5Y 10Y MAX

TTM 24-09 → TTM 26-06 8 TTM POINTS

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

▲+30 over range · as of 2026-06-30

Revenue +16.4% YoY, earnings +9.4% YoY · sector avg 71

Quality 9th pct

▲+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

Safety 33rd pct

▼−5 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 Net income $837.0M +2.4% CHARTED

Debt / equity 0.84 +7.2%

EPS (diluted) — — EBITDA $2.6B +2.4%

Filings

TTM 24-09 → TTM 26-06 · following the period bar 12 match

ALL 10-K 10-Q Q1 Q2 Q3 FY SORT NEWEST ↓

Filings by fiscal year and period
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	no filing	no filing	no filing	10-K FY 2023

10-Q Q2 2026 2026-07-23 Pro → 10-Q Q1 2026 2026-04-23 Pro → 10-K/A FY 2026-02-06 Pro → 10-K FY 2025 2026-02-05 Pro → 10-Q Q3 2025 2025-10-23 Pro → 10-Q Q2 2025 2025-07-24 Pro →

All 12 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 →

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

Latest$30.1B vs prior TTM+4.1% Periods8

Revenue by period
Period	Period end	Revenue
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

Latest$837.0M vs prior TTM+2.4% Periods8

Net income by period
Period	Period end	Net income
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

Latest$1.0B vs prior TTM+6.1% Periods8

Operating income by period
Period	Period end	Operating income
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

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

Grade history by period
Period	Period end	Growth	Quality	Safety
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