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Stocks/Industrials/Passenger Airlines

Southwest AirlinesLUV

Passenger Airlines · Dallas, Texas · In the S&P 500
Cheaper than peers
$42.43−2.86%After hours: $41.89 (−1.27%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 38.4% over 1 year
Southwest Airlines over 1 yearDaily close, $, to 30 Oct 2026
$30$40$50Nov2026MarMayJulSep$42.43$30$40$50NovMarJul$42.43
Source: Nasdaq daily closes
Market value$20.77B
Price to earnings20.9x
Forward P/E15.1x
Dividend yield1.70%
Year to date+2.7%
One year+38.4%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$29.67$54.80

Quality and valuation

How Southwest Airlines compares with other industrials stocks. A description, not a recommendation.

Southwest Airlines and 7 passenger airlines peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: cheaper than most

A weaker business than most industrials companies, priced below most of them.

Southwest Airlines trades at 15.1 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +14.5% vs +8.2%
  • Less profitable (operating margin): 4.4% vs 17.5%
  • Turns less of its sales into cash: −1.4% vs 13.1%
LUV trades at 15.1x forward earnings, below the sector medianForward p/e, Passenger Airlines peers
LUV15.1xLMT20.6xCAT21.6xUNP22.3xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4xLUV15.1xLMT20.6xCAT21.6xUNP22.3xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets

Financials

From Southwest Airlines's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 21.2% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$2bn$5bn$8bnQ4 ’24Q2 ’25Q4 ’25$8.4bnQ3 ’26$0bn$5bnQ4 ’24Q2 ’25Q4 ’25$8.4bnQ3 ’26
Source: SEC filings
Growth sped up to +21.2% last quarterRevenue growth, year on year, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2521.2%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2521.2%Q3 ’26
Source: SEC filings
Operating margin was 4.5% last quarterOperating income as a share of revenue, %
−2%0%2%5%Q4 ’24Q2 ’25Q4 ’254.5%Q3 ’260%5%Q4 ’24Q2 ’25Q4 ’254.5%Q3 ’26
Source: SEC filings
Free cash flow was −$449 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$500mQ4 ’24Q2 ’25Q4 ’25−$493mQ3 ’26$0m$500mQ4 ’24Q2 ’25Q4 ’25−$493mQ3 ’26
Source: SEC filings
Last 12 monthsLUVSector median
Revenue growth+14.5%+8.2%
Operating margin4.4%17.5%
Free cash flow margin−1.4%13.1%
Price to earnings20.9x25.8x

Stories on Southwest Airlines

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Similar companies

Passenger Airlines, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
CATCaterpillar$622.75−3.81%+8.7%$286B
RTXRTX$199.80+0.20%+8.9%$270B
GEVGE Vernova$857.87−3.38%+31.3%$227B
DEDeere &$675.48+2.35%+45.1%$182B
UNPUnion Pacific$304.00+0.69%+31.4%$181B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B