Southwest Airlines (LUV) reported $28.1B in revenue for fiscal 2025, +2.1% year on year. That ranks #193 by revenue among 2853 SEC filers and #29 in Industrials. Net income was $441M, a net margin of 1.6%. Revenue has grown 4.3% a year on average since 2011 ($15.7B then). The fiscal 2025 balance sheet shows $29.1B in total assets, $3.2B in cash and $4.9B in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenueFromContractWithCustomerExcludingAssessedTax | $28.1B | +2.1% | FY20252025-12-31 |
| Gross profit | Not reported | — | |
| Operating incomeOperatingIncomeLoss | $428M | +33.3% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $441M | −5.2% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $1.8B | +298.7% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquireProductiveAssets | $2.7B | +30.1% | FY20252025-12-31 |
| Total assetsAssets | $29.1B | −13.9% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $8.0B | −22.9% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $3.2B | −57.0% | FY20252025-12-31 |
| Long-term debtLongTermDebt | $4.9B | −26.4% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $7.2B | $227M | Open → |
| Q2 20262026-06-30 | $8.4B | $233M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 244 of 323 companies compared | 1.6% | |
| Operating marginRank 269 of 316 companies compared | 1.5% | |
| Cash as share of revenueRank 101 of 322 companies compared | 11.5% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Southwest Airlines Co
- Ticker
- LUV
- Exchange
- NYSE
- SIC classification
- Air Transportation, Scheduled (4512)
- Fiscal year end
- 12-31
- CIK
- 0000092380
Filings
- 10-QJul 23, 2026Open filing →
- 10-QApr 23, 2026Open filing →
- 10-KFeb 5, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| Arrow ElectronicsARW | $30.9B | $571M |
| Ferguson EnterprisesFERG | $30.8B | $1.9B |
| Quanta ServicesPWR | $28.5B | $1.0B |
| Southwest AirlinesLUV | $28.1B | $441M |
| AvnetAVT | $27.6B | $334M |
| Brookfield Business PartnersBBUC | $27.5B | $387M |
| EatonETN | $27.4B | $4.1B |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Southwest Airlines — Key figures |url=https://companiesranked.com/en/company/southwest-airlines |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Southwest Airlines — Key figures. CompaniesRanked. https://companiesranked.com/en/company/southwest-airlinesBibTeX
@misc{companiesranked-en-company-southwest-airlines-2026,
author = {{CompaniesRanked}},
title = {{Southwest Airlines — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/southwest-airlines}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0000092380-26-000004 · February 5, 2026
{{cite web |title=Southwest Airlines — Key figures — 10-K (0000092380-26-000004) |url=https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-05}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.