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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Southwest Airlines Co.'s Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$15.79 B | $23.81 B | $26.09 B | $27.48 B | $28.06 B |
| Cost of Revenue |
|
$11.68 B | $19.06 B | $21.87 B | $23.02 B | $23.17 B |
| Gross Profit |
|
$4.12 B | $4.75 B | $4.22 B | $4.46 B | $4.90 B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
- | - | - | $346.00 M | $4.47 B |
| Operating Expense |
|
$2.39 B | $3.74 B | $4.00 B | $4.14 B | $4.47 B |
| Operating Income |
|
$1.72 B | $1.02 B | $224.00 M | $321.00 M | $428.00 M |
| Net Income |
|
$977.00 M | $539.00 M | $465.00 M | $465.00 M | $441.00 M |
Southwest Airlines Co.'s Assets vs Liabilities & Equity
Southwest Airlines Co.'s Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$15.50 B | $12.29 B | $11.47 B | $8.73 B | $3.23 B |
| Inventories |
|
$537.00 M | $790.00 M | $807.00 M | $800.00 M | $775.00 M |
| Total Current Assets |
|
$18.04 B | $14.81 B | $13.96 B | $11.27 B | $5.65 B |
| Property,Plant and Equipment |
|
$16.43 B | $18.74 B | $20.60 B | $20.43 B | $21.33 B |
| Goodwill |
|
$970.00 M | $970.00 M | $970.00 M | $970.00 M | $970.00 M |
| Total Assets |
|
$36.32 B | $35.37 B | $36.49 B | $33.75 B | $29.06 B |
| Total Liabilities |
|
$25.91 B | $24.68 B | $25.97 B | $23.40 B | $21.08 B |
| Retained Earnings |
|
$15.77 B | $16.26 B | $16.30 B | $16.33 B | $16.39 B |
| Total Shareholder Equity |
|
$10.41 B | $10.69 B | $10.52 B | $10.35 B | $7.98 B |
| Common Stock |
|
$888.00 M | $888.00 M | $888.00 M | $888.00 M | $888.00 M |
Southwest Airlines Co.'s Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$1.27 B | $1.35 B | $1.52 B | $1.66 B | $1.56 B |
| Dividends Payout |
|
- | - | -$428.00 M | -$430.00 M | -$399.00 M |
| Capital Expenditures (Capex) |
|
-$511.00 M | -$3.95 B | -$3.55 B | -$2.08 B | -$2.67 B |
| Free Cash Flow (FCF) |
|
$1.81 B | -$156.00 M | -$389.00 M | -$1.62 B | -$831.00 M |
Southwest Airlines Co.'s Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$4.12 B | $4.75 B | $4.22 B | $4.46 B | $4.90 B |
| Gross Profit Margin (%) |
|
26.06% | 19.95% | 16.19% | 16.22% | 17.44% |
| Operating Income |
|
$1.72 B | $1.02 B | $224.00 M | $321.00 M | $428.00 M |
| Operating Income Margin (%) |
|
10.90% | 4.27% | 0.86% | 1.17% | 1.53% |
| Net Income |
|
$977.00 M | $539.00 M | $465.00 M | $465.00 M | $441.00 M |
| Net Income Margin (%) |
|
6.19% | 2.26% | 1.78% | 1.69% | 1.57% |
| EBITDA |
|
$3.03 B | $2.38 B | $2.39 B | $2.47 B | $2.24 B |
| EBITDA Margin (%) |
|
19.18% | 9.99% | 9.16% | 8.98% | 7.97% |
Southwest Airlines Co.'s Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
9.38% | 5.04% | 4.42% | 4.49% | - |
| Return on Assets (ROA) |
|
2.69% | 1.52% | 1.27% | 1.38% | - |
| Debt to Equity |
|
117.93% | 88.64% | 87.49% | 77.86% | 84.56% |
| Debt to total asset |
|
33.81% | 26.78% | 25.21% | 23.88% | 23.22% |
| Enterprise value to revenue |
|
1.59 | 0.84 | 0.66 | 0.75 | 0.00 |
| Enterprise value to EBITDA |
|
8.31 | 8.38 | 7.15 | 8.37 | 0.00 |
| Enterprise value |
|
$25.16 B | $19.95 B | $17.10 B | $20.65 B | - |
| Tax Rate (%) |
|
26.26% | 25.96% | 26.54% | 22.24% | 21.67% |
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