Southwest Airlines Co. +

Company

Ticker

LUV

DAL

Headquarter

Dallas ,TX

Atlanta ,GA

CEO

Mr. Robert E. Jordan

Mr. Edward H. Bastian

Industry

Airlines, Airports & Air Services

Stock Price

Market Cap

$15.19 B

$27.44 B

Employees

Years

2022
2023
2024

2022
2023
2024

Employees

66.66 K
74.81 K
72.45 K

95.00 K
103.00 K
103.00 K

Y/Y

20.97%

12.23%

3.15%

14.46%

8.42%

Revenue Per Employee

Years

2022
2023
2024

2022
2023
2024

Revenue Per Employee

$357.27 K
$348.78 K
$379.34 K

$532.44 K
$563.57 K
$598.48 K

Y/Y

24.67%

2.37%

8.76%

47.81%

5.85%

6.19%

Net Income Per Employee

Years

2022
2023
2024

2022
2023
2024

Net Income Per Employee

$8.09 K
$6.22 K
$6.42 K

$13.87 K
$44.75 K
$33.56 K

Y/Y

54.4%

23.13%

3.25%

311.26%

222.54%

24.99%

Income Statement

Revenue

Years

2022
2023
2024

2022
2023
2024

Revenue

$23.81 B
$26.09 B
$27.48 B

$50.58 B
$58.05 B
$61.64 B

Y/Y

50.82%

9.56%

5.34%

69.18%

14.76%

6.19%

Revenue by Products / Services

Revenue by Geography

Research and Development

Years

2022
2023
2024

2022
2023
2024

Research and Development

Y/Y

Operating Income

Years

2022
2023
2024

2022
2023
2024

Operating Income

$1.02 B
$224.00 M
$321.00 M

$3.66 B
$5.52 B
$6.00 B

Y/Y

40.91%

77.97%

43.3%

94.11%

50.81%

8.59%

Tax Rate (%)

Years

2022
2023
2024

2022
2023
2024

Tax Rate (%)

26.00%
27.00%
22.00%

31.00%
18.00%
26.00%

Y/Y

1.14%

2.23%

16.2%

5.03%

42.81%

44.75%

Net Income

Years

2022
2023
2024

2022
2023
2024

Net Income

$539.00 M
$465.00 M
$465.00 M

$1.32 B
$4.61 B
$3.46 B

Y/Y

44.83%

13.73%

370.71%

249.7%

24.99%

Assets & Liabilities | Cash Flow

Total Assets

Years

2022
2023
2024

2022
2023
2024

Total Assets

$35.37 B
$36.49 B
$33.75 B

$72.28 B
$73.64 B
$75.37 B

Y/Y

2.62%

3.16%

7.5%

0.27%

1.89%

2.35%

Total Liabilities

Years

2022
2023
2024

2022
2023
2024

Total Liabilities

$24.68 B
$25.97 B
$23.40 B

$65.82 B
$62.54 B
$60.08 B

Y/Y

4.72%

5.23%

9.9%

4.38%

4.98%

3.93%

Capital Expenditures (Capex)

Years

2022
2023
2024

2022
2023
2024

Capital Expenditures (Capex)

-$3.95 B
-$3.55 B
-$2.08 B

-$6.37 B
-$5.32 B
-$5.14 B

Y/Y

672.21%

9.96%

41.46%

96.06%

16.38%

3.44%

Profitability

Operating Income Margin (%)

Years

2022
2023
2024

2022
2023
2024

Operating Income Margin (%)

4.27%
0.86%
1.17%

7.24%
9.51%
9.73%

Y/Y

60.83%

79.86%

36.05%

14.74%

31.35%

2.31%

Net Income Margin (%)

Years

2022
2023
2024

2022
2023
2024

Net Income Margin (%)

2.26%
1.78%
1.69%

2.61%
7.94%
5.61%

Y/Y

63.49%

21.24%

5.06%

177.66%

204.21%

29.35%

EBITDA

2021	3028000000.00
2022	2380000000.00
2023	2391000000.00
2024	2504000000.00

2021	3675000000.00
2022	5050000000.00
2023	8783000000.00
2024	7918000000.00

Years

2022
2023
2024

2022
2023
2024

EBITDA

$2.38 B
$2.39 B
$2.50 B

$5.05 B
$8.78 B
$7.92 B

Y/Y

21.4%

0.46%

4.73%

37.41%

73.92%

9.85%

Free Cash Flow (FCF)

2021	1811000000.00
2022	-156000000.00
2023	-389000000.00
2024	-1618000000.00

2021	16000000.00
2022	-2000000.00
2023	1141000000.00
2024	2885000000.00

Years

2022
2023
2024

2022
2023
2024

Free Cash Flow (FCF)

-$156.00 M
-$389.00 M
-$1.62 B

-$2.00 M
$1.14 B
$2.89 B

Y/Y

108.61%

149.36%

315.94%

112.5%

57150%

152.85%

Ratios

Return on Equity (ROE)

Years

2022
2023
2024

2022
2023
2024

Return on Equity (ROE)

5.04%
4.42%
4.49%

20.42%
41.50%
22.61%

Y/Y

46.27%

12.3%

1.58%

164.85%

103.23%

45.52%

Return on Assets (ROA)

Years

2022
2023
2024

2022
2023
2024

Return on Assets (ROA)

1.52%
1.27%
1.38%

1.82%
6.26%
4.59%

Y/Y

43.49%

16.45%

8.66%

366.67%

243.96%

26.68%

Debt to Equity

Years

2022
2023
2024

2022
2023
2024

Debt to Equity

88.25%
87.77%
77.86%

474.13%
245.66%
148.90%

Y/Y

25.17%

0.54%

11.29%

50.22%

48.19%

39.39%

Valuation

Enterprise Value

Years

2022
2023
2024

2022
2023
2024

Enterprise value

$19.91 B
$17.12 B
$21.28 B

$48.31 B
$50.25 B
$58.94 B

Y/Y

20.89%

13.97%

24.24%

6.26%

4.01%

17.3%

Enterprise value to Revenue

Years

2022
2023
2024

2022
2023
2024

Enterprise value to Revenue

0.84
0.66
0.77

0.96
0.87
0.96

Y/Y

47.55%

21.49%

17.95%

44.59%

9.37%

10.47%

Enterprise value to EBITDA

Years

2022
2023
2024

2022
2023
2024

Enterprise value to EBITDA

8.36
7.16
8.50

9.57
5.72
7.44

Y/Y

0.65%

14.37%

18.63%

31.79%

40.2%

30.12%

Southwest Airlines Co. Competitors & Alternatives

Income Statement

Assets & Liabilities | Cash Flow

Profitability

Ratios

Valuation

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