US · USD
LUV
Southwest Airlines Company
- Day's range
- $41.70 – $42.59
- Day's volume
- $239.6M
- 52-week range
- $29.15 – $54.07
Follow LUV in the Fuolio
See how LUV weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountLUV in numbers
- Market cap
- $20.5B
- P/E
- 24.46
- P/B
- 2.89
- Dividend yield (12m)
- 1.72%
The 12-month dividend yield of LUV is 1.72%, above its 5-year average of 1.28%.
LUV price history
LUV risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +22.37% | +74.48% | +2.67% |
| Volatility (annualized) | 47.90% | 37.58% | 38.21% |
| Largest drawdown | -25.07% | -25.07% | -51.38% |
| Positive months | 8/12 | 23/36 | 32/60 |
How much did investing in LUV return?
$1,000.00 invested on 11/01/2021 would be worth $1,026.69 today.
- Value today in LUV
- $1,026.69
- Return over the period
- +2.67%
- Return per year
- +0.54%
- In the S&P 500
- $1,702.20
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
LUV fundamentals
Valuation
- P/E24.46
- P/B2.89
- EV/EBITDA7.86
- EV/EBIT19.67
- EV/Revenue0.68
- P/EBIT19.67
- P/S0.68
- P/OCF8.09
- P/FCF—
- Earnings yield5.08%
- PEG ratio—
- Earnings per share$1.71
- Book value per share$14.48
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio0.49
- Quick ratio—
- Cash ratio0.29
Efficiency
- Gross margin—
- EBITDA margin8.67%
- Operating margin3.46%
- Net margin2.78%
- Asset turnover1.00
Profitability
- ROE11.82%
- ROA2.78%
- ROIC11.53%
- Payout42.08%
Growth
- Revenue CAGR (5 years)24.97%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is LUV's fair price?
Two classic value formulas, with today's numbers. The current price is $41.85.
- Graham's fair price
- $23.61
- 43.59% below the price
√(22.50 × $1.71 × $14.48)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $7.20
- 82.80% below the price
$0.43 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
LUV's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 46.05 | 42.85 | 37.06 | 37.12 | 25.97 | -8.96 | 12.14 | 10.42 |
| P/B | 2.54 | 1.93 | 1.64 | 1.87 | 2.44 | 3.10 | 2.84 | 2.61 |
| EV/EBITDA | 11.07 | 9.05 | 7.89 | 6.68 | 8.48 | — | 6.69 | 5.83 |
| Dividend yield | 1.74% | 2.14% | 2.49% | 0.00% | 0.00% | 0.77% | 1.26% | 1.23% |
| Earnings per share | $0.90 | $0.78 | $0.78 | $0.91 | $1.65 | -$5.20 | $4.45 | $4.46 |
| Book value per share | $16.24 | $17.46 | $17.62 | $17.98 | $17.58 | $15.03 | $19.01 | $17.83 |
| ROE | 5.53% | 4.49% | 4.42% | 5.04% | 9.38% | -34.63% | 23.39% | 25.02% |
| ROIC | 3.46% | 3.00% | 2.33% | 11.60% | 12.19% | -31.05% | 23.39% | 25.35% |
| EBITDA margin | 7.08% | 7.20% | 6.69% | 9.94% | 18.96% | -28.30% | 18.62% | 20.06% |
| Net margin | 1.57% | 1.69% | 1.78% | 2.26% | 6.19% | -33.97% | 10.26% | 11.22% |
| Net debt/EBITDA | 0.85 | -1.03 | -1.98 | -1.77 | — | — | — | — |
LUV's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $28.1B | $27.5B | $26.1B | $23.8B | $15.8B | $9B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $2B | $2B | $1.7B | $2.4B | $3B | -$2.6B |
| EBIT | $428M | $321M | $224M | $1B | $1.7B | -$3.8B |
| Financial result | $135M | $277M | $409M | -$289M | -$396M | -$440M |
| Income before tax | $563M | $598M | $633M | $728M | $1.3B | -$4.3B |
| Income tax | -$122M | -$133M | -$168M | -$189M | -$348M | $1.2B |
| Net income | $441M | $465M | $465M | $539M | $977M | -$3.1B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does LUV pay dividends?
Dividend yield per year
- 0.69%2017
- 1.23%2018
- 1.26%2019
- 0.77%2020
- 0.00%2021
- 0.00%2022
- 2.49%2023
- 2.14%2024
- 1.74%2025
- 1.72%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/02/2026 | 09/24/2026 | $0.18 |
| Dividend | 06/10/2026 | 07/02/2026 | $0.18 |
| Dividend | 03/11/2026 | 04/02/2026 | $0.18 |
| Dividend | 12/25/2025 | 01/16/2026 | $0.18 |
| Dividend | 09/02/2025 | 09/24/2025 | $0.18 |
| Dividend | 06/17/2025 | 07/09/2025 | $0.18 |
| Dividend | 03/11/2025 | 04/02/2025 | $0.18 |
| Dividend | 12/25/2024 | 01/16/2025 | $0.18 |
| Dividend | 09/03/2024 | 09/25/2024 | $0.18 |
| Dividend | 06/17/2024 | 07/10/2024 | $0.18 |
| Dividend | 03/04/2024 | 03/27/2024 | $0.18 |
| Dividend | 12/19/2023 | 01/11/2024 | $0.18 |
See all 30 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/04/2023 | 09/27/2023 | $0.18 |
| Dividend | 06/19/2023 | 07/12/2023 | $0.18 |
| Dividend | 03/06/2023 | 03/29/2023 | $0.18 |
| Dividend | 01/06/2023 | 01/31/2023 | $0.18 |
| Dividend | 03/02/2020 | 03/25/2020 | $0.18 |
| Dividend | 12/09/2019 | 01/08/2020 | $0.18 |
| Dividend | 08/19/2019 | 09/11/2019 | $0.18 |
| Dividend | 06/03/2019 | 06/26/2019 | $0.18 |
| Dividend | 03/04/2019 | 03/27/2019 | $0.16 |
| Dividend | 12/03/2018 | 01/02/2019 | $0.16 |
| Dividend | 08/20/2018 | 09/12/2018 | $0.16 |
| Dividend | 06/04/2018 | 06/27/2018 | $0.16 |
| Dividend | 03/05/2018 | 03/28/2018 | $0.13 |
| Dividend | 12/05/2017 | 01/04/2018 | $0.13 |
| Dividend | 08/21/2017 | 09/14/2017 | $0.13 |
| Dividend | 06/02/2017 | 06/28/2017 | $0.13 |
| Dividend | 03/06/2017 | 03/30/2017 | $0.10 |
| Dividend | 12/05/2016 | 01/05/2017 | $0.10 |
About Southwest Airlines Company
- Sector
- Transportation and utilities
Questions about LUV
How much is LUV today?
LUV is at $41.85 (-1.46% on the day), last traded on 10/05/2026.
How much did LUV pay in dividends in 2025?
LUV paid $0.72 per share in 2025, a dividend yield of 1.74%.
What are the P/E and P/B of LUV?
LUV trades at a P/E of 24.46 and a P/B of 2.89.
How much did LUV return in 12 months?
LUV returned 22.37% in 12 months, with annualized volatility of 47.90% and a largest drawdown of -25.07%.