Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated in a single, open-seating cabin configuration in a point-to-point network. In late 2025, Southwest will modify its cabins to offer some seats with extra legroom and will update its ticketing process to offer assigned seats.
1967
72.5K+
LTM Revenue $27.8B
LTM EBITDA $2.2B
$18.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Southwest Airlines has a last 12-month revenue of $27.8B and a last 12-month EBITDA of $2.2B.
In the most recent fiscal year, Southwest Airlines achieved revenue of $27.5B and an EBITDA of $2.5B.
Southwest Airlines expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Southwest Airlines valuation multiples based on analyst estimatesFY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $26.1B | $27.5B | XXX | XXX | XXX |
Gross Profit | $4.8B | $4.2B | XXX | XXX | XXX |
Gross Margin | 18% | 15% | XXX | XXX | XXX |
EBITDA | $2.4B | $2.5B | XXX | XXX | XXX |
EBITDA Margin | 9% | 9% | XXX | XXX | XXX |
Net Profit | $539M | $465M | XXX | XXX | XXX |
Net Margin | 2% | 2% | XXX | XXX | XXX |
Net Debt | n/a | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of March 17, 2025, Southwest Airlines's stock price is $32.
Southwest Airlines has current market cap of $18.8B, and EV of $18.1B.
See Southwest Airlines trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$18.1B | $18.8B | XXX | XXX | XXX | XXX | $1.11 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of March 17, 2025, Southwest Airlines has market cap of $18.8B and EV of $18.1B.
Southwest Airlines's trades at 0.7x LTM EV/Revenue multiple, and 8.2x LTM EBITDA.
Analysts estimate Southwest Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Southwest Airlines and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $18.1B | XXX | XXX | XXX |
EV/Revenue | 0.7x | XXX | XXX | XXX |
EV/EBITDA | 7.3x | XXX | XXX | XXX |
P/E | 40.4x | XXX | XXX | XXX |
P/E/Growth | 0.5x | XXX | XXX | XXX |
EV/FCF | -11.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSouthwest Airlines's NTM/LTM revenue growth is 6%
Southwest Airlines's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Southwest Airlines's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Southwest Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Southwest Airlines and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|---|
Revenue Growth | 5% | XXX | XXX | XXX | XXX |
EBITDA Margin | 9% | XXX | XXX | XXX | XXX |
EBITDA Growth | 3% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | 15% | XXX | XXX | XXX | XXX |
Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
Opex to Revenue | 15% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
EV/Revenue | EV/EBITDA | |||||
---|---|---|---|---|---|---|
2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Southwest Airlines acquired XXX companies to date.
Last acquisition by Southwest Airlines was XXXXXXXX, XXXXX XXXXX XXXXXX . Southwest Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
---|---|---|---|
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign UpWhen was Southwest Airlines founded? | Southwest Airlines was founded in 1967. |
Where is Southwest Airlines headquartered? | Southwest Airlines is headquartered in United States of America. |
How many employees does Southwest Airlines have? | As of today, Southwest Airlines has 72.5K+ employees. |
Who is the CEO of Southwest Airlines? | Southwest Airlines's CEO is Mr. Robert E. Jordan. |
Is Southwest Airlines publicy listed? | Yes, Southwest Airlines is a public company listed on NYS. |
What is the stock symbol of Southwest Airlines? | Southwest Airlines trades under LUV ticker. |
When did Southwest Airlines go public? | Southwest Airlines went public in 1977. |
Who are competitors of Southwest Airlines? | Similar companies to Southwest Airlines include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
What is the current market cap of Southwest Airlines? | Southwest Airlines's current market cap is $18.8B |
What is the current revenue of Southwest Airlines? | Southwest Airlines's last 12-month revenue is $27.8B. |
What is the current EBITDA of Southwest Airlines? | Southwest Airlines's last 12-month EBITDA is $2.2B. |
What is the current EV/Revenue multiple of Southwest Airlines? | Current revenue multiple of Southwest Airlines is 0.7x. |
What is the current EV/EBITDA multiple of Southwest Airlines? | Current EBITDA multiple of Southwest Airlines is 8.2x. |
What is the current revenue growth of Southwest Airlines? | Southwest Airlines revenue growth between 2023 and 2024 was 5%. |
Is Southwest Airlines profitable? | Yes, Southwest Airlines is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.