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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 estimates| FY 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 |
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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 data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18.1B | $18.8B | XXX | XXX | XXX | XXX | $1.11 |
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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 comps| FY 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 |
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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 comps| FY 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 |
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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 |
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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 multiples| Acquired 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 |
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Sign Up| When 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). |
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