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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 and merchandising to offer assigned seats and more fare categories including a basic economy class that will more directly compete with other airlines' offerings.
1967
72.5K+
LTM Revenue $27.7B
LTM EBITDA $2.2B
$18.8B
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 (LTM) of $27.7B 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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $27.7B | XXX | $27.5B | XXX | XXX | XXX |
| Gross Profit | $27.7B | XXX | $4.5B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $2.2B | XXX | $2.5B | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| EBIT | $557M | XXX | $321M | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | 1% | XXX | XXX | XXX |
| Net Profit | $643M | XXX | $465M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Southwest Airlines's stock price is $33.
Southwest Airlines has current market cap of $19.0B, and EV of $18.8B.
See Southwest Airlines trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18.8B | $19.0B | XXX | XXX | XXX | XXX | $1.05 |
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Start Free TrialAs of May 30, 2025, Southwest Airlines has market cap of $19.0B and EV of $18.8B.
Southwest Airlines's trades at 0.7x EV/Revenue multiple, and 7.6x EV/EBITDA.
Equity research analysts estimate Southwest Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Southwest Airlines has a P/E ratio of 29.6x.
See valuation multiples for Southwest Airlines and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $19.0B | XXX | $19.0B | XXX | XXX | XXX |
| EV (current) | $18.8B | XXX | $18.8B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 8.5x | XXX | 7.6x | XXX | XXX | XXX |
| EV/EBIT | 33.7x | XXX | 58.5x | XXX | XXX | XXX |
| EV/Gross Profit | 0.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 29.6x | XXX | 40.9x | XXX | XXX | XXX |
| EV/FCF | -29.2x | XXX | -11.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialSouthwest Airlines's last 12 month revenue growth is 4%
Southwest Airlines's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Southwest Airlines's rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Southwest Airlines's rule of X is 18% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Southwest Airlines and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | -1% | XXX | XXX | XXX |
| Rule of 40 | 13% | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 15% | 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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Start Free Trial| 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 $19.0B |
| What is the current revenue of Southwest Airlines? | Southwest Airlines's last 12 months revenue is $27.7B. |
| What is the current revenue growth of Southwest Airlines? | Southwest Airlines revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Southwest Airlines? | Current revenue multiple of Southwest Airlines is 0.7x. |
| Is Southwest Airlines profitable? | Yes, Southwest Airlines is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Southwest Airlines? | Southwest Airlines's last 12 months EBITDA is $2.2B. |
| What is Southwest Airlines's EBITDA margin? | Southwest Airlines's last 12 months EBITDA margin is 8%. |
| What is the current EV/EBITDA multiple of Southwest Airlines? | Current EBITDA multiple of Southwest Airlines is 8.5x. |
| What is the current FCF of Southwest Airlines? | Southwest Airlines's last 12 months FCF is -$643M. |
| What is Southwest Airlines's FCF margin? | Southwest Airlines's last 12 months FCF margin is -2%. |
| What is the current EV/FCF multiple of Southwest Airlines? | Current FCF multiple of Southwest Airlines is -29.2x. |
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