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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Southwest Airlines (LUV) Asset Utilization Ratio (2009 - 2026)

Southwest Airlines posted quarterly Asset Utilization Ratio of 0.99 for Q1 2026, up 20.04% year-on-year from 0.82 in Q1 2025, and up 1.09% on a QoQ basis from 0.98 in Q4 2025.

Southwest Airlines (LUV) has 18 years of Asset Utilization Ratio data on file, last reported at 0.99 in Q1 2026.

  • For the quarter ending Q1 2026, Asset Utilization Ratio rose 20.04% year-over-year to 0.99; the trailing twelve-month figure through Mar 2026 stood at 0.99 (up 20.04% YoY), and the FY2025 full-year result was 0.89, up 14.18% from the prior year.
  • Asset Utilization Ratio for Q1 2026 stood at 0.99, up from 0.98 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 0.99 in Q1 2026 and bottomed at 0.5 in Q1 2022.
  • The 5-year median for Asset Utilization Ratio is 0.74 (2024), against an average of 0.76.
  • The widest annual swing landed in 2022, when Asset Utilization Ratio surged 155.68%; it then climbed 5.25% in 2024.
  • A 5-year view of Asset Utilization Ratio shows it stood at 0.67 in 2022, then rose by 6.35% to 0.71 in 2023, then climbed by 12.81% to 0.8 in 2024, then advanced by 22.09% to 0.98 in 2025, then climbed by 1.09% to 0.99 in 2026.
  • The last three Asset Utilization Ratio figures came in at 0.99 (Q1 2026), 0.98 (Q4 2025), and 0.97 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 0.79
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 0.99
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 11,366.02
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 0.55
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 0.71
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 0.56
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn 0.56
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn 0.55
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 0.58
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 0.53

Historic Data

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DateValue
Mar 31, 2026 0.99
Dec 31, 2025 0.98
Sep 30, 2025 0.97
Jun 30, 2025 0.89
Mar 31, 2025 0.82
Dec 31, 2024 0.80
Sep 30, 2024 0.78
Jun 30, 2024 0.76
Mar 31, 2024 0.74
Dec 31, 2023 0.71
Sep 30, 2023 0.69
Jun 30, 2023 0.70
Mar 31, 2023 0.70
Dec 31, 2022 0.67
Sep 30, 2022 0.61
Jun 30, 2022 0.56
Mar 31, 2022 0.50
Dec 31, 2021 0.43
Sep 30, 2021 0.34
Jun 30, 2021 0.27
Mar 31, 2021 0.20
Dec 31, 2020 0.26
Sep 30, 2020 0.36
Jun 30, 2020 0.53
Mar 31, 2020 0.82
Dec 31, 2019 0.86
Sep 30, 2019 0.85
Jun 30, 2019 0.85
Mar 31, 2019 0.84
Dec 31, 2018 0.83
Sep 30, 2018 0.81
Jun 30, 2018 0.82
Mar 31, 2018 0.84
Dec 31, 2017 0.86
Sep 30, 2017 0.87
Jun 30, 2017 0.87
Mar 31, 2017 0.87
Dec 31, 2016 0.88
Sep 30, 2016 0.89
Jun 30, 2016 0.92
Mar 31, 2016 0.93
Dec 31, 2015 0.93
Sep 30, 2015 0.92
Jun 30, 2015 0.90
Mar 31, 2015 0.92
Dec 31, 2014 0.92
Sep 30, 2014 0.89
Jun 30, 2014 0.89
Mar 31, 2014 0.90
Dec 31, 2013 0.91
Sep 30, 2013 0.90
Jun 30, 2013 0.89
Mar 31, 2013 0.91
Dec 31, 2012 0.91
Sep 30, 2012 0.91
Jun 30, 2012 0.91
Mar 31, 2012 0.90
Dec 31, 2011 0.87
Sep 30, 2011 1.64
Jun 30, 2011 1.65
Mar 31, 2011 0.79
Dec 31, 2010 0.79
Sep 30, 2010 0.78
Jun 30, 2010 0.76
Mar 31, 2010 0.74
Dec 31, 2009 0.73
Sep 30, 2009 1.32
Jun 30, 2009 1.33
Mar 31, 2009 1.34