Southwest Airlines (LUV) EV to CFO (2009 - 2026)
Southwest Airlines' (LUV) quarterly EV to CFO came in at 40.31 in Q2 2026, up 22.47% on a YoY basis from 32.91 in Q2 2025, and up 280.17% quarter-over-quarter from 10.6 in Q1 2026.
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Southwest Airlines (LUV) EV to CFO (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported EV to CFO for 18 consecutive years, with 40.31 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO rose 22.47% year-over-year to 40.31; the trailing twelve-month figure through Jun 2026 stood at 8.44 (up 18.37% YoY), and the FY2025 full-year result was 9.27, down 61.76% from the prior year.
- EV to CFO grew to 40.31 in Q2 2026 per LUV's latest filing, from 10.6 in the prior quarter.
- Across five years, EV to CFO topped out at 74.23 in Q3 2024 and bottomed at 310.43 in Q2 2024.
- Historically, EV to CFO has averaged 0.36 across 5 years, with a median of 12.99 in 2022.
- The widest YoY moves for EV to CFO: up 938.34% in 2024, down 4781.79% in 2024.
- Over 5 years, EV to CFO stood at 13.33 in 2022, then grew by 1.64% to 13.55 in 2023, then surged by 73.69% to 23.53 in 2024, then jumped by 145.99% to 57.88 in 2025, then plunged by 30.36% to 40.31 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 40.31, 10.6, and 57.88 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.31 |
| Mar 31, 2026 | 10.60 |
| Dec 31, 2025 | 57.88 |
| Sep 30, 2025 | 46.98 |
| Jun 30, 2025 | 32.91 |
| Mar 31, 2025 | 12.66 |
| Dec 31, 2024 | 23.53 |
| Sep 30, 2024 | 74.23 |
| Jun 30, 2024 | -310.43 |
| Mar 31, 2024 | -66.89 |
| Dec 31, 2023 | 13.55 |
| Sep 30, 2023 | 7.15 |
| Jun 30, 2023 | 6.63 |
| Mar 31, 2023 | 10.89 |
| Dec 31, 2022 | 13.33 |
| Sep 30, 2022 | 19.82 |
| Jun 30, 2022 | 2.62 |
| Mar 31, 2022 | 10.66 |
| Dec 31, 2021 | 39.97 |
| Sep 30, 2021 | -25.11 |