Southwest Airlines (LUV) EV to EBIT (2009 - 2026)
Southwest Airlines' (LUV) EV to EBIT stood at 20.52 in Q2 2026, down 50.6% from 41.50 a year earlier but up 33.9% from the prior quarter.
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Analysis
Southwest Airlines (LUV) EV to EBIT (2009 - 2026) Analysis & Trends
On a TTM basis, Southwest Airlines' EV to EBIT came in at 11.32 as of Jun 30, 2026; for FY2025, it came in at 39.90, up 14.3% from FY2024.
- Annual EV to EBIT has increased for four straight years.
- Across earlier years, EV to EBIT came in at 34.89 in FY2024 (+35.7%), 25.70 in FY2023 (+238.7%), 7.59 in FY2022 (+32.3%) and 5.74 in FY2021.
- Quarterly EV to EBIT has ranged from 2.58 in Q2 2022 to 60.50 in Q1 2024 over the past five years.
- On a year-over-year basis, EV to EBIT rose in two of the last five quarters, with an average decline of 18.9%.
- Peak year-over-year performance for EV to EBIT in the last five years was growth of 597.3% in Q2 2023, against a decline of 92.8% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.33 (Q1 2026), 39.90 (Q4 2025) and 42.81 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 171.44 Bn | 165.97 Bn | - |
| 2 | Csx | 89.87 Bn | 86.07 Bn | - |
| 3 | United Parcel Service | 85.24 Bn | 62.13 Bn | - |
| 4 | Canadian Pacific Kansas City | 78.31 Bn | 77.33 Bn | - |
| 5 | Norfolk Southern | 73.56 Bn | 68.20 Bn | - |
| 6 | Fedex | 70.93 Bn | 36.87 Bn | - |
| 7 | Delta Air Lines | 51.75 Bn | 33.94 Bn | - |
| 8 | Old Dominion Freight Line | 39.34 Bn | 38.60 Bn | - |
| 9 | United Airlines Holdings | 33.92 Bn | -22.46 Bn | - |
| 10 | Southwest Airlines | 19.86 Bn | 6.50 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.52 |
| Mar 31, 2026 | 15.33 |
| Dec 31, 2025 | 39.90 |
| Sep 30, 2025 | 42.81 |
| Jun 30, 2025 | 41.50 |
| Mar 31, 2025 | 22.17 |
| Dec 31, 2024 | 34.89 |
| Mar 31, 2024 | 60.50 |
| Dec 31, 2023 | 25.70 |
| Sep 30, 2023 | 18.12 |
| Jun 30, 2023 | 18.02 |
| Mar 31, 2023 | 8.70 |
| Dec 31, 2022 | 7.59 |
| Sep 30, 2022 | 2.90 |
| Jun 30, 2022 | 2.58 |
| Mar 31, 2022 | 8.33 |
| Dec 31, 2021 | 5.74 |
| Sep 30, 2021 | 40.44 |
| Jun 30, 2020 | 23.10 |
| Mar 31, 2020 | 5.37 |
API Access
Southwest Airlines EV to EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();