Southwest Airlines (LUV) EV to EBIT (2009 - 2026)
Southwest Airlines' (LUV) quarterly EV to EBIT came in at 74.96 in Q2 2026, up 27.79% on a YoY basis from 58.66 in Q2 2025, and up 64.53% quarter-over-quarter from 45.56 in Q1 2026.
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Southwest Airlines (LUV) EV to EBIT (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported EV to EBIT for 18 consecutive years, with 74.96 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBIT rose 27.79% year-over-year to 74.96; the trailing twelve-month figure through Jun 2026 stood at 20.52 (down 50.55% YoY), and the FY2025 full-year result was 39.9, up 14.34% from the prior year.
- EV to EBIT rose to 74.96 in Q2 2026 per LUV's latest filing, from 45.56 in the prior quarter.
- Across five years, EV to EBIT topped out at 385.27 in Q3 2025 and bottomed at 75.61 in Q1 2022.
- Historically, EV to EBIT has averaged 41.62 across 5 years, with a median of 14.87 in 2023.
- The sharpest annual moves came in 2024 and 2025: EV to EBIT soared 486.46% in 2024, then tumbled 175.72% in 2025.
- Over 5 years, EV to EBIT stood at 20.05 in 2022, then advanced by 28.9% to 14.25 in 2023, then soared by 382.69% to 40.29 in 2024, then gained by 8.39% to 43.67 in 2025, then jumped by 71.65% to 74.96 in 2026.
- According to Business Quant data, EV to EBIT over the past three periods registered 74.96, 45.56, and 43.67 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 | 74.96 |
| Mar 31, 2026 | 45.56 |
| Dec 31, 2025 | 43.67 |
| Sep 30, 2025 | 385.27 |
| Jun 30, 2025 | 58.66 |
| Mar 31, 2025 | -48.81 |
| Dec 31, 2024 | 40.29 |
| Sep 30, 2024 | 220.74 |
| Jun 30, 2024 | 17.94 |
| Mar 31, 2024 | -17.70 |
| Dec 31, 2023 | -14.25 |
| Sep 30, 2023 | 37.64 |
| Jun 30, 2023 | 11.81 |
| Mar 31, 2023 | -27.08 |
| Dec 31, 2022 | -20.05 |
| Sep 30, 2022 | 11.74 |
| Jun 30, 2022 | 4.32 |
| Mar 31, 2022 | -75.61 |
| Dec 31, 2021 | 50.63 |
| Sep 30, 2021 | 19.70 |