Southwest Airlines (LUV) EV to FCF (2009 - 2026)
Southwest Airlines' (LUV) quarterly EV to FCF came in at 74.18 in Q2 2026, down 45.57% on a YoY basis from 136.29 in Q2 2025, and down 488.78% quarter-over-quarter from 19.08 in Q1 2026.
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Southwest Airlines (LUV) EV to FCF (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported EV to FCF for 18 consecutive years, with 74.18 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to FCF fell 45.57% year-over-year to 74.18; the trailing twelve-month figure through Jun 2026 stood at 46.95 (down 11.71% YoY), and the FY2025 full-year result was 20.55, down 192.06% from the prior year.
- EV to FCF retreated to 74.18 in Q2 2026 per LUV's latest filing, from 19.08 in the prior quarter.
- Across five years, EV to FCF topped out at 700.02 in Q4 2024 and bottomed at 74.18 in Q2 2026.
- Historically, EV to FCF has averaged 31.42 across 5 years, with a median of 7.83 in 2024.
- The sharpest annual moves came in 2024 and 2025: EV to FCF surged 4532.19% in 2024, then plunged 268.99% in 2025.
- Over 5 years, EV to FCF stood at 36.06 in 2022, then sank by 58.1% to 15.11 in 2023, then soared by 4532.19% to 700.02 in 2024, then slumped by 104.32% to 30.28 in 2025, then plunged by 145.02% to 74.18 in 2026.
- According to Business Quant data, EV to FCF over the past three periods registered 74.18, 19.08, and 30.28 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 | -74.18 |
| Mar 31, 2026 | 19.08 |
| Dec 31, 2025 | -30.28 |
| Sep 30, 2025 | -34.49 |
| Jun 30, 2025 | -50.96 |
| Mar 31, 2025 | 32.68 |
| Dec 31, 2024 | 700.02 |
| Sep 30, 2024 | -20.76 |
| Jun 30, 2024 | -13.81 |
| Mar 31, 2024 | -10.13 |
| Dec 31, 2023 | 15.11 |
| Sep 30, 2023 | -19.49 |
| Jun 30, 2023 | 19.12 |
| Mar 31, 2023 | -22.62 |
| Dec 31, 2022 | 36.06 |
| Sep 30, 2022 | -5.53 |
| Jun 30, 2022 | 5.44 |
| Mar 31, 2022 | 20.35 |
| Dec 31, 2021 | 147.34 |
| Sep 30, 2021 | -20.34 |