Southwest Airlines (LUV) Non-Current Assets (2009 - 2026)
Southwest Airlines (LUV) recorded Non-Current Assets of $23.64 billion in Q2 2026, up 4.5% from $22.62 billion a year earlier and up 1.1% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Non-Current Assets (2009 - 2026) Analysis & Trends
At the end of FY2025, Southwest Airlines reported Non-Current Assets of $23.42 billion, up 4.2% from FY2024.
- Annual Non-Current Assets has a five-year compound annual growth rate of 3.8% (FY2020 to FY2025).
- Across earlier years, Non-Current Assets came in at $22.48 billion in FY2024 (-0.2%), $22.53 billion in FY2023 (+9.6%), $20.56 billion in FY2022 (+12.5%) and $18.28 billion in FY2021 (-5.8%).
- The Q2 2026 figure is the highest quarterly Non-Current Assets in data going back to Q1 2009.
- On a year-over-year basis, Non-Current Assets has increased for three consecutive quarters, with growth averaging 1.6% over the last eight quarters.
- Peak year-over-year performance for Non-Current Assets in the last five years was growth of 15.6% in Q2 2023, against a decline of 5.8% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $23.39 billion (Q1 2026), $23.42 billion (Q4 2025) and $22.92 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 171.63 Bn | 166.16 Bn | - | 65.68 Bn |
| 2 | Csx | 89.86 Bn | 86.06 Bn | - | 41.32 Bn |
| 3 | United Parcel Service | 84.68 Bn | 61.58 Bn | - | 53.72 Bn |
| 4 | Canadian Pacific Kansas City | 77.92 Bn | 76.94 Bn | - | 60.40 Bn |
| 5 | Norfolk Southern | 73.47 Bn | 68.11 Bn | - | 42.32 Bn |
| 6 | Fedex | 71.66 Bn | 37.60 Bn | - | 71.03 Bn |
| 7 | Delta Air Lines | 50.99 Bn | 33.17 Bn | - | 72.56 Bn |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 4.73 Bn |
| 9 | United Airlines Holdings | 32.59 Bn | -23.79 Bn | - | 62.91 Bn |
| 10 | Southwest Airlines | 19.96 Bn | 6.59 Bn | - | 23.64 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.64 Bn |
| Mar 31, 2026 | 23.39 Bn |
| Dec 31, 2025 | 23.42 Bn |
| Sep 30, 2025 | 22.92 Bn |
| Jun 30, 2025 | 22.62 Bn |
| Mar 31, 2025 | 22.48 Bn |
| Dec 31, 2024 | 22.48 Bn |
| Sep 30, 2024 | 22.92 Bn |
| Jun 30, 2024 | 22.81 Bn |
| Mar 31, 2024 | 22.74 Bn |
| Dec 31, 2023 | 22.53 Bn |
| Sep 30, 2023 | 22.35 Bn |
| Jun 30, 2023 | 21.86 Bn |
| Mar 31, 2023 | 21.27 Bn |
| Dec 31, 2022 | 20.56 Bn |
| Sep 30, 2022 | 19.53 Bn |
| Jun 30, 2022 | 18.91 Bn |
| Mar 31, 2022 | 18.44 Bn |
| Dec 31, 2021 | 18.28 Bn |
| Sep 30, 2021 | 18.56 Bn |
API Access
Southwest Airlines Non-Current Assets 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=non-current-assets&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-assets", "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=non-current-assets&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();