Southwest Airlines (LUV) Price to Earnings (2009 - 2026)
Southwest Airlines' (LUV) Price to Earnings came in at 30.05 for Q2 2026, down 30.9% from 43.46 a year earlier but up 33.7% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Price to Earnings (2009 - 2026) Analysis & Trends
For FY2025, Southwest Airlines' Price to Earnings stood at 46.05, up 7.5% from FY2024.
- In prior years, Southwest Airlines' Price to Earnings was 42.85 in FY2024 (+15.6%), 37.06 in FY2023 (-0.2%), 37.12 in FY2022 (+42.9%) and 25.97 in FY2021.
- Quarterly Price to Earnings has run from a low of 21.52 in Q2 2022 to a high of 15221.22 in Q3 2021 over five years.
- On a year-over-year basis, Price to Earnings increased in two of the last six quarters, with an average decline of 24.2%.
- The strongest year-over-year quarter for Price to Earnings in the past five years was Q2 2024, with growth of 499.7%; the weakest was Q3 2022, with a decline of 99.9%.
- According to Business Quant data, Price to Earnings for the three prior quarters was 22.48 (Q1 2026), 46.05 (Q4 2025) and 43.54 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - |
| 10 | Southwest Airlines | 18.96 Bn | 5.59 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.05 |
| Mar 31, 2026 | 22.48 |
| Dec 31, 2025 | 46.05 |
| Sep 30, 2025 | 43.54 |
| Jun 30, 2025 | 43.46 |
| Mar 31, 2025 | 35.05 |
| Dec 31, 2024 | 42.94 |
| Jun 30, 2024 | 222.62 |
| Mar 31, 2024 | 44.45 |
| Dec 31, 2023 | 37.06 |
| Sep 30, 2023 | 32.47 |
| Jun 30, 2023 | 37.12 |
| Mar 31, 2023 | 29.43 |
| Dec 31, 2022 | 37.12 |
| Sep 30, 2022 | 22.14 |
| Jun 30, 2022 | 21.52 |
| Mar 31, 2022 | 46.50 |
| Dec 31, 2021 | 25.95 |
| Sep 30, 2021 | 15,221.22 |
| Jun 30, 2020 | 122.94 |
API Access
Southwest Airlines Price to Earnings 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=price-to-earnings&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();