Southwest Airlines (LUV) Return on Invested Capital (2009 - 2026)

Southwest Airlines (LUV) has 18 years of Return on Invested Capital data on file, last reported at 0.0% in Q2 2026.

• Quarterly Return on Invested Capital changed 0.0% year-over-year to 0.0% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.0% (changed 0.0% YoY) and the FY2025 annual result came in at 0.0%, changed 0.0% from the prior year.
• Return on Invested Capital declined to 0.0% in Q2 2026, from 0.0% in the prior quarter.
• In the past five years, Return on Invested Capital ranged from a high of 0.01% in Q4 2023 to a low of 0.0% in Q3 2024.
• A 5-year average of 0.0% and a median of 0.0% in 2023 frame the typical range for Return on Invested Capital.
• Annual changes were most pronounced in 2022 — Return on Invested Capital gained 1 bps — and 2024, when it slipped 1 bps.
• Tracing LUV's Return on Invested Capital over 5 years: stood at 0.0% in 2022, then soared by 194 bps to 0.01% in 2023, then slumped by 95 bps to 0.0% in 2024, then soared by 149 bps to 0.0% in 2025, then jumped by 287 bps to 0.0% in 2026.
• The last three Return on Invested Capital figures came in at 0.0% (Q2 2026), 0.0% (Q1 2026), and 0.0% (Q4 2025), per Business Quant data.