Revenue (FY 2025)
↑2.1% YoY
$28.06B
3-Yr CAGR: 5.6%
Net Income
↓-5.2% YoY
$441.00M
Net Margin: 1.6%
Free Cash Flow
↑544.5% YoY
$1.82B
FCF Yield: 9.48%
EPS (Diluted)
↑3.9% YoY
$0.79
Basic: $0.82
Return on Equity
Efficiency
5.5%
ROA: 1.5%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (LUV)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Div / Sh | Div Yield | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $20,425.0M | — | $20,303.0M | $2,244.0M | — | $3.55 | — | $0.38 | 0.75% | $4,293.0M | $2,255.0M | — |
| FY 2017 | $21,171.0M | +3.7% | $21,057.0M | $3,488.0M | +55.4% | $5.79 | +63.1% | $0.47 | 0.73% | $3,929.0M | $1,806.0M | -19.9% |
| FY 2018 | $21,965.0M | +3.8% | $21,834.0M | $2,465.0M | -29.3% | $4.29 | -25.9% | $0.58 | 1.24% | $4,893.0M | $2,971.0M | +64.5% |
| FY 2019 | $22,428.0M | +2.1% | $22,310.0M | $2,300.0M | -6.7% | $4.27 | -0.5% | $0.69 | 1.28% | $3,987.0M | $2,960.0M | -0.4% |
| FY 2020 | $9,048.0M | -59.7% | $8,699.0M | $-3,074.0M | -233.7% | $-5.44 | -227.4% | $0.33 | 0.71% | $-1,127.0M | $-1,642.0M | -155.5% |
| FY 2021 | $15,790.0M | +74.5% | $15,323.0M | $977.0M | +131.8% | $1.61 | +129.6% | — | 0.00% | $2,322.0M | $1,817.0M | +210.7% |
| FY 2022 | $23,814.0M | +50.8% | $23,474.0M | $539.0M | -44.8% | $0.87 | -46.0% | — | 0.00% | $3,790.0M | $3,768.0M | +107.4% |
| FY 2023 | $26,091.0M | +9.6% | $25,832.0M | $465.0M | -13.7% | $0.76 | -12.6% | $0.72 | 2.49% | $3,164.0M | $3,164.0M | -16.0% |
| FY 2024 | $27,483.0M | +5.3% | $27,234.0M | $465.0M | 0.0% | $0.76 | 0.0% | $0.72 | 2.14% | $462.0M | $-409.0M | -112.9% |
| FY 2025 | $28,063.0M | +2.1% | $27,896.0M | $441.0M | -5.2% | $0.79 | +3.9% | $0.72 | 1.74% | $1,842.0M | $1,818.0M | +544.5% |
Valuation
Market Price
$39.23
Market Cap
$19.17B
Enterprise Value
$21.20B
P/E Ratio
49.66
P/B Ratio
2.40
FCF Yield
9.48%
Dividend Yield
1.84%
Shares Outstanding
Profitability & Margins
Gross Margin
99.40%
Operating Margin
1.53%
Net Margin
1.57%
Return on Equity (ROE)
5.53%
Return on Assets (ROA)
1.52%
Asset Turnover
0.97x
Revenue 3-Yr CAGR
5.63%
Financial Health & Liquidity
Current Ratio
0.52
Cash Ratio
0.30
Debt / Equity
0.658
Debt / Assets
0.181
Cash & Equivalents
$3.23B
Total Debt
$5.25B
Book Value / Share
$16.33
Cash Flow Efficiency
Operating Cash Flow
$1.84B
Capital Expenditures (CapEx)
$24.00M
Free Cash Flow
$1.82B
OCF / Revenue
6.56%
FCF / Revenue
6.48%
FCF 3-Yr CAGR
-21.57%
Per Share Metrics
EPS (Diluted)
$0.79
EPS (Basic)
$0.82
Dividends / Share
$0.72
Book Value / Share
$16.33
EPS YoY Growth
3.95%
Balance Sheet (FY 2025)
Total Assets
$29.06B
Total Liabilities
$21.08B
Stockholders' Equity
$7.98B
Current Assets
$5.64B
Current Liabilities
$10.92B