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NYSE · Air Transportation, Scheduled · CIK 0000092380
$39.62
-0.05% · delayed 15 min
$23.48B market value
What this company does
SOUTHWEST AIRLINES runs airlines. It took in $28.06B last year, which makes it a large company. Of every dollar it sells, about 2 cents is left as profit.
Financial health
Generally healthy, with a few things to watch.
From SOUTHWEST AIRLINES CO's FY2025 annual filing · share price scored separately
Every check behind the three models, and what each one tests
Measured against FY2024, from the 10-K
Deteriorated: -5.2%
$465.0M to $441.0M
Improved: $761.0M narrower
-$1.59B to -$831.0M
Improved: -26.4%
$6.70B
It makes a profit rather than burning through money.
$441.0M earned last year
Day-to-day operations generate real cash, not just accounting profit.
$1.84B cash from operations
Its debt is small next to the cash the business produces.
about 0.9 years of cash flow to clear
More bills fall due within a year than it holds in short-term assets.
0.52x cover on near-term bills
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 4.2% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 2 cents of every dollar of sales as profit, earning $441.0M last year. Note that after $2.67B of spending on property and equipment, it consumed $831.0M more cash than it generated.
What it earns, what it keeps, and what it costs to run — all from the same filing
Whether the dividend is covered by what the business actually earns
It pays out 90 cents of every dollar of profit, which leaves little room for the payment to survive a bad year. It paid out 22% of the cash its operations generated. It has paid in each of the last 3 years.
MixedFigures from the FY2025 annual filing
Last year it earned $441.0M and generated $1.84B of cash from operations.
Reported annual figures
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Go deeper
Every figure above traces back to one of these filings.
Straight from SEC EDGAR — the original source for every figure above
| Filing | Filed | Covers to |
|---|---|---|
| Major event announcement(8-K) | 2026-08-12 | 2026-08-10 |
| Major event announcement(8-K) | 2026-08-10 | 2026-08-10 |
Financial figures are from LUV's 10-K for fiscal year 2025 (period ending 2025-12-31), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
6 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
1.14
In the grey zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -57.0%
$7.51B to $3.23B
Changed: +30.1%
$2.05B to $2.67B
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Nothing here reads the management commentary, which is where a company explains its own numbers.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Barely. Sales were roughly flat, up 2.1%.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $1.38 in assets.
Expensive. Investors pay $53.2 for every $1 of yearly profit, so a lot of future growth is already priced in.
This company has not reported enough of the required figures to calculate this score.
At a glance
| Major event announcement(8-K) | 2026-08-07 | 2026-08-05 |
| Quarterly report(10-Q) | 2026-07-23 | 2026-06-30 |
| Major event announcement(8-K) | 2026-07-22 | 2026-07-22 |
| Major event announcement(8-K) | 2026-05-19 | 2026-05-19 |
| Major event announcement(8-K) | 2026-05-11 | 2026-05-07 |
| Quarterly report(10-Q) | 2026-04-23 | 2026-03-31 |
| Major event announcement(8-K) | 2026-04-22 | 2026-04-22 |
| Shareholder voting information(DEF 14A) | 2026-03-27 | 2026-05-07 |
| Major event announcement(8-K) | 2026-03-12 | 2026-03-11 |
| Major event announcement(8-K) | 2026-02-10 | 2026-02-09 |
| Annual report (amended)(10-K/A) | 2026-02-06 | 2025-12-31 |
| Annual report(10-K) | 2026-02-05 | 2025-12-31 |
| Major event announcement(8-K) | 2026-01-28 | 2026-01-28 |
| Major event announcement(8-K) | 2025-12-05 | 2025-12-05 |
| Major event announcement(8-K) | 2025-11-03 | 2025-11-03 |
| Quarterly report(10-Q) | 2025-10-23 | 2025-09-30 |
| Major event announcement(8-K) | 2025-10-22 | 2025-10-22 |
| Quarterly report(10-Q) | 2025-07-24 | 2025-06-30 |
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Primary sources and further research