Southwest Airlines Co · Air Transportation, Scheduled

LUV

Low riskNext report: Around Jan 27, 2027 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 21% in the latest quarter vs a year ago
Profitable
Sales growth speeding up

Money moves

No insider buying or selling in the last 30 days
Institutions added 4.5% to their holdings in the quarter ending June 2026 (460 bought, 377 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$42.86+2.7% that day

Company value: $21.0B; Share price times all shares
Price vs profit (P/E): 20.9x; You pay about $21 for each $1 of yearly profit
Price vs sales: 0.67x; Company value is 0.67 times a year of sales
Dividend yield: 1.7%; Yearly dividend as a share of today's price
Cash vs value: 17%; Cash as a share of company value
Debt vs value: 23%; Debt as a share of company value

From LUV's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$8.4B+21% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $31.5B, up 14% from the 12 months before. Over 5 years, sales grew about 25% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of LUV. Starting points are the company's recent numbers.

Sales growth+14% a yearRecently: +14% a yearProfit margin3%Last 12 months: 3.3%P/E at the end21xToday: 20.9x. Many steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$60.7B

Profit in 5 years$1.8B

Price these guesses point to$101.00+136% vs $42.86 todayAbout +19% a year, before dividends

What today's price needs: with a 3% margin and a 21x P/E, sales could shrink about 4.0% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.4.8%
MissDebt under half of equityNot relying on borrowed money.0.62x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.6%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.8B
PassShare count not growingNot diluting owners. Falling means buybacks.-18.0% in 3 years

Revenue: $28.1B; +2.1% vs prior year
5-year growth: +25.4%/yr; revenue, per year
Total debt: $4.9B; 0.62x equity
Current ratio: 0.52x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Sep 30, 2026

Reported Oct 21After close4:16 pm ET

Revenue: $8.4B; +21.2% YoY
EPS: $0.55; vs $0.10
Op. margin: 4.5%; +4.0 pts
Free cash flow: -$493.0M
Share count: -6.1%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

74/ 100

This week: 4
Normal week: 1.4
vs normal: 2.9x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+4.5%

Institutions added 4.5% to their holdings. 460 bought, 377 sold.

Shares held by institutions454.5M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-6.4%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.5x · $3.7B debt

Shares outstandingLatest reported

490M

Earnings reports

Last 12

Next reportAround Jan 27, 2027 (est.)Estimated from the same quarter last year

Results filedOct 21
Results filedJul 22
Results filedApr 22
Results filedJan 28
Results filedOct 22, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusOct 26 · View filing ↗Offering 5%+ holder update (passive)Oct 7 · View filing ↗Big holder 5%+ holder update (passive)Oct 5 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in the last 10 insider filings. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Offering prospectusOct 26 · Form 424B5 ↗FWPOct 26 · Form FWP ↗Quarterly reportOct 22 · Form 10-Q ↗Earnings resultsOct 21 · Form 8-K ↗5%+ holder update (passive)Oct 7 · Form SCHEDULE 13G/A ↗5%+ holder update (passive)Oct 5 · Form SCHEDULE 13G/A ↗

Stock awardJimmy Ryan MartinezPrincipal Accounting Officer

2,697 shares

+11% of holdings
Now owns 27,941 shares
Filed 2 days after trade

Sep 15Form 4 ↗

Shares withheld for taxesJimmy Ryan MartinezPrincipal Accounting Officer

179 shares at $40.38 · $7K

-1% of holdings
Now owns 25,244 shares
Filed 4 days after trade

Aug 21Form 4 ↗

Major agreementAug 12 · Form 8-K ↗New insiderAug 11 · Form 3 ↗

Stock awardJason T LibertyDirector

3,787 shares

Now owns 3,787 shares
Filed 1 day after trade

Aug 10Form 4 ↗

New insiderAug 11 · Form 3 ↗

Stock awardVarun KrishnaDirector

3,787 shares

Now owns 3,787 shares
Filed 1 day after trade

Aug 10Form 4 ↗

Leadership changeAug 10 · Form 8-K ↗Leadership changeAug 7 · Form 8-K ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

Report a problem with this page

← Back

Southwest Airlines Co · Air Transportation, Scheduled

LUV

Low riskNext report: Around Jan 27, 2027 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 21% in the latest quarter vs a year ago
Profitable
Sales growth speeding up

Money moves

No insider buying or selling in the last 30 days
Institutions added 4.5% to their holdings in the quarter ending June 2026 (460 bought, 377 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$42.86+2.7% that day

Company value: $21.0B; Share price times all shares
Price vs profit (P/E): 20.9x; You pay about $21 for each $1 of yearly profit
Price vs sales: 0.67x; Company value is 0.67 times a year of sales
Dividend yield: 1.7%; Yearly dividend as a share of today's price
Cash vs value: 17%; Cash as a share of company value
Debt vs value: 23%; Debt as a share of company value

From LUV's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$8.4B+21% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $31.5B, up 14% from the 12 months before. Over 5 years, sales grew about 25% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of LUV. Starting points are the company's recent numbers.

Sales in 5 years$60.7B

Profit in 5 years$1.8B

Price these guesses point to$101.00+136% vs $42.86 todayAbout +19% a year, before dividends

What today's price needs: with a 3% margin and a 21x P/E, sales could shrink about 4.0% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.4.8%
MissDebt under half of equityNot relying on borrowed money.0.62x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.6%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.8B
PassShare count not growingNot diluting owners. Falling means buybacks.-18.0% in 3 years

Revenue: $28.1B; +2.1% vs prior year
5-year growth: +25.4%/yr; revenue, per year
Total debt: $4.9B; 0.62x equity
Current ratio: 0.52x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Sep 30, 2026

Reported Oct 21After close4:16 pm ET

Revenue: $8.4B; +21.2% YoY
EPS: $0.55; vs $0.10
Op. margin: 4.5%; +4.0 pts
Free cash flow: -$493.0M
Share count: -6.1%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

74/ 100

This week: 4
Normal week: 1.4
vs normal: 2.9x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+4.5%

Institutions added 4.5% to their holdings. 460 bought, 377 sold.

Shares held by institutions454.5M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-6.4%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.5x · $3.7B debt

Shares outstandingLatest reported

490M

Earnings reports

Last 12

Next reportAround Jan 27, 2027 (est.)Estimated from the same quarter last year

Results filedOct 21
Results filedJul 22
Results filedApr 22
Results filedJan 28
Results filedOct 22, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusOct 26 · View filing ↗Offering 5%+ holder update (passive)Oct 7 · View filing ↗Big holder 5%+ holder update (passive)Oct 5 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in the last 10 insider filings. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Stock awardJimmy Ryan MartinezPrincipal Accounting Officer

2,697 shares

+11% of holdings
Now owns 27,941 shares
Filed 2 days after trade

Sep 15Form 4 ↗

Shares withheld for taxesJimmy Ryan MartinezPrincipal Accounting Officer

179 shares at $40.38 · $7K

-1% of holdings
Now owns 25,244 shares
Filed 4 days after trade

Aug 21Form 4 ↗

Major agreementAug 12 · Form 8-K ↗New insiderAug 11 · Form 3 ↗

Stock awardJason T LibertyDirector

3,787 shares

Now owns 3,787 shares
Filed 1 day after trade

Aug 10Form 4 ↗

New insiderAug 11 · Form 3 ↗

Stock awardVarun KrishnaDirector

3,787 shares

Now owns 3,787 shares
Filed 1 day after trade

Aug 10Form 4 ↗

Leadership changeAug 10 · Form 8-K ↗Leadership changeAug 7 · Form 8-K ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

Report a problem with this page