Southwest Airlines Co. (LUV)

From the record

Southwest Airlines Co.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Southwest Airlines Co.'s 10 filed years say what it did: revenue went from $20 billion in fiscal 2016 to $28 billion in fiscal 2025, up 3.7% a year; it rose in 8 of 9 years; the deepest fall was 60% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Southwest Airlines Co.'s diluted share count shrank about 4.6% a year, and dividends and buybacks returned about 74% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Southwest Airlines Co. earned about 6 cents of profit for every dollar of shareholders' money. Leverage: it owed about 73 cents per dollar of assets, and net share issuance: its share count shrank 13.2% over the year (the filed statements).

From the record

Southwest Airlines Co.'s standing among 14 graded names in its industry family: revenue of $28 billion in fiscal 2025 ranks in the top 29% by size; a net margin of 1.6% ranks in the bottom 46%; revenue growth of 5.6% a year over the last 3 filed years ranks in the bottom 32% (its annual reports).

From the record

Southwest Airlines Co.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Jordan, Robert E (CEO & President, as filed), filing under that title since 2022-02-02, 4.8 years (bottom 45% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 2.2 years (bottom 6%); 14 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (bottom 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Southwest Airlines Co.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3.2 billion against debt of $4.6 billion leaves -4.6% of its assets as net cash, top 28% of its family; cash from operations less capital spending is -3% of revenue (bottom 32%) (its annual report).

From the record

Southwest Airlines Co.'s growth drivers, from the filed years to fiscal 2025: revenue grew 5.6% a year over the last three filed years against 3.7% over all 10, speeding up (top 39% of its family); the newest year grew 2.1% (bottom 25%); capital spending grew -12% a year (bottom 12%) (its annual reports). Southwest Airlines Co. reported 5 product lines in fiscal 2025: Passenger Revenue Non Loyalty at $20 billion (73%), Passenger Loyalty Air Transportation at $3.3 billion (12%), Product and Service Other at $2.4 billion (8%), and 2 more; 2 of 5 grew against the year before (its annual report).

From the record

Southwest Airlines Co.'s newest year against its own record: revenue of $28 billion in fiscal 2025 came in 4.9% below the $30 billion its prior three years' pace pointed to (bottom 39% of its family); net income of $441 million against a prior three-year average of $490 million (bottom 39%); a net margin of 1.6% against 1.9% before (bottom 32%) (its annual reports).