StockOtters
StockOttersSupply Chain Map
Southwest Airlines Co. logo

Southwest Airlines Co.

LUV

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
27,483
Cost of Revenue
23,024
Gross Profit
4,459
Gross Margin
16.2%
Operating Income
321
Operating Margin
1.2%
Net Income
465
Net Margin
1.7%
EPS (Basic)
$0.81
EPS (Diluted)
$0.75
EBITDA
2,469
EBITDA Margin
9.0%

2023

12/31/2023

Revenue
26,091
Cost of Revenue
21,868
Gross Profit
4,223
Gross Margin
16.2%
Operating Income
224
Operating Margin
0.9%
Net Income
465
Net Margin
1.8%
EPS (Basic)
$0.81
EPS (Diluted)
$0.76
EBITDA
2,391
EBITDA Margin
9.2%

2022

12/31/2022

Revenue
23,814
Cost of Revenue
19,062
Gross Profit
4,752
Gross Margin
20.0%
Operating Income
1,017
Operating Margin
4.3%
Net Income
539
Net Margin
2.3%
EPS (Basic)
$0.91
EPS (Diluted)
$0.87
EBITDA
2,380
EBITDA Margin
10.0%

2021

12/31/2021

Revenue
15,790
Cost of Revenue
11,675
Gross Profit
4,115
Gross Margin
26.1%
Operating Income
1,721
Operating Margin
10.9%
Net Income
977
Net Margin
6.2%
EPS (Basic)
$1.65
EPS (Diluted)
$1.61
EBITDA
3,028
EBITDA Margin
19.2%

2020

12/31/2020

Revenue
9,048
Cost of Revenue
10,938
Gross Profit
-1,890
Gross Margin
-20.9%
Operating Income
-3,816
Operating Margin
-42.2%
Net Income
-3,074
Net Margin
-34.0%
EPS (Basic)
$-5.44
EPS (Diluted)
$-5.44
EBITDA
-2,687
EBITDA Margin
-29.7%