Southwest Airlines Company (LUV) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Southwest Airlines Company (LUV) has a cash flow conversion efficiency ratio of 0.206x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($1.42 Billion) by net assets ($6.88 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see LUV market cap overview for the company's overall valuation and market capitalisation.
Southwest Airlines Company - Cash Flow Conversion Efficiency Trend (1989–2025)
This chart illustrates how Southwest Airlines Company's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Southwest Airlines Company Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Southwest Airlines Company ranked by their cash flow conversion efficiency. Explore Southwest Airlines Company cash earnings quality to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Hyundai Motor India Ltd
NSE:HYUNDAI
|
0.045x |
|
Expeditors International of Washington, Inc.
NASDAQ:EXPD
|
0.088x |
|
Hua Nan Financial Holdings Co Ltd
TW:2880
|
0.071x |
|
China Coal Energy Co Ltd
SHG:601898
|
0.063x |
|
Cerebras Systems Inc. Class A Common Stock
NASDAQ:CBRS
|
0.004x |
|
SNAM S.P.A. ADR 2
F:SNM0
|
N/A |
|
China United Network Communications Ltd
SHG:600050
|
0.087x |
|
MTN Group Ltd
JSE:MTN
|
0.255x |
Annual Cash Flow Conversion Efficiency for Southwest Airlines Company (1989–2025)
The table below shows the annual cash flow conversion efficiency of Southwest Airlines Company from 1989 to 2025. View Southwest Airlines Company (LUV) share price today for real-time trading data and today's change.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $7.98 Billion | $1.84 Billion | 0.231x | +417.05% |
| 2024-12-31 | $10.35 Billion | $462.00 Million | 0.045x | -85.17% |
| 2023-12-31 | $10.52 Billion | $3.16 Billion | 0.301x | -15.15% |
| 2022-12-31 | $10.69 Billion | $3.79 Billion | 0.355x | +59.05% |
| 2021-12-31 | $10.41 Billion | $2.32 Billion | 0.223x | +275.61% |
| 2020-12-31 | $8.88 Billion | $-1.13 Billion | -0.127x | -131.31% |
| 2019-12-31 | $9.83 Billion | $3.99 Billion | 0.406x | -18.34% |
| 2018-12-31 | $9.85 Billion | $4.89 Billion | 0.497x | +31.83% |
| 2017-12-31 | $10.43 Billion | $3.93 Billion | 0.377x | -25.93% |
| 2016-12-31 | $8.44 Billion | $4.29 Billion | 0.509x | +15.57% |
| 2015-12-31 | $7.36 Billion | $3.24 Billion | 0.440x | -2.43% |
| 2014-12-31 | $6.43 Billion | $2.90 Billion | 0.451x | +32.89% |
| 2013-12-31 | $7.34 Billion | $2.49 Billion | 0.339x | +14.70% |
| 2012-12-31 | $6.97 Billion | $2.06 Billion | 0.296x | +46.93% |
| 2011-12-31 | $6.88 Billion | $1.39 Billion | 0.201x | -19.53% |
| 2010-12-31 | $6.24 Billion | $1.56 Billion | 0.250x | +38.89% |
| 2009-12-31 | $5.47 Billion | $985.00 Million | 0.180x | +155.84% |
| 2008-12-31 | $4.71 Billion | $-1.52 Billion | -0.323x | -178.74% |
| 2007-12-31 | $6.94 Billion | $2.85 Billion | 0.410x | +88.00% |
| 2006-12-31 | $6.45 Billion | $1.41 Billion | 0.218x | -36.81% |
| 2005-12-31 | $6.46 Billion | $2.23 Billion | 0.345x | +64.74% |
| 2004-12-31 | $5.52 Billion | $1.16 Billion | 0.209x | -23.70% |
| 2003-12-31 | $4.87 Billion | $1.34 Billion | 0.275x | +133.33% |
| 2002-12-31 | $4.42 Billion | $520.21 Million | 0.118x | -68.19% |
| 2001-12-31 | $4.01 Billion | $1.48 Billion | 0.370x | -1.67% |
| 2000-12-31 | $3.45 Billion | $1.30 Billion | 0.376x | +6.55% |
| 1999-12-31 | $2.84 Billion | $1.00 Billion | 0.353x | -4.48% |
| 1998-12-31 | $2.40 Billion | $886.13 Million | 0.370x | +21.59% |
| 1997-12-31 | $2.01 Billion | $610.59 Million | 0.304x | -18.57% |
| 1996-12-31 | $1.65 Billion | $615.23 Million | 0.373x | +16.71% |
| 1995-12-31 | $1.43 Billion | $456.44 Million | 0.320x | -4.00% |
| 1994-12-31 | $1.24 Billion | $412.67 Million | 0.333x | -10.59% |
| 1993-12-31 | $1.05 Billion | $392.70 Million | 0.373x | +20.34% |
| 1992-12-31 | $854.30 Million | $264.50 Million | 0.310x | +88.56% |
| 1991-12-31 | $628.50 Million | $103.20 Million | 0.164x | -11.24% |
| 1990-12-31 | $604.90 Million | $111.90 Million | 0.185x | -35.33% |
| 1989-12-31 | $587.30 Million | $168.00 Million | 0.286x | -- |
About Southwest Airlines Company
Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and internationally. It also provides Rapid Rewards loyalty program; SWABIZ, an online booking tool; and inflight entertainment platform that includes movies-on-demand live and on-demand television, flight tracker, and additional curated content, as well as a var… Read more