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. See LUV net asset quality score to measure how much of total assets are equity-financed.
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. Check Southwest Airlines Company cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Publicis Groupe SA
PA:PUB
|
0.340x |
|
BE SEMICON.INDS NY EO091
F:BSIA
|
0.115x |
|
Merck KGaA
XETRA:MRK
|
0.045x |
|
BOUYGUES UNSP.ADR 1/5/EO1
F:BYG0
|
0.242x |
|
Amcor Plc
AU:AMC
|
0.016x |
|
MTU Aero Engines AG
XETRA:MTX
|
0.106x |
|
China Tungsten and Hightech Materials Co Ltd
SHE:000657
|
0.031x |
|
CHINA SHENHUA EN.A ADR/4
F:IKFC
|
N/A |
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. For the full company profile with market capitalisation and key ratios, see LUV company net worth.
| 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