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. Check how strategically is Southwest Airlines Company's equity deployed to assess the company's strategic physical and investment asset allocation.
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. See LUV book value for net asset value and shareholders' equity analysis.
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 |
|
Shanghai Precise Packaging Co Ltd
SHE:300442
|
0.030x |
|
CH Robinson Worldwide Inc
NASDAQ:CHRW
|
0.040x |
|
SoFi Technologies Inc.
NASDAQ:SOFI
|
0.011x |
|
Zscaler Inc
NASDAQ:ZS
|
0.226x |
|
Naver Corporation
KO:035420
|
0.033x |
|
CHINA SHENHUA EN.A ADR/4
F:IKFC
|
N/A |
|
Banco Santander (Brasil) S.A.
SA:SANB11
|
-0.157x |
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 stock market capitalisation.
| 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