Southwest Airlines Company Cash Flow Conversion Efficiency
Southwest Airlines Company 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 market value of Southwest Airlines Company for the company's overall valuation and market capitalisation.
Cash Flow Conversion Efficiency of Southwest Airlines Company (1989–2025)
Cash flow conversion efficiency of Southwest Airlines Company from 1989 to 2025. This chart illustrates how Southwest Airlines Company's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Southwest Airlines Company (LUV) stock price for real-time trading data and today's change.
Southwest Airlines Company Cash Flow Conversion Ratio Explained
Southwest Airlines Company cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
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. Review cash generation quality of Southwest Airlines Company to assess how much free cash flow the company generates relative to operating cash flow.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Publicis Groupe SA
PA:PUB
|
0.340x |
|
Lens Technology Co Ltd
SHE:300433
|
-0.003x |
|
BOUYGUES UNSP.ADR 1/5/EO1
F:BYG0
|
0.015x |
|
China Everbright Bank Co Ltd
SHG:601818
|
-0.062x |
|
First Quantum Minerals Ltd
TO:FM
|
0.011x |
|
Banco Santander (Brasil) S.A.
SA:SANB11
|
-0.157x |
|
PTT Exploration and Production Public Company Limited
BK:PTTEP
|
0.085x |
|
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. Also see Southwest Airlines Company balance sheet assets for a full breakdown of the balance sheet.
| 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