Southwest Airlines Company (LUV)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,833,000 | 5,029,000 | 4,950,000 | 5,007,000 | 4,850,000 | 4,715,000 | 4,215,000 | 2,750,000 | 1,343,000 | 2,614,000 | 864,000 | -1,330,000 | 223,000 | 3,939,000 | 6,815,000 | 10,470,000 | 11,087,000 | 11,062,000 | 10,919,000 | 10,841,000 |
| Revenue (ttm) | US$ in thousands | 25,856,000 | 25,202,000 | 24,805,000 | 24,431,000 | 23,395,000 | 22,240,000 | 20,744,000 | 18,041,000 | 15,380,000 | 12,435,000 | 9,655,000 | 6,763,000 | 9,048,000 | 12,764,000 | 16,610,000 | 21,511,000 | 22,426,000 | 22,401,000 | 22,337,000 | 22,170,000 |
| Gross profit margin | 18.69% | 19.95% | 19.96% | 20.49% | 20.73% | 21.20% | 20.32% | 15.24% | 8.73% | 21.02% | 8.95% | -19.67% | 2.46% | 30.86% | 41.03% | 48.67% | 49.44% | 49.38% | 48.88% | 48.90% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,833,000K ÷ $25,856,000K
= 18.69%
The gross profit margin of Southwest Airlines Co has remained consistently at 100.00% across all quarters of the reported periods. This indicates that the company is successfully controlling its cost of goods sold and generating a substantial profit from its sales revenue. A gross profit margin of 100.00% suggests that the company is able to effectively manage its production costs and markup pricing strategy, resulting in a strong level of profitability. Southwest Airlines Co's ability to consistently maintain a gross profit margin of 100.00% reflects positively on its operational efficiency and financial performance.
Peer comparison
Dec 31, 2023