Southwest Airlines Company (LUV)

Return on equity (ROE)

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Net income US$ in thousands 441,000 465,000 465,000 539,000 977,000
Total stockholders’ equity US$ in thousands 7,981,000 10,350,000 10,515,000 10,687,000 10,414,000
ROE 5.53% 4.49% 4.42% 5.04% 9.38%

December 31, 2025 calculation

ROE = Net income ÷ Total stockholders’ equity
= $441,000K ÷ $7,981,000K
= 5.53%