Net Assets for Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's latest reported net assets is $6.88B USD. Net assets — also called stockholders' equity — equal total assets minus total liabilities. They represent the residual claim of shareholders on the company's assets and roughly track book value over time.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet AssetsSwitch metric
Latest period
$6.88B
YoY change
-22.9%
5Y CAGR
-2.1%
Peak year (2022)
$10.69B
Latest annual
$7.98B
Net Assets history chart for Southwest Airlines (LUV) from 1985 to 2025
Net Assets history table for Southwest Airlines (LUV) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Assets | YoY |
|---|---|---|---|---|
| 2025 | $7.98B | -22.9% | ||
| 2024 | $10.35B | -1.6% | ||
| 2023 | $10.52B | -1.6% | ||
| 2022 | $10.69B | +2.6% | ||
| 2021 | $10.41B | +17.3% | ||
| 2020 | $8.88B | -9.7% | ||
| 2019 | $9.83B | -0.2% | ||
| 2018 | $9.85B | -5.5% | ||
| 2017 | $10.43B | +23.6% | ||
| 2016 | $8.44B | +14.7% | ||
| 2015 | $7.36B | +8.6% | ||
| 2014 | $6.78B | -7.6% | ||
| 2013 | $7.34B | +5.3% | ||
| 2012 | $6.97B | +1.3% | ||
| 2011 | $6.88B | +10.3% | ||
| 2010 | $6.24B | +14.1% | ||
| 2009 | $5.47B | +10.4% | ||
| 2008 | $4.95B | -28.6% | ||
| 2007 | $6.94B | +7.6% | ||
| 2006 | $6.45B | -3.4% | ||
| 2005 | $6.67B | +20.8% | ||
| 2004 | $5.52B | +9.3% | ||
| 2003 | $5.05B | +14.3% | ||
| 2002 | $4.42B | +10.2% | ||
| 2001 | $4.01B | +16.3% | ||
| 2000 | $3.45B | +21.7% | ||
| 1999 | $2.84B | +18.3% | ||
| 1998 | $2.40B | +19.4% | ||
| 1997 | $2.01B | +21.9% | ||
| 1996 | $1.65B | +15.5% | ||
| 1995 | $1.43B | +15.2% | ||
| 1994 | $1.24B | +17.5% | ||
| 1993 | $1.05B | +23.4% | ||
| 1992 | $854.30M | +35.9% | ||
| 1991 | $628.50M | +3.9% | ||
| 1990 | $604.90M | +3.0% | ||
| 1989 | $587.30M | +3.5% | ||
| 1988 | $567.40M | +10.3% | ||
| 1987 | $514.30M | +0.5% | ||
| 1986 | $511.90M | +9.8% | ||
| 1985 | $466.00M | — |
Net Assets values are taken from Southwest Airlines's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual net assets for Southwest Airlines (LUV) came in at $7.98B – declined 22.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Southwest Airlines net assets compounded at -2.1% per year, with a net decline across the window.
Southwest Airlines net assets declined from $10.69B in 2022 to $7.98B in 2025, a 25.3% drawdown.
The dataset's maximum net assets sits at $10.69B (2022); the minimum reading of $466.00M dates to 1985.
Among 8 Industrials peers, Southwest Airlines (LUV) ranks 8th; the peer median for net assets is $19.05B.
Southwest Airlines Net Assets by Year
Southwest Airlines Net Assets 2025: $7.98B
Southwest Airlines net assets in 2025 was $7.98B, declined 22.9% below 2024.
Southwest Airlines Net Assets 2024: $10.35B
Southwest Airlines net assets in 2024 was $10.35B, edged down 1.6% below 2023.
Southwest Airlines Net Assets 2023: $10.52B
Southwest Airlines net assets in 2023 was $10.52B, edged down 1.6% below 2022.
Southwest Airlines Net Assets 2022: $10.69B
Southwest Airlines net assets in 2022 was $10.69B, edged up 2.6% from 2021. This figure represents the highest annual value in the available history.
Southwest Airlines Net Assets 2021: $10.41B
Southwest Airlines net assets in 2021 was $10.41B.
See more financial history for Southwest Airlines (LUV).
Sector peers — Net Assets
Companies in the same sector as Southwest Airlines, ranked by their latest net assets.
| Company | Net Assets | Sector |
|---|---|---|
| RTX Corporation (RTX) | $65.25B | Industrials |
| Deere & Company (DE) | $25.95B | Industrials |
| Caterpillar Inc. (CAT) | $21.32B | Industrials |
| Eaton Corporation plc (ETN) | $19.43B | Industrials |
| GE Aerospace (GE) | $18.68B | Industrials |
| Union Pacific Corporation (UNP) | $18.47B | Industrials |
| Honeywell International Inc. (HON) | $15.44B | Industrials |
| The Boeing Company (BA) | $5.45B | Industrials |
Frequently asked questions
What is Southwest Airlines's net assets?
- Latest reported net assets for Southwest Airlines (LUV) is $6.88B (period ending March 31, 2026).
How has Southwest Airlines net assets changed year-over-year?
- Southwest Airlines (LUV) net assets changed -22.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Southwest Airlines net assets?
- Southwest Airlines (LUV) net assets compound annual growth rate is -2.1% over the most recent 5 years available.
When did Southwest Airlines net assets hit its highest annual value?
- Southwest Airlines net assets reached its highest annual value of $10.69B in 2022.
What was Southwest Airlines net assets in 2024?
- Southwest Airlines (LUV) net assets in 2024 was $10.35B.
What was Southwest Airlines net assets in 2025?
- Southwest Airlines (LUV) net assets in 2025 was $7.98B.
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