SOUTHWEST AIRLINES CO (LUV) Return on equity 2016–2025
SOUTHWEST AIRLINES CO (LUV) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
5.5%FY2025 · since FY2016: 28.0% → 5.5%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 5.5% | +1.0 pp |
| FY2024 | 4.5% | +0.1 pp |
| FY2023 | 4.4% | -0.6 pp |
| FY2022 | 5.0% | -4.3 pp |
| FY2021 | 9.4% | +44.0 pp |
| FY2020 | -34.6% | -58.0 pp |
| FY2019 | 23.4% | -1.6 pp |
| FY2018 | 25.0% | -9.8 pp |
| FY2017 | 34.8% | +6.8 pp |
| FY2016 | 28.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice