Company / Operating Margin
Southwest Airlines Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
1.5%
FY2025
5-year range
0.9% / 13.2%
FY2021-FY2025
Trend
+30.8%
vs FY2024
Sector context
#247 of 304
Industrials
What the data says
Southwest Airlines's operating margin of 1.5% is lower than 81% of companies in the Industrials sector (FY2025). Improved from 0.9% to 1.5% over the past 2 years.
Based on SEC 10-K filings.
1.5% in FY2025 with a 5-year CAGR of -13.1%.
Improved from 0.9% to 1.5% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -2.7pp
- 5-Year Change
- -13.1pp
- 10-Year Change
- -
Sector benchmark
Bottom 19% in IndustrialsTop 81% of 304This company 1.5% Sector average -842.8%
▼
+100.2% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 30.8% year-over-year.
- Currently 844.3pp above the Industrials sector average.
- Peak operating margin was recorded in FY2018.
- Lowest operating margin in the period was in FY2023.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 1.5% | +30.8% |
| FY2024 | 1.2% | +36.0% |
| FY2023 | 0.9% | -79.9% |
| FY2022 | 4.3% | -67.6% |
| FY2021 | 13.2% | -9.7% |
| FY2020 | 14.6% | -77.9% |
| FY2019 | 66.2% | -7.1% |
| FY2018 | 71.2% | +2.1% |
| FY2017 | 69.8% | +304.7% |
| FY2016 | 17.2% | -17.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026