Company / Working Capital
Southwest Airlines Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$5.3B
FY2025
5-year range
-$5.3B / $8.9B
FY2021-FY2025
Trend
-426.5%
vs FY2024
Sector context
#341 of 344
Industrials
What the data says
Working Capital changed -427% YoY in FY2025, a notable deviation from the 9-year average annual change of -39%.
Based on SEC 10-K filings.
-$5.3B in FY2025.
Declined from $1.7B to -$5.3B over the past 2 years.
Industrials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 1% in IndustrialsTop 99% of 344This company -$5.3B Sector average $687.7M
▼
-867.2% below sector average
Key checks
Key Insights
- Southwest Airlines's working capital has declined for 4 consecutive years.
- In FY2025, working capital decreased 426.5% year-over-year.
- Ranks #341 out of 344 companies in the Industrials sector.
- Peak working capital was recorded in FY2021.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$5.3B | -426.5% |
| FY2024 | -$1.0B | -159.0% |
| FY2023 | $1.7B | -61.6% |
| FY2022 | $4.4B | -50.1% |
| FY2021 | $8.9B | +15.7% |
| FY2020 | $7.7B | +357.5% |
| FY2019 | -$3.0B | -3.5% |
| FY2018 | -$2.9B | -40.5% |
| FY2017 | -$2.0B | +12.7% |
| FY2016 | -$2.3B | +30.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026