← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Southwest Airlines: Revenue grew 2.1% to $28.063B from $27.483B. Net income declined 5.2% to $441M from $465M. Free cash flow remained negative, with the outflow narrowing from $1.592B to $831M. Operating margin expanded 36 bps to 1.53%. Southwest Airlines's annual comparison also shows stock compensation grew faster than revenue; capital spending grew faster than revenue; the manipulation screen is flagged and should be investigated as a warning rather than treated as proof.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 2.1%OK
- Profitability — Net income declined 5.2% to $441M from $465MWatch
- Cash flow — Free cash flow remained negative, with the outflow narrowing from $1.592B to $831MOK
- Margins — Operating margin expanded 36 bps to 1.53%OK
- Accounting — Flagged statistical warning; not proofWatch
- Insiders — 2 purchases and 2 salesOK
Business
Southwest Airlines operates a primarily domestic passenger airline.
Where the revenue comes from
Fiscal 2025, as SOUTHWEST AIRLINES CO reports it. History and quarterly detail are in the app.
- Passenger$25.5B
- Other Revenue$2.6B
- Other$2.4B
- Freight$171.0M
Leadership changes
From SOUTHWEST AIRLINES CO's own filings, the day they're filed.
- Tammy Romo · Chief Financial Officer · departureeff. 2025-04-01
- Southwest Airlines Co · Chief Financial Officer · departureeff. 2025-04-01
- Linda Rutherford · Chief Administration Officer · departureeff. 2025-04-01
Latest filings
- 8-K · Company announcement2026-08-12
- 8-K · Company announcement2026-08-10
- 8-K · Company announcement2026-08-07
- 10-Q · Quarterly report2026-07-23
- 8-K · Company announcement2026-07-22
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about SOUTHWEST AIRLINES CO, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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