Southwest Airlines vs Ryanair Holdings
Southwest Airlines is the larger business, with $28.06bn of revenue in fiscal 2025 against $18.02bn for Ryanair Holdings (1.6 times as much). Ryanair Holdings grew faster (20.3% against 2.1%). Ryanair Holdings kept more of each dollar of sales as profit: a net margin of 14.0% against 1.6%. Ryanair Holdings carries less debt relative to equity (14.8% against 61.8%).
| Latest fiscal year | Southwest AirlinesLUV, 2025 | Ryanair HoldingsRYAAY, 2026 |
|---|---|---|
| Revenue | $28.06bn | $18.02bn |
| Revenue growth | 2.1% | 20.3% |
| Net income | $441m | $2.52bn |
| Operating margin | 1.5% | 15.3% |
| Net margin | 1.6% | 14.0% |
| Return on equity | 4.8% | 26.2% |
| Free cash flow | −$831m | $2.09bn |
| Cash | $3.23bn | $3.15bn |
| Total debt | $4.93bn | $1.72bn |
| Debt to equity | 61.8% | 14.8% |
| Dividend per share | $0.72 | — |
| Dividend yield | 1.6% | 1.8% |
| Share buybacks | $2.55bn | $622m |
| Employees | — | — |
| Market value | $21.52bn | $29.08bn |
| Price vs our value range | — | Below our value range |
| Moat score | 33 (Weak) | — |
| Insider trades, 12 months | 0 buys, 2 sales | 0 buys, 11 sales |