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Side-by-side financial comparison of Aptiv (APTV) and Southwest Airlines (LUV). Click either name above to swap in a different company.
Southwest Airlines is the larger business by last-quarter revenue ($7.2B vs $5.2B, roughly 1.4× Aptiv). Southwest Airlines runs the higher net margin — 3.1% vs 2.7%, a 0.5% gap on every dollar of revenue. On growth, Southwest Airlines posted the faster year-over-year revenue change (12.8% vs 5.0%). Over the past eight quarters, Aptiv's revenue compounded faster (2.5% CAGR vs -0.7%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
Southwest Airlines is a major low-cost airline of the United States. It is headquartered in the Love Field neighborhood of Dallas, Texas. It is the fourth-largest airline in North America when measured by passengers carried, as of 2024. With its all-Boeing 737 fleet, Southwest serves over 100 destinations in 42 states, Washington, D.C.
APTV vs LUV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $7.2B |
| Net Profit | $138.0M | $227.0M |
| Gross Margin | 18.7% | — |
| Operating Margin | 8.2% | — |
| Net Margin | 2.7% | 3.1% |
| Revenue YoY | 5.0% | 12.8% |
| Net Profit YoY | -48.5% | 252.3% |
| EPS (diluted) | $0.63 | $0.45 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $7.2B | ||
| Q4 25 | $5.2B | $7.4B | ||
| Q3 25 | $5.2B | $6.9B | ||
| Q2 25 | $5.2B | $7.2B | ||
| Q1 25 | $4.8B | $6.4B | ||
| Q4 24 | $4.9B | $6.9B | ||
| Q3 24 | $4.9B | $6.9B | ||
| Q2 24 | $5.1B | $7.4B |
| Q1 26 | — | $227.0M | ||
| Q4 25 | $138.0M | $323.0M | ||
| Q3 25 | $-355.0M | $54.0M | ||
| Q2 25 | $393.0M | $213.0M | ||
| Q1 25 | $-11.0M | $-149.0M | ||
| Q4 24 | $268.0M | $262.0M | ||
| Q3 24 | $363.0M | $67.0M | ||
| Q2 24 | $938.0M | $367.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 18.6% | — | ||
| Q2 24 | 19.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | 5.3% | ||
| Q3 25 | -3.4% | 0.5% | ||
| Q2 25 | 9.3% | 3.1% | ||
| Q1 25 | 9.3% | -3.5% | ||
| Q4 24 | 9.8% | 4.0% | ||
| Q3 24 | 10.4% | 0.6% | ||
| Q2 24 | 8.7% | 5.4% |
| Q1 26 | — | 3.1% | ||
| Q4 25 | 2.7% | 4.3% | ||
| Q3 25 | -6.8% | 0.8% | ||
| Q2 25 | 7.5% | 2.9% | ||
| Q1 25 | -0.2% | -2.3% | ||
| Q4 24 | 5.5% | 3.8% | ||
| Q3 24 | 7.5% | 1.0% | ||
| Q2 24 | 18.6% | 5.0% |
| Q1 26 | — | $0.45 | ||
| Q4 25 | $0.63 | $0.56 | ||
| Q3 25 | $-1.63 | $0.10 | ||
| Q2 25 | $1.80 | $0.39 | ||
| Q1 25 | $-0.05 | $-0.26 | ||
| Q4 24 | $1.22 | $0.46 | ||
| Q3 24 | $1.48 | $0.11 | ||
| Q2 24 | $3.47 | $0.58 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $3.3B |
| Total DebtLower is stronger | $7.5B | $5.4B |
| Stockholders' EquityBook value | $9.2B | $6.9B |
| Total Assets | $23.4B | $20.4B |
| Debt / EquityLower = less leverage | 0.81× | 0.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $1.6B | $3.0B | ||
| Q2 25 | $1.4B | $3.8B | ||
| Q1 25 | $1.1B | $8.3B | ||
| Q4 24 | $1.6B | $8.7B | ||
| Q3 24 | $1.8B | $9.4B | ||
| Q2 24 | $2.2B | $10.0B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | $7.5B | $4.6B | ||
| Q3 25 | $7.6B | $4.1B | ||
| Q2 25 | $7.8B | $4.1B | ||
| Q1 25 | $7.6B | $4.1B | ||
| Q4 24 | $7.8B | $5.1B | ||
| Q3 24 | $8.3B | $5.1B | ||
| Q2 24 | $5.5B | $5.1B |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $9.2B | $8.0B | ||
| Q3 25 | $9.3B | $7.8B | ||
| Q2 25 | $9.7B | $8.0B | ||
| Q1 25 | $9.0B | $9.4B | ||
| Q4 24 | $8.8B | $10.3B | ||
| Q3 24 | $8.9B | $10.4B | ||
| Q2 24 | $11.5B | $10.5B |
| Q1 26 | — | $20.4B | ||
| Q4 25 | $23.4B | $29.1B | ||
| Q3 25 | $23.5B | $28.3B | ||
| Q2 25 | $23.9B | $28.7B | ||
| Q1 25 | $23.1B | $33.2B | ||
| Q4 24 | $23.5B | $33.8B | ||
| Q3 24 | $24.8B | $34.8B | ||
| Q2 24 | $24.8B | $35.6B |
| Q1 26 | — | 0.78× | ||
| Q4 25 | 0.81× | 0.57× | ||
| Q3 25 | 0.82× | 0.52× | ||
| Q2 25 | 0.80× | 0.51× | ||
| Q1 25 | 0.85× | 0.44× | ||
| Q4 24 | 0.89× | 0.49× | ||
| Q3 24 | 0.93× | 0.49× | ||
| Q2 24 | 0.48× | 0.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $818.0M | $1.4B |
| Free Cash FlowOCF − Capex | $651.0M | — |
| FCF MarginFCF / Revenue | 12.6% | — |
| Capex IntensityCapex / Revenue | 3.2% | 8.7% |
| Cash ConversionOCF / Net Profit | 5.93× | 6.25× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $818.0M | $294.0M | ||
| Q3 25 | $584.0M | $287.0M | ||
| Q2 25 | $510.0M | $401.0M | ||
| Q1 25 | $273.0M | $860.0M | ||
| Q4 24 | $1.1B | $476.0M | ||
| Q3 24 | $499.0M | $113.0M | ||
| Q2 24 | $643.0M | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | $651.0M | $-565.0M | ||
| Q3 25 | $441.0M | $-391.0M | ||
| Q2 25 | $361.0M | $-234.0M | ||
| Q1 25 | $76.0M | $359.0M | ||
| Q4 24 | $894.0M | $16.0M | ||
| Q3 24 | $326.0M | $-404.0M | ||
| Q2 24 | $417.0M | $-517.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.6% | -7.6% | ||
| Q3 25 | 8.5% | -5.6% | ||
| Q2 25 | 6.9% | -3.2% | ||
| Q1 25 | 1.6% | 5.6% | ||
| Q4 24 | 18.2% | 0.2% | ||
| Q3 24 | 6.7% | -5.9% | ||
| Q2 24 | 8.3% | -7.0% |
| Q1 26 | — | 8.7% | ||
| Q4 25 | 3.2% | 11.5% | ||
| Q3 25 | 2.7% | 9.8% | ||
| Q2 25 | 2.9% | 8.8% | ||
| Q1 25 | 4.1% | 7.8% | ||
| Q4 24 | 3.4% | 6.6% | ||
| Q3 24 | 3.6% | 7.5% | ||
| Q2 24 | 4.5% | 6.7% |
| Q1 26 | — | 6.25× | ||
| Q4 25 | 5.93× | 0.91× | ||
| Q3 25 | — | 5.31× | ||
| Q2 25 | 1.30× | 1.88× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.96× | 1.82× | ||
| Q3 24 | 1.37× | 1.69× | ||
| Q2 24 | 0.69× | -0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
