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Side-by-side financial comparison of Southwest Airlines (LUV) and US Foods Holding Corp. (USFD). Click either name above to swap in a different company.
US Foods Holding Corp. is the larger business by last-quarter revenue ($9.8B vs $7.2B, roughly 1.4× Southwest Airlines). Southwest Airlines runs the higher net margin — 3.1% vs 1.9%, a 1.3% gap on every dollar of revenue. On growth, Southwest Airlines posted the faster year-over-year revenue change (12.8% vs 3.3%). Over the past eight quarters, US Foods Holding Corp.'s revenue compounded faster (4.6% CAGR vs -0.7%).
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.
US Foods Holding Corp. is an American food service distributor. It is the second-largest food service distributor in the U.S., after Sysco. The company supplies 250,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions.
LUV vs USFD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.2B | $9.8B |
| Net Profit | $227.0M | $184.0M |
| Gross Margin | — | 17.6% |
| Operating Margin | — | 3.3% |
| Net Margin | 3.1% | 1.9% |
| Revenue YoY | 12.8% | 3.3% |
| Net Profit YoY | 252.3% | 178.8% |
| EPS (diluted) | $0.45 | $0.82 |
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 | $7.4B | $9.8B | ||
| Q3 25 | $6.9B | $10.2B | ||
| Q2 25 | $7.2B | $10.1B | ||
| Q1 25 | $6.4B | $9.4B | ||
| Q4 24 | $6.9B | $9.5B | ||
| Q3 24 | $6.9B | $9.7B | ||
| Q2 24 | $7.4B | $9.7B |
| Q1 26 | $227.0M | — | ||
| Q4 25 | $323.0M | $184.0M | ||
| Q3 25 | $54.0M | $153.0M | ||
| Q2 25 | $213.0M | $224.0M | ||
| Q1 25 | $-149.0M | $115.0M | ||
| Q4 24 | $262.0M | $66.0M | ||
| Q3 24 | $67.0M | $148.0M | ||
| Q2 24 | $367.0M | $198.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 3.3% | ||
| Q3 25 | 0.5% | 2.8% | ||
| Q2 25 | 3.1% | 3.7% | ||
| Q1 25 | -3.5% | 2.4% | ||
| Q4 24 | 4.0% | 3.2% | ||
| Q3 24 | 0.6% | 2.9% | ||
| Q2 24 | 5.4% | 3.6% |
| Q1 26 | 3.1% | — | ||
| Q4 25 | 4.3% | 1.9% | ||
| Q3 25 | 0.8% | 1.5% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | -2.3% | 1.2% | ||
| Q4 24 | 3.8% | 0.7% | ||
| Q3 24 | 1.0% | 1.5% | ||
| Q2 24 | 5.0% | 2.0% |
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.56 | $0.82 | ||
| Q3 25 | $0.10 | $0.67 | ||
| Q2 25 | $0.39 | $0.96 | ||
| Q1 25 | $-0.26 | $0.49 | ||
| Q4 24 | $0.46 | $0.28 | ||
| Q3 24 | $0.11 | $0.61 | ||
| Q2 24 | $0.58 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.3B | $41.0M |
| Total DebtLower is stronger | $5.4B | $5.1B |
| Stockholders' EquityBook value | $6.9B | $4.3B |
| Total Assets | $20.4B | $13.9B |
| Debt / EquityLower = less leverage | 0.78× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.2B | $41.0M | ||
| Q3 25 | $3.0B | $56.0M | ||
| Q2 25 | $3.8B | $61.0M | ||
| Q1 25 | $8.3B | $101.0M | ||
| Q4 24 | $8.7B | $59.0M | ||
| Q3 24 | $9.4B | $81.0M | ||
| Q2 24 | $10.0B | $405.0M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $4.6B | $5.1B | ||
| Q3 25 | $4.1B | $4.8B | ||
| Q2 25 | $4.1B | $4.7B | ||
| Q1 25 | $4.1B | $4.7B | ||
| Q4 24 | $5.1B | $4.8B | ||
| Q3 24 | $5.1B | $4.7B | ||
| Q2 24 | $5.1B | $4.6B |
| Q1 26 | $6.9B | — | ||
| Q4 25 | $8.0B | $4.3B | ||
| Q3 25 | $7.8B | $4.5B | ||
| Q2 25 | $8.0B | $4.6B | ||
| Q1 25 | $9.4B | $4.6B | ||
| Q4 24 | $10.3B | $4.5B | ||
| Q3 24 | $10.4B | $4.6B | ||
| Q2 24 | $10.5B | $5.0B |
| Q1 26 | $20.4B | — | ||
| Q4 25 | $29.1B | $13.9B | ||
| Q3 25 | $28.3B | $14.0B | ||
| Q2 25 | $28.7B | $13.8B | ||
| Q1 25 | $33.2B | $13.7B | ||
| Q4 24 | $33.8B | $13.4B | ||
| Q3 24 | $34.8B | $13.5B | ||
| Q2 24 | $35.6B | $13.7B |
| Q1 26 | 0.78× | — | ||
| Q4 25 | 0.57× | 1.18× | ||
| Q3 25 | 0.52× | 1.08× | ||
| Q2 25 | 0.51× | 1.02× | ||
| Q1 25 | 0.44× | 1.02× | ||
| Q4 24 | 0.49× | 1.06× | ||
| Q3 24 | 0.49× | 1.01× | ||
| Q2 24 | 0.48× | 0.92× |
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 | $1.4B | $293.0M |
| Free Cash FlowOCF − Capex | — | $159.0M |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | 8.7% | 1.4% |
| Cash ConversionOCF / Net Profit | 6.25× | 1.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $959.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $294.0M | $293.0M | ||
| Q3 25 | $287.0M | $351.0M | ||
| Q2 25 | $401.0M | $334.0M | ||
| Q1 25 | $860.0M | $391.0M | ||
| Q4 24 | $476.0M | $283.0M | ||
| Q3 24 | $113.0M | $270.0M | ||
| Q2 24 | $-23.0M | $482.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-565.0M | $159.0M | ||
| Q3 25 | $-391.0M | $236.0M | ||
| Q2 25 | $-234.0M | $257.0M | ||
| Q1 25 | $359.0M | $307.0M | ||
| Q4 24 | $16.0M | $178.0M | ||
| Q3 24 | $-404.0M | $190.0M | ||
| Q2 24 | $-517.0M | $413.0M |
| Q1 26 | — | — | ||
| Q4 25 | -7.6% | 1.6% | ||
| Q3 25 | -5.6% | 2.3% | ||
| Q2 25 | -3.2% | 2.5% | ||
| Q1 25 | 5.6% | 3.3% | ||
| Q4 24 | 0.2% | 1.9% | ||
| Q3 24 | -5.9% | 2.0% | ||
| Q2 24 | -7.0% | 4.3% |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 11.5% | 1.4% | ||
| Q3 25 | 9.8% | 1.1% | ||
| Q2 25 | 8.8% | 0.8% | ||
| Q1 25 | 7.8% | 0.9% | ||
| Q4 24 | 6.6% | 1.1% | ||
| Q3 24 | 7.5% | 0.8% | ||
| Q2 24 | 6.7% | 0.7% |
| Q1 26 | 6.25× | — | ||
| Q4 25 | 0.91× | 1.59× | ||
| Q3 25 | 5.31× | 2.29× | ||
| Q2 25 | 1.88× | 1.49× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | 1.82× | 4.29× | ||
| Q3 24 | 1.69× | 1.82× | ||
| Q2 24 | -0.06× | 2.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
