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Southwest Gas Holdings, Inc.(SWX)Earnings, Financials & Key Ratios
SWX•NYSE•Utilities
$90.82
$6.57B mkt cap·14.9× P/E·Price updated May 6, 2026
AboutSouthwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.Show more
- Revenue$1.94B-62.0%
- EBITDA$805M-12.8%
- Net Income$440M+121.2%
- Free Cash Flow-$252M-161.4%
- EBITDA Margin41.47%+129.9%
- Net Margin22.67%+482.9%
- ROE11.5%+105.4%
- Interest Coverage2.63+45.1%
- Debt/Equity0.89-35.4%
- Net Debt/EBITDA3.64-28.4%
- CapEx / Revenue41.63%+125.0%
- CapEx Coverage0.69-52.0%
SWX Key Insights
Southwest Gas Holdings, Inc. (SWX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓Healthy dividend yield of 2.7%
- ✓Trading near 52-week high
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SWX Price & Volume
Southwest Gas Holdings, Inc. (SWX) stock price & volume — 10-year historical chart
Loading chart...
SWX Growth Metrics
Southwest Gas Holdings, Inc. (SWX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-2.36%
5 Years-10.07%
3 Years-26.86%
TTM-39.07%
Profit CAGR
10 Years12.26%
5 Years13.62%
3 Years-
TTM106.42%
EPS CAGR
10 Years7.61%
5 Years7.99%
3 Years-
TTM105.84%
Return on Capital
10 Years4.72%
5 Years3.55%
3 Years4.58%
Last Year4.81%
SWX Recent Earnings
Southwest Gas Holdings, Inc. (SWX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026EPS
$1.91
Est $1.88
+1.6%
Revenue
$585M
Est $696M
-15.9%
Q1 2026
Feb 25, 2026EPS
$1.36
Est $1.40
-2.9%
Revenue
$481M
Est $587M
-18.1%
Q4 2025
Nov 5, 2025EPS
$0.06
Est $0.09
-33.3%
Revenue
$317M
Est $587M
-46.0%
Q3 2025
Aug 6, 2025EPS
$0.53
Est $0.42
+26.2%
Revenue
$1.1B
Est $1.1B
+1.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.91vs $1.88+1.6% | $585Mvs $696M-15.9% |
| Q1 2026 | Feb 25, 2026 | $1.36vs $1.40-2.9% | $481Mvs $587M-18.1% |
| Q4 2025 | Nov 5, 2025 | $0.06vs $0.09-33.3% | $317Mvs $587M-46.0% |
| Q3 2025 | Aug 6, 2025 | $0.53vs $0.42+26.2% | $1.1Bvs $1.1B+1.5% |
Based on last 12 quarters of dataView full earnings history →
SWX Peer Comparison
Southwest Gas Holdings, Inc. (SWX) competitors in Regulated Gas Distribution Utilities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NJR | 5.54B | 54.86 | 16.47 | 13.94% | 15.45% | 18.74% | 1.58 | |
 SR | 5.09B | 86.21 | 19.73 | -4.5% | 14.48% | 10.44% | 1.54 | |
 NWN | 2.05B | 48.66 | 17.57 | 11.83% | 9.56% | 8.27% | 1.87 | |
 ATO | 30.53B | 184.52 | 24.73 | 12.91% | 27.58% | 7.69% | 0.69 | |
 WEC | 37.11B | 113.94 | 23.59 | 13.96% | 16.25% | 11.64% | 1.59 | |
 NI | 22.72B | 47.48 | 24.35 | 21.76% | 14.1% | 8.4% | 1.39 | |
 CMS | 22.88B | 74.05 | 20.98 | 13.63% | 12.55% | 11.6% | 1.95 | |
 LNT | 18.68B | 72.31 | 23.03 | 9.57% | 17.2% | 13.95% | 1.68 |
Compare SWX vs Peers
Southwest Gas Holdings, Inc. (SWX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SWX Income Statement
Southwest Gas Holdings, Inc. (SWX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.55B | 2.88B | 3.12B | 3.3B | 3.68B | 4.96B | 5.43B | 5.11B | 1.94B | 2.5B |
| Revenue Growth % | 3.59% | 13% | 8.33% | 5.74% | 11.57% | 34.77% | 9.56% | -5.92% | -62.05% | -39.07% |
| Cost of Revenue | 1.92B | 2.21B | 2.38B | 2.48B | 2.86B | 3.97B | 4.41B | 4.1B | 1.37B | 1.37B |
| Gross Profit | 632.6M▲ 0% | 666.54M▲ 5.4% | 737.38M▲ 10.6% | 818.49M▲ 11.0% | 820.93M▲ 0.3% | 994.87M▲ 21.2% | 1.02B▲ 2.4% | 1.01B▼ 0.8% | 567.96M▼ 43.8% | 842.57M▲ 0% |
| Gross Margin % | 24.82% | 23.14% | 23.63% | 24.81% | 22.31% | 20.06% | 18.76% | 19.78% | 29.27% | 33.66% |
| Gross Profit Growth % | -0.73% | 5.37% | 10.63% | 11% | 0.3% | 21.19% | 2.45% | -0.79% | -43.83% | - |
| Operating Expenses | 308.88M | 309.06M | 365.56M | 395.49M | 451.38M | 1.02B | 600.89M | 527.4M | 94.07M | 618.32M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 574.65M | 606.64M | 675.05M | 755.03M | 740.59M | 446.06M | 859.24M | 922.21M | 804.61M | 881.34M |
| EBITDA Margin % | 22.55% | 21.06% | 21.64% | 22.89% | 20.12% | 8.99% | 15.81% | 18.04% | 41.47% | 35.21% |
| EBITDA Growth % | -1.74% | 5.57% | 11.28% | 11.85% | -1.91% | -39.77% | 92.63% | 7.33% | -12.75% | -1.93% |
| Depreciation & Amortization | 250.95M | 249.21M | 303.24M | 332.03M | 371.04M | 470.45M | 440.91M | 438.44M | 330.72M | 370.86M |
| D&A / Revenue % | 9.85% | 8.65% | 9.72% | 10.06% | 10.08% | 9.48% | 8.11% | 8.58% | 17.04% | 14.82% |
| Operating Income (EBIT) | 323.7M▲ 0% | 357.43M▲ 10.4% | 371.81M▲ 4.0% | 423M▲ 13.8% | 369.55M▼ 12.6% | -24.4M▼ 106.6% | 418.33M▲ 1814.6% | 483.77M▲ 15.6% | 473.89M▼ 2.0% | 510.48M▲ 0% |
| Operating Margin % | 12.7% | 12.41% | 11.92% | 12.82% | 10.04% | -0.49% | 7.7% | 9.46% | 24.42% | 20.39% |
| Operating Income Growth % | 9.46% | 10.42% | 4.02% | 13.77% | -12.64% | -106.6% | 1814.61% | 15.64% | -2.04% | - |
| Interest Expense | 78.06M | 96.67M | 109.23M | 111.48M | 119.2M | 242.75M | 292.29M | 297.04M | 203.08M | 3M |
| Interest Coverage | 4.18x | 3.55x | 3.50x | 3.73x | 3.07x | -0.13x | 1.68x | 1.81x | 2.63x | - |
| Interest / Revenue % | 3.06% | 3.36% | 3.5% | 3.38% | 3.24% | 4.89% | 5.38% | 5.81% | 10.47% | 0.12% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Pretax Income | 259.03M▲ 0% | 243.34M▼ 6.1% | 272.67M▲ 12.1% | 304.74M▲ 11.8% | 246.85M▼ 19.0% | -273.34M▼ 210.7% | 197.35M▲ 172.2% | 241.3M▲ 22.3% | 330.87M▲ 37.1% | 360.04M▲ 0% |
| Pretax Margin % | 10.16% | 8.45% | 8.74% | 9.24% | 6.71% | -5.51% | 3.63% | 4.72% | 17.05% | 14.38% |
| Income Tax | 65.09M | 61.68M | 56.02M | 65.75M | 39.65M | -75.65M | 41.83M | 36.46M | 96.04M | 157.99M |
| Effective Tax Rate % | 25.13% | 25.35% | 20.55% | 21.58% | 16.06% | 27.68% | 21.2% | 15.11% | 29.03% | 43.88% |
| Net Income | 193.84M▲ 0% | 182.28M▼ 6.0% | 213.94M▲ 17.4% | 232.32M▲ 8.6% | 200.78M▼ 13.6% | -203.29M▼ 201.3% | 150.89M▲ 174.2% | 198.81M▲ 31.8% | 439.83M▲ 121.2% | 464.33M▲ 0% |
| Net Margin % | 7.61% | 6.33% | 6.86% | 7.04% | 5.46% | -4.1% | 2.78% | 3.89% | 22.67% | 18.55% |
| Net Income Growth % | 27.49% | -5.97% | 17.37% | 8.6% | -13.58% | -201.25% | 174.22% | 31.76% | 121.22% | 106.42% |
| EPS (Diluted) | 4.04▲ 0% | 3.68▼ 8.9% | 3.94▲ 7.1% | 4.14▲ 5.1% | 3.39▼ 18.1% | -24.75▼ 830.1% | 2.13▲ 108.6% | 2.76▲ 29.6% | 6.08▲ 120.3% | 6.40▲ 0% |
| EPS Growth % | 27.04% | -8.91% | 7.07% | 5.08% | -18.12% | -830.09% | 108.61% | 29.58% | 120.29% | 105.84% |
| EPS (Basic) | 4.04 | 3.69 | 3.94 | 4.15 | 3.39 | -24.75 | 2.13 | 2.77 | 6.09 | - |
| Diluted Shares Outstanding | 47.99M | 49.48M | 54.31M | 56.08M | 59.26M | 65.56M | 70.99M | 72.03M | 72.34M | 72.57M |
SWX Balance Sheet
Southwest Gas Holdings, Inc. (SWX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 6.24B | 7.36B | 8.17B | 8.74B | 12.77B | 13.2B | 11.87B | 12.02B | 10.43B | 10.01B |
| Asset Growth % | 11.75% | 17.97% | 11.04% | 6.93% | 46.12% | 3.38% | -10.05% | 1.3% | -13.26% | -41.47% |
| PP&E (Net) | 4.87B | 5.72B | 6.47B | 7.01B | 8.91B | 8.31B | 8.78B | 9.3B | 8.7B | 0 |
| PP&E / Total Assets % | 78.1% | 77.7% | 79.18% | 80.25% | 69.8% | 62.94% | 74.01% | 77.35% | 83.45% | 0% |
| Total Current Assets | 657.03M | 839.77M | 859.86M | 871.01M | 1.61B | 3.71B | 1.88B | 1.46B | 1.19B | 675.32M |
| Cash & Equivalents | 43.62M | 85.36M | 49.54M | 83.35M | 222.7M | 123.08M | 106.54M | 363.79M | 576.64M | 60.27M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 14.58M | 4.93M | 0 | 0 | 0 | 0 | 0 | 0 | 93.82M | 93.66M |
| Other Current Assets | 14.58M | 4.93M | 44.41M | 2.05M | 291.14M | 2.62B | 793.09M | 279.05M | 234.6M | 135.98M |
| Long-Term Investments | 117.34M | 114.41M | 132.07M | 140.87M | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 179.31M | 359.05M | 343.02M | 345.18M | 1.78B | 787.25M | 789.73M | 781.2M | 11.15M | 11.15M |
| Intangible Assets | 80.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 330.07M | 326.46M | 364.87M | 368M | 458.54M | 395.95M | 414.01M | 474.75M | 527.63M | 351.15M |
| Total Liabilities | 4.42B | 5.02B | 5.58B | 5.9B | 9.61B | 9.98B | 8.46B | 8.33B | 6.47B | 6.35B |
| Total Debt | 2.04B | 2.29B | 2.67B | 2.88B | 6.32B | 5.99B | 5.28B | 5.06B | 3.51B | 75M |
| Net Debt | 1.99B | 2.21B | 2.63B | 2.8B | 6.1B | 5.87B | 5.17B | 4.69B | 2.93B | 14.73M |
| Long-Term Debt | 1.8B | 2.11B | 2.3B | 2.73B | 4.12B | 4.4B | 4.61B | 4.35B | 3.43B | 0 |
| Short-Term Borrowings | 239.85M | 185.06M | 374.51M | 147.43M | 2.21B | 1.59B | 671.05M | 710.02M | 75M | 75M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 815.88M | 938.64M | 1.08B | 911.97M | 3.11B | 3.42B | 1.68B | 1.83B | 929.9M | 733.8M |
| Accounts Payable | 228.31M | 248.99M | 238.92M | 231.3M | 353.37M | 662.09M | 346.91M | 331.81M | 225.73M | 121.47M |
| Accrued Expenses | 61.75M | 64.93M | 21.33M | 20.54M | 30.96M | 38.56M | 36.6M | 40.41M | 0 | 78.66M |
| Deferred Revenue | 69.78M | 67.94M | 69.17M | 67.92M | 59.33M | 51.18M | 48.46M | 63.88M | 0 | 67.61M |
| Other Current Liabilities | 285.97M | 439.66M | 325.7M | 383.58M | 401.86M | 1.01B | 522.95M | 625.16M | 584.39M | 469.73M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3.88B |
| Other Liabilities | 315M | 1.45B | 1.6B | 1.6B | 1.62B | 1.47B | 1.41B | 1.35B | 1.13B | 4.55B |
| Total Equity | 1.81B▲ 0% | 2.33B▲ 28.7% | 2.59B▲ 11.0% | 2.84B▲ 9.7% | 3.15B▲ 10.9% | 3.22B▲ 2.1% | 3.41B▲ 6.1% | 3.69B▲ 8.0% | 3.96B▲ 7.4% | 3.66B▲ 0% |
| Equity Growth % | 7.63% | 28.75% | 11.02% | 9.66% | 10.91% | 2.14% | 6.11% | 8.04% | 7.37% | 24.95% |
| Shareholders Equity | 1.81B | 2.25B | 2.51B | 2.67B | 2.95B | 3.06B | 3.31B | 3.5B | 3.96B | 3.66B |
| Minority Interest | -2.37M | 81.38M | 84.54M | 165.72M | 196.72M | 159.35M | 104.67M | 184.9M | 0 | 0 |
| Common Stock | 49.72M | 54.66M | 56.64M | 58.82M | 62.05M | 68.75M | 73.19M | 73.41M | 73.85M | 49.11M |
| Additional Paid-in Capital | 955.33M | 1.31B | 1.47B | 1.61B | 1.82B | 2.29B | 2.54B | 2.72B | 2.9B | 0 |
| Retained Earnings | 857.4M | 944.28M | 1.04B | 1.07B | 1.11B | 747.07M | 738.84M | 758.65M | 1.02B | 1.45B |
| Accumulated OCI | -47.68M | -52.67M | -56.73M | -61M | -46.76M | -44.24M | -43.79M | -49.22M | -34.55M | -34.1M |
| Return on Assets (ROA) | 3.28% | 2.68% | 2.76% | 2.75% | 1.87% | -1.57% | 1.2% | 1.66% | 3.92% | 4.32% |
| Return on Equity (ROE) | 11.09% | 8.79% | 8.69% | 8.56% | 6.7% | -6.38% | 4.55% | 5.6% | 11.5% | 11.85% |
| Debt / Equity | 1.12x | 0.98x | 1.03x | 1.01x | 2.01x | 1.86x | 1.55x | 1.37x | 0.89x | 0.89x |
| Debt / Assets | 32.68% | 31.16% | 32.74% | 32.96% | 49.53% | 45.4% | 44.49% | 42.07% | 33.64% | 0.75% |
| Net Debt / EBITDA | 3.47x | 3.64x | 3.89x | 3.70x | 8.24x | 13.15x | 6.02x | 5.09x | 3.64x | 3.64x |
| Book Value per Share | 37.77 | 47.16 | 47.7 | 50.66 | 53.17 | 49.09 | 48.1 | 51.21 | 54.76 | 50.47 |
SWX Cash Flow Statement
Southwest Gas Holdings, Inc. (SWX) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 369.95M | 528.86M | 500.37M | 626.08M | 111.38M | 407.46M | 509.21M | 1.36B | 556.08M | 556.08M |
| Operating CF Growth % | -38.17% | 42.95% | -5.39% | 25.12% | -82.21% | 265.82% | 24.97% | 166.25% | -58.98% | -294.18% |
| Operating CF / Revenue % | 14.51% | 18.36% | 16.04% | 18.98% | 3.03% | 8.21% | 9.37% | 26.52% | 28.66% | 22.22% |
| Net Income | 193.94M | 181.65M | 216.65M | 238.99M | 207.2M | -203.29M | 150.89M | 204.84M | 239.48M | 464.33M |
| Depreciation & Amortization | 250.95M | 249.21M | 303.24M | 332.03M | 371.04M | 470.45M | 440.91M | 438.44M | 330.72M | 202.81M |
| Deferred Taxes | 63.39M | 51.04M | 54.16M | 50.72M | 61.21M | -72.05M | 56.77M | 52.87M | 172.45M | 135.81M |
| Other Non-Cash Items | -24.53M | 27.38M | -43.45M | -101.83M | -94.08M | 462.15M | 77.3M | -57.48M | -100.93M | -30.81M |
| Working Capital Changes | -124.69M | 13.46M | -37.12M | 99.07M | -443.29M | -249.8M | -216.66M | 702.21M | -96.73M | -213.87M |
| Capital Expenditures | -623.65M | -765.91M | -938.15M | -825.11M | -3.04B | -859.42M | -872.52M | -945.92M | -807.87M | -204.04M |
| CapEx / Revenue % | 24.47% | 26.59% | 30.07% | 25.01% | 82.48% | 17.33% | 16.06% | 18.5% | 41.63% | 8.15% |
| CapEx / D&A | 2.49x | 3.07x | 3.09x | 2.49x | 8.18x | 1.83x | 1.98x | 2.16x | 2.44x | 1.01x |
| CapEx Coverage (OCF/CapEx) | 0.59x | 0.69x | 0.53x | 0.76x | 0.04x | 0.47x | 0.58x | 1.43x | 0.69x | 2.73x |
| Cash from Investing | -700.88M | -999.48M | -951.63M | -802.07M | -3.04B | -838.9M | 150.97M | -921.57M | -24.81M | 164.35M |
| Acquisitions | -94.2M | -251.37M | -47.64M | 0 | -2.35B | -18.81M | 1.02B | 0 | 5.31M | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 16.97M | 17.8M | 34.15M | 23.04M | 34.23M | 39.33M | 1M | 24.36M | 777.75M | 1.14B |
| Cash from Financing | 346.19M | 512.57M | 415.28M | 209.57M | 3.06B | 356.48M | -700.79M | -176.34M | -318.28M | -193.16M |
| Dividends Paid | -92.13M | -100.24M | -116.13M | -125.5M | -138.22M | -160.56M | -174.57M | -177.77M | -178.51M | -178.79M |
| Dividend Payout Ratio % | 47.53% | 54.99% | 54.28% | 54.02% | 68.84% | - | 115.7% | 89.41% | 40.59% | - |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -2M |
| Stock Issued | 41.16M | 354.4M | 157.95M | 139.25M | 213.64M | 461.83M | 251.76M | 336.55M | 19.73M | 17.43M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 14.88M | -69M | 156.46M | -2.74M | 213.64M | -66.48M | -57.77M | -110.98M | 520.5M | 634.53M |
| Net Change in Cash | 15.56M▲ 0% | 41.74M▲ 168.3% | -35.82M▼ 185.8% | 33.81M▲ 194.4% | 139.34M▲ 312.1% | -99.62M▼ 171.5% | -16.54M▲ 83.4% | 257.25M▲ 1655.2% | 261.88M▲ 1.8% | 154.85M▲ 0% |
| Exchange Rate Effect | 301K | -208K | 158K | 228K | 160K | -24.66M | 24.08M | -624K | 48.89M | -91.77M |
| Cash at Beginning | 28.07M | 43.62M | 85.36M | 49.54M | 83.35M | 222.7M | 123.08M | 106.54M | 314.77M | 576.64M |
| Cash at End | 43.62M | 85.36M | 49.54M | 83.35M | 222.7M | 123.08M | 106.54M | 363.79M | 576.64M | 484.75M |
| Free Cash Flow | -253.69M▲ 0% | -237.06M▲ 6.6% | -437.78M▼ 84.7% | -199.03M▲ 54.5% | -2.92B▼ 1369.3% | -451.96M▲ 84.5% | -363.31M▲ 19.6% | 409.86M▲ 212.8% | -251.79M▼ 161.4% | 71.66M▲ 0% |
| FCF Growth % | -468.43% | 6.56% | -84.67% | 54.54% | -1369.3% | 84.54% | 19.61% | 212.81% | -161.43% | -62.51% |
| FCF Margin % | -9.95% | -8.23% | -14.03% | -6.03% | -79.45% | -9.11% | -6.69% | 8.02% | -12.98% | 2.86% |
| FCF / Net Income % | -130.88% | -130.05% | -204.63% | -85.67% | -1456.46% | 222.32% | -240.78% | 206.15% | -57.25% | 15.43% |
SWX Key Ratios
Southwest Gas Holdings, Inc. (SWX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 11.09% | 8.79% | 8.69% | 8.56% | 6.7% | -6.38% | 4.55% | 5.6% | 11.5% | 11.85% |
| EBITDA Margin | 22.55% | 21.06% | 21.64% | 22.89% | 20.12% | 8.99% | 15.81% | 18.04% | 41.47% | 35.21% |
| Net Debt / EBITDA | 3.47x | 3.64x | 3.89x | 3.70x | 8.24x | 13.15x | 6.02x | 5.09x | 3.64x | 3.64x |
| Interest Coverage | 4.18x | 3.55x | 3.50x | 3.73x | 3.07x | -0.13x | 1.68x | 1.81x | 2.63x | - |
| CapEx / Revenue | 24.47% | 26.59% | 30.07% | 25.01% | 82.48% | 17.33% | 16.06% | 18.5% | 41.63% | 8.15% |
| Dividend Payout Ratio | 47.53% | 54.99% | 54.28% | 54.02% | 68.84% | - | 115.7% | 89.41% | 40.59% | 28.85% |
| Debt / Equity | 1.12x | 0.98x | 1.03x | 1.01x | 2.01x | 1.86x | 1.55x | 1.37x | 0.89x | 0.89x |
| EPS Growth | 27.04% | -8.91% | 7.07% | 5.08% | -18.12% | -830.09% | 108.61% | 29.58% | 120.29% | 105.84% |
SWX SEC Filings & Documents
Southwest Gas Holdings, Inc. (SWX) SEC filings — annual & quarterly reports (10-K, 10-Q)
SWX Frequently Asked Questions
Southwest Gas Holdings, Inc. (SWX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Southwest Gas Holdings, Inc. (SWX) reported $2.50B in revenue for fiscal year 2025. This represents a 289% increase from $644.1M in 1996.
Southwest Gas Holdings, Inc. (SWX) saw revenue decline by 62.0% over the past year.
Yes, Southwest Gas Holdings, Inc. (SWX) is profitable, generating $464.3M in net income for fiscal year 2025 (22.7% net margin).
Dividend & Returns
Yes, Southwest Gas Holdings, Inc. (SWX) pays a dividend with a yield of 2.72%. This makes it attractive for income-focused investors.
Southwest Gas Holdings, Inc. (SWX) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
Southwest Gas Holdings, Inc. (SWX) generated $71.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Industry Metrics
Southwest Gas Holdings, Inc. (SWX) has a dividend payout ratio of 41%. This suggests the dividend is well-covered and sustainable.
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