Southwest Gas Holdings
SWX
82.48
-0.84
-1.01%
Southwest Gas Holdings
US · SWX
#1928 by market cap
Listed 1970
82.48
-0.84
-1.01%
Live - 5344 symbols - heartbeat 255s ago
· 2026-10-07 19:54
After-hours
82.48
0.00%
- Market cap
- 5.98B
- P/E (TTM)i
- 10.92
- P/Bi
- 1.45
- EPSi
- 6.08
- Div yieldi
- 3.04%
- 52W posi
- 41%
Reader sentiment
Are you bullish or bearish on SWX?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.06, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -21.61% YoY
Margins
- Gross margin
- 46.31%
- Operating margin
- 24.82%
- Net margin
- 22.67%
Key ratios & quality
- Enterprise valuei
- 8.91B
- Altman Z-Scorei
- 1.06
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.88B | 3.12B | 3.30B | 3.68B | 4.96B | 2.53B | 2.48B | 1.94B |
| Gross profit | 666.54M | 737.38M | 818.49M | 820.93M | 994.87M | 748.42M | 798.53M | 898.68M |
| Selling & admin expenses | -52.00K | -102.00K | -8.00K | 7.00K | 263.00K | -151.00K | 84.00K | -7.67M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 357.49M | 371.91M | 423.01M | 369.54M | 430.76M | 364.36M | 406.39M | 481.55M |
| Pretax profit | 243.34M | 272.67M | 304.74M | 246.85M | -273.34M | 169.40M | 254.14M | 330.87M |
| Tax | 61.68M | 56.02M | 65.75M | 39.65M | -75.65M | 29.41M | 33.16M | 96.04M |
| Net profit | 181.65M | 216.65M | 238.99M | 207.20M | -197.68M | 155.52M | 204.84M | 435.18M |
| Basic EPS | 4 | 4 | 4 | 3 | -3 | 2 | 3 | 6 |
| Diluted EPS | 3.68 | 3.94 | 4.14 | 3.39 | -3.10 | 2.13 | 2.76 | 6.08 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 746.42M | 396.32M | 316.91M | 480.74M | 585.12M | 358.15M |
| Gross profit | 331.17M | 156.68M | 139.45M | 271.38M | 343.96M | 185.92M |
| Selling & admin expenses | -- | -- | -2.09M | -5.42M | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 213.72M | 64.49M | 39.10M | 164.09M | 219.35M | 84.33M |
| Pretax profit | 168.50M | 29.19M | 3.37M | 129.81M | 184.59M | 51.57M |
| Tax | 34.21M | 29.93M | -803.00K | 59.98M | 46.22M | 9.45M |
| Net profit | 109.19M | -37.60M | 267.96M | 68.36M | 138.37M | 42.12M |
| Basic EPS | 2 | -1 | 4 | 1 | 2 | 1 |
| Diluted EPS | 1.58 | -0.56 | 3.74 | 1.43 | 1.91 | 0.58 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 839.77M | 859.86M | 871.01M | 1.61B | 3.71B | 1.88B | 1.46B | 1.19B |
| Cash & ST investments | 85.36M | 49.54M | 83.35M | 222.70M | 123.08M | 106.54M | 314.77M | 576.65M |
| Inventory | -- | -- | -- | -- | -- | -- | 93.76M | 93.82M |
| Total assets | 7.36B | 8.17B | 8.74B | 12.77B | 13.20B | 11.87B | 12.07B | 10.43B |
| Total current liabilities | 938.65M | 1.08B | 911.97M | 3.11B | 3.42B | 1.68B | 1.83B | 929.90M |
| Short-term debt | 185.06M | 374.51M | 147.43M | 2.21B | 1.59B | 671.05M | 680.00M | 75.00M |
| Long-term debt | 2.11B | 2.30B | 2.73B | 4.12B | 4.40B | 4.61B | 3.50B | 3.43B |
| Total liabilities | 5,024,308,000.00 | 5,579,592,000.00 | 5,895,184,000.00 | 9,614,720,000.00 | 9,978,506,000.00 | 8,455,193,000.00 | 8,383,824,000.00 | 6,468,358,000.00 |
| Total equity | 2.33B | 2.59B | 2.84B | 3.15B | 3.22B | 3.41B | 3.69B | 3.96B |
| Retained earnings | 944.29M | 1.04B | 1.07B | 1.11B | 747.07M | 738.84M | 758.65M | 1.02B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.43B | 1.43B | 1.24B | 1.19B | 1.06B | 867.80M |
| Cash & ST investments | 406.30M | 355.63M | 778.63M | 576.65M | 484.75M | 270.52M |
| Inventory | -- | 90.78M | 91.15M | 93.82M | 93.66M | 95.64M |
| Total assets | 12.08B | 12.21B | 10.33B | 10.43B | 10.41B | 10.48B |
| Total current liabilities | 1.81B | 1.41B | 804.70M | 929.90M | 729.96M | 777.28M |
| Short-term debt | 718.93M | 288.10M | -- | 75.00M | 75.00M | 100.00M |
| Long-term debt | 4.33B | 4.40B | 3.51B | 3.43B | 3.43B | 3.41B |
| Total liabilities | 8,316,686,000.00 | 8,090,441,000.00 | 6,399,900,000.00 | 6,468,358,000.00 | 6,304,968,000.00 | 6,350,145,000.00 |
| Total equity | 3.76B | 4.12B | 3.93B | 3.96B | 4.10B | 4.13B |
| Retained earnings | 827.45M | 769.72M | 999.40M | 1.02B | 1.16B | 1.16B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 528.86M | 500.37M | 626.08M | 111.38M | 407.46M | 509.21M | 1.36B | 556.08M |
| Depreciation & amortization | 249.21M | 303.24M | 332.03M | 371.04M | 470.46M | 295.46M | 303.10M | 330.72M |
| Free cash flow | -237.06M | -437.78M | -199.03M | -604.24M | -451.96M | -256.66M | 509.19M | -251.79M |
| Dividends paid | -100.24M | -116.13M | -125.50M | -138.22M | -160.56M | -174.57M | -177.63M | -178.51M |
| Stock buybacks / issuance | 354.40M | 157.95M | 139.25M | 213.64M | 461.83M | 251.76M | 8.88M | 19.73M |
| Ending cash balance | 85.36M | 49.54M | 83.35M | 222.70M | 123.08M | 106.54M | 363.79M | 576.65M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 291.27M | 126.34M | 56.90M | 81.57M | 162.14M | 146.09M |
| Depreciation & amortization | 93.69M | 68.94M | 79.07M | 89.02M | 99.60M | 77.85M |
| Free cash flow | 128.13M | -72.98M | -151.00M | -155.95M | -46.59M | -174.31M |
| Dividends paid | -44.53M | -44.61M | -44.72M | -44.65M | -44.81M | -46.71M |
| Stock buybacks / issuance | 2.30M | 2.22M | 13.17M | 2.05M | 2.15M | 2.07M |
| Ending cash balance | 406.30M | 355.63M | 778.63M | 576.65M | 484.75M | 270.52M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 8.96 | 8.99 | 8.97 | 7.13 | -6.76 | 4.74 | 5.84 | 11.78 |
| ROA %i | 2.68 | 2.76 | 2.75 | 1.87 | -1.57 | 1.20 | 1.66 | 3.92 |
| ROIC %i | 5.95 | 6.08 | 5.90 | 4.00 | -0.43 | 3.87 | 4.93 | 7.10 |
| 5-year avg ROE %i | 9.63 | 9.48 | 9.48 | 9.04 | 5.46 | 4.61 | 3.98 | 4.55 |
| EBIT margin %i | 11.81 | 12.24 | 12.62 | 9.95 | -0.62 | 9.01 | 10.53 | 27.52 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | 8.02 | -- |
| Current ratioi | 0.89 | 0.80 | 0.96 | 0.52 | 1.08 | 1.12 | 0.80 | 1.28 |
| Quick ratioi | 0.63 | 0.59 | 0.77 | 0.33 | 0.32 | 0.65 | 0.34 | 0.92 |
| Debt / assetsi | 31.16 | 32.74 | 32.96 | 49.53 | 45.40 | 44.49 | 34.66 | 33.64 |
| LT debt / equityi | 93.57 | 91.80 | 102.14 | 139.33 | 143.96 | 139.27 | 100.01 | 86.67 |
| Interest coveragei | 3.52 | 3.50 | 3.73 | 3.07 | -0.13 | 1.68 | 1.81 | 2.63 |
| Revenue CAGR (3Y) %i | 5.34 | 8.24 | 8.98 | 8.52 | 16.71 | -8.41 | -12.39 | -26.86 |
| Net income CAGR (3Y) %i | 9.64 | 12.06 | 6.22 | 3.28 | -- | -13.40 | -0.33 | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 6.49 | 5.41 | 12.57 | 11.78 | 12.09 | 14.02 |
| ROA %i | 1.88 | 1.60 | 4.18 | 3.92 | 4.13 | 4.82 |
| ROIC %i | 5.16 | 4.39 | 9.04 | 7.10 | 7.18 | 8.39 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 11.83 | 12.31 | 12.72 | 27.52 | 30.43 | 31.85 |
| FCF / sales %i | 3.96 | 0.30 | -- | -- | -- | -- |
| Current ratioi | 0.79 | 1.01 | 1.55 | 1.28 | 1.45 | 1.12 |
| Quick ratioi | 0.65 | 0.79 | 1.17 | 0.92 | 0.99 | 0.58 |
| Debt / assetsi | 41.79 | 38.36 | 33.96 | 33.64 | 33.72 | 33.51 |
| LT debt / equityi | 120.93 | 119.65 | 89.27 | 86.67 | 83.72 | 82.66 |
| Interest coveragei | 1.92 | 1.99 | 1.96 | 2.63 | 2.78 | 3.00 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Natural Gas Distribution100.00%
Quote time 2026-10-07 19:54:59 · For reference only, not investment advice and not tailored to your situation.