Southwest Gas Holdings, Inc. (SWX)
NYSE: SWX · Real-Time Price · USD
91.71
+0.45 (0.49%)
At close: Aug 18, 2026, 4:00 PM EDT
91.71
0.00 (0.00%)
After-hours: Aug 18, 2026, 7:00 PM EDT

Southwest Gas Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,7411,9402,4752,5354,9603,680
Revenue Growth
-15.28%-21.61%-2.35%-48.90%34.77%11.57%
Net Income
546.61439.83198.82150.89-203.29200.78
Earnings Per Share
7.546.082.762.13-3.103.39
EPS Growth
227.36%120.29%29.58%---18.12%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Residential
1,0641,2771,6551,7251,3251,036
Small Commercial
275.05333.41493.71513.37378.52270.21
Large Commercial
61.1372.37111.35117.9785.2357.37
Industrial/Other
38.4544.946375.2250.8942.31
Transportation
113.71116.58115.78104.3100.6492.24
Alternative Revenue Program
179.5286.5923.06-52.37-18.4813.18
Other Regulated Operations
9.169.8213.6415.8513.4610.86
Total Gas and Other Utility Infrastructure Services
--1,4581,5921,6651,577
Electric Power Infrastructure Services
--1,1791,3071,095581.94
Revenue (Total)
1,7411,9402,4752,5354,9603,680

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
270.52576.65314.77106.54123.08222.7
Total Debt
3,5103,5084,1845,4416,1286,437
Net Cash (Debt)
-3,239-2,931-3,870-5,335-6,005-6,214
Net Cash Growth
------
Net Cash Per Share
-44.65-40.52-53.72-75.15-91.60-104.86

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
446.69556.081,356509.21407.46111.38
Capital Expenditures
-974.53-807.87-846.59-765.87-859.42-715.63
Free Cash Flow
-527.84-251.79509.19-256.66-451.96-604.24
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pretax Margin
21.22%17.05%10.27%6.68%-5.51%6.71%
Profit Margin
31.40%22.67%8.03%5.95%-4.10%5.46%
FCF Margin
-30.32%-12.98%20.57%-10.13%-9.11%-16.42%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.5802.4802.4802.4802.4552.355
Dividend Per Share Growth
2.02%0%0%1.02%4.25%4.44%
Dividend Yield
2.81%3.14%3.68%4.25%4.49%3.93%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
12.1613.1325.5230.03-21.07
Forward PE
18.9920.4220.5123.8319.8615.70
P/FCF Ratio
--9.96---
PS Ratio
3.832.982.051.790.841.15