Southwest Gas Holdings Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	6,372	5,776	5,073	4,531	4,150	4,230
Market Cap Growth	14.72%	13.86%	11.96%	9.17%	-1.89%	22.52%
Enterprise Value	9,303	8,505	9,876	9,906	10,378	8,370
PE Ratio	26.63	13.13	25.52	30.03	-	21.07
PS Ratio	3.28	2.98	2.05	1.79	0.84	1.15
PB Ratio	1.61	1.46	1.38	1.33	1.29	1.34
P/FCF Ratio	-	-	9.96	-	-	-
P/OCF Ratio	11.46	10.39	3.74	8.90	10.19	37.98
EV/Sales Ratio	4.79	4.38	3.99	3.91	2.09	2.27
EV/EBITDA Ratio	11.32	10.35	13.60	14.57	11.52	11.52
EV/EBIT Ratio	18.93	17.31	23.35	25.76	24.12	23.54
EV/FCF Ratio	-	-	19.40	-	-	-
Debt / Equity Ratio	0.89	0.89	1.13	1.59	1.90	2.04
Debt / EBITDA Ratio	4.27	4.27	5.76	6.60	5.90	7.61
Debt / FCF Ratio	-	-	8.22	-	-	-
Net Debt / Equity Ratio	0.74	0.74	1.05	1.56	1.87	1.97
Net Debt / EBITDA Ratio	3.57	3.57	5.33	7.84	6.67	8.55
Net Debt / FCF Ratio	-11.64	-11.64	7.60	-20.78	-13.29	-10.28
Quick Ratio	0.92	0.92	0.34	0.65	0.32	0.33
Current Ratio	1.28	1.28	0.80	1.12	1.08	0.52
Asset Turnover	0.17	0.17	0.21	0.20	0.38	0.34
Return on Equity (ROE)	6.14%	6.14%	6.22%	4.22%	-6.21%	6.92%
Return on Assets (ROA)	2.73%	2.73%	2.21%	1.92%	2.07%	2.07%
Return on Capital Employed (ROCE)	5.20%	5.20%	4.10%	3.80%	4.40%	3.70%
Earnings Yield	6.90%	7.61%	3.92%	3.33%	-4.90%	4.75%
FCF Yield	-3.95%	-4.36%	10.04%	-5.67%	-10.89%	-14.29%
Dividend Yield	2.81%	3.12%	3.65%	4.22%	4.46%	3.90%
Payout Ratio	40.79%	40.59%	89.34%	115.70%	-	68.84%
Buyback Yield / Dilution	-0.42%	-0.42%	-1.47%	-8.29%	-10.63%	-5.68%
Total Shareholder Return	2.38%	2.70%	2.18%	-4.06%	-6.17%	-1.77%

Updated Feb 25, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q