SWX
Southwest Gas Holdings Inc
NYSE: SWX · UTILITIES · UTILITIES - REGULATED GAS
$91.90
+0.21% today
Updated 2026-04-29
Market cap
$6.65B
P/E ratio
28.28
P/S ratio
3.43x
EPS (TTM)
$3.25
Dividend yield
2.70%
52W range
$65 – $93
Volume
0.5M
Southwest Gas Holdings Inc (SWX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.15B | $2.14B | $1.89B | $1.83B | $1.89B | $1.93B | $1.95B | $2.12B | $2.46B | $2.50B | $2.46B | $2.55B | $2.88B | $3.12B | $3.30B | $3.68B | $4.96B | $5.43B | $5.11B | $1.94B |
| Revenue growth (YoY) | — | -0.3% | -11.7% | -3.4% | +3.1% | +2.2% | +1.2% | +8.8% | +16.1% | +1.7% | -1.8% | +3.6% | +13.0% | +8.3% | +5.7% | +11.6% | +34.8% | +9.6% | -5.9% | -62.0% |
| Cost of revenue | $1.75B | $1.74B | $1.11B | $1.01B | $1.04B | $1.39B | $1.39B | $1.54B | $1.86B | — | $1.82B | $1.92B | $2.21B | $2.38B | $2.48B | $2.86B | $3.97B | $4.41B | $4.10B | $1.37B |
| Gross profit | $2.15B | $2.14B | $784.73M | $816.39M | $850.00M | $536.67M | $556.58M | $584.76M | $607.84M | — | $637.22M | $632.60M | $666.54M | $737.38M | $818.49M | $820.93M | $994.87M | $1.02B | $1.01B | $567.96M |
| Gross margin | 100.0% | 100.0% | 41.4% | 44.6% | 45.0% | 27.8% | 28.5% | 27.6% | 24.7% | 0.0% | 25.9% | 24.8% | 23.1% | 23.6% | 24.8% | 22.3% | 20.1% | 18.8% | 19.8% | 29.3% |
| R&D | — | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | — | $6.60M | $12.40M | $5.30M | $500000.00 | — | $7.40M | $13000.00 | $52000.00 | $102000.00 | $8000.00 | $7000.00 | $263000.00 | $151000.00 | $84000.00 | $7.67M |
| Operating income | $220.59M | $207.86M | $208.39M | $232.12M | $250.08M | $271.52M | $274.21M | $284.48M | $288.33M | $2.50B | $295.71M | $323.70M | $357.43M | $371.81M | $423.00M | $369.55M | $-24.40M | $418.33M | $483.77M | $473.89M |
| Operating margin | 10.2% | 9.7% | 11.0% | 12.7% | 13.3% | 14.1% | 14.1% | 13.4% | 11.7% | 100.0% | 12.0% | 12.7% | 12.4% | 11.9% | 12.8% | 10.0% | -0.5% | 7.7% | 9.5% | 24.4% |
| EBITDA | $396.46M | $414.99M | $405.12M | $426.43M | $445.14M | $499.36M | $515.03M | $542.51M | $558.44M | — | $584.85M | $577.25M | $592.49M | $685.13M | $748.24M | $737.09M | $439.87M | $930.54M | $976.78M | $864.68M |
| EBITDA margin | 18.4% | 19.3% | 21.4% | 23.3% | 23.6% | 25.9% | 26.4% | 25.6% | 22.7% | 0.0% | 23.8% | 22.6% | 20.6% | 22.0% | 22.7% | 20.0% | 8.9% | 17.1% | 19.1% | 44.6% |
| EBIT | $213.95M | $221.27M | $215.04M | $235.97M | $244.67M | $275.94M | $278.21M | $289.48M | $288.33M | $2.50B | $295.71M | $326.30M | $343.27M | $381.90M | $416.21M | $366.05M | $-30.59M | $489.63M | $538.34M | $533.95M |
| Interest expense | $96.20M | $92.65M | $83.00M | $77.59M | $69.60M | $68.02M | $63.70M | $72.07M | $71.88M | $0.00 | $73.66M | $78.06M | $96.67M | $109.23M | $111.48M | $119.20M | $242.75M | $292.29M | $297.04M | $203.08M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $83.25M | $60.97M | $87.48M | $103.88M | $112.29M | $133.33M | $145.32M | $141.13M | $138.32M | $152.98M | $152.04M | $193.84M | $182.28M | $213.94M | $232.32M | $200.78M | $-203.29M | $150.89M | $198.81M | $439.83M |
| Net income growth (YoY) | — | -26.8% | +43.5% | +18.7% | +8.1% | +18.7% | +9.0% | -2.9% | -2.0% | +10.6% | -0.6% | +27.5% | -6.0% | +17.4% | +8.6% | -13.6% | -201.3% | +174.2% | +31.8% | +121.2% |
| Profit margin | 3.9% | 2.8% | 4.6% | 5.7% | 5.9% | 6.9% | 7.4% | 6.7% | 5.6% | 6.1% | 6.2% | 7.6% | 6.3% | 6.9% | 7.0% | 5.5% | -4.1% | 2.8% | 3.9% | 22.7% |