1. United States of America Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc.

SWX
Southwest Gas Holdings, Inc.US flagNew York Stock Exchange
88.87
USD
-2.43
- -
6.43BMarket Cap
Southwest Gas Holdings, Inc.
SWX
(New York Stock Exchange)

Recent

price

88.87

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
41.15
41.8
42.12
45.63
52.43
- -
51.83
52.91
58.28
57.52
58.91
62.23
75.66
35.81
34.45
26.89
24.05
Revenue per Share
2.45
2.89
3.14
3.04
2.94
- -
3.2
4.02
3.69
3.94
4.15
3.39
-3.1
2.13
2.77
6.09
7.18
Basic EPS, GAAP
-2.81
-0.2
-0.39
-1.09
1.36
- -
1.5
-5.27
-4.8
-8.07
-3.55
-10.22
-6.89
7.19
18.87
7.71
6.17
Free Cash Flow per Basic Share
1.05
1.15
1.29
1.43
1.58
- -
1.76
1.91
2.03
2.14
2.24
2.34
2.45
2.47
2.47
2.47
2.5
Dividend per Share
26.68
28.39
30.51
32
33.65
- -
35.03
37.74
42.47
45.56
46.77
48.89
45.57
46.25
48.82
54.84
56.94
Book Value per Share
26.68
28.39
30.13
27.88
30.21
- -
31.29
34.01
35.7
39.32
40.74
19.4
33.84
35.22
48.66
54.69
56.79
Tangible Book Value per Share
46
46
46
46
47
47
47
48
49
54
56
59
66
71
72
72
72
Basic Weighted Avg Shares
1,887
1,928
1,951
2,122
2,464
- -
2,460
2,549
2,880
3,120
3,299
3,680
4,960
2,535
2,475
1,940
1,741
Sales/Revenue/Turnover
13.25
14.08
14.06
13.41
11.7
- -
12.82
13.46
12.41
11.92
12.82
10.04
8.68
14.37
16.42
24.82
29.11
Operating Margin (%)
200
223
237
253
270
- -
289
251
249
303
332
371
470
295
303
331
346
Depreciation Expense
112
133
145
141
138
- -
152
194
182
214
232
201
-203
151
199
440
519
Net Income, GAAP
36.16
36.21
34.98
35.7
36.43
- -
33.89
25.13
25.35
20.55
21.58
16.06
- -
17.36
13.05
29.03
31.09
Effective Tax Rate (%)
5.95
6.92
7.45
6.65
5.61
- -
6.18
7.61
6.33
6.86
7.04
5.46
-4.1
5.95
8.03
22.67
29.83
Profit Margin (%)
-386
-77
61
136
23
- -
-95
-159
-99
-220
-41
-1,497
285
196
-368
262
91
Working Capital
931
1,268
1,381
1,631
1,551
- -
1,550
1,799
2,107
2,300
2,732
4,116
4,403
4,610
3,504
3,433
3,410
LT Debt
1,225
1,308
1,412
1,506
1,608
- -
1,684
1,812
2,333
2,590
2,841
3,151
3,218
3,415
3,689
3,961
4,125
Total Equity
6.48
6.68
6.47
6.05
5.68
- -
12.53
7.11
6.23
5.92
5.98
4.05
- -
3.34
4.24
4.43
4.22
Return on Invested Capital (%)
6.49
6.95
6.89
6.28
5.75
- -
12.16
7.07
6.02
6.03
5.7
3.88
- -
3.43
4.49
7.67
7.9
Return on Capital (%)
9.38
10.51
10.67
9.72
8.97
- -
18.28
11.15
8.96
8.99
8.97
7.13
-6.76
4.74
5.84
11.78
13.32
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
75
75
100
LT Borrowings
3,433
3,434
3,410
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
72
72
72
Market Capitalization
5,779
6,289
6,424

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,192
1,058
868
Cash, Cash Equivalents & STI
577
485
271
Accounts Receivable, Net
171
169
119
Inventories
94
94
96
Total Current Liabilities
930
730
777
Payables & Accruals
360
239
203
ST Debt
75
75
100
Deferred Revenue
67
68
67

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
6.91%
7.37%
Free Cash Flow
- -
14.6%
-58.98%
Net Income, GAAP
- -
-47.21%
121.22%
Sales/Revenue/Turnover
- -
-5.3%
-21.61%
Total Cash Common Dividend
- -
7.45%
0.5%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,581
1,182
359
1,270
2,475
2025
746
396
317
481
1,940
2026
585
358
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.22
0.26
- -
1.29
2.77
2025
1.58
-0.56
3.75
0.95
6.09
2026
1.91
0.58
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.62
0.62
0.62
0.62
2.47
2025
0.62
0.62
0.62
0.62
2.47
2026
0.62
0.64
- -
- -
- -
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Business
Southwest Gas Holdings, Inc. (NYSE: SWX) operates as a holding company that, through its subsidiaries, purchases, distributes, and transports natural gas to over 2 million residential, commercial, and industrial customers in Arizona, Nevada, and California. The company conducts its activities primarily through the Natural Gas Distribution segment, which provides regulated tariff sales and transportation services via an extensive pipeline network; and the Utility Infrastructure Services segment, which offers installation, replacement, repair, maintenance of energy distribution systems, and gas construction works across North America. Founded in 1931 and headquartered in Las Vegas, Nevada, Southwest Gas Holdings serves fast-growing markets in the American Southwest, focusing on reliable energy delivery, infrastructure upgrades, and customer growth supported by ongoing capital investments. In recent developments, the company completed its full separation from former subsidiary Centuri Holdings, Inc. (NYSE: CTRI) in September 2025 through multiple follow-on offerings and private placements, generating approximately $1.62 billion in gross proceeds used to reduce debt by over $700 million and strengthen its balance sheet as a pure-play regulated natural gas utility. Additional 2025 changes include a $880 million capital expenditure plan for system improvements, pipe replacements, and a new LNG storage facility in Arizona; pending rate cases in Arizona, California, and Nevada expected to add up to $360 million in annual revenue; extension of credit facilities for enhanced liquidity; and the appointment of Justin S. Forsberg as Chief Financial Officer in November 2025.

Company News

Company News APIChatGPT

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