Southwest Gas Holdings Inc $SWX

Utilities

$91.08
+2.66 (+3.01%)
As of Oct 22, 2026, 6:09 PM EDT
Price history
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Southwest Gas Holdings Inc (SWX) is trading up at $91.08 (+3.01%), as of the latest quote. It is a Russell 2000 constituent in the Utilities sector.

Southwest Gas Holdings Inc revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$5.43B$2.62B−$203.3MFY2016 revenue: $2.46BFY2016 net income: $152.0M · Net margin 6.2%'16FY2017 revenue: $2.55BFY2017 net income: $193.8M · Net margin 7.6%'17FY2018 revenue: $2.88BFY2018 net income: $182.3M · Net margin 6.3%'18FY2019 revenue: $3.12BFY2019 net income: $213.9M · Net margin 6.9%'19FY2020 revenue: $3.30BFY2020 net income: $232.3M · Net margin 7.0%'20FY2021 revenue: $3.68BFY2021 net income: $200.8M · Net margin 5.5%'21FY2022 revenue: $4.96BFY2022 net income: −$203.3M · Net margin −4.1%'22FY2023 revenue: $5.43BFY2023 net income: $150.9M · Net margin 2.8%'23FY2024 revenue: $2.48BFY2024 net income: $198.8M · Net margin 8.0%'24FY2025 revenue: $1.94BFY2025 net income: $439.8M · Net margin 22.7%'250%20%40%60%FY2016 net margin: 6.2%FY2017 net margin: 7.6%FY2018 net margin: 6.3%FY2019 net margin: 6.9%FY2020 net margin: 7.0%FY2021 net margin: 5.5%FY2022 net margin: −4.1% (off the scale, which stops at −2.2%)FY2023 net margin: 2.8%FY2024 net margin: 8.0%FY2025 net margin: 22.7%
Southwest Gas Holdings Inc annual financial statements
FY2016Dec 2016FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$2.46B$2.55B$2.88B$3.12B$3.30B$3.68B$4.96B$5.43B$2.48B$1.94B
Growth (year over year)−0.1%+3.6%+13.0%+8.3%+5.7%+11.6%+34.8%+9.6%−54.4%−21.6%
Gross profit$1.44B$1.40B$1.49B$1.55B$1.57B$1.72B$2.43B$2.82B$60.1M—
Gross margin58.4%54.9%51.8%49.6%47.6%46.9%49.0%51.8%2.4%—
Operating income$315.5M$343.1M$357.4M$371.8M$423.0M$369.5M−$24.4M$293.0M$406.5M$473.9M
Operating margin12.8%13.5%12.4%11.9%12.8%10.0%−0.5%5.4%16.4%24.4%
Net income$152.0M$193.8M$182.3M$213.9M$232.3M$200.8M−$203.3M$150.9M$198.8M$439.8M
Net margin6.2%7.6%6.3%6.9%7.0%5.5%−4.1%2.8%8.0%22.7%
EPS (diluted)$3.18$4.04$3.68$3.94$4.14$3.39−$3.10$2.13$2.76$6.08
Balance sheet
Cash and equivalents$28.1M$43.6M$85.4M$49.5M$83.4M$222.7M$123.1M$106.5M$314.8M$576.6M
Total assets$5.58B$6.24B$7.36B$8.17B$8.74B$12.8B$13.2B$9.28B$12.1B$10.4B
Total liabilities$3.92B$4.42B$5.11B$5.66B$6.06B$9.81B$10.1B$8.56B$8.39B$6.47B
Long-term debt$1.55B$1.80B$2.11B$2.30B$2.73B$4.12B$4.40B$4.61B$3.50B$3.43B
Shareholders' equity$1.66B$1.81B$2.25B$2.51B$2.67B$2.95B$3.06B$3.31B$3.50B$3.96B
Cash flow
Operating cash flow$600.5M$370.0M$528.9M$500.4M$626.1M$111.4M$407.5M$509.2M$1.36B$556.1M
Capital expenditure$529.5M$623.6M$765.9M$938.1M$825.1M$715.6M$859.4M$765.9M$846.6M$807.9M
Free cash flow$71.0M−$253.7M−$237.1M−$437.8M−$199.0M−$604.2M−$452.0M−$256.7M$509.2M−$251.8M
Dividends paid$83.3M$92.1M$100.2M$116.1M$125.5M$138.2M$160.6M$174.6M$177.6M$178.5M

From Southwest Gas Holdings Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Southwest Gas Holdings Inc

Southwest Gas Holdings, Inc. is an investor-owned utility based in Las Vegas, Nevada, United States.

Source: Wikipedia — Southwest Gas

Headquarters
Las Vegas, Nevada From SEC filings, Oct 2026

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