Southwest Gas Holdings Inc. (SWX) Financials
All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | DEC 2025 | DEC 2024 | DEC 2023 | DEC 2022 | DEC 2021 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $1,779 | $1,940 | $2,475 | $5,434 | $4,960 | $3,680 |
| Cost of Revenue | — | — | $2,415 | $2,617 | $2,529 | $1,955 |
| Gross Profit | — | — | $60 | $2,817 | $2,431 | $1,725 |
| Provision for Doubtful Accounts | — | $12 | $12 | $12 | $13 | $5 |
| Total Operating Expenses | $1,300 | $1,466 | $2,069 | $2,242 | $4,984 | $3,311 |
| Operating Income | $480 | $474 | $406 | $293 | -$24 | $370 |
| Non-Operating | ||||||
| Net Interest Expense | — | — | -$297 | -$292 | -$243 | -$119 |
| Other Non-Operating Income (Expense) | -$133 | -$143 | $145 | $169 | -$6 | -$3 |
| EBT (Earnings Before Tax) | $347 | $331 | $254 | $169 | -$273 | $247 |
| Income Tax Expense | $108 | $96 | $33 | $29 | -$76 | $40 |
| Earnings from Continuing Ops | $239 | $235 | $221 | $140 | — | — |
| Minority Interest | $0 | -$5 | $6 | $5 | $6 | $6 |
| Net Income | ||||||
| Net Income | $464 | $440 | $199 | $151 | -$203 | $201 |
| Per Share Data | ||||||
| Revenue Per Share | $24.52 | $26.82 | $34.36 | $76.55 | $75.66 | $62.11 |
| EPS (Basic) | $6.42 | $6.09 | $2.77 | $2.13 | -$3.10 | $3.39 |
| EPS (Diluted) | $6.41 | $6.08 | $2.76 | $2.13 | -$3.10 | $3.39 |
| Weighted Avg Shares (Basic) | 72.4M | 72.2M | 71.8M | 70.8M | 65.6M | 59.1M |
| Weighted Avg Shares (Diluted) | 72.6M | 72.3M | 72.0M | 71.0M | 65.6M | 59.3M |
| Shares Outstanding | 72.6M | 72.3M | 72.0M | 71.0M | 65.6M | 59.3M |
| Dividends Per Share | $2.48 | $2.48 | $2.48 | $2.48 | $2.48 | $2.38 |
Southwest Gas Holdings (SWX) financials: revenue, profit and margins
Southwest Gas Holdings (SWX) generated about n/a in revenue and $547 million in net income (a 22.7% net margin) over the trailing twelve months, growing at roughly -10.1% a year. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
Is Southwest Gas Holdings profitable?+
Yes, Southwest Gas Holdings reported about $547 million in net income over the trailing twelve months, a net profit margin of roughly 22.7%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Southwest Gas Holdings's profit margins?+
Southwest Gas Holdings runs an operating margin of about 24.4%, a net margin of about 22.7%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Southwest Gas Holdings growing?+
Southwest Gas Holdings's revenue has compounded at roughly -10.1% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside SWX's margins and free cash flow. This is analysis from SEC filings, not investment advice.
SourceFinancial statements computed from the 10-Q filed 31 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Fiscal year ends Dec.
Related stocks: Natural Gas Transmisison & Distribution
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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