Southwest Gas Holdings, Inc. SWX

Latest FY: 2025 Utilities Utilities - Regulated Gas
Market Price $86.83
Market Cap $6.28B
P/E Ratio 14.28
Quick Peer Compare (Utilities):
Revenue (FY 2025) ↓-21.6% YoY
$1.94B
3-Yr CAGR: -26.9%
Net Income ↑121.2% YoY
$439.83M
Net Margin: 22.7%
Free Cash Flow ↓-161.4% YoY
-$251.79M
FCF Yield: -4.01%
EPS (Diluted) ↑120.3% YoY
$6.08
Basic: $6.09
Return on Equity Efficiency
11.1%
ROA: 4.2%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (SWX)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $2,362.4M $1,337.9M $152.0M $3.18 $1.80 2.35% $67.4M $-462.1M
FY 2017 $2,451.6M +3.8% $1,302.7M $193.8M +27.5% $4.04 +27.0% $1.98 2.46% $370.0M $-253.7M +45.1%
FY 2018 $1,306.0M -46.7% $-81.7M $182.3M -6.0% $3.68 -8.9% $2.08 2.72% $528.9M $-237.1M +6.6%
FY 2019 $1,385.3M +6.1% $-187.9M $213.9M +17.4% $3.94 +7.1% $2.18 2.87% $500.4M $-437.8M -84.7%
FY 2020 $1,339.2M -3.3% $-390.3M $232.3M +8.6% $4.14 +5.1% $2.24 3.68% $626.1M $-199.0M +54.5%
FY 2021 $1,497.8M +11.8% $-457.7M $200.8M -13.6% $3.39 -18.1% $2.33 3.33% $111.4M $-604.2M -203.6%
FY 2022 $4,960.0M +231.2% $2,430.7M $-203.3M -201.3% $-3.10 -191.4% $2.45 3.96% $407.5M $-452.0M +25.2%
FY 2023 $2,534.7M -48.9% $418.3M $150.9M +174.2% $2.13 +168.7% $2.48 3.91% $509.2M $-363.3M +19.6%
FY 2024 $2,475.2M -2.3% $60.1M $198.8M +31.8% $2.76 +29.6% $2.48 3.51% $1,355.8M $409.9M +212.8%
FY 2025 $1,940.4M -21.6% $473.9M $439.8M +121.2% $6.08 +120.3% $2.48 3.10% $556.1M $-251.8M -161.4%
$

Valuation

Market Price $86.83
Market Cap $6.28B
Enterprise Value $9.22B
P/E Ratio 14.28
P/B Ratio 1.59
FCF Yield -4.01%
Dividend Yield 2.86%
Shares Outstanding 72,374,900
%

Profitability & Margins

Gross Margin 24.42%
Operating Margin 24.42%
Net Margin 22.67%
Return on Equity (ROE) 11.10%
Return on Assets (ROA) 4.22%
Asset Turnover 0.19x
Revenue 3-Yr CAGR -26.86%
🛡️

Financial Health & Liquidity

Current Ratio 1.28
Cash Ratio 0.62
Debt / Equity 0.886
Debt / Assets 0.336
Cash & Equivalents $576.64M
Total Debt $3.51B
Book Value / Share $54.73
💧

Cash Flow Efficiency

Operating Cash Flow $556.08M
Capital Expenditures (CapEx) $807.87M
Free Cash Flow -$251.79M
OCF / Revenue 28.66%
FCF / Revenue -12.98%
FCF 3-Yr CAGR N/A
🏷️

Per Share Metrics

EPS (Diluted) $6.08
EPS (Basic) $6.09
Dividends / Share $2.48
Book Value / Share $54.73
EPS YoY Growth 120.29%
🏛️

Balance Sheet (FY 2025)

Total Assets $10.43B
Total Liabilities $6.47B
Stockholders' Equity $3.96B
Current Assets $1.19B
Current Liabilities $929.90M