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Southwest Gas Holdings, Inc.

SWX

$92.17 ▼ -0.24 (-0.26%) at close

12 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

Southwest Gas Holdings, Inc. shows mixed fundamentals. Consider comparing against peers in the Energy sector before making investment decisions.

Market Cap $6.7B

Dividend Yield 2.69%

Revenue Growth None

Op. Margin None

ROIC 4.6% ↘

FCF / Share $-3.49 ↘

Trailing P/E 15.1x

Price / Book 1.7x

FCF Yield —

Debt / Equity 0.88

info Valuation on last close. End-of-day price, Aug 7, 2026.

12-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$5.43B

↑ +9.6% —

Net Income Profit after all expenses

$439.83M

↑ +121.2% —

Operating Margin Operating profit as % of sales

7.7%

↑ +1665.1% —

FCF / Share Free cash flow per share

$-3.49

↓ -149.2% —

Long-Term Debt Long-term obligations

$3.43B

↓ -2.1% —

Health Breakdown

Returns ↑

Financial Health ↓

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$2.48 Latest / share

+0.0% YoY

+8.9% 6-yr CAGR

FY 2014

$1.62

FY 2015

$1.80

FY 2016

$1.98

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

$2.48

FY 2023

$2.48

FY 2024

$2.48

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Revenue Growth YoY (%)	—	—	9.6% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+91%)	34.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+595%)	11.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+131%)	5.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+15%)	8.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+67%)	13.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+160%)	7.9% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+58%)	0.1% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-98%)	—	—
EPS Growth YoY (%)	119.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	30.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-18.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	5.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	6.8% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-8.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	26.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	8.8% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	121.2% Excellent Excellent Year-over-year change in net income	31.8% Excellent Excellent Year-over-year change in net income	N/M	N/M	-13.6% Weak ↓ Weak Declining Year-over-year change in net income	8.6% Fair ↓ Fair Declining Year-over-year change in net income	17.4% Good ↑ Good Improving Year-over-year change in net income	-6.0% Weak ↓ Weak Declining Year-over-year change in net income	27.5% Excellent Excellent Year-over-year change in net income	9.9% Fair Fair Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	N/M	25.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	32.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-187.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	56.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-68.2% Weak Weak Year-over-year change in free cash flow	9.3% Fair Fair Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	—	—	18.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	16.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	8.5% Fair → Fair Stable Compound annual revenue growth over 3 years	9.0% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	9.7% Fair Fair Compound annual revenue growth over 3 years	6.9% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	—	—	13.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	14.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	9.3% Good Good Compound annual revenue growth over 5 years	6.9% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	-6.5% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-19.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	-2.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	0.9% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	7.2% Fair Fair Compound annual EPS growth over 3 years	7.9% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Operating Margin (%) (%)	—	—	7.7% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	-0.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	10.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	12.8% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	11.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	12.4% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	13.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	12.5% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	12.2% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	—
Effective Tax Rate (%) (%)	29.0% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.2% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.7% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.3% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.1% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.9% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	—	—	2.8% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	-4.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-151%)	5.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	7.0% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	6.9% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	6.3% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	7.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	6.4% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	5.9% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	—
FCF Margin (%) (%)	—	—	-6.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-9.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-16.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-6.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-14.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-8.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-10.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	-0.57x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.56x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-2.41x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.22x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-3.01x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.86x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-2.05x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.30x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-1.31x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Return on Invested Capital (%)	4.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	8.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	4.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.8% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.5% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.3% Caution Caution Operating profit relative to total assets Optimal: > 10%	5.4% Caution Caution Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	11.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-6%)	5.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-53%)	4.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-62%)	-6.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-155%)	6.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-43%)	8.7% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-28%)	8.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	8.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-33%)	10.7% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-11%)	9.1% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-24%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Debt to Equity (x)	0.88x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+76%)	1.19x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+139%)	1.58x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+217%)	0.74x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+48%)	0.88x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+76%)	1.06x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+112%)	1.00x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+100%)	1.00x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+101%)	1.11x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+122%)	0.93x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+86%)	—	—
Interest Coverage (x)	1.97x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.46x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	1.43x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.10x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.10x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.79x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.40x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.70x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	4.40x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.01x Fair Fair Operating income divided by interest expense Optimal: > 5x	4.01x Fair Fair Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$2.86B	$3.87B	$5.13B	$2.15B	$2.38B	$2.76B	$2.46B	$2.17B	$1.97B	$1.52B	$-36.00M	$-39.57M
Debt / EBITDA (x)	7.24x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.29x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.52x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-93.01x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.03x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.71x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.75x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.32x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.87x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.24x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Revenue per Share (USD)	—	—	$76.77	$75.66	$62.23	$58.91	$57.52	$58.28	$53.14	$49.77	$50.21	—
Basic EPS, GAAP (USD)	$6.09	$2.77	$2.13	$-3.10	$3.39	$4.15	$3.94	$3.69	$4.04	$3.20	$2.94	—
Free Cash Flow per Share (USD)	$-3.49	$7.09	$-5.13	$-6.89	$-10.22	$-3.55	$-8.07	$-4.80	$-5.29	—	—	—
Dividend per Share (USD)	$2.48	$2.48	$2.48	—	—	—	—	—	$1.98	$1.80	$1.62	—
Book Value per Share (USD)	$53.91	$48.82	$46.25	$45.57	$48.89	$46.77	$45.56	$42.47	$37.74	$35.03	—	—
Tangible Book Value per Share (USD)	$53.75	$48.66	$35.22	$33.84	$19.40	$40.74	$39.32	$35.70	$34.01	$32.09	—	—
Basic Weighted Avg Shares (shares)	72.16M	71.84M	70.79M	65.56M	59.15M	56.00M	54.24M	49.42M	47.97M	47.47M	46.99M	—
Dividend Payout Ratio (%)	40.7% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	89.5% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	116.4% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-80000.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	70206.5% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	54939.8% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	55329.9% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	56368.6% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	49.0% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	56.2% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	55.1% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Working Capital (USD)	$312.39M	$-367.62M	$196.27M	$284.70M	$-1.50B	$-40.95M	$-220.00M	$-98.88M	$-158.85M	$-95.07M	—	—
LT Debt (USD)	$3.43B	$3.50B	$4.61B	$726.41M	$690.35M	$2.73B	$2.30B	$2.11B	$1.80B	$1.55B	—	—
Total Equity (USD)	$3.89B	$3.50B	$3.31B	$3.06B	$2.95B	$2.67B	$2.51B	$2.25B	$1.81B	$1.66B	—	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Sales/Revenue/Turnover (USD)	—	—	$5.43B	$4.96B	$3.68B	$3.30B	$3.12B	$2.88B	$2.55B	$2.36B	$2.36B	—
Net Income, GAAP (USD)	$439.83M	$198.81M	$150.89M	$-203.29M	$200.78M	$232.32M	$213.94M	$182.28M	$193.84M	$152.04M	$138.32M	—
Operating Cash Flow (USD)	$556.08M	$1.36B	$509.21M	$407.46M	$111.38M	$626.08M	$500.37M	$528.86M	$369.95M	—	—	—

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Synced 1 week ago 12 years · 46 quarters

Southwest Gas Holdings, Inc.

Analytical Summary

12-Year Financial Trajectory

Health Breakdown

Dividend History

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