SWX
Southwest Gas Holdings, Inc.
$91.18
+0.02
(+0.02%)
Mkt Cap
6.60B
Volume
212,195
52W Range
75.75-94.43
Sector
Utilities
Beta
0.57
EPS (TTM)
6.42
P/E Ratio
14.20
Revenue (TTM)
2.50B
Rev Growth (5Y)
-10.1%
EPS Growth (5Y)
+8.0%
AlphaVal · Fair Value
What we estimate one share is worth
$98.02
Fair Value
weak signal
7.0% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
D
Stable Earnings Power
35.6 / 100 composite
Steady, predictable earnings power — graded A–F vs. similar companies.
Company Description
Southwest Gas Holdings, Inc., operating through its various subsidiaries, is primarily engaged in the delivery and transportation of natural gas to customers across Arizona, Nevada, and California. The company's operations are segmented into Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage. Beyond its core gas services, it also offers specialized utility infrastructure support, including trenching, the installation and replacement of subterranean pipelines, and ongoing maintenance for energy distribution networks. As of December 31, 2021, its extensive customer base totaled 2,159,000, serving residential, commercial, industrial, and other natural gas consumers. Founded in 1931, the company maintains its corporate headquarters in Las Vegas, Nevada.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.94B | 5.11B | 5.43B | 4.96B | 3.68B | 3.30B | 3.12B | 2.88B | 2.55B | 2.46B | 2.46B | 2.12B |
| Net Income | 439.83M | 198.81M | 150.89M | (203.29M) | 200.78M | 232.32M | 213.94M | 182.28M | 193.84M | 152.04M | 138.32M | 141.13M |
| EPS | 6.09 | 2.77 | 2.13 | -24.75 | 3.39 | 4.15 | 3.94 | 3.69 | 4.04 | 3.20 | 2.94 | 3.04 |
| Free Cash Flow | (251.79M) | 409.86M | (363.31M) | (451.96M) | (604.24M) | (199.03M) | (437.78M) | (237.06M) | (253.69M) | 68.86M | 59.15M | (50.48M) |
| FCF / Share | -3.49 | 5.71 | -5.13 | -6.89 | -10.22 | -3.55 | -8.07 | -4.80 | -5.29 | 1.45 | 1.26 | -1.09 |
| Operating CF | 556.08M | 1.36B | 509.21M | 407.46M | 111.38M | 626.08M | 500.37M | 528.86M | 369.95M | 598.39M | 547.15M | 346.42M |
| Total Assets | 10.43B | 12.02B | 11.87B | 13.20B | 12.77B | 8.74B | 8.17B | 7.36B | 6.24B | 5.58B | 5.36B | 5.21B |
| Total Debt | 3.51B | 5.06B | 5.28B | 5.99B | 6.32B | 2.88B | 2.67B | 2.29B | 2.04B | 1.60B | 1.59B | 1.66B |
| Cash & Equiv | 576.64M | 363.79M | 106.54M | 123.08M | 222.70M | 83.35M | 49.54M | 85.36M | 43.62M | 28.07M | 36.00M | 39.57M |
| Book Value | 3.96B | 3.50B | 3.31B | 3.06B | 2.95B | 2.67B | 2.51B | 2.25B | 1.81B | 1.66B | 1.59B | 1.49B |
| Return on Equity | 0.11 | 0.06 | 0.05 | -0.07 | 0.07 | 0.09 | 0.09 | 0.08 | 0.11 | 0.09 | 0.09 | 0.09 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 585.12M | 480.74M | 316.91M | 1.12B | 1.30B | 1.27B | 359.13M | 1.18B | 1.58B | 1.37B | 1.17B | 1.29B |
| Net Income | 138.37M | 68.36M | 270.48M | (12.88M) | 113.87M | 92.46M | 289,000 | 18.33M | 87.74M | 72.87M | 3.23M | 28.88M |
| EPS | 1.91 | 0.94 | 3.75 | -0.18 | 1.58 | 1.29 | 0.00 | 0.26 | 1.22 | 1.02 | 0.05 | 0.40 |
| Free Cash Flow | (46.59M) | (502.66M) | (105.83M) | (93.78M) | 103.77M | (34.67M) | 38.74M | 83.27M | 322.51M | 102.85M | (39.61M) | (21.68M) |
| FCF / Share | -0.64 | -6.95 | -1.47 | -1.30 | 1.44 | -0.48 | 0.54 | 1.16 | 4.50 | 1.43 | -0.55 | -0.30 |
| Operating CF | 162.13M | 92.46M | 56.90M | 126.34M | 291.27M | 201.44M | 304.05M | 306.58M | 543.71M | 310.78M | 186.25M | 197.93M |
| Total Assets | 10.41B | 10.43B | 10.33B | 12.21B | 12.08B | 12.02B | 11.87B | 11.99B | 11.89B | 11.87B | 11.84B | 11.95B |
| Total Debt | 3.51B | 3.51B | 3.51B | 4.68B | 5.05B | 5.06B | 5.08B | 5.21B | 5.34B | 5.28B | 5.34B | 5.34B |
| Cash & Equiv | 484.75M | 576.64M | 778.63M | 355.63M | 406.30M | 363.79M | 456.64M | 599.64M | 457.95M | 106.54M | 104.94M | 221.37M |
| Book Value | 4.10B | 3.96B | 3.93B | 3.67B | 3.58B | 3.50B | 3.46B | 3.49B | 3.36B | 3.31B | 3.24B | 3.26B |
| Return on Equity | 0.03 | 0.02 | 0.07 | -0.00 | 0.03 | 0.03 | 0.00 | 0.01 | 0.03 | 0.02 | 0.00 | 0.01 |
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