Southwest Gas Holdings, Inc. (SWX)

Name: Southwest Gas Holdings, Inc. (SWX) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

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CIK 0001692115 · NYSE · Natural Gas Transmisison & Distribution

Sector Transportation & Utilities
Incorporated DE
Fiscal year ends Dec 31

For the year ended 2025-12-31, Southwest Gas Holdings, Inc. reported revenue of $1.94B. Revenue fell 21.6% from the prior annual period.

Key ratios (year ended 2025-12-31)

24.4%

Operating margin

22.7%

Net margin

11.1%

Return on year-end equity

-21.6%

Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-09-29

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period ended	TTM to 2026-06-30	2025-12-31	2025-09-30	2025-06-30	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Revenue	n/a	$1.94B	n/a	n/a	$2.48B	$2.53B	$4.96B	$3.68B	$3.30B	$3.12B	$2.88B
Cost of Revenue	n/a	n/a	n/a	n/a	$2.42B	$2.62B	$2.53B	$1.96B	$1.73B	$1.57B	$1.39B
Gross Profit (computed)	n/a	n/a	n/a	n/a	$60.12M	-$82.71M	$2.43B	$1.72B	$1.57B	$1.55B	$1.49B
Operating Income	n/a	$473.89M	n/a	n/a	$406.47M	$292.98M	-$24.40M	$369.55M	$423.00M	$371.81M	$357.43M
Depreciation & Amortization	n/a	$330.72M	n/a	n/a	$303.10M	$295.46M	$470.45M	$371.04M	$332.03M	$303.24M	$249.21M
EBITDA	n/a	$804.61M	n/a	n/a	$709.57M	$588.44M	$446.06M	$740.59M	$755.03M	$675.05M	$606.64M
Net Income	$546.61M	$439.83M	n/a	n/a	$198.81M	$150.89M	-$203.29M	$200.78M	$232.32M	$213.94M	$182.28M
EPS (Diluted)	n/a	$6.08	n/a	n/a	$2.76	$2.13	-$3.10	$3.39	$4.14	$3.94	$3.68
Total Assets	$10.48B	$10.43B	n/a	n/a	$12.07B	$9.28B	$13.20B	$12.77B	$8.74B	$8.17B	$7.36B
Long-Term Debt	n/a	n/a	n/a	n/a	n/a	n/a	$726.41M	$690.35M	n/a	n/a	n/a
Shareholders' Equity	$4.13B	$3.96B	$3.89B	$4.09B	$3.68B	$3.31B	$3.06B	$2.95B	$2.67B	$2.51B	$2.25B
Cash & Equivalents	$270.52M	$576.64M	n/a	n/a	$314.77M	$106.54M	$123.08M	$222.70M	$83.35M	$49.54M	$85.36M
Operating Cash Flow	$446.69M	$556.08M	n/a	n/a	$1.36B	$509.21M	$407.46M	$111.38M	$626.08M	$500.37M	$528.86M
Capital Expenditures	n/a	$807.87M	n/a	n/a	$846.59M	$765.87M	$859.42M	$715.63M	$825.11M	$938.15M	$765.91M
Free Cash Flow	n/a	-$251.79M	n/a	n/a	$509.19M	-$256.66M	-$451.96M	-$604.24M	-$199.03M	-$437.78M	-$237.06M
Dividends Paid	$180.88M	$178.51M	n/a	n/a	$177.63M	$174.57M	$160.56M	$138.22M	$125.50M	$116.13M	$100.24M
Shares Outstanding	72.44M	72.22M	n/a	n/a	71.78M	71.56M	67.12M	60.42M	57.19M	55.01M	53.03M
Dividends Per Share	n/a	$2.48	n/a	n/a	$2.48	$2.48	$2.48	$2.38	n/a	n/a	$2.08
Weighted Average Diluted Shares	n/a	72.34M	n/a	n/a	72.03M	70.99M	65.56M	59.26M	56.08M	54.31M	49.48M
EPS (Basic)	n/a	$6.09	n/a	n/a	$2.77	$2.13	-$3.10	$3.39	$4.15	$3.94	$3.69

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