SWX - NYSE
Southwest Gas Holdings, Inc.
$87.17
+1.7%Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.
At a Glance
Live SnapshotSouthwest Gas Holdings, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
Southwest Gas Holdings, Inc. Income Statement
SWX • NYSE
| Southwest Gas Holdings, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
1.9B | 5.1B | 5.4B | 5B | 3.7B | 3.3B | 3.1B | 2.9B | 2.5B | 2.5B | 2.5B | 2.1B | 2B | 1.9B | 1.9B | 1.8B | 1.9B | 2.1B | 2.2B | 2B | |
GROSS PROFIT | ||||||||||||||||||||
(1.4B) | (4.1B) | (4.4B) | (4B) | (2.9B) | (2.5B) | (2.4B) | (2.2B) | (1.9B) | (1.8B) | (1.9B) | (1.5B) | (1.4B) | (1.4B) | (1B) | (1B) | (1.1B) | (0.0) | (0.0) | (0.0) | |
568M | 1B | 1B | 994.9M | 820.9M | 818.5M | 737.4M | 666.5M | 632.6M | 637.2M | 607.8M | 584.8M | 556.6M | 536.7M | 850M | 816.4M | 784.7M | 2.1B | 2.2B | 2B | |
OPERATING INCOME | ||||||||||||||||||||
(94.1M) | (527.4M) | (600.9M) | (1B) | (451.4M) | (395.5M) | (365.6M) | (309.1M) | (308.9M) | (341.5M) | (319.5M) | (300.3M) | (282.4M) | (265.2M) | (599.9M) | (584.3M) | (576.3M) | (1.9B) | (1.9B) | (1.8B) | |
(0.0) | (84K) | -151K | (263K) | (7K) | -8K | -102K | -52K | -13K | (7.4M) | (500K) | (5.3M) | (12.4M) | (6.6M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
473.9M | 483.8M | 418.3M | -24.4M | 369.5M | 423M | 371.8M | 357.4M | 323.7M | 295.7M | 288.3M | 284.5M | 274.2M | 271.5M | 250.1M | 232.1M | 208.4M | 207.9M | 220.6M | 209.2M | |
PRE-TAX INCOME | ||||||||||||||||||||
(203.1M) | (297M) | (292.3M) | (242.8M) | (119.2M) | (111.5M) | (109.2M) | (96.7M) | (78.1M) | (73.7M) | (71.9M) | (72.1M) | (63.7M) | (68M) | (69.6M) | (77.6M) | (83M) | (92.6M) | (96.2M) | (95M) | |
-182.1M | -263.5M | -241.5M | -226.6M | -114.1M | -107.5M | -102.9M | -90.6M | -75.3M | -71.8M | -69.7M | -69.5M | -63.2M | -67.1M | -69.1M | -77.4M | -83M | -92.6M | -96.2M | -95M | |
(94.1M) | (527.3M) | (601M) | (1B) | (451.4M) | (395.5M) | (365.7M) | -27.5M | (8M) | (5.3M) | -1.8M | (4.7M) | (12M) | (6.2M) | (599.9M) | (584.3M) | (576.3M) | (1.9B) | (1.9B) | (1.8B) | |
-143M | -242.5M | -221M | -248.9M | -122.7M | -118.3M | -99.1M | -114.1M | -84.1M | -84M | -69M | -65M | -51.4M | -63.6M | -75M | -73.7M | -76.4M | -106.1M | -89.6M | -80.8M | |
330.9M | 241.3M | 197.3M | -273.3M | 246.9M | 304.7M | 272.7M | 243.3M | 259M | 231.5M | 219.3M | 219.5M | 222.8M | 207.9M | 175.1M | 158.4M | 132M | 101.8M | 131M | 128.4M | |
NET INCOME | ||||||||||||||||||||
(96M) | (36.5M) | (41.8M) | -75.7M | (39.6M) | (65.8M) | (56M) | (61.7M) | (65.1M) | (78.5M) | (79.9M) | (78.4M) | (77.9M) | (75.3M) | (63.3M) | (54.9M) | (44.9M) | (40.8M) | (47.8M) | (44.5M) | |
439.8M | 198.8M | 150.9M | -203.3M | 200.8M | 232.3M | 213.9M | 182.3M | 193.8M | 152M | 138.3M | 141.1M | 145.3M | 133.3M | 112.3M | 103.9M | 87.5M | 61M | 83.2M | 83.9M |
SEC Filings
SWX - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 11, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 05, 2026 | May 05, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 23, 2026 | May 07, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 25, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 25, 2026 | February 25, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 25, 2026 | February 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 12, 2026 | February 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 11, 2026 | February 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 09, 2026 | January 09, 2026 | 2026 |
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