Southwest Gas Holdings Inc. (DE) (SWX) Key Ratios
$86.90
As on 10-Sep-2026 16:00EDT
Market cap
$6,425 Mln
Revenue (TTM)
$1,741 Mln
P/E Ratio
22.9
P/B Ratio
1.6
Div. Yield
2.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -38.79 | -68.03 | -56.97 | -31.61 | -12.59 |
| EBIT | -68.29 | -35.87 | -2.49 | 229.37 | 3.63 |
| Net Profit | -69.56 | 372.86 | 172.45 | 63.54 | 2.09 |
| EPS | -69.60 | 424.36 | 166.95 | 61.10 | 9.36 |
| Book Value | -- | -- | 12.54 | 4.47 | 3.32 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 15.69 | 11.28 | 30.55 | 27.52 | 10.53 |
| Net Margin
| -- | 5.46 | 29.83 | -- | -- |
| Return on equity
| 7.41 | 4.56 | 12.91 | 11.78 | 5.84 |
| Return on Capital
| 3.17 | 2.00 | -- | 5.49 | 2.32 |
| Return on Assets
| 2.26 | 1.42 | 4.17 | 3.92 | 1.66 |
| Debt to Equity (x)
| -- | -- | 0.83 | 0.89 | 1.44 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
--
|
5.49
|
2.32
|
1.69
|
-2.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
12.91
Higher than Peers by 4.06
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
12.91
|
11.78
|
5.84
|
4.62
|
-6.59
|
|
Peer Median
|
8.85
|
--
|
--
|
--
|
--
|
ROA
4.17
Higher than Peers by 0.95
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
4.17
|
3.92
|
1.66
|
1.20
|
-1.57
|
|
Peer Median
|
3.22
|
--
|
--
|
--
|
--
|
EBIT Margin
30.55
Higher than Peers by 8.32
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
30.55
|
27.52
|
10.53
|
9.01
|
-0.62
|
|
Peer Median
|
22.23
|
--
|
--
|
--
|
--
|
Net Margin
29.83
Higher than Peers by 16.24
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
29.83
|
22.67
|
3.89
|
2.78
|
-4.10
|
|
Peer Median
|
13.59
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-56.97
Lower than Peers by 58.61
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
-56.97
|
-0.62
|
-0.06
|
0.10
|
0.35
|
|
Peer Median
|
1.64
|
--
|
--
|
--
|
--
|
EBIT Growth
-2.49
Lower than Peers by 15.57
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
-2.49
|
-0.81
|
9.95
|
1,700.79
|
-108.36
|
|
Peer Median
|
13.08
|
--
|
--
|
--
|
--
|
Net Profit Growth
172.45
Higher than Peers by 155.70
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
172.45
|
121.22
|
31.76
|
174.22
|
-201.25
|
|
Peer Median
|
16.75
|
--
|
--
|
--
|
--
|
EPS Growth
166.95
Higher than Peers by 155.76
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
166.95
|
1.20
|
0.31
|
1.69
|
-1.92
|
|
Peer Median
|
11.19
|
--
|
--
|
--
|
--
|
Book Value Growth
11.37
Higher than Peers by 4.92
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
11.37
|
--
|
--
|
--
|
--
|
|
Peer Median
|
6.45
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.83
Lower than Peers by 0.08
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
0.83
|
0.89
|
1.44
|
1.60
|
1.87
|
|
Peer Median
|
0.91
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.02
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
0.02
|
0.02
|
0.20
|
0.20
|
0.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.12
Higher than Peers by 0.45
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
1.12
|
1.28
|
0.80
|
1.12
|
1.08
|
|
Peer Median
|
0.67
|
--
|
--
|
--
|
--
|
Quick Ratio
0.99
Higher than Peers by 0.46
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
0.99
|
1.18
|
0.75
|
1.07
|
0.44
|
|
Peer Median
|
0.53
|
--
|
--
|
--
|
--
|
Interest Coverage
3.00
Lower than Peers by 0.27
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
3.00
|
2.63
|
1.81
|
1.68
|
-0.13
|
|
Peer Median
|
3.26
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
7.53
Lower than Peers by 6.18
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
7.53
|
14.52
|
16.07
|
18.06
|
19.42
|
|
Peer Median
|
13.71
|
--
|
--
|
--
|
--
|
Asset Turnover
0.14
Lower than Peers by 0.09
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
0.14
|
0.17
|
0.43
|
0.43
|
0.38
|
|
Peer Median
|
0.23
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
--
|
103.85
|
64.41
|
65.35
|
65.24
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
--
|
24.96
|
7.89
|
93.95
|
114.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
--
|
74.19
|
30.22
|
41.74
|
46.77
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
--
|
54.62
|
42.08
|
117.56
|
132.64
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
22.92
Higher than Peers by 5.17
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
22.92
|
13.20
|
25.69
|
30.19
|
-20.46
|
|
Peer Median
|
17.74
|
--
|
--
|
--
|
--
|
Price / Book Value
1.57
Lower than Peers by 0.15
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
1.57
|
1.47
|
1.46
|
1.38
|
1.29
|
|
Peer Median
|
1.72
|
--
|
--
|
--
|
--
|
Dividend Yield
2.81
Lower than Peers by 0.27
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
2.81
|
--
|
--
|
--
|
--
|
|
Peer Median
|
3.08
|
--
|
--
|
--
|
--
|
EV/EBITDA
10.79
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
10.79
|
9.91
|
8.82
|
9.10
|
22.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
6,425
Higher than Peers by 5,831
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Southwest Gas Holdings Inc. (DE) (SWX)
|
6,425
|
--
|
--
|
--
|
--
|
|
Peer Median
|
594
|
--
|
--
|
--
|
--
|