Southwest Gas Holdings, Inc. (SWX) stock
SWXNYSENatural Gas Transmisison & DistributionFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 4, 2026Score 13/3027% below fair value
$93.66+0.58 (+0.62%)
Close on Nov 13, 2026Market cap $6.79BP/E 12.4Yield 2.65%
Southwest Gas profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Southwest Gas's profit margin for the twelve months ending Mar 31, 2026 was 26.1%. For fiscal 2025 it was 22.7%, against 8.0% the year before. The highest annual figure on record is 22.7% in fiscal 2025.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 22.7% | +14.6 |
| FY2024 | Dec 31, 2024 | 8.0% | +2.1 |
| FY2023 | Dec 31, 2023 | 6.0% | +10.1 |
| FY2022 | Dec 31, 2022 | -4.1% | −9.6 |
| FY2021 | Dec 31, 2021 | 5.5% | −1.6 |
| FY2020 | Dec 31, 2020 | 7.0% | +0.2 |
| FY2019 | Dec 31, 2019 | 6.9% | +0.5 |
| FY2018 | Dec 31, 2018 | 6.3% | −1.3 |
| FY2017 | Dec 31, 2017 | 7.6% | +1.4 |
| FY2016 | Dec 31, 2016 | 6.2% | +0.3 |
| FY2015 | Dec 31, 2015 | 5.9% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q1 FY2026 | Mar 31, 2026 | 23.6% | +8.4 |
| Q4 FY2025 | Dec 31, 2025 | 21.5% | +4.8 |
| Q3 FY2025 | Sep 30, 2025 | 82.9% | +82.8 |
| Q2 FY2025 | Jun 30, 2025 | -10.1% | −11.7 |
| Q1 FY2025 | Mar 31, 2025 | 15.3% | +9.7 |
| Q4 FY2024 | Dec 31, 2024 | 16.7% | +11.4 |
| Q3 FY2024 | Sep 30, 2024 | 0.1% | −0.2 |
| Q2 FY2024 | Jun 30, 2024 | 1.6% | −0.7 |
| Q1 FY2024 | Mar 31, 2024 | 5.5% | +2.7 |
| Q4 FY2023 | Dec 31, 2023 | 5.3% | +25.1 |
| Q3 FY2023 | Sep 30, 2023 | 0.3% | +1.4 |
| Q2 FY2023 | Jun 30, 2023 | 2.2% | +2.8 |
| Q1 FY2023 | Mar 31, 2023 | 2.9% | −4.7 |
| Q4 FY2022 | Dec 31, 2022 | -19.7% | −26.2 |
| Q3 FY2022 | Sep 30, 2022 | -1.1% | +0.2 |
| Q2 FY2022 | Jun 30, 2022 | -0.6% | −3.6 |
| Q1 FY2022 | Mar 31, 2022 | 7.6% | −5.7 |
| Q4 FY2021 | Dec 31, 2021 | 6.4% | −4.9 |
| Q3 FY2021 | Sep 30, 2021 | -1.3% | −3.6 |
| Q2 FY2021 | Jun 30, 2021 | 3.1% | −2.0 |
| Q1 FY2021 | Mar 31, 2021 | 13.2% | +4.6 |
| Q4 FY2020 | Dec 31, 2020 | 11.3% | +0.5 |
| Q3 FY2020 | Sep 30, 2020 | 2.3% | +1.6 |
| Q2 FY2020 | Jun 30, 2020 | 5.0% | +1.9 |
| Q1 FY2020 | Mar 31, 2020 | 8.7% | −2.7 |
| Q4 FY2019 | Dec 31, 2019 | 10.8% | +2.0 |
| Q3 FY2019 | Sep 30, 2019 | 0.7% | −1.1 |
| Q2 FY2019 | Jun 30, 2019 | 3.1% | −0.1 |
| Q1 FY2019 | Mar 31, 2019 | 11.4% | +0.9 |
| Q4 FY2018 | Dec 31, 2018 | 8.8% | −4.2 |
| Q3 FY2018 | Sep 30, 2018 | 1.8% | +0.1 |
| Q2 FY2018 | Jun 30, 2018 | 3.2% | +0.0 |
| Q1 FY2018 | Mar 31, 2018 | 10.5% | −0.1 |
| Q4 FY2017 | Dec 31, 2017 | 13.0% | +2.9 |
| Q3 FY2017 | Sep 30, 2017 | 1.7% | +1.3 |
| Q2 FY2017 | Jun 30, 2017 | 3.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 10.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 10.2% | – |
| Q3 FY2016 | Sep 30, 2016 | 0.5% | – |
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