SWXNYSENatural Gas Transmisison & DistributionFiscal year ends December 31
Southwest Gas Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$86.39−1.06 (-1.21%)
Close on Oct 19, 2026
- Market cap
- $6.28B
- P/E (TTM)
- 11.4
- Dividend yield
- 2.87%
Southwest Gas statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Natural Gas Transmisison & Distribution companies for comparison
Valuation
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Market Cap | $6.26B | $3.85B |
| Enterprise Value | $9.50B | $6.69B |
| PE Ratio | 11.44 | 20.58 |
| PB Ratio | 1.52 | 1.94 |
| P/TBV Ratio | 1.52 | 2.17 |
| P/OCF Ratio | 14.01 | 9.72 |
Enterprise value
| Measure | Southwest Gas | Industry median |
|---|---|---|
| EV / EBITDA | 11.24 | 13.54 |
| EV / EBIT | 19.02 | 21.33 |
Income (trailing twelve months)
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Operating Income | $499.35M | $356.99M |
| Pretax Income | $369.35M | $257.00M |
| Net Income | $546.61M | $132.10M |
| EBITDA | $844.89M | $626.69M |
| EPS (Diluted) | $7.55 | $1.96 |
Returns
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Return on Equity (ROE) | 14.1% | 8.92% |
| Return on Assets (ROA) | 4.82% | 2.64% |
| Return on Invested Capital (ROIC) | 4.49% | 5.67% |
| Return on Capital Employed (ROCE) | 5.15% | 4.66% |
Growth
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Net Income Growth (YoY) | 228.4% | 7.61% |
| EPS Growth (YoY) | 228.3% | 6.88% |
| FCF Growth (YoY) | -432.8% | -17.8% |
| Revenue Growth (3Y CAGR) | -26.9% | 3.90% |
| Revenue Growth (5Y CAGR) | -10.1% | 7.73% |
| EPS Growth (5Y CAGR) | 7.99% | 6.12% |
Balance sheet
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $270.52M | $70.00M |
| Total Debt | $3.51B | $3.59B |
| Net Cash (Debt) | -$3.24B | -$1.91B |
| Net Cash Per Share | -$44.71 | -$20.23 |
| Equity (Book Value) | $4.13B | $1.73B |
| Book Value Per Share | $56.94 | $16.33 |
| Tangible Book Value | $4.11B | $1.17B |
| Working Capital | $90.52M | -$8.30M |
Financial position
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Current Ratio | 1.12 | 0.93 |
| Quick Ratio | 0.50 | 0.38 |
| Debt / Equity | 0.85 | 1.21 |
| Debt / EBITDA | 4.15 | 5.16 |
| Net Debt / EBITDA | 3.83 | 4.92 |
Cash flow (trailing twelve months)
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Operating Cash Flow | $446.69M | $490.44M |
| Capital Expenditures | -$974.53M | -$731.05M |
| Free Cash Flow | -$527.84M | -$28.09M |
| FCF Per Share | -$7.29 | -$0.72 |
Efficiency
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Profits Per Employee | $62.92K | $108.08K |
| Employee Count | 8,687 | 1,512 |
Dividends and yields
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Earnings Yield | 8.73% | 4.07% |
| FCF Yield | -8.43% | -3.88% |
| Dividend Yield | 2.87% | 2.92% |
| Buyback Yield | -0.31% | -1.11% |
| Shareholder Yield | 2.56% | 1.61% |
| Dividend Per Share | $2.48 | $1.98 |
| Dividend Growth (YoY) | 0.00% | 5.10% |
| Years of Dividend Growth | 0 | 10 |
| Payout Ratio | 33.1% | 57.9% |
Shares
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Shares Outstanding | 72,445,900 | 123,005,500 |
| Shares Change (YoY) | 0.60% | 2.12% |
| Shares Change (QoQ) | 0.10% | 0.05% |
| Float | 64,645,300 | 112,991,500 |
| Shares Held by Insiders | 10.8% | 1.67% |
| Shares Held by Institutions | 93.1% | 81.0% |
Taxes
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Income Tax | $114.84M | $40.00M |
| Effective Tax Rate | 31.1% | 16.2% |
Scores
| Measure | Southwest Gas | Industry median |
|---|---|---|
| Graham Number | $98.35 | $46.35 |
| Graham Upside | 13.8% | -25.2% |
| Altman Z-Score | 0.91 | 1.03 |
| Piotroski F-Score | 5 | 5 |
Calculated by StockData from Southwest Gas's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.