Southwest Gas Holdings, Inc. (SWX) stock
Close on Nov 12, 2026Market cap $6.74BP/E 12.3Yield 2.66%
Southwest Gas Holdings, Inc. saw revenue fall 21.6% to $1.94B over fiscal 2025. Operating income rose 11.2% to $499.35M, moving the operating margin from 18.1% to 25.7%. Free cash flow was -$527.84M, down 432.8% from a year earlier. At the latest close the market valued the company at $6.74B, 12.3 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over fiscal 2025, balances at Jun 30, 2026
Valuation
- Market cap
- $6.74B
- P/E ratio
- 12.3
- Price to sales
- –
- Price to book
- 1.63
- Dividend yield
- 2.66%
- Free cash flow yield
- -7.83%
Fundamentals
- Revenue
- $1.94B
- Net income
- $546.61M
- EPS, diluted
- $7.55
- Free cash flow
- -$527.84M
- Book value per share
- $56.77
- Diluted shares
- 73M
Trading
- Next earnings
- Feb 24, 2027 (estimated, before the open)
- Previous close
- $92.67
- Open
- $93.49
- Day's range
- $92.38 – $94.41
- Volume
- 601,867
- Average volume (20 days)
- 744,477
- Index membership
- S&P MidCap 400, Russell 2000, Russell 3000
- Beta (5 years)
- 0.41
- 52-week range
- $78.37 – $94.47
- RSI (14 days)
- 63.1
- Volatility (1 year)
- 17.8%
- Relative volume
- 1.00×
- WACC
- 6.6%
Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2017, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | SWX | S&P 500 | Difference | SWX per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +9.1% | -2.7% | +11.8 pts | ||
| 3 months | +1.7% | -1.7% | +3.4 pts | ||
| Year to date | +18.8% | +11.9% | +6.9 pts | ||
| 1 year | +17.3% | +12.0% | +5.3 pts | ||
| 3 years | +78.1% | +78.2% | −0.0 pts | +21.2% | +21.2% |
| 5 years | +57.6% | +73.2% | −15.7 pts | +9.5% | +11.6% |
| 10 years | +76.7% | +309.6% | −233.0 pts | +5.9% | +15.1% |
Twelve years at a glance
Fiscal years 2014 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Southwest Gas filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
About Southwest Gas
Natural Gas Transmisison & Distribution
Southwest Gas Corporation purchases, distributes, and transports natural gas to customers across several utility customer classes. The company operates through natural gas transmission, gas distribution, and storage operations, alongside natural gas processing facilities. Its customer base includes residential consumers, small commercial establishments, large commercial enterprises, industrial clients, and transportation customers who utilize its transmission and distribution pipeline systems.
Company profile, executives and historySouthwest Gas stock: common questions
What is Southwest Gas's stock price?
SWX closed at $93.08 on Nov 12, 2026, up 0.44% on the day. Over the past 52 weeks it traded between $78.37 and $94.47.
What is Southwest Gas's market cap?
Southwest Gas was worth $6.74B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.
What is SWX's P/E ratio?
SWX trades at 12.3 times earnings, based on diluted earnings per share of $7.55 over the twelve months to Jun 30, 2026.
How much revenue does Southwest Gas make?
Southwest Gas reported revenue of $1.94B for fiscal 2025, down 21.6% from a year earlier.
Does Southwest Gas pay a dividend?
Yes. Southwest Gas paid $2.48 per share over the last twelve months, a yield of 2.66% at the latest price.
When does Southwest Gas report earnings next?
Southwest Gas is expected to report Q4 FY2026 results on Feb 24, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has SWX stock performed over the past year?
Including dividends, SWX returned +17.3% over the past year, against +12.0% for the S&P 500.
How many SWX shares are sold short?
3M shares were sold short at the latest FINRA report, 4.19% of the float, or 3.7 days of average trading volume.
Who are Southwest Gas's competitors?
Companies most similar to Southwest Gas by business, industry and size include CPK, NWN, SR, CTRI, NFG.
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