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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 statistics

93 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings
Feb 24, 2027 (estimated, before the open)
Last ex-dividend date
Aug 17, 2026
Fundamentals through
Jun 30, 2026
Share price as of
Nov 13, 2026

Valuation ratiosIndustry

Market Cap
$6.79B
$5.24B
Enterprise Value
$10.02B
$8.75B
PE Ratio
12.41
20.21
PB Ratio
1.64
1.95
P/TBV Ratio
1.65
2.12
P/OCF Ratio
15.19
9.62

Enterprise valuationIndustry

EV / EBITDA
11.87
13.37
EV / EBIT
20.08
20.98

Share statisticsIndustry

Shares Change (YoY)
0.60%
2.02%
Shares Change (QoQ)
0.10%
0.04%
Float
65M
118M
Shares Held by Insiders
10.8%
1.37%
Shares Held by Institutions
93.1%
80.3%

Short sellingIndustry

Short Interest
3M
–
Short Interest Change
-7.59%
-1.80%
Short % of Float
4.19%
4.12%
Short % of Shares Outstanding
3.74%
3.58%
Days to Cover
3.67
4.52

Stock price statisticsIndustry

52-Week High
$94.47
–
52-Week Low
$78.37
–
20-Day Moving Average
$91.75
–
50-Day Moving Average
$87.52
–
200-Day Moving Average
$88.68
–
Average True Range (14)
$1.92
–
Price Change (1 Week)
2.55%
1.53%
Price Change (1 Month)
8.65%
3.82%
Price Change (3 Months)
2.63%
-3.37%
Price Change (6 Months)
6.80%
-2.42%
Price Change (YTD)
17.0%
5.22%
Price Change (1 Year)
14.7%
1.91%
Price Change (3 Years)
52.8%
35.3%
Price Change (5 Years)
34.6%
23.2%
Price Change (10 Years)
29.5%
52.6%
Average Volume (10 Days)
718,838
–
Average Volume (20 Days)
731,871
–
Average Volume (90 Days)
606,418
–
Relative Volume
0.69
0.81
Relative Strength Index (14)
65.1
53.8
Volatility (1 Year)
17.8%
25.2%
Beta (5 Years)
0.41
0.43

Returns on capitalIndustry

Return on Equity (ROE)
14.1%
9.20%
Return on Assets (ROA)
4.82%
2.64%
Return on Invested Capital (ROIC)
4.49%
5.77%
Return on Capital Employed (ROCE)
5.15%
4.78%

Financial positionIndustry

Current Ratio
1.12
0.90
Quick Ratio
0.50
0.39
Debt / Equity
0.85
1.30
Debt / EBITDA
4.15
4.88
Net Debt / EBITDA
3.83
4.68

GrowthIndustry

Net Income Growth (YoY)
228.4%
12.1%
EPS Growth (YoY)
228.3%
10.4%
FCF Growth (YoY)
-432.8%
1.23%
Revenue Growth (3Y CAGR)
-26.9%
3.90%
Revenue Growth (5Y CAGR)
-10.1%
7.80%
EPS Growth (5Y CAGR)
7.99%
6.26%

EfficiencyIndustry

Profits Per Employee
$311.81K
$118.50K
Employee Count
1,753
1,444
WACC
6.68%
6.96%

Income statement (TTM)Industry

Operating Income
$499.35M
$370.54M
Pretax Income
$369.35M
$279.10M
Net Income
$546.61M
$140.26M
EBITDA
$844.89M
$664.06M
EPS (Diluted)
$7.55
$2.12

Balance sheetIndustry

Total Debt
$3.51B
$4.67B
Net Cash (Debt)
-$3.24B
-$2.57B
Net Cash Per Share
-$44.71
-$23.93
Equity (Book Value)
$4.13B
$2.20B
Book Value Per Share
$56.94
$18.60
Tangible Book Value
$4.11B
$1.44B
Working Capital
$90.52M
-$14.10M

Cash flow (TTM)Industry

Operating Cash Flow
$446.69M
$516.26M
Capital Expenditures
-$974.53M
-$771.90M
Free Cash Flow
-$527.84M
-$37.62M
FCF Per Share
-$7.29
-$0.53

Dividends and yieldsIndustry

Earnings Yield
8.06%
4.40%
FCF Yield
-7.78%
-3.90%
Dividend Yield
2.65%
2.80%
Buyback Yield
-0.29%
-1.03%
Shareholder Yield
2.36%
1.62%
Dividend Per Share
$2.48
$1.98
Dividend Growth (YoY)
0.00%
5.10%
Years of Dividend Growth
0
11
Payout Ratio
33.1%
58.8%

Taxes and interestIndustry

Income Tax
$114.84M
$44.44M
Effective Tax Rate
31.1%
16.0%

Scores and fair valueIndustry

Graham Number
$98.35
$47.70
Graham Upside
5.01%
-27.6%
Altman Z-Score
0.96
1.09
Piotroski F-Score
5
5
Lynch Fair Value
$60.32
–
Lynch Upside
-35.6%
-36.4%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodSWXS&P 500DifferenceSWX per yearS&P 500 per year
1 month+9.0%-3.0%+12.1 pts
3 months+2.4%-2.8%+5.2 pts
Year to date+19.6%+11.5%+8.1 pts
1 year+18.4%+13.5%+4.9 pts
3 years+76.2%+77.7%−1.5 pts+20.8%+21.1%
5 years+58.5%+72.6%−14.1 pts+9.7%+11.5%
10 years+77.8%+308.2%−230.4 pts+5.9%+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

3M SWX shares were sold short on Oct 30, 2026, down 7.6% from the previous report, or 4.19% of the shares available to trade. At recent volumes it would take 3.7 days to buy them back. Over the last 20 sessions, 64.6% of the volume reported to FINRA was short selling.

Settlement dateShares shortChangeAvg. daily volumeDays to cover
Oct 30, 20262,711,528-7.6%738,0543.7
Oct 15, 20262,934,131+2.1%600,5464.9
Sep 30, 20262,874,602+30.0%970,7283.0
Sep 15, 20262,210,897+15.2%592,2863.7
Aug 31, 20261,919,667-16.7%372,4585.2
Aug 14, 20262,305,843+20.4%471,7274.9
Jul 31, 20261,914,378-10.2%467,9644.1
Jul 15, 20262,132,448-1.8%460,6324.6
Jun 30, 20262,170,532+31.3%871,5942.5
Jun 15, 20261,653,416+14.1%501,9843.3
May 29, 20261,449,413-2.8%434,3803.3
May 15, 20261,491,652-1.6%497,9693.0

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

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