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StockVS

NYSE · Utilities - Regulated Gas · USD

Southwest Gas Holdings, Inc. (SWX) Stock Analysis

Southwest Gas Holdings, Inc. (SWX) is a Utilities - Regulated Gas stock listed on NYSE and quoted in US Dollar.

SWX

$88.06

−$0.63 (−0.71%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SWX Key Statistics

As of Sep 4, 2026
Trading
Open
$88.23
Previous Close
$88.69
Day's Range
87.60–89.16
52-Week Range
76.59–94.47
Volume
515.80K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.56
Valuation
Market Cap
$6.38B
P/E Ratio
22.75
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
17.83
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.86
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.66
EPS (ttm)Profit attributable to each share over the last twelve months.
3.87
Financials (FY)
Revenue (FY)
$1.94B−21.61%
Net Income (FY)
$439.83M+121.22%
Profit marginThe share of revenue left as profit after all costs and taxes.
31.40%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
72.45M
1-Year Return
+13.89%
Dividend and dates
Dividend
$2.58+2.91%
Ex-Dividend Date
August 17, 2026
Earnings Date
November 4, 2026
Avg Volume
521.43K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

SWX Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+11.63%
2025+16.92%
2024+15.68%
2023+6.61%
2022−8.67%
2021+19.34%
2020−17.50%
2019+1.97%
2018−2.32%
2017+7.58%
2016 (partial year)+2.84%

As of September 4, 2026.

SWX Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$1.94B$439.83M22.7%
2024$2.48B$198.82M8.0%
2023$2.53B$150.89M6.0%
2022$4.96B−$203.29M−4.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.94B$898.68M$481.55M$439.83M22.7%
2024$2.48B$798.53M$406.39M$198.82M8.0%
2023$2.53B$748.42M$364.36M$150.89M6.0%
2022$4.96B$994.87M$430.76M−$203.29M−4.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SWX Dividend History

$2.48+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.913—
2025$2.484+0.0%
2024$2.484+0.0%
2023$2.484+1.0%
YearDividends per sharePaymentsChange
2026 (partial year)$1.913—
2025$2.484+0.0%
2024$2.484+0.0%
2023$2.484+1.0%
2022$2.464+4.2%
2021$2.364+4.4%
2020$2.264+4.6%
2019$2.164+4.9%
2018$2.064+6.2%
2017$1.944+330.0%
2016$0.451—

Most recent payment: $0.64 per share, ex-dividend August 17, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

SWX Valuation vs Utilities - Regulated Gas Median

Median of 17 stocks
MetricSWXUtilities - Regulated Gas medianvs median
P/E22.7518.4124% above
P/S ratio3.662.1769% above
Profit margin31.40%13.01%18.4 pts above

Medians across 17 Utilities - Regulated Gas stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 18 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Southwest Gas Holdings, Inc. (SWX) carries a market capitalisation of $6.38B. It is classified in the Utilities - Regulated Gas industry, within the Utilities sector. The company reports 2,453 employees.

Over the past 52 weeks the price has ranged from $76.59 to $94.47. The most recent close on file for SWX is $88.06, dated September 4, 2026. That is −$0.63 (−0.71%) against the previous close. The latest close sits 14.98% above that 52-week low.

Financial Health

In fiscal 2025, Southwest Gas Holdings, Inc. reported revenue of $1.94B. That is −21.61% against the prior fiscal year, when revenue was $2.48B. Net income for the same year was $439.83M. That is +121.22% against the prior fiscal year. Profit margin runs at 31.4%. That is 18.4 percentage points above the Utilities - Regulated Gas median of 13.01%. Trailing earnings per share are 3.87.

Across the 4 fiscal years on file, revenue moves from $4.96B in 2022 to $1.94B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 22.75. That is 23.61% above the Utilities - Regulated Gas median of 18.41. On forward earnings the ratio is 17.83. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.86. Measured against sales, the shares trade at 3.66 times revenue. On price-to-sales that is 68.77% above the Utilities - Regulated Gas median of 2.17. The medians here are taken across 17 Utilities - Regulated Gas companies that report the metric.

The trailing one-year price return is +13.89%. Measured over 10 years, that is +5.38% a year compounded. Beta against the wider market is reported at 0.56. Annualized volatility over the trailing 10 years is 27.34%.

Growth & Income

Shareholders receive a dividend, yielding 2.91% on the latest price. That is 0.8 percentage points below the Utilities - Regulated Gas median yield of 3.69%. The indicated annual rate is $2.58 a share. The ex-dividend date on file is August 17, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.91 a share. The year before, 2025, totalled $2.48 a share.

The strongest complete calendar year on file is 2021 at +19.34%; the weakest is 2020 at −17.50%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the price is +11.63% year to date.

Peer Comparison

Southwest Gas Holdings, Inc. (SWX) operates in the Utilities - Regulated Gas industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Southwest Gas Holdings, Inc. SWX $6.38B 22.8
Atmos Energy Corporation ATO $28.32B 20.2
NiSource Inc. NI $19.85B 22.1
UGI Corporation UGI $8.14B 12.6

The Utilities - Regulated Gas industry average P/E ratio is 18.4x. Southwest Gas Holdings, Inc. trades at a P/E of 22.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc., through its subsidiary, Southwest Gas Corporation, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California in the United States. The company offers tariff sales and transportation services. It also operates a pipeline transmission system, including an LNG storage facility. As of December 31, 2025, the company served approximately 2,281,000 customers with 1,224,000 in Arizona, 849,000 in Nevada, and 208,000 in California. Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Nevada.

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