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Southwest Gas Holdings, Inc. SWX

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Price alert · SWX

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94.17 USD +1.84 (+1.99%)

Nov 5, 2026, 10:44 AM EST

93.08 Day range 94.24
78.26 52-week range 94.47
YTD
+17.68%
1 year
+19.22%

Financial health

Altman Z-Score

1.09 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

6 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B3 / 5 overall

  • DCF 1
  • Return on Equity 2
  • Return on Assets 3
  • Debt / Equity 5
  • P/E 2
  • P/B 3

Valuation

P/E 13.1×
FY 2016: 23.9×FY 2017: 19.9×FY 2018: 20.7×FY 2019: 19.3×FY 2020: 14.6×FY 2021: 20.7×FY 2022: -20.0×FY 2023: 29.7×FY 2024: 25.5×FY 2025: 13.1×
FY 2016 5y median 20.7× FY 2025
P/S 3.0×
FY 2016: 1.5×FY 2017: 1.5×FY 2018: 1.3×FY 2019: 1.3×FY 2020: 1.0×FY 2021: 1.1×FY 2022: 0.8×FY 2023: 0.8×FY 2024: 1.0×FY 2025: 3.0×
FY 2016 5y median 1.0× FY 2025
P/B 1.5×
FY 2016: 2.2×FY 2017: 2.1×FY 2018: 1.7×FY 2019: 1.6×FY 2020: 1.3×FY 2021: 1.4×FY 2022: 1.3×FY 2023: 1.4×FY 2024: 1.4×FY 2025: 1.5×
FY 2016 5y median 1.4× FY 2025
P/FCF -22.9×
FY 2016: 52.8×FY 2017: -15.2×FY 2018: -15.9×FY 2019: -9.4×FY 2020: -17.1×FY 2021: -6.9×FY 2022: -9.0×FY 2023: -12.3×FY 2024: 12.4×FY 2025: -22.9×
FY 2016 5y median -9.0× FY 2025
EV/EBITDA 10.1×
FY 2016: 8.9×FY 2017: 10.1×FY 2018: 10.1×FY 2019: 9.8×FY 2020: 8.3×FY 2021: 13.9×FY 2022: 22.6×FY 2023: 10.4×FY 2024: 10.0×FY 2025: 10.1×
FY 2016 5y median 10.4× FY 2025
EV/Sales 4.5×
FY 2016: 2.1×FY 2017: 2.3×FY 2018: 2.1×FY 2019: 2.2×FY 2020: 1.9×FY 2021: 2.8×FY 2022: 2.0×FY 2023: 1.8×FY 2024: 1.9×FY 2025: 4.5×
FY 2016 5y median 2.0× FY 2025
FCF Yield -4.4%
FY 2016: 1.9%FY 2017: -6.6%FY 2018: -6.3%FY 2019: -10.6%FY 2020: -5.9%FY 2021: -14.6%FY 2022: -11.1%FY 2023: -8.1%FY 2024: 8.1%FY 2025: -4.4%
FY 2016 5y median -8.1% FY 2025

Profitability

Gross Margin 29.3%
FY 2016: 25.9%FY 2017: 24.8%FY 2018: 23.1%FY 2019: 23.6%FY 2020: 24.8%FY 2021: 22.3%FY 2022: 20.1%FY 2023: 18.8%FY 2024: 19.8%FY 2025: 29.3%
FY 2016 5y median 20.1% FY 2025
Operating Margin 24.4%
FY 2016: 12.0%FY 2017: 12.7%FY 2018: 12.4%FY 2019: 11.9%FY 2020: 12.8%FY 2021: 10.0%FY 2022: -0.5%FY 2023: 7.7%FY 2024: 9.5%FY 2025: 24.4%
FY 2016 5y median 9.5% FY 2025
Net Margin 22.7%
FY 2016: 6.2%FY 2017: 7.6%FY 2018: 6.3%FY 2019: 6.9%FY 2020: 7.0%FY 2021: 5.5%FY 2022: -4.1%FY 2023: 2.8%FY 2024: 3.9%FY 2025: 22.7%
FY 2016 5y median 3.9% FY 2025
ROE 11.1%
FY 2016: 9.1%FY 2017: 10.7%FY 2018: 8.1%FY 2019: 8.5%FY 2020: 8.7%FY 2021: 6.8%FY 2022: -6.6%FY 2023: 4.6%FY 2024: 5.7%FY 2025: 11.1%
FY 2016 5y median 5.7% FY 2025
ROIC 3.5%
FY 2016: 3.9%FY 2017: 4.3%FY 2018: 4.0%FY 2019: 4.0%FY 2020: 4.2%FY 2021: 2.6%FY 2022: -0.2%FY 2023: 3.0%FY 2024: 3.8%FY 2025: 3.5%
FY 2016 5y median 3.0% FY 2025
ROA 4.2%
FY 2016: 2.7%FY 2017: 3.1%FY 2018: 2.5%FY 2019: 2.6%FY 2020: 2.7%FY 2021: 1.6%FY 2022: -1.5%FY 2023: 1.3%FY 2024: 1.7%FY 2025: 4.2%
FY 2016 5y median 1.6% FY 2025

Growth (YoY)

Revenue -62.0%
FY 2016: -0.1%FY 2017: 3.6%FY 2018: 13.0%FY 2019: 8.3%FY 2020: 5.7%FY 2021: 11.6%FY 2022: 34.8%FY 2023: 9.6%FY 2024: -5.9%FY 2025: -62.0%
FY 2016 FY 2025
Operating Income -2.0%
FY 2016: 2.6%FY 2017: 9.5%FY 2018: 10.4%FY 2019: 4.0%FY 2020: 13.8%FY 2021: -12.6%FY 2022: -106.6%FY 2023: 1814.6%FY 2024: 15.6%FY 2025: -2.0%
FY 2016 FY 2025
EPS (diluted) 120.3%
FY 2016: 8.9%FY 2017: 27.0%FY 2018: -8.9%FY 2019: 7.1%FY 2020: 5.1%FY 2021: -18.1%FY 2022: -191.4%FY 2023: 168.7%FY 2024: 29.6%FY 2025: 120.3%
FY 2016 FY 2025
Free Cash Flow -161.4%
FY 2016: 16.4%FY 2017: -468.4%FY 2018: 6.6%FY 2019: -84.7%FY 2020: 54.5%FY 2021: -203.6%FY 2022: 25.2%FY 2023: 19.6%FY 2024: 212.8%FY 2025: -161.4%
FY 2016 FY 2025

Financial Health

Current Ratio 1.3×
FY 2016: 0.8×FY 2017: 0.8×FY 2018: 0.9×FY 2019: 0.8×FY 2020: 1.0×FY 2021: 0.5×FY 2022: 1.1×FY 2023: 1.1×FY 2024: 0.8×FY 2025: 1.3×
FY 2016 5y median 1.1× FY 2025
Quick Ratio 1.2×
FY 2016: 0.8×FY 2017: 0.8×FY 2018: 0.9×FY 2019: 0.8×FY 2020: 1.0×FY 2021: 0.5×FY 2022: 1.1×FY 2023: 1.1×FY 2024: 0.8×FY 2025: 1.2×
FY 2016 5y median 1.1× FY 2025
Debt / Equity 0.9×
FY 2016: 1.0×FY 2017: 1.1×FY 2018: 1.0×FY 2019: 1.1×FY 2020: 1.1×FY 2021: 2.1×FY 2022: 2.0×FY 2023: 1.6×FY 2024: 1.4×FY 2025: 0.9×
FY 2016 5y median 1.6× FY 2025
Net Debt / EBITDA 3.4×
FY 2016: 2.7×FY 2017: 3.5×FY 2018: 3.7×FY 2019: 3.8×FY 2020: 3.7×FY 2021: 8.3×FY 2022: 13.3×FY 2023: 5.6×FY 2024: 4.8×FY 2025: 3.4×
FY 2016 5y median 5.6× FY 2025
Interest Coverage 2.3×
FY 2016: 4.0×FY 2017: 4.1×FY 2018: 3.7×FY 2019: 3.4×FY 2020: 3.8×FY 2021: 3.1×FY 2022: -0.1×FY 2023: 1.4×FY 2024: 1.6×FY 2025: 2.3×
FY 2016 5y median 1.6× FY 2025

Dividends

Dividend Yield 3.1%
FY 2016: 2.3%FY 2017: 2.4%FY 2018: 2.7%FY 2019: 2.8%FY 2020: 3.7%FY 2021: 3.3%FY 2022: 4.0%FY 2023: 3.9%FY 2024: 3.5%FY 2025: 3.1%
FY 2016 5y median 3.5% FY 2025
Payout Ratio 40.6%
FY 2016: 54.8%FY 2017: 47.5%FY 2018: 55.0%FY 2019: 54.3%FY 2020: 54.0%FY 2021: 68.8%FY 2022: -79.0%FY 2023: 115.7%FY 2024: 89.4%FY 2025: 40.6%
FY 2016 5y median 68.8% FY 2025

Annual · latest fiscal year ends 2025-12-31