What is Southwest Gas Ho's earnings per share (EPS)?

Southwest Gas Ho (SWX) reported diluted earnings per share of $6.08 for fiscal year 2025. This represents a 120.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Southwest Gas Ho (SWX) Financials

SWX

FY2025 annual

Net Income $439.8M +121.2% YoY

EPS (Diluted) $6.08 +120.3% YoY

Free Cash Flow -$251.8M -149.4% YoY

Operating Cash Flow $556.1M -59.0% YoY

Market Cap $6.4B as of Sep 5, 2026

Price / Sales n/m no revenue reported

Price / Earnings 14.5x on $439.8M net income, FY2025

Price / Book 1.5x on $4.1B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SWX SEC filings page.

This page shows Southwest Gas Ho (SWX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SWX FY2025 2026-09-05

Southwest Gas is showing a deleveraging balance sheet while capital spending still outruns internally generated cash.

FY2025 net income of $439.8M became $556.1M of operating cash flow, indicating reported profit was broadly cash-backed. Yet reinvestment absorbed more cash than operations produced: capex reached $807.9M, leaving free cash flow at -$251.8M and making infrastructure spending the main constraint on cash after reinvestment.

Leverage improved materially: debt-to-equity fell from 1.4x in FY2023 to 0.9x in FY2025. The current ratio also rose from 0.8x in FY2024 to 1.3x in FY2025, pointing to better short-term coverage alongside the lower leverage.

Returns strengthened faster than the capital base alone would suggest: return on assets increased from 1.7% in FY2024 to 4.2% in FY2025. Return on equity likewise rose from 5.7% to 11.1%, showing that the latest earnings improvement reached both asset productivity and shareholder returns.

Financial Health Signals

Financial health score not available

Southwest Gas Ho does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/7

Southwest Gas Ho passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.26x

For every $1 of reported earnings, Southwest Gas Ho generates $1.26 in operating cash flow ($556.1M OCF vs $439.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.33x

Southwest Gas Ho earns $2.33 in operating income for every $1 of interest expense ($473.9M vs $203.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

EBITDA

$162.2M

YoY+21.5%

QoQ-49.2%

Southwest Gas Ho's EBITDA was $162.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.5% from the same quarter a year earlier. Against the prior quarter it is down 49.2%.

Net Income

$42.1M

YoY+204.9%

QoQ-69.6%

Southwest Gas Ho reported $42.1M in net income in Q2 2026. This represents an increase of 204.9% from the same quarter a year earlier. Against the prior quarter it is down 69.6%.

EPS (Diluted)

$0.58

YoY+203.6%

QoQ-69.6%

5Y CAGR+6.2%

10Y CAGR+11.8%

Southwest Gas Ho earned $0.58 per diluted share (EPS) in Q2 2026. This represents an increase of 203.6% from the same quarter a year earlier. Against the prior quarter it is down 69.6%.

Revenue

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

-$174.3M

YoY-138.9%

QoQ-274.2%

Southwest Gas Ho recorded an outflow of $174.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 138.9% from the same quarter a year earlier. Against the prior quarter it is down 274.2%.

Cash & Debt

$270.5M

YoY-23.9%

QoQ-44.2%

5Y CAGR+41.6%

10Y CAGR+36.4%

Southwest Gas Ho held $270.5M in cash against $3.4B in long-term debt as of Q2 2026.

Dividends Per Share

$0.65

YoY+4.0%

QoQ+4.0%

Southwest Gas Ho paid $0.65 per share in dividends in Q2 2026. This represents an increase of 4.0% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.

Shares Outstanding

72M

YoY+0.6%

QoQ+0.1%

5Y CAGR+4.2%

Southwest Gas Ho had 72M shares outstanding in Q2 2026. This represents an increase of 0.6% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Return on Equity

1.0%

YoY+2.1pp

QoQ-2.4pp

Southwest Gas Ho's ROE was 1.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$320.4M

YoY+60.8%

QoQ+53.5%

5Y CAGR+11.6%

10Y CAGR+7.7%

Southwest Gas Ho invested $320.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 60.8% from the same quarter a year earlier. Against the prior quarter it is up 53.5%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

SWX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SWX quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	N/A	N/A	N/A	$5.4B+9.6%	$5.0B+34.8%	$3.7B+11.6%	$3.3B+5.7%	$3.1B+8.3%	$2.9B+13.0%	$2.5B+3.6%	$2.5B+4.3%	$2.4B
Cost of Revenue	N/A	N/A	$2.4B-7.7%	$2.6B+3.5%	$2.5B+29.3%	$2.0B+13.1%	$1.7B+9.9%	$1.6B+13.4%	$1.4B+20.8%	$1.1B+12.2%	$1.0B	N/A
Gross Profit	N/A	N/A	N/A	$2.8B+15.9%	$2.4B+40.9%	$1.7B+9.9%	$1.6B+1.5%	$1.5B+3.6%	$1.5B+6.6%	$1.4B-2.5%	$1.4B	N/A
Operating Income	N/A	$473.9M+16.6%	$406.5M+38.7%	$293.0M+1300.8%	-$24.4M-106.6%	$369.5M-12.6%	$423.0M+13.8%	$371.8M+4.0%	$357.4M+4.2%	$343.1M+8.8%	$315.5M+9.4%	$288.3M
EBITDA	N/A	$804.6M+13.4%	$709.6M+20.6%	$588.4M+31.9%	$446.1M-39.8%	$740.6M-1.9%	$755.0M+11.8%	$675.0M+11.3%	$606.6M+2.1%	$594.1M-1.7%	$604.6M+8.3%	$558.4M
Interest Expense	N/A	$203.1M-31.6%	$297.0M+1.6%	$292.3M+20.4%	$242.8M+103.7%	$119.2M+6.9%	$111.5M+2.1%	$109.2M+13.0%	$96.7M+23.8%	$78.1M+6.0%	$73.7M+2.5%	$71.9M
Income Tax	N/A	$96.0M+189.6%	$33.2M+12.7%	$29.4M+138.9%	-$75.7M-290.8%	$39.6M-39.7%	$65.8M+17.4%	$56.0M-9.2%	$61.7M-5.2%	$65.1M-17.1%	$78.5M-1.8%	$79.9M
Net Income	N/A	$439.8M+121.2%	$198.8M+31.8%	$150.9M+174.2%	-$203.3M-201.3%	$200.8M-13.6%	$232.3M+8.6%	$213.9M+17.4%	$182.3M-6.0%	$193.8M+27.5%	$152.0M+9.9%	$138.3M
EPS (Basic)	N/A	$6.09+119.9%	$2.77+30.0%	$2.13+168.7%	-$3.10-191.4%	$3.39-18.3%	$4.15+5.3%	$3.94+6.8%	$3.69-8.7%	$4.04+26.2%	$3.20+8.8%	$2.94
EPS (Diluted)	$7.55	$6.08+120.3%	$2.76+29.6%	$2.13+168.7%	-$3.10-191.4%	$3.39-18.1%	$4.14+5.1%	$3.94+7.1%	$3.68-8.9%	$4.04+27.0%	$3.18+8.9%	$2.92
Diluted Shares (Avg)	N/A	72M+0.4%	72M+1.5%	71M+8.3%	66M+10.6%	59M+5.7%	56M+3.2%	54M+9.8%	49M+3.1%	48M+0.4%	48M+0.9%	47M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.1B-7.7%
Cost of Revenue	N/A	N/A	N/A	N/A	$0-100.0%	$528.6M+2.5%	N/A	$644.9M-5.9%
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$434.3M-10.2%
Operating Income	$84.3M+30.8%	$219.3M+2.6%	N/A	$37.0M+83.9%	$64.5M-22.5%	$213.7M+35.2%	N/A	$20.1M-66.6%
EBITDA	$162.2M+21.5%	$318.9M+3.8%	N/A	$116.1M+23.1%	$133.4M-25.6%	$307.4M+10.9%	N/A	$94.3M-43.1%
Interest Expense	$44.1M-38.5%	$45.7M-36.7%	N/A	$49.0M-8.9%	$71.6M-2.9%	$72.3M+0.9%	N/A	$53.8M-25.3%
Income Tax	$9.4M-68.4%	$46.2M+35.1%	N/A	-$803K+89.8%	$29.9M+615.7%	$34.2M+100.3%	N/A	-$7.9M-518.7%
Net Income	$42.1M+204.9%	$138.4M+21.5%	N/A	$262.6M+90776.8%	-$40.2M-319.0%	$113.9M+29.8%	N/A	$289K-91.1%
EPS (Basic)	$0.58+203.6%	$1.91+20.9%	$1.43+10.9%	$3.64	-$0.56-315.4%	$1.58+29.5%	$1.29+26.5%	$0.00-100.0%
EPS (Diluted)	$0.58+203.6%	$1.91+20.9%	$1.43+11.7%	$3.63	-$0.56-324.0%	$1.58+29.5%	$1.28+24.3%	$0.00-100.0%
Diluted Shares (Avg)	73M+0.8%	73M+0.6%	N/A	72M+0.4%	72M+0.1%	72M+0.4%	N/A	72M+0.3%

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.

SWX Balance Sheet

SWX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$10.4B-13.6%	$12.1B+30.1%	$9.3B-29.7%	$13.2B+3.4%	$12.8B+46.1%	$8.7B+6.9%	$8.2B+11.0%	$7.4B+18.0%	$6.2B+11.8%	$5.6B+4.2%	$5.4B
Current Assets	$1.2B-18.6%	$1.5B-22.2%	$1.9B-49.3%	$3.7B+129.6%	$1.6B+85.4%	$871.0M+1.3%	$859.9M+2.4%	$839.8M+27.8%	$657.0M+23.2%	$533.3M	N/A
Cash & Equivalents	$576.6M+83.2%	$314.8M+195.5%	$106.5M-13.4%	$123.1M-44.7%	$222.7M+167.2%	$83.4M+68.3%	$49.5M-42.0%	$85.4M+95.7%	$43.6M+55.4%	$28.1M-22.0%	$36.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$170.6M-16.0%	$203.0M-77.1%	$886.5M+2.3%	$866.2M+22.5%	$707.1M+35.4%	$522.2M+10.1%	$474.1M+14.5%	$413.9M+19.2%	$347.4M+21.8%	$285.1M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$11.2M0.0%	$11.2M-98.6%	$789.7M+0.3%	$787.3M-55.8%	$1.8B+416.1%	$345.2M+0.6%	$343.0M-4.5%	$359.0M+100.2%	$179.3M+28.1%	$140.0M	N/A
Total Liabilities	$6.5B-24.5%	$8.6B+43.6%	$6.0B-41.1%	$10.1B+3.3%	$9.8B+61.9%	$6.1B+7.0%	$5.7B+10.9%	$5.1B+15.5%	$4.4B+12.9%	$3.9B+4.0%	$3.8B
Current Liabilities	$929.9M-49.2%	$1.8B+8.7%	$1.7B-50.8%	$3.4B+10.0%	$3.1B+241.2%	$912.0M-15.5%	$1.1B+15.0%	$938.6M+15.0%	$815.9M+29.8%	$628.4M	N/A
Non-Current Liabilities	$5.5B-17.8%	$6.7B+57.3%	$4.3B-36.2%	$6.7B+0.2%	$6.7B+30.1%	$5.1B+12.3%	$4.6B+10.0%	$4.2B+15.5%	$3.6B+9.6%	$3.3B	N/A
Long-Term Debt	$3.4B-2.0%	$3.5B-24.0%	$4.6B+4.7%	$4.4B+7.0%	$4.1B+50.6%	$2.7B+18.8%	$2.3B+9.2%	$2.1B+17.2%	$1.8B+16.0%	$1.5B	N/A
Total Equity	$4.0B+13.0%	$3.5B+5.9%	$3.3B+8.2%	$3.1B+3.6%	$3.0B+10.4%	$2.7B+6.7%	$2.5B+11.3%	$2.3B+24.1%	$1.8B+9.1%	$1.7B+4.5%	$1.6B
Retained Earnings	$1.0B+34.8%	$758.6M+2.7%	$738.8M-1.1%	$747.1M-33.0%	$1.1B+4.3%	$1.1B+2.8%	$1.0B+10.0%	$944.3M+10.1%	$857.4M+12.9%	$759.3M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$10.5B-14.2%	$10.4B-13.8%	$10.4B-13.6%	$10.3B-13.0%	$12.2B+1.9%	$12.1B+1.6%	$12.1B+30.1%	$11.9B+0.3%
Current Assets	$867.8M-39.1%	$1.1B-26.1%	$1.2B-18.6%	$1.2B-14.6%	$1.4B-17.7%	$1.4B-19.6%	$1.5B-22.2%	$1.5B-27.2%
Cash & Equivalents	$270.5M-23.9%	$484.8M+19.3%	$576.6M+83.2%	$778.6M+70.5%	$355.6M-40.7%	$406.3M-11.3%	$314.8M+195.5%	$456.6M+335.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$118.6M-83.2%	$168.8M-75.7%	$170.6M-16.0%	$110.6M-83.6%	$705.3M-11.4%	$693.8M-17.7%	$203.0M-77.1%	$673.2M-25.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$11.2M-98.6%	$11.2M-98.6%	$11.2M0.0%	$11.2M-98.6%	$786.5M0.0%	$781.3M-0.8%	$11.2M-98.6%	$787.6M0.0%
Total Liabilities	$6.4B-25.9%	$6.3B-25.8%	$6.5B-24.5%	$6.4B-23.6%	$8.6B+0.9%	$8.5B-0.4%	$8.6B+43.6%	$8.4B-2.1%
Current Liabilities	$777.3M-45.0%	$730.0M-59.6%	$929.9M-49.2%	$879.7M-48.3%	$1.4B+29.0%	$1.8B+5.1%	$1.8B+8.7%	$1.7B+61.8%
Non-Current Liabilities	$5.6B-22.1%	$5.6B-16.7%	$5.5B-17.8%	$5.6B-17.3%	$7.2B-3.3%	$6.7B-1.8%	$6.7B+57.3%	$6.7B-11.0%
Long-Term Debt	$3.4B-22.4%	$3.4B-20.7%	$3.4B-2.0%	$3.4B-21.7%	$4.4B-13.2%	$4.3B-6.9%	$3.5B-24.0%	$4.4B-16.3%
Total Equity	$4.1B+13.1%	$4.1B+14.6%	$4.0B+13.0%	$3.9B+12.7%	$3.6B+4.4%	$3.6B+6.6%	$3.5B+5.9%	$3.5B+6.7%
Retained Earnings	$1.2B+55.7%	$1.2B+40.2%	$1.0B+34.8%	$964.3M+35.6%	$742.5M-1.7%	$827.5M+5.9%	$758.6M+2.7%	$710.9M+6.2%

Not reported in any period shown, so not listed: Inventory.

SWX Cash Flow Statement

SWX quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	$446.7M	$556.1M-59.0%	$1.4B+166.3%	$509.2M+25.0%	$407.5M+265.8%	$111.4M-82.2%	$626.1M+25.1%	$500.4M-5.4%	$528.9M+43.0%	$370.0M-38.4%	$600.5M+8.8%	$552.1M
Depreciation & Amortization	N/A	$330.7M+9.1%	$303.1M+2.6%	$295.5M-37.2%	$470.5M+26.8%	$371.0M+11.8%	$332.0M+9.5%	$303.2M+21.7%	$249.2M-0.7%	$251.0M-13.2%	$289.1M+7.0%	$270.1M
Stock-Based Compensation	N/A	$14.6M+28.7%	$11.4M+82.6%	$6.2M-34.1%	$9.4M+1.6%	$9.3M+30.6%	$7.1M+3.2%	$6.9M+12.8%	$6.1M-43.9%	$10.9M+99.6%	$5.5M+87.2%	$2.9M
Capital Expenditures	$974.5M	$807.9M-4.6%	$846.6M+10.5%	$765.9M-10.9%	$859.4M+20.1%	$715.6M-13.3%	$825.1M-12.0%	$938.1M+22.5%	$765.9M+22.8%	$623.6M+17.8%	$529.5M+8.5%	$488.0M
Free Cash Flow	-$527.8M	-$251.8M-149.4%	$509.2M+298.4%	-$256.7M+43.2%	-$452.0M+25.2%	-$604.2M-203.6%	-$199.0M+54.5%	-$437.8M-84.7%	-$237.1M+6.6%	-$253.7M-457.4%	$71.0M+10.8%	$64.1M
Investing Cash Flow	-$150.4M	-$24.8M+97.3%	-$921.6M-710.4%	$151.0M+118.0%	-$838.9M+72.4%	-$3.0B-278.5%	-$802.1M+15.7%	-$951.6M+4.8%	-$999.5M-42.6%	-$700.9M-33.4%	-$525.6M	N/A
Financing Cash Flow	-$381.0M	-$318.3M-80.5%	-$176.3M+74.8%	-$700.8M-296.6%	$356.5M-88.4%	$3.1B+1361.8%	$209.6M-49.5%	$415.3M-19.0%	$512.6M+48.1%	$346.2M+518.8%	-$82.7M	N/A
Dividends Paid	$180.9M	$178.5M+0.5%	$177.6M+1.7%	$174.6M+8.7%	$160.6M+16.2%	$138.2M+10.1%	$125.5M+8.1%	$116.1M+15.8%	$100.2M+8.8%	$92.1M+10.6%	$83.3M+12.2%	$74.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$146.1M+15.6%	$162.1M-44.3%	$81.6M-59.5%	$56.9M-81.3%	$126.3M-58.8%	$291.3M-46.4%	$201.4M-35.2%	$304.1M+63.3%
Depreciation & Amortization	$77.8M+12.9%	$99.6M+6.3%	$89.0M+8.0%	$79.1M+6.6%	$68.9M-28.2%	$93.7M-21.4%	$82.4M+340.4%	$74.2M-29.7%
Stock-Based Compensation	N/A	$4.5M-5.9%	N/A	N/A	N/A	$4.7M+394.2%	N/A	N/A
Capital Expenditures	$320.4M+60.8%	$208.7M+27.9%	$237.5M+17.1%	$207.9M+4.4%	$199.3M-10.7%	$163.1M-26.2%	$202.9M+100.3%	$199.2M-11.8%
Free Cash Flow	-$174.3M-138.9%	-$46.6M-136.4%	-$155.9M-10836.0%	-$151.0M-244.0%	-$73.0M-187.6%	$128.1M-60.3%	-$1.4M-100.7%	$104.8M+364.7%
Investing Cash Flow	-$318.0M-51.9%	-$203.6M-9.1%	-$240.0M-2.5%	$611.2M+333.8%	-$209.4M+7.4%	-$186.6M+6.6%	-$234.2M-13.7%	-$261.4M-4.4%
Financing Cash Flow	-$42.4M-231.9%	-$50.4M+18.9%	-$43.6M+26.9%	-$244.7M-31.8%	$32.1M-47.6%	-$62.1M-907.5%	-$59.6M+42.3%	-$185.7M-256.4%
Dividends Paid	$46.7M+4.7%	$44.8M+0.6%	$44.7M+0.7%	$44.7M+0.6%	$44.6M+0.4%	$44.5M+0.3%	$44.3M0.0%	$44.5M+0.3%

Not reported in any period shown, so not listed: Share Buybacks.

SWX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SWX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Gross Margin	N/A	N/A	51.8%+2.8pp	49.0%+2.1pp	46.9%-0.7pp	47.6%-2.0pp	49.6%-2.3pp	51.8%-3.1pp	54.9%-3.4pp	58.4%	N/A
Operating Margin	N/A	N/A	5.4%+5.9pp	-0.5%-10.5pp	10.0%-2.8pp	12.8%+0.9pp	11.9%-0.5pp	12.4%-1.0pp	13.5%+0.6pp	12.8%+0.6pp	12.2%
Net Margin	N/A	N/A	2.8%+6.9pp	-4.1%-9.6pp	5.5%-1.6pp	7.0%+0.2pp	6.9%+0.5pp	6.3%-1.3pp	7.6%+1.4pp	6.2%+0.3pp	5.9%
Return on Equity	11.1%+5.4pp	5.7%+1.1pp	4.6%+11.2pp	-6.7%-13.5pp	6.8%-1.9pp	8.7%+0.2pp	8.5%+0.5pp	8.1%-2.6pp	10.7%+1.5pp	9.1%+0.4pp	8.7%
Return on Assets	4.2%+2.6pp	1.7%0.0pp	1.6%+3.2pp	-1.5%-3.1pp	1.6%-1.1pp	2.7%0.0pp	2.6%+0.1pp	2.5%-0.6pp	3.1%+0.4pp	2.7%+0.1pp	2.6%
Current Ratio	1.28+0.5x	0.80-0.3x	1.120.0x	1.08+0.6x	0.52-0.4x	0.96+0.2x	0.80-0.1x	0.89+0.1x	0.810.0x	0.85	N/A
Debt-to-Equity	0.87-0.1x	1.00-0.4x	1.390.0x	1.440.0x	1.39+0.4x	1.02+0.1x	0.920.0x	0.94-0.1x	0.99+0.1x	0.93-1.4x	2.37
Asset Turnover	N/A	N/A	0.59+0.2x	0.38+0.1x	0.29-0.1x	0.380.0x	0.380.0x	0.390.0x	0.410.0x	0.440.0x	0.44
FCF Margin	N/A	N/A	-4.7%+4.4pp	-9.1%+7.3pp	-16.4%-10.4pp	-6.0%+8.0pp	-14.0%-5.8pp	-8.2%+1.7pp	-10.0%-12.8pp	2.9%+0.2pp	2.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	40.2%-1.1pp
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.9%-3.3pp
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.0%-0.3pp
Return on Equity	1.0%+2.1pp	3.4%+0.2pp	N/A	6.8%+6.7pp	-1.1%-1.6pp	3.2%+0.6pp	N/A	0.0%-0.1pp
Return on Assets	0.4%+0.7pp	1.3%+0.4pp	N/A	2.5%+2.5pp	-0.3%-0.5pp	0.9%+0.2pp	N/A	0.0%0.0pp
Current Ratio	1.12+0.1x	1.45+0.7x	1.28+0.5x	1.41+0.6x	1.01-0.6x	0.79-0.2x	0.80-0.3x	0.85-1.0x
Debt-to-Equity	0.83-0.4x	0.84-0.4x	0.87-0.1x	0.88-0.4x	1.21-0.2x	1.21-0.2x	1.00-0.4x	1.27-0.3x
Asset Turnover	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.090.0x
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	9.7%+13.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Southwest Gas Ho SWX	FY2025	N/A	$439.8M	N/A	$6.4B	—
One Gas Inc OGS	FY2025	N/A	$264.2M	N/A	$5.0B	—
New Jersey Res NJR	FY2025	$1.4B	$335.6M	24.8%	$5.4B	57/100
Spire Inc SR	FY2025	$2.5B	$271.7M	11.0%	$4.9B	43/100
Black Hills BKH	FY2025	$2.3B	$291.6M	12.6%	$5.6B	57/100
Ugi Corp UGI	FY2025	$7.3B	$678.0M	9.3%	$8.1B	42/100

Where Southwest Gas Ho Ranks

Frequently Asked Questions

Is Southwest Gas Ho profitable?

Yes, Southwest Gas Ho (SWX) reported a net income of $439.8M in fiscal year 2025.

What is Southwest Gas Ho's EBITDA?

Southwest Gas Ho (SWX) had EBITDA of $804.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Southwest Gas Ho have?

As of fiscal year 2025, Southwest Gas Ho (SWX) had $576.6M in cash and equivalents against $3.4B in long-term debt.

Does Southwest Gas Ho pay dividends?

Yes, Southwest Gas Ho (SWX) paid $2.48 per share in dividends during fiscal year 2025.

What is Southwest Gas Ho's return on equity (ROE)?

Southwest Gas Ho (SWX) has a return on equity of 11.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Southwest Gas Ho's free cash flow?

Southwest Gas Ho (SWX) recorded an outflow of $251.8M in free cash flow during fiscal year 2025. This represents a -149.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Southwest Gas Ho's operating cash flow?

Southwest Gas Ho (SWX) generated $556.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Southwest Gas Ho's total assets?

Southwest Gas Ho (SWX) had $10.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Southwest Gas Ho's capital expenditures?

Southwest Gas Ho (SWX) invested $807.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Southwest Gas Ho have outstanding?

Southwest Gas Ho (SWX) had 72M shares outstanding as of fiscal year 2025.

What is Southwest Gas Ho's current ratio?

Southwest Gas Ho (SWX) had a current ratio of 1.28 as of fiscal year 2025, which is considered adequate.

What is Southwest Gas Ho's debt-to-equity ratio?

Southwest Gas Ho (SWX) had a debt-to-equity ratio of 0.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Southwest Gas Ho's return on assets (ROA)?

Southwest Gas Ho (SWX) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Southwest Gas Ho's P/E ratio?

Southwest Gas Ho (SWX) trades at 14.5x earnings, its market capitalization divided by net income of $439.8M net income, FY2025. The market capitalization is $6.4B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Southwest Gas Ho's price-to-sales ratio?

Southwest Gas Ho (SWX) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $6.4B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Southwest Gas Ho's Piotroski F-Score?

Southwest Gas Ho (SWX) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Southwest Gas Ho's earnings high quality?

Southwest Gas Ho (SWX) has an earnings quality ratio of 1.26x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Southwest Gas Ho cover its interest payments?

Southwest Gas Ho (SWX) has an interest coverage ratio of 2.33x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.