Southwest Gas Holdings Inc
Research Southwest Gas Holdings Inc (SWX) on Bullrun: market cap USD 6.45B, P/E 12.4, dividend yield 2.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSWX
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Gas
- CurrencyUSD
- Market capUSD 6.45B
- P/E12.4
- Dividend yield2.8%
- Financial periodQ2 2026
- RevenueUSD 358.15M
- Net incomeUSD 42.12M
- Free cash flow-USD 174.31M
- Gross margin51.9%
Valuation Snapshot
latest market cap is USD 6.45B; P/E is 12.4; dividend yield is 2.8%.
Peer valuation comparison
Latest P/E is 12.43x versus a Utilities sector median of 17.14x (27.4% below).
Latest dividend yield is 2.83% versus a Utilities sector median of 3.61% (21.6% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 3.21B | USD 439.83M | -USD 251.79M | 30.6% | 6.08 | USD 576.65M | USD 3.51B | USD 3.96B |
| FY2024 | USD 4.39B | USD 198.82M | USD 509.19M | 21.3% | 2.76 | USD 314.77M | USD 3.50B | USD 3.50B |
| FY2023 | USD 5.43B | USD 150.89M | -USD 256.66M | 51.8% | 2.13 | USD 106.54M | USD 4.65B | USD 3.31B |
| FY2022 | USD 4.96B | -USD 203.29M | -USD 451.96M | 49.0% | -3.1 | USD 123.08M | USD 4.45B | USD 3.06B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 6.45B | 12.4 | 2.8% | 2.53 |
| 2025 | 2025-12-31 | USD 5.78B | 13.2 | 3.1% | 2.48 |
| 2024 | 2024-12-31 | USD 5.08B | 25.6 | 3.5% | 2.48 |
| 2023 | 2023-12-29 | USD 4.53B | n/a | 3.9% | 2.48 |
| 2022 | 2022-12-30 | USD 4.15B | 25.3 | 4.0% | 2.46 |
| 2021 | 2021-12-31 | USD 4.23B | 20.5 | 3.4% | 2.37 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 2.53 USD, yield 2.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 2.48 USD |
| FY2024 | 2.48 USD |
| FY2023 | 2.48 USD |
| FY2022 | 2.48 USD |
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.
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Frequently asked questions
What is Southwest Gas Holdings Inc's market cap?
Southwest Gas Holdings Inc's market capitalization is USD 6.45B.
What is Southwest Gas Holdings Inc's P/E ratio?
Southwest Gas Holdings Inc's price-to-earnings (P/E) ratio is 12.4.
Does Southwest Gas Holdings Inc pay a dividend?
Southwest Gas Holdings Inc has a dividend yield of 2.8%.
What does Southwest Gas Holdings Inc do?
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.