SWX
$87.45+1.45%
Southwest Gas Holdings Inc. Common Stock (DE)Stock · UtilitiesRussell 2000 0.2%US Stock Market 0.008%Russell 3000 0.008%
SWX financial statements
The full income statement, balance sheet, and cash-flow statement for Southwest Gas Holdings Inc. Common Stock (DE) (SWX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 71.7M2024-09 71.7M2024-12 71.8M2025-03 71.9M2025-06 72.0M2025-09 72.2M2025-12 72.3M2026-03 72.4M2026-06 72.4M+1.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.94B-21.6% | 2.48B-2.3% | 2.53B-48.9% | 4.96B+34.8% | 3.68B+11.6% | |
| Cost of revenue | — | 2.42B-7.7% | 2.62B+3.5% | 2.53B+29.3% | 1.96B+13.1% | |
| Amortization of intangibles | — | 26.6M-0.4% | 26.7M-10.4% | 29.8M+72.3% | 17.3M+60.2% | |
| Provision for credit losses | 12.0M-3.6% | 12.4M+4.4% | 11.9M-6.5% | 12.7M+134.7% | 5.42M+15.4% | |
| Operating income | 474M+16.6% | 406M+38.7% | 293M+1300.8% | -24.4M-106.6% | 370M-12.6% | |
| Interest expense | — | 297M+1.6% | 292M+20.4% | 243M+103.7% | 119M+6.9% | |
| Other non-operating income | 60.1M+10.8% | 54.2M-23.9% | 71.2M+1251.1% | -6.19M-76.9% | -3.50M+48.5% | |
| Equity-method income | 0.00 | 0.00-100.0% | 394K | — | — | |
| Pre-tax income | 331M+30.2% | 254M+50.0% | 169M+162.0% | -273M-210.7% | 247M-19.0% | |
| Income tax | 96.0M+189.6% | 33.2M+12.7% | 29.4M+138.9% | -75.7M-290.8% | 39.6M-39.7% | |
| 440M+121.2% | 199M+31.8% | 151M+174.2% | -203M-201.3% | 201M-13.6% | ||
| Discontinued operations | 200M+1341.1% | -16.1M-204.0% | 15.5M | — | — | |
| Net income to non-controlling interest | -4.65M-177.2% | 6.02M+30.1% | 4.63M-17.4% | 5.61M-12.7% | 6.42M-3.6% | |
| $6.08+120.3% | $2.76+29.6% | $2.13+168.7% | -$3.10-191.4% | $3.39-18.1% | ||
| EPS (basic) | $6.09+119.9% | $2.77+30.0% | $2.13+168.7% | -$3.10-191.4% | $3.39-18.3% | |
| Weighted-avg shares (basic) | 72.2M+0.4% | 71.8M+1.5% | 70.8M+8.0% | 65.6M+10.8% | 59.1M+5.6% | |
| Weighted-avg shares (diluted) | 72.3M+0.4% | 72.0M+1.5% | 71.0M+8.3% | 65.6M+10.6% | 59.3M+5.7% | |
| Dividends per share | $2.48+0.0% | $2.48+0.0% | $2.48+0.0% | $2.48+4.2% | $2.38+8.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.19B-18.6% | 1.46B-22.2% | 1.88B-49.3% | 3.71B+129.6% | 1.61B+85.4% | ||
| Cash & equivalents | 577M+83.2% | 315M+195.5% | 107M-13.4% | 123M-44.7% | 223M+167.2% | |
| Accounts receivable | 171M-16.0% | 203M-77.1% | 887M+2.3% | 866M+22.5% | 707M+35.4% | |
| Prepaid expenses | 235M+66.4% | 141M-35.6% | 219M-49.6% | 434M+48.5% | 292M+71.7% | |
| 10.4B-13.6% | 12.1B+30.1% | 9.28B-29.7% | 13.2B+3.4% | 12.8B+46.1% | ||
| Goodwill | 11.2M+0.0% | 11.2M-98.6% | 790M+0.3% | 787M-55.8% | 1.78B+416.1% | |
| Deferred tax assets | — | 3.18M+586.0% | 463K+464.6% | 82.0K-32.2% | 121K-73.4% | |
| Other non-current assets | 357M-9.8% | 396M-4.4% | 414M+4.6% | 396M-13.6% | 459M-9.9% | |
| 930M-49.2% | 1.83B+8.7% | 1.68B-50.8% | 3.42B+10.0% | 3.11B+241.2% | ||
| Accounts payable | 226M+18.2% | 191M-45.0% | 347M-47.6% | 662M+87.4% | 353M+52.8% | |
| Deferred revenue | 67.2M+5.3% | 63.9M+31.8% | 48.5M-5.3% | 51.2M-13.7% | 59.3M-12.7% | |
| Short-term & current debt | 75.0M | 0.00-100.0% | 42.6M-4.5% | 44.6M-85.0% | 297M+635.3% | |
| Other current liabilities | 117M-1.7% | 119M-77.2% | 523M+41.4% | 370M-6.7% | 396M+20.4% | |
| Long-term debt | 3.43B-2.0% | 3.50B-24.0% | 4.61B+4.7% | 4.40B+7.0% | 4.12B+50.6% | |
| Other non-current liabilities | 2.11B-30.9% | 3.05B+41.0% | 2.16B+0.4% | 2.15B-9.8% | 2.39B+6.0% | |
| 3.96B+13.0% | 3.50B+5.9% | 3.31B+8.2% | 3.06B+3.6% | 2.95B+10.4% | ||
| Common stock | 73.9M+0.6% | 73.4M+0.3% | 73.2M+6.5% | 68.7M+10.8% | 62.1M+5.5% | |
| Additional paid-in capital | 2.90B+6.5% | 2.72B+7.1% | 2.54B+11.1% | 2.29B+25.4% | 1.82B+13.4% | |
| Retained earnings | 1.02B+34.8% | 759M+2.7% | 739M-1.1% | 747M-33.0% | 1.11B+4.3% | |
| Accumulated other comprehensive income | -34.5M+29.8% | -49.2M-12.4% | -43.8M+1.0% | -44.2M+5.4% | -46.8M+23.3% | |
| Non-controlling interest | 0.00-100.0% | 177M | 0.00 | — | — | |
| Total equity incl. non-controlling | 3.96B+7.6% | 3.68B+11.2% | 3.31B+8.2% | 3.06B+3.6% | 2.95B+10.4% | |
| Total liabilities & equity | 10.4B-13.6% | 12.1B+1.7% | 11.9B-10.1% | 13.2B+3.4% | 12.8B+46.1% | |
| Common shares issued | 72.2M+0.6% | 71.8M+0.3% | 71.6M+6.6% | 67.1M+11.1% | 60.4M+5.6% | |
| Common shares outstanding | 72.2M+0.6% | 71.8M+0.3% | 71.6M+6.6% | 67.1M+11.1% | 60.4M+5.6% | |
| Shares outstanding (cover) | 72.3M+0.6% | 71.8M+0.3% | 71.6M+6.6% | 67.1M+11.1% | 60.5M+5.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 556M-59.0% | 1.36B+166.3% | 509M+25.0% | 407M+265.8% | 111M-82.2% | ||
| Depreciation & amortization | 331M+9.1% | 303M+2.6% | 295M-37.2% | 470M+26.8% | 371M+11.8% | |
| Intangible amortization | — | 26.6M-0.4% | 26.7M-10.4% | 29.8M+72.3% | 17.3M+60.2% | |
| Share-based compensation | 14.6M+28.7% | 11.4M+82.6% | 6.23M-34.1% | 9.45M+1.6% | 9.29M+30.6% | |
| Deferred income taxes | 94.3M+201.2% | 31.3M+7.6% | 29.1M+132.0% | -90.9M-291.4% | 47.5M+2.9% | |
| Change in receivables | -32.4M+51.1% | -66.3M-272.6% | 38.4M-80.2% | 194M+275.9% | 51.6M+5.7% | |
| Change in payables | 13.2M+165.8% | -20.0M+92.2% | -256M-187.2% | 294M+482.9% | 50.4M+755.4% | |
| -24.8M+97.3% | -922M-710.4% | 151M+118.0% | -839M+72.4% | -3.04B-278.5% | ||
| Capital expenditure | 808M-4.6% | 847M+10.5% | 766M-10.9% | 859M+20.1% | 716M-13.3% | |
| Free cash flow | -252M-149.4% | 509M+298.4% | -257M+43.2% | -452M+25.2% | -604M-203.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 18.8M-99.2% | 2.35B | |
| Proceeds from sale of PP&E | 5.31M-75.2% | 21.4M | 0.00 | 0.00 | — | |
| Other investing activities | 955K-3.0% | 985K-47.9% | 1.89M+110.6% | -17.8M+2.4% | -18.3M-102.8% | |
| -318M-80.5% | -176M+74.8% | -701M-296.6% | 356M-88.4% | 3.06B+1361.8% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 848M-20.6% | 1.07B-35.7% | 1.66B+150.7% | |
| Long-term debt repaid | 0.00-100.0% | 629M+153.5% | 248M-50.3% | 500M+10.4% | 453M+27.0% | |
| Common stock issued | 19.7M+122.1% | 8.88M-96.5% | 252M-45.5% | 462M+116.2% | 214M+53.4% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 179M+0.5% | 178M+1.7% | 175M+8.7% | 161M+16.2% | 138M+10.1% | |
| Other financing activities | -4.68M-28.0% | -3.66M+3.0% | -3.77M+84.4% | -24.2M-3215.8% | -729K+78.6% | |
| FX effect on cash | — | -624K-328.6% | 273K+132.0% | -854K-633.8% | 160K-29.8% | |
| Net change in cash | 213M-17.3% | 257M+737.6% | -40.3M+46.8% | -75.8M-154.4% | 139M+312.1% | |
| Interest paid | 240M-13.9% | 279M-1.3% | 283M+28.6% | 220M+110.7% | 104M-0.8% | |
| Income taxes paid | 40.5M+308.8% | 9.90M+5.8% | 9.37M-22.0% | 12.0M+185.2% | 4.21M+138.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.78B+13.9% | 5.08B+12.1% | 4.53B+9.2% | 4.15B-2.0% | 4.23B+21.8% | |
| P/E | 13.1×-48.5% | 25.5× | — | 28.2×+33.6% | 21.1×+40.9% | |
| P/S | 3.0×+45.3% | 2.1×+148.5% | 0.8×-8.0% | 0.9×-22.0% | 1.2×+9.2% | |
| P/B | 1.5×+0.7% | 1.4×+3.6% | 1.4×+15.0% | 1.2×-15.2% | 1.4×+10.3% | |
| P/FCF | — | 10.0× | — | — | — | |
| Earnings yield | 7.6%+94.3% | 3.9% | — | 3.5%-25.2% | 4.7%-29.1% | |
| FCF yield | — | 10.0% | — | — | — | |
| Dividend yield | 3.1%-11.6% | 3.5%-10.4% | 3.9%-2.3% | 4.0%+18.0% | 3.4%-5.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
One company, more than one SEC registrant: these statements were filed by Southwest Gas Corp until Jan 3, 2017 and by Southwest Gas Holdings, Inc. since.
About this data
Source: SWX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SWX filings on SEC EDGAR → Not investment advice.