SWX

Southwest Gas Holdings, Inc. Energy Natural Gas Transmisison & Distribution Russell 3000
$93.08Close $6.7BMarket cap $76.58 – $93.1252-week range Nov 4, 2026Next report · before the open

Highlights

Strengths

  • Near its high at its 52-week high

Cautions

  • Not in an uptrend 5 of 8 trend conditions
  • Results soon Nov 4, 2026, in 3 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 5, 2026
Off 12-month high 0%
1wk up 2.1% price change
1mo up 14.2% price change
12-month return up 20% market up 11% · its own up 9%
F-score — — Not assessed
Altman Z″ 1.43 Moderate risk
P/E 15.3× price / earnings
PEG 0.13 P/E / EPS growth
P/B 1.7× price / book
Earnings yield up 4.9% EBIT / enterprise value
Cheaper than 53% of the market · around average
Revenue growth down 22% year on year
EPS growth — latest quarter
Sales growth — latest quarter
ROE up 12% return on equity
Free cash margin down 13% -$251.8M FCF
D/E 0.87 long-term debt / equity
Net debt / EBITDA 3.6×
Interest cover —EBIT / interest

Trade setup

ATR% 1.8% $1.70 a day · 2×ATR $89.69
RS 61 / 99 vs the universe
Trend 5 / 8 50-day under the 150/200-day, under 30% off the low, RS under 70
Relative volume 0.9× vs 50-day average
Up/down volume 0.86 50 sessions
Implied move — no option chain · report Nov 4, 2026
Trend template · 5 of 8
  • Price above the 150 and 200-day averages: passes
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes
  • 50-day average above the 150 and 200-day: fails
  • Price above the 50-day average: passes
  • At least 30% above the 52-week low: fails
  • Within 25% of the 52-week high: passes
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Accounts declared unreliable The company told the SEC that previously issued financial statements should no longer be relied upon. Every figure on this page that predates that filing is drawn from statements the company itself has withdrawn.
  • Revenue shrinking Revenue fell 21.6% over the year, from $2.5B to $1.9B.
Last reported Aug 5, 2026
Results reaction Aug 5, 2026+4% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $1.9B -22% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $1.3B FY2021 · $1.5B FY2022 · $5.0B FY2023 · $5.4B FY2024 · $2.5B FY2025 · $1.9B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $439.8M +121% on FY2024
-$250M $0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $232.3M FY2021 · $200.8M FY2022 · -$203.3M FY2023 · $150.9M FY2024 · $198.8M FY2025 · $439.8M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$251.8M down to a loss
-$1B $0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$199.0M FY2021 · -$604.2M FY2022 · -$452.0M FY2023 · -$256.7M FY2024 · $509.2M FY2025 · -$251.8M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross
  • Net 23%
  • Free cash -13%
-50% 0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross -29% · Net 17% · Free cash -15% FY2021 · Gross -31% · Net 13% · Free cash -40% FY2022 · Gross 49% · Net -4% · Free cash -9% FY2023 · Gross 52% · Net 3% · Free cash -5% FY2024 · Gross 2% · Net 8% · Free cash 21% FY2025 · Net 23% · Free cash -13%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $2.9B net debt
  • Cash
  • Long-term debt
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $83.4M · Long-term debt $2.7B FY2021 · Cash $222.7M · Long-term debt $4.1B FY2022 · Cash $123.1M · Long-term debt $4.4B FY2023 · Cash $106.5M · Long-term debt $4.6B FY2024 · Cash $314.8M · Long-term debt $3.5B FY2025 · Cash $576.6M · Long-term debt $3.4B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 72.22m +26.3% since FY2020
72.22m 57.19m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 57.19m FY2021 · 60.42m FY2022 · 67.12m FY2023 · 71.56m FY2024 · 71.78m FY2025 · 72.22m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $1.3B $1.5B $5.0B $5.4B $2.5B $1.9B
Gross margin -29% -31% 49% 52% 2% —
Operating income $423.0M $369.5M -$24.4M $293.0M $406.5M $473.9M
Net income $232.3M $200.8M -$203.3M $150.9M $198.8M $439.8M
Net margin 17% 13% -4% 3% 8% 23%
Earnings per share $4.14 $3.39 -$3.10 $2.13 $2.76 $6.08
Free cash flow -$199.0M -$604.2M -$452.0M -$256.7M $509.2M -$251.8M
Free cash margin -15% -40% -9% -5% 21% -13%
Cash $83.4M $222.7M $123.1M $106.5M $314.8M $576.6M
Long-term debt $2.7B $4.1B $4.4B $4.6B $3.5B $3.4B
Shareholders' equity $2.7B $3.0B $3.1B $3.3B $3.5B $4.0B
Shares outstanding 57.19m 60.42m 67.12m 71.56m 71.78m 72.22m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 5, 2026 Quarterly ↗ Jun 30, 2026 36d
May 5, 2026 Quarterly ↗ Mar 31, 2026 35d
Feb 25, 2026 Annual ↗ Dec 31, 2025 56d
Nov 5, 2025 Quarterly ↗ Sep 30, 2025 36d
Aug 6, 2025 Quarterly ↗ Jun 30, 2025 37d
May 12, 2025 Quarterly ↗ Mar 31, 2025 42d
Feb 26, 2025 Annual ↗ Dec 31, 2024 57d
Nov 6, 2024 Quarterly ↗ Sep 30, 2024 37d
Aug 6, 2024 Quarterly ↗ Jun 30, 2024 37d
May 8, 2024 Quarterly ↗ Mar 31, 2024 38d
Feb 28, 2024 Annual ↗ Dec 31, 2023 59d
Nov 8, 2023 Quarterly ↗ Sep 30, 2023 39d

Current reports