The interactive chart is unavailable. The financial history below remains available.
Loading stock chart…
Southwest Gas Holdings, Inc. (SWX)
Price & fundamentals
Compound Annual Growth Rate(CAGR)
Historical valuation multiples
Ratio observations in the selected window
| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
Profit margins
Calculation inputs, filings & unavailable observations
Yield, cash conversion & capital returns
Calculation inputs, filings & unavailable observations
Price & growth-based reference
Annual change in the selected reference metric
YEAR-OVER-YEAR
Annual metric change
Change from the previous reported fiscal year
Annual data and sources
Show annual tables and sources
Southwest Gas Holdings, Inc. (SWX) · NYSE · USD · Sector unavailable · SEC ID 0001692115
Annual coverage: 2015-12-31–2025-12-31 (11 periods). Data snapshot built 2026-10-09.
Tables include every stored fiscal period, even outside the selected chart range. Missing or unsupported values are marked “Unavailable,” not zero.
Earnings and per-share history
Annual EPS, cash flow and dividends
Per-share values are in USD; dividend yield is a percent.
Dividend-yield method and limitations
Revenue and debt per share
Revenue/share is annual revenue divided by average diluted shares. Debt/share is year-end borrowings divided by common shares; leases are excluded. Per-share values are in USD. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Calculation inputs & SEC filings |
|---|---|---|---|
| 2025-12-31 | Unavailable | 48.57 | Calculation inputs & SEC filings
Average diluted shares (2026-02-25) · Borrowings input 1 (2026-02-25) · Borrowings input 2 (2026-02-25) · Borrowings input 3 (2026-02-25) · Year-end common shares (2026-02-25) |
| 2024-12-31 | Unavailable | 58.29 | Calculation inputs & SEC filings
Average diluted shares (2026-02-25) · Borrowings input 1 (2026-02-25) · Borrowings input 2 (2026-02-25) · Borrowings input 3 (2026-02-25) · Year-end common shares (2026-02-25) |
| 2023-12-31 | 76.55 | 73.79 | Calculation inputs & SEC filings
Revenue (2024-02-28) · Average diluted shares (2026-02-25) · Borrowings input 1 (2025-02-26) · Borrowings input 2 (2025-02-26) · Borrowings input 3 (2025-02-26) · Year-end common shares (2025-02-26) |
| 2022-12-31 | 75.66 | 89.25 | Calculation inputs & SEC filings
Revenue (2024-02-28) · Average diluted shares (2025-02-26) · Borrowings input 1 (2024-02-28) · Borrowings input 2 (2024-02-28) · Borrowings input 3 (2024-02-28) · Year-end common shares (2024-02-28) |
| 2021-12-31 | 62.11 | 104.63 | Calculation inputs & SEC filings
Revenue (2024-02-28) · Average diluted shares (2024-02-28) · Borrowings input 1 (2023-02-28) · Borrowings input 2 (2023-02-28) · Borrowings input 3 (2023-02-28) · Year-end common shares (2023-02-28) |
| 2020-12-31 | 58.83 | 50.35 | Calculation inputs & SEC filings
Revenue (2023-02-28) · Average diluted shares (2023-02-28) · Borrowings input 1 (2022-03-01) · Borrowings input 2 (2022-03-01) · Borrowings input 3 (2022-03-01) · Year-end common shares (2022-03-01) |
| 2019-12-31 | 57.44 | 48.63 | Calculation inputs & SEC filings
Revenue (2022-03-01) · Average diluted shares (2022-03-01) · Borrowings input 1 (2021-02-25) · Borrowings input 2 (2021-02-25) · Borrowings input 3 (2021-02-25) · Year-end common shares (2021-02-25) |
| 2018-12-31 | 58.21 | 43.23 | Calculation inputs & SEC filings
Revenue (2021-02-25) · Average diluted shares (2021-02-25) · Borrowings input 1 (2020-03-02) · Borrowings input 2 (2020-03-02) · Borrowings input 3 (2020-03-02) · Year-end common shares (2020-03-02) |
| 2017-12-31 | 53.11 | 42.39 | Calculation inputs & SEC filings
Revenue (2020-03-02) · Average diluted shares (2020-03-02) · Borrowings input 1 (2019-02-28) · Borrowings input 2 (2019-02-28) · Borrowings input 3 (2019-02-28) · Year-end common shares (2019-02-28) |
| 2016-12-31 | 51.46 | Unavailable | Calculation inputs & SEC filings
Revenue (2019-02-28) · Average diluted shares (2019-02-28) · Year-end common shares (2018-02-28) |
| 2015-12-31 | 49.80 | Unavailable | Calculation inputs & SEC filings
|
Operating performance and returns
Revenue and profit margins
Operating margin is operating income divided by revenue; net margin is net income divided by revenue. Negative margins indicate a loss. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Calculation inputs & SEC filings |
|---|---|---|---|---|
| 2025-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
| 2024-12-31 | Unavailable | Unavailable | Unavailable | Calculation inputs & SEC filings
|
| 2023-12-31 | 5,433,972,000.00 | 5.39 | 2.86 | Calculation inputs & SEC filings
Revenue (2024-02-28) · Operating income (2026-02-25) · Net income (2026-02-25) |
| 2022-12-31 | 4,960,009,000.00 | -0.49 | -3.99 | Calculation inputs & SEC filings
Revenue (2024-02-28) · Operating income (2025-02-26) · Net income (2025-02-26) |
| 2021-12-31 | 3,680,451,000.00 | 10.04 | 5.63 | Calculation inputs & SEC filings
Revenue (2024-02-28) · Operating income (2024-02-28) · Net income (2024-02-28) |
| 2020-12-31 | 3,298,873,000.00 | 12.82 | 7.24 | Calculation inputs & SEC filings
Revenue (2023-02-28) · Operating income (2023-02-28) · Net income (2023-02-28) |
| 2019-12-31 | 3,119,917,000.00 | 11.92 | 6.94 | Calculation inputs & SEC filings
Revenue (2022-03-01) · Operating income (2022-03-01) · Net income (2022-03-01) |
| 2018-12-31 | 2,880,013,000.00 | 12.41 | 6.31 | Calculation inputs & SEC filings
Revenue (2021-02-25) · Operating income (2021-02-25) · Net income (2021-02-25) |
| 2017-12-31 | 2,548,792,000.00 | 13.46 | 7.61 | Calculation inputs & SEC filings
Revenue (2020-03-02) · Operating income (2020-03-02) · Net income (2020-03-02) |
| 2016-12-31 | 2,460,490,000.00 | 12.82 | 6.22 | Calculation inputs & SEC filings
Revenue (2019-02-28) · Operating income (2019-02-28) · Net income (2019-02-28) |
| 2015-12-31 | 2,359,509,000.00 | 12.22 | 5.91 | Calculation inputs & SEC filings
Revenue (2018-02-28) · Operating income (2018-02-28) · Net income (2018-02-28) |
Cash generation and capital returns
FCF margin is free cash flow as a share of revenue. FCF / net income compares free cash flow with positive net income. ROCE divides operating income by average capital employed and requires positive opening and closing balances. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Calculation inputs & SEC filings |
|---|---|---|---|---|
| 2025-12-31 | Unavailable | -57.86 | 4.80 | Calculation inputs & SEC filings
Operating cash flow (2026-02-25) · Capital expenditure (2026-02-25) · Operating cash flow (2026-02-25) · Capital expenditure (2026-02-25) · FCF / net income input 3 (2026-02-25) · Operating income (2026-02-25) · Total assets as of 2024-12-31 (2026-02-25) · Current liabilities as of 2024-12-31 (2026-02-25) · Total assets as of 2025-12-31 (2026-02-25) · Current liabilities as of 2025-12-31 (2026-02-25) |
| 2024-12-31 | Unavailable | 248.58 | Unavailable | Calculation inputs & SEC filings
Operating cash flow (2026-02-25) · Capital expenditure (2026-02-25) · Operating cash flow (2026-02-25) · Capital expenditure (2026-02-25) · FCF / net income input 3 (2026-02-25) · Operating income (2026-02-25) · Total assets as of 2023-12-31 (2026-02-25) · Current liabilities as of 2023-12-31 (2025-02-26) · Total assets as of 2024-12-31 (2026-02-25) · Current liabilities as of 2024-12-31 (2026-02-25) |
| 2023-12-31 | Unavailable | -165.04 | Unavailable | Calculation inputs & SEC filings
Operating cash flow (2026-02-25) · Capital expenditure (2026-02-25) · FCF margin input 3 (2024-02-28) · Operating cash flow (2026-02-25) · Capital expenditure (2026-02-25) · FCF / net income input 3 (2026-02-25) · Operating income (2026-02-25) · Total assets as of 2022-12-31 (2025-02-26) · Current liabilities as of 2022-12-31 (2024-02-28) · Total assets as of 2023-12-31 (2026-02-25) · Current liabilities as of 2023-12-31 (2025-02-26) |
| 2022-12-31 | -9.11 | Unavailable | -0.25 | Calculation inputs & SEC filings
Operating cash flow (2024-02-28) · Capital expenditure (2024-02-28) · FCF margin input 3 (2024-02-28) · Operating cash flow (2025-02-26) · Capital expenditure (2025-02-26) · FCF / net income input 3 (2025-02-26) · Operating income (2023-02-28) · Total assets as of 2021-12-31 (2023-02-28) · Current liabilities as of 2021-12-31 (2023-02-28) · Total assets as of 2022-12-31 (2023-02-28) · Current liabilities as of 2022-12-31 (2023-02-28) |
| 2021-12-31 | -16.42 | -291.62 | 4.23 | Calculation inputs & SEC filings
Operating cash flow (2024-02-28) · Capital expenditure (2024-02-28) · FCF margin input 3 (2024-02-28) · Operating cash flow (2024-02-28) · Capital expenditure (2024-02-28) · FCF / net income input 3 (2024-02-28) · Operating income (2022-03-01) · Total assets as of 2020-12-31 (2022-03-01) · Current liabilities as of 2020-12-31 (2022-03-01) · Total assets as of 2021-12-31 (2022-03-01) · Current liabilities as of 2021-12-31 (2022-03-01) |
| 2020-12-31 | -6.03 | -83.28 | 5.67 | Calculation inputs & SEC filings
Operating cash flow (2023-02-28) · Capital expenditure (2023-02-28) · FCF margin input 3 (2023-02-28) · Operating cash flow (2023-02-28) · Capital expenditure (2023-02-28) · FCF / net income input 3 (2023-02-28) · Operating income (2021-02-25) · Total assets as of 2019-12-31 (2021-02-25) · Current liabilities as of 2019-12-31 (2021-02-25) · Total assets as of 2020-12-31 (2021-02-25) · Current liabilities as of 2020-12-31 (2021-02-25) |
| 2019-12-31 | -14.03 | -202.07 | 5.50 | Calculation inputs & SEC filings
Operating cash flow (2022-03-01) · Capital expenditure (2022-03-01) · FCF margin input 3 (2022-03-01) · Operating cash flow (2022-03-01) · Capital expenditure (2022-03-01) · FCF / net income input 3 (2022-03-01) · Operating income (2020-03-02) · Total assets as of 2018-12-31 (2020-03-02) · Current liabilities as of 2018-12-31 (2020-03-02) · Total assets as of 2019-12-31 (2020-03-02) · Current liabilities as of 2019-12-31 (2020-03-02) |
| 2018-12-31 | -8.23 | -130.50 | 6.04 | Calculation inputs & SEC filings
Operating cash flow (2021-02-25) · Capital expenditure (2021-02-25) · FCF margin input 3 (2021-02-25) · Operating cash flow (2021-02-25) · Capital expenditure (2021-02-25) · FCF / net income input 3 (2021-02-25) · Operating income (2019-02-28) · Total assets as of 2017-12-31 (2019-02-28) · Current liabilities as of 2017-12-31 (2019-02-28) · Total assets as of 2018-12-31 (2019-02-28) · Current liabilities as of 2018-12-31 (2019-02-28) |
| 2017-12-31 | -9.95 | -130.81 | Unavailable | Calculation inputs & SEC filings
Operating cash flow (2020-03-02) · Capital expenditure (2020-03-02) · FCF margin input 3 (2020-03-02) · Operating cash flow (2020-03-02) · Capital expenditure (2020-03-02) · FCF / net income input 3 (2020-03-02) · Operating income (2020-03-02) · Total assets as of 2016-12-31 (2019-02-28) · Current liabilities as of 2016-12-31 (2018-02-28) · Total assets as of 2017-12-31 (2020-03-02) · Current liabilities as of 2017-12-31 (2019-02-28) |
| 2016-12-31 | 2.88 | 46.37 | Unavailable | Calculation inputs & SEC filings
Operating cash flow (2019-02-28) · Capital expenditure (2019-02-28) · FCF margin input 3 (2019-02-28) · Operating cash flow (2019-02-28) · Capital expenditure (2019-02-28) · FCF / net income input 3 (2019-02-28) · Operating income (2019-02-28) · Total assets as of 2015-12-31 (2018-02-28) · Total assets as of 2016-12-31 (2019-02-28) · Current liabilities as of 2016-12-31 (2018-02-28) |
| 2015-12-31 | 2.71 | 45.94 | Unavailable | Calculation inputs & SEC filings
FCF margin input 1 (2018-02-28) · Capital expenditure (2018-02-28) · FCF margin input 3 (2018-02-28) · FCF / net income input 1 (2018-02-28) · Capital expenditure (2018-02-28) · FCF / net income input 3 (2018-02-28) · Operating income (2018-02-28) · Total assets as of 2015-12-31 (2018-02-28) |
Valuation history
P/E ratio history
The P/E chart uses 1129 weekly price points (2005-02-25–2026-10-08); 511 have a basic or diluted P/E ratio. Annual EPS carries forward between fiscal year-ends.
Fiscal-year-end snapshots
10 fiscal-year-end periods with an eligible ratio (2015-12-31–2025-12-31). Most recent: diluted 13.28× and basic 13.26× (fiscal end 2025-12-31; price date 2025-12-26).
Annual P/E = fiscal-year-end closing price ÷ reported annual EPS. It is a historical annual ratio, not TTM or forward P/E. Zero or negative EPS and missing eligible prices produce no ratio. Why we use annual data.
Open the interactive P/E chart · How P/E history is calculated.
Show all annual P/E values (11 fiscal years)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 80.76 | Adjusted close | 13.26 | 13.28 | Basic EPS (2026-02-25) Diluted EPS (2026-02-25) |
| 2024-12-31 | 2024-12-27 | 70.35 | Adjusted close | 25.40 | 25.49 | Basic EPS (2026-02-25) Diluted EPS (2026-02-25) |
| 2023-12-31 | 2023-12-29 | 63.35 | Adjusted close | 29.74 | 29.74 | Basic EPS (2026-02-25) Diluted EPS (2026-02-25) |
| 2022-12-31 | 2022-12-30 | 61.88 | Adjusted close | Unavailable | Unavailable | Basic EPS (2025-02-26) Diluted EPS (2025-02-26) |
| 2021-12-31 | 2021-12-31 | 67.76 | Adjusted close | 19.99 | 19.99 | Basic EPS (2024-02-28) Diluted EPS (2024-02-28) |
| 2020-12-31 | 2020-12-31 | 56.78 | Adjusted close | 13.68 | 13.71 | Basic EPS (2023-02-28) Diluted EPS (2023-02-28) |
| 2019-12-31 | 2019-12-27 | 68.16 | Adjusted close | 17.30 | 17.30 | Basic EPS (2022-03-01) Diluted EPS (2022-03-01) |
| 2018-12-31 | 2018-12-28 | 66.57 | Adjusted close | 18.04 | 18.09 | Basic EPS (2021-02-25) Diluted EPS (2021-02-25) |
| 2017-12-31 | 2017-12-29 | 69.08 | Adjusted close | 17.10 | 17.10 | Basic EPS (2020-03-02) Diluted EPS (2020-03-02) |
| 2016-12-31 | 2016-12-30 | 64.22 | Adjusted close | 20.07 | 20.20 | Basic EPS (2019-02-28) Diluted EPS (2019-02-28) |
| 2015-12-31 | 2015-12-31 | 45.07 | Adjusted close | 15.33 | 15.43 | Basic EPS (2018-02-28) Diluted EPS (2018-02-28) |
Did this research save you time?
I build and maintain Stock Value Lens independently. If you found it useful, a coffee helps me maintain the tools and improve data updates.