Southwest Gas Holdings financials
$82.24+0.45%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.94B | $2.48B | $2.53B | $4.96B | $3.68B | $3.30B | $3.12B | $2.88B | $2.55B | $2.46B |
| Gross profit | $1.44B | $1.33B | $1.28B | $1.63B | $1.29B | $1.23B | $1.16B | $1.07B | $1.04B | $1.04B |
| Gross margin | 74.4% | 53.5% | 50.6% | 32.9% | 35.2% | 37.2% | 37.2% | 37.3% | 41.0% | 42.2% |
| Operating income | $473.9M | $406.5M | $293.0M | -$24.4M | $369.5M | $423.0M | $371.8M | $357.4M | $343.1M | $315.5M |
| Net income | $439.8M | $198.8M | $150.9M | -$203.3M | $200.8M | $232.3M | $213.9M | $182.3M | $193.8M | $152.0M |
| Net margin | 22.7% | 8.0% | 6.0% | −4.1% | 5.5% | 7.0% | 6.9% | 6.3% | 7.6% | 6.2% |
| Diluted EPS | $6.08 | $2.76 | $2.13 | $-3.10 | $3.39 | $4.14 | $3.94 | $3.68 | $4.04 | $3.18 |
| EBITDA | $804.6M | $709.6M | $659.7M | $901.5M | $740.6M | $755.0M | $675.0M | $606.6M | $594.1M | $604.6M |
| Operating cash flow | $556.1M | $1.36B | $509.2M | $407.5M | $111.4M | $626.1M | $500.4M | $528.9M | $370.3M | $608.4M |
| Free cash flow | -$251.8M | $509.2M | -$256.7M | -$452.0M | -$604.2M | -$199.0M | -$437.8M | -$237.1M | -$253.4M | $78.9M |
| Diluted shares | 72.3M | 72.0M | 71.0M | 65.6M | 59.3M | 56.1M | 54.3M | 49.5M | 48.0M | 47.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $576.6M | $314.8M | $106.5M | $123.1M | $222.7M | $83.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $3.54B | $4.22B | $5.32B | $6.03B | $6.35B | $2.90B |
| Total assets | $10.43B | $12.07B | $11.87B | $13.20B | $12.77B | $8.74B |
| Total liabilities | $6.47B | $8.38B | $8.46B | $9.98B | $9.61B | $5.90B |
| Shareholders' equity | $3.96B | $3.68B | $3.31B | $3.06B | $2.95B | $2.67B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology