NYSE · NATURAL GAS TRANSMISISON & DISTRIBUTION · LARGE CAP
Southwest Gas Holdings, Inc. SWX
11 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$1.9B
▼ 21.6% vs FY2024
EPS · FY25
$6.08
Dividend / sh · FY25
$2.48
Payout · FY25
41%
ROE · FY25
11.8%
Net margin · FY25
22.7%
Dividend coverage
2.5×
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Result
USD 1.9B
Revenue, FY2025 · full 11-year series below
Revenue
Net income
23 cents of every revenue dollar became profit this year.
Per share
USD 6.08
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 2.5 times — the rest stayed in the company.
Profitability
11.8%
Return on equity, FY2025
ROE
Operating margin24.4%
Net margin22.7%
Return on assets3.9%
Each USD of equity produced 12 cents of profit this year.
Returned to shareholders
USD 178.5M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 178.5M
Net buybacks—
Share of profit40.6%
Consecutive raises—
USD 178.5M in dividends — 41% of the year's profit went back to shareholders.
Growth
−10.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−26.9%
−10.1%
−1.9%
Net income
+13.6%
+12.3%
EPS, diluted
+8.0%
+7.6%
Dividend / share
+0.0%
−74.5%
+4.4%
Returned to shareholders
+3.6%
+7.3%
+9.2%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.07B
Shares outstanding, FY2025
Change, 5 years+26.3%
Change, 10 years—
The share count grew 26% in five years — the same company, cut into more, smaller slices.
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Balance sheet
USD 10.4B
total assets, end of FY2025
Total assetsUSD 10.4B
EquityUSD 4.0B
CashUSD 576.6M
Gross debtUSD 3.5B
Net debtUSD 2.9B
Current ratio1.28×
Net debt stands at 74% of equity.
History
11 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue $B
1.9
2.5
2.5
5.0
3.7
3.3
1.4
1.3
1.3
1.3
2.4
Operating income $B
0.5
0.4
0.3
−0.0
0.4
0.4
0.4
0.4
0.3
0.3
0.3
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.1
0.0
0.0
−0.1
0.0
0.1
0.1
0.1
0.1
0.1
0.1
Net income $B
0.4
0.2
0.2
−0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.1
EPS, diluted $
6.08
2.76
2.13
−3.10
3.39
4.14
3.94
3.68
4.04
3.18
2.92
Dividend / sh $
2.48
2.48
2.48
2.48
2.38
2280.00
2180.00
2080.00
1980.00
1.80
1.62
Payout %
41
89
116
−79
69
54
54
55
48
55
54
ROE %
11.8
5.8
4.7
−6.8
7.1
9.0
9.0
9.0
11.1
9.1
·
Shares out B
0.07
0.07
0.07
0.07
0.06
0.06
0.06
0.05
0.05
0.05
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
31 of 31
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed