Southwest Gas Holdings, Inc.
SWX- Exchange
- NYSE
- Industry
- Natural Gas Transmisison & Distribution
- SEC CIK
- 0001692115
In the last 90 days, Southwest Gas Holdings, Inc. insiders filed 0 open-market purchases and 1 sale; 412 institutions reported holding it in 13F filings for Q2 2026, worth $5.98B in total; Maverick Capital is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 10, 2026, 1:18 AM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 9, 2026 | Feb 26, 2025 | Feb 28, 2024 | Feb 28, 2023 | Mar 1, 2022 |
| Revenue | – | – | $5.43B | $4.96B | $3.68B |
| Cost of revenue | – | $2.42B | $2.62B | $2.53B | $1.96B |
| Operating income | $473.9M | $483.8M | $418.3M | -$24.4M | $369.5M |
| Interest expense | – | – | $292.3M | $242.8M | $119.2M |
| Income tax | $96.0M | $36.5M | $41.8M | -$75.7M | $39.6M |
| Net income | $439.8M | $198.8M | $150.9M | -$203.3M | $200.8M |
| EPS, basic | $6.09 | $2.77 | $2.13 | $-3.10 | $3.39 |
| EPS, diluted | $6.08 | $2.76 | $2.13 | $-3.10 | $3.39 |
| Weighted shares, basic | 72.2M | 71.8M | 70.8M | 65.6M | 59.1M |
| Weighted shares, diluted | 72.3M | 72.0M | 71.0M | 65.6M | 59.3M |
| Margins and growth | |||||
| Operating margin | – | – | 7.7% | -0.5% | 10.0% |
| Net margin | – | – | 2.8% | -4.1% | 5.5% |
| Revenue growth, year over year | – | – | +9.6% | +34.8% | +11.6% |
| Net income growth, year over year | +121.2% | +31.8% | – | −201.3% | −13.6% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 9, 2026 | Feb 26, 2025 | Feb 28, 2024 | Feb 28, 2023 | Mar 1, 2022 |
| Cash and equivalents | $576.6M | $363.8M | $106.5M | $123.1M | $222.7M |
| Accounts receivable | $170.6M | $722.6M | $886.5M | $866.2M | $707.1M |
| Total current assets | $1.19B | $1.46B | $1.88B | $3.71B | $1.61B |
| Goodwill | $11.2M | $781.2M | $789.7M | $787.3M | $1.78B |
| Total assets | $10.4B | $12.0B | $11.9B | $13.2B | $12.8B |
| Accounts payable | $225.7M | $331.8M | $346.9M | $662.1M | $353.4M |
| Short-term debt | $0 | $680.0M | $628.5M | $1.54B | $1.91B |
| Total current liabilities | $929.9M | $1.83B | $1.68B | $3.42B | $3.11B |
| Long-term debt | $3.43B | $4.35B | $4.61B | $4.40B | $4.12B |
| Shareholders' equity | $3.96B | $3.68B | $3.31B | $3.06B | $2.95B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 9, 2026 | Feb 26, 2025 | Feb 28, 2024 | Feb 28, 2023 | Mar 1, 2022 |
| Operating cash flow | $556.1M | $1.36B | $509.2M | $407.5M | $111.4M |
| Capital expenditures | $807.9M | $945.9M | $872.5M | $859.4M | $715.6M |
| Free cash flow | -$251.8M | $409.9M | -$363.3M | -$452.0M | -$604.2M |
| Depreciation and amortization | $330.7M | $438.4M | $440.9M | $470.5M | $371.0M |
| Stock-based compensation | $14.6M | $14.9M | $8.08M | $9.45M | $9.29M |
| Dividends paid | $178.5M | $177.8M | $174.6M | $160.6M | $138.2M |
| Investing cash flow | -$24.8M | -$921.6M | $151.0M | -$838.9M | -$3.04B |
| Financing cash flow | -$318.3M | -$176.3M | -$700.8M | $356.5M | $3.06B |
| Net change in cash | $212.9M | $257.3M | – | -$75.8M | $139.3M |
| Ratio | |||||
| Stock-based compensation, % of revenue | – | – | 0.1% | 0.2% | 0.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Jul 31, 2026 | 72.4M | +0.6% | SEC |
| May 1, 2026 | 72.4M | +0.6% | SEC |
| Feb 18, 2026 | 72.3M | +0.6% | SEC |
| Oct 31, 2025 | 72.2M | +0.6% | SEC |
| Jul 25, 2025 | 72.0M | +0.4% | SEC |
| Apr 25, 2025 | 71.9M | +0.3% | SEC |
| Feb 18, 2025 | 71.8M | +0.3% | SEC |
| Oct 25, 2024 | 71.7M | +0.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.