SOUTHWEST GAS HOLDINGS INC (SWX) Stock Fundamental Analysis

NYSE:SWX • US8448951025

88.17 USD
-0.24 (-0.27%)
At close: Feb 27, 2026
88.17 USD
0 (0%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

SWX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 15 industry peers in the Gas Utilities industry. SWX has only an average score on both its financial health and profitability. While showing a medium growth rate, SWX is valued expensive at the moment. Finally SWX also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year SWX was profitable.
  • In the past year SWX had a positive cash flow from operations.
  • SWX had positive earnings in 4 of the past 5 years.
  • SWX had a positive operating cash flow in each of the past 5 years.
SWX Yearly Net Income VS EBIT VS OCF VS FCFSWX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

1.2 Ratios

  • With a decent Return On Assets value of 4.49%, SWX is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • The Return On Equity of SWX (11.81%) is better than 66.67% of its industry peers.
  • The Return On Invested Capital of SWX (4.42%) is worse than 66.67% of its industry peers.
  • SWX had an Average Return On Invested Capital over the past 3 years of 3.49%. This is below the industry average of 6.15%.
  • The last Return On Invested Capital (4.42%) for SWX is above the 3 year average (3.49%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.49%
ROE 11.81%
ROIC 4.42%
ROA(3y)0.46%
ROA(5y)1.12%
ROE(3y)1.2%
ROE(5y)3.81%
ROIC(3y)3.49%
ROIC(5y)3.49%
SWX Yearly ROA, ROE, ROICSWX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • The Profit Margin of SWX (11.59%) is better than 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of SWX has declined.
  • The Operating Margin of SWX (12.83%) is worse than 86.67% of its industry peers.
  • SWX's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 85.13%, SWX belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
  • SWX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 12.83%
PM (TTM) 11.59%
GM 85.13%
OM growth 3Y-1.96%
OM growth 5Y-4.51%
PM growth 3Y-10.67%
PM growth 5Y-10.72%
GM growth 3Y-4.25%
GM growth 5Y-2.43%
SWX Yearly Profit, Operating, Gross MarginsSWX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SWX is destroying value.
  • SWX has more shares outstanding than it did 1 year ago.
  • SWX has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, SWX has an improved debt to assets ratio.
SWX Yearly Shares OutstandingSWX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
SWX Yearly Total Debt VS Total AssetsSWX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • SWX has an Altman-Z score of 1.34. This is a bad value and indicates that SWX is not financially healthy and even has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.34, SWX is doing good in the industry, outperforming 73.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.89 indicates that SWX is somewhat dependend on debt financing.
  • SWX has a better Debt to Equity ratio (0.89) than 73.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF N/A
Altman-Z 1.34
ROIC/WACC0.66
WACC6.71%
SWX Yearly LT Debt VS Equity VS FCFSWX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

  • SWX has a Current Ratio of 1.55. This is a normal value and indicates that SWX is financially healthy and should not expect problems in meeting its short term obligations.
  • SWX has a Current ratio of 1.55. This is amongst the best in the industry. SWX outperforms 100.00% of its industry peers.
  • A Quick Ratio of 1.43 indicates that SWX should not have too much problems paying its short term obligations.
  • The Quick ratio of SWX (1.43) is better than 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.55
Quick Ratio 1.43
SWX Yearly Current Assets VS Current LiabilitesSWX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • SWX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.92%, which is quite good.
  • The Earnings Per Share has been decreasing by -4.36% on average over the past years.
  • Looking at the last year, SWX shows a decrease in Revenue. The Revenue has decreased by -5.92% in the last year.
  • The Revenue has been growing by 10.38% on average over the past years. This is quite good.
EPS 1Y (TTM)13.92%
EPS 3Y-4.78%
EPS 5Y-4.36%
EPS Q2Q%-2.16%
Revenue 1Y (TTM)-5.92%
Revenue growth 3Y11.58%
Revenue growth 5Y10.38%
Sales Q2Q%-62.15%

3.2 Future

  • Based on estimates for the next years, SWX will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.45% on average per year.
  • SWX is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -10.04% yearly.
EPS Next Y15.95%
EPS Next 2Y15.31%
EPS Next 3Y16.24%
EPS Next 5Y14.45%
Revenue Next Year-30.6%
Revenue Next 2Y-33.54%
Revenue Next 3Y-22.72%
Revenue Next 5Y-10.04%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SWX Yearly Revenue VS EstimatesSWX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B 5B
SWX Yearly EPS VS EstimatesSWX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 24.49, the valuation of SWX can be described as rather expensive.
  • Based on the Price/Earnings ratio, SWX is valued more expensive than 86.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.10, SWX is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 20.98, the valuation of SWX can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, SWX is valued expensively inside the industry as 86.67% of the companies are valued cheaper.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. SWX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 24.49
Fwd PE 20.98
SWX Price Earnings VS Forward Price EarningsSWX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • SWX's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.45
SWX Per share dataSWX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as SWX's earnings are expected to grow with 16.24% in the coming years.
PEG (NY)1.54
PEG (5Y)N/A
EPS Next 2Y15.31%
EPS Next 3Y16.24%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • SWX has a Yearly Dividend Yield of 2.85%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.63, SWX is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.80, SWX pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.85%

5.2 History

  • The dividend of SWX has a limited annual growth rate of 2.90%.
  • SWX has paid a dividend for at least 10 years, which is a reliable track record.
  • SWX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.9%
Div Incr Years0
Div Non Decr Years32
SWX Yearly Dividends per shareSWX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • SWX pays out 38.44% of its income as dividend. This is a sustainable payout ratio.
  • SWX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP38.44%
EPS Next 2Y15.31%
EPS Next 3Y16.24%
SWX Yearly Income VS Free CF VS DividendSWX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M -600M
SWX Dividend Payout.SWX Dividend Payout, showing the Payout Ratio.SWX Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

SOUTHWEST GAS HOLDINGS INC

NYSE:SWX (2/27/2026, 8:04:00 PM)

After market: 88.17 0 (0%)

88.17

-0.24 (-0.27%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-25
Earnings (Next)05-11
Inst Owners86.21%
Inst Owner Change-1.69%
Ins Owners0.49%
Ins Owner Change0.94%
Market Cap6.36B
Revenue(TTM)5.11B
Net Income(TTM)463.92M
Analysts88.33
Price Target94.28 (6.93%)
Short Float %1.55%
Short Ratio1.71
Dividend
Industry RankSector Rank
Dividend Yield 2.85%
Yearly Dividend2.48
Dividend Growth(5Y)2.9%
DP38.44%
Div Incr Years0
Div Non Decr Years32
Ex-Date02-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.82%
Min EPS beat(2)20.4%
Max EPS beat(2)21.24%
EPS beat(4)4
Avg EPS beat(4)15.71%
Min EPS beat(4)8.85%
Max EPS beat(4)21.24%
EPS beat(8)5
Avg EPS beat(8)-2.39%
EPS beat(12)8
Avg EPS beat(12)20.19%
EPS beat(16)8
Avg EPS beat(16)1.11%
Revenue beat(2)0
Avg Revenue beat(2)-35.72%
Min Revenue beat(2)-66.15%
Max Revenue beat(2)-5.29%
Revenue beat(4)0
Avg Revenue beat(4)-23.06%
Min Revenue beat(4)-66.15%
Max Revenue beat(4)-5.29%
Revenue beat(8)2
Avg Revenue beat(8)-17.01%
Revenue beat(12)6
Avg Revenue beat(12)-6.38%
Revenue beat(16)10
Avg Revenue beat(16)-2.93%
PT rev (1m)2.56%
PT rev (3m)7.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.69%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)-0.64%
Revenue NQ rev (1m)-0.46%
Revenue NQ rev (3m)-17.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-18.52%
Valuation
Industry RankSector Rank
PE 24.49
Fwd PE 20.98
P/S 1.59
P/FCF N/A
P/OCF 9.42
P/B 1.62
P/tB 1.62
EV/EBITDA 10.45
EPS(TTM)3.6
EY4.08%
EPS(NY)4.2
Fwd EY4.77%
FCF(TTM)-1.81
FCFYN/A
OCF(TTM)9.36
OCFY10.62%
SpS55.47
BVpS54.43
TBVpS54.27
PEG (NY)1.54
PEG (5Y)N/A
Graham Number66.4
Profitability
Industry RankSector Rank
ROA 4.49%
ROE 11.81%
ROCE 5.4%
ROIC 4.42%
ROICexc 4.81%
ROICexgc 4.82%
OM 12.83%
PM (TTM) 11.59%
GM 85.13%
FCFM N/A
ROA(3y)0.46%
ROA(5y)1.12%
ROE(3y)1.2%
ROE(5y)3.81%
ROIC(3y)3.49%
ROIC(5y)3.49%
ROICexc(3y)3.55%
ROICexc(5y)3.57%
ROICexgc(3y)3.98%
ROICexgc(5y)4.01%
ROCE(3y)4.65%
ROCE(5y)4.64%
ROICexgc growth 3Y8.4%
ROICexgc growth 5Y-1.3%
ROICexc growth 3Y12.21%
ROICexc growth 5Y-2.13%
OM growth 3Y-1.96%
OM growth 5Y-4.51%
PM growth 3Y-10.67%
PM growth 5Y-10.72%
GM growth 3Y-4.25%
GM growth 5Y-2.43%
F-Score7
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF N/A
Debt/EBITDA 4.02
Cap/Depr 225.54%
Cap/Sales 20.14%
Interest Coverage 1.93
Cash Conversion 77.57%
Profit Quality N/A
Current Ratio 1.55
Quick Ratio 1.43
Altman-Z 1.34
F-Score7
WACC6.71%
ROIC/WACC0.66
Cap/Depr(3y)198.77%
Cap/Depr(5y)207.54%
Cap/Sales(3y)17.3%
Cap/Sales(5y)19.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.92%
EPS 3Y-4.78%
EPS 5Y-4.36%
EPS Q2Q%-2.16%
EPS Next Y15.95%
EPS Next 2Y15.31%
EPS Next 3Y16.24%
EPS Next 5Y14.45%
Revenue 1Y (TTM)-5.92%
Revenue growth 3Y11.58%
Revenue growth 5Y10.38%
Sales Q2Q%-62.15%
Revenue Next Year-30.6%
Revenue Next 2Y-33.54%
Revenue Next 3Y-22.72%
Revenue Next 5Y-10.04%
EBIT growth 1Y16.52%
EBIT growth 3Y9.39%
EBIT growth 5Y5.41%
EBIT Next Year91.82%
EBIT Next 3Y23.9%
EBIT Next 5Y20.98%
FCF growth 1Y78.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y123.43%
OCF growth 3Y130.03%
OCF growth 5Y22.06%

SOUTHWEST GAS HOLDINGS INC / SWX FAQ

What is the ChartMill fundamental rating of SOUTHWEST GAS HOLDINGS INC (SWX) stock?

ChartMill assigns a fundamental rating of 4 / 10 to SWX.


What is the valuation status for SWX stock?

ChartMill assigns a valuation rating of 2 / 10 to SOUTHWEST GAS HOLDINGS INC (SWX). This can be considered as Overvalued.


What is the profitability of SWX stock?

SOUTHWEST GAS HOLDINGS INC (SWX) has a profitability rating of 5 / 10.


What is the financial health of SOUTHWEST GAS HOLDINGS INC (SWX) stock?

The financial health rating of SOUTHWEST GAS HOLDINGS INC (SWX) is 4 / 10.


Is the dividend of SOUTHWEST GAS HOLDINGS INC sustainable?

The dividend rating of SOUTHWEST GAS HOLDINGS INC (SWX) is 7 / 10 and the dividend payout ratio is 38.44%.