SOUTHWEST GAS HOLDINGS INC (SWX) Stock Fundamental Analysis

NYSE:SWX • US8448951025

88.5 USD
+0.33 (+0.37%)
At close: Mar 2, 2026
88.5 USD
0 (0%)
After Hours: 3/2/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, SWX scores 4 out of 10 in our fundamental rating. SWX was compared to 15 industry peers in the Gas Utilities industry. SWX has only an average score on both its financial health and profitability. SWX has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • SWX had positive earnings in the past year.
  • 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 2025 0 500M -500M 1B

1.2 Ratios

  • SWX has a better Return On Assets (4.22%) than 73.33% of its industry peers.
  • The Return On Equity of SWX (11.10%) is better than 66.67% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.09%, SWX is doing worse than 80.00% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for SWX is below the industry average of 6.13%.
  • The last Return On Invested Capital (4.09%) for SWX is above the 3 year average (3.18%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.22%
ROE 11.1%
ROIC 4.09%
ROA(3y)2.38%
ROA(5y)1.43%
ROE(3y)7.11%
ROE(5y)4.3%
ROIC(3y)3.18%
ROIC(5y)3.01%
SWX Yearly ROA, ROE, ROICSWX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

1.3 Margins

  • SWX has a Profit Margin of 13.68%. This is in the better half of the industry: SWX outperforms 73.33% of its industry peers.
  • SWX's Profit Margin has improved in the last couple of years.
  • SWX's Operating Margin of 15.29% is on the low side compared to the rest of the industry. SWX is outperformed by 73.33% of its industry peers.
  • SWX's Operating Margin has improved in the last couple of years.
  • SWX's Gross Margin of 84.52% is amongst the best of the industry. SWX outperforms 93.33% of its industry peers.
  • SWX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 15.29%
PM (TTM) 13.68%
GM 84.52%
OM growth 3Y41.12%
OM growth 5Y13.75%
PM growth 3YN/A
PM growth 5Y26.34%
GM growth 3Y-3.94%
GM growth 5Y-3.66%
SWX Yearly Profit, Operating, Gross MarginsSWX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • SWX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, SWX has more shares outstanding
  • Compared to 5 years ago, SWX has more shares outstanding
  • SWX has a better debt/assets ratio than last year.
SWX Yearly Shares OutstandingSWX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.22, we must say that SWX is in the distress zone and has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.22, SWX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • SWX has a Debt/Equity ratio of 0.87. This is a neutral value indicating SWX is somewhat dependend on debt financing.
  • SWX's Debt to Equity ratio of 0.87 is fine compared to the rest of the industry. SWX outperforms 73.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF N/A
Altman-Z 1.22
ROIC/WACC0.57
WACC7.23%
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 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 1.28 indicates that SWX should not have too much problems paying its short term obligations.
  • The Current ratio of SWX (1.28) is better than 100.00% of its industry peers.
  • A Quick Ratio of 1.18 indicates that SWX should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.18, SWX belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.28
Quick Ratio 1.18
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 2025 1B 2B 3B

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

2

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 13.92% over the past year.
  • Measured over the past years, SWX shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.36% on average per year.
  • The Revenue for SWX has decreased by -37.12% in the past year. This is quite bad
  • The Revenue has been decreasing by -4.52% on average over the past years.
EPS 1Y (TTM)13.92%
EPS 3Y-4.78%
EPS 5Y-4.36%
EPS Q2Q%-2.16%
Revenue 1Y (TTM)-37.12%
Revenue growth 3Y-12.39%
Revenue growth 5Y-4.52%
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 15.80% on average per year.
  • Based on estimates for the next years, SWX will show a very negative growth in Revenue. The Revenue will decrease by -10.16% on average per year.
EPS Next Y16.03%
EPS Next 2Y15.63%
EPS Next 3Y16.78%
EPS Next 5Y15.8%
Revenue Next Year-30.6%
Revenue Next 2Y-33.54%
Revenue Next 3Y-22.72%
Revenue Next 5Y-10.16%

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 24.58, the valuation of SWX can be described as rather expensive.
  • Based on the Price/Earnings ratio, SWX is valued expensively inside the industry as 86.67% of the companies are valued cheaper.
  • Compared to an average S&P500 Price/Earnings ratio of 27.13, SWX is valued at the same level.
  • A Price/Forward Earnings ratio of 20.95 indicates a rather expensive valuation of SWX.
  • SWX's Price/Forward Earnings ratio is rather expensive when compared to the industry. SWX is more expensive than 86.67% of the companies in the same industry.
  • SWX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.11.
Industry RankSector Rank
PE 24.58
Fwd PE 20.95
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as SWX.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.34
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

  • SWX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • SWX has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as SWX's earnings are expected to grow with 16.78% in the coming years.
PEG (NY)1.53
PEG (5Y)N/A
EPS Next 2Y15.63%
EPS Next 3Y16.78%

More info and screens

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

6

5. Dividend

5.1 Amount

  • SWX has a Yearly Dividend Yield of 2.81%.
  • SWX's Dividend Yield is slightly below the industry average, which is at 3.56.
  • Compared to an average S&P500 Dividend Yield of 1.82, SWX pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.81%

5.2 History

  • The dividend of SWX has a limited annual growth rate of 2.08%.
  • 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)2.08%
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

  • 40.59% of the earnings are spent on dividend by SWX. This is a bit on the high side, but may be sustainable.
  • The dividend of SWX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP40.59%
EPS Next 2Y15.63%
EPS Next 3Y16.78%
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 2025 0 200M -200M 400M -400M -600M
SWX Dividend Payout.SWX Dividend Payout, showing the Payout Ratio.SWX Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

SOUTHWEST GAS HOLDINGS INC

NYSE:SWX (3/2/2026, 8:04:00 PM)

After market: 88.5 0 (0%)

88.5

+0.33 (+0.37%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-25
Earnings (Next)05-11
Inst Owners86.21%
Inst Owner Change-1.68%
Ins Owners0.49%
Ins Owner Change11.33%
Market Cap6.40B
Revenue(TTM)3.21B
Net Income(TTM)439.83M
Analysts88.33
Price Target94.28 (6.53%)
Short Float %1.55%
Short Ratio1.71
Dividend
Industry RankSector Rank
Dividend Yield 2.81%
Yearly Dividend2.48
Dividend Growth(5Y)2.08%
DP40.59%
Div Incr Years0
Div Non Decr Years32
Ex-Date02-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.89%
Min EPS beat(2)0.55%
Max EPS beat(2)21.24%
EPS beat(4)4
Avg EPS beat(4)12.76%
Min EPS beat(4)0.55%
Max EPS beat(4)21.24%
EPS beat(8)5
Avg EPS beat(8)-2.33%
EPS beat(12)9
Avg EPS beat(12)22.52%
EPS beat(16)9
Avg EPS beat(16)2.86%
Revenue beat(2)0
Avg Revenue beat(2)-55.34%
Min Revenue beat(2)-66.15%
Max Revenue beat(2)-44.54%
Revenue beat(4)0
Avg Revenue beat(4)-32.54%
Min Revenue beat(4)-66.15%
Max Revenue beat(4)-5.29%
Revenue beat(8)1
Avg Revenue beat(8)-23.15%
Revenue beat(12)5
Avg Revenue beat(12)-11.57%
Revenue beat(16)9
Avg Revenue beat(16)-6.09%
PT rev (1m)3.35%
PT rev (3m)8.38%
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 24.58
Fwd PE 20.95
P/S 1.99
P/FCF N/A
P/OCF 11.5
P/B 1.61
P/tB 1.62
EV/EBITDA 11.34
EPS(TTM)3.6
EY4.07%
EPS(NY)4.22
Fwd EY4.77%
FCF(TTM)-3.48
FCFYN/A
OCF(TTM)7.69
OCFY8.69%
SpS44.48
BVpS54.81
TBVpS54.66
PEG (NY)1.53
PEG (5Y)N/A
Graham Number66.63
Profitability
Industry RankSector Rank
ROA 4.22%
ROE 11.1%
ROCE 5.17%
ROIC 4.09%
ROICexc 4.35%
ROICexgc 4.36%
OM 15.29%
PM (TTM) 13.68%
GM 84.52%
FCFM N/A
ROA(3y)2.38%
ROA(5y)1.43%
ROE(3y)7.11%
ROE(5y)4.3%
ROIC(3y)3.18%
ROIC(5y)3.01%
ROICexc(3y)3.31%
ROICexc(5y)3.11%
ROICexgc(3y)3.45%
ROICexgc(5y)3.39%
ROCE(3y)4.18%
ROCE(5y)4.15%
ROICexgc growth 3Y7.29%
ROICexgc growth 5Y-1.95%
ROICexc growth 3Y11.31%
ROICexc growth 5Y-0.69%
OM growth 3Y41.12%
OM growth 5Y13.75%
PM growth 3YN/A
PM growth 5Y26.34%
GM growth 3Y-3.94%
GM growth 5Y-3.66%
F-Score6
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF N/A
Debt/EBITDA 4.18
Cap/Depr 244.27%
Cap/Sales 25.13%
Interest Coverage 2.05
Cash Conversion 67.63%
Profit Quality N/A
Current Ratio 1.28
Quick Ratio 1.18
Altman-Z 1.22
F-Score6
WACC7.23%
ROIC/WACC0.57
Cap/Depr(3y)219.3%
Cap/Depr(5y)206.69%
Cap/Sales(3y)38.09%
Cap/Sales(5y)30.21%
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 Y16.03%
EPS Next 2Y15.63%
EPS Next 3Y16.78%
EPS Next 5Y15.8%
Revenue 1Y (TTM)-37.12%
Revenue growth 3Y-12.39%
Revenue growth 5Y-4.52%
Sales Q2Q%-62.15%
Revenue Next Year-30.6%
Revenue Next 2Y-33.54%
Revenue Next 3Y-22.72%
Revenue Next 5Y-10.16%
EBIT growth 1Y1.61%
EBIT growth 3Y3.21%
EBIT growth 5Y2.3%
EBIT Next Year75.31%
EBIT Next 3Y39.57%
EBIT Next 5Y26.63%
FCF growth 1Y-161.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-58.98%
OCF growth 3Y13.17%
OCF growth 5Y-2.34%

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 6 / 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 6 / 10 and the dividend payout ratio is 40.59%.