SOUTHWEST GAS HOLDINGS INC (SWX) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:SWX • US8448951025

83.26 USD
+0.27 (+0.33%)
At close: Feb 6, 2026
83.26 USD
0 (0%)
After Hours: 2/6/2026, 8:07:37 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall SWX gets a fundamental rating of 4 out of 10. We evaluated SWX against 14 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

  • 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.
  • In the past 5 years SWX always reported a positive cash flow from operatings.
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

  • The Return On Assets of SWX (4.49%) is better than 78.57% of its industry peers.
  • With a decent Return On Equity value of 11.81%, SWX is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • SWX's Return On Invested Capital of 4.42% is on the low side compared to the rest of the industry. SWX is outperformed by 71.43% 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 8.45%.
  • The 3 year average ROIC (3.49%) for SWX is below the current ROIC(4.42%), indicating increased profibility in the last year.
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

  • SWX's Profit Margin of 11.59% is fine compared to the rest of the industry. SWX outperforms 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of SWX has declined.
  • Looking at the Operating Margin, with a value of 12.83%, SWX is doing worse than 85.71% of the companies in the same industry.
  • SWX's Operating Margin has declined in the last couple of years.
  • SWX has a Gross Margin of 85.13%. This is amongst the best in the industry. SWX outperforms 92.86% of its industry peers.
  • 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

  • SWX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • SWX has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SWX has more shares outstanding
  • The debt/assets ratio for SWX has been reduced compared to a year ago.
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

  • Based on the Altman-Z score of 1.30, we must say that SWX is in the distress zone and has some risk of bankruptcy.
  • SWX has a better Altman-Z score (1.30) than 64.29% of its industry peers.
  • SWX has a Debt/Equity ratio of 0.89. This is a neutral value indicating SWX is somewhat dependend on debt financing.
  • SWX's Debt to Equity ratio of 0.89 is fine compared to the rest of the industry. SWX outperforms 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.89
Debt/FCF N/A
Altman-Z 1.3
ROIC/WACC0.65
WACC6.78%
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.
  • Looking at the Current ratio, with a value of 1.55, SWX belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • SWX has a Quick Ratio of 1.43. This is a normal value and indicates that SWX is financially healthy and should not expect problems in meeting 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

  • The Earnings Per Share has grown by an impressive 25.17% over the past year.
  • The Earnings Per Share has been decreasing by -4.36% on average over the past years.
  • SWX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -23.15%.
  • The Revenue has been growing by 10.38% on average over the past years. This is quite good.
EPS 1Y (TTM)25.17%
EPS 3Y-4.78%
EPS 5Y-4.36%
EPS Q2Q%-33.33%
Revenue 1Y (TTM)-23.15%
Revenue growth 3Y11.58%
Revenue growth 5Y10.38%
Sales Q2Q%-70.63%

3.2 Future

  • SWX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.21% yearly.
  • The Revenue is expected to decrease by -9.97% on average over the next years.
EPS Next Y16.03%
EPS Next 2Y15.05%
EPS Next 3Y16.1%
EPS Next 5Y15.21%
Revenue Next Year-30.6%
Revenue Next 2Y-33.63%
Revenue Next 3Y-22.76%
Revenue Next 5Y-9.97%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.94, which indicates a rather expensive current valuation of SWX.
  • Compared to the rest of the industry, the Price/Earnings ratio of SWX indicates a slightly more expensive valuation: SWX is more expensive than 78.57% of the companies listed in the same industry.
  • SWX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 19.90, which indicates a rather expensive current valuation of SWX.
  • 78.57% of the companies in the same industry are cheaper than SWX, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. SWX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 22.94
Fwd PE 19.9
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SWX is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.01
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.
  • SWX's earnings are expected to grow with 16.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.43
PEG (5Y)N/A
EPS Next 2Y15.05%
EPS Next 3Y16.1%

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 3.00%. Purely for dividend investing, there may be better candidates out there.
  • SWX's Dividend Yield is slightly below the industry average, which is at 3.69.
  • SWX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 3%

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.
  • The dividend of SWX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP38.44%
EPS Next 2Y15.05%
EPS Next 3Y16.1%
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 (2/6/2026, 8:07:37 PM)

After market: 83.26 0 (0%)

83.26

+0.27 (+0.33%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-05
Earnings (Next)02-24
Inst Owners86.21%
Inst Owner Change-1.7%
Ins Owners0.49%
Ins Owner Change0.94%
Market Cap6.01B
Revenue(TTM)4.00B
Net Income(TTM)463.92M
Analysts85
Price Target91.22 (9.56%)
Short Float %1.95%
Short Ratio2.84
Dividend
Industry RankSector Rank
Dividend Yield 3%
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)0%
PT rev (3m)6.89%
EPS NQ rev (1m)-3.54%
EPS NQ rev (3m)0.57%
EPS NY rev (1m)0.07%
EPS NY rev (3m)-0.54%
Revenue NQ rev (1m)-17.47%
Revenue NQ rev (3m)-27.68%
Revenue NY rev (1m)-11.67%
Revenue NY rev (3m)-20.09%
Valuation
Industry RankSector Rank
PE 22.94
Fwd PE 19.9
P/S 1.5
P/FCF N/A
P/OCF 8.89
P/B 1.53
P/tB 1.53
EV/EBITDA 10.01
EPS(TTM)3.63
EY4.36%
EPS(NY)4.18
Fwd EY5.02%
FCF(TTM)-1.81
FCFYN/A
OCF(TTM)9.36
OCFY11.25%
SpS55.47
BVpS54.43
TBVpS54.27
PEG (NY)1.43
PEG (5Y)N/A
Graham Number66.67
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 1.3
F-Score7
WACC6.78%
ROIC/WACC0.65
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)25.17%
EPS 3Y-4.78%
EPS 5Y-4.36%
EPS Q2Q%-33.33%
EPS Next Y16.03%
EPS Next 2Y15.05%
EPS Next 3Y16.1%
EPS Next 5Y15.21%
Revenue 1Y (TTM)-23.15%
Revenue growth 3Y11.58%
Revenue growth 5Y10.38%
Sales Q2Q%-70.63%
Revenue Next Year-30.6%
Revenue Next 2Y-33.63%
Revenue Next 3Y-22.76%
Revenue Next 5Y-9.97%
EBIT growth 1Y16.52%
EBIT growth 3Y9.39%
EBIT growth 5Y5.41%
EBIT Next Year91.82%
EBIT Next 3Y24.72%
EBIT Next 5Y21.45%
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%.