profit from every $100 of sales.
$0$100
Southwest Gas Holdings
$92.67+0.67% today
+14.4% in 1 year
1-year low $79.021-year high $94.05
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $15.27 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Southwest Gas Holdings sold, what it kept, and what it did with the cash.
Sales went from $4.96 billion in 2022 to $1.94 billion in 2025, with $440 million of profit last year.
SalesProfit
Southwest Gas Holdings vs. similar companies
Southwest Gas Holdings grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Southwest Gas Holdings | 15.3× · Fair price | ||
 Atmos Energy | 24.8× · Fair price | ||
 NiSource | 23.5× · Fair price | ||
 ONE Gas | 19.6× · Fair price | ||
 Centuri Holdings | 102.2× · Very expensive |
AI analysis
An AI analyst reads Southwest Gas Holdings's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 4,960 | 2,535 | 2,475 | 1,940 | |
| 995 | 748 | 799 | 899 | |
| 431 | 364 | 406 | 482 | |
| 440 | 660 | 764 | 865 | |
| -203 | 151 | 199 | 440 | |
| -3.10 | 2.13 | 2.76 | 6.08 | |
| 20.1% | 29.5% | 32.3% | 46.3% | |
| 8.7% | 14.4% | 16.4% | 24.8% | |
| -4.1% | 6.0% | 8.0% | 22.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 13,197 | 11,870 | 12,073 | 10,429 |
| Cash | 123 | 107 | 315 | 577 |
| Total debt | 5,991 | 5,281 | 4,184 | 3,508 |
| Total liabilities | 9,979 | 8,455 | 8,384 | 6,468 |
| 3,059 | 3,310 | 3,504 | 3,961 | |
| 66 | 71 | 72 | 72 | |
| -0.3% | 3.3% | 4.7% | 5.6% | |
| -6.6% | 4.6% | 5.7% | 11.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 407 | 509 | 1,356 | 556 | |
| 859 | 766 | 847 | 808 | |
| -452 | -257 | 509 | -252 | |
| Dividends paid | 161 | 175 | 178 | 179 |
| – | – | – | – | |
| 9 | 6 | 11 | 15 |
Valuation
- 15.3×
- 21.7×
- –
- 1.5×
- 3.5×
- –
- 11.2×
- -3.7%
- 6.5%
- 2.9%
Profitability
- 46.3%
- 24.8%
- 22.7%
- 37.7%
- 2.9%
- 2.0%
- 11.9%
- 4.5%
- 5.3%
- –
Growth
- −26.9%
- –
- −161.4%
- +1.9%
- +5.1%
Financial health
- 3.2×
- 0.86
- 33.7%
- 2.4×
- 1.45
- 1.32
- 0.24
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 15%of 399
Top 31%of 394
Top 45%of 364
Bottom 1%of 399
Bottom 28%of 398
What analysts expect
- Average price target
- $96.00
- Range
- $96.00 – $96.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 1.91 | 1.88 | +1.6% |
| Feb 25, 2026 | 1.36 | 1.40 | −2.9% |
| Nov 5, 2025 | 0.06 | 0.09 | −33.3% |
| Aug 6, 2025 | 0.53 | 0.42 | +26.2% |
| May 12, 2025 | 1.65 | 1.46 | +13.0% |
| Feb 26, 2025 | 1.39 | 1.21 | +14.9% |
| Nov 6, 2024 | 0.09 | 0.07 | +28.6% |
| Aug 6, 2024 | 0.31 | 0.48 | −35.4% |
2.9%of the share price, paid each year
On $1,000 invested$29a year at today's yield, before tax
+1.9%2020 to 2025
Raised–not every year
Paid per share, each year
$1.58 in 2015 → $2.48 in 2025
How safe it looks
40.6% of its profit
Room to growStretchedMore than it earns: -70.9%
News
Southwest Gas Q3 Earnings PreviewSeeking Alpha · Nov 3, 2026Southwest to debut airport lounges in four cities, with more to comeCNBC · Sep 2, 2026Southwest Airlines (LUV) is Reshaping Operations to Unlock Margin GrowthYahoo Finance · Aug 25, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
29No pass
Benjamin Graham
55No pass
Philip Fisher
48No pass
Peter Lynch
51No pass
Joel Greenblatt
30No pass
Charlie Munger
34No pass
Terry Smith
26No pass
Questions about Southwest Gas Holdings
Is Southwest Gas Holdings a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Southwest Gas Holdings AI analysis
What does Southwest Gas Holdings do?
Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It is in Regulated Gas, based in Las Vegas, NV, United States, with 2,453 employees.
Does Southwest Gas Holdings pay a dividend?
Yes. At today's price the dividend is 2.9% a year, about 41% of its yearly profit. In 2025 it paid out $179 million in dividends.
Is Southwest Gas Holdings stock halal?
No. Southwest Gas Holdings does not pass our halal screen: its debt is 52% of its market value, at or above the 33% limit. How we check
How has Southwest Gas Holdings stock done over the past year?
Up 14.4% over the past twelve months, to $92.67. It traded between $79.02 and $94.05, close to its high.
Who are Southwest Gas Holdings's competitors?
The largest listed companies in the same industry are Atmos Energy, NiSource, ONE Gas and Centuri Holdings. The peers table on this page compares their profit, growth and price with Southwest Gas Holdings's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.