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Southwest Gas Holdings, Inc. (SWX) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Utilities · Utilities - Regulated Gas · DATA UPDATED 2026-07-10

Southwest Gas Holdings, Inc. (SWX) operates in the Utilities - Regulated Gas industry and is headquartered in Las Vegas, United States with about 2,453 employees. Its market capitalization is roughly $7 billion. In the fiscal year ended 2025-12-31, SWX reported $1.9B in revenue and $440M in net income.

Southwest Gas Holdings, Inc., through its subsidiary, Southwest Gas Corporation, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California in the United States. The company offers tariff sales and transportation services.

Interactive charts & full statements → Open the SWX valuation workbench →

SWX Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$1.9B$2.5B$2.5B$5.0B
Gross Profit$899M$798M$748M$995M
Operating Income (EBIT)$482M$406M$364M$431M
Net Income$440M$199M$151M($203M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

SWX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Total Revenue$585M$481M$317M$1.1B$746M
Gross Profit$344M$271M$139M$222M$331M
Operating Income (EBIT)$219M$164M$39M$96M$214M
Net Income$138M$68M$270M($13M)$114M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

SWX Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($178M)($178M)($175M)($161M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

SWX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($45M)($45M)($45M)($45M)($44M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

SWX Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$10.4B$12.1B$11.9B$13.2B
Total Liabilities$6.5B$8.4B$8.5B$10.0B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive SWX viewer.

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