To the full analysis
Southwest Gas Holdings stock: growth
SWXSouthwest Gas Holdings reported $1.94B in revenue for fiscal 2025, down 62% on the prior year, down 10.1% a year on average over up to five years.
Daily figure as of 12 Nov 2026
Revenue (Annual rate)
−0.2%
per year from 2006 to 2025, per share −3.2%
Earnings (Annual rate)
9.1%
per year from 2006 to 2025, per share 5.8%
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | −10.1% | −2.4% | −0.2% |
| Revenue per share | −14.5% | −6.5% | −3.2% |
| Earnings | 13.6% | 12.3% | 9.1% |
| Earnings per share | 8.0% | 7.6% | 5.8% |
| Free cash flow | no data | no data | no data |
| Free cash flow per share | no data | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $2.02B | $83.86M | −$63.97M |
| 2007 | $2.15B | $83.25M | $6.94M |
| 2008 | $2.14B | $60.97M | −$469K |
| 2009 | $1.89B | $87.48M | $188.82M |
| 2010 | $1.83B | $103.88M | $155.55M |
| 2011 | $1.89B | $112.29M | −$128.95M |
| 2012 | $1.93B | $133.33M | −$9.39M |
| 2013 | $1.95B | $145.32M | −$18.07M |
| 2014 | $2.12B | $141.13M | −$50.48M |
| 2015 | $2.46B | $138.32M | $59.15M |
| 2016 | $2.46B | $152.04M | $68.86M |
| 2017 | $2.55B | $193.84M | −$253.69M |
| 2018 | $2.88B | $182.28M | −$237.06M |
| 2019 | $3.12B | $213.94M | −$437.78M |
| 2020 | $3.3B | $232.32M | −$199.03M |
| 2021 | $3.68B | $200.78M | −$604.24M |
| 2022 | $4.96B | −$203.29M | −$451.96M |
| 2023 | $5.43B | $150.89M | −$363.31M |
| 2024 | $5.11B | $198.82M | $409.86M |
| 2025 | $1.94B | $439.83M | −$251.79M |
Revenue by region
Where Southwest Gas Holdings, Inc. generates its revenue.
- United States96%
- Canada4%
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $2.26B | $2.35B | $2.66B | $2.89B | $3.06B | $3.41B | $4.64B | $5.2B | $4.91B | 96.1% |
| Canada | $203.89M | $203.66M | $215.34M | $226.72M | $241.83M | $269.43M | $322.45M | $234.79M | $197.87M | 3.9% |
| Total revenue | $2.46B | $2.55B | $2.88B | $3.12B | $3.3B | $3.68B | $4.96B | $5.43B | $5.11B | 100% |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 27 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.