Southwest Gas Holdings, Inc.

SWXNYSEUtilities● Active

$87.63

$-1.09(-1.23%)

Market Cap$6.3B

P/E Ratio—

52W High$94.43

52W Low$70.03

Avg Volume484K

Open$88.65

Beta0.58

Net Income Financials Revenue

Southwest Gas Holdings, Inc. (SWX) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

SWX · net income · updated Jun 8, 2026

Core profitability metrics

SWX · net income · margin · TTM · CAGR

Net income was $439.8M for FY2025 (fiscal year ending 2025-12-31), up 121.2% year-over-year. Net profit margin was 22.7%. Based on available data, Southwest Gas Holdings, Inc. has been profitable since at least 2011.

FY2025 Net Income$439.8M▲ +121.2% YoY

Trailing 12M (TTM)$464.3Mtrailing 4 quarters sum

Net Profit Margin22.7%$439.8M ÷ $1.94B

YoY Change+121.2%—

5-Year CAGR+13.6%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · SWX net income history · SWX profit margin

Annual net income data

SWX · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$439.8M▲ +121.2%22.7%$1.94B

FY2024$198.8M▲ +31.8%3.9%$5.11B

FY2023$150.9M▲ +174.2%2.8%$5.43B

FY2022Loss−$203.3M▼ 201.3%-4.1%$4.96B

FY2021$200.8M▼ 13.6%5.5%$3.68B

Net income vs peers (Utilities)

SWX vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Southwest Gas Holdings, Inc.YOU

SWX

$439.8M+121.2%22.7%

Duke Energy Corporation

Constellation Energy Corporation

CEG

$2.32B-38.1%9.1%

34%

Utilities · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Southwest Gas Holdings, Inc. (SWX) reported net income of $439.8M for FY2025 (fiscal year ending 2025-12-31), up 121.2% year-over-year. The net profit margin was 22.7% — meaning the company kept $0.23 of every dollar of revenue as profit.

Based on available data, Southwest Gas Holdings, Inc. has been profitable since at least 2011. Net income reached a peak of $439.8M in FY2025. Data available for 15 fiscal years.

Southwest Gas Holdings, Inc.'s net profit margin was 22.7% for FY2025, based on the latest annual results.

Investors sometimes search for "Southwest Gas Holdings, Inc. net worth" — the company's market capitalization is a separate figure from SWX net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

SWX net income · 5 questions

Southwest Gas Holdings, Inc. is profitable. The company reported net income of $439.8M for FY2025, a net profit margin of 22.7%. Net income was up 121.2% year-over-year. Based on available data, Southwest Gas Holdings, Inc. has been profitable since at least 2011.

is SWX profitabledoes SWX make a profitSWX profitabilitySWX profitable company

▸ Source: FMP /income-statement · GAAP · Southwest Gas Holdings, Inc. · Southwest Gas Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026