US · USD
SWX
Southwest Gas Holdings Inc
- Day's range
- $82.28 – $83.18
- Day's volume
- $19.2M
- 52-week range
- $75.03 – $92.72
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See how SWX weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountSWX in numbers
- Market cap
- $6B
- P/E
- 10.95
- P/B
- 1.45
- Dividend yield (12m)
- 3.06%
- Net debt/EBITDA
- 3.83
The 12-month dividend yield of SWX is 3.06%, below its 5-year average of 3.57%.
SWX price history
SWX risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +1.58% | +52.82% | +47.78% |
| Volatility (annualized) | 17.45% | 20.18% | 21.84% |
| Largest drawdown | -12.06% | -12.06% | -38.23% |
| Positive months | 6/12 | 22/36 | 33/60 |
How much did investing in SWX return?
$1,000.00 invested on 11/01/2021 would be worth $1,477.77 today.
- Value today in SWX
- $1,477.77
- Return over the period
- +47.78%
- Return per year
- +8.24%
- In the S&P 500
- $1,707.27
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
SWX fundamentals
Valuation
- P/E10.95
- P/B1.45
- EV/EBITDA10.92
- EV/EBIT18.48
- EV/Revenue—
- P/EBIT11.99
- P/S—
- P/OCF13.40
- P/FCF-11.34
- Earnings yield5.41%
- PEG ratio—
- Earnings per share$7.55
- Book value per share$56.94
Debt
- Net debt$3.2B
- Net debt/EBITDA3.83
- Net debt/Equity0.79
- Debt/Equity0.85
- Current ratio1.12
- Quick ratio—
- Cash ratio0.35
Profitability
- ROE13.25%
- ROA5.22%
- ROIC4.67%
- Payout33.53%
Growth
- Revenue CAGR (5 years)—
- Earnings CAGR (5 years)15.65%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is SWX's fair price?
Two classic value formulas, with today's numbers. The current price is $82.59.
- Graham's fair price
- $98.32
- 19.05% above the price
√(22.50 × $7.55 × $56.94)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $40.83
- 50.56% below the price
$2.45 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
SWX's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2023 | 2023 | 2023 | 2022 | 2022 |
|---|---|---|---|---|---|---|---|---|
| P/E | 13.15 | 25.54 | 30.06 | -22.39 | -20.80 | -17.89 | -20.44 | 28.22 |
| P/B | 1.46 | 1.45 | 1.37 | 1.40 | 1.39 | 1.38 | 1.36 | 1.22 |
| EV/EBITDA | 10.83 | 12.61 | 16.50 | 21.98 | 21.68 | 23.70 | 22.47 | 12.39 |
| Dividend yield | 3.10% | 3.51% | 3.91% | 3.91% | 3.91% | 3.91% | 3.97% | 3.97% |
| Earnings per share | $6.09 | $2.77 | $2.11 | -$2.83 | -$3.05 | -$3.54 | -$3.03 | $2.19 |
| Book value per share | $54.81 | $48.79 | $46.23 | $45.24 | $45.57 | $46.04 | $45.55 | $50.83 |
| ROE | 11.10% | 5.67% | 4.56% | -6.25% | -6.68% | -7.69% | -6.65% | 4.31% |
| ROIC | 4.88% | 4.79% | 2.85% | -0.07% | -0.17% | -0.54% | -0.20% | 3.44% |
| Gross margin | — | — | 51.83% | 50.71% | 50.41% | 50.34% | 49.01% | 48.02% |
| EBITDA margin | — | — | 10.83% | 8.10% | 8.18% | 7.60% | 8.99% | 17.92% |
| Net margin | — | — | 2.78% | -3.69% | -4.01% | -4.79% | -4.10% | 3.18% |
| Net debt/EBITDA | 3.64 | 5.45 | 8.79 | 11.77 | 11.50 | 12.43 | 13.15 | 7.38 |
SWX's financial statements
| Line | 2025 | 2024 | 2023 | 2023 | 2023 | 2023 |
|---|---|---|---|---|---|---|
| Net revenue | — | — | $5.4B | $5.5B | $5.4B | $5.3B |
| Cost of revenue | — | -$2.4B | -$2.6B | -$2.7B | -$2.7B | -$2.6B |
| Gross profit | — | — | $2.8B | $2.8B | $2.7B | $2.7B |
| EBITDA | $804.6M | $709.6M | $588.4M | $444.3M | $445.4M | $402.6M |
| EBIT | $473.9M | $406.5M | $293M | -$8.3M | -$18.6M | -$57.7M |
| Financial result | -$143M | -$152.3M | -$123.6M | -$249.2M | -$254.4M | -$260.7M |
| Income before tax | $330.9M | $254.1M | $169.4M | -$257.4M | -$273M | -$318.4M |
| Income tax | -$96M | -$33.2M | -$29.4M | $61.8M | $62M | $71.1M |
| Net income | $439.8M | $198.8M | $150.9M | -$202.6M | -$218.1M | -$253.6M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does SWX pay dividends?
Dividend yield per year
- 2.40%2017
- 2.69%2018
- 2.84%2019
- 3.71%2020
- 3.36%2021
- 3.97%2022
- 3.91%2023
- 3.51%2024
- 3.10%2025
- 2.31%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/14/2026 | 09/01/2026 | $0.65 |
| Dividend | 05/14/2026 | 06/01/2026 | $0.65 |
| Dividend | 02/16/2026 | 03/02/2026 | $0.62 |
| Dividend | 11/14/2025 | 12/01/2025 | $0.62 |
| Dividend | 08/14/2025 | 09/02/2025 | $0.62 |
| Dividend | 05/14/2025 | 06/02/2025 | $0.62 |
| Dividend | 02/17/2025 | 03/03/2025 | $0.62 |
| Dividend | 11/14/2024 | 12/02/2024 | $0.62 |
| Dividend | 08/14/2024 | 09/03/2024 | $0.62 |
| Dividend | 05/13/2024 | 06/03/2024 | $0.62 |
| Dividend | 02/13/2024 | 03/01/2024 | $0.62 |
| Dividend | 11/13/2023 | 12/01/2023 | $0.62 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/11/2023 | 09/01/2023 | $0.62 |
| Dividend | 05/11/2023 | 06/01/2023 | $0.62 |
| Dividend | 02/13/2023 | 03/01/2023 | $0.62 |
| Dividend | 11/11/2022 | 12/01/2022 | $0.62 |
| Dividend | 08/11/2022 | 09/01/2022 | $0.62 |
| Dividend | 05/12/2022 | 06/01/2022 | $0.62 |
| Dividend | 02/11/2022 | 03/01/2022 | $0.60 |
| Dividend | 11/11/2021 | 12/01/2021 | $0.60 |
| Dividend | 08/12/2021 | 09/01/2021 | $0.60 |
| Dividend | 05/13/2021 | 06/01/2021 | $0.60 |
| Dividend | 02/11/2021 | 03/01/2021 | $0.57 |
| Dividend | 11/12/2020 | 12/01/2020 | $0.57 |
| Dividend | 08/13/2020 | 09/01/2020 | $0.57 |
| Dividend | 05/13/2020 | 06/01/2020 | $0.57 |
| Dividend | 02/13/2020 | 03/02/2020 | $0.55 |
| Dividend | 11/13/2019 | 12/02/2019 | $0.55 |
| Dividend | 08/13/2019 | 09/03/2019 | $0.55 |
| Dividend | 05/13/2019 | 06/03/2019 | $0.55 |
| Dividend | 02/13/2019 | 03/01/2019 | $0.52 |
| Dividend | 11/13/2018 | 12/03/2018 | $0.52 |
| Dividend | 08/13/2018 | 09/04/2018 | $0.52 |
| Dividend | 05/11/2018 | 06/01/2018 | $0.52 |
| Dividend | 02/13/2018 | 03/01/2018 | $0.50 |
| Dividend | 11/13/2017 | 12/01/2017 | $0.50 |
| Dividend | 08/10/2017 | 09/01/2017 | $0.50 |
| Dividend | 05/10/2017 | 06/01/2017 | $0.50 |
| Dividend | 02/10/2017 | 03/01/2017 | $0.45 |
| Dividend | 11/09/2016 | 12/01/2016 | $0.45 |
About Southwest Gas Holdings
- Sector
- Transportation and utilities
Questions about SWX
How much is SWX today?
SWX is at $82.59 (-0.88% on the day), last traded on 10/07/2026.
How much did SWX pay in dividends in 2025?
SWX paid $2.48 per share in 2025, a dividend yield of 3.10%.
What are the P/E and P/B of SWX?
SWX trades at a P/E of 10.95 and a P/B of 1.45.
How much did SWX return in 12 months?
SWX returned 1.58% in 12 months, with annualized volatility of 17.45% and a largest drawdown of -12.06%.