Southwest Gas Holdings Key Fundamental Indicators

Southwest Gas Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Common Stock Shares Outstanding 87 M 82.8 M 55.2 M Slightly volatile Total Assets 14.5 B 13.8 B 8.3 B Slightly volatile Short and Long Term Debt Total 6.1 B 5.8 B 3.2 B Slightly volatile Other Current Liabilities 803.7 M 765.4 M 537.6 M Pretty Stable Total Current Liabilities 2.2 B 2.1 B 1.4 B Slightly volatile Total Stockholder Equity 4.2 B 4 B 2.3 B Slightly volatile Property Plant And Equipment Net 11.2 B 10.7 B 6.2 B Slightly volatile Net Debt 5.7 B 5.4 B 3.1 B Slightly volatile Retained Earnings 450.7 M 872.4 M 717.6 M Slightly volatile Accounts Payable 211 M 381.6 M 254.5 M Slightly volatile Cash 439.3 M 418.4 M 132.8 M Slightly volatile Non Current Assets Total 12.8 B 12.1 B 7.1 B Slightly volatile Non Currrent Assets Other 573.3 M 546 M 358.5 M Slightly volatile Cash And Short Term Investments 439.3 M 418.4 M 132.8 M Slightly volatile Net Receivables 992.1 M 944.9 M 571.1 M Slightly volatile Common Stock Total Equity 46.7 M 71.4 M 52.9 M Slightly volatile Liabilities And Stockholders Equity 14.5 B 13.8 B 8.3 B Slightly volatile Non Current Liabilities Total 7.9 B 7.5 B 4.5 B Slightly volatile Other Current Assets 237.6 M 320.9 M 295.9 M Pretty Stable Other Stockholder Equity 3.3 B 3.1 B 1.6 B Slightly volatile Total Liabilities 10.1 B 9.6 B 5.9 B Slightly volatile Property Plant And Equipment Gross 15.6 B 14.9 B 7.7 B Slightly volatile Total Current Assets 1.8 B 1.7 B 1.2 B Slightly volatile Short Term Debt 857.3 M 816.5 M 493.4 M Slightly volatile Intangible Assets 224.3 M 392 M 176.8 M Slightly volatile Common Stock 49.8 M 84.4 M 55.5 M Slightly volatile Current Deferred Revenue 66.8 M 57.5 M 68.1 M Slightly volatile Other Liabilities 2.5 B 2.3 B 1.6 B Slightly volatile Long Term Debt 5.3 B 5 B 2.7 B Slightly volatile Property Plant Equipment 759.3 M 799.3 M 3.4 B Pretty Stable Inventory 91.1 M 95.9 M 188.4 M Pretty Stable Good Will 531 M 898.4 M 428 M Slightly volatile Net Tangible Assets 2.2 B 2.6 B 1.9 B Slightly volatile Deferred Long Term Liabilities 366.4 M 356.4 M 442.8 M Slightly volatile Long Term Investments 143.1 M 126.8 M 199.8 M Slightly volatile Short and Long Term Debt 621 M 816.5 M 454.4 M Slightly volatile Long Term Debt Total 3.3 B 5 B 2.7 B Slightly volatile Capital Surpluse 1.8 B 3.1 B 1.5 B Slightly volatile Short Term Investments 1.4 B 1.4 B 469.5 M Slightly volatile Non Current Liabilities Other 1.3 B 1.5 B 877.2 M Slightly volatile Cash And Equivalents 439.3 M 418.4 M 125.4 M Slightly volatile Net Invested Capital 7.5 B 9.8 B 5.8 B Slightly volatile Warrants 145.4 M 226.2 M 126.2 M Slightly volatile Capital Stock 70.3 M 84.4 M 61.1 M Slightly volatile
Southwest Gas Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Total Revenue 6.2 B 5.9 B 3.4 B Slightly volatile Gross Profit 932.2 M 1.2 B 775.3 M Slightly volatile EBITDA 1.2 B 1.1 B 656.4 M Slightly volatile Other Operating Expenses 5.6 B 5.3 B 3 B Slightly volatile Cost Of Revenue 5 B 4.7 B 2.5 B Slightly volatile Total Operating Expenses 539.5 M 474.7 M 435.8 M Slightly volatile Interest Income 36.7 M 38.6 M 72 M Very volatile Reconciled Depreciation 365.8 M 504.2 M 311 M Slightly volatile Extraordinary Items 14.3 M 16.1 M 13.2 M Slightly volatile
Southwest Gas Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 128.6 M 122.5 M 77 M Slightly volatile Total Cash From Operating Activities 1.6 B 1.6 B 599.7 M Slightly volatile End Period Cash Flow 439.3 M 418.4 M 127.3 M Slightly volatile Change To Netincome 459.5 M 437.6 M 147.5 M Slightly volatile Depreciation 323.8 M 504.2 M 314.5 M Slightly volatile Stock Based Compensation 18 M 17.1 M 8.6 M Slightly volatile Exchange Rate Changes 240.8 K 270.9 K 295.7 K Slightly volatile Issuance Of Capital Stock 301 M 387 M 319.9 M Pretty Stable
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 0.63 0.89 1.0619 Pretty Stable Dividend Yield 0.0464 0.0402 0.0333 Pretty Stable PTB Ratio 1.16 1.3 1.5436 Slightly volatile Days Sales Outstanding 46.72 52.79 60.6916 Pretty Stable Book Value Per Share 23.6 46.22 38.7739 Slightly volatile Operating Cash Flow Per Share 17.83 16.98 9.7753 Slightly volatile Stock Based Compensation To Revenue 0.003 0.0034 0.0028 Very volatile Capex To Depreciation 1.58 1.94 2.0063 Slightly volatile PB Ratio 1.16 1.3 1.5436 Slightly volatile EV To Sales 1.43 1.72 1.9727 Pretty Stable Inventory Turnover 214 404 308 Slightly volatile Days Of Inventory On Hand 0.89 0.93 5.1494 Slightly volatile Payables Turnover 5.93 11.12 8.9213 Slightly volatile Capex To Revenue 0.23 0.21 0.2145 Very volatile Cash Per Share 4.79 4.56 2.1691 Slightly volatile POCF Ratio 5.46 3.37 8.3423 Pretty Stable Capex To Operating Cash Flow 0.6 0.63 1.5467 Pretty Stable Days Payables Outstanding 65.04 33.96 44.348 Slightly volatile EV To Operating Cash Flow 11.74 6.49 16.7489 Pretty Stable Intangibles To Total Assets 0.038 0.0585 0.0425 Slightly volatile Net Debt To EBITDA 3.53 4.33 4.5948 Slightly volatile Current Ratio 0.7 0.72 0.8844 Pretty Stable Tangible Book Value Per Share 20.94 36.43 31.9765 Slightly volatile Receivables Turnover 7.15 7.16 6.1391 Pretty Stable Graham Number 29.72 49.6 49.1403 Slightly volatile Shareholders Equity Per Share 22.73 43.9 37.5903 Slightly volatile Debt To Equity 1.76 1.66 1.4309 Very volatile Capex Per Share 7.47 11.85 11.307 Slightly volatile Revenue Per Share 35.5 64.05 55.4403 Slightly volatile Interest Debt Per Share 35.71 67.09 53.89 Slightly volatile Debt To Assets 0.44 0.48 0.3648 Slightly volatile Enterprise Value Over EBITDA 6.89 9.01 9.7746 Slightly volatile Short Term Coverage Ratios 1.63 1.72 5.7646 Slightly volatile Operating Cycle 48.09 52.79 63.888 Very volatile Price Book Value Ratio 1.16 1.3 1.5436 Slightly volatile Days Of Payables Outstanding 65.04 33.96 44.348 Slightly volatile Price To Operating Cash Flows Ratio 5.46 3.37 8.3423 Pretty Stable Ebt Per Ebit 0.73 0.45 1.3179 Pretty Stable Effective Tax Rate 0.34 0.17 0.2807 Slightly volatile Company Equity Multiplier 4.33 3.95 3.9135 Pretty Stable Long Term Debt To Capitalization 0.63 0.64 0.5387 Slightly volatile Total Debt To Capitalization 0.66 0.68 0.5735 Slightly volatile Debt Equity Ratio 1.76 1.66 1.4309 Very volatile Quick Ratio 0.7 0.72 0.8587 Very volatile Dividend Paid And Capex Coverage Ratio 0.58 1.09 0.6949 Very volatile Net Income Per E B T 0.42 0.74 0.6949 Pretty Stable Cash Ratio 0.19 0.18 0.0854 Slightly volatile Operating Cash Flow Sales Ratio 0.13 0.24 0.1674 Pretty Stable Days Of Inventory Outstanding 0.89 0.93 5.1494 Slightly volatile Days Of Sales Outstanding 46.72 52.79 60.6916 Pretty Stable Cash Flow Coverage Ratios 0.15 0.24 0.2014 Slightly volatile Price To Book Ratio 1.16 1.3 1.5436 Slightly volatile Fixed Asset Turnover 0.64 0.63 0.5482 Pretty Stable Capital Expenditure Coverage Ratio 0.66 1.29 0.8039 Very volatile Price Cash Flow Ratio 5.46 3.37 8.3423 Pretty Stable Enterprise Value Multiple 6.89 9.01 9.7746 Slightly volatile Debt Ratio 0.44 0.48 0.3648 Slightly volatile Cash Flow To Debt Ratio 0.15 0.24 0.2014 Slightly volatile Price Sales Ratio 0.63 0.89 1.0619 Pretty Stable Asset Turnover 0.5 0.49 0.4059 Slightly volatile Gross Profit Margin 0.44 0.23 0.284 Slightly volatile Price Fair Value 1.16 1.3 1.5436 Slightly volatile
Southwest Gas Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 1.8 B 1.8 B 1.8 B Slightly volatile Enterprise Value 1 B 1.3 B 1.4 B Slightly volatile

Southwest Fundamental Market Drivers

Southwest Upcoming Events

Southwest Return On Equity Driver Correlations

Altman Z Score Details

Piotroski F Score Details

Beneish M Score Details

Financial Analysis Details

Buy or Sell Advice Details

Earnings Projections Details

Southwest Gas 'What if' Analysis

Hype Prediction Low Estimated High 81.52 82.56 83.60 Details

Intrinsic Valuation Low Real High 74.37 87.07 88.11 Details

Naive Forecast Low Next High 79.77 80.81 81.85 Details

8 Analysts Consensus Low Target High 83.46 91.71 101.80 Details

Southwest Gas February 5, 2026 Technical Indicators

Southwest Gas Holdings Backtested Returns

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Return On Equity Over Time

Southwest Total Stockholder Equity

Southwest Gas Holdings Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Southwest Gas's current stock value. Our valuation model uses many indicators to compare Southwest Gas value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Southwest Gas competition to find correlations between indicators driving Southwest Gas's intrinsic value. More Info.Southwest Gas Holdings is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.51  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Southwest Gas Holdings is roughly  1.98 . At this time, Southwest Gas' Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Southwest Gas' earnings, one of the primary drivers of an investment's value.

Southwest Gas' Earnings Breakdown by Geography

Southwest Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Southwest Gas' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Southwest Gas could also be used in its relative valuation, which is a method of valuing Southwest Gas by comparing valuation metrics of similar companies.

Southwest Gas ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Southwest Gas' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Southwest Gas' managers, analysts, and investors.

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Southwest Fundamentals

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