Southwest Gas Holdings Net Income

SWX Stock  USD 82.99  0.36  0.44%   
As of the 5th of February, Southwest Gas has the Coefficient Of Variation of 1671.32, risk adjusted performance of 0.0477, and Semi Deviation of 1.15. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Southwest Gas Holdings, as well as the relationship between them.

Southwest Gas Total Revenue

6.17 Billion

Southwest Gas' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Southwest Gas' valuation are provided below:
Gross Profit
1.1 B
Profit Margin
0.0998
Market Capitalization
B
Enterprise Value Revenue
1.8743
Revenue
4.6 B
We have found one hundred twenty available fundamental trend indicators for Southwest Gas Holdings, which can be analyzed and compared to other ratios and to its competition. All investors should make sure to double-check all of Southwest Gas Holdings current market performance against the performance between 2010 and 2026 to make sure the company can sustain itself down the road. Market Cap is likely to rise to about 1.8 B in 2026, whereas Enterprise Value is likely to drop slightly above 1 B in 2026. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
Last ReportedProjected for Next Year
Net Income235.6 M247.3 M
Net Income Applicable To Common Shares228.6 M117.5 M
Net Income From Continuing Ops184.4 M95.4 M
Net Income Per Share 2.49  1.47 
Net Income Per E B T 0.74  0.42 
Net Income is likely to rise to about 247.3 M in 2026, whereas Net Income Applicable To Common Shares is likely to drop slightly above 117.5 M in 2026.
  
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The evolution of Net Income for Southwest Gas Holdings provides essential context for understanding the company's financial health trajectory. By analyzing this metric's behavior over time, investors can assess whether recent trends align with long-term patterns, and how Southwest Gas compares to historical norms and industry peers.

Latest Southwest Gas' Net Income Growth Pattern

Below is the plot of the Net Income of Southwest Gas Holdings over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Southwest Gas Holdings financial statement analysis. It represents the amount of money remaining after all of Southwest Gas Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Southwest Gas' Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Southwest Gas' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 204.84 M10 Years Trend
Pretty Stable
   Net Income   
       Timeline  

Southwest Net Income Regression Statistics

Arithmetic Mean153,745,845
Coefficient Of Variation64.96
Mean Deviation54,201,365
Median152,980,000
Standard Deviation99,878,977
Sample Variance9975.8T
Range443.4M
R-Value0.11
Mean Square Error10501.9T
R-Squared0.01
Significance0.66
Slope2,260,531
Total Sum of Squares159613T

Southwest Net Income History

2026240.1 M
2025228.6 M
2024198.8 M
2023150.9 M
2022-203.3 M
2021200.8 M
2020232.3 M

Other Fundumenentals of Southwest Gas Holdings

Southwest Gas Net Income component correlations

Southwest Net Income Driver Correlations

Understanding the fundamental principles of building solid financial models for Southwest Gas is extremely important. It helps to project a fair market value of Southwest Stock properly, considering its historical fundamentals such as Net Income. Since Southwest Gas' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Southwest Gas' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Southwest Gas' interrelated accounts and indicators.
Is Gas Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southwest Gas. If investors know Southwest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Southwest Gas assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth
930.776
Dividend Share
2.48
Earnings Share
3.17
Revenue Per Share
64.531
Quarterly Revenue Growth
(0.12)
Investors evaluate Southwest Gas Holdings using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Southwest Gas' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Southwest Gas' market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Southwest Gas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Southwest Gas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Southwest Gas' market price signifies the transaction level at which participants voluntarily complete trades.

Southwest Gas 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Southwest Gas' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Southwest Gas.
0.00
11/07/2025
No Change 0.00  0.0 
In 3 months and 1 day
02/05/2026
0.00
If you would invest  0.00  in Southwest Gas on November 7, 2025 and sell it all today you would earn a total of 0.00 from holding Southwest Gas Holdings or generate 0.0% return on investment in Southwest Gas over 90 days. Southwest Gas is related to or competes with Brookfield Infrastructure, Spire, One Gas, TXNM Energy, CMS Energy, NewJersey Resources, and PGE Corp. Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and C... More

Southwest Gas Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Southwest Gas' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Southwest Gas Holdings upside and downside potential and time the market with a certain degree of confidence.

Southwest Gas Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Southwest Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southwest Gas' standard deviation. In reality, there are many statistical measures that can use Southwest Gas historical prices to predict the future Southwest Gas' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Southwest Gas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
81.5282.5683.60
Details
Intrinsic
Valuation
LowRealHigh
74.3787.0788.11
Details
Naive
Forecast
LowNextHigh
79.7780.8181.85
Details
8 Analysts
Consensus
LowTargetHigh
83.4691.71101.80
Details

Southwest Gas February 5, 2026 Technical Indicators

Southwest Gas Holdings Backtested Returns

At this stage we consider Southwest Stock to be very steady. Southwest Gas Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0787, which indicates the firm had a 0.0787 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Southwest Gas Holdings, which you can use to evaluate the volatility of the company. Please validate Southwest Gas' Coefficient Of Variation of 1671.32, semi deviation of 1.15, and Risk Adjusted Performance of 0.0477 to confirm if the risk estimate we provide is consistent with the expected return of 0.0813%. Southwest Gas has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Southwest Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Southwest Gas is expected to be smaller as well. Southwest Gas Holdings right now has a risk of 1.03%. Please validate Southwest Gas value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to decide if Southwest Gas will be following its existing price patterns.

Auto-correlation

    
  0.02  

Virtually no predictability

Southwest Gas Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Southwest Gas time series from 7th of November 2025 to 22nd of December 2025 and 22nd of December 2025 to 5th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Southwest Gas Holdings price movement. The serial correlation of 0.02 indicates that only 2.0% of current Southwest Gas price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test-0.04
Residual Average0.0
Price Variance2.91
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

Southwest Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

(59.43 Million)

Southwest Gas reported Accumulated Other Comprehensive Income of (56.6 Million) in 2025
Based on the recorded statements, Southwest Gas Holdings reported net income of 204.84 M. This is 3.16% lower than that of the Gas Utilities sector and significantly higher than that of the Utilities industry. The net income for all United States stocks is 64.13% higher than that of the company.

Southwest Net Income 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 Net Income 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 is currently under evaluation in net income category among its peers.

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.
Environmental
Governance
Social

Southwest Gas Institutional Holders

Institutional Holdings refers to the ownership stake in Southwest Gas that is held by large financial organizations, pension funds or endowments. Institutions may hold large blocks of Southwest Gas' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Southwest Gas' value.
Shares
Principal Financial Group Inc2025-06-30
1.2 M
River Road Asset Management, Llc2025-06-30
1.1 M
Gabelli Funds Llc2025-06-30
M
Dimensional Fund Advisors, Inc.2025-06-30
M
Macquarie Group Ltd2025-06-30
974 K
Charles Schwab Investment Management Inc2025-06-30
911.5 K
Zimmer Partners Lp2025-06-30
905.3 K
Gamco Investors, Inc. Et Al2025-06-30
860.3 K
Norges Bank2025-06-30
851.4 K
Blackrock Inc2025-06-30
9.9 M
Icahn Carl C2025-06-30
7.5 M

Southwest Fundamentals

About Southwest Gas Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Southwest Gas Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Southwest Gas using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Southwest Gas Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Southwest Stock Analysis

When running Southwest Gas' price analysis, check to measure Southwest Gas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Southwest Gas is operating at the current time. Most of Southwest Gas' value examination focuses on studying past and present price action to predict the probability of Southwest Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southwest Gas' price. Additionally, you may evaluate how the addition of Southwest Gas to your portfolios can decrease your overall portfolio volatility.