Southwest Gas Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 09/30/25 | FY 06/30/25 | FY 12/31/24 | FY 12/31/23 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.9B | — | — | $2.5B | $5.4B |
| Cost of revenue | — | — | — | $2.4B | $2.6B |
| Operating income | $473.9M | — | — | $406.5M | $293.0M |
| Interest expense | — | — | — | $297.0M | $292.3M |
| Pretax income | $330.9M | — | — | $254.1M | $169.4M |
| Income tax expense | $96.0M | — | — | $33.2M | $29.4M |
| Net income | $439.8M | — | — | $198.8M | $150.9M |
| Balance Sheet | |||||
| Cash and equivalents | $576.6M | — | — | $314.8M | $106.5M |
| Current assets | $1.2B | — | — | $1.5B | $1.9B |
| Total assets | $10.4B | — | — | $12.1B | $9.3B |
| Current liabilities | $929.9M | $879.7M | — | $1.8B | $1.7B |
| Stockholders' equity | $4.0B | $3.9B | $3.6B | $3.5B | $3.3B |
| Cash Flow Statement | |||||
| Cash from operations | $556.1M | — | — | $1.4B | $509.2M |
| Depreciation and amortization | $330.7M | — | — | $303.1M | $295.5M |
| Stock-based compensation | $14.6M | — | — | $11.4M | $6.2M |
| Capital expenditure | $807.9M | — | — | $846.6M | $765.9M |
| Free cash flow | -$251.8M | — | — | $509.2M | -$256.7M |
| Dividends paid | $178.5M | — | — | $177.6M | $174.6M |
Shares outstanding 72.4M · Free float 86.0%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.