Southwest Gas Holdings, Inc.
SWXNYSEUtilities · Natural Gas Transmisison & Distribution · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | $5.43B | $4.96B | $1.50B | $1.34B |
| Operating income | $473.9M | $406.5M | $293.0M | −$24.4M | $369.5M | $423.0M |
| Net income | $73.7M | $198.8M | $150.9M | −$203.3M | $200.8M | $232.3M |
| Total assets | $10.43B | $12.07B | $9.28B | $13.20B | $12.77B | $8.74B |
| Total liabilities | — | — | — | — | — | — |
| Equity | $3.65B | $3.50B | $3.31B | $3.06B | $2.95B | $2.67B |
| EPS (diluted) | $1.02 | $2.76 | $2.13 | $-3.10 | $3.39 | $4.14 |
| Shares out. | 71.8M | 71.6M | 67.1M | 60.5M | 57.2M | 55.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- 2.0%
- Return on assets
- 0.7%
- Return on capital (ROCE)
- 5.0%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $50.78
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −62.9%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −3.3%clean
- Piotroski F-Score
- 4/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 good- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Corvex Management LpActivist (13D)May 8, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Fmr LlcPassive (13G)Feb 5, 2026
- Icahn Carl CActivist (13D)Jan 29, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Carson Molly R.Director | May 7, 2026 | Grant | 1,196.37 | $0.00 |
| Kim LeezieDirector | May 7, 2026 | Grant | 1,196.37 | $0.00 |
| Haller Karen SOfficer — President and CEO | Feb 27, 2026 | Tax withholding | 13,105.277 | $80.02 |
| Timperley Amy L.Officer — SVP/Chief Reg. & Public Aff. | Feb 27, 2026 | Tax withholding | 1,182.367 | $80.02 |
| Williams Julie M.Officer — SVP/Cont. Improvement and Opt. | Feb 27, 2026 | Tax withholding | 3,472.571 | $80.02 |
| Mazzeo Catherine MOfficer — SVP/Chief Legal/Comp. Officer | Feb 27, 2026 | Tax withholding | 543.737 | $80.02 |
| Brown Justin LOfficer — President/Southwest Gas Corp. | Feb 27, 2026 | Tax withholding | 3,208.776 | $87.60 |
| Gabe Randall P.Officer — SVP/Chief Administrative OFC | Feb 27, 2026 | Tax withholding | 2,171.878 | $80.02 |
| Forsberg Justin SOfficer — SVP/Chief Financial Officer | Feb 27, 2026 | Tax withholding | 519.918 | $80.02 |
| Gabe Randall P.Officer — SVP/Chief Administrative OFC | Feb 19, 2026 | Grant | 2,340.236 | $0.00 |
| Evans Andrew WDirector | Feb 19, 2026 | Grant | 1,725.574 | $0.00 |
| Lewis-Raymond JaneDirector | Feb 19, 2026 | Grant | 1,725.574 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.5M | 3.0 | -1.6% |
| Apr 30, 2026 | 1.5M | 3.2 | +10.7% |
| Apr 15, 2026 | 1.4M | 3.2 | -4.2% |
| Mar 31, 2026 | 1.4M | 2.6 | +11.8% |
| Mar 13, 2026 | 1.3M | 2.4 | +21.3% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 11, 2026
- Results of operationsMay 5, 2026
- Director / officer changeFeb 25, 2026
- Results of operationsFeb 25, 2026
- Terminated a material agreementFeb 12, 2026
- Director / officer change · Regulation FD disclosureFeb 11, 2026
- Results of operations · Prior financials not reliable (restatement) · Regulation FD disclosureJan 9, 2026
- Director / officer change · Regulation FD disclosureJan 2, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4May 13, 2026
- 4FORM 4May 13, 2026
- 3FORM 3May 13, 2026
- 3FORM 3May 13, 2026
- 8-KMay 11, 2026
- SCHEDULE 13D/AMay 8, 2026
- 10-QMay 5, 2026
- 8-KMay 5, 2026
- SCHEDULE 13GApr 29, 2026
- SCHEDULE 13G/AMar 27, 2026
- ARSMar 23, 2026
- DEFA14AMar 23, 2026
- DEF 14AMar 23, 2026
- 144Mar 4, 2026
- 4FORM 4Mar 3, 2026