Stock AnalizSouthwest Gas Holdings, Inc. SWX
Oil & Gas Production · data as of November 13, 2026
Southwest Gas Holdings, Inc. (SWX) is a utility company listed in the US with a market value of about $6.8B. In the twelve months to September 30, 2026 it had revenue of $1.7B and net income of $297M, a net margin of 17.2%.
Its overall Stock Analiz score is 1.2 out of 5 (weak). The strongest part is shareholder returns (3/5); the weakest is track record (0/5).
Key numbers: a P/E of 22.9, 5-year revenue growth of -10% a year, a 5-year average ROIC of 3%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 60% below the current price.
Score: 1.2 / 5
Checks passed
- P/E below 25
- Profit margin improving
- Interest covered more than 5 times
- Pays a dividend
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $2.5B | $5.4B | $5.0B | $3.7B | $3.3B | $3.1B | $2.9B | $2.5B | $2.5B |
| Net income | $297M | $440M | $199M | $151M | -$203M | $201M | $232M | $214M | $182M | $194M | $152M |
| Free cash flow | -$573M | -$252M | $509M | -$257M | -$452M | -$604M | -$199M | -$438M | -$237M | -$254M | $71M |
| EPS (diluted) | $4.08 | $6.08 | $2.76 | $2.13 | $-3.10 | $3.39 | $4.14 | $3.94 | $3.68 | $4.04 | $3.18 |
| Net margin | 17.2% | 22.7% | 8.0% | 2.8% | -4.1% | 5.5% | 7.0% | 6.9% | 6.3% | 7.6% | 6.2% |
| ROIC | — | 4.5% | 5.0% | 3.0% | -0.2% | 4.2% | 6.1% | 5.9% | 6.1% | 7.1% | 6.4% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 9 analysts is $103.00, 10% above the current price; targets range from $95.00 to $107.00; the consensus rating is “Strong buy”; expected EPS is $4.26 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Southwest Gas’s P/E ratio?
About 22.9, based on the last twelve months of diluted earnings per share (forward P/E about 14.6).
Is Southwest Gas stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 60% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Southwest Gas pay a dividend?
Yes. The dividend yield is about 2.78%, and it has paid dividends for 10 years in our data.
Is Southwest Gas a good stock to buy?
We do not give buy or sell advice. Southwest Gas scores 1.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
Similar companies
Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.