Southwest Gas Holdings, Inc.SWXEarnings & Financial Report
NYSE
Southwest Gas Holdings, Inc. is an investor-owned utility based in Las Vegas, Nevada, United States.
SWX Q3 2025 Key Financial Metrics
Revenue
$316.9M
Gross Profit
N/A
Operating Profit
$37.0M
Net Profit
$270.5M
Gross Margin
N/A
Operating Margin
11.7%
Net Margin
85.3%
YoY Growth
-70.6%
EPS
$3.74
Financial Flow
Southwest Gas Holdings, Inc. Q3 2025 Financial Summary
Southwest Gas Holdings, Inc. reported revenue of $316.9M for Q3 2025, with a net profit of $270.5M (85.3% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $316.9M |
|---|---|
| Net Profit | $270.5M |
| Gross Margin | N/A |
| Operating Margin | 11.7% |
| Report Period | Q3 2025 |
Southwest Gas Holdings, Inc. Annual Revenue by Year
Southwest Gas Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $5.1B).
| Year | Annual Revenue |
|---|---|
| 2024 | $5.1B |
| 2023 | $5.4B |
| 2022 | $5.0B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.37B | $1.58B | $1.18B | $1.08B | $1.27B | $1.30B | $1.12B | $316.9M |
| YoY Growth | -3.8% | -1.4% | -8.6% | -7.7% | -7.1% | -18.0% | -5.2% | -70.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.87B | $11.89B | $11.99B | $11.87B | $12.02B | $12.08B | $12.21B | $10.33B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $3.31B | $3.36B | $3.49B | $3.46B | $3.50B | $3.58B | $3.67B | $3.93B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $310.8M | $543.7M | $306.6M | $304.1M | $201.4M | $291.3M | $126.3M | $56.9M |