Southwest Gas Holdings, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Southwest Gas Holdings, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $5.43B | Feb 28, 2024 |
| FY2023 | Dec 31, 2022 | $4.96B | Feb 28, 2024 |
| FY2023 | Dec 31, 2021 | $3.68B | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $3.30B | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $3.12B | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $2.88B | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $2.55B | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $2.46B | Feb 28, 2019 |
| FY2017 | Dec 31, 2015 | $2.36B | Feb 28, 2018 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2021 | Dec 31, 2021 | $1.50B | Mar 1, 2022 |
| FY2021 | Dec 31, 2020 | $1.34B | Mar 1, 2022 |
| FY2021 | Dec 31, 2019 | $1.39B | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $1.31B | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $1.26B | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $1.31B | Feb 28, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $439.83M | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | $262.63M | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | ($40.15M) | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $198.82M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $150.89M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | ($203.29M) | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $200.78M | Feb 28, 2024 |
| FY2020 | Dec 31, 2020 | $103.54M | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | $18.27M | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | $37.97M | Feb 25, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $473.89M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $406.47M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $292.98M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | ($24.40M) | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $369.55M | Feb 28, 2024 |
| FY2020 | Dec 31, 2020 | $152.80M | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | $54.26M | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | $67.57M | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | $148.37M | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | $138.20M | Feb 25, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $556.08M | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | $474.51M | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | $417.61M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $1.36B | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $509.21M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $407.46M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $111.38M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $626.08M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $500.37M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $528.86M | Feb 25, 2021 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $807.87M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $846.59M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $765.87M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $859.42M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $715.63M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $825.11M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $938.15M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $765.91M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $623.65M | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $529.53M | Feb 28, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $10.43B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $12.07B | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $9.28B | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $13.20B | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $12.77B | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $8.74B | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $8.17B | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $7.36B | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $6.24B | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $5.58B | Feb 28, 2019 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.96B | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | $3.89B | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | $3.65B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $3.50B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $3.31B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $3.06B | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $2.95B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $2.67B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $2.51B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $2.25B | Mar 2, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $11.16M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $11.16M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $789.73M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $787.25M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $1.78B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $345.18M | Mar 1, 2022 |
| FY2021 | Dec 31, 2019 | $343.02M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $359.05M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $179.31M | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $139.98M | Feb 28, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.02B | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | $964.29M | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | $742.45M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $758.65M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $738.84M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $747.07M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $1.11B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $1.07B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $1.04B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $944.29M | Mar 2, 2020 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $576.65M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $314.77M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $106.54M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $123.08M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $222.70M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $83.35M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $49.54M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $85.36M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | $43.62M | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $28.07M | Feb 28, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2022 | Dec 31, 2022 | $726.41M | Feb 28, 2023 |
| FY2021 | Dec 31, 2021 | $690.35M | Mar 1, 2022 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6 | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | 3 | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | 0 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | 2 | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | (3) | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 28, 2024 |
| FY2020 | Dec 31, 2020 | 1 | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 25, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6 | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | 3 | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | 0 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | 2 | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | (3) | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 28, 2024 |
| FY2020 | Dec 31, 2020 | 1 | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 25, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 72.22M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 71.78M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | 71.56M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | 67.12M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | 60.42M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | 57.19M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | 55.01M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | 53.03M | Mar 2, 2020 |
| FY2018 | Dec 31, 2017 | 48.09M | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | 47.48M | Feb 28, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $178.51M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $177.63M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $174.57M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $160.56M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $138.22M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $125.50M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $116.13M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $100.24M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $92.13M | Mar 2, 2020 |
| FY2018 | Dec 31, 2016 | $83.32M | Feb 28, 2019 |