Southwest Gas Financial Statements
NYSE: SWXUtilitiesOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Southwest Gas revenue and earnings
In fiscal 2025, Southwest Gas generated $1.94 billion in revenue, down 21.6% from fiscal 2024, its first annual decline since 2024. Net income was $439.8 million (+121.2% year over year), for a net margin of 22.7% versus a median of 5.5% in the prior 5 years. Operating margin was 24.4%.
Diluted earnings per share came in at $6.08, up from $2.76. Over the last 5 fiscal years, SWX's revenue has grown at a -10.1% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
Southwest Gas income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.94B | 2.48B | 5.43B | 4.96B | 3.68B | 3.30B | 3.12B | 2.88B | 2.55B | 2.46B |
| Revenue growth (YoY) | -21.61% | -54.45% | +9.56% | +34.77% | +11.57% | +5.74% | +8.33% | +13.00% | +3.59% | +4.28% |
| Cost of Revenue | — | 2.42B | 2.62B | 2.53B | 1.96B | 1.73B | 1.57B | 1.39B | 1.15B | 1.02B |
| Gross Profit | — | 60.12M | 2.82B | 2.43B | 1.72B | 1.57B | 1.55B | 1.49B | 1.40B | 1.44B |
| Operating Expenses | — | -346.36M | 2.52B | 2.46B | 1.36B | 1.15B | 1.17B | 1.13B | 1.06B | 1.12B |
| Operating Income | 473.89M | 406.47M | 292.98M | -24.40M | 369.55M | 423.00M | 371.81M | 357.43M | 343.12M | 315.47M |
| Interest Expense | — | 297.04M | 292.29M | 242.75M | 119.20M | 111.48M | 109.23M | 96.67M | 78.06M | 73.66M |
| Other Income (Expense) | -143.01M | -152.34M | -123.57M | -248.94M | -122.70M | -118.27M | -99.14M | -114.10M | -84.09M | -83.95M |
| Pretax Income | 330.87M | 254.14M | 169.40M | -273.34M | 246.85M | 304.74M | 272.67M | 243.34M | 259.03M | 231.52M |
| Income Tax | 96.04M | 33.16M | 29.41M | -75.65M | 39.65M | 65.75M | 56.02M | 61.68M | 65.09M | 78.47M |
| Net Income | 439.83M | 198.81M | 150.89M | -203.29M | 200.78M | 232.32M | 213.94M | 182.28M | 193.84M | 152.04M |
| Net Income growth (YoY) | +121.22% | +31.76% | — | -201.25% | -13.58% | +8.60% | +17.37% | -5.97% | +27.49% | +9.92% |
| EPS (Basic) | 6.09 | 2.77 | 2.13 | -3.10 | 3.39 | 4.15 | 3.94 | 3.69 | 4.04 | 3.20 |
| EPS (Diluted) | 6.08 | 2.76 | 2.13 | -3.10 | 3.39 | 4.14 | 3.94 | 3.68 | 4.04 | 3.18 |
| Shares Outstanding (Basic) | 72.16M | 71.84M | 70.79M | 65.56M | 59.15M | 56.00M | 54.24M | 49.42M | 47.97M | 47.47M |
| Shares Outstanding (Diluted) | 72.34M | 72.03M | 70.99M | 65.56M | 59.26M | 56.08M | 54.31M | 49.48M | 47.99M | 47.81M |
| EBITDA | 804.61M | 709.57M | 588.44M | 446.06M | 740.59M | 755.03M | 675.05M | 606.64M | 594.08M | 604.61M |
| Gross Margin | — | 2.43% | 51.83% | 49.01% | 46.87% | 47.58% | 49.57% | 51.82% | 54.92% | 58.37% |
| Operating Margin | 24.42% | 16.42% | 5.39% | -49.00% | 10.04% | 12.82% | 11.92% | 12.41% | 13.46% | 12.82% |
| Net Margin | 22.67% | 8.03% | 2.78% | -4.10% | 5.46% | 7.04% | 6.86% | 6.33% | 7.61% | 6.18% |
This table shows 10 annual periods of Southwest Gas's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SWX's reporting calendar. What is a income statement?