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Southwest Gas Holdings, Inc. (SWX) Stock: Price, Forecast & Analyst Target

Southwest Gas Holdings, Inc. (SWX) — MoonshotScore 72/100 (Strong band), calculated Oct 26, 2026. Price $92.31 (+1.27%), as of the Oct 26, 2026 trading session; market cap $6.69B. Expected results Nov 4, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 24.73× (market value Oct 26, 2026; cash Jun 30, 2026) · expected results Nov 4, 2026

$92.31 +$1.16 (+1.27%) Market Cap $6.69B

Southwest Gas Holdings, Inc. · SWX · NYSE · Utilities · Regulated Gas

Research dated 2026-09-13: Southwest Gas Holdings pairs a regulated natural gas utility spanning western states with an infrastructure construction arm that trenches and replaces pipelines for power and gas networks. The investment case depends on securing favorable rate decisions from state regulators to fund steady dividend payouts while managing the heavy capital burdens of continuous network expansion.

Price as of Oct 26, 2026

Key Statistics

72 of 100

MoonshotScore v2 · Southwest Gas Holdings (SWX)

Strong
Business Quality Elite (93)
Financial Safety Sound (77)
Valuation Full (59)
Growth Durability Shrinking (15)
Momentum Surging (86)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Elite quality and a strong balance sheet, but stalling growth; the market is already moving on it. The score also carries a risk penalty for a bankruptcy-risk score in the grey zone. Business Quality: Elite; Financial Safety: Sound; Valuation: Full; Growth Durability: Shrinking; Momentum: Surging.

  • quarterly revenue $358M (Q2 FY2026, quarter ended Jun 30, 2026)
  • EPS beat 5 of 8
  • Altman Z 1.12 · Piotroski F 6

Holding back: soft growth

Helping: business quality, balance-sheet strength, positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for SWX (42 recorded, newest six shown)
RecordedScoreBand
78Strong
69Strong
70Strong
71Strong
70Strong
72Strong

The score moved from 71 in the stored Oct 24, 2026 snapshot to 72 in the current publication computed Oct 26, 2026 (+1); the largest pillar moves were Momentum +1.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$92.31
Change on the day+1.27%
52-week range$76.99–$94.47
Market capitalisation$6.69B
Price / earnings (trailing)12.69
Shares traded on the day489.7K
Beta (volatility vs the S&P 500)0.56
Dividends per share (last 12 months)$2.53
Dividend yield (last 12 months)2.74%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 26, 2025 to Oct 26, 2026: low $78, high $93, latest $92. 4 reported quarters marked, 3 above and 1 below the recorded estimate. $93 $78 high $93 Nov 5, 2025 · Earnings results · reported above the recorded estimate · close $801Feb 25, 2026 · Earnings results · reported below the recorded estimate · close $882May 5, 2026 · Earnings results · reported above the recorded estimate · close $903Aug 5, 2026 · Earnings results · reported above the recorded estimate · close $924 Sep 26, 2025 Oct 26, 2026 · $92 $78Sep 26, 2025$79Oct 10, 2025$82Oct 24, 2025$80Nov 7, 2025$80Nov 21, 2025$79Dec 5, 2025$81Dec 19, 2025$80Jan 2, 2026$86Jan 16, 2026$83Jan 30, 2026$88Feb 13, 2026$88Feb 27, 2026$88Mar 13, 2026$87Mar 27, 2026$93Apr 10, 2026$90Apr 24, 2026$90May 8, 2026$90May 22, 2026$89Jun 5, 2026$88Jun 18, 2026$90Jul 2, 2026$92Jul 17, 2026$89Jul 31, 2026$93Aug 14, 2026$89Aug 28, 2026$86Sep 11, 2026$82Sep 25, 2026$84Oct 9, 2026$91Oct 23, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · below the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

Dated events ahead, in order, not to scaleNov 4, 2026, Next results due; Nov 16, 2026, Ex-dividend date; Dec 1, 2026, Dividend payment date. Spacing is order only and carries no duration.Oct 26, 20261Nov 4, 20262Nov 16, 20263Dec 1, 2026
  1. Next results dueProvider estimate
  2. Ex-dividend dateCompany record
  3. Dividend payment dateCompany record

Chronological order, not a duration scale. The provider's estimated date can change.

What to watch next

Other perspectives

Council score for Southwest Gas Holdings (SWX): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

9-Factor Breakdown

Revenue Growth Neutral
Gross Margin Neutral
Operating Leverage Neutral
Cash Runway Neutral
R&D Intensity Neutral
Insider Activity Moderate
Trading Liquidity Neutral
Price Momentum Negative
News Sentiment Neutral

Legends Council

5 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Neutral read

Read on: Sep 11, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Undervalued
Profit Margin Strong
Revenue Growth Negative
Debt/Equity Weak
ROE Neutral
Gross Margin Moderate

Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 9, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.

Readings on this page are from Oct 27, 2026, except a card that shows its own read date.

Watch the SWX film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Southwest Gas Holdings (SWX), and what does it report?

Short answer · as of

Southwest Gas Holdings, Inc., operating through its various subsidiaries, is primarily engaged in the delivery and transportation of natural gas to customers across Arizona, Nevada, and California.

Research dated 2026-09-13.

While classified simply as a regulated gas provider, the enterprise generates a substantial portion of its top line by performing heavy construction and pipeline replacement for separate power and gas systems.

Revenue reflects the metered volume of natural gas delivered to residential and commercial customers alongside the completion milestones of large utility trenching contracts.

Because infrastructure services carry distinct margin profiles compared to regulated gas delivery, consolidated operating results fluctuate based on the mix of construction work completed during the period.

Sources (as of 2026-09-13): Sector / industry (provider taxonomy); Business description; Revenue by segment; Quarterly income statement (USD thousands)

2 · Latest results

What do the latest results show for Southwest Gas Holdings (SWX)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $358M.

Research dated 2026-09-13.

The latest reporting period revealed top-line generation falling short of analyst models, yet bottom-line profitability exceeded consensus estimates.

This divergence typically indicates improved cost controls or a shift toward higher-margin infrastructure service contracts even as overall project volumes slow.

Profitability metrics strengthened significantly from the prior sequential period, highlighting the seasonal nature of energy consumption alongside disciplined expense management.

Sources (as of 2026-09-13): Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Revenue by segment

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$358.15M Jun 30, 2026
Latest quarter · SG&A
$133.79M Jun 30, 2026
Latest quarter · FMP standardized operating result
$84.33M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$358.15MNot available$133.79M$84.33M
Mar 31, 2026$585.12MNot available$0.00$219.35M
Dec 31, 2025$480.74MNot available$0.00$158.67M
Sep 30, 2025$316.91MNot available−$2.09M$37.01M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$358.15M Aug 5, 2026
Latest report · revenue estimate
$416.20M Aug 5, 2026
Latest report · revenue vs estimate
Below estimate Aug 5, 2026
Latest report · EPS vs estimate
Above estimate Aug 5, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 5, 2026$358.15M$416.20M$0.5800$0.4509
May 5, 2026$585.12M$695.52M$1.9100$1.8800
Feb 25, 2026$480.74M$587.01M$1.3600$1.4000
Nov 5, 2025$316.91M$759.13M$3.7400$0.0900

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$358M$42M$0.58 (diluted)
Q1 FY2026$585M$138M$1.91 (diluted)
Q4 FY2025$481M$68M$0.94 (diluted)
Q3 FY2025$317M$270M$3.74 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Southwest Gas Holdings (SWX)?

Short answer

Cash and short-term investments were $270.52M at the Jun 30, 2026 balance-sheet date. Operating cash flow was $146.09M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-13.

The balance sheet carries substantial debt obligations typical of capital-intensive utility operators, with total liabilities far exceeding current liquid reserves.

Operations generate steady cash, but heavy capital expenditures consistently draw down those balances, leaving the enterprise reliant on continuous access to debt markets to maintain current expansion plans.

Any adverse regulatory ruling that caps utility rate increases would immediately strain this structure, potentially forcing a reduction in the regular shareholder distributions to preserve operating liquidity.

Sources (as of 2026-09-13): Cash, investments and debt; Operating cash flow by quarter (USD millions); Recent dividends paid; Trailing twelve-month ratio set

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$146.09M Jun 30, 2026
Previous quarter · operating cash flow
$162.14M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$146.09M−$320.40M
Mar 31, 2026$162.14M−$208.72M
Dec 31, 2025$92.46M−$595.11M
Sep 30, 2025$56.90M−$162.73M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Southwest Gas Holdings (SWX)?

Short answer · as of

The next earnings report is expected on Nov 4, 2026.

Research dated 2026-09-13.

The upcoming earnings release will test whether the recent trend of strong profitability amid falling revenue can be sustained.

Market watchers should also monitor the progression of institutional ownership and ongoing analyst sentiment, which has recently leaned toward favorable ratings actions following past financial restatements.

The consistency of upcoming dividend declarations will serve as the clearest signal of management confidence in ongoing capital stability.

Sources (as of 2026-09-13): Next earnings report; Analyst actions, most recent per firm; Recent SEC filings; Recent dividends paid

5 · Peer comparison

How does Southwest Gas Holdings compare with its peers?

Short answer

Southwest Gas Holdings's score ranks 4th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-13.

Traditional local distribution companies operate strictly as regulated monopolies delivering energy to end consumers.

This corporation differs by housing a substantial contracting division that competes for electrical grid and gas pipeline construction projects nationwide.

This paired structure means the stock trades partly on demographic growth in its core western utility territories and partly on national infrastructure upgrade cycles, exposing the business to competitive bidding pressures that pure-play utilities avoid.

Sources (as of 2026-09-13): Business description; Revenue by segment; Sector / industry (provider taxonomy)

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Enel Chile S.A. (ENIC) Named competitor$4.33 Oct 26, 2026$5.99B98 5-pillar Oct 26, 2026
UGI Corporation (UGI) Named competitor$39.11 Oct 26, 2026$8.39B94 5-pillar Oct 26, 2026
Atmos Energy Corporation (ATO) Same industry, near in market value$171.29 Oct 26, 2026$29.1B77 5-pillar Oct 26, 2026
Southwest Gas Holdings (SWX) — this page$92.31$6.69B72
New Jersey Resources Corporation (NJR) Same industry, near in market value$53.19 Oct 26, 2026$5.40B64 5-pillar Oct 26, 2026
Chesapeake Utilities Corporation (CPK) Same industry, near in market value$134.93 Oct 26, 2026$3.24B63 5-pillar Oct 26, 2026
ONE Gas, Inc. (OGS) Same industry, near in market value$78.36 Oct 26, 2026$4.93B60 5-pillar Oct 26, 2026
Suburban Propane Partners, L.P. (SPH) Same industry, near in market value$17.97 Oct 26, 2026$1.19B58 5-pillar Oct 26, 2026
CMS Energy Corporation (CMS) Named competitor$69.59 Oct 26, 2026$21.8B46 5-pillar Oct 26, 2026
TXNM Energy, Inc. (TXNM) Named competitor$58.40 Oct 26, 2026$6.43B45 5-pillar Oct 26, 2026
Northwest Natural Holding Company (NWN) Same industry, near in market value$49.92 Oct 26, 2026$2.10B45 5-pillar Oct 26, 2026
NiSource Inc. (NI) Same industry, near in market value$43.44 Oct 26, 2026$20.8B44 5-pillar Oct 26, 2026
Centuri Holdings, Inc. (CTRI) Same industry, near in market value$20.13 Oct 26, 2026$2.03B44 5-pillar Oct 26, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Utilities stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$95.00 – $106.00
Consensus target
$101.80
Median target
$103.00

Consensus record · Captured .

Measured against a quoted price of $92.31 (as of Oct 26, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 28, 2026

Transactions
3
Identified insiders
3
Purchases
0
Sales
1
Other transactions
2

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
94.1% Period end Jun 30, 2026
Previous quarter · ownership
90.0% Prior to period end Jun 30, 2026
Reporting holders
413 Period end Jun 30, 2026
Previous quarter · holders
399 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.11,181,201
Fmr LLC5,575,126
Vanguard Portfolio Management LLC3,973,510
Corvex Management LP3,208,538
Vanguard Capital Management LLC3,047,616

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Southwest Gas Holdings (SWX)?

Read these with our analysis →

SWX Utilities Stock FAQ

Research dated 2026-09-13; the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

How does a natural gas utility generate revenue from electrical power systems?

Through its utility infrastructure services division, the enterprise provides underground trenching and installation work for external electric grid operators. This segment functions as a standalone civil engineering contractor, entirely separate from the core natural gas delivery monopoly.

Sources (as of 2026-09-13): Business description; Revenue by segment; Annual revenue and net result (USD millions)

Have past regulatory filings shown reporting irregularities?

The corporation previously filed a notice of non-reliance regarding earlier financial statements, indicating that past reporting contained errors requiring correction. Subsequent reporting periods and leadership changes suggest the enterprise has implemented new accounting controls to prevent future restatements.

Sources (as of 2026-09-13): Recent SEC filings; Named officers; SEC Central Index Key

What drives the bottom line when gross pipeline revenue falls short of market models?

Infrastructure service projects carry variable profit profiles depending on contract terms and completion stages, allowing the bottom line to expand even if total contracting volume shrinks. Furthermore, cooler weather across western service territories can drive highly profitable residential heating consumption that offsets broader commercial slowdowns.

Sources (as of 2026-09-13): Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Business description

Does the cash position fully cover ongoing shareholder distributions?

Total liquid assets cover only a small portion of the outstanding long-term debt, meaning distributions rely heavily on continuous operating cash generation rather than static reserves. The high ratio of institutional ownership suggests major fund managers remain confident in this ongoing cash conversion cycle despite the heavily leveraged balance sheet.

Sources (as of 2026-09-13): Cash, investments and debt; Recent dividends paid; Institutional ownership (13F)

What is the SWX stock price today?

The last price recorded on this page for Southwest Gas Holdings, Inc. (SWX) is $92.31, as of the Oct 26, 2026 trading session (source: Financial Modeling Prep (FMP) quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the SWX price target?

The analyst consensus price target for Southwest Gas Holdings, Inc. (SWX) is $101.80 (range $95.00 to $106.00, median $103.00), per FMP data captured Oct 26, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Does SWX pay a dividend?

Yes. Southwest Gas Holdings, Inc. (SWX) shows a trailing 12-month dividend yield of 2.74%, as of Oct 26, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-13): Business description; Revenue by segment; Recent dividends paid

Sources — records for every figure on this page (81 figures)

The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 1 fact from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
id.hqSEC filing business addressC/O Southwest GAS Corporation, 8360 S. Durango Drive, LAS Vegas, NV, 89113OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "8360 South Durango Drive, Las Vegas, NV, 89113, US".

FMP — 71 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 4, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$92.31FMPFinancial Modeling Prep (FMP) quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time.
px.changeChange on the day+1.27%FMPFinancial Modeling Prep (FMP) quote
px.mcapMarket capitalization$6.69BFMPFinancial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-26. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$1.16FMPFinancial Modeling Prep (FMP) quote
fin.q_revenueRevenue, Q2 FY2026$358MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$76.99–$94.47FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)12.69FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day489.7KFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.56FMPFinancial Modeling Prep (FMP) company profile
id.business_summaryBusiness description (FMP excerpt)Southwest Gas Holdings, Inc., operating through its various subsidiaries, is primarily engaged in the delivery and transportation of natural gas to customers across Arizona, Nevada, and California.FMPFinancial Modeling Prep (FMP) company profile — Deterministic excerpt derived from id.description; source and date describe the input fact, not a new provider observation
id.ceoChief executiveJustin L. BrownFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees2,453FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $3.68B, net result $200.78M; FY2022 revenue $4.96B, net result −$203.29M; FY2023 revenue $5.43B, net result $150.89M; FY2024 revenue $5.11B, net result $198.82M; FY2025 revenue $1.94B, net result $439.83MFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsGas Infrastructure Services $1.46B · Electric Power Infrastructure Services $1.18BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)56.6%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$358.15MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$133.79MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30$84.33MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$585.12MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$0.00Period end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31$219.35MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$480.74MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$0.00Period end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$158.67MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$316.91MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30−$2.09MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$37.01MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-08-05.revenue_actualRevenue · reported — report date 2026-08-05$358.15MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.revenue_estimatedRevenue · estimate — report date 2026-08-05$416.20MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.eps_actualEPS · reported — report date 2026-08-05$0.5800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.eps_estimatedEPS · estimate — report date 2026-08-05$0.4509Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-05.revenue_actualRevenue · reported — report date 2026-05-05$585.12MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-05.revenue_estimatedRevenue · estimate — report date 2026-05-05$695.52MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-05.eps_actualEPS · reported — report date 2026-05-05$1.9100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-05.eps_estimatedEPS · estimate — report date 2026-05-05$1.8800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-25.revenue_actualRevenue · reported — report date 2026-02-25$480.74MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-25.revenue_estimatedRevenue · estimate — report date 2026-02-25$587.01MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-25.eps_actualEPS · reported — report date 2026-02-25$1.3600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-25.eps_estimatedEPS · estimate — report date 2026-02-25$1.4000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.revenue_actualRevenue · reported — report date 2025-11-05$316.91MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.revenue_estimatedRevenue · estimate — report date 2025-11-05$759.13MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.eps_actualEPS · reported — report date 2025-11-05$3.7400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.eps_estimatedEPS · estimate — report date 2025-11-05$0.0900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$270.52MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$146.09MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$181.41MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$3.51BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value1.60×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$146.09MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$162.14MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$320.40MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$208.72MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$92.46MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$595.11MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$56.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$162.73MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$95.00 – $106.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 26, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$101.80FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 26, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$103.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 26, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP3 transactions · 0 purchases, 1 sales, 2 other transactions · 3 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 28, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership94.1%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership90.0%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders413FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders399FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot11,181,201FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesFmr LLC — shares in provider snapshot5,575,126FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesVanguard Portfolio Management LLC — shares in provider snapshot3,973,510FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesCorvex Management LP — shares in provider snapshot3,208,538FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesVanguard Capital Management LLC — shares in provider snapshot3,047,616FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 5 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-26
fin.scoresDistress and quality screensAltman Z 1.12 · Piotroski F 6UNRECORDEDStored financial-scores observation — Captured 2026-10-25 · Expired observation

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments24.73×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $270.52M at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-26. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$2.53COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-26, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months2.74%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-08-05.revenue_actual.comparisonLatest report · revenue vs estimateBelow estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($358.15M) with the recorded estimate ($416.20M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-05.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.5800) with the recorded estimate ($0.4509) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v272 of 100 · Strong · pillars 93 / 77 / 59 / 15 / 86OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement71 (stored snapshot Oct 24, 2026) → 72 (current publication computed Oct 26, 2026) (+1)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-08-05. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-05.revenue_actual, earn.history.depth.2026-08-05.revenue_estimated, earn.history.depth.2026-08-05.revenue_actual.comparison, earn.history.depth.2026-08-05.eps_actual.comparison, earn.history.depth.2026-08-05.eps_actual, earn.history.depth.2026-08-05.eps_estimated, earn.history.depth.2026-05-05.revenue_actual, earn.history.depth.2026-05-05.revenue_estimated, earn.history.depth.2026-05-05.eps_actual, earn.history.depth.2026-05-05.eps_estimated, earn.history.depth.2026-02-25.revenue_actual, earn.history.depth.2026-02-25.revenue_estimated, earn.history.depth.2026-02-25.eps_actual, earn.history.depth.2026-02-25.eps_estimated, earn.history.depth.2025-11-05.revenue_actual, earn.history.depth.2025-11-05.revenue_estimated, earn.history.depth.2025-11-05.eps_actual, earn.history.depth.2025-11-05.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-13

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
Southwest Gas Holdings, Inc., operating through its various subsidiaries, is primarily engaged in the delivery and transportation of natural gas to customers across Arizona, Nevada, and California. The company's operations are segmented into Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage. Beyond its core gas services, it also offers specialized utility infrastructure support, including trenching, the installation and replacement of subterranean pipelines, and ongoing maintenance for energy distribution networks. As of December 31, 2021, its extensive customer base totaled 2,159,000, serving residential, commercial, industrial, and other natural gas consumers. Founded in 1931, the company maintains its corporate headquarters in Las Vegas, Nevada.
2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Gas Infrastructure Services: $1.46B; Electric Power Infrastructure Services: $1.18B
2024-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Recent dividends paid
Captured record · 4 entries
  • Ex date: 2026-08-17, Payment date: 2026-09-01, Amount per share: $0.65
  • Ex date: 2026-05-15, Payment date: 2026-06-01, Amount per share: $0.65
  • Ex date: 2026-02-17, Payment date: 2026-03-02, Amount per share: $0.62
  • Ex date: 2025-11-17, Payment date: 2025-12-01, Amount per share: $0.62

Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here.

2026-08-17FMPFinancial Modeling Prep (FMP) dividend history
Sector / industry (provider taxonomy)
Utilities / Regulated Gas

The company's SEC filings classify it under SIC 4923 — Natural Gas Transmisison & Distribution.

2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $0.58 per share, SG&A: $133.79M, EPS basic: $0.58 per share, EPS basis: diluted, Revenue: $358.15M, EPS diluted: $0.58 per share, Net result: $42.12M, Gross profit: $319.71M, Operating result: $84.33M
  • Quarter ended 2026-03-31 — EPS: $1.91 per share, SG&A: $0, EPS basic: $1.91 per share, EPS basis: diluted, Revenue: $585.12M, EPS diluted: $1.91 per share, Net result: $138.37M, Gross profit: $343.96M, Operating result: $219.35M
  • Quarter ended 2025-12-31 — EPS: $0.94 per share, SG&A: $0, EPS basic: $0.94 per share, EPS basis: diluted, Revenue: $480.74M, EPS diluted: $0.94 per share, Net result: $68.36M, Gross profit: $182.36M, Operating result: $158.67M
  • Quarter ended 2025-09-30 — EPS: $3.74 per share, SG&A: -$2.09M, EPS basic: $3.75 per share, EPS basis: diluted, Revenue: $316.91M, EPS diluted: $3.74 per share, Net result: $270.48M, Gross profit: $139.45M, Operating result: $37.01M
  • Quarter ended 2025-06-30 — EPS: -$0.18 per share, SG&A: -$260,000, EPS basic: -$0.18 per share, EPS basis: diluted, Revenue: $1.12B, EPS diluted: -$0.18 per share, Net result: -$12.88M, Gross profit: $221.87M, Operating result: $95.46M
  • Quarter ended 2025-03-31 — EPS: $1.58 per share, SG&A: $107,000, EPS basic: $1.58 per share, EPS basis: diluted, Revenue: $1.30B, EPS diluted: $1.58 per share, Net result: $113.87M, Gross profit: $352.10M, Operating result: $200.42M
  • Quarter ended 2024-12-31 — EPS: $1.28 per share, SG&A: $27,000, EPS basic: $1.29 per share, EPS basis: diluted, Revenue: $1.27B, EPS diluted: $1.28 per share, Net result: $92.46M, Gross profit: $319.36M, Operating result: $180.94M
  • Quarter ended 2024-09-30 — EPS: $0.004 per share, SG&A: $66,000, EPS basic: $0.004 per share, EPS basis: diluted, Revenue: $359.13M, EPS diluted: $0.004 per share, Net result: $289,000, Gross profit: $116.56M, Operating result: $20.12M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-05 — EPS actual: $0.58 per share, EPS estimated: $0.4509 per share, Revenue actual: $358.15M, Revenue estimated: $416.20M
  • Reported 2026-05-05 — EPS actual: $1.91 per share, EPS estimated: $1.88 per share, Revenue actual: $585.12M, Revenue estimated: $695.52M
  • Reported 2026-02-25 — EPS actual: $1.36 per share, EPS estimated: $1.4 per share, Revenue actual: $480.74M, Revenue estimated: $587.01M
  • Reported 2025-11-05 — EPS actual: $3.74 per share, EPS estimated: $0.09 per share, Revenue actual: $316.91M, Revenue estimated: $759.13M
  • Reported 2025-08-06 — EPS actual: $0.18 per share, EPS estimated: $0.42 per share, Revenue actual: $1.12B, Revenue estimated: $1.17B
  • Reported 2025-05-12 — EPS actual: $1.58 per share, EPS estimated: $1.46 per share, Revenue actual: $1.30B, Revenue estimated: $1.50B
  • Reported 2025-02-26 — EPS actual: $1.29 per share, EPS estimated: $1.15 per share, Revenue actual: $1.27B, Revenue estimated: $1.35B
  • Reported 2024-11-06 — EPS actual: $0.09 per share, EPS estimated: $0.15 per share, Revenue actual: $1.08B, Revenue estimated: $1.12B
2026-08-05FMPFinancial Modeling Prep (FMP) earnings
Cash, investments and debt
Total debt: $3.51B; Liquidity basis: cash and short-term investments; Total liabilities: $6.35B; Cash and short-term investments: $270.52M; Cash and investments: $451.90M; Long-term investments: $181.41M; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$320.40M, Operating cash flow: $146.09M
  • Quarter ended 2026-03-31 — Capital expenditure: -$208.72M, Operating cash flow: $162.14M
  • Quarter ended 2025-12-31 — Capital expenditure: -$595.11M, Operating cash flow: $92.46M
  • Quarter ended 2025-09-30 — Capital expenditure: -$162.73M, Operating cash flow: $56.90M
  • Quarter ended 2025-06-30 — Capital expenditure: -$220.12M, Operating cash flow: $126.34M
  • Quarter ended 2025-03-31 — Capital expenditure: -$187.50M, Operating cash flow: $291.27M
  • Quarter ended 2024-12-31 — Capital expenditure: -$236.11M, Operating cash flow: $201.44M
  • Quarter ended 2024-09-30 — Capital expenditure: -$265.31M, Operating cash flow: $304.05M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Trailing twelve-month ratio set
Quick ratio: 0.99; Current ratio: 1.12; Debt to equity: 0.85; Net margin: 29.8%; Gross margin: 56.6%; Operating margin: 28.7%; Return on assets: 5%; Return on equity: 12.9%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-13FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Next earnings report
Date: 2026-11-04; EPS estimate: $0.16 per share; Revenue estimate: $347.01M

The date is our provider's estimate until the company confirms it.

2026-09-13FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst actions, most recent per firm
Captured record · 10 entries
  • 2026-08-07 — Firm: Wells Fargo, Action: maintain, Rating: Overweight, Previous rating: Overweight
  • 2026-06-09 — Firm: Mizuho, Action: maintain, Rating: Outperform, Previous rating: Outperform
  • 2026-05-07 — Firm: JP Morgan, Action: upgrade, Rating: Overweight, Previous rating: Neutral
  • 2026-05-06 — Firm: Citigroup, Action: maintain, Rating: Buy, Previous rating: Buy
  • 2025-09-10 — Firm: Jefferies, Action: maintain, Rating: Buy, Previous rating: Buy
  • 2025-08-29 — Firm: B of A Securities, Action: upgrade, Rating: Buy, Previous rating: Neutral
  • 2023-03-06 — Firm: RBC Capital, Action: downgrade, Rating: Underweight, Previous rating: Sector Perform
  • 2022-06-09 — Firm: Argus Research, Action: upgrade, Rating: Buy, Previous rating: Hold
  • 2020-04-01 — Firm: UBS, Action: upgrade, Rating: Buy, Previous rating: Neutral
  • 2018-07-30 — Firm: Bank of America, Action: downgrade, Rating: Underperform, Previous rating: Neutral

One row per firm — the firm's most recent action in our feed. Other data vendors may carry firms ours does not.

2026-08-07FMPFinancial Modeling Prep (FMP) analyst grades
Recent SEC filings2026-08-05OFFICIALSEC EDGAR filer submissions
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $0, Revenue: $1.94B, Period end: 2025-12-31, Net result: $439.83M
  • FY2024 — R&D: $0, Revenue: $5.11B, Period end: 2024-12-31, Net result: $198.82M
  • FY2023 — R&D: $0, Revenue: $5.43B, Period end: 2023-12-31, Net result: $150.89M
  • FY2022 — R&D: $0, Revenue: $4.96B, Period end: 2022-12-31, Net result: -$203.29M
  • FY2021 — R&D: $0, Revenue: $3.68B, Period end: 2021-12-31, Net result: $200.78M
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Named officers
CEO: Justin L. Brown; Officers: Fabio A. Pineda — Title: Vice President, Controller & Chief Accounting Officer, Born: 1982; Justin L. Brown — Title: President, Chief Executive Officer & Director, Pay: $1.28M, Born: 1973; Justin S. Forsberg — Title: CFO, Treasurer & Senior VP, Pay: $900,356; Tyler Franek — Title: Manager of Investor Relations; Catherine Mazzeo — Title: Senior Vice President, Chief Legal, Safety & Compliance Officer and Corporate Secretary, Pay: $863,744, Born: 1977; Karen S. Haller — Title: Advisor, Pay: $3.15M, Born: 1964

Titles and pay come from the company's proxy statement as our provider parsed it.

2026-09-13FMPFinancial Modeling Prep (FMP) key executives (proxy-derived)
SEC Central Index Key
0001692115
2026-09-13OFFICIALSEC EDGAR filer record
Institutional ownership (13F)
Holders: 413; Quarter: 2026-06-30; Ownership: 94.1%; Holders previous quarter: 399; Ownership previous quarter: 90

13F filings are quarterly and lag the quarter end by up to 45 days.

2026-06-30FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold SWX

Funds in our ETF coverage that list SWX among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
IVSS ETF1.49%