SWX Q4 2025 Earnings — Southwest Gas Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SWXSouthwest Gas Holdings, Inc.

$6B

Q4 2025 Earnings

Utilities Regulated Gas

Income Statement

Revenue

$481M-62.2% YoY

Gross Profit

$182M37.9% margin

Operating Income

$159M33.0% margin

Net Income

$68M14.2% margin

EPS (Diluted)

$0.94

QoQ Revenue Growth

+51.7%

Cash Flow

Operating Cash Flow

$92M

Free Cash Flow

-$503M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$6.5B

Stockholders' Equity

$4.0B

Cash & Equivalents

$577M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$481M	$1.3B	-62.2%
Gross Profit	$182M	$319M	-42.9%
Operating Income	$159M	$181M	-12.3%
Net Income	$68M	$92M	-26.1%