Southwest Gas Holdings (SWX) EBIT Margin (2009 - 2026)
Southwest Gas Holdings (SWX) recorded EBIT Margin of 23.54% in Q2 2026, up 7.27 percentage points from 16.27% a year earlier but down 13.94 percentage points from the prior quarter.
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Analysis
Southwest Gas Holdings (SWX) EBIT Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Southwest Gas Holdings' EBIT Margin came in at 28.68% as of Jun 30, 2026, up 6.84 percentage points year-over-year; for FY2025, it was 24.42%, up 8.00 percentage points from FY2024.
- Annual EBIT Margin has increased for three straight years, with a five-year change of +11.60 percentage points (FY2020 to FY2025).
- Across earlier years, EBIT Margin came in at 16.42% in FY2024 (+4.86 pp), 11.56% in FY2023 (+12.05 pp), -0.49% in FY2022 (-10.53 pp) and 10.04% in FY2021 (-2.78 pp).
- Quarterly EBIT Margin has ranged from 2.62% in Q4 2021 to 37.49% in Q1 2026 over the past five years.
- On a year-over-year basis, EBIT Margin has increased for six consecutive quarters, with an average year-over-year change of +9.31 percentage points over the last six quarters.
- The year-over-year gain in EBIT Margin has ranged between 0.71 percentage points (Q4 2023) and 18.63 percentage points (Q1 2025) over the last five years.
- Per Business Quant, the preceding three quarters came in at 37.49% (Q1 2026), 33.00% (Q4 2025) and 11.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 287.73 Bn | 287.73 Bn | 890.00 Mn | 30.20% |
| 2 | Nextera Energy | 160.25 Bn | 161.15 Bn | - | 29.71% |
| 3 | Southern | 96.31 Bn | 87.36 Bn | 5.92 Bn | 25.46% |
| 4 | Duke Energy | 88.79 Bn | 87.40 Bn | 6.74 Bn | 29.69% |
| 5 | National Grid | 79.16 Bn | 60.69 Bn | - | - |
| 6 | American Electric Power | 65.09 Bn | 63.47 Bn | 3.84 Bn | 22.90% |
| 7 | Dominion Energy | 53.95 Bn | 56.63 Bn | - | 7.34% |
| 8 | Sempra | 51.22 Bn | 50.35 Bn | 2.89 Bn | 23.72% |
| 9 | Entergy | 47.09 Bn | 36.28 Bn | - | 24.13% |
| 10 | Southwest Gas Holdings | 5.99 Bn | 3.88 Bn | - | 23.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.54% |
| Mar 31, 2026 | 37.49% |
| Dec 31, 2025 | 33.00% |
| Sep 30, 2025 | 11.68% |
| Jun 30, 2025 | 16.27% |
| Mar 31, 2025 | 28.63% |
| Dec 31, 2024 | 27.22% |
| Sep 30, 2024 | 5.60% |
| Jun 30, 2024 | 7.04% |
| Mar 31, 2024 | 10.00% |
| Sep 30, 2023 | 5.15% |
| Jun 30, 2023 | 6.55% |
| Mar 31, 2023 | 8.43% |
| Sep 30, 2022 | 4.44% |
| Jun 30, 2022 | 3.98% |
| Mar 31, 2022 | 13.29% |
| Sep 30, 2021 | 2.62% |
| Jun 30, 2021 | 7.22% |
| Mar 31, 2021 | 19.58% |
| Dec 31, 2020 | 16.72% |
API Access
Southwest Gas Holdings EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "SWX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();