Southwest Gas Holdings, Inc. (SWX) EBITDA Margin (2009 - 2026)
Southwest Gas Holdings (SWX) posted EBITDA Margin of 45.28% for Q2 2026, up 11.61 percentage points from 33.67% a year earlier but down 9.23 percentage points from the prior quarter.
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Southwest Gas Holdings, Inc. (SWX) EBITDA Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Southwest Gas Holdings was 48.53%, up 11.15 percentage points year-over-year; for FY2025, it came in at 41.47%, up 12.80 percentage points from FY2024.
- Annual EBITDA Margin has increased for three consecutive years, with a five-year change of +18.58 percentage points (FY2020 to FY2025).
- In prior years, Southwest Gas Holdings' EBITDA Margin was 28.67% in FY2024 (+5.45 pp), 23.22% in FY2023 (+14.22 pp), 8.99% in FY2022 (-11.13 pp) and 20.12% in FY2021 (-2.77 pp).
- Quarterly EBITDA Margin has run from a low of 12.90% in Q4 2021 to a high of 54.51% in Q1 2026 over five years.
- On a year-over-year basis, EBITDA Margin has increased in each of the last six quarters, with an average year-over-year change of +14.48 percentage points over the last six quarters.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q1 2025, with a gain of 23.65 percentage points; the weakest was Q4 2021, with a drop of 4.08 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 54.51% (Q1 2026), 51.52% (Q4 2025) and 36.63% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.28% |
| Mar 31, 2026 | 54.51% |
| Dec 31, 2025 | 51.52% |
| Sep 30, 2025 | 36.63% |
| Jun 30, 2025 | 33.67% |
| Mar 31, 2025 | 41.18% |
| Dec 31, 2024 | 42.12% |
| Sep 30, 2024 | 26.25% |
| Jun 30, 2024 | 15.17% |
| Mar 31, 2024 | 17.54% |
| Sep 30, 2023 | 14.17% |
| Jun 30, 2023 | 15.19% |
| Mar 31, 2023 | 15.45% |
| Sep 30, 2022 | 14.83% |
| Jun 30, 2022 | 13.41% |
| Mar 31, 2022 | 22.97% |
| Sep 30, 2021 | 12.90% |
| Jun 30, 2021 | 17.30% |
| Mar 31, 2021 | 30.13% |
| Sep 30, 2020 | 16.99% |
API Access
Southwest Gas Holdings, Inc. EBITDA 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=ebitda-margin&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-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=ebitda-margin&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();