Southwest Gas Holdings, Inc. (SWX) EBT Margin (2009 - 2026)
Southwest Gas Holdings' EBT Margin was 14.40% in Q2 2026, up 7.03 percentage points from 7.37% a year earlier but down 17.15 percentage points from the prior quarter.
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Analysis
Southwest Gas Holdings, Inc. (SWX) EBT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Southwest Gas Holdings' EBT Margin was 21.22% through Jun 30, 2026, up 7.48 percentage points year-over-year; for FY2025, it was 17.05%, up 6.78 percentage points from FY2024.
- EBT Margin has now increased for three consecutive years, with a five-year change of +7.81 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 10.27% in FY2024 (+3.58 pp), 6.68% in FY2023 (+12.19 pp), -5.51% in FY2022 (-12.22 pp) and 6.71% in FY2021 (-2.53 pp).
- Quarterly EBT Margin has moved between -4.76% (Q3 2024) and 31.55% (Q1 2026) over five years.
- Compared with a year earlier, EBT Margin has increased for six straight quarters, with an average year-over-year change of +8.62 percentage points over the last six quarters.
- The year-over-year gain in EBT Margin has ranged between 0.11 percentage points (Q4 2022) and 15.96 percentage points (Q1 2025) over the last five years.
- Per Business Quant data, SWX's EBT Margin in the three quarters before Q2 2026 was 31.55% (Q1 2026), 27.00% (Q4 2025) and 1.06% (Q3 2025).
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.40% |
| Mar 31, 2026 | 31.55% |
| Dec 31, 2025 | 27.00% |
| Sep 30, 2025 | 1.06% |
| Jun 30, 2025 | 7.37% |
| Mar 31, 2025 | 22.57% |
| Dec 31, 2024 | 18.39% |
| Sep 30, 2024 | -4.76% |
| Jun 30, 2024 | 2.06% |
| Mar 31, 2024 | 6.62% |
| Sep 30, 2023 | 0.23% |
| Jun 30, 2023 | 2.71% |
| Mar 31, 2023 | 4.76% |
| Sep 30, 2022 | -1.14% |
| Jun 30, 2022 | -0.91% |
| Mar 31, 2022 | 9.58% |
| Sep 30, 2021 | -1.25% |
| Jun 30, 2021 | 3.90% |
| Mar 31, 2021 | 16.92% |
| Dec 31, 2020 | 16.72% |
API Access
Southwest Gas Holdings, Inc. EBT 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=ebt-margin&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();