Southwest Gas Holdings (SWX) FCF Margin (2010 - 2026)
Southwest Gas Holdings' FCF Margin came in at -48.67% for Q2 2026, down 33.03 percentage points from -15.64% a year earlier and down 40.71 percentage points from the prior quarter.
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Analysis
Southwest Gas Holdings (SWX) FCF Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Southwest Gas Holdings reported FCF Margin of -28.76%, down 37.01 percentage points year-over-year; for FY2025, it was -11.01%, down 31.59 percentage points from FY2024.
- FCF Margin carries a five-year change of -4.98 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 20.57% in FY2024 (+30.70 pp), -10.13% in FY2023 (-1.01 pp), -9.11% in FY2022 (+7.31 pp) and -16.42% in FY2021 (-10.38 pp).
- The Q2 2026 figure represents the lowest quarterly FCF Margin in data going back to Q1 2024.
- Year-over-year, FCF Margin has declined for six consecutive quarters, with an average year-over-year change of -30.82 percentage points over the last six quarters.
- Business Quant data shows SWX's FCF Margin at -7.96% (Q1 2026), -31.72% (Q4 2025) and -40.17% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 287.73 Bn | 287.73 Bn | 890.00 Mn | - |
| 2 | Nextera Energy | 160.25 Bn | 161.15 Bn | - | 61.88% |
| 3 | Southern | 96.31 Bn | 87.36 Bn | 5.92 Bn | -9.19% |
| 4 | Duke Energy | 88.79 Bn | 87.40 Bn | 6.74 Bn | -28.07% |
| 5 | National Grid | 79.16 Bn | 60.69 Bn | - | - |
| 6 | American Electric Power | 65.09 Bn | 63.47 Bn | 3.84 Bn | -16.05% |
| 7 | Dominion Energy | 53.95 Bn | 56.63 Bn | - | -26.81% |
| 8 | Sempra | 51.22 Bn | 50.35 Bn | 2.89 Bn | -30.63% |
| 9 | Entergy | 47.09 Bn | 36.28 Bn | - | -25.14% |
| 10 | Southwest Gas Holdings | 5.99 Bn | 3.88 Bn | - | -48.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -48.67% |
| Mar 31, 2026 | -7.96% |
| Dec 31, 2025 | -31.72% |
| Sep 30, 2025 | -40.17% |
| Jun 30, 2025 | -15.64% |
| Mar 31, 2025 | 17.17% |
| Dec 31, 2024 | -0.26% |
| Sep 30, 2024 | 29.19% |
| Jun 30, 2024 | 7.04% |
| Mar 31, 2024 | 20.40% |
| Mar 31, 2023 | -25.25% |
| Mar 31, 2022 | 1.88% |
| Mar 31, 2021 | -23.16% |
| Mar 31, 2020 | 7.28% |
| Mar 31, 2019 | -2.71% |
| Mar 31, 2018 | 3.45% |
| Mar 31, 2017 | 7.03% |
| Mar 31, 2016 | 27.62% |
| Mar 31, 2015 | 17.96% |
| Mar 31, 2014 | 10.70% |
API Access
Southwest Gas Holdings FCF 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=fcf-margin&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();