Southwest Gas Holdings, Inc. (SWX) Gross Margin (2009 - 2025)
Southwest Gas Holdings (SWX) recorded Gross Margin of 100.00% in Q2 2025, up 51.14 percentage points from 48.86% a year earlier and up 70.81 percentage points from the prior quarter.
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Analysis
Southwest Gas Holdings, Inc. (SWX) Gross Margin (2009 - 2025) Analysis & Trends
On a TTM basis, Southwest Gas Holdings' Gross Margin came in at 11.26% as of Jun 30, 2025, down 40.49 percentage points year-over-year; for FY2024, it was 2.43%, up 5.69 percentage points from FY2023.
- Annual Gross Margin has a five-year change of -47.15 percentage points (FY2019 to FY2024).
- Across earlier years, Gross Margin came in at -3.26% in FY2023 (-52.27 pp), 49.01% in FY2022 (+2.14 pp), 46.87% in FY2021 (-0.71 pp) and 47.58% in FY2020 (-2.00 pp).
- The Q2 2025 figure is the highest quarterly Gross Margin in data going back to Q4 2009.
- Per Business Quant, the preceding three quarters came in at 29.19% (Q1 2025), -17.53% (Q4 2024) and -79.58% (Q3 2024).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | -65.95% |
| Mar 31, 2025 | 29.19% |
| Dec 31, 2024 | -17.53% |
| Sep 30, 2024 | -79.58% |
| Jun 30, 2024 | 48.86% |
| Mar 31, 2024 | 67.38% |
| Sep 30, 2023 | 41.37% |
| Jun 30, 2023 | 44.67% |
| Mar 31, 2023 | 62.35% |
| Sep 30, 2022 | 39.58% |
| Jun 30, 2022 | 43.62% |
| Mar 31, 2022 | 60.29% |
| Sep 30, 2021 | 36.17% |
| Jun 30, 2021 | 41.73% |
| Mar 31, 2021 | 62.12% |
| Sep 30, 2020 | 36.43% |
| Jun 30, 2020 | 43.19% |
| Mar 31, 2020 | 61.82% |
| Sep 30, 2019 | 37.73% |
| Jun 30, 2019 | 43.59% |
API Access
Southwest Gas Holdings, Inc. Gross 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=gross-margin&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();