Southwest Gas Holdings (SWX) Invested Capital (2009 - 2026)
Southwest Gas Holdings' Invested Capital came in at $7.54 billion for Q2 2026, down 11.3% from $8.49 billion a year earlier and unchanged from the prior quarter.
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Analysis
Southwest Gas Holdings (SWX) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Southwest Gas Holdings' Invested Capital was $7.39 billion, up 2.8% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 5.8% (FY2020 to FY2025).
- Going back by year, Invested Capital was $7.19 billion in FY2024 (-10.4%), $8.02 billion in FY2023 (+5.3%), $7.62 billion in FY2022 (+4.9%) and $7.27 billion in FY2021 (+30.4%).
- The five-year range for quarterly Invested Capital is $7.19 billion (Q4 2024) to $8.74 billion (Q2 2024).
- Year-over-year, Invested Capital increased in two of the last seven quarters, with an average decline of 5.2%.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2021 (growth of 30.4%), and the weakest in Q2 2026 (a decline of 11.3%).
- Business Quant data shows SWX's Invested Capital at $7.54 billion (Q1 2026), $7.39 billion (Q4 2025) and $7.33 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 287.73 Bn | 287.73 Bn | 890.00 Mn | - |
| 2 | Nextera Energy | 160.25 Bn | 161.15 Bn | - | 176.56 Bn |
| 3 | Southern | 96.31 Bn | 87.36 Bn | 5.92 Bn | 133.48 Bn |
| 4 | Duke Energy | 88.79 Bn | 87.40 Bn | 6.74 Bn | 146.72 Bn |
| 5 | National Grid | 79.16 Bn | 60.69 Bn | - | 46.75 Bn |
| 6 | American Electric Power | 65.09 Bn | 63.47 Bn | 3.84 Bn | 86.13 Bn |
| 7 | Dominion Energy | 53.95 Bn | 56.63 Bn | - | 86.84 Bn |
| 8 | Sempra | 51.22 Bn | 50.35 Bn | 2.89 Bn | 76.66 Bn |
| 9 | Entergy | 47.09 Bn | 36.28 Bn | - | 52.95 Bn |
| 10 | Southwest Gas Holdings | 5.99 Bn | 3.88 Bn | - | 7.54 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.54 Bn |
| Mar 31, 2026 | 7.54 Bn |
| Dec 31, 2025 | 7.39 Bn |
| Sep 30, 2025 | 7.33 Bn |
| Jun 30, 2025 | 8.49 Bn |
| Mar 31, 2025 | 8.09 Bn |
| Dec 31, 2024 | 7.19 Bn |
| Sep 30, 2024 | 8.02 Bn |
| Jun 30, 2024 | 8.74 Bn |
| Mar 31, 2024 | 8.01 Bn |
| Dec 31, 2023 | 8.02 Bn |
| Sep 30, 2023 | 8.62 Bn |
| Jun 30, 2023 | 8.71 Bn |
| Mar 31, 2023 | 8.00 Bn |
| Dec 31, 2022 | 7.62 Bn |
| Sep 30, 2022 | 9.39 Bn |
| Jun 30, 2022 | 8.17 Bn |
| Mar 31, 2022 | 8.18 Bn |
| Dec 31, 2021 | 7.27 Bn |
| Sep 30, 2021 | 6.67 Bn |
API Access
Southwest Gas Holdings Invested Capital 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=invested-capital&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();