Southwest Gas Holdings, Inc. (SWX) Net Margin (2009 - 2026)
Southwest Gas Holdings (SWX) reported Net Margin of 11.76% for Q2 2026, up 21.89 percentage points from -10.13% a year earlier but down 11.89 percentage points from the prior quarter.
Powered by 
Analysis
Southwest Gas Holdings, Inc. (SWX) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Southwest Gas Holdings' Net Margin came in at 31.40%, up 23.30 percentage points year-over-year; for FY2025, it was 22.67%, up 14.63 percentage points from FY2024.
- Net Margin has increased for three consecutive years, with a five-year change of +15.62 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 8.03% in FY2024 (+2.08 pp), 5.95% in FY2023 (+10.05 pp), -4.10% in FY2022 (-9.55 pp) and 5.46% in FY2021 (-1.59 pp).
- Five-year quarterly Net Margin spans a low of -10.13% in Q2 2025 and a high of 82.87% in Q3 2025.
- Year over year, Net Margin has now increased in each of the last four quarters, with an average year-over-year change of +19.32 percentage points over the last six quarters.
- The high point for year-over-year Net Margin in five years was Q3 2025 (a gain of 82.79 percentage points); the low point was Q2 2025 (a drop of 11.68 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 23.65% (Q1 2026), 21.52% (Q4 2025) and 82.87% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.76% |
| Mar 31, 2026 | 23.65% |
| Dec 31, 2025 | 21.52% |
| Sep 30, 2025 | 82.87% |
| Jun 30, 2025 | -10.13% |
| Mar 31, 2025 | 15.26% |
| Dec 31, 2024 | 16.72% |
| Sep 30, 2024 | 0.08% |
| Jun 30, 2024 | 1.55% |
| Mar 31, 2024 | 5.55% |
| Sep 30, 2023 | 0.28% |
| Jun 30, 2023 | 2.23% |
| Mar 31, 2023 | 2.86% |
| Sep 30, 2022 | -1.09% |
| Jun 30, 2022 | -0.57% |
| Mar 31, 2022 | 7.59% |
| Sep 30, 2021 | -1.30% |
| Jun 30, 2021 | 3.06% |
| Mar 31, 2021 | 13.24% |
| Dec 31, 2020 | 11.33% |
API Access
Southwest Gas Holdings, Inc. Net 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=net-margin&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();