Southwest Gas Holdings, Inc. (SWX) Return on Capital Employed [ROCE] (2010 - 2026)
Southwest Gas Holdings (SWX) recorded Return on Capital Employed [ROCE] of 5.17% in Q2 2026, up 0.98 percentage points from 4.18% a year earlier and up 0.22 percentage points from the prior quarter.
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Analysis
Southwest Gas Holdings, Inc. (SWX) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Southwest Gas Holdings reported Return on Capital Employed [ROCE] of 4.59%, down 0.01 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of -0.92 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 4.60% in FY2024 (+1.29 pp), 3.30% in FY2023 (+3.55 pp), -0.25% in FY2022 (-4.62 pp) and 4.37% in FY2021 (-1.14 pp).
- The Q2 2026 figure is the highest quarterly Return on Capital Employed [ROCE] since Q4 2020.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for five consecutive quarters, with an average year-over-year change of +0.65 percentage points over the last six quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 1.34 percentage points in Q3 2025, against a drop of 2.44 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.95% (Q1 2026), 5.02% (Q4 2025) and 4.48% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.17% |
| Mar 31, 2026 | 4.95% |
| Dec 31, 2025 | 5.02% |
| Sep 30, 2025 | 4.48% |
| Jun 30, 2025 | 4.18% |
| Mar 31, 2025 | 4.55% |
| Dec 31, 2024 | 4.06% |
| Sep 30, 2024 | 3.15% |
| Jun 30, 2024 | 3.56% |
| Mar 31, 2024 | 4.95% |
| Sep 30, 2023 | 3.05% |
| Jun 30, 2023 | 2.92% |
| Mar 31, 2023 | 3.67% |
| Sep 30, 2022 | 2.46% |
| Jun 30, 2022 | 2.76% |
| Mar 31, 2022 | 4.09% |
| Sep 30, 2021 | 4.90% |
| Jun 30, 2021 | 5.70% |
| Mar 31, 2021 | 5.75% |
| Dec 31, 2020 | 5.51% |
API Access
Southwest Gas Holdings, Inc. Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();