Southwest Gas Holdings (SWX) Return on Equity [ROE] (2010 - 2026)
Southwest Gas Holdings' Return on Equity [ROE] was 13.23% in Q2 2026, up 8.92 percentage points from 4.30% a year earlier and up 1.71 percentage points from the prior quarter.
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Analysis
Southwest Gas Holdings (SWX) Return on Equity [ROE] (2010 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at Southwest Gas Holdings came in at 11.39%, up 5.53 percentage points from FY2024.
- Return on Equity [ROE] has now increased for three consecutive years, with a five-year change of +2.36 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was 5.86% in FY2024 (+1.11 pp), 4.75% in FY2023 (+10.86 pp), -6.11% in FY2022 (-13.18 pp) and 7.07% in FY2021 (-1.96 pp).
- The Q2 2026 figure marks the highest quarterly Return on Equity [ROE] in data going back to Q4 2010.
- Compared with a year earlier, Return on Equity [ROE] has increased for six straight quarters, with an average year-over-year change of +4.77 percentage points over the last six quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q2 2026 (a gain of 8.92 percentage points); the worst was Q4 2022 (a drop of 6.32 percentage points).
- Per Business Quant data, SWX's Return on Equity [ROE] in the three quarters before Q2 2026 was 11.52% (Q1 2026), 11.08% (Q4 2025) and 10.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 172.18 Bn | 170.30 Bn | - | 13.86% |
| 2 | Southern | 106.86 Bn | 97.91 Bn | 5.92 Bn | 9.25% |
| 3 | Duke Energy | 97.23 Bn | 95.83 Bn | 6.74 Bn | 9.58% |
| 4 | National Grid | 85.13 Bn | 57.46 Bn | - | - |
| 5 | American Electric Power | 70.60 Bn | 68.98 Bn | 3.84 Bn | 9.61% |
| 6 | Dominion Energy | 57.38 Bn | 60.06 Bn | - | 7.43% |
| 7 | Sempra | 54.97 Bn | 54.10 Bn | 2.89 Bn | 6.86% |
| 8 | Entergy | 50.09 Bn | 39.27 Bn | - | 10.17% |
| 9 | Xcel Energy | 48.73 Bn | 43.64 Bn | - | 9.33% |
| 10 | Southwest Gas Holdings | 6.60 Bn | 4.49 Bn | - | 13.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.23% |
| Mar 31, 2026 | 11.52% |
| Dec 31, 2025 | 11.08% |
| Sep 30, 2025 | 10.68% |
| Jun 30, 2025 | 4.30% |
| Mar 31, 2025 | 6.09% |
| Dec 31, 2024 | 5.60% |
| Sep 30, 2024 | 3.13% |
| Jun 30, 2024 | 4.04% |
| Mar 31, 2024 | 5.08% |
| Sep 30, 2023 | 2.17% |
| Jun 30, 2023 | 1.85% |
| Mar 31, 2023 | 4.01% |
| Sep 30, 2022 | 2.05% |
| Jun 30, 2022 | 3.12% |
| Mar 31, 2022 | 7.24% |
| Sep 30, 2021 | 8.37% |
| Jun 30, 2021 | 9.66% |
| Mar 31, 2021 | 10.45% |
| Dec 31, 2020 | 9.03% |
API Access
Southwest Gas Holdings Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=SWX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=SWX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();