SWXSouthwest Gas Holdings, Inc.
Natural Gas Transmisison & Distribution
- Revenue
- —
- Operating margin
- —
- EBITDA
- $805M
- 13% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.6×
- $456M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear126% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear32% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.5B | $5.0B | $5.4B | — | — | |
| Operating income | $370M | −$24M | $293M | $406M | $474M | 17% |
| Net income | $201M | −$203M | $151M | $199M | $440M | 121% |
| Operating cash flow | $111M | $407M | $509M | $1.4B | $556M | 59% |
| Capex | $716M | $859M | $766M | $847M | $808M | 4.6% |
| Stock-based comp | $9M | $9M | $6M | $11M | $15M | 29% |
| Dividends | $138M | $161M | $175M | $178M | $179M | 0.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $205K · 1
- Net
- −$205K
Pay vs performance
No pay-versus-performance disclosure yet.