Southwest Gas Operating Margin 2012-2026 | SWX

Current and historical operating margin for Southwest Gas (SWX) over the last 10 years. The current operating profit margin for Southwest Gas as of March 31, 2026 is 8.12%.
Unlock Macrotrends Premium
40 years of data
Faster, ad-free pages
Unlimited data exports
Full-width charts
Southwest Gas Operating Margin Historical Data
Date TTM Revenue TTM Operating Income Operating Margin
2026-03-31 $1.23B $0.49B 40.03%
2025-12-31 $1.94B $0.47B 24.38%
2025-09-30 $4.72B $0.55B 11.73%
2025-06-30 $4.77B $0.54B 11.27%
2025-03-31 $4.83B $0.53B 10.88%
2024-12-31 $5.11B $0.48B 9.45%
2024-09-30 $4.49B $0.40B 8.89%
2024-06-30 $5.30B $0.44B 8.28%
2024-03-31 $5.41B $0.44B 8.15%
2023-12-31 $5.43B $0.42B 7.69%
2023-09-30 $5.49B $-0.01B -0.15%
2023-06-30 $5.44B $-0.02B -0.33%
2023-03-31 $5.30B $-0.06B -1.08%
2022-12-31 $4.96B $-0.02B -0.48%
2022-09-30 $4.62B $0.38B 8.18%
2022-06-30 $4.39B $0.35B 8.00%
2022-03-31 $4.06B $0.36B 8.96%
2021-12-31 $3.68B $0.37B 10.03%
2021-09-30 $3.51B $0.41B 11.62%
2021-06-30 $3.41B $0.44B 12.87%
2021-03-31 $3.35B $0.45B 13.38%
2020-12-31 $3.30B $0.42B 12.83%
2020-09-30 $3.23B $0.41B 12.62%
2020-06-30 $3.17B $0.39B 12.38%
2020-03-31 $3.12B $0.38B 12.14%
2019-12-31 $3.12B $0.37B 11.89%
2019-09-30 $3.06B $0.37B 12.03%
2019-06-30 $3.00B $0.37B 12.33%
2019-03-31 $2.96B $0.37B 12.43%
2018-12-31 $2.88B $0.36B 12.43%
2018-09-30 $2.83B $0.36B 12.67%
2018-06-30 $2.76B $0.35B 12.84%
2018-03-31 $2.65B $0.35B 13.18%
2017-12-31 $2.55B $0.34B 13.46%
2017-09-30 $2.45B $0.35B 14.08%
2017-06-30 $2.40B $0.33B 13.60%
2017-03-31 $2.39B $0.31B 12.83%
2016-12-31 $2.46B $0.32B 12.84%
2016-09-30 $2.50B $0.30B 11.82%
2016-06-30 $2.47B $0.30B 11.99%
2016-03-31 $2.46B $0.29B 11.91%
2015-12-31 $2.46B $0.29B 11.73%
2015-09-30 $2.41B $0.28B 11.76%
2015-06-30 $2.33B $0.29B 12.22%
2015-03-31 $2.25B $0.29B 12.77%
2014-12-31 $2.12B $0.28B 13.39%
2014-09-30 $2.03B $0.27B 13.44%
2014-06-30 $1.99B $0.26B 13.14%
2014-03-31 $1.95B $0.26B 13.52%
2013-12-31 $1.95B $0.27B 14.04%
2013-09-30 $1.90B $0.29B 15.14%
2013-06-30 $1.89B $0.29B 15.26%
2013-03-31 $1.89B $0.27B 14.54%
2012-12-31 $1.93B $0.27B 14.05%
2012-09-30 $1.96B $0.26B 13.18%
2012-06-30 $1.94B $0.25B 13.05%
2012-03-31 $1.92B $0.26B 13.50%
2011-12-31 $1.89B $0.25B 13.24%
2011-09-30 $1.84B $0.23B 12.73%
2011-06-30 $1.79B $0.23B 12.99%
2011-03-31 $1.79B $0.24B 13.18%
2010-12-31 $1.83B $0.23B 12.67%
2010-09-30 $1.86B $0.24B 12.67%
2010-06-30 $1.87B $0.24B 12.66%
2010-03-31 $1.87B $0.23B 12.17%
2009-12-31 $1.90B $0.21B 11.03%
2009-09-30 $1.91B $0.20B 10.55%
2009-06-30 $1.96B $0.20B 10.35%
2009-03-31 $2.02B $0.21B 10.20%
2008-12-31 $2.14B $0.21B 9.70%
2008-09-30 $2.20B $0.22B 10.07%
2008-06-30 $2.19B $0.23B 10.31%
2008-03-31 $2.17B $0.23B 10.40%
2007-12-31 $2.15B $0.22B 10.31%
2007-09-30 $2.16B $0.22B 10.29%
2007-06-30 $2.14B $0.22B 10.15%
2007-03-31 $2.14B $0.22B 10.46%
2006-12-31 $2.03B $0.21B 10.47%
2006-09-30 $1.96B $0.19B 9.45%
2006-06-30 $1.92B $0.18B 9.23%
2006-03-31 $1.85B $0.17B 9.04%
2005-12-31 $1.71B $0.15B 8.81%
2005-09-30 $1.68B $0.17B 10.14%
2005-06-30 $1.63B $0.17B 10.20%
2005-03-31 $1.55B $0.16B 10.16%
2004-12-31 $1.48B $0.17B 11.52%
2004-09-30 $1.37B $0.15B 11.11%
2004-06-30 $1.32B $0.15B 11.56%
2004-03-31 $1.30B $0.16B 12.22%
2003-12-31 $1.23B $0.14B 10.97%
2003-09-30 $1.22B $0.13B 10.53%
2003-06-30 $1.22B $0.13B 10.91%
2003-03-31 $1.22B $0.13B 10.46%
2002-12-31 $1.32B $0.15B 11.05%
2002-09-30 $1.37B $0.15B 10.74%
2002-06-30 $1.39B $0.15B 10.42%
2002-03-31 $1.41B $0.14B 9.87%
2001-12-31 $1.40B $0.13B 9.53%
2001-09-30 $1.35B $0.08B 6.13%
2001-06-30 $1.31B $0.08B 6.43%
2001-03-31 $1.23B $0.09B 7.02%
2000-12-31 $1.04B $0.07B 6.67%
2000-09-30 $0.96B $0.24B 25.52%
2000-06-30 $0.92B $0.25B 26.54%
2000-03-31 $0.93B $0.25B 27.46%
1999-12-31 $0.94B $0.26B 27.78%
1999-09-30 $0.94B $0.14B 14.63%
1999-06-30 $0.94B $0.14B 14.89%
1999-03-31 $0.93B $0.14B 15.11%
1998-12-31 $0.92B $0.15B 16.78%
1998-09-30 $0.88B $0.23B 26.48%
1998-06-30 $0.85B $0.23B 26.83%
1998-03-31 $0.79B $0.21B 26.58%
1997-12-31 $0.73B $0.21B 28.42%
1997-09-30 $0.71B $0.14B 20.06%
1997-06-30 $0.70B $0.17B 24.72%
1997-03-31 $0.69B $0.19B 27.64%
1996-12-31 $0.64B $0.16B 24.22%
1996-09-30 $0.58B $0.21B 35.68%
1996-06-30 $0.55B $0.14B 25.68%
1996-03-31 $0.55B $0.09B 17.00%
1995-12-31 $0.56B $0.06B 10.48%
1995-09-30 $0.64B $-0.02B -2.49%
1995-06-30 $0.68B $0.02B 3.11%
1995-03-31 $0.69B $0.06B 8.08%
1994-12-31 $0.73B $0.10B 14.01%
1994-09-30 $0.71B $0.10B 14.55%
1994-06-30 $0.71B $0.11B 15.21%
1994-03-31 $0.71B $0.10B 14.55%
1993-12-31 $0.69B $0.09B 12.75%
1993-09-30 $0.69B $0.05B 7.22%
1993-06-30 $0.69B $0.04B 6.36%
1993-03-31 $0.70B $0.08B 10.74%
1992-12-31 $0.72B $0.08B 10.58%
1992-09-30 $0.78B $0.05B 6.91%
1992-06-30 $0.80B $0.06B 7.10%
1992-03-31 $0.78B $-0.02B -2.58%
1991-12-31 $0.78B $0.01B 1.80%
1991-09-30 $0.75B $0.01B 1.20%
1991-06-30 $0.77B $0.01B 1.30%
1991-03-31 $0.83B $0.06B 7.50%
1990-12-31 $0.86B $0.09B 10.86%
1990-09-30 $0.91B $0.11B 11.54%
1990-06-30 $0.85B $0.11B 12.60%
1990-03-31 $0.86B $0.12B 13.60%
1989-12-31 $0.84B $0.11B 13.39%
1989-09-30 $0.98B $0.18B 18.40%
1989-06-30 $0.96B $0.18B 18.51%
1989-03-31 $0.88B $0.17B 19.45%
1988-12-31 $0.80B $0.11B 13.09%
1988-09-30 $0.75B $0.11B 14.02%
1988-06-30 $0.74B $0.11B 14.44%
1988-03-31 $0.72B $0.09B 12.69%
1987-12-31 $0.69B $0.09B 12.39%
Sector Industry Market Cap Revenue
Utilities Utility - Natural Gas Distribution $6.743B $1.940B
Southwest Gas Holdings, Inc. is an energy holding company based in Las Vegas, NV. The company makes deliveries of natural gas under a priority system established by state regulatory commissions, which aims that higher-priority customers, primarily residential customers and other customers who use 500 therms or less of gas per day are given greater importance. The company systematically acquires and arranges delivery of natural gas to its system in sufficient quantities to meet customers' needs. Southwest acquires natural gas from a wide variety of sources with a mix of purchase provisions, which includes spot market and firm supplies.
Stock Name Country Market Cap PE Ratio
Atmos Energy (ATO) United States $31.493B 24.72
Hong Kong & China Gas (HOKCY) Hong Kong, SAR China $16.980B 0.00
Centrica (CPYYY) United Kingdom $13.789B 0.00
ENN Energy Holdings (XNGSY) China $9.445B 0.00
UGI (UGI) United States $8.143B 11.75
NewJersey Resources (NJR) United States $5.744B 18.08
ONE Gas (OGS) United States $5.649B 20.32
Spire (SR) United States $5.578B 19.22
Enagas SA (ENGGY) Spain $5.277B 0.00
MDU Resources (MDU) United States $4.573B 24.02
Chesapeake Utilities (CPK) United States $3.157B 21.86
Northwest Natural Gas (NWN) United States $2.311B 18.85
Clean Energy Fuels (CLNE) United States $0.496B 0.00