Southwest Gas Holdings, Inc.'s revenue has shrunk 32% a year over three years, and shrunk 13% a year over five. Revenue growth, 3-year annual rate: −32% (Utilities - Regulated Gas median +6.4%). Revenue growth, 5-year rate: −13%, growth has slowed since the five-year average. Years of annual history on file: 11, FY2015 to FY2025, as filed.

SWXSouthwest Gas Holdings, Inc.

Utilities

$91.17+20% 1Y

$91.17

$76.7052 weeks$93.37

Is it growing?

Excellent

Growing: revenue growing +104% year on year, earnings up +248% year on year, and operating margin widening (+17.5 points).

3 good

Revenue trend+104% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: −13% a year.

Earnings trend+248% in a year

Trailing-twelve-month earnings per share against a year earlier. Growing faster than revenue, so margins or the share count are helping.

Margin direction+17.5 points operating

Trailing-twelve-month operating margin, 26.4% now against 8.9% a year earlier.

All from SEC EDGAR, as of Jun 30, 2026.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is SWX growing?

Southwest Gas Holdings, Inc.'s revenue has shrunk 32% a year over three years, and shrunk 13% a year over five.

−32%

Revenue growth, 3-year annual rate · Utilities - Regulated Gas median +6.4% · shrinking · compounded from trailing twelve-month revenue

Revenue growth, 5-year rate: −13%
Revenue growth, 5-year rate · −32% over three · growth has slowed since the five-year average
Years of annual history on file: 11
Years of annual history on file · FY2015 to FY2025, as filed

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