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Friday 6 November 2026
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Southwest Gas Corporation
SWX Utilities Utilities Regulated Gas
- Revenue
- −5.91%
- EPS
- −95.3%
- Free cash flow
- −30.1%
- Total debt
- +0.70%
Quarter to September 2026, against a year earlier
90.42
1.91
−2.07%
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Southwest Gas Corporation (SWX) Gross margin
Southwest Gas Corporation's gross margin over the twelve months to 30 September 2026 was 86.4%, up 12.0 percentage points from fiscal 2025 (74.4%). Over the past ten years it has ranged from 25.9% (fiscal 2024) to 89.6% (fiscal 2020); the current reading is higher than 27% of that period. That is above the Utilities Regulated Gas industry median of 63.3% and above the Utilities sector median of 58.0%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 74.4% | 48.43 |
| FY2024 | 25.9% | (24.64) |
| FY2023 | 50.6% | (33.33) |
| FY2022 | 83.9% | (4.40) |
| FY2021 | 88.3% | (1.32) |
| FY2020 | 89.6% | 1.96 |
| FY2019 | 87.7% | 2.21 |
| FY2018 | 85.4% | (0.63) |
| FY2017 | 86.1% | 2.21 |
| FY2016 | 83.9% | 6.75 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 93.3% | 3.98 |
| Jun 2026 | 89.3% | 7.75 |
| Mar 2026 | 81.5% | (4.29) |
| Dec 2025 | 85.8% | (0.72) |
| 43 more quarters | Free account |
Against its own ten years
Low 25.9%
High 89.6%
Ten-year median
83.9%
Current reading's percentile
74
Gross margin against peers
| Company | Gross margin |
|---|---|
| SWX Southwest Gas Corporation | 86.4% |
| NWN Northwest Natural Gas Company compare | 70.7% |
| SR Spire Inc. compare | 69.2% |
| OGS ONE Gas, Inc. compare | 63.4% |
| MDU MDU Resources Group, Inc. compare | 58.7% |
| NJR NewJersey Resources Corporation compare | 57.2% |
| UGI UGI Corporation compare | 51.3% |
| CPK Chesapeake Utilities Corporation compare | 0.00% |
| BKH Bright Horizon Energy Corporation compare | 0.00% |
| Utilities Regulated Gas industry median | 63.3% |
| Utilities sector median | 58.0% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on SWX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement