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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) Operating margin
Southwest Gas Corporation's operating margin over the twelve months to 30 September 2026 was 28.9%, up 4.5 percentage points from fiscal 2025 (24.4%). Over the past ten years it has ranged from −0.49% (fiscal 2022) to 24.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Utilities Regulated Gas industry median of 22.8% and above the Utilities sector median of 18.7%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 24.4% | 16.47 |
| FY2024 | 7.95% | (3.61) |
| FY2023 | 11.6% | 12.05 |
| FY2022 | −0.49% | (10.53) |
| FY2021 | 10.0% | (2.78) |
| FY2020 | 12.8% | 0.90 |
| FY2019 | 11.9% | (0.49) |
| FY2018 | 12.4% | (1.05) |
| FY2017 | 13.5% | 0.64 |
| FY2016 | 12.8% | 1.12 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 11.9% | (11.62) |
| Jun 2026 | 23.5% | (13.95) |
| Mar 2026 | 37.5% | 4.49 |
| Dec 2025 | 33.0% | 21.32 |
| 43 more quarters | Free account |
Against its own ten years
Low −0.49%
High 24.4%
Ten-year median
11.9%
Current reading's percentile
100
Operating margin against peers
| Company | Operating margin |
|---|---|
| SWX Southwest Gas Corporation | 28.9% |
| CPK Chesapeake Utilities Corporation compare | 27.2% |
| NJR NewJersey Resources Corporation compare | 24.8% |
| BKH Bright Horizon Energy Corporation compare | 24.3% |
| NWN Northwest Natural Gas Company compare | 22.9% |
| SR Spire Inc. compare | 22.7% |
| OGS ONE Gas, Inc. compare | 21.1% |
| MDU MDU Resources Group, Inc. compare | 17.0% |
| UGI UGI Corporation compare | 16.2% |
| Utilities Regulated Gas industry median | 22.8% |
| Utilities sector median | 18.7% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on SWX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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