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

89.60 0.89 −0.98%
Market cap
$6.6B
P/E
22.1×
Fwd P/E
21.4×
Dividend yield
2.80%
F-score
6/9
Altman Z
1.04
Beneish M
−2.87
Dividend safety
45/100

Southwest Gas Corporation (SWX) Return on equity

Alert me on Return on equity

Southwest Gas Corporation's return on equity over the twelve months to 30 September 2026 was 7.20%, down 4.3 percentage points from fiscal 2025 (11.5%). Over the past ten years it has ranged from −6.76% (fiscal 2022) to 11.5% (fiscal 2025) — the current reading is the highest in ten years. That is below the Utilities Regulated Gas industry median of 9.10% and below the Utilities sector median of 8.82%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 11.5% 5.82
FY2024 5.69% 0.95
FY2023 4.74% 11.50
FY2022 −6.76% (13.89)
FY2021 7.13% (1.84)
FY2020 8.97% (0.02)
FY2019 8.99% 0.02
FY2018 8.97% (2.19)
FY2017 11.2% 1.81
FY2016 9.35% 0.36

Against its own ten years

Low −6.76% High 11.5%
Ten-year median 8.97%
Current reading's percentile 100

Return on equity against peers

Company Return on equity
SR Spire Inc. compare 15.6%
NJR NewJersey Resources Corporation compare 14.5%
UGI UGI Corporation compare 13.3%
CPK Chesapeake Utilities Corporation compare 9.47%
OGS ONE Gas, Inc. compare 8.73%
NWN Northwest Natural Gas Company compare 8.55%
BKH Bright Horizon Energy Corporation compare 7.99%
SWX Southwest Gas Corporation 7.20%
MDU MDU Resources Group, Inc. compare 6.95%
Utilities Regulated Gas industry median 9.10%
Utilities sector median 8.82%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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