Southwest Gas Holdings (SWX) FY2024 results: revenue $2.5 billion, down 2.3% on the year
Southwest Gas Holdings, Inc. (SWX) reported revenue of $2.5 billion for fiscal 2024, the year ended 31 December 2024, down 2.3% on the year before. Net income was $199 million, up 31.8%, and diluted earnings per share $2.76. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$2.5 billion
-2.3% on the year
FY2017FY2024
Operating margin
16.4%
11.6% a year earlier
FY2017FY2024
Net income
$199 million
+31.8% on the year
FY2017FY2024
Diluted EPS
$2.76
+29.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,356
509
407
+166.3%
Capital expenditure
847
766
859
+10.5%
Free cash flow
509
-257
-452
Free cash flow margin
20.6%
-10.1%
-9.1%
Cash from investing
-922
151
-839
Cash from financing
-176
-701
356
Depreciation and amortisation
303
295
470
+2.6%
Share-based compensation
11.4
6.2
9.4
+82.6%
Dividends paid
178
175
161
+1.8%
Dividend per share
$2.48
$2.48
$2.48
0.0%
Diluted shares, weighted
72m
71m
66m
+1.5%
Shares outstanding at period end
72m
72m
67m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,504
3,310
3,059
+5.9%
Non-controlling interest
177
0.0
n/a
Redeemable equity
7.7
105
159
-92.7%
Short-term borrowings
n/a
628
n/a
Debt
4,184
4,652
5,991
-10.1%
Other liabilities
4,199
582
3,988
+621.9%
Total liabilities and equity
12,073
9,277
13,197
+30.1%
Goodwill
11.2
790
787
-98.6%
Cash and equivalents
315
107
123
+195.5%
Receivables
203
887
866
-77.1%
Other assets
11,544
7,494
11,420
+54.0%
Total assets
12,073
9,277
13,197
+30.1%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.