QualityDipStocks / Utilities · Oil & Gas Production
Southwest Gas SWX
Outside our quality screen, so we don’t track its dips. It’s 1% below its 52-week high.
Outside our quality screen, 7% over its Market Value. No fair value estimate for now: its free cash flow is negative.
- Fair value est.
- n/a
- Market Value
- $87.34price +7%
- Off 52-wk high
- −1%
- Risk vs market
- Lowbeta −0.11
5 bullish · 5 bearish See why
Key levels
Every level vs today’s $93.08
- 52-wk lowlowest close, 1 year$78.83−15.3%
- Market Valueavg paid since Aug 5$87.34−6.2%
- PriceFri Oct 30 close$93.08you are here
- 52-wk highhighest close, 1 year$94.05+1.0%
Fair value estimate
No estimate for SWX: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much SWX moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.4× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.11
- Volatility
- 18% vs 13% SPY
- Correlation SPY
- −0.08
- Correlation QQQ
- −0.22
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
GrowthDiluted EPS grew 120% to $6.08 in FY2025.
ProfitabilityOperating margin widened to 24.4% in FY2025 from 5.4% in FY2023 (SEC filings).
ValuationP/E of 14.4× vs a 21.2× median for the 55 Utilities companies we cover.
Balance sheetPaid down debt: $3.5B at FY2025, 34% less than at FY2023.
Cash returnsDividend yield of 2.7% ($179M paid over 12 months, 39% of earnings).
Top bearish points 5 of 5
ValuationFree cash flow is negative (−$528M over the last 12 months), so there’s no cash-flow value under the price.
ProfitabilityGross margin narrowed to 2.4% in FY2024 from 49.0% in FY2022 (SEC filings).
GrowthSales shrank 27% a year from FY2022 to FY2025.
Balance sheetNet debt of $3.0B, 45% of the market cap (Mar 31, 2026).
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; sales down vs the year-ago quarter; net debt 3.8× EBITDA (limit 3×).
Who’s talking about it
Notable investors, executives, analysts and public figures on Southwest Gas in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Utilities
All fundamentals
P/E 14.4 · FCF yield -6.4% · ROE 12%
Valuation
- P/E
- 14.4×Utilities median 21.2×
- Price / FCF
- n/anegative free cash flow
- FCF yield
- −6.4%
- EV / EBITDA
- 11.9×
- Price / sales
- 3.77×
- Price / book
- 1.63×
- Market cap
- $6.7Blisted
- Enterprise value
- $9.7B
Growth
- Revenue, 12 months
- $1.8B
- Sales growth, 12 months
- +8.4%vs the 12 months before
- Sales growth, 3 yrs
- −26.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $6.41
- EPS growth, last FY
- +120.3%
- Net income, 12 months
- $464M
- Net income growth
- +106%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 27.0%
- Net margin
- 26.1%
- FCF margin
- −24.0%
- Return on equity
- 12%
- Return on invested capital
- 5%
Balance sheet
- Cash & short-term inv.
- $485M
- Total debt
- $3.5B
- Net cash
- −$3.0B
- Debt / equity
- 0.86×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- −$427M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 2.67%$179M paid
- Payout ratio
- 39%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +0.8%diluted shares vs a year ago
- Stock-based comp
- $14M
Trailing 12 months to Mar 31, 2026; balance sheet at Mar 31, 2026. From Southwest Gas’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
MV $87.34
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 72 · 5 days +2.1%
The business
FCF $-0.4B · Sales −10%
- Free cash flow, 12 months−$0.4B
- Free-cash-flow yield−5.8%
- Free-cash-flow margin−22%
- Gross margin54%
- Operating margin24%
- Return on invested capital4%
- Return on equity7%
- Sales growth (latest quarter vs year-ago quarter)−10%
- Net debt / EBITDA3.8×
Next report
Nov 4
- DateWed Nov 4, before the open
- Consensus EPS$0.17
- Year-ago EPS$0.06
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
SWX is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.