Southwest Gas (SWX)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from SWX's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Southwest Gas's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2023 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.5B | $2.5B | $2.5B | $1.9B |
| Net income | -$218M | -$203M | $151M | $199M | $440M |
| Free cash flow | -$774M | -$609M | -$257M | $509M | -$252M |
| EPS (diluted) | -$3.18 | -$2.91 | $2.13 | $2.76 | $6.08 |
| Operating margin | -0.34% | -0.15% | 11.6% | 16.4% | 24.4% |
Where the revenue comes from
Revenue by segments, fiscal 2023.
Superinvestors who own SWX
From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Lee Ainslie Maverick Capital |
Trimmed | $168M | 1.5% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $142M | 0.05% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $68M | 0.61% | Q2 2026 |
Insider buying
Open-market purchases by Southwest Gas's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Southwest Gas insiders buying the stock?
No open-market insider purchases of SWX in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Southwest Gas?
3 of the superinvestors Investingly tracks hold SWX in their latest 13F, including Lee Ainslie, Cliff Asness, Mario Gabelli.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.