SuperworthSouthwest Gas profit margin SWX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2014.
- Net margin, 12 months
- 29.8%
- Operating margin, 12 months
- 28.7%
- Net margin on a year earlier
- +23.8 pts
- Peer median
- 18.5%
Over the twelve months to Jun 30, 2026, Southwest Gas kept 29.8% of its revenue as net profit, with an operating margin of 28.7%.
Five years earlier its net margin was 7.7%.
The median for 10 oil and gas pipeline stocks of a similar size is 18.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 21.3% | 24.4% | n/a |
| FY2024 | 4.5% | 10.1% | 61.4% |
| FY2023 | 2.8% | 7.7% | 51.8% |
| FY2022 | −4.1% | −0.5% | 49.0% |
| FY2021 | 5.5% | 10.0% | 46.9% |
| FY2020 | 7.0% | 12.8% | 47.6% |
| FY2019 | 6.9% | 11.9% | 49.6% |
| FY2018 | 6.3% | 12.4% | 51.8% |
| FY2017 | 7.6% | 13.5% | n/a |
| FY2016 | 6.2% | 12.8% | n/a |
| FY2015 | 5.6% | 11.7% | n/a |
| FY2014 | 6.7% | 13.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 29.8% | +23.8 pts | 28.7% | |
| Q1 FY26 | 24.6% | +18.2 pts | 27.0% | |
| Q4 FY25 | 21.3% | +16.7 pts | 24.4% | |
| Q3 FY25 | 16.0% | +12.0 pts | 18.2% | |
| Q2 FY25 | 6.0% | +2.6 pts | 17.3% | |
| Q1 FY25 | 6.3% | +2.8 pts | 14.0% | |
| Q4 FY24 | 4.5% | +1.7 pts | 10.1% | |
| Q3 FY24 | 4.0% | +7.7 pts | 8.9% | |
| Q2 FY24 | 3.4% | +7.4 pts | 8.3% | |
| Q1 FY24 | 3.6% | +8.3 pts | 8.2% | |
| Q4 FY23 | 2.8% | +6.9 pts | 7.7% | |
| Q3 FY23 | −3.7% | −6.9 pts | −0.2% |
Against its peers
Companies in Oil & Gas Midstream nearest Southwest Gas' size, closest first, today.
| Company | Profit margin |
|---|---|
| SWXSouthwest Gas | 29.8% |
| AROCArchrock | 21.8% |
| KNTKKinetik | 10.4% |
| KGSKodiak Gas Services | 5.8% |
| AMAntero Midstream | 30.4% |
| DTMDT Midstream | 35.7% |
| CPKChesapeake Utilities | 15.1% |
| WESWestern Midstream Partners | 29.6% |
| CTRICenturi | 0.9% |
| GELGenesis Energy | 4.3% |
| CQPCheniere Energy Partners | 27.3% |
| Peer median | 18.5% |
Where Southwest Gas ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Southwest Gas
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.