SWX (Southwest Gas Holdings) Pre-Tax Income: $369 Mil (TTM As of Jun. 2026)

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SWX Southwest Gas Holdings Inc SWX
65 GF Score
Price $92.09
GF Value $53.66
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Southwest Gas Holdings Pre-Tax Income?

Southwest Gas Holdings SWX -0.34% 65 Pre-Tax Income is $369 Mil as of Jun. 2026. GuruFocus rates SWX with a GF Score™ of 65/100 and a GF Value™ of $53.66 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Southwest Gas Holdings's pretax income for the three months ended in Jun. 2026 was $52 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $369 Mil. Southwest Gas Holdings's pretax margin was 14.40%.

During the past 13 years, Southwest Gas Holdings's highest Pretax Margin was 21.22%. The lowest was -5.51%. And the median was 8.99%.


Southwest Gas Holdings  (NYSE:SWX) Pre-Tax Income Explanation

Southwest Gas Holdings's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=51.57/358.154
=14.40%

During the past 13 years, Southwest Gas Holdings's highest Pretax Margin was 21.22%. The lowest was -5.51%. And the median was 8.99%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Southwest Gas Holdings Pre-Tax Income Related Terms


Southwest Gas Holdings Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Southwest Gas Holdings's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Southwest Gas Holdings Pre-Tax Income Chart

Southwest Gas Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 246.85 -273.34 169.40 254.14 330.87

Southwest Gas Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.19 3.37 129.81 184.59 51.57

SWX vs NJR, BKH, UGI: Pre-Tax Income Comparison

For the Utilities - Regulated Gas subindustry, Southwest Gas Holdings's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Southwest Gas Holdings Pre-Tax Income vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Southwest Gas Holdings's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Southwest Gas Holdings's Pre-Tax Income falls into.


SWX
65GF Score
Southwest Gas Holdings Inc SWX
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Southwest Gas Holdings Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Southwest Gas Holdings's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=481.552+31.458+-203.081+20.944+0
=331

Southwest Gas Holdings's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=84.327+5.208+-44.052+6.087+7.105427357601E-15
=52

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $369 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $369 Mil mean?
Southwest Gas Holdings (SWX) has a Pre-Tax Income of $369 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Southwest Gas Holdings and its competitors.
Is Southwest Gas Holdings' Pre-Tax Income too high?
Southwest Gas Holdings' current Pre-Tax Income is $369 Mil. Overall, Southwest Gas Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Gas Holdings' Pre-Tax Income compare to NJR and BKH?
Southwest Gas Holdings' Pre-Tax Income of $369 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Utilities - Regulated company?
A good Pre-Tax Income depends on the Utilities - Regulated industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Southwest Gas Holdings and its competitors. Southwest Gas Holdings's current Pre-Tax Income is $369 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southwest Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Southwest Gas Holdings (SWX) is currently considered Significantly Overvalued. The stock's GF Value™ is $53.66, compared to a current price of $92.09 — trading 71.6% above its estimated fair value. The current Pre-Tax Income is $369 Mil. Southwest Gas Holdings' overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Southwest Gas Holdings (SWX), the current Pre-Tax Income is $369 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Southwest Gas Holdings (SWX) Overvalued in 2026?

Based on GuruFocus' analysis, Southwest Gas Holdings stock appears to be overvalued. The current stock price of $92.09 is trading 71.6% above its estimated GF Value™ of $53.66. GuruFocus considers Southwest Gas Holdings to be Significantly Overvalued.

Key valuation signals for SWX:

  • Pre-Tax Income: $369 Mil
  • GF Value™: $53.66 vs. price of $92.09 (71.6% above fair value)
  • GF Score™: 65/100 with 9 warning signs

No single metric tells the full story. See the SWX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Southwest Gas Holdings Business Description

Address 8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89113
Southwest Gas Holdings Inc is a utility company engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas distribution segment. The Natural gas distribution segment encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. Its division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers.
65GF Score

Get the complete analysis for SWX

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$92.09
Price
$53.66
GF Value