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Southwest Gas Corp. (SWX)
NYSE:SWX
US Market

Southwest Gas (SWX) Ratios

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Southwest Gas Ratios

SWX's free cash flow for Q4 2025 was $0.38. For the 2025 fiscal year, SWX's free cash flow was decreased by $ and operating cash flow was $0.37. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.28 1.28 0.80 1.12 1.08
Quick Ratio
1.18 1.18 0.80 1.12 1.08
Cash Ratio
0.62 0.62 0.20 0.06 0.04
Solvency Ratio
0.13 0.12 0.08 0.07 0.03
Operating Cash Flow Ratio
0.61 0.60 0.74 0.30 0.12
Short-Term Operating Cash Flow Coverage
7.56 7.41 1.91 0.76 0.26
Net Current Asset Value
$ -5.28B$ -5.28B$ -6.87B$ -6.57B$ -6.27B
Leverage Ratios
Debt-to-Assets Ratio
0.34 0.34 0.42 0.44 0.45
Debt-to-Equity Ratio
0.89 0.89 1.44 1.60 1.96
Debt-to-Capital Ratio
0.47 0.47 0.59 0.61 0.66
Long-Term Debt-to-Capital Ratio
0.46 0.46 0.55 0.58 0.59
Financial Leverage Ratio
2.63 2.63 3.43 3.59 4.31
Debt Service Coverage Ratio
2.58 2.76 0.93 0.92 0.28
Interest Coverage Ratio
2.06 2.33 1.63 1.43 -0.10
Debt to Market Cap
0.56 0.61 1.00 1.18 1.48
Interest Debt Per Share
51.80 51.43 74.55 78.73 95.08
Net Debt to EBITDA
3.08 3.39 4.81 5.56 13.34
Profitability Margins
Gross Profit Margin
27.87%29.27%19.78%18.76%20.06%
EBIT Margin
17.16%27.52%10.53%9.01%-0.62%
EBITDA Margin
29.57%44.56%19.11%17.12%8.87%
Operating Profit Margin
15.29%24.42%9.46%7.70%-0.49%
Pretax Profit Margin
9.72%17.05%4.72%3.63%-5.51%
Net Profit Margin
13.68%22.67%3.89%2.78%-4.10%
Continuous Operations Profit Margin
5.38%12.10%4.01%2.86%-3.99%
Net Income Per EBT
140.83%132.93%82.39%76.46%74.37%
EBT Per EBIT
63.53%69.82%49.88%47.18%1120.33%
Return on Assets (ROA)
4.22%4.22%1.65%1.27%-1.54%
Return on Equity (ROE)
11.62%11.10%5.67%4.56%-6.65%
Return on Capital Employed (ROCE)
5.17%4.99%4.75%4.11%-0.25%
Return on Invested Capital (ROIC)
2.84%3.51%3.77%3.04%-0.16%
Return on Tangible Assets
4.22%4.22%1.77%1.36%-1.64%
Earnings Yield
7.04%7.62%3.91%3.36%-5.01%
Efficiency Ratios
Receivables Turnover
11.41 6.89 6.22 5.54 5.15
Payables Turnover
10.27 6.08 12.36 12.73 5.99
Inventory Turnover
24.71 14.63 0.00 0.00 0.00
Fixed Asset Turnover
0.37 0.22 0.55 0.62 0.60
Asset Turnover
0.31 0.19 0.43 0.46 0.38
Working Capital Turnover Ratio
9.24 -35.07 -59.67 22.60 -8.18
Cash Conversion Cycle
11.23 17.93 29.13 37.24 9.93
Days of Sales Outstanding
32.00 53.01 58.66 65.93 70.87
Days of Inventory Outstanding
14.77 24.95 0.00 0.00 0.00
Days of Payables Outstanding
35.53 60.03 29.53 28.68 60.95
Operating Cycle
46.77 77.96 58.66 65.93 70.87
Cash Flow Ratios
Operating Cash Flow Per Share
7.84 7.71 18.87 7.19 6.22
Free Cash Flow Per Share
-8.27 -3.49 5.71 -5.13 -6.89
CapEx Per Share
16.11 11.20 13.17 12.33 13.11
Free Cash Flow to Operating Cash Flow
-1.06 -0.45 0.30 -0.71 -1.11
Dividend Paid and CapEx Coverage Ratio
0.42 0.56 1.21 0.49 0.40
Capital Expenditure Coverage Ratio
0.49 0.69 1.43 0.58 0.47
Operating Cash Flow Coverage Ratio
0.16 0.16 0.27 0.10 0.07
Operating Cash Flow to Sales Ratio
0.18 0.29 0.27 0.09 0.08
Free Cash Flow Yield
-9.59%-4.36%8.07%-8.10%-11.14%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
14.37 13.13 25.55 29.72 -19.96
Price-to-Sales (P/S) Ratio
1.96 2.98 0.99 0.83 0.82
Price-to-Book (P/B) Ratio
1.60 1.46 1.45 1.35 1.33
Price-to-Free Cash Flow (P/FCF) Ratio
-10.55 -22.93 12.39 -12.34 -8.98
Price-to-Operating Cash Flow Ratio
11.15 10.38 3.75 8.81 9.96
Price-to-Earnings Growth (PEG) Ratio
-2.64 0.11 0.85 -0.27 0.02
Price-to-Fair Value
1.60 1.46 1.45 1.35 1.33
Enterprise Value Multiple
9.73 10.07 10.01 10.38 22.56
Enterprise Value
9.17B 8.71B 9.77B 9.66B 9.92B
EV to EBITDA
9.65 10.07 10.01 10.38 22.56
EV to Sales
2.85 4.49 1.91 1.78 2.00
EV to Free Cash Flow
-15.32 -34.58 23.85 -26.59 -21.96
EV to Operating Cash Flow
16.17 15.66 7.21 18.97 24.36
Tangible Book Value Per Share
54.61 54.74 40.48 37.08 37.08
Shareholders’ Equity Per Share
54.76 54.89 48.78 46.76 46.66
Tax and Other Ratios
Effective Tax Rate
0.45 0.29 0.15 0.21 0.28
Revenue Per Share
44.44 26.89 71.16 76.77 75.66
Net Income Per Share
6.08 6.09 2.77 2.13 -3.10
Tax Burden
1.41 1.33 0.82 0.76 0.74
Interest Burden
0.57 0.62 0.45 0.40 8.94
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
>-0.01 0.00 <0.01 >-0.01 <0.01
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 0.00 0.00
Income Quality
2.00 2.32 6.62 3.37 -2.00
Currency in USD