Southwest Gas Holdings Inc (SWX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,112,440 | 1,019,220 | 994,865 | 820,931 | 818,491 |
| Revenue | US$ in thousands | 5,112,440 | 5,433,970 | 4,960,010 | 3,680,450 | 3,298,870 |
| Gross profit margin | 100.00% | 18.76% | 20.06% | 22.31% | 24.81% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,112,440K ÷ $5,112,440K
= 100.00%
Southwest Gas Holdings Inc's gross profit margin has exhibited a declining trend over the past years as indicated by the data provided. The margin decreased from 24.81% as of December 31, 2020, to 22.31% by the end of 2021. This downward trend continued in the subsequent years, with the margin falling to 20.06% in 2022 and further to 18.76% in 2023. Notably, there was a significant anomaly in 2024, where the gross profit margin surged to 100.00%.
The declining trend in gross profit margin up to 2023 may suggest potential challenges in managing production costs relative to revenue generation. However, the sudden spike to 100.00% in 2024 is unusual and may require further investigation to understand the underlying factors driving this anomaly. Overall, Southwest Gas Holdings Inc's gross profit margin performance highlights the importance of closely monitoring cost structures and revenue streams to ensure sustained profitability and operational efficiency.
Peer comparison
Dec 31, 2024