Southwest Gas Holdings Inc (SWX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 915,104 | 755,646 | 751,416 | 865,047 | 908,056 | -432,383 | -429,055 | -470,859 | -498,082 | 919,566 | 864,129 | 849,305 | 820,931 | 839,589 | 854,990 | 853,669 | 818,491 | 796,603 | 775,349 | 755,555 |
| Revenue (ttm) | US$ in thousands | 5,112,450 | 5,209,840 | 5,300,150 | 5,411,620 | 5,433,960 | 5,487,320 | 5,443,420 | 5,295,900 | 4,960,010 | 4,623,550 | 4,386,656 | 4,061,957 | 3,680,454 | 3,510,104 | 3,412,634 | 3,348,460 | 3,298,873 | 3,232,930 | 3,166,934 | 3,122,698 |
| Gross profit margin | 17.90% | 14.50% | 14.18% | 15.98% | 16.71% | -7.88% | -7.88% | -8.89% | -10.04% | 19.89% | 19.70% | 20.91% | 22.31% | 23.92% | 25.05% | 25.49% | 24.81% | 24.64% | 24.48% | 24.20% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $915,104K ÷ $5,112,450K
= 17.90%
The gross profit margin of Southwest Gas Holdings Inc has exhibited fluctuations over the reporting periods provided. It started at 24.20% in March 2020 and generally increased, reaching its peak at 25.49% in March 2021. However, there was a noticeable decline in the margin in subsequent periods, dropping to 19.70% by June 2022. An alarming decrease was observed in the December 2022 and March 2023 periods, where the gross profit margin fell into negative territory at -10.04% and -8.89%, respectively.
There was a slight improvement by December 2023 when the gross profit margin rebounded to 16.71%. Subsequently, the margin showed a more stable trend within the range of 14.18% to 17.90% until December 2024. It is important to note the significant fluctuations and negative margins during some periods, signaling potential challenges in managing production costs, pricing strategies, or revenue generation within the business. Further analysis of the company's cost structure and operational efficiency may provide insights into the factors contributing to these fluctuations in the gross profit margin.
Peer comparison
Dec 31, 2024