Southwest Gas Holdings Inc (SWX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 150,889 | -203,290 | 200,779 | 232,324 | 213,936 |
| Revenue | US$ in thousands | 5,433,970 | 4,960,010 | 3,680,450 | 3,298,870 | 3,119,920 |
| Net profit margin | 2.78% | -4.10% | 5.46% | 7.04% | 6.86% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $150,889K ÷ $5,433,970K
= 2.78%
Southwest Gas Holdings Inc's net profit margin has shown fluctuating trends over the past five years. In 2023, the net profit margin stood at 2.78%, indicating that the company retained approximately 2.78% of its total revenue as net profit. This represents an improvement compared to 2022, where the company experienced a negative net profit margin of -4.10%, implying that the company incurred a loss during that period.
However, the net profit margin in 2023 is lower than the margins observed in 2021, 2020, and 2019, which were 5.46%, 7.04%, and 6.86% respectively. This suggests a downward trend in profitability over the last year. It is important for stakeholders to closely monitor the company's financial performance to understand the factors influencing these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023