Southwest Gas Holdings Inc (SWX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 198,815 | 150,889 | -1,622,480 | 200,779 | 232,324 |
| Revenue | US$ in thousands | 5,112,440 | 5,433,970 | 4,960,010 | 3,680,450 | 3,298,870 |
| Net profit margin | 3.89% | 2.78% | -32.71% | 5.46% | 7.04% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $198,815K ÷ $5,112,440K
= 3.89%
Southwest Gas Holdings Inc's net profit margin has exhibited fluctuations over the past five years. The margin stood at 7.04% as of December 31, 2020, indicating that the company retained approximately 7.04 cents from each dollar of revenue after covering all expenses. However, by the end of 2021, the net profit margin decreased to 5.46%, suggesting a decline in profitability compared to the previous year.
The most significant deviation occurred by the end of 2022, where the net profit margin sharply declined to -32.71%. This negative margin indicates that the company incurred a loss, resulting in a deficit in net income relative to its revenue. However, by the end of 2023 and 2024, the net profit margin improved to 2.78% and 3.89%, respectively.
Overall, despite the fluctuations in the net profit margin over the years, it is essential for Southwest Gas Holdings Inc to closely monitor and manage its expenses and revenue generation to sustain and enhance its profitability in the future.
Peer comparison
Dec 31, 2024