Southwest Gas Holdings Inc (SWX)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 150,889 | -202,564 | -218,104 | -253,557 | -203,290 | 147,237 | 147,970 | 179,664 | 200,779 | 234,380 | 264,229 | 277,075 | 232,324 | 220,498 | 207,578 | 191,669 | 213,936 | 191,522 | 198,500 | 197,995 |
| Revenue (ttm) | US$ in thousands | 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 | 3,119,917 | 3,058,434 | 3,001,350 | 2,959,222 |
| Net profit margin | 2.78% | -3.69% | -4.01% | -4.79% | -4.10% | 3.18% | 3.37% | 4.42% | 5.46% | 6.68% | 7.74% | 8.27% | 7.04% | 6.82% | 6.55% | 6.14% | 6.86% | 6.26% | 6.61% | 6.69% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $150,889K ÷ $5,433,960K
= 2.78%
Southwest Gas Holdings Inc's net profit margin has fluctuated over the past eight quarters. In Q4 2023, the net profit margin stood at 2.78%, showing an improvement from the negative margins recorded in the previous three quarters. Despite this improvement, the company still experienced losses in Q3 2023, Q2 2023, and Q1 2023, with net profit margins of -3.69%, -4.01%, and -4.79% respectively.
Comparing the Q4 2023 net profit margin to the same quarter in the previous year, there has been a significant improvement from -4.10% in Q4 2022 to 2.78% in Q4 2023. However, the company's performance in Q4 2023 was still below the levels seen in Q3 2022 and Q2 2022, where the net profit margins were 3.18% and 3.37% respectively.
Overall, Southwest Gas Holdings Inc's net profit margin has displayed volatility over the past eight quarters, with both positive and negative margins recorded. Further analysis of the company's financial performance and operational efficiency may be warranted to assess the sustainability of its profitability levels.
Peer comparison
Dec 31, 2023