Southwest Gas Holdings Inc (SWX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 192,721 | -264,343 | -280,138 | -324,660 | -278,943 | 170,367 | 170,809 | 212,345 | 240,427 | 292,878 | 331,232 | 347,702 | 298,077 | 283,563 | 267,095 | 248,372 | 269,959 | 254,816 | 262,344 | 260,916 |
| 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 |
| Pretax margin | 3.55% | -4.82% | -5.15% | -6.13% | -5.62% | 3.68% | 3.89% | 5.23% | 6.53% | 8.34% | 9.71% | 10.38% | 9.04% | 8.77% | 8.43% | 7.95% | 8.65% | 8.33% | 8.74% | 8.82% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $192,721K ÷ $5,433,960K
= 3.55%
The pretax margin of Southwest Gas Holdings Inc has experienced fluctuation in recent quarters. In Q4 2023, the company achieved a pretax margin of 3.63%, indicating that for every dollar of revenue, the company generated a profit of 3.63 cents before taxes. This represents a positive performance compared to the previous quarter, Q3 2023, where the company reported a negative pretax margin of -4.69%.
Looking back further, in Q2 2023 and Q1 2023, the pretax margins were also negative at -5.01% and -6.01% respectively. These negative margins suggest that the company's expenses exceeded its operating income before taxes during these periods.
In comparison, the pretax margins in Q4 2022, Q3 2022, Q2 2022, and Q1 2022 were 3.77%, 4.01%, 5.37%, and -5.51% respectively. These figures indicate that the company has demonstrated both profitability and loss during these quarters.
Overall, the fluctuating pretax margins of Southwest Gas Holdings Inc highlight the company's changing profitability levels and cost management effectiveness over the evaluated periods.
Peer comparison
Dec 31, 2023