Southwest Gas Holdings Inc (SWX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 241,296 | 212,842 | 215,028 | 225,665 | 197,349 | 15,899 | 359 | -45,050 | 0 | 174,158 | 175,891 | 218,288 | 246,850 | 299,559 | 338,421 | 355,452 | 304,738 | 288,920 | 270,834 | 250,971 |
| 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 |
| Pretax margin | 4.72% | 4.09% | 4.06% | 4.17% | 3.63% | 0.29% | 0.01% | -0.85% | 0.00% | 3.77% | 4.01% | 5.37% | 6.71% | 8.53% | 9.92% | 10.62% | 9.24% | 8.94% | 8.55% | 8.04% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $241,296K ÷ $5,112,450K
= 4.72%
The pretax margin of Southwest Gas Holdings Inc has fluctuated over the past few years, starting at 8.04% as of March 31, 2020, reaching a peak of 10.62% by March 31, 2021, and then declining to 4.72% by December 31, 2024. This metric essentially represents the company's earnings before taxes as a percentage of its total revenue for a given period.
The downward trend observed after March 31, 2021, could suggest potential challenges or inefficiencies impacting the company's profitability. It is important for stakeholders to monitor this trend closely as a decreasing pretax margin may indicate declining overall profitability even if revenue is increasing.
Further analysis, including a comparison with industry peers and an examination of the company's cost structure and operating efficiency, would be beneficial to better understand the factors driving the changes in Southwest Gas Holdings Inc's pretax margin.
Peer comparison
Dec 31, 2024