Southwest Gas Holdings Inc (SWX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 17.90% | 14.50% | 14.18% | 15.98% | 16.71% | -7.88% | -7.88% | -8.89% | -10.04% | 19.89% | 19.70% | 20.91% | 22.31% | 23.92% | 25.05% | 25.49% | 24.81% | 24.64% | 24.48% | 24.20% |
| Operating profit margin | 9.46% | 8.46% | 8.30% | 8.15% | 9.36% | 12.80% | 12.71% | 12.33% | 12.01% | 12.56% | 12.63% | 13.97% | 15.56% | 11.65% | 12.89% | 13.38% | 12.82% | 12.63% | 12.39% | 12.16% |
| 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% |
| Net profit margin | 3.94% | 3.49% | 3.44% | 3.56% | 2.78% | -11.52% | -11.88% | -12.88% | -12.73% | 3.22% | 3.38% | 4.42% | 5.46% | 6.68% | 7.74% | 8.27% | 7.04% | 6.82% | 6.55% | 6.14% |
Based on the provided data, Southwest Gas Holdings Inc's profitability has shown fluctuations over the years.
- Gross profit margin: The gross profit margin has gradually decreased from 24.20% in March 2020 to 17.90% in December 2024, with a sudden negative dip in December 2022 and March 2023. However, there was an improvement seen in the most recent quarter of March 2024.
- Operating profit margin: The operating profit margin also experienced a downward trend, declining from 12.16% in March 2020 to 9.46% in December 2024. Similar to the gross profit margin, there were fluctuations along the way, with a more significant decrease in the later quarters.
- Pretax margin: The pretax margin followed a similar pattern, dropping from 8.04% in March 2020 to 4.72% in December 2024. There were negative margins reported in December 2022 and March 2023, indicating potential challenges during that period.
- Net profit margin: The net profit margin mirrored the other profitability metrics, showing a decline from 6.14% in March 2020 to 3.94% in December 2024. The most notable decline occurred in December 2022 and March 2023, when the net profit margin turned negative.
Overall, Southwest Gas Holdings Inc's profitability has weakened over the years, with declining margins in gross, operating, pretax, and net profit. This indicates potential challenges in managing costs and generating profits efficiently during the period under review.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.02% | 3.71% | 3.67% | 3.71% | 4.29% | 5.93% | 5.79% | 5.53% | 4.51% | 4.43% | 4.29% | 4.28% | 4.49% | 3.94% | 4.87% | 5.02% | 4.84% | 4.84% | 4.66% | 4.69% |
| Return on assets (ROA) | 1.67% | 1.53% | 1.52% | 1.62% | 1.27% | -5.34% | -5.41% | -5.77% | -4.79% | 1.14% | 1.15% | 1.36% | 1.57% | 2.26% | 2.92% | 3.10% | 2.66% | 2.62% | 2.46% | 2.37% |
| Return on total capital | 14.66% | 13.63% | 13.12% | 13.73% | 15.41% | 2.22% | 1.73% | 0.36% | -1.02% | 10.95% | 9.95% | 10.16% | 12.06% | 13.53% | 14.85% | 15.36% | 14.94% | 14.75% | 14.23% | 11.41% |
| Return on equity (ROE) | 5.74% | 5.26% | 5.22% | 5.74% | 4.56% | -19.52% | -19.83% | -20.69% | -20.65% | 4.36% | 4.29% | 5.15% | 6.80% | 8.05% | 9.28% | 9.99% | 8.69% | 8.42% | 7.95% | 7.52% |
Based on the provided data, Southwest Gas Holdings Inc has shown variability in its profitability ratios over the analyzed period.
1. Operating Return on Assets (Operating ROA): This ratio measures the company's ability to generate profits from its operational assets. Southwest Gas Holdings Inc's Operating ROA has fluctuated between 3.94% and 5.93% during the period, with a general trend of improvement in recent quarters.
2. Return on Assets (ROA): ROA indicates how efficiently the company is utilizing its assets to generate profits. Southwest Gas Holdings Inc's ROA has been inconsistent, ranging from -5.77% to 3.10%. The company experienced negative ROA in some quarters but has shown signs of recovery in the most recent periods.
3. Return on Total Capital: This ratio reflects the company's ability to generate returns for both equity and debt holders. Southwest Gas Holdings Inc's Return on Total Capital has varied widely, from -1.02% to 15.41%. The company has displayed a mixture of positive and negative returns, with notable improvements in some quarters.
4. Return on Equity (ROE): ROE measures the return generated for the shareholders' equity. Southwest Gas Holdings Inc's ROE has also been inconsistent, ranging from -20.69% to 9.99%. The company faced negative ROE in several quarters but has shown a gradual recovery in recent periods.
Overall, Southwest Gas Holdings Inc's profitability ratios demonstrate a mix of challenges and improvements over the analyzed period, with a focus on enhancing asset efficiency and generating sustainable returns for investors.