Southwest Gas Holdings Inc (SWX)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 201,189 | 181,602 | 182,170 | 192,715 | 150,889 | -632,359 | -646,908 | -681,867 | -631,600 | 148,722 | 148,464 | 179,664 | 200,779 | 234,380 | 264,229 | 277,075 | 232,324 | 220,498 | 207,578 | 191,669 |
| Total stockholders’ equity | US$ in thousands | 3,504,190 | 3,455,390 | 3,492,760 | 3,356,240 | 3,310,040 | 3,238,740 | 3,262,830 | 3,296,160 | 3,058,760 | 3,412,920 | 3,458,850 | 3,489,080 | 2,953,820 | 2,909,820 | 2,846,880 | 2,773,720 | 2,674,950 | 2,619,240 | 2,611,300 | 2,547,900 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $201,189K ÷ $3,504,190K
= 5.74%
Southwest Gas Holdings Inc's return on equity (ROE) has shown fluctuations over the past few years, starting at 7.52% in March 2020 and reaching a peak of 9.99% in March 2021. However, the ROE started to decline after that, dropping to 4.29% by June 2022. There was a significant negative dip in ROE at the end of 2022, with -20.65% in December. This negative trend continued into the first half of 2023, with ROE remaining in the negative territory.
There was a turnaround in the latter half of 2023, with ROE improving to 4.56% by December. The positive momentum continued into 2024, with ROE ranging between 5.22% and 5.74%. Overall, the ROE of Southwest Gas Holdings Inc has been volatile, showing a mix of positive and negative trends in recent years, indicating fluctuations in profitability relative to shareholders' equity. Additional analysis and context would be needed to understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024