Southwest Gas Holdings, Inc.
Southwest Gas Holdings, Inc. is classed by the SEC under Natural Gas Transmisison & Distribution (industry code 4923), based in Las Vegas, NV. Its latest filed balance sheet (2025-12-31) shows total assets of $10 billion (its filed statements).
vs its business-model standard
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a regulated utility: prior from its industry code (SEC 4923, Natural Gas Transmisison & Distribution); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 5.3 out of ten, 8 of 9 metrics filed and 1 estimated: past 4.1 out of ten, present 6.0 out of ten, future 5.4 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
- Surviving crises (past): 1.6 out of ten. 1 warning event since 2017; the latest 2026-01-09. 16th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Track record (past): 7.6 out of ten. +11% a year over 9 filed years; profitable in 7 of 8. 76th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Shareholder treatment (past): 5.3 out of ten. Share count grew 3.3% a year. 22% of cash flow returned. Insiders: 2 sales, 0 purchases. 53rd percentile among 14 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Financial health (present): 7.0 out of ten. ROE 11%: 11¢ of profit per shareholder dollar. Leverage 62%: owes 62¢ per asset dollar. 70th percentile among 19 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Industry position (present): 6.3 out of ten. top 36% of 16 in its family; net margin 2.8%. 64th percentile among 16 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Leadership (present): 3.4 out of ten. bottom 34% of 15 in its family for leadership; chief executive since 2022. 34th percentile among 15 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
- Room to expand (future): 3.6 out of ten. CrossAssetData estimate 3.6/10, confidence 35 of 100 (one part). 36th percentile among 19 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
- Growth drivers (future): 6.3 out of ten. top 37% of 17 in its family for growth drivers. 63rd percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Expectations vs reality (future): 5.4 out of ten. top 46% of 16 in its family for expectations against reality. 54th percentile among 16 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-02-25 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-05 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-05 (on EDGAR). Newest filing: Form 4, 2026-09-29. Filings on record since 2017. Read from EDGAR 2026-10-12.
Who runs it
Haller, Karen S (President and CEO); Brown, Justin L (President/Southwest Gas Corp.); Forsberg, Justin S (SVP/Chief Financial Officer); Stefani, Robert J (SVP/Chief Financial Officer); Gabe, Randall P. (SVP/Chief Administrative OFC); Mazzeo, Catherine M (SVP/Chief Legal/Comp. Officer); Timperley, Amy L. (SVP/Chief Reg. & Public Aff.); Williams, Julie M. (SVP/Cont. Improvement and Opt.); Pineda, Fabio A (VP/Controller/CAO); Carson, Molly R. (director); and 10 more. 20 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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