Southwest Gas Holdings, Inc. SWX NYSE

Southwest Gas Holdings, Inc. (SWX) generated $556.08M in operating cash flow for fiscal year 2025. After capital expenditures of $807.87M, free cash flow was $-251.79M.

Free cash flow margin was -13% of revenue. Cash conversion ratio was 2.32x, indicating earnings are backed by cash.

The company returned $178.51M in dividends to shareholders during the period.

Criteria supported by this page:

• HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (53/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (85/100) — Cash conversion ratio was 2.32x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 60/100 with 2/7 criteria passed.