Southwest Gas Holdings, Inc. (SWX) Return on equity 2016–2023
Southwest Gas Holdings, Inc. (SWX) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
4.6%FY2023 · since FY2016: 9.1% → 4.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2023 | 4.6% | +11.2 pp |
| FY2022 | -6.6% | -13.4 pp |
| FY2021 | 6.8% | -1.9 pp |
| FY2020 | 8.7% | +0.1 pp |
| FY2019 | 8.5% | +0.4 pp |
| FY2018 | 8.1% | -2.6 pp |
| FY2017 | 10.7% | +1.5 pp |
| FY2016 | 9.1% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice