With a market capitalization (market cap) of $5.98B — a measure of how much the company is worth — Southwest Gas Holdings, Inc. ranks #1,225 among the 2,510 companies tracked, and 56th in Utilities as of October 2, 2026. Shares trade at $82.69, up 1.14% on the day.
of 2,510 tracked
Market-cap change uses historical capitalization records. Share-price returns are a different series — they can diverge when the share count changes. Those returns are not a CAGR until you pick a start value, an ending value, and years. CAGR calculator. Market cap vs. stock price.
Year-end values and the chart both come from historical market-cap records, not from applying today's share count to past prices. Latest historical observation October 2, 2026. Ranking headline cap is the snapshot figure as of October 2, 2026.
| Year | As of | Market cap | Annual change | Year-end close |
|---|---|---|---|---|
| 2026 | Oct 2, 2026 | $6B | +3.44% | $82.69 |
| 2025 | Dec 31, 2025 | $5.8B | +13.84% | $80.02 |
| 2024 | Dec 31, 2024 | $5.09B | +12.15% | $70.71 |
| 2023 | Dec 29, 2023 | $4.54B | +9.19% | $63.35 |
| 2022 |
Ranking figure $5.98B as of October 2, 2026.
Southwest Gas Holdings, Inc.'s ranking market cap is the provider-reported capitalization on the same snapshot as the rest of this site, with a share price of $82.69 as of October 2, 2026. Charts and the year-end table use a separate historical market-cap series, last observed at $6B on October 2, 2026. See how the ranking works.
Live shares outstanding are not on the quote used for price, so this page does not invent a current share count. Shares outstanding vs. float.
The latest annual report (FY 2025) used a weighted-average 72,162,000 shares. That figure is an average for the year, not the live count in the market-cap formula.
Book equity: assets minus liabilities on the latest annual report.
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FY 2025 net worth
Largest U.S.-listed names in the same FMP sector — not a hand-picked competitor set.
| Rank | Company | Market cap | 1D |
|---|---|---|---|
| #97 | NextEra Energy, Inc. NEE | $160.27B | +0.64% |
| #146 | Southern Company (The) Series 2 SOJE | $105.93B | +1.45% |
| #163 | The Southern Company |
Southwest Gas Holdings, Inc., operating through its various subsidiaries, is primarily engaged in the delivery and transportation of natural gas to customers across Arizona, Nevada, and California. The company's operations are segmented into Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage. Beyond its core gas services, it also offers specialized utility infrastructure support, including trenching, the installation and replacement of subterranean pipelines, and ongoing maintenance for energy distribution networks.
Summary from the company profile (Financial Modeling Prep). Principal financial figures above are for FY 2025.
Visit websiteAs of October 2, 2026, Southwest Gas Holdings, Inc. (SWX) is worth $5.98B — that is its market capitalization, the total value of its outstanding shares on MarketCapLens.
A company’s net worth is its shareholders’ equity: assets minus liabilities on the balance sheet. That is book equity, not market cap. For FY 2025, Southwest Gas Holdings, Inc.’s book equity is about $3.96B. Market cap is the market value of the outstanding shares. As of October 2, 2026, its market cap is $5.98B. Book equity is an accounting remainder; market cap is a trading value. Neither is a person’s net worth.
Southwest Gas Holdings, Inc. ranks #1,225 among the 2,510 companies tracked on MarketCapLens. In Utilities it ranks #56 of 87.
Fundamentals are annual. Figures labeled with their fiscal year. Live ratios use the current price against those annual earnings.
| Dec 30, 2022 |
| $4.16B |
| -2.26% |
| $61.88 |
| 2021 | Dec 31, 2021 | $4.25B | — | $70.05 |
|---|
Last observation of each calendar year from historical market-cap records. The current year is through the latest date, not a completed year-end. Share-price close is the matching session for context — we do not rebuild cap from today's share count.
Not in this snapshot
FY 2025
| $98.85B |
| +0.16% |
| #181 | Constellation Energy Corporation CEG | $92.47B | -0.55% |
| #189 | Duke Energy Corporation DUK | $88.98B | +0.34% |
| #218 | National Grid plc NGG | $76.53B | +1.05% |
Companies immediately above and below in the overall ranking. They may be in a different sector.
| Rank | Company | Market cap | 1D |
|---|---|---|---|
| #1222 | Ingredion Incorporated INGR | $6.01B | +0.44% |
| #1223 | DPC Holdings Ltd. DPC | $6B | -2.04% |
| #1224 | Lamb Weston Holdings, Inc. LW | $5.99B | +5.88% |
| #1226 | Macy's, Inc. M | $5.98B | -0.15% |
| #1227 | Maase Inc. MAAS | $5.97B | -13.35% |
| #1228 | NexGen Energy Ltd. NXE | $5.96B | +1.47% |
Southwest Gas Holdings, Inc.’s ranking market cap of $5.98B comes from the same snapshot as the rest of this site, as of October 2, 2026. It is not share price multiplied by the FY 2025 weighted-average share count of 72,162,000. The historical market-cap series last observed $6B on October 2, 2026.
Over the past year, Southwest Gas Holdings, Inc.’s market cap is up 5.98%, using historical market-cap records rather than today’s share count applied to past prices.
Southwest Gas Holdings, Inc. (SWX) shares trade at $82.69, up 1.14% on the day, as of October 2, 2026.
Southwest Gas Holdings, Inc. trades at a live price-to-earnings (P/E) ratio of 13.6, using the latest share price divided by the latest annual earnings per share. That is not the same as a fiscal-year reported P/E.