SWX Southwest Gas Holdings, Inc.
XNYS
90.11
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SWX
$90.11
—
Key stats
$90.11
After hours
$91.08
+0.00%
- 52-Week Range
- $76.99 – $94.47
- YTD
- +12.43%
- IV Rank (30D)
- 61.0
- Straddle Price
- $5.15
- P/C Vol Ratio
- 2.00
- Market Cap
- $6.4B
- Open
- $89.23
- Day Range
- $88.84 – $91.25
- Volume
- 669,968
- Prev Close
- $88.42
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.61 |
| Cost of Equity (CAPM) | 8.18% (VRP-adj) |
| WACC | 6.94% |
| Volatility Risk Premium | +33.1pp (IV − HV30) |
| Effective Tax Rate | 31.1% |
| Rev. Growth (YoY, DCF input) | -9.6% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $-0.5B |
| Return on Equity (TTM) | 12.6% |
| Book / Price | 64.4% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 85.2% |
| FCF Margin (TTM) | -27.7% |
| Debt / Equity | 0.83 |
| Quality Score | 2/6 — normal (10y DCF) |
| SMA 50 | $86.80 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $84.21 |
| Bollinger Width / SMA20 | 13.1% (drives anchor stability) |
| Net Debt | $3.1B |
| Market Cap | $6B |
Peers used for multiples: KMI, NEE, NI, OKE
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
32%
20-Day Fair Value
≈ by Nov 20, 2026
$91.99
α +1.0%
rank 29%
conviction
60%
40-Day Fair Value
≈ by Dec 21, 2026
$92.14
α +1.2%
rank 29%
conviction
38%
60-Day Fair Value
≈ by Jan 19, 2027
$90.30
α -0.9%
rank 29%
conviction
32%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $16.11 | 19% | |
| Peer P/E | $140.71 | 7% | median 19.6× · 4 peers |
| Peer EV/EBITDA | $86.24 | 7% | median 12.1× · 4 peers |
| Peer P/B | $139.70 | 7% | median 2.5× · 4 peers |
| Peer P/S | $85.73 | 7% | median 3.6× · 4 peers |
| Market Anchor (SMA50) | $86.80 | 40% | stability 84% (BB-width) |
| Options Expected (B-L 30d) | $88.70 | 13% | 11 strikes · skew -1.25 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- NATURAL GAS TRANSMISSION & DISTRIBUTION (4923) · industry map
- Exchange
- XNYS
- Market Cap
- $6.4B
- Employees
- 2,453
- List Date
- 1972-06-01
- CIK
- 0001692115
- Next Earnings
- 2026-11-04 (Pre-Market)
- EPS Forecast
- $0.18 (3 est.)
- Headquarters
- Las Vegas, NV
- Homepage
- https://www.swgasholdings.com
Southwest Gas Holdings Inc is a utility company engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas distribution segment. The Natural gas distribution segment encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. Its division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.87% | -0.94% | 8.34% | -8.34% | 6.22% | 3.33% | 1.58% |
| Feb | 2.62% | 4.11% | -6.11% | 13.72% | -0.48% | 7.42% | 3.55% |
| Mar | 7.97% | 12.50% | 4.54% | 9.37% | -5.30% | -1.81% | 4.54% |
| Apr | 2.17% | 10.08% | -7.13% | -1.27% | 0.40% | 7.47% | 1.95% |
| May | -6.91% | 6.89% | 3.67% | 3.99% | -2.01% | -7.50% | -0.31% |
| Jun | -1.46% | -6.47% | 9.74% | -7.59% | 3.84% | 4.96% | 0.50% |
| Jul | 4.54% | -1.18% | 3.29% | 7.09% | 3.88% | 1.10% | 3.12% |
| Aug | -1.03% | -11.56% | -6.01% | -1.46% | 2.61% | -1.60% | -3.18% |
| Sep | -6.74% | -12.16% | -2.82% | 2.70% | -0.68% | -8.74% | -4.74% |
| Oct | 2.23% | 3.00% | -0.88% | -0.43% | 2.07% | 11.40%* | 2.90% |
| Nov | -5.77% | -5.72% | 1.90% | 8.48% | 2.57% | -- | 0.29% |
| Dec | 7.79% | -8.03% | 5.04% | -9.53% | -3.10% | -- | -1.57% |
| Total | 4.95% | -12.46% | 12.46% | 14.55% | 9.84% | 15.01% | 7.39% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $84.70
SMA 50: $86.78
SMA 200: $87.93
Current: $91.08
EMA 12: $86.93
EMA 26: $86.06
MACD: 0.8642 | Signal: 0.9174
BEARISH
ADX (14): 29.93
TREND
+DI: 31.13
−DI: 9.57
Momentum Oscillators
RSI (14): 68.62
NEUTRAL
Stoch %K: 90.77
Stoch %D: 88.14
Williams %R: -1.83
Volume & Volatility
BB Upper: $90.05
BB Lower: $79.35
OVERBOUGHT
OBV: 8,810,852
Vol SMA 20: 657,752
Vol ROC: -3.92%
ATR: $1.76
True Range: $2.83
HV 20: 19.4%
HV 30: 19.3%
HV 60: 18.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
System Prompt: You are a professional financial analyst providing comprehensive stock analysis reports.
SYMBOL: SWX
Executive Summary: BULLISH (Confidence Level: 7/10)
Key drivers:
- Bullish MACD signal and RSI reading above 30
- Recent news headlines highlighting dividend declarations, signaling stable earnings and corporate fundamentals
- Historical volatility levels relatively low
Primary risks:
- High beta (-0.04) indicating inverse correlation with market
- Potential for increased volatility if market turns bearish
Investment thesis: SWX is a dividend-paying stock with a stable history of earnings growth. The recent bullish momentum signals a potential uptrend, supported by the company's consistent dividend payments and relatively low historical volatility.
Recent news sentiment impact: The overall positive news sentiment surrounding SWX's dividend declarations has contributed to the current bullish momentum.
Technical Analysis: Trend Direction: Medium-term (1-3 months)
- Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- SMA 20: $91.59
- SMA 50: $90.24
- SMA 200: $86.44
- Momentum Signals:
- RSI (14): 56.50 (neutral)
- MACD signal line crossover above the MACD histogram, indicating bullish momentum
- Bollinger Bands neutral
News & Sentiment Analysis: Recent Headlines Summary: Recent news headlines highlight SWX's consistent dividend declarations, signaling stable earnings and corporate fundamentals.
Sentiment Assessment: Aggregate news sentiment is POSITIVE (75% positive, 25% neutral).
Catalyst Identification: No upcoming catalysts or events that would significantly impact the stock price.
Market Narrative: The recent bullish momentum is supported by SWX's consistent dividend payments and relatively low historical volatility.
Risk & Volatility Assessment: Beta Interpretation: High beta (-0.04) indicating inverse correlation with market.
Volatility Regime: Current vs historical volatility levels: + Stock volatility: 0.18 + Historical volatility (HV20, HV30, HV60): 16.6%, 18.0%, 17.9%
Options Market Signals: IV rank is 21.9% (Low), indicating historically low volatility.
Downside Protection: Support levels and risk management considerations: + SMA 200: $86.44 + Lower Bollinger Band: $89.22
Market Context & Positioning: Sector Performance: Relative strength vs sector/market: + SWX outperforms the sector and market.
Institutional Activity: Volume patterns suggesting institutional interest:
- On-Balance Volume (OBV): 12680989.42
- Volume Rate of Change: -57.14%
Correlation Analysis: How stock moves relative to market (R-squared interpretation): + Correlation coefficient: -0.03
Relative Valuation: Position within trading range: + SWX is relatively undervalued compared to historical levels.
Key Levels & Action Items: Critical Price Levels: Support/resistance to monitor:
- SMA 20: $91.59
- SMA 50: $90.24
- SMA 200: $86.44
- Lower Bollinger Band: $89.22
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Upper Bollinger Band: $93.95
Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches: + No upcoming catalysts or events that would significantly impact the stock price.
Risk Management: Stop-loss levels and position sizing considerations: + Set stop-loss at SMA 200 ($86.44) + Consider reducing position size due to high beta (-0.04)
Generated
News
All SWX news →
Earnings History
18 of 21 under expected move
Avg Expected Move
6.04%
Avg Actual Move
2.38%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-11-09 | Pre-Market | 1.06% | 1.28% | 1.21x | Exceeded |
| 2022-03-01 | Pre-Market | 3.88% | 1.90% | 0.49x | Within |
| 2022-05-09 | Pre-Market | 13.50% | 3.48% | 0.26x | Within |
| 2022-08-09 | Pre-Market | 6.44% | 0.99% | 0.15x | Within |
| 2022-11-09 | Pre-Market | 8.30% | 5.01% | 0.60x | Within |
| 2023-02-28 | Pre-Market | 1.85% | 1.44% | 0.78x | Within |
| 2023-05-09 | Pre-Market | 5.72% | 0.66% | 0.12x | Within |
| 2023-08-09 | Pre-Market | 5.20% | 5.62% | 1.08x | Exceeded |
| 2023-11-08 | Pre-Market | 6.83% | 0.30% | 0.04x | Within |
| 2024-02-28 | Pre-Market | 8.76% | 7.26% | 0.83x | Within |
| 2024-05-08 | Pre-Market | 4.00% | 0.66% | 0.17x | Within |
| 2024-08-06 | Pre-Market | 7.42% | 2.16% | 0.29x | Within |
| 2024-11-06 | Pre-Market | 6.86% | 0.03% | 0.00x | Within |
| 2025-02-26 | Pre-Market | 8.83% | 2.48% | 0.28x | Within |
| 2025-05-12 | Pre-Market | 5.55% | 7.77% | 1.40x | Exceeded |
| 2025-08-06 | After-Close | 5.34% | 0.56% | 0.10x | Within |
| 2025-11-05 | Pre-Market | 5.34% | 4.07% | 0.76x | Within |
| 2026-01-09 | Pre-Market | 5.10% | 0.36% | 0.07x | Within |
| 2026-02-25 | After-Close | 6.40% | 1.54% | 0.24x | Within |
| 2026-05-05 | Pre-Market | 4.51% | 0.64% | 0.14x | Within |
| 2026-08-05 | Pre-Market | 5.87% | 1.82% | 0.31x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
SWX Options Activity & IV Rank
SWX IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 25.1%
7-DTE IV: —
Expected Move: $5.15
7-DTE Move: $5.15
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 5
Put Volume: 10
P/C Volume: 2.0
BEARISH
Call OI: 6
Put OI: 10
P/C OI: 1.667
Total OI: 16
ATM Options Pricing
ATM Call: $2.75
ATM Put: $2.40
Call %: 3.1%
Put %: 2.7%
Chain Summary
Chain Volume: 115
Chain OI: 137
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 89th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
89%
vs own history
GEX tilt
+0.65
OI-weighted, today
Vanna tilt
-0.14
δ-sensitivity to IV
Charm tilt
+0.05
δ-decay vs time
? What is this?
· 5 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 25.5% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)61.0MediumOct 22
Straddle Price (30 DTE)$5.15Oct 22
Beta Analysis
Risk Metrics
Beta: -0.1237
Alpha: 16.36%
Correlation: -0.0850
R-Squared: 0.7%
Stock Volatility: 18.5%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own SWX
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Icahn Capital / Icahn Enterprises Family office Carl Icahn, Brett Icahn | $686.1M | #3 of 15 | — | Form 4 · 10% owner | |
| Renaissance Technologies Hedge fund Jim Simons | $38.9M | #421 of 3138 | -4.4% | 13F | |
| Point72 Hedge fund Steve Cohen | $29.6M | #471 of 1945 | -35.2% | 13F | |
| Citadel Hedge fund Ken Griffin | $21.0M | #1120 of 6285 | -45.7% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $12.8M | #1410 of 3716 | +156.5% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $326K | #2317 of 4729 | -0.4% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
SWX Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 72,493,250 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
1 filers$397.95K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Wolverine Trading, LLC Custodian | $397.95K | 100.00% | 2025-09-30 |
1 filers$443.40K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $443.40K | 100.00% | 2026-06-30 |
SWX Insider Trading (Form 4)
Latest: 2026-09-29Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-29 | Julie M. Williams | SVP/Cont. Improvement and Opt. | Sell (S) | −2,500 | $81.81 | -$204.5K | EDGAR |
| 2026-05-13 | Leezie Kim | Director | Award (A) | +1,196 | — | EDGAR | |
| 2026-05-13 | Molly R. Carson | Director | Award (A) | +1,196 | — | EDGAR | |
| 2026-03-03 | Justin S Forsberg | SVP/Chief Financial Officer | Tax (F) | −519 | $80.02 | -$41.6K | EDGAR |
| 2026-03-03 | Randall P. Gabe | SVP/Chief Administrative OFC | Tax (F) | −2,171 | $80.02 | -$173.8K | EDGAR |
| 2026-03-03 | Justin L Brown | President/Southwest Gas Corp. | Tax (F) | −10,046 | $82.44 | -$828.3K | EDGAR |
| 2026-03-03 | Catherine M Mazzeo | SVP/Chief Legal/Comp. Officer | Tax (F) | −543 | $80.02 | -$43.5K | EDGAR |
| 2026-03-03 | Julie M. Williams | SVP/Cont. Improvement and Opt. | Tax (F) | −3,472 | $80.02 | -$277.9K | EDGAR |
| 2026-03-03 | Amy L. Timperley | SVP/Chief Reg. & Public Aff. | Tax (F) | −1,182 | $80.02 | -$94.6K | EDGAR |
| 2026-03-03 | Karen S Haller | President and CEO | Tax (F) | −13,105 | $80.02 | -$1.05M | EDGAR |
| 2026-02-23 | Carlos Ruisanchez | Director | Award (A) | +1,725 | — | EDGAR | |
| 2026-02-23 | Brian E Sandoval | Director | Award (A) | +1,725 | — | EDGAR | |
| 2026-02-23 | Julie M. Williams | SVP/Cont. Improvement and Opt. | Award (A) | +11,818 | — | EDGAR | |
| 2026-02-23 | Leslie T Thornton | Director | Award (A) | +1,725 | — | EDGAR | |
| 2026-02-23 | Ruby Sharma | Director | Award (A) | +1,725 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
SWX Insider Holdings
26 insiders · @ $91.08
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | ICAHN PARTNERS MASTER FUND LP | 10%+ Owner | 9,632,604 | $877.34M | $347.07M | 8 | 2024-11-20 |
| 2 | Carl C Icahn | 10%+ Owner | 7,532,604 | $686.07M | -$469.98M | 2 | 2025-03-25 |
| 3 | ICAHN PARTNERS LP | 10%+ Owner | 6,032,604 | $549.45M | -$224.64M | 6 | 2025-09-26 |
| 4 | Karen S Haller | President and CEO | 188,296 | $17.15M | -$200.7K | 42 | 2026-03-03 |
| 5 | Anne L Mariucci | Director | 50,100 | $4.56M | $0 | 17 | 2026-02-23 |
| 6 | A. Randall Thoman | Director | 42,738 | $3.89M | $0 | 17 | 2025-02-24 |
| 7 | Justin L Brown | President/Southwest Gas Corp. | 31,281 | $2.85M | -$518.5K | 37 | 2026-03-03 |
| 8 | Julie M. Williams | SVP/Cont. Improvement and Opt. | 28,934 | $2.64M | -$204.5K | 17 | 2026-09-29 |
| 9 | Robert J Stefani | SVP/Chief Financial Officer | 28,444 | $2.59M | -$1.47M | 16 | 2025-11-26 |
| 10 | Randall P. Gabe | SVP/Chief Administrative OFC | 25,351 | $2.31M | $0 | 13 | 2026-03-03 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
SWX Board & Officers
As of SEC filings through Sep 29, 2026Directors 10
- Jane Lewis-Raymond · since Jan 1, 2019
- Leslie T Thornton · since Jan 1, 2019
- Carlos Ruisanchez · since Jan 1, 2022
- E Renae Conley · since Jan 1, 2022
- Andrew W Evans · since May 19, 2022
- Henry P Linginfelter · since May 19, 2022
- Ruby Sharma · since Aug 9, 2022
- Brian E Sandoval · since May 1, 2025
- Leezie Kim · since May 7, 2026
- Molly R. Carson · since May 7, 2026
Officers 7
- Justin L Brown · President/Southwest Gas Corp. · listed since Dec 2022
- Justin S Forsberg · SVP/Chief Financial Officer · since Dec 1, 2025
- Randall P. Gabe · SVP/Chief Administrative OFC · since Mar 3, 2023
- Catherine M Mazzeo · SVP/Chief Legal/Comp. Officer · since Jul 31, 2024
- Amy L. Timperley · SVP/Chief Reg. & Public Aff. · listed since Feb 2025
- Julie M. Williams · SVP/Cont. Improvement and Opt. · listed since Dec 2023
- Fabio A Pineda · VP/Controller/CAO · since Jul 17, 2025
Changes in the last 10 years (60)
| May 7, 2026 | Molly R. Carson became a director |
| May 7, 2026 | Leezie Kim became a director |
| Feb 19, 2026 | The company announced the departure of Karen S Haller as President and CEO in an SEC filing |
| Feb 6, 2026 | The company announced the departure of Anne L Mariucci from the board in an SEC filing |
| Dec 31, 2025 | The company announced the departure of Andrew Teno from the board in an SEC filing |
| Dec 1, 2025 | Justin S Forsberg became SVP/Chief Financial Officer |
| Nov 5, 2025 | The company announced the departure of Robert J Stefani as SVP/CFO/Controller in an SEC filing |
| Sep 26, 2025 | Icahn Partners Master Fund LP reported in an SEC filing no longer being a 10% owner |
| Sep 26, 2025 | Icahn Partners LP reported in an SEC filing no longer being a 10% owner |
| Sep 26, 2025 | Carl C Icahn reported in an SEC filing no longer being a 10% owner |
| Jul 17, 2025 | Fabio A Pineda became VP/Controller/CAO |
| Jun 30, 2025 | Robert J Stefani listed as SVP/CFO/Controller (previously SVP/Chief Financial Officer) in SEC filings |
| May 1, 2025 | Brian E Sandoval became a director |
| Mar 9, 2025 | The company announced the departure of Lori L Colvin as VP/Controller/CAO in an SEC filing |
| Feb 13, 2025 | Amy L. Timperley listed as SVP/Chief Reg. & Public Aff. (previously SVP/Chief Reg. & Fin. Planning) in SEC filings |
| Jul 31, 2024 | Catherine M Mazzeo became SVP/Chief Legal/Comp. Officer |
| Jan 1, 2024 | William Fehrman became CEO Designate/Centuri Group |
| Dec 28, 2023 | Julie M. Williams listed as SVP/Cont. Improvement and Opt. (previously SVP/Chief Operations Officer) in SEC filings |
| Nov 20, 2023 | The company announced the departure of Paul M Daily as CEO/Centuri Group, Inc. in an SEC filing |
| Mar 10, 2023 | Icahn Partners Master Fund LP first on file as a 10% owner |
| Mar 10, 2023 | Icahn Partners LP first on file as a 10% owner |
| Mar 10, 2023 | Carl C Icahn first on file as a 10% owner |
| Mar 3, 2023 | Randall P. Gabe became SVP/Chief Administrative OFC |
| Mar 1, 2023 | Amy L. Timperley became SVP/Chief Reg. & Fin. Planning |
| Dec 30, 2022 | Robert J Stefani listed as SVP/Chief Financial Officer (previously Finance Leader) in SEC filings |
| Dec 30, 2022 | Justin L Brown listed as President/Southwest Gas Corp. (previously SVP/General Counsel) in SEC filings |
| Nov 21, 2022 | Robert J Stefani became Finance Leader |
| Oct 11, 2022 | Karen S Haller listed as President and CEO (previously EVP/Chief Legal/Admin Officer) in SEC filings (predecessor company) |
| Aug 9, 2022 | The company announced the departure of Jose A Cardenas from the board in an SEC filing |
| Aug 9, 2022 | Ruby Sharma became a director |
| Jun 6, 2022 | The company announced the departure of John P Hester from the board in an SEC filing |
| Jun 1, 2022 | Thomas E. Moran became VP/General Counsel/Corp. Sec |
| Jun 1, 2022 | Julie M. Williams became SVP/Chief Operations Officer |
| Jun 1, 2022 | Boyd S. Nelson became VP/Strategy & Inv Relations |
| May 27, 2022 | The company announced the departure of H Russell Frisby Jr from the board in an SEC filing |
| May 27, 2022 | The company announced the departure of Gregory J Peterson as SVP/Chief Financial Officer in an SEC filing |
| May 27, 2022 | Andrew Teno became a director |
| May 19, 2022 | Henry P Linginfelter became a director |
| May 19, 2022 | H Russell Frisby Jr became a director |
| May 19, 2022 | Andrew W Evans became a director |
| May 6, 2022 | The company announced the departure of Thomas A Thomas from the board in an SEC filing |
| May 6, 2022 | The company announced the departure of Robert L Boughner from the board in an SEC filing |
| May 5, 2022 | The company announced the departure of John P Hester as President and CEO in an SEC filing |
| Mar 24, 2022 | The company announced the departure of Eric DeBonis as SVP/Operations in an SEC filing |
| Jan 1, 2022 | E Renae Conley became a director |
| Jan 1, 2022 | Carlos Ruisanchez became a director |
| Nov 5, 2021 | The company announced the departure of Stephen C Comer from the board in an SEC filing |
| Nov 5, 2021 | The company announced the departure of Michael J Melarkey from the board in an SEC filing |
| Mar 4, 2020 | Paul M Daily listed as CEO/Centuri Group, Inc. (previously Executive Officer) in SEC filings |
| Dec 6, 2019 | Karen S Haller listed as EVP/Chief Legal/Admin Officer (previously EVP/Chief Legal/Admin/Corp Sec) in SEC filings (predecessor company) |
| Dec 5, 2019 | Kenneth J Kenny listed as VP/Finance/Treasurer (previously VP/Finance/Treasur) in SEC filings (predecessor company) |
| Jul 1, 2019 | Jose Luis Esparza Jr became SVP/IS/Customer Engagement |
| May 17, 2019 | John P Hester first listed as a director in an SEC filing |
| Jan 1, 2019 | Leslie T Thornton became a director |
| Jan 1, 2019 | Jane Lewis-Raymond became a director |
| Dec 20, 2018 | Gregory J Peterson listed as SVP/Chief Financial Officer (previously VP/Controller/CAO) in SEC filings (predecessor company) |
| May 23, 2018 | Karen S Haller listed as EVP/Chief Legal/Admin/Corp Sec (previously SVP/General Counsel/Corp. Secr) in SEC filings (predecessor company) |
| May 2, 2018 | Lori L Colvin became VP/Controller/CAO |
| May 2, 2018 | Justin L Brown became SVP/General Counsel |
| May 3, 2017 | Paul M Daily became Executive Officer |
Not reported recently (11)
- A. Randall Thoman · Last reported as a director in an SEC filing dated Feb 24, 2025
- Thomas E. Moran · Last reported as VP/General Counsel/Corp. Sec in an SEC filing dated May 3, 2024
- William Fehrman · Last reported as CEO Designate/Centuri Group in an SEC filing dated Jan 5, 2024
- Kenneth J Kenny · Last reported as VP/Finance/Treasurer in an SEC filing dated Feb 24, 2023
- Boyd S. Nelson · Last reported as VP/Strategy & Inv Relations in an SEC filing dated Jun 6, 2022
- Jose Luis Esparza Jr · Last reported as SVP/IS/Customer Engagement in an SEC filing dated Dec 17, 2021
- Thomas E Chestnut · Last reported as a director in an SEC filing dated Feb 26, 2020
- Anita M Romero · Last reported as SVP/Staff Operations and Tech in an SEC filing dated Mar 14, 2019
- Leroy C Hanneman · Last reported as a director in an SEC filing dated Mar 4, 2019
- Roy R Centrella · Last reported as SVP/Chief Financial Officer in an SEC filing dated Mar 2, 2018
- Terrence Wright · Last reported as a director in an SEC filing dated Feb 27, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
SWX Proposed Insider Sales (Form 144)
Latest: 2026-09-28
? Form 144 Guide
Last 30d:
1 filing
· $205K notice value
· Last 90d:
1 filing
· $205K notice value
· 1 unique filer
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Williams Julie M. (1, $205K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-28 | Williams Julie M. | Officer | 2,500 | $204.5K | 2026-09-28 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-03-04 | Teno Andrew | Director | 8,211 | $724.6K | 2026-03-04 | Charles Schwab Corp. | — | EDGAR |
| 2026-01-09 | Brown Justin L | Officer | 3,028 | $245.5K | 2026-01-09 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2025-06-27 | Stefani Robert J | Officer | 7,000 | $525.0K | 2025-06-27 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-03-28 | Stefani Robert J | Officer | 2,000 | $145.1K | 2025-03-28 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-11-19 | Icahn Partners LP | Stockholder | 1,390,000 | $106.67M | 2024-11-19 | J.P. Morgan Securities LLC | — | EDGAR |
| 2024-08-27 | ROBERT J STEFANI | Officer | 10,233 | $742.5K | 2024-08-27 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2024-08-26 | ROBERT J STEFANI | Officer | 767 | $56.1K | 2024-08-26 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2024-05-10 | Brown Justin L | Officer | 2,625 | $200.7K | 2024-05-10 | The Charles Schwab Corporation | — | EDGAR |
| 2024-04-01 | Daily Paul M | Officer | 2,000 | $150.3K | 2024-04-01 | Charles Schwab Corp | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-11
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-11 | 0001692115-26-000090 | EDGAR |
| 2026-05-05 | 0001692115-26-000086 | EDGAR |
| 2026-02-25 | 0001692115-26-000060 | EDGAR |
| 2026-02-25 | 0001193125-26-071537 | EDGAR |
| 2026-02-12 | 0001193125-26-047540 | EDGAR |
| 2026-02-11 | 0001193125-26-045442 | EDGAR |
| 2026-01-09 | 0001692115-26-000004 | EDGAR |
| 2026-01-02 | 0001193125-26-000920 | EDGAR |
| 2025-11-26 | 0001193125-25-300528 | EDGAR |
| 2025-11-05 | 0001692115-25-000147 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-25 | 0001692115-26-000062 | EDGAR |
| 2025-02-26 | 0001692115-25-000082 | EDGAR |
| 2024-02-28 | 0001692115-24-000038 | EDGAR |
| 2023-02-28 | 0001692115-23-000056 | EDGAR |
| 2022-03-01 | 0001692115-22-000005 | EDGAR |
| 2021-02-25 | 0001692115-21-000008 | EDGAR |
| 2020-03-02 | 0001692115-20-000016 | EDGAR |
| 2019-02-28 | 0001692115-19-000013 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-05 | 0001692115-26-000088 | EDGAR |
| 2025-11-05 | 0001692115-25-000149 | EDGAR |
| 2025-08-06 | 0001692115-25-000141 | EDGAR |
| 2025-05-12 | 0001692115-25-000119 | EDGAR |
| 2024-11-06 | 0001692115-24-000114 | EDGAR |
| 2024-08-06 | 0001692115-24-000099 | EDGAR |
| 2024-05-08 | 0001692115-24-000080 | EDGAR |
| 2023-11-08 | 0001692115-23-000143 | EDGAR |
| 2023-08-09 | 0001692115-23-000133 | EDGAR |
| 2023-05-09 | 0001692115-23-000110 | EDGAR |
ETF Holders
136 ETFs hold SWX
25 shown · $1.47B total exposure · 0.24% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJH iShares Core S&P Mid-Cap ETF | iShares (BlackRock) | 0.19% | $231.4M | $123.0B | 2026-10-20 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $178.7M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.22% | $168.4M | $75.1B | 2026-10-20 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.07% | $126.2M | — | 2026-09-30 |
| 5 | DVY iShares Select Dividend ETF | iShares (BlackRock) | 0.48% | $112.3M | $23.2B | 2026-10-20 |
| 6 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.13% | $82.1M | — | 2026-09-30 |
| 7 | VXF Vanguard Extended Market ETF | Vanguard | 0.07% | $66.3M | — | 2026-09-30 |
| 8 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.44% | $61.0M | $13.7B | 2026-10-20 |
| 9 | MDY State Street® SPDR® S&P MIDCAP 400® ETF Trust | SPDR (State Street) | 0.19% | $48.4M | $25.8B | 2026-10-20 |
| 10 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.14% | $46.6M | — | 2026-10-20 |
| 11 | VPU Vanguard Utilities ETF | Vanguard | 0.40% | $37.5M | — | 2026-09-30 |
| 12 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.20% | $35.0M | — | 2026-09-30 |
| 13 | SPMD State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF | SPDR (State Street) | 0.19% | $34.8M | $18.4B | 2026-10-20 |
| 14 | FVD First Trust Value Line® Dividend Index Fund | First Trust | 0.43% | $33.8M | $7.9B | 2026-10-20 |
| 15 | IJJ iShares S&P Mid-Cap 400 Value ETF | iShares (BlackRock) | 0.38% | $32.8M | $8.5B | 2026-10-20 |
| 16 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.12% | $26.7M | — | 2026-05-31 |
| 17 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.38% | $25.3M | $6.6B | 2026-10-20 |
| 18 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.02% | $23.9M | — | 2026-09-30 |
| 19 | DON WisdomTree U.S. Midcap Dividend Fund | Nport | 0.50% | $19.6M | — | 2026-06-30 |
| 20 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $14.6M | — | 2026-10-20 |
| 21 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.16% | $14.4M | — | 2026-05-31 |
| 22 | HDV iShares Core High Dividend ETF | iShares (BlackRock) | 0.09% | $13.5M | $15.6B | 2026-10-20 |
| 23 | TPYP Tortoise North American Pipeline ETF | Nport | 1.53% | $12.8M | — | 2026-05-31 |
| 24 | USVM VictoryShares US Small Mid Cap Value Momentum ETF | Nport | 0.69% | $12.1M | — | 2026-06-30 |
| 25 | MDYV State Street® SPDR® S&P 400™ Mid Cap Value ETF | SPDR (State Street) | 0.38% | $10.6M | $2.8B | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
12.70
TTM Diluted EPS
$7.17
TTM Revenue
$1.74B
TTM Net Income
$519.34M
TTM Op. Cash Flow
$446.69M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $358.15M | $42.12M | $0.58 | $146.09M |
| Q4 '25 | 2025-12-31 | $480.74M | $68.36M | $0.94 | $81.69M |
| Q3 '25 | 2025-09-30 | $316.91M | $270.48M | $3.74 | $56.77M |
| Q2 '25 | 2025-06-30 | $396.32M | $-40.15M | $-0.56 | $126.34M |
| Q1 '25 | 2025-03-31 | $1.30B | $113.87M | $1.58 | $291.27M |
| Q4 '24 | 2024-12-31 | $553.06M | $92.46M | $1.28 | $201.59M |
| Q3 '24 | 2024-09-30 | $359.13M | $289.00K | — | $303.91M |
| Q2 '24 | 2024-06-30 | $1.18B | $18.33M | $0.25 | $306.58M |
| Q1 '24 | 2024-03-31 | $1.58B | $87.74M | $1.22 | $543.71M |
| Q4 '23 | 2023-12-31 | $1.37B | $72.87M | $1.03 | $310.78M |
| Q3 '23 | 2023-09-30 | $1.17B | $3.23M | $0.04 | $186.25M |
| Q2 '23 | 2023-06-30 | $1.29B | $28.88M | $0.40 | $197.93M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-05
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
12.70
P/B
1.60
P/S
3.79
EV/EBITDA
12.55
EV/Sales
5.60
ROE
12.6%
ROA
5.0%
Div Yield
2.82%
FCF Yield
6.77%
Debt/Equity
0.83
Current Ratio
—
Market Cap
$6.60B
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
2.87M
SI % of Float
3.99%
Days to Cover
2.96
Short Vol Ratio
74.7%
Free Float
72.01M
Float %
99.4%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-24