Southwest Gas Holdings Inc (SWX) — Capital Reinvestment Ratio
Southwest Gas Holdings Inc (SWX) has a Capital Reinvestment Ratio of 2.19x as of June 2026, meaning it reinvests 2% of its operating cash flow ($146.09 Million) in capital expenditures ($320.40 Million). Check Southwest Gas Holdings Inc (SWX) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Southwest Gas Holdings Inc Capital Reinvestment Ratio (1994–2025)
This chart tracks Southwest Gas Holdings Inc's Capital Reinvestment Ratio across 32 annual periods. For the full cash flow conversion analysis, see SWX cash generation efficiency.
Annual Capital Reinvestment Ratio for Southwest Gas Holdings Inc (1994–2025)
Year-by-year Capital Reinvestment Ratio for Southwest Gas Holdings Inc from 1994 to 2025. See SWX cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.45x | $556.08 Million | $807.87 Million | ▲ +108.2% |
| 2024 | 0.70x | $1.36 Billion | $945.92 Million | ▼ -59.3% |
| 2023 | 1.71x | $509.21 Million | $872.52 Million | ▼ -18.8% |
| 2022 | 2.11x | $407.46 Million | $859.42 Million | ▼ -67.2% |
| 2021 | 6.42x | $111.38 Million | $715.63 Million | ▲ +387.5% |
| 2020 | 1.32x | $626.08 Million | $825.11 Million | ▼ -29.7% |
| 2019 | 1.87x | $500.37 Million | $938.15 Million | ▲ +29.5% |
| 2018 | 1.45x | $528.86 Million | $765.91 Million | ▼ -14.1% |
| 2017 | 1.69x | $369.95 Million | $623.65 Million | ▲ +90.5% |
| 2016 | 0.88x | $598.39 Million | $529.53 Million | ▼ -0.8% |
| 2015 | 0.89x | $547.15 Million | $488.00 Million | ▼ -22.2% |
| 2014 | 1.15x | $346.42 Million | $396.90 Million | ▲ +8.9% |
| 2013 | 1.05x | $346.21 Million | $364.28 Million | ▲ +2.7% |
| 2012 | 1.02x | $386.32 Million | $395.71 Million | ▼ -32.2% |
| 2011 | 1.51x | $252.04 Million | $380.99 Million | ▲ +160.3% |
| 2010 | 0.58x | $370.99 Million | $215.44 Million | ▲ +8.6% |
| 2009 | 0.53x | $405.80 Million | $216.99 Million | ▼ -46.6% |
| 2008 | 1.00x | $299.75 Million | $300.22 Million | ▲ +2.2% |
| 2007 | 0.98x | $347.81 Million | $340.88 Million | ▼ -20.1% |
| 2006 | 1.23x | $281.35 Million | $345.32 Million | ▼ -0.9% |
| 2005 | 1.24x | $237.62 Million | $294.37 Million | ▼ -38.0% |
| 2004 | 2.00x | $151.49 Million | $302.69 Million | ▲ +72.5% |
| 2003 | 1.16x | $207.78 Million | $240.67 Million | ▲ +22.2% |
| 2002 | 0.95x | $298.47 Million | $282.85 Million | ▼ -56.2% |
| 2001 | 2.16x | $122.75 Million | $265.58 Million | ▲ +21.4% |
| 2000 | 1.78x | $125.31 Million | $223.24 Million | ▲ +38.6% |
| 1999 | 1.28x | $178.60 Million | $229.50 Million | ▲ +34.4% |
| 1998 | 0.96x | $203.50 Million | $194.60 Million | ▼ -68.2% |
| 1997 | 3.01x | $56.40 Million | $169.60 Million | ▼ -28.3% |
| 1996 | 4.19x | $52.20 Million | $218.80 Million | ▲ +146.7% |
| 1995 | 1.70x | $97.80 Million | $166.20 Million | ▲ +32.7% |
| 1994 | 1.28x | $112.90 Million | $144.60 Million | — |