SWX FY2025 SEC EDGAR DEF 14A #35 of 58 in industry

Southwest Gas Holdings, Inc. CEO pay ratio

The CEO earned $10.0M in FY2025 against median worker pay of $147,777 · Electric, Gas & Sanitary Services.

Electric, Gas & Sanitary Services peers All rankings
State
DE
Filing date
2026-03-23
Industry
Electric, Gas & Sanitary Services
Industry rank
#35/58

Data updated August 2026

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CEO-to-worker pay ratio
68:1
Moderate (Scale: 0–1000:1)
CEO pay
$10.0M
Median worker
$147,777

Answer first

Southwest Gas Holdings, Inc.'s FY2025 CEO total of $10.0M ranks #532 of 1,423 complete filings; its 68:1 pay ratio ranks #840. Dollar rank is not ratio rank.

According to the same FY2025 complete-filing cohort used on the rankings boards (CEO total, median worker, and ratio all present). Median worker pay is $147,777. Industry placement uses the FY2025 SIC-49 peer cohort (# 35 of 58, 41st percentile - below the industry median pay ratio). Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. View all Electric, Gas & Sanitary Services companies.

Dollar rank
#532
$10.0M of 1,423 FY2025
Ratio rank
#840
68:1 of 1,423
Industry pct
41st
below the industry median pay ratio

How Southwest Gas Holdings, Inc. ranks nationally

Southwest Gas Holdings, Inc. CEO pay vs. every FY2025 complete filing

Total CEO compensation, the full national distribution, this company marked

$10,029,409 Top 37% higher than 63% of 1,423 companies

$0–$2,500,000: 304 companies (21%). Below this entry. $2,500,000–$5,000,000: 182 companies (13%). Below this entry. $5,000,000–$7,500,000: 208 companies (15%). Below this entry. $7,500,000–$10,000,000: 192 companies (13%). Below this entry. $10,000,000–$12,500,000: 139 companies (10%). This entry sits in this band. $12,500,000–$15,000,000: 91 companies (6%). Above this entry. $15,000,000–$17,500,000: 88 companies (6%). Above this entry. $17,500,000–$20,000,000: 54 companies (4%). Above this entry. $20,000,000–$22,500,000: 24 companies (2%). Above this entry. $22,500,000–$25,000,000: 34 companies (2%). Above this entry. $25,000,000–$27,500,000: 24 companies (2%). Above this entry. $27,500,000–$30,000,000: 16 companies (1%). Above this entry. $30,000,000–$32,500,000: 10 companies (1%). Above this entry. $32,500,000–$35,000,000: 7 companies (0%). Above this entry. $35,000,000–$37,500,000: 9 companies (1%). Above this entry. $37,500,000–$40,000,000: 6 companies (0%). Above this entry. $40,000,000–$42,500,000: 1 companies (0%). Above this entry. $42,500,000–$45,000,000: 1 companies (0%). Above this entry. $45,000,000–$47,500,000: 6 companies (0%). Above this entry. $47,500,000–$50,000,000: 27 companies (2%). Above this entry. This company $0 $50M+ every complete-filing company, bucketed by value

Each bar is a $2500K-wide band; taller bars hold more companies. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source SEC DEF 14A Section 953(b) disclosures, PlainCEOPay extract · FY2025

Southwest Gas Holdings, Inc. vs. Electric, Gas & Sanitary Services peers

CEO total pay ($10.0M) against pay ratio (68:1) for Southwest Gas Holdings, Inc. (marked) and its 4 closest same-industry peers, against the Electric, Gas & Sanitary Services industry median on both axes.

Pay + gap both highContained pay, wide gapHigh pay, contained gapBelow peer norms on both5564135.37568784.49573433.511578082.613582731.760.1:165.2:170.3:175.3:180.4:1CEO total payPay ratio (CEO : median worker)Southwest Gas Holdings, Inc., CEO total pay: 10029409 · Pay ratio (CEO : median worker): 68:1Southwest Gas Holdings, Inc.Clean Harbors Inc, CEO total pay: 5928617 · Pay ratio (CEO : median worker): 69:1Clean Harbors IncEvergy, Inc., CEO total pay: 7617984 · Pay ratio (CEO : median worker): 64:1Evergy, Inc.PPL Corp, CEO total pay: 13218250 · Pay ratio (CEO : median worker): 74:1PPL CorpWilliams Companies, Inc., CEO total pay: 8739409 · Pay ratio (CEO : median worker): 61:1Williams Companies, Inc.
Southwest Gas Holdings, Inc. vs. Electric, Gas & Sanitary Services peers, plotted against the industry's $9.1M median CEO total and 80:1 median pay ratio.

Ratio bands among Electric, Gas & Sanitary Services peers

Exclusive CEO-to-median-worker bands across 51 complete latest-FY filings in SIC 49. Segments sum to the peer set, not this company's compensation pillar.

CEO Compensation Breakdown, FY2025

A component-level pay breakdown is not reported in Southwest Gas Holdings, Inc.'s structured SEC pay-ratio disclosure. See our methodology →

Filing-year trail · Southwest Gas Holdings, Inc.

Complete DEF 14A pay-ratio filings for this CIK across FY2022–2025. Year-over-year deltas compare adjacent filing years only; incomplete dollar rows are omitted (same completeness gate as the hero figures).

Latest ratio
68:1
FY2025
vs prior FY
-11:1
from FY2024 79:1
CEO $ YoY
+23%
$10.0M latest
Filings shown
4
FY2022–2025
Southwest Gas Holdings, Inc. CEO total compensation, median worker pay, and pay ratio by fiscal year from SEC EDGAR DEF 14A.
FY CEO pay Δ pay Median worker Pay ratio Δ ratio
2022 $4.5M - $86,934 52:1 -
2023 $7.1M +60% $113,533 63:1 +11:1
2024 $8.2M +14% $103,614 79:1 +16:1
2025 $10.0M +23% $147,777 68:1 -11:1

Source: SEC EDGAR DEF 14A pay-ratio disclosures for CIK 1692115, FY2022–2025. Adjacent-year deltas only.

Industry Comparison - Electric, Gas & Sanitary Services

This Company's Ratio
68:1
Industry Median Ratio
80:1
Industry Median CEO Pay
$9.1M
This CEO's Pay
$10.0M
Companies in Industry
58
vs. Industry Median
Below
#35 of 58 by pay ratio in this industry View all companies in Electric, Gas & Sanitary Services →

Southwest Gas Holdings, Inc.: MODEST · HEAVY pay ratio

Southwest Gas Holdings, Inc. disclosed 68:1 CEO-to-worker pay and $10.0M CEO total in FY2025. the CEO earned 68× the median employee ($147,777) in FY2025.

Median employee $147,777 (ELITE-MED); MODEST · HEAVY stamps put about 68 median-wage years per CEO year.

CEO Total Pay

$10.0M

FY2025 Summary Compensation, near median

Pay Ratio

68:1

Near industry median

What FY2025 shows for Southwest Gas Holdings, Inc.

Southwest Gas Holdings, Inc. disclosed 68:1 CEO-to-worker pay and $10.0M CEO total in FY2025. The structured pay-ratio disclosure reports the total without line-item components. Electric, Gas & Sanitary Services (SIC 49) median ratio is 80:1 across 58 FY2025 filers; Southwest Gas Holdings, Inc.'s $10.0M CEO total is above the $9.1M industry median CEO pay.

Dollar rank #532 and ratio rank #840 split - treat 68:1 as a disclosure, not a fairness score. Open Electric, Gas & Sanitary Services peers.

Key Data, FY2025

Total Compensation
$10.0M
Median Employee Pay
$147,777
Pay Ratio
68:1
Filing Date
2026-03-23

Company Info

Ticker
SWX
CIK
1692115
Industry
Electric, Gas & Sanitary Services
SIC Code
4923
State
DE
View SEC filings →
SEC EDGAR DEF 14A for CIK 1692115, FY2025. Informational only, not investment advice. Verify on EDGAR.

Read our methodology - how this data is sourced, computed, and verified. Southwest Gas Holdings, Inc. disclosed 68:1 CEO-to-worker pay and $10.0M CEO total in FY2025.

Read with Southwest Gas Holdings, Inc.

ABS(ceo_total_comp) peers first, then a SIC pole and a stamp-branched guide - not a fixed Related strip. This page stamps MODEST · HEAVY · ELITE-MED.

Tutor Perini Corp · HEAVY

ABS(ceo_total_comp) peer at $10.0M (Δ $49 lighter vs Southwest Gas Holdings, Inc.); MID · HIGH-MED vs this page's MODEST · HEAVY · ELITE-MED.
Ecovyst Inc. · HEAVY

ABS(ceo_total_comp) peer at $10.0M (Δ $6K lighter vs Southwest Gas Holdings, Inc.); MODEST · ELITE-MED vs this page's MODEST · HEAVY · ELITE-MED.
Blue Bird Corp · HEAVY

ABS(ceo_total_comp) peer at $10.0M (Δ $8K lighter vs Southwest Gas Holdings, Inc.); MID · HIGH-MED vs this page's MODEST · HEAVY · ELITE-MED.
Global Business Travel Group, Inc. · HEAVY

ABS(ceo_total_comp) peer at $10.0M (Δ $12K heavier vs Southwest Gas Holdings, Inc.); STEEP · PAR-MED vs this page's MODEST · HEAVY · ELITE-MED.
Clean Harbors Inc (SIC 49 pole)

Clean Harbors Inc stamps MODEST · MID$ nearest in-SIC by ABS(pay_ratio) to Southwest Gas Holdings, Inc.'s MODEST filing.
National dual ranks · #532/#840

Southwest Gas Holdings, Inc.'s FY2025 package sits #532 by CEO dollars and #840 by ratio under HEAVY · MODEST.
Ratio primer · MODEST

Southwest Gas Holdings, Inc.'s MODEST stamp sits in the lower Item 402(u) band - start with how the ratio is disclosed before comparing peers.
Data sourced from SEC EDGAR DEF 14A for Southwest Gas Holdings, Inc. (CIK 1692115), FY2025. See our methodology. Aggregated by PlainCEOPay as of August 2026.

Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed August 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.