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Southwest Gas Holdings Valuation Multiples

Discover revenue and EBITDA valuation multiples for Southwest Gas Holdings and similar public comparables like Chrysos Corp., APA Group, and AGL Energy.

Southwest Gas Holdings Overview

About Southwest Gas Holdings

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 and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. The natural gas distribution division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.


Founded

1931

HQ

United States of America
Employees

2.4K+

Financials

LTM Revenue $5.1B

LTM EBITDA $993M

EV

$10.0B

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Southwest Gas Holdings Financials

Southwest Gas Holdings has a last 12-month revenue (LTM) of $5.1B and a last 12-month EBITDA of $993M.

In the most recent fiscal year, Southwest Gas Holdings achieved revenue of $5.1B and an EBITDA of $977M.

Southwest Gas Holdings expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Southwest Gas Holdings P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $5.1B XXX $5.1B XXX XXX XXX
Gross Profit $4.0B XXX $1.0B XXX XXX XXX
Gross Margin 79% XXX 20% XXX XXX XXX
EBITDA $993M XXX $977M XXX XXX XXX
EBITDA Margin 19% XXX 19% XXX XXX XXX
EBIT $534M XXX $484M XXX XXX XXX
EBIT Margin 10% XXX 9% XXX XXX XXX
Net Profit $225M XXX $199M XXX XXX XXX
Net Margin 4% XXX 4% XXX XXX XXX
Net Debt XXX XXX $4.7B XXX XXX XXX

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Southwest Gas Holdings Stock Performance

As of May 30, 2025, Southwest Gas Holdings's stock price is $72.

Southwest Gas Holdings has current market cap of $5.4B, and EV of $10.0B.

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Southwest Gas Holdings Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$10.0B $5.4B XXX XXX XXX XXX $3.13

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Southwest Gas Holdings Valuation Multiples

As of May 30, 2025, Southwest Gas Holdings has market cap of $5.4B and EV of $10.0B.

Southwest Gas Holdings's trades at 2.0x EV/Revenue multiple, and 10.2x EV/EBITDA.

Equity research analysts estimate Southwest Gas Holdings's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Southwest Gas Holdings has a P/E ratio of 23.8x.

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Southwest Gas Holdings Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $5.4B XXX $5.4B XXX XXX XXX
EV (current) $10.0B XXX $10.0B XXX XXX XXX
EV/Revenue 2.0x XXX 2.0x XXX XXX XXX
EV/EBITDA 10.1x XXX 10.2x XXX XXX XXX
EV/EBIT 18.7x XXX 20.7x XXX XXX XXX
EV/Gross Profit 2.5x XXX n/a XXX XXX XXX
P/E 23.8x XXX 27.0x XXX XXX XXX
EV/FCF 41.4x XXX 24.4x XXX XXX XXX

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Southwest Gas Holdings Margins & Growth Rates

Southwest Gas Holdings's last 12 month revenue growth is 2%

Southwest Gas Holdings's revenue per employee in the last FY averaged $2.1M, while opex per employee averaged $0.2M for the same period.

Southwest Gas Holdings's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Southwest Gas Holdings's rule of X is 24% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Southwest Gas Holdings Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 2% XXX 2% XXX XXX XXX
EBITDA Margin 19% XXX 19% XXX XXX XXX
EBITDA Growth 10% XXX 7% XXX XXX XXX
Rule of 40 19% XXX 21% XXX XXX XXX
Bessemer Rule of X XXX XXX 24% XXX XXX XXX
Revenue per Employee XXX XXX $2.1M XXX XXX XXX
Opex per Employee XXX XXX $0.2M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 10% XXX XXX XXX

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Southwest Gas Holdings Public Comps

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EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
TAQA XXX XXX XXX XXX XXX XXX
New Sources Energy XXX XXX XXX XXX XXX XXX
AGL Energy XXX XXX XXX XXX XXX XXX
APA Group XXX XXX XXX XXX XXX XXX
Chrysos Corp. XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Southwest Gas Holdings M&A and Investment Activity

Southwest Gas Holdings acquired  XXX companies to date.

Last acquisition by Southwest Gas Holdings was  XXXXXXXX, XXXXX XXXXX XXXXXX . Southwest Gas Holdings acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Southwest Gas Holdings

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Southwest Gas Holdings

When was Southwest Gas Holdings founded? Southwest Gas Holdings was founded in 1931.
Where is Southwest Gas Holdings headquartered? Southwest Gas Holdings is headquartered in United States of America.
How many employees does Southwest Gas Holdings have? As of today, Southwest Gas Holdings has 2.4K+ employees.
Who is the CEO of Southwest Gas Holdings? Southwest Gas Holdings's CEO is Ms. Karen S. Haller, J.D..
Is Southwest Gas Holdings publicy listed? Yes, Southwest Gas Holdings is a public company listed on NYS.
What is the stock symbol of Southwest Gas Holdings? Southwest Gas Holdings trades under SWX ticker.
When did Southwest Gas Holdings go public? Southwest Gas Holdings went public in 1979.
Who are competitors of Southwest Gas Holdings? Similar companies to Southwest Gas Holdings include e.g. TAQA, New Sources Energy, AGL Energy, APA Group.
What is the current market cap of Southwest Gas Holdings? Southwest Gas Holdings's current market cap is $5.4B
What is the current revenue of Southwest Gas Holdings? Southwest Gas Holdings's last 12 months revenue is $5.1B.
What is the current revenue growth of Southwest Gas Holdings? Southwest Gas Holdings revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of Southwest Gas Holdings? Current revenue multiple of Southwest Gas Holdings is 2.0x.
Is Southwest Gas Holdings profitable? Yes, Southwest Gas Holdings is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Southwest Gas Holdings? Southwest Gas Holdings's last 12 months EBITDA is $993M.
What is Southwest Gas Holdings's EBITDA margin? Southwest Gas Holdings's last 12 months EBITDA margin is 19%.
What is the current EV/EBITDA multiple of Southwest Gas Holdings? Current EBITDA multiple of Southwest Gas Holdings is 10.1x.
What is the current FCF of Southwest Gas Holdings? Southwest Gas Holdings's last 12 months FCF is $242M.
What is Southwest Gas Holdings's FCF margin? Southwest Gas Holdings's last 12 months FCF margin is 5%.
What is the current EV/FCF multiple of Southwest Gas Holdings? Current FCF multiple of Southwest Gas Holdings is 41.4x.

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