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Southwest Gas Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for Southwest Gas Holdings and similar public comparables like Grupa PGE, Transocean, Shenergy Group, Grupo Ultra and more.
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 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.
Founded
1931
HQ
Employees
2.5K
Website
Sectors
Financials (LTM)
EV
$10B
Southwest Gas Holdings Financials
Southwest Gas Holdings reported last 12-month revenue of $2B and EBITDA of $879M.
In the same LTM period, Southwest Gas Holdings generated $2B in gross profit, $879M in EBITDA, and $401M in net income.
Revenue (LTM)
Southwest Gas Holdings P&L
In the most recent fiscal year, Southwest Gas Holdings reported revenue of $2B and EBITDA of $881M.
Southwest Gas Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $899M | XXX | XXX | XXX |
| Gross Margin | 75% | XXX | 46% | XXX | XXX | XXX |
| EBITDA | $879M | XXX | $881M | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 45% | XXX | XXX | XXX |
| EBIT Margin | 26% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $401M | XXX | $440M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Southwest Gas Holdings Stock Performance
Southwest Gas Holdings has current market cap of $7B, and enterprise value of $10B.
Market Cap Evolution
Southwest Gas Holdings' stock price is $90.99.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $7B | 0.0% | XXX | XXX | XXX | $6.08 |
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Start Free TrialSouthwest Gas Holdings Valuation Multiples
Southwest Gas Holdings trades at 4.7x EV/Revenue multiple, and 10.8x EV/EBITDA.
EV / Revenue (LTM)
Southwest Gas Holdings Financial Valuation Multiples
As of April 20, 2026, Southwest Gas Holdings has market cap of $7B and EV of $10B.
Equity research analysts estimate Southwest Gas Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Southwest Gas Holdings has a P/E ratio of 16.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | 10.8x | XXX | 10.8x | XXX | XXX | XXX |
| EV/EBIT | 18.4x | XXX | 18.5x | XXX | XXX | XXX |
| EV/Gross Profit | 6.3x | XXX | 10.6x | XXX | XXX | XXX |
| P/E | 16.4x | XXX | 15.0x | XXX | XXX | XXX |
| EV/FCF | (38.3x) | XXX | (88.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Southwest Gas Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Southwest Gas Holdings Margins & Growth Rates
Southwest Gas Holdings' revenue in the last 12 month grew by 10%.
Southwest Gas Holdings' revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.2M for the same period.
Southwest Gas Holdings' rule of 40 is 53% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Southwest Gas Holdings' rule of X is 71% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Southwest Gas Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 45% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | (0%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 53% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 71% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | (0%) | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Southwest Gas Holdings Public Comps
See public comps and valuation multiples for other Utilities and Energy Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Southwest Gas Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupa PGE | XXX | XXX | XXX | XXX | XXX | XXX |
| Transocean | XXX | XXX | XXX | XXX | XXX | XXX |
| Shenergy Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo Ultra | XXX | XXX | XXX | XXX | XXX | XXX |
| Guangdong Investment | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Southwest Gas Holdings M&A Activity
Southwest Gas Holdings acquired XXX companies to date.
Last acquisition by Southwest Gas Holdings was on XXXXXXXX, XXXXX. Southwest Gas Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Southwest Gas Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSouthwest Gas Holdings Investment Activity
Southwest Gas Holdings invested in XXX companies to date.
Southwest Gas Holdings made its latest investment on XXXXXXXX, XXXXX. Southwest Gas Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Southwest Gas Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 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. |
| How many employees does Southwest Gas Holdings have? | As of today, Southwest Gas Holdings has over 2K employees. |
| Who is the CEO of Southwest Gas Holdings? | Southwest Gas Holdings' CEO is Karen S. Haller. |
| Is Southwest Gas Holdings publicly listed? | Yes, Southwest Gas Holdings is a public company listed on NYSE. |
| 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 1972. |
| Who are competitors of Southwest Gas Holdings? | Southwest Gas Holdings main competitors are Grupa PGE, Transocean, Shenergy Group, Grupo Ultra. |
| What is the current market cap of Southwest Gas Holdings? | Southwest Gas Holdings' current market cap is $7B. |
| What is the current revenue of Southwest Gas Holdings? | Southwest Gas Holdings' last 12 months revenue is $2B. |
| What is the current revenue growth of Southwest Gas Holdings? | Southwest Gas Holdings revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Southwest Gas Holdings? | Current revenue multiple of Southwest Gas Holdings is 4.7x. |
| 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' last 12 months EBITDA is $879M. |
| What is Southwest Gas Holdings' EBITDA margin? | Southwest Gas Holdings' last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of Southwest Gas Holdings? | Current EBITDA multiple of Southwest Gas Holdings is 10.8x. |
| What is the current FCF of Southwest Gas Holdings? | Southwest Gas Holdings' last 12 months FCF is ($248M). |
| What is Southwest Gas Holdings' FCF margin? | Southwest Gas Holdings' last 12 months FCF margin is (12%). |
| What is the current EV/FCF multiple of Southwest Gas Holdings? | Current FCF multiple of Southwest Gas Holdings is (38.3x). |
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