Company / Operating Margin
Southwest Gas Corp Operating Margin History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
5.4%
FY2023
5-year range
-0.5% / 10.0%
FY2019-FY2023
Trend
+1200.0%
vs FY2022
Sector context
#58 of 61
Utilities
What the data says
Operating Margin changed +1200% YoY in FY2023, a notable deviation from the 7-year average annual change of +153%.
Based on SEC 10-K filings.
5.4% in FY2023 with a 5-year CAGR of -7.4%.
Declined from 10.0% to 5.4% over the past 2 years.
Utilities sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -7.0pp
- 5-Year Change
- -7.4pp
- 10-Year Change
- -
Sector benchmark
Bottom 5% in UtilitiesTop 95% of 61This company 5.4% Sector average 21.7%
▼
-75.1% below sector average
Key checks
Key Insights
- In FY2023, operating margin increased 1200.0% year-over-year.
- Currently 16.3pp below the Utilities sector average.
- Peak operating margin was recorded in FY2019.
- Lowest operating margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.39 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | 5.4% | +1200.0% |
| FY2022 | -0.5% | -104.9% |
| FY2021 | 10.0% | -19.1% |
| FY2020 | 12.4% | -7.8% |
| FY2019 | 13.5% | +5.0% |
| FY2018 | 12.8% | -4.8% |
| FY2017 | 13.5% | +5.0% |
| FY2016 | 12.8% | +4.9% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026