Company / Profit Margin
Southwest Gas Corp Profit Margin History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Profit Margin
2.8%
FY2023
5-year range
-4.1% / 5.5%
FY2019-FY2023
Trend
+167.8%
vs FY2022
Sector context
#58 of 62
Utilities
What the data says
Among 62 Utilities companies, Southwest Gas Corp is in the bottom 6% for profit margin. Profit Margin returned to growth in FY2023 after 3 years of decline, reaching 2.8%.
Based on SEC 10-K filings.
2.8% in FY2023 with a 5-year CAGR of -3.4%.
Declined from 5.5% to 2.8% over the past 2 years.
Utilities sector context is included.
Profit Margin over time
Growth rates
- 3-Year Change
- -3.5pp
- 5-Year Change
- -3.4pp
- 10-Year Change
- -
Sector benchmark
Bottom 6% in UtilitiesTop 94% of 62This company 2.8% Sector average 13.1%
▼
-78.8% below sector average
Key checks
Key Insights
- In FY2023, profit margin increased 167.8% year-over-year.
- Currently 10.3pp below the Utilities sector average.
- Peak profit margin was recorded in FY2019.
- Lowest profit 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 | Profit MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | 2.8% | +167.8% |
| FY2022 | -4.1% | -175.1% |
| FY2021 | 5.5% | -13.7% |
| FY2020 | 6.3% | -16.8% |
| FY2019 | 7.6% | +23.1% |
| FY2018 | 6.2% | -18.8% |
| FY2017 | 7.6% | +23.1% |
| FY2016 | 6.2% | +5.5% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026