Company / Working Capital
Southwest Gas Corp Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$312.4M
FY2025
5-year range
-$1.5B / $312.4M
FY2021-FY2025
Trend
+185.0%
vs FY2024
Sector context
#11 of 73
Utilities
What the data says
Southwest Gas Corp's working capital of $312M is higher than 85% of companies in the Utilities sector (FY2025). Working Capital returned to growth in FY2025 after 2 years of decline, reaching $312M.
Based on SEC 10-K filings.
$312M in FY2025 with a 3-year CAGR of +3.1%. Top quartile in the Utilities sector.
Improved from $196M to $312M over the past 2 years.
Utilities sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- +3.1%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Top 15% in UtilitiesTop 15% of 73This company $312.4M Sector average -$608.9M
▼
+151.3% above sector average
Key checks
Key Insights
- 3-year CAGR of +3.1%, indicating consistent growth.
- In FY2025, working capital increased 185.0% year-over-year.
- Ranks #11 out of 73 companies in the Utilities sector.
- Lowest working capital in the period was in FY2021.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $312.4M | +185.0% |
| FY2024 | -$367.6M | -287.3% |
| FY2023 | $196.3M | -31.1% |
| FY2022 | $284.7M | +119.0% |
| FY2021 | -$1.5B | -3556.0% |
| FY2020 | -$41.0M | +81.4% |
| FY2019 | -$220.0M | -122.5% |
| FY2018 | -$98.9M | +37.8% |
| FY2017 | -$158.8M | -67.1% |
| FY2016 | -$95.1M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026