Black Hills Corporation (BKH)vsSouthwest Gas Holdings Inc (SWX)
BKH
Black Hills Corporation
$76.04
+1.22%
UTILITIES · Cap: $5.66B
SWX
Southwest Gas Holdings Inc
$90.93
+1.78%
UTILITIES · Cap: $6.44B
Smart Verdict
WallStSmart Research — data-driven comparison
Black Hills Corporation generates 28% more annual revenue ($2.29B vs $1.78B). SWX leads profitability with a 26.1% profit margin vs 12.6%. SWX appears more attractively valued with a PEG of 2.18. SWX earns a higher WallStSmart Score of 65/100 (B-).
BKH
Buy51
out of 100
Grade: C-
SWX
Strong Buy65
out of 100
Grade: B-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+1.3%
Fair Value
$73.57
Current Price
$76.04
$2.47 discount
Intrinsic value data unavailable for SWX.
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 25.9%
Strong operational efficiency at 37.9%
Keeps 26 of every $100 in revenue as profit
Reasonable price relative to book value
Earnings expanding 20.9% YoY
Areas to Watch
ROE of 7.3% — below average capital efficiency
Elevated debt levels
Weak financial health signals
Expensive relative to growth rate
Expensive relative to growth rate
Moderate valuation
Revenue declined 21.6%
Negative free cash flow — burning cash
Comparative Analysis Report
WallStSmart ResearchBull Case : BKH
The strongest argument for BKH centers on Price/Book, Operating Margin.
Bull Case : SWX
The strongest argument for SWX centers on Operating Margin, Profit Margin, Price/Book. Profitability is solid with margins at 26.1% and operating margin at 37.9%.
Bear Case : BKH
The primary concerns for BKH are Return on Equity, Debt/Equity, Piotroski F-Score.
Bear Case : SWX
The primary concerns for SWX are PEG Ratio, P/E Ratio, Revenue Growth.
Key Dynamics to Monitor
BKH carries more volatility with a beta of 0.70 — expect wider price swings.
BKH is growing revenue faster at -3.0% — sustainability is the question.
SWX generates stronger free cash flow (-47M), providing more financial flexibility.
Monitor UTILITIES - REGULATED GAS industry trends, competitive dynamics, and regulatory changes.
Bottom Line
SWX scores higher overall (65/100 vs 51/100), backed by strong 26.1% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Black Hills Corporation
UTILITIES · UTILITIES - REGULATED GAS · USA
Black Hills Corporation is a natural gas and electric utility company in the United States. The company is headquartered in Rapid City, South Dakota.
Southwest Gas Holdings Inc
UTILITIES · UTILITIES - REGULATED GAS · USA
Southwest Gas Holdings, Inc. purchases, distributes and transports natural gas in Arizona, Nevada and California. The company is headquartered in Las Vegas, Nevada.
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