Northwest Natural Gas Co (NWN)vsSouthwest Gas Holdings Inc (SWX)
NWN
Northwest Natural Gas Co
$50.43
-0.85%
UTILITIES · Cap: $2.14B
SWX
Southwest Gas Holdings Inc
$91.26
-1.45%
UTILITIES · Cap: $6.71B
Smart Verdict
WallStSmart Research — data-driven comparison
Southwest Gas Holdings Inc generates 35% more annual revenue ($1.74B vs $1.29B). SWX leads profitability with a 31.4% profit margin vs 9.7%. SWX appears more attractively valued with a PEG of 2.21. SWX earns a higher WallStSmart Score of 63/100 (C+).
NWN
Buy54
out of 100
Grade: C-
SWX
Buy63
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+17.3%
Fair Value
$59.10
Current Price
$50.43
$8.67 discount
Intrinsic value data unavailable for SWX.
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Attractively priced relative to earnings
Keeps 31 of every $100 in revenue as profit
Reasonable price relative to book value
Strong operational efficiency at 24.2%
Earnings expanding 20.9% YoY
Areas to Watch
3.1% revenue growth
ROE of 7.8% — below average capital efficiency
Elevated debt levels
Weak financial health signals
Expensive relative to growth rate
Revenue declined 9.6%
Negative free cash flow — burning cash
Distress zone — elevated risk
Comparative Analysis Report
WallStSmart ResearchBull Case : NWN
The strongest argument for NWN centers on Price/Book, P/E Ratio.
Bull Case : SWX
The strongest argument for SWX centers on Profit Margin, Price/Book, Operating Margin. Profitability is solid with margins at 31.4% and operating margin at 24.2%.
Bear Case : NWN
The primary concerns for NWN are Revenue Growth, Return on Equity, Debt/Equity. Debt-to-equity of 1.73 is elevated, increasing financial risk.
Bear Case : SWX
The primary concerns for SWX are PEG Ratio, Revenue Growth, Free Cash Flow.
Key Dynamics to Monitor
NWN profiles as a value stock while SWX is a declining play — different risk/reward profiles.
SWX carries more volatility with a beta of 0.57 — expect wider price swings.
NWN is growing revenue faster at 3.1% — sustainability is the question.
NWN generates stronger free cash flow (-12M), providing more financial flexibility.
Bottom Line
SWX scores higher overall (63/100 vs 54/100), backed by strong 31.4% margins. NWN offers better value entry with a 17.3% margin of safety. Both earn "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.
Northwest Natural Gas Co
UTILITIES · UTILITIES - REGULATED GAS · USA
Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, industrial and transportation customers in Oregon and Southwest Washington. The company is headquartered in Portland, Oregon.
Visit Website →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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