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Southwest Gas Holdings vs Chesapeake Utilities: SWX and CPK compared
Southwest Gas Holdings is the larger company: $585M of revenue in its latest quarter (Q1 2026) against $196M for Chesapeake Utilities (Q3 2026). Chesapeake Utilities is growing faster (+9% against -22% a year earlier). Southwest Gas Holdings is more profitable, with an operating margin of 37.5% against 24.8%.
Where the money goes: SWX and CPK
Southwest Gas Holdings (SWX) · Q1 2026
Southwest Gas Holdings, Q1 2026: revenue $585M (-22% year over year), operating margin 37.5%, net earnings $138M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
Chesapeake Utilities (CPK) · Q3 2026
Chesapeake Utilities, Q3 2026: revenue $196M (+9% year over year), operating margin 24.8%, net earnings $21.6M, operating cash flow $88.1M. The chart follows the revenue to costs, profit and cash.
| Southwest Gas Holdings (SWX) | Chesapeake Utilities (CPK) | |
|---|---|---|
| Latest quarter | Q1 2026 | Q3 2026 |
| Revenue | $585M | $196M |
| Revenue growth, Y/Y | -22% | +9% |
| Operating margin | 37.5% | 24.8% |
| Net earnings | $138M | $21.6M |
| Net margin | 23.6% | 11.0% |
| Operating cash flow | $162M | $88.1M |
| Market value | $6.7B | $3.1B |
| P/E | 12.3× | 20.8× |
| Analysts’ mean target | $102.00 | $147.25 |
Where the revenue comes from
Chesapeake Utilities
- Energy distribution: $151M (77%)
- Energy transmission: $45.1M (23%)
Questions
Which is bigger, Southwest Gas Holdings or Chesapeake Utilities?
Southwest Gas Holdings is the larger company: $585M of revenue in its latest quarter (Q1 2026) against $196M for Chesapeake Utilities (Q3 2026).
Is Southwest Gas Holdings or Chesapeake Utilities growing faster?
Chesapeake Utilities is growing faster (+9% against -22% a year earlier).
Which is more profitable, Southwest Gas Holdings or Chesapeake Utilities?
Southwest Gas Holdings is more profitable, with an operating margin of 37.5% against 24.8%.
More: Southwest Gas Holdings earnings · how Southwest Gas Holdings makes money · Chesapeake Utilities earnings · how Chesapeake Utilities makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed May 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.