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Southwest Gas Holdings vs RGC Resources: SWX and RGCO compared
Southwest Gas Holdings is the larger company: $585M of revenue in its latest quarter (Q1 2026) against $17.1M for RGC Resources (Q3 FY26). RGC Resources is growing faster (-0.9% against -22% a year earlier). Southwest Gas Holdings is more profitable, with an operating margin of 37.5% against 6.9%.
Where the money goes: SWX and RGCO
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.
RGC Resources (RGCO) · Q3 FY26
RGC Resources, Q3 FY26: revenue $17.1M (-0.9% year over year), operating margin 6.9%, net earnings $559K, operating cash flow $5.9M. The chart follows the revenue to costs, profit and cash.
| Southwest Gas Holdings (SWX) | RGC Resources (RGCO) | |
|---|---|---|
| Latest quarter | Q1 2026 | Q3 FY26 |
| Revenue | $585M | $17.1M |
| Revenue growth, Y/Y | -22% | -0.9% |
| Operating margin | 37.5% | 6.9% |
| Net earnings | $138M | $559K |
| Net margin | 23.6% | 3.3% |
| Operating cash flow | $162M | $5.9M |
| Market value | $6.7B | — |
| P/E | 12.3× | — |
| Analysts’ mean target | $102.00 | — |
Where the revenue comes from
RGC Resources
- Gas Utility: $17.1M (100%)
- Non-utility: $23K (0%)
Questions
Which is bigger, Southwest Gas Holdings or RGC Resources?
Southwest Gas Holdings is the larger company: $585M of revenue in its latest quarter (Q1 2026) against $17.1M for RGC Resources (Q3 FY26).
Is Southwest Gas Holdings or RGC Resources growing faster?
RGC Resources is growing faster (-0.9% against -22% a year earlier).
Which is more profitable, Southwest Gas Holdings or RGC Resources?
Southwest Gas Holdings is more profitable, with an operating margin of 37.5% against 6.9%.
More: Southwest Gas Holdings earnings · how Southwest Gas Holdings makes money · RGC Resources earnings · how RGC Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed May 5, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.