NI vs SWX
NI: A regulated utility provider transitioning its power generation fleet toward renewables to support the growing energy needs of data centers and hyperscalers. SWX: Southwest Gas Holdings is a regulated natural gas utility serving customers across Arizona, Nevada, and California.
Side-by-side fundamentals
| Metric | NI | SWX | Edge |
|---|---|---|---|
| Price as of 2026-10-08 close | $40.53 | $83.51 | |
| Market cap | $19.4B | $6.0B | |
| P/E as of 2026-10-08 | 21.48 | 11.66 | SWX lower |
| PEG as of 2026-10-08, 3-year EPS CAGR to FY2025 | 4.59 | n/a | |
| Net margin | +14.3% | +2.8% | NI higher |
| Operating margin | +28.1% | +5.4% | NI higher |
| ROE FY2025, SEC XBRL | +9.8% | +10.8% | SWX higher |
| ROA FY2025, SEC XBRL | +2.6% | +4.2% | SWX higher |
| Debt / equity as of 2026-09-03 | 1.82 | 0.85 | SWX lower |
| Revenue growth (YoY) as of 2026-09-03 | +12.7% | -15.3% | NI higher |
| Revenue CAGR (3y) SEC XBRL | +4.4% | +18.1% | SWX higher |
| Dividend yield as of 2026-09-03 | +3.0% | +3.0% | SWX higher |
| Dividend streak (yrs) SEC XBRL | 10 | 5 | NI higher |
| Beta as of 2026-09-03 | 0.33 | 0.25 | |
| 1-year return as of 2026-10-08 close | -7.7% | +5.2% | SWX higher |
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.