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Side-by-side financial comparison of RGC RESOURCES INC (RGCO) and Southwest Gas Holdings, Inc. (SWX). Click either name above to swap in a different company.

RGC RESOURCES INC runs the higher net margin — 16.0% vs -8.6%, a 24.6% gap on every dollar of revenue. On growth, RGC RESOURCES INC posted the faster year-over-year revenue change (13.9% vs -162.5%). RGC RESOURCES INC produced more free cash flow last quarter ($-4.6M vs $-155.9M). Over the past eight quarters, Southwest Gas Holdings, Inc.'s revenue compounded faster (NaN% CAGR vs NaN%).

Iluka Resources is an Australian resources company, specialising in mineral sands exploration, project development, operations and marketing. It was formed in July 1998 in a merger between Westralian Sands and the titanium mineral business RGC Ltd, becoming Iluka Resources Ltd in 1999. Iluka is a major producer of zircon and titanium dioxide–derived rutile and synthetic rutile globally. The company has operations in Australia, and has also conducted business in the United States and the West ...

Southwest Gas Holdings, Inc. is an investor-owned utility based in Las Vegas, Nevada, United States.

RGCO vs SWX — Head-to-Head

Bigger by revenue
RGCO
RGCO
-0.0× larger
RGCO
$30.6M
$-793.4M
SWX
Growing faster (revenue YoY)
RGCO
RGCO
+176.4% gap
RGCO
13.9%
-162.5%
SWX
Higher net margin
RGCO
RGCO
24.6% more per $
RGCO
16.0%
-8.6%
SWX
More free cash flow
RGCO
RGCO
$151.4M more FCF
RGCO
$-4.6M
$-155.9M
SWX
Faster 2-yr revenue CAGR
SWX
SWX
Annualised
SWX
NaN%
-0.4%
RGCO

Income Statement — Q1 2026 vs Q4 2025

Metric
RGCO
RGCO
SWX
SWX
Revenue
$30.6M
$-793.4M
Net Profit
$4.9M
$68.4M
Gross Margin
Operating Margin
21.4%
Net Margin
16.0%
-8.6%
Revenue YoY
13.9%
-162.5%
Net Profit YoY
-7.3%
-26.1%
EPS (diluted)
$0.47
$0.94

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RGCO
RGCO
SWX
SWX
Q4 25
$30.6M
$-793.4M
Q3 25
$14.0M
$316.9M
Q2 25
$16.6M
$1.1B
Q1 25
$36.5M
$1.3B
Q4 24
$26.8M
$1.3B
Q3 24
$12.8M
$1.1B
Q2 24
$13.6M
$1.2B
Q1 24
$30.8M
$1.6B
Net Profit
RGCO
RGCO
SWX
SWX
Q4 25
$4.9M
$68.4M
Q3 25
$-204.3K
$270.5M
Q2 25
$538.4K
$-12.9M
Q1 25
$7.7M
$113.9M
Q4 24
$5.3M
$92.5M
Q3 24
$140.8K
$289.0K
Q2 24
$156.7K
$18.3M
Q1 24
$6.4M
$87.7M
Gross Margin
RGCO
RGCO
SWX
SWX
Q4 25
Q3 25
Q2 25
41.3%
Q1 25
59.2%
Q4 24
48.8%
Q3 24
40.2%
Q2 24
48.9%
Q1 24
67.4%
Operating Margin
RGCO
RGCO
SWX
SWX
Q4 25
21.4%
Q3 25
-3.4%
11.7%
Q2 25
7.2%
8.5%
Q1 25
28.5%
15.5%
Q4 24
27.3%
14.2%
Q3 24
1.9%
5.7%
Q2 24
11.5%
7.0%
Q1 24
28.0%
10.0%
Net Margin
RGCO
RGCO
SWX
SWX
Q4 25
16.0%
-8.6%
Q3 25
-1.5%
85.3%
Q2 25
3.2%
-1.1%
Q1 25
21.1%
8.8%
Q4 24
19.6%
7.3%
Q3 24
1.1%
0.0%
Q2 24
1.2%
1.6%
Q1 24
20.9%
5.5%
EPS (diluted)
RGCO
RGCO
SWX
SWX
Q4 25
$0.47
$0.94
Q3 25
$-0.01
$3.74
Q2 25
$0.05
$-0.18
Q1 25
$0.74
$1.58
Q4 24
$0.51
$1.29
Q3 24
$0.01
$0.00
Q2 24
$0.02
$0.25
Q1 24
$0.63
$1.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RGCO
RGCO
SWX
SWX
Cash + ST InvestmentsLiquidity on hand
$576.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$116.4M
$4.0B
Total Assets
$341.0M
$10.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RGCO
RGCO
SWX
SWX
Q4 25
$576.6M
Q3 25
$778.6M
Q2 25
$355.6M
Q1 25
$406.3M
Q4 24
$363.8M
Q3 24
$456.6M
Q2 24
$599.6M
Q1 24
$458.0M
Stockholders' Equity
RGCO
RGCO
SWX
SWX
Q4 25
$116.4M
$4.0B
Q3 25
$113.6M
$3.9B
Q2 25
$116.3M
$3.7B
Q1 25
$117.8M
$3.6B
Q4 24
$111.8M
$3.5B
Q3 24
$108.1M
$3.5B
Q2 24
$108.8M
$3.5B
Q1 24
$110.5M
$3.4B
Total Assets
RGCO
RGCO
SWX
SWX
Q4 25
$341.0M
$10.4B
Q3 25
$329.8M
$10.3B
Q2 25
$324.8M
$12.2B
Q1 25
$326.4M
$12.1B
Q4 24
$335.2M
$12.0B
Q3 24
$320.7M
$11.9B
Q2 24
$314.2M
$12.0B
Q1 24
$313.4M
$11.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RGCO
RGCO
SWX
SWX
Operating Cash FlowLast quarter
$1.1M
$81.6M
Free Cash FlowOCF − Capex
$-4.6M
$-155.9M
FCF MarginFCF / Revenue
-14.9%
19.7%
Capex IntensityCapex / Revenue
18.5%
-29.9%
Cash ConversionOCF / Net Profit
0.22×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$-251.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RGCO
RGCO
SWX
SWX
Q4 25
$1.1M
$81.6M
Q3 25
$675.1K
$56.9M
Q2 25
$6.4M
$126.3M
Q1 25
$21.0M
$291.3M
Q4 24
$827.2K
$201.4M
Q3 24
$377.4K
$304.1M
Q2 24
$5.9M
$306.6M
Q1 24
$11.8M
$543.7M
Free Cash Flow
RGCO
RGCO
SWX
SWX
Q4 25
$-4.6M
$-155.9M
Q3 25
$-105.8M
Q2 25
$1.4M
$-93.8M
Q1 25
$16.1M
$103.8M
Q4 24
$-4.9M
$-34.7M
Q3 24
$-5.1M
$38.7M
Q2 24
$564.7K
$83.3M
Q1 24
$5.8M
$322.5M
FCF Margin
RGCO
RGCO
SWX
SWX
Q4 25
-14.9%
19.7%
Q3 25
-33.4%
Q2 25
8.4%
-8.4%
Q1 25
44.1%
8.0%
Q4 24
-18.3%
-2.7%
Q3 24
-40.2%
3.6%
Q2 24
4.2%
7.0%
Q1 24
18.8%
20.4%
Capex Intensity
RGCO
RGCO
SWX
SWX
Q4 25
18.5%
-29.9%
Q3 25
51.3%
Q2 25
30.4%
19.6%
Q1 25
13.6%
14.5%
Q4 24
21.4%
18.6%
Q3 24
43.2%
24.6%
Q2 24
39.0%
18.9%
Q1 24
19.4%
14.0%
Cash Conversion
RGCO
RGCO
SWX
SWX
Q4 25
0.22×
1.19×
Q3 25
0.21×
Q2 25
11.96×
Q1 25
2.74×
2.56×
Q4 24
0.16×
2.18×
Q3 24
2.68×
1052.08×
Q2 24
37.36×
16.72×
Q1 24
1.83×
6.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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