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Side-by-side financial comparison of Stabilis Solutions, Inc. (SLNG) and Southwest Gas Holdings, Inc. (SWX). Click either name above to swap in a different company.
Stabilis Solutions, Inc. runs the higher net margin — -2.0% vs -8.6%, a 6.6% gap on every dollar of revenue. On growth, Stabilis Solutions, Inc. posted the faster year-over-year revenue change (-23.3% vs -162.5%). Stabilis Solutions, Inc. produced more free cash flow last quarter ($-2.5M vs $-155.9M). Over the past eight quarters, Southwest Gas Holdings, Inc.'s revenue compounded faster (NaN% CAGR vs NaN%).
Stabilis Solutions, Inc.SLNGEarnings & Financial Report
Stabilis Solutions, Inc. is a leading North American small-scale liquefied natural gas (LNG) producer and distributor. It supplies LNG fuel, cryogenic services, and full-cycle energy solutions to industrial, remote power, transportation, and commercial clients across the United States and Canada, advancing low-emission energy transition efforts.
Southwest Gas Holdings, Inc. is an investor-owned utility based in Las Vegas, Nevada, United States.
SLNG vs SWX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.3M | $-793.4M |
| Net Profit | $-262.0K | $68.4M |
| Gross Margin | 24.7% | — |
| Operating Margin | -2.4% | — |
| Net Margin | -2.0% | -8.6% |
| Revenue YoY | -23.3% | -162.5% |
| Net Profit YoY | -112.4% | -26.1% |
| EPS (diluted) | — | $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.
| Q4 25 | $13.3M | $-793.4M | ||
| Q3 25 | $20.3M | $316.9M | ||
| Q2 25 | $17.3M | $1.1B | ||
| Q1 25 | $17.3M | $1.3B | ||
| Q4 24 | $17.3M | $1.3B | ||
| Q3 24 | $17.6M | $1.1B | ||
| Q2 24 | $18.6M | $1.2B | ||
| Q1 24 | $19.8M | $1.6B |
| Q4 25 | $-262.0K | $68.4M | ||
| Q3 25 | $1.1M | $270.5M | ||
| Q2 25 | $-613.0K | $-12.9M | ||
| Q1 25 | $-1.6M | $113.9M | ||
| Q4 24 | $2.1M | $92.5M | ||
| Q3 24 | $997.0K | $289.0K | ||
| Q2 24 | $27.0K | $18.3M | ||
| Q1 24 | $1.5M | $87.7M |
| Q4 25 | 24.7% | — | ||
| Q3 25 | 27.6% | — | ||
| Q2 25 | 26.5% | 41.3% | ||
| Q1 25 | 26.2% | 59.2% | ||
| Q4 24 | 28.5% | 48.8% | ||
| Q3 24 | 28.3% | 40.2% | ||
| Q2 24 | 27.1% | 48.9% | ||
| Q1 24 | 31.6% | 67.4% |
| Q4 25 | -2.4% | — | ||
| Q3 25 | 5.5% | 11.7% | ||
| Q2 25 | -2.4% | 8.5% | ||
| Q1 25 | -9.7% | 15.5% | ||
| Q4 24 | 12.8% | 14.2% | ||
| Q3 24 | 5.0% | 5.7% | ||
| Q2 24 | 2.4% | 7.0% | ||
| Q1 24 | 7.8% | 10.0% |
| Q4 25 | -2.0% | -8.6% | ||
| Q3 25 | 5.5% | 85.3% | ||
| Q2 25 | -3.5% | -1.1% | ||
| Q1 25 | -9.2% | 8.8% | ||
| Q4 24 | 12.2% | 7.3% | ||
| Q3 24 | 5.7% | 0.0% | ||
| Q2 24 | 0.1% | 1.6% | ||
| Q1 24 | 7.4% | 5.5% |
| Q4 25 | — | $0.94 | ||
| Q3 25 | $0.06 | $3.74 | ||
| Q2 25 | $-0.03 | $-0.18 | ||
| Q1 25 | $-0.09 | $1.58 | ||
| Q4 24 | $0.12 | $1.29 | ||
| Q3 24 | $0.05 | $0.00 | ||
| Q2 24 | $0.00 | $0.25 | ||
| Q1 24 | $0.08 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.5M | $576.6M |
| Total DebtLower is stronger | $7.9M | — |
| Stockholders' EquityBook value | $66.7M | $4.0B |
| Total Assets | $83.1M | $10.4B |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.5M | $576.6M | ||
| Q3 25 | $10.3M | $778.6M | ||
| Q2 25 | $12.2M | $355.6M | ||
| Q1 25 | $9.0M | $406.3M | ||
| Q4 24 | $9.0M | $363.8M | ||
| Q3 24 | $12.4M | $456.6M | ||
| Q2 24 | $11.5M | $599.6M | ||
| Q1 24 | $8.3M | $458.0M |
| Q4 25 | $7.9M | — | ||
| Q3 25 | $8.3M | — | ||
| Q2 25 | $7.6M | — | ||
| Q1 25 | $8.3M | — | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $9.3M | — | ||
| Q2 24 | $8.6M | — | ||
| Q1 24 | $9.1M | — |
| Q4 25 | $66.7M | $4.0B | ||
| Q3 25 | $66.7M | $3.9B | ||
| Q2 25 | $65.5M | $3.7B | ||
| Q1 25 | $65.9M | $3.6B | ||
| Q4 24 | $67.0M | $3.5B | ||
| Q3 24 | $65.4M | $3.5B | ||
| Q2 24 | $63.7M | $3.5B | ||
| Q1 24 | $63.2M | $3.4B |
| Q4 25 | $83.1M | $10.4B | ||
| Q3 25 | $87.1M | $10.3B | ||
| Q2 25 | $83.2M | $12.2B | ||
| Q1 25 | $83.1M | $12.1B | ||
| Q4 24 | $85.6M | $12.0B | ||
| Q3 24 | $89.3M | $11.9B | ||
| Q2 24 | $82.6M | $12.0B | ||
| Q1 24 | $80.6M | $11.9B |
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | 0.14× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $669.0K | $81.6M |
| Free Cash FlowOCF − Capex | $-2.5M | $-155.9M |
| FCF MarginFCF / Revenue | -18.6% | 19.7% |
| Capex IntensityCapex / Revenue | 23.7% | -29.9% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $462.0K | $-251.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $669.0K | $81.6M | ||
| Q3 25 | $2.4M | $56.9M | ||
| Q2 25 | $4.5M | $126.3M | ||
| Q1 25 | $1.0M | $291.3M | ||
| Q4 24 | $2.2M | $201.4M | ||
| Q3 24 | $2.6M | $304.1M | ||
| Q2 24 | $5.0M | $306.6M | ||
| Q1 24 | $3.9M | $543.7M |
| Q4 25 | $-2.5M | $-155.9M | ||
| Q3 25 | $-1.5M | $-105.8M | ||
| Q2 25 | $3.9M | $-93.8M | ||
| Q1 25 | $538.0K | $103.8M | ||
| Q4 24 | $-3.4M | $-34.7M | ||
| Q3 24 | $1.2M | $38.7M | ||
| Q2 24 | $3.7M | $83.3M | ||
| Q1 24 | $3.1M | $322.5M |
| Q4 25 | -18.6% | 19.7% | ||
| Q3 25 | -7.3% | -33.4% | ||
| Q2 25 | 22.4% | -8.4% | ||
| Q1 25 | 3.1% | 8.0% | ||
| Q4 24 | -19.7% | -2.7% | ||
| Q3 24 | 7.1% | 3.6% | ||
| Q2 24 | 19.7% | 7.0% | ||
| Q1 24 | 15.5% | 20.4% |
| Q4 25 | 23.7% | -29.9% | ||
| Q3 25 | 19.1% | 51.3% | ||
| Q2 25 | 3.7% | 19.6% | ||
| Q1 25 | 2.8% | 14.5% | ||
| Q4 24 | 32.3% | 18.6% | ||
| Q3 24 | 7.4% | 24.6% | ||
| Q2 24 | 7.4% | 18.9% | ||
| Q1 24 | 4.4% | 14.0% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 2.14× | 0.21× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | 1.03× | 2.18× | ||
| Q3 24 | 2.56× | 1052.08× | ||
| Q2 24 | 186.59× | 16.72× | ||
| Q1 24 | 2.67× | 6.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SLNG
| Natural Gas Gathering Transportation Marketing And Processing | $11.1M | 84% |
| Other | $1.3M | 10% |
| Services | $897.0K | 7% |
SWX
Segment breakdown not available.
