SWX vs AWI

Comparison between Southwest Gas Holdings Inc (SWX, Company) and Armstrong World Industries Inc (AWI, Company).

SWX is from the Utilities sector, while AWI is from the Industrials sector.

5-Year PerformanceAWI has outperformed SWX, delivering a return of +9.9% compared to +9.4%

SWX vs AWI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SWX(COMPANY)	AWI(COMPANY)
Market Cap	$6.72B	$6.71B
Max Drawdown	56.45%	83.42%
Sharpe Ratio	0.93	-0.15
5Y Beta	0.28	0.86
Industry	Utilities - Regulated Gas	Building Products & Equipment
P/E Ratio	14.45	22.12
Forward P/E	22.52	18.15
PEG Ratio	0.14	1.67
Dividend Yield	2.69%	0.87%
5Y Dividends CAGR	6.28%	9.81%
5Y EPS CAGR	5.85%	15.96%
Debt to Equity	85.55%	53.68%
Free Cash Flow Yield	-5.98%	5.17%
P/S Ratio	3.78	4.07
P/B Ratio	1.63	7.24

Market Cap

Winner

SWX

$6.72B

AWI

$6.71B

Max Drawdown

Winner

SWX

56.45%

AWI

83.42%

Sharpe Ratio

Winner

SWX

0.93

AWI

-0.15

5Y Beta

Winner

SWX

0.28

AWI

0.86

Industry

SWX

Utilities - Regulated Gas

AWI

Building Products & Equipment

P/E Ratio

Winner

SWX

14.45

AWI

22.12

Forward P/E

SWX

22.52

Winner

AWI

18.15

PEG Ratio

Winner

SWX

0.14

AWI

1.67

Dividend Yield

Winner

SWX

2.69%

AWI

0.87%

5Y Dividends CAGR

SWX

6.28%

Winner

AWI

9.81%

5Y EPS CAGR

SWX

5.85%

Winner

AWI

15.96%

Debt to Equity

SWX

85.55%

Winner

AWI

53.68%

Free Cash Flow Yield

SWX

-5.98%

Winner

AWI

5.17%

P/S Ratio

Winner

SWX

3.78

AWI

4.07

P/B Ratio

Winner

SWX

1.63

AWI

7.24

SWX vs AWI - Historical Returns

Returns include dividend reinvestment.

Period	SWX	AWI
1 month	+4.84%	+1.99%
3 months	+3.64%	-9.59%
6 months	+13.72%	-13.77%
1 year	+22.38%	-3.34%
5 years(CAGR)	+9.36%	+9.87%
10 years(CAGR)	+5.02%	+15.81%
Max(CAGR)	+8.69%	+10.99%

Winner

SWX

+4.84%

AWI

+1.99%

Winner

SWX

+3.64%

AWI

-9.59%

Winner

SWX

+13.72%

AWI

-13.77%

Winner

SWX

+22.38%

AWI

-3.34%

5Y(CAGR)

SWX

+9.36%

Winner

AWI

+9.87%

10Y(CAGR)

SWX

+5.02%

Winner

AWI

+15.81%

Max(CAGR)

SWX

+8.69%

Winner

AWI

+10.99%

SWX vs AWI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SWX	AWI
2026	+17.80%	-17.96%
2025	+17.58%	+37.41%
2024	+14.47%	+46.15%
2023	+6.74%	+43.39%
2022	-7.03%	-40.01%
2021	+21.98%	+64.70%
2020	-17.24%	-21.26%
2019	+5.39%	+58.38%
2018	-1.42%	-5.11%
2017	+7.85%	+43.31%
2016	+45.96%	-7.23%
2015	-7.73%	-9.55%
2014	+16.33%	-10.99%
2013	+32.27%	+9.96%
2012	+2.29%	+32.56%
2011	+16.45%	+1.08%
2010	+30.14%	+43.65%
2009	+17.33%	+76.47%
2008	-12.21%	-38.59%
2007	-20.99%	-5.40%
2006	+46.36%	+5.97%
2005	+8.80%	N/A
2004	+16.85%	N/A
2003	-0.59%	N/A
2002	+6.87%	N/A
2001	+4.89%	N/A
2000	+3.41%	N/A
1999	-1.01%	N/A

SWX vs AWI Drawdown Comparison

The maximum drawdown for SWX was -53.68%, occurring on Mar 5, 2009. Recovery took 889 trading sessions.

The maximum drawdown for AWI was -80.88%, occurring on Mar 9, 2009. Recovery took 865 trading sessions.

The current SWX drawdown is -0.31%. The current AWI drawdown is -20.58%.

Rank	SWX	AWI
#1	-53.68% Apr 25, 2007 - Nov 2, 2010	-80.88% Jun 4, 2007 - Nov 5, 2010
#2	-42.48% Sep 16, 2019 - Apr 18, 2022	-46.43% Mar 4, 2020 - Aug 11, 2021
#3	-41.03% May 24, 2022 - Nov 28, 2025	-46.06% Dec 8, 2021 - Feb 20, 2024
#4	-29.89% Nov 18, 1999 - May 29, 2001	-40.87% Jan 16, 2014 - Jan 2, 2018
#5	-26.00% Mar 21, 2002 - Jan 23, 2004	-31.68% May 31, 2011 - Jan 18, 2012
#6	-25.07% Dec 1, 2017 - Nov 12, 2018	-25.22% Oct 21, 2025 - Jul 21, 2026
#7	-22.00% Aug 2, 2001 - Jan 22, 2002	-23.45% Sep 12, 2018 - Feb 22, 2019
#8	-20.00% May 13, 2011 - Oct 27, 2011	-22.03% Jun 18, 2012 - Oct 31, 2012
#9	-18.40% Dec 29, 2014 - Mar 4, 2016	-22.00% Nov 26, 2024 - Jun 27, 2025
#10	-17.86% Jul 22, 2016 - Jan 4, 2017	-18.89% Feb 13, 2013 - Dec 30, 2013
#11	-15.05% Mar 3, 2017 - Nov 29, 2017	-15.24% Aug 11, 2021 - Nov 8, 2021
#12	-13.71% Dec 31, 2013 - Oct 21, 2014	-14.34% Jan 26, 2018 - Jun 8, 2018
#13	-12.76% Jul 18, 2012 - Feb 13, 2013	-13.22% Mar 28, 2012 - Jun 18, 2012
#14	-12.45% Nov 16, 2018 - Feb 21, 2019	-13.02% Nov 2, 2012 - Jan 9, 2013
#15	-10.15% Feb 13, 2007 - Apr 25, 2007	-11.48% Oct 18, 2006 - Nov 29, 2006

Correlation

Correlation between SWX and AWI is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (1999 - 2026)

SWX vs AWI dividend yield comparison.

Year	SWX	AWI
2026	1.36%	0.42%
2025	3.10%	0.66%
2024	3.51%	0.81%
2023	3.91%	1.06%
2022	3.97%	1.38%
2021	3.36%	0.74%
2020	3.71%	1.09%
2019	2.84%	0.77%
2018	2.69%	0.30%
2017	2.40%	0.00%
2016	2.29%	0.00%
2015	2.86%	0.00%
2014	2.31%	0.00%
2013	2.30%	0.00%
2012	2.72%	16.85%
2011	2.46%	0.00%
2010	2.70%	31.95%
2009	3.29%	0.00%
2008	3.53%	20.81%
2007	2.86%	0.00%
2006	2.16%	0.00%
2005	3.11%	0.00%
2004	3.23%	0.00%
2003	3.70%	0.00%
2002	3.50%	0.00%
2001	3.67%	0.00%
2000	3.84%	0.00%
1999	0.91%	0.00%