Jackson Financial Inc.
$5.58B- Market cap
- $9.25B
- Debt
- +$2.03B
- Cash
- −$5.70B
Capital structure 82% equity / 18% debt · EV / Revenue 0.83x · EV / EBITDA 32.05x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: JXN stock price near parity vs SWX $136.59 current versus $116.92 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at SWX's multiple
Implied fair value · at JXN's multiple
Snapshot Sep 8, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: JXN FY 2025 (ended Dec 31, 2025) · SWX FY 2023 (ended Dec 31, 2023). Fiscal years are not aligned.
Trendline
Ten period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
Market cap plus debt, less cash.
Capital structure 82% equity / 18% debt · EV / Revenue 0.83x · EV / EBITDA 32.05x
Capital structure 58% equity / 42% debt · EV / Revenue 2.02x · EV / EBITDA 13.83x
SWX carries the larger enterprise value at $10.98B against $5.58B; JXN trades on the lower EV / Revenue multiple (0.83x vs 2.02x); SWX on the lower EV / EBITDA (13.83x vs 32.05x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Jackson Financial Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Southwest Gas Holdings, Inc. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.20x
1.41x
Net debt / EBITDA
Leverage against operating earnings
-21.11x
5.72x
Cash and equivalents
Liquid reserves on the balance sheet
$5.70B
$106.54M
Total debt
Interest-bearing obligations outstanding
$2.03B
$4.65B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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