COMPARE · Reviewed July 14, 2026
MWH vs OGS
Verdict: Side-by-side breakdown using the Bull Rankings model. MWH scored 72.0, OGS scored 63.6 — MWH leads.
Compare another set
MWH
SOLV Energy, Inc.
72
$28.81 · $6.1B
Score gap
8.4
MWH leads
OGS
ONE Gas, Inc.
63.6
$79.15 · $5.0B
The model, pillar by pillar (0–100 each)
MWH
stronger →← stronger
OGS
77
Qualityreturns · margins · balance sheet
45
100
Growthrevenue & earnings expansion
88
82
Valuevaluation vs sector peers
64
MWH is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
MWH
OGS
$368mC
FCF
-$219mF
+34.8%A
Rev
+42.5%A
0.10A
D/E
0.96A-
45.7xD
P/E
—
1.31B
PEG
1.08B+
—
P/S
1.9xB+
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
MWH
OGS
17% below
Price vs fair valuelower is cheaper
—
~6%/yr
Growth the price implies10-yr FCF · lower = less priced in
—
+1%
1-yr DCF upside
—
+21%
5-yr DCF upside
—
+56%
10-yr DCF upside
—
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
MWH
Why this score
- Short track record
OGS
Why this score
- Diluting shareholders
The companies
MWHSOLV Energy, Inc.
Why now
Utilities - Renewable · market cap $6.1b. Down 40% from 52-week high of $48.40 — deep drawdown territory. Revenue growing +35% — in hypergrowth territory. 11 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $48.36 (implying +68% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Down 40% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Trailing P/E 46x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. Net margin 4.6% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first.
OGSONE Gas, Inc.
Why now
Utilities - Regulated Gas · market cap $5.0b. 13% off the 52-week high of $90.78. Revenue growing +43% — in hypergrowth territory. 8 sell-side analysts rate this a Buy with a mean 1-yr target of $91.25 (implying +15% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Free cash flow is negative (-$219m) — capital raises or debt issuance likely required; dilution / leverage risk. ROE 8% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.