COMPARE · Reviewed July 14, 2026
NJR vs OGS
Verdict: Side-by-side breakdown using the Bull Rankings model. NJR scored 65.1, OGS scored 63.6 — NJR leads.
Compare another set
NJR
New Jersey Resources Corporation
65.1
$58.76 · $5.9B
Score gap
1.5
NJR leads
OGS
ONE Gas, Inc.
63.6
$79.15 · $5.0B
The model, pillar by pillar (0–100 each)
NJR
stronger →← stronger
OGS
75
Qualityreturns · margins · balance sheet
45
59
Growthrevenue & earnings expansion
88
62
Valuevaluation vs sector peers
64
OGS is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
NJR
OGS
$342mC
FCF
-$219mF
+7.2%B
Rev
+42.5%A
1.42B
D/E
0.96A-
17.4xA-
P/E
—
2.25C
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
NJR
OGS
18% below
Price vs fair valuelower is cheaper
—
~-4%/yr
Growth the price implies10-yr FCF · lower = less priced in
—
+30%
1-yr DCF upside
—
+22%
5-yr DCF upside
—
+10%
10-yr DCF upside
—
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
NJR
Why this score
- Raising its dividend
OGS
Why this score
- Diluting shareholders
The companies
NJRNew Jersey Resources Corporation
Why now
Utilities - Regulated Gas · market cap $5.9b. Trading near 52-week high of $59.59 — momentum setup, limited technical margin of safety. 7 sell-side analysts rate this a Buy with a mean 1-yr target of $60.57 (implying +3% upside).
Moat
Net margin 23% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 13% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. FCF converts 100% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Trading within 1% of the 52-week high — limited technical margin of safety; a momentum reversal would test conviction. Commodity exposure — earnings power tracks the price of the underlying commodity, not management execution. A 15-20% move in the commodity reprices the equity well before fundamentals catch up.
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.