COMPARE · Reviewed July 14, 2026
OGS vs SBS
Verdict: Side-by-side breakdown using the Bull Rankings model. OGS scored 63.6, SBS scored 64.0 — SBS leads.
Compare another set
OGS
ONE Gas, Inc.
63.6
$79.15 · $5.0B
Score gap
0.4
SBS leads
SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
64
$5.97 · $20.9B
The model, pillar by pillar (0–100 each)
OGS
stronger →← stronger
SBS
45
Qualityreturns · margins · balance sheet
54
88
Growthrevenue & earnings expansion
90
64
Valuevaluation vs sector peers
74
SBS is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
OGS
SBS
-$219mF
FCF
-$1.8bF
+42.5%A
Rev
+41.3%A
0.96A-
D/E
1.18B+
1.9xB+
P/S
2.7xB
1.08B+
PEG
0.47A
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Model signals
OGS
Why this score
- Diluting shareholders
SBS
Why this score
- Raising its dividend
- Diluting shareholders
- Short track record
- Foreign reporter (BRL)
The companies
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.
SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP
Why now
Utilities - Regulated Water · market cap $20.9b. 17% off the 52-week high of $7.16. Revenue growing +41% — in hypergrowth territory. PEG 0.47 — paying under fair value for the growth rate. 5 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $6.84 (implying +15% upside).
Moat
Net margin 27% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 26% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which.
Risk
Free cash flow is negative (-$1.8b) — capital raises or debt issuance likely required; dilution / leverage risk.
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.