COMPARE · Reviewed July 14, 2026
OGS vs VST
Verdict: Side-by-side breakdown using the Bull Rankings model. OGS scored 63.6, VST scored 72.6 — VST leads.
Compare another set
OGS
ONE Gas, Inc.
63.6
$79.15 · $5.0B
Score gap
9.0
VST leads
VST
Vistra Corp.
72.6
$158.43 · $53.4B
The model, pillar by pillar (0–100 each)
OGS
stronger →← stronger
VST
45
Qualityreturns · margins · balance sheet
64
88
Growthrevenue & earnings expansion
89
64
Valuevaluation vs sector peers
67
VST is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
OGS
VST
-$219mF
FCF
$1.8bC+
+42.5%A
Rev
+15.7%B+
0.96A-
D/E
3.55D
1.9xB+
P/S
—
1.08B+
PEG
0.47A
—
P/E
26.5xC
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
OGS
VST
—
Price vs fair valuelower is cheaper
68% above
—
Growth the price implies10-yr FCF · lower = less priced in
~29%/yr
—
1-yr DCF upside
-54%
—
5-yr DCF upside
-41%
—
10-yr DCF upside
-13%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
OGS
Why this score
- Diluting shareholders
VST
No notable signals flagged.
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.
VSTVistra Corp.
Why now
Utilities - Independent Power Producers · market cap $53.4b. Down 28% from 52-week high of $219.82 — deep drawdown territory. Revenue growing +16%, comfortably above the S&P median. PEG 0.47 — paying under fair value for the growth rate. 18 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $222.89 (implying +41% upside).
Moat
Net margin 12% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 40% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. $53.4b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
D/E 3.55 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Beta 1.41 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
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.