Verdict: Side-by-side breakdown using the Bull Rankings model. SWX scored 55.5, OGS scored 67.7 — OGS leads.
Compare another set
SWX
Southwest Gas Holdings, Inc.
Utilities - Regulated Gas · Quality-Growth
55.5
$84.14 · $6.1B
fundamentals as of
Score gap
12.2
OGS leads
OGS
ONE Gas, Inc.
Utilities - Regulated Gas · Quality-Growth
67.7
$72.50 · $4.6B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestOGS1.8x
Fastest growthOGS+42.5%
Strongest balance sheetSWX0.85
Highest qualitySWX55 / 100
Side by side · every name on one set of axes
Growth against the P/S multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
SWX
stronger →← stronger
OGS
55
Qualityreturns · margins · balance sheet
46
42
Growthrevenue & earnings expansion
80
74
Valuevaluation vs sector peers
84
OGS is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
SWX
OGS
-$528mF
FCF
-$173mF
-21.6%F
Rev
+42.5%A
0.85A-
D/E
0.96A-
3.5xC
P/S
1.8xB+
1.86C+
PEG
6.16D
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Model signals
SWX
No notable signals flagged.
OGS
Why this score
Diluting shareholders
The companies
SWXSouthwest Gas Holdings, Inc.
Utilities - Regulated Gas · $84.14 · beta 0.56
Why now
Utilities - Regulated Gas · market cap $6.1b. 11% off the 52-week high of $94.47. Revenue -22% — in contraction; any catalyst that reverses this triggers re-rating. 8 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $100.50 (implying +19% upside).
Moat
Net margin 31% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 13% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Free cash flow is negative (-$528m) — capital raises or debt issuance likely required; dilution / leverage risk. Revenue contracting -22% — the operational turn is not yet visible in the top line. 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.
Utilities - Regulated Gas · $72.50 · beta 0.63
Why now
Utilities - Regulated Gas · market cap $4.6b. Down 20% from 52-week high of $90.78 — deep drawdown territory. Revenue growing +43% — in hypergrowth territory. 9 sell-side analysts rate this a Buy with a mean 1-yr target of $86.17 (implying +19% upside).
Moat
Higher-variance name — the moat signals on the quantitative card are modest, so the durability case rests on execution (turning current growth into durable earnings power) or an un-monetized asset (IP / network effects / first-mover position) rather than an entrenched competitive position.
Risk
Free cash flow is negative (-$173m) — capital raises or debt issuance likely required; dilution / leverage risk. 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.
Where SWX and OGS diverge
On the headline score the gap is 12.2 points in favor of OGS. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
GrowthSWX 41.7 · OGS 80.4OGS +38.7
ValueSWX 74.3 · OGS 84.3OGS +10.0
QualitySWX 55.3 · OGS 45.7SWX +9.6
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is OGS or SWX the better stock?
OGS scores higher: OGS 67.7, SWX 55.5 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do OGS and SWX differ most?
The widest gap is growth, where OGS leads by 39 points on the 0–100 pillar scale. Neither name sweeps: they trade the lead across the three pillars, so the comparison is a trade-off rather than one being better on every measure.
How are OGS and SWX scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.