WallStSmart

NiSource Inc (NI)vsOne Gas Inc (OGS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

NiSource Inc generates 174% more annual revenue ($6.64B vs $2.43B). NI leads profitability with a 14.0% profit margin vs 10.9%. NI appears more attractively valued with a PEG of 2.20. NI earns a higher WallStSmart Score of 62/100 (C+).

NI

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 7.0Value: 8.7Quality: 3.8
Piotroski: 4/9Altman Z: 0.59

OGS

Buy

57

out of 100

Grade: C

Growth: 4.7Profit: 6.5Value: 4.7Quality: 3.8
Piotroski: 5/9Altman Z: 0.88
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NIUndervalued (+6.7%)

Margin of Safety

+6.7%

Fair Value

$47.89

Current Price

$45.68

$2.21 discount

UndervaluedFair: $47.89Overvalued
OGSSignificantly Overvalued (-19.6%)

Margin of Safety

-19.6%

Fair Value

$69.70

Current Price

$85.57

$15.87 premium

UndervaluedFair: $69.70Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NI3 strengths · Avg: 8.0/10
Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Operating MarginProfitability
27.0%8/10

Strong operational efficiency at 27.0%

Revenue GrowthGrowth
19.8%8/10

19.8% revenue growth

OGS2 strengths · Avg: 8.0/10
Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Operating MarginProfitability
20.3%8/10

Strong operational efficiency at 20.3%

Areas to Watch

NI3 concerns · Avg: 2.7/10
PEG RatioValuation
2.204/10

Expensive relative to growth rate

Free Cash FlowQuality
$-133.70M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.592/10

Distress zone — elevated risk

OGS3 concerns · Avg: 2.0/10
PEG RatioValuation
4.192/10

Expensive relative to growth rate

Free Cash FlowQuality
$-124.78M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.882/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NI

The strongest argument for NI centers on Price/Book, Operating Margin, Revenue Growth. Revenue growth of 19.8% demonstrates continued momentum.

Bull Case : OGS

The strongest argument for OGS centers on Price/Book, Operating Margin.

Bear Case : NI

The primary concerns for NI are PEG Ratio, Free Cash Flow, Altman Z-Score.

Bear Case : OGS

The primary concerns for OGS are PEG Ratio, Free Cash Flow, Altman Z-Score.

Key Dynamics to Monitor

NI profiles as a growth stock while OGS is a value play — different risk/reward profiles.

OGS carries more volatility with a beta of 0.76 — expect wider price swings.

NI is growing revenue faster at 19.8% — sustainability is the question.

OGS generates stronger free cash flow (-125M), providing more financial flexibility.

Bottom Line

NI scores higher overall (62/100 vs 57/100) and 19.8% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

NiSource Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

NiSource Inc. is one of the largest fully regulated utility companies in the United States. The company is based in Merrillville, Indiana.

One Gas Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

ONE Gas, Inc. is a regulated natural gas distribution company in the United States. The company is headquartered in Tulsa, Oklahoma.

Want to dig deeper into these stocks?