WallStSmart

One Gas Inc (OGS)vsSouthwest Gas Holdings Inc (SWX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

One Gas Inc generates 33% more annual revenue ($2.31B vs $1.74B). SWX leads profitability with a 31.4% profit margin vs 12.5%. SWX appears more attractively valued with a PEG of 2.21. SWX earns a higher WallStSmart Score of 63/100 (C+).

OGS

Buy

57

out of 100

Grade: C

Growth: 4.7Profit: 6.0Value: 4.0Quality: 4.0
Piotroski: 5/9Altman Z: 0.83

SWX

Buy

63

out of 100

Grade: C+

Growth: 4.0Profit: 7.0Value: 5.0Quality: 4.5
Piotroski: 5/9Altman Z: 0.89
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

OGSSignificantly Overvalued (-16.1%)

Margin of Safety

-16.1%

Fair Value

$71.84

Current Price

$79.98

$8.14 premium

UndervaluedFair: $71.84Overvalued

Intrinsic value data unavailable for SWX.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

OGS3 strengths · Avg: 8.7/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

P/E RatioValuation
17.4x8/10

Attractively priced relative to earnings

EPS GrowthGrowth
39.6%8/10

Earnings expanding 39.6% YoY

SWX4 strengths · Avg: 8.5/10
Profit MarginProfitability
31.4%10/10

Keeps 31 of every $100 in revenue as profit

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Operating MarginProfitability
24.2%8/10

Strong operational efficiency at 24.2%

EPS GrowthGrowth
20.9%8/10

Earnings expanding 20.9% YoY

Areas to Watch

OGS4 concerns · Avg: 2.3/10
Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

PEG RatioValuation
4.192/10

Expensive relative to growth rate

Revenue GrowthGrowth
-2.9%2/10

Revenue declined 2.9%

Altman Z-ScoreHealth
0.832/10

Distress zone — elevated risk

SWX4 concerns · Avg: 2.5/10
PEG RatioValuation
2.214/10

Expensive relative to growth rate

Revenue GrowthGrowth
-9.6%2/10

Revenue declined 9.6%

Free Cash FlowQuality
$-174.31M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.892/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : OGS

The strongest argument for OGS centers on Price/Book, P/E Ratio, EPS Growth.

Bull Case : SWX

The strongest argument for SWX centers on Profit Margin, Price/Book, Operating Margin. Profitability is solid with margins at 31.4% and operating margin at 24.2%.

Bear Case : OGS

The primary concerns for OGS are Return on Equity, PEG Ratio, Revenue Growth.

Bear Case : SWX

The primary concerns for SWX are PEG Ratio, Revenue Growth, Free Cash Flow.

Key Dynamics to Monitor

OGS carries more volatility with a beta of 0.66 — expect wider price swings.

OGS is growing revenue faster at -2.9% — sustainability is the question.

OGS generates stronger free cash flow (38M), providing more financial flexibility.

Monitor UTILITIES - REGULATED GAS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SWX scores higher overall (63/100 vs 57/100), backed by strong 31.4% margins. 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.

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.

Southwest Gas Holdings Inc

UTILITIES · UTILITIES - REGULATED GAS · USA

Southwest Gas Holdings, Inc. purchases, distributes and transports natural gas in Arizona, Nevada and California. The company is headquartered in Las Vegas, Nevada.

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