NI vs OGS
NI: A regulated utility provider transitioning its power generation fleet toward renewables to support the growing energy needs of data centers and hyperscalers. OGS: A regulated natural gas distribution utility operating infrastructure across Oklahoma, Kansas, and Texas to deliver safe and reliable energy to customers.
Side-by-side fundamentals
| Metric | NI | OGS | Edge |
|---|---|---|---|
| Price as of 2026-10-08 close | $40.53 | $72.36 | |
| Market cap | $19.4B | $4.5B | |
| P/E as of 2026-10-08 | 21.48 | 15.61 | OGS lower |
| PEG as of 2026-10-08, 3-year EPS CAGR to FY2025 | 4.59 | 6.74 | NI lower |
| Net margin | +14.3% | +8.6% | NI higher |
| Operating margin | +28.1% | +13.6% | NI higher |
| ROE FY2025, SEC XBRL | +9.8% | +7.7% | NI higher |
| ROA FY2025, SEC XBRL | +2.6% | +3.0% | OGS higher |
| Debt / equity as of 2026-09-03 | 1.82 | 0.96 | OGS lower |
| Revenue growth (YoY) as of 2026-09-03 | +12.7% | -0.8% | NI higher |
| Revenue CAGR (3y) SEC XBRL | +4.4% | +16.0% | OGS higher |
| Dividend yield as of 2026-09-03 | +3.0% | +3.6% | OGS higher |
| Dividend streak (yrs) SEC XBRL | 10 | 12 | OGS higher |
| Beta as of 2026-09-03 | 0.33 | 0.13 | |
| 1-year return as of 2026-10-08 close | -7.7% | -10.7% | NI higher |
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.