NI vs OGS
NI: NiSource operates regulated natural gas distribution and electric utility networks across the Midwest and Mid-Atlantic, with growing exposure to renewable energy and large data center contracts. OGS: ONE Gas is the largest natural gas distributor in Oklahoma and Kansas, serving 2.3 million regulated utility customers across three states with infrastructure investments focused on safety, reliability, and foundational energy needs.
Side-by-side fundamentals
| Metric | NI | OGS | Edge |
|---|---|---|---|
| Price as of 2026-07-22 close | $46.57 | $80.27 | |
| Market cap as of 2026-07-23 | $22.2B | $4.9B | |
| P/E as of 2026-07-23 | 23.03 | 18.04 | OGS lower |
| PEG as of 2026-07-23 | 2.69 | 2.60 | OGS lower |
| Net margin as of 2026-07-23 | +14.4% | +11.8% | NI higher |
| Gross margin as of 2026-07-23 | +40.6% | +62.1% | OGS higher |
| Operating margin as of 2026-07-23 | +28.3% | +20.1% | NI higher |
| ROE as of 2026-07-23 | +10.4% | +8.2% | NI higher |
| ROA as of 2026-07-23 | +2.7% | +3.2% | OGS higher |
| Debt / equity as of 2026-07-23 | 1.74 | 0.96 | OGS lower |
| Revenue growth (YoY) as of 2026-07-23 | +15.7% | +2.8% | NI higher |
| Revenue CAGR (3y) SEC XBRL | +4.4% | +16.0% | OGS higher |
| Dividend yield as of 2026-07-23 | +2.6% | +3.4% | OGS higher |
| Dividend streak (yrs) SEC XBRL | 5 | 5 | Tie |
| Beta as of 2026-07-23 | 0.56 | 0.67 | |
| 1-year return as of 2026-07-22 close | +10.6% | +7.5% | NI higher |
Fundamentals: Finnhub, as of 2026-07-23. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-22.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.