One Gas [OGS] vs Southwest Gas [SWX] Detailed Stock Comparison

One Gas Inc.

NYSE
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Southwest Gas Holdings Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: One Gas Inc. wins in 10 metrics, Southwest Gas Holdings Inc. wins in 11 metrics, with 0 ties. Southwest Gas Holdings Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric One Gas Inc. Southwest Gas Holdings Inc. Better
P/E Ratio (TTM) 19.92 27.83 One Gas Inc.
Price-to-Book Ratio 1.59 1.65 One Gas Inc.
Debt-to-Equity Ratio 98.43 88.56 Southwest Gas Holdings Inc.
PEG Ratio 3.36 2.56 Southwest Gas Holdings Inc.
EV/EBITDA 11.38 11.52 One Gas Inc.
Profit Margin (TTM) 10.89% 22.67% Southwest Gas Holdings Inc.
Operating Margin (TTM) 20.31% 33.91% Southwest Gas Holdings Inc.
EBITDA Margin (TTM) 20.31% 33.91% Southwest Gas Holdings Inc.
Return on Equity 8.07% 6.14% One Gas Inc.
Return on Assets (TTM) 3.32% 2.73% One Gas Inc.
Free Cash Flow (TTM) $-128.39M $-251.79M One Gas Inc.
Dividend Yield 3.12% 3.51% Southwest Gas Holdings Inc.
1-Year Return 3.99% 20.02% Southwest Gas Holdings Inc.
Price-to-Sales Ratio (TTM) 2.25 3.37 One Gas Inc.
Enterprise Value $8.83B $9.47B Southwest Gas Holdings Inc.
EV/Revenue Ratio 3.64 4.88 One Gas Inc.
Gross Profit Margin (TTM) 35.17% 56.45% Southwest Gas Holdings Inc.
Revenue per Share (TTM) $40 $27 One Gas Inc.
Earnings per Share (Diluted) $4.37 $3.25 One Gas Inc.
Beta (Stock Volatility) 0.74 0.60 Southwest Gas Holdings Inc.
Short % of Float 5.28% 2.47% Southwest Gas Holdings Inc.

One Gas Inc. vs Southwest Gas Holdings Inc. Stock Performance Analysis

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OGS
SWX

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
One Gas Inc.1.41%-2.28%-12.97%-11.86%-1.84%-0.15%
Southwest Gas Holdings Inc.1.68%0.51%-6.34%-2.71%10.31%8.76%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
One Gas Inc.3.99%-4.47%3.36%28.99%133.52%133.52%
Southwest Gas Holdings Inc.20.02%43.97%29.68%20.20%129.22%189.49%

Performance & Financial Health Analysis: One Gas Inc. vs Southwest Gas Holdings Inc.

MetricOGSSWX
Market Information
Market Cap i$5.57B$6.55B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i363,930412,180
90 Day Avg. Volume i487,980476,960
Last Close$78.39$87.17
52 Week Range$70.87 - $90.78$70.03 - $94.43
% from 52W High-13.65%-7.69%
All-Time High$96.97 (Feb 17, 2020)$95.62 (May 23, 2022)
% from All-Time High-19.16%-8.84%
Growth Metrics
Quarterly Revenue Growth0.09%-0.13%
Quarterly Earnings Growth0.12%-0.26%
Financial Health
Profit Margin (TTM) i0.11%0.23%
Operating Margin (TTM) i0.20%0.34%
Return on Equity (TTM) i0.08%0.06%
Debt to Equity (MRQ) i98.4388.56
Cash & Liquidity
Book Value per Share (MRQ)$54.87$54.84
Cash per Share (MRQ)$0.21$7.98
Operating Cash Flow (TTM) i$578.83M$556.08M
Levered Free Cash Flow (TTM) i$-208,684,256$-45,277,000
Dividends
Last 12-Month Dividend Yield i3.12%3.51%
Last 12-Month Dividend i$2.69$3.10

Valuation & Enterprise Metrics Analysis: One Gas Inc. vs Southwest Gas Holdings Inc.

MetricOGS (Apr 24, 2026)SWX (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i19.9227.83
Forward P/E i17.5018.41
PEG Ratio i3.362.56
Price to Sales (TTM) i2.253.37
Price to Book (MRQ) i1.591.65
Market Capitalization
Market Capitalization i$5.57B$6.55B
Enterprise Value i$8.83B$9.47B
Enterprise Value Metrics
Enterprise to Revenue i3.644.88
Enterprise to EBITDA i11.3811.52
Risk & Other Metrics
Beta i0.740.60
Book Value per Share (MRQ) i$54.87$54.84

Financial Statements Comparison: One Gas Inc. vs Southwest Gas Holdings Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricOGS (2025)SWX (2025)
Revenue/Sales i2.43B1.94B
Cost of Goods Sold i1.56B1.04B
COGS % of Revenue i64.2%53.7%
Gross Profit i870.02M898.68M
Gross Margin i35.8%46.3%
Research & Development iN/AN/A
Operating Income (EBIT) i457.47M481.55M
Operating Margin i18.8%24.8%
EBITDA i776.51M858.87M
EBITDA Margin i32.0%44.3%
Pre-Tax Income i321.46M330.87M
Pre-Tax Income % of Revenue i13.2%17.1%
Income Tax i57.24M96.04M
Income Tax % of Revenue i2.4%4.9%
Net Income (Profit) i264.22M435.18M
Profit Margin i10.9%22.4%

Balance Sheet & Liquidity Metrics

MetricOGS (2025)SWX (2025)
Cash & Equivalents i10.62M576.65M
Total Current Assets i915.88M1.19B
Total Current Assets % of Revenue i37.7%61.4%
Total Current Liabilities i1.53B929.90M
Total Current Liabilities % of Revenue i63.1%47.9%
Long-Term Debt i2.36B3.43B
Long-Term Debt % of Revenue i97.1%176.9%
Total Shareholders Equity i3.44B3.96B
Retained Earnings i909.36M1.02B
Retained Earnings % of Revenue i37.5%52.7%
Property, Plant & Equipment iN/A178.83M

Cash Flow Statement Comparison

MetricOGS (2025)SWX (2025)
Operating Cash Flow i570.67M578.14M
Operating Cash Flow % of Revenue i23.5%29.8%
Capital Expenditures iN/A5.31M
Free Cash Flow i-128.39M-251.79M
FCF Margin i-5.3%-13.0%
Debt Repayment i-29.51M-680.00M
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricOGSSWX
Shares Short i2.53M1.37M
Short Ratio i4.772.86
Short % of Float i5.28%2.47%
Shares Outstanding i62.69M72.22M
Float Shares i62.03M66.75M
% Held by Insiders i1.04%0.61%
% Held by Institutions i94.50%90.33%
% Held by Public i4.46%9.06%

Dividend Analysis & Yield Comparison: One Gas Inc. vs Southwest Gas Holdings Inc.

MetricOGSSWX
Last 12-Month Dividend i$2.69$3.10
Last 12-Month Dividend Yield i3.12%3.51%
3-Year Avg Annual Dividend i$2.65$2.48
3-Year Avg Dividend Yield i0.92%0.88%
3-Year Total Dividends i$7.95$7.44
Ex-Dividend DateFeb 20, 2026Feb 17, 2026