ONE Gas (OGS) vs Spire (SR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Spire (SR) has outperformed ONE Gas (OGS) over the past year, losing 6.3% versus a loss of 10.7%. Over five years, SR leads with a +21.0% price change compared with +6.6% for OGS. Spire is the larger company by market cap ($4.61 billion vs $4.55 billion), about 1.0 times the size, while ONE Gas is growing revenue faster (+16.5% vs -4.5%).
On valuation, Spire trades at a lower forward P/E (14.2x vs 14.4x for ONE Gas). Spire offers the higher dividend yield (4.18% vs 3.73%). Spire converts more of its revenue into profit, with a net margin of 11.0% versus 10.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | OGS | SR |
|---|---|---|
| Share price | $72.36 | $77.99 |
| Market cap | $4.55B | $4.61B |
| 1-day change | -0.40% | +0.22% |
| YTD return | -6.33% | -5.90% |
| 1-year return | -10.67% | -6.26% |
| 5-year return | +6.60% | +20.99% |
| P/E ratio (TTM) | 15.56 | 22.61 |
| Forward P/E | 14.37 | 14.22 |
| EPS (TTM) | $4.65 | $3.45 |
| Dividend yield | 3.73% | 4.18% |
| Annual dividend | $2.70 | $3.26 |
| Revenue (latest FY) | $2.43B | $2.48B |
| Revenue growth (YoY) | +16.50% | -4.50% |
| Net income (latest FY) | $264.22M | $271.70M |
| Gross margin | 58.85% | 58.76% |
| Operating margin | 18.85% | 21.16% |
| Net margin | 10.88% | 10.97% |
| 52-week high | $90.78 | $95.31 |
| 52-week low | $70.37 | $74.84 |
| Distance from 52-week high | -20.29% | -18.17% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +22.61% | +17.19% |
| Average volume | 537.99K | 479.34K |
| Shares outstanding | 62.86M | 59.11M |
| Employees | 4,000 | 3,497 |
| Sector | Utilities | Utilities |
| Industry | Oil/Gas Transmission | Oil/Gas Transmission |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Spire trades at a higher earnings multiple (22.6x vs 15.6x trailing P/E).
- ONE Gas grew revenue faster in its latest fiscal year (+16.50% vs -4.50%).
About ONE Gas
OGS stock →ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company offers natural gas distribution services.
Utilities · Oil/Gas Transmission · 4,000 employees
About Spire
SR stock →Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream.
Utilities · Oil/Gas Transmission · 3,497 employees
OGS vs SR FAQ
Which is bigger, ONE Gas or Spire?
Spire (SR) is larger, with a market capitalization of $4.61B compared with $4.55B for ONE Gas (OGS).
Which stock has performed better over the past year, OGS or SR?
SR returned -6.26% over the past 12 months, compared with -10.67% for OGS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, OGS or SR?
OGS has the lower trailing P/E at 15.6, versus 22.6 for SR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, ONE Gas or Spire?
Spire has the higher yield at 4.18%, compared with 3.73% for ONE Gas.
Are ONE Gas and Spire in the same industry?
Yes. Both are classified in the Oil/Gas Transmission industry within the Utilities sector.