ONE Gas, Inc.

OGS Utilities Utilities Regulated Gas

ONE Gas, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, up 16.5% from fiscal 2024.

Revenue
+3.21%
EPS
+12.6%
Free cash flow
+12.7%
Total debt
+2.25%

Quarter to September 2026, against a year earlier

81.62 0.60 −0.73%
Market cap
$5.1B
P/E
17.3×
Fwd P/E
16.2×
Dividend yield
3.32%
F-score
6/9
Altman Z
1.02
Beneish M
−2.51
Dividend safety
44/100

ONE Gas, Inc. (OGS) Net margin

Alert me on Net margin

ONE Gas, Inc.'s net margin over the twelve months to 30 September 2026 was 12.6%, up 1.7 percentage points from fiscal 2025 (10.9%). Over the past ten years it has ranged from 7.69% (fiscal 2015) to 12.8% (fiscal 2020); the current reading is higher than 73% of that period. That is in line with the Utilities Regulated Gas industry median of 13.3% and above the Utilities sector median of 11.6%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 10.9% 0.18
FY2024 10.7% 0.95
FY2023 9.75% 1.15
FY2022 8.60% (2.81)
FY2021 11.4% (1.43)
FY2020 12.8% 1.54
FY2019 11.3% 0.76
FY2018 10.5% (0.05)
FY2017 10.6% 0.77
FY2016 9.82% 2.13

Quarterly newest first

Period Net margin Change (points)
Sep 2026 7.98% (3.39)
Jun 2026 11.4% (4.10)
Mar 2026 15.5% 2.95
Dec 2025 12.5% 5.54
43 more quarters

Against its own ten years

Low 7.69% High 12.8%
Ten-year median 10.6%
Current reading's percentile 95

Net margin against peers

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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