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
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ONE Gas, Inc. (OGS) Operating margin
ONE Gas, Inc.'s operating margin over the twelve months to 30 September 2026 was 21.1%, up 2.2 percentage points from fiscal 2025 (18.9%). Over the past ten years it has ranged from 13.6% (fiscal 2022) to 20.6% (fiscal 2017); the current reading is higher than 64% of that period. That is below the Utilities Regulated Gas industry median of 22.8% and above the Utilities sector median of 18.7%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 18.9% | (0.30) |
| FY2024 | 19.2% | 3.23 |
| FY2023 | 15.9% | 2.35 |
| FY2022 | 13.6% | (3.58) |
| FY2021 | 17.2% | (2.68) |
| FY2020 | 19.8% | 1.97 |
| FY2019 | 17.9% | 0.21 |
| FY2018 | 17.7% | (2.92) |
| FY2017 | 20.6% | 0.32 |
| FY2016 | 20.3% | 4.80 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 19.8% | (0.31) |
| Jun 2026 | 20.1% | (2.72) |
| Mar 2026 | 22.8% | 2.53 |
| Dec 2025 | 20.3% | 3.02 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| SWX Southwest Gas Corporation compare | 28.9% |
| CPK Chesapeake Utilities Corporation compare | 27.2% |
| NJR NewJersey Resources Corporation compare | 24.8% |
| BKH Bright Horizon Energy Corporation compare | 24.3% |
| NWN Northwest Natural Gas Company compare | 22.9% |
| SR Spire Inc. compare | 22.7% |
| OGS ONE Gas, Inc. | 21.1% |
| MDU MDU Resources Group, Inc. compare | 17.0% |
| UGI UGI Corporation compare | 16.2% |
| Utilities Regulated Gas industry median | 22.8% |
| Utilities sector median | 18.7% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on OGS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement