ONE Gas (OGS) EBIT Margin (2017 - 2026)
ONE Gas (OGS) posted quarterly EBIT Margin of 22.8% for Q1 2026, up 349.0% YoY from 5.08% in Q1 2025, and up 12.46% sequentially from 20.27% in Q4 2025.
ONE Gas (OGS) EBIT Margin (2017 - 2026) Analysis & Trends
ONE Gas has disclosed EBIT Margin across 10 years of filings, most recently posting 22.8% for Q1 2026.
- In Q1 2026, EBIT Margin rose 349.0% year-over-year to 22.8%; the TTM figure through Mar 2026 stood at 20.08% (up 90.0% YoY), while the FY2025 annual figure was 18.85%, down 30.0% from the prior year.
- EBIT Margin advanced to 22.8% in Q1 2026, from 20.27% in the prior quarter.
- Over the last five years, EBIT Margin for OGS reached as high as 22.8% in Q1 2026 and fell as low as 12.66% in Q4 2022.
- The 5-year median for EBIT Margin is 17.25% (2025), against an average of 17.16%.
- Annual changes were most pronounced in 2022 — EBIT Margin slumped 636 bps — and 2023, when it soared 502 bps.
- A 5-year view of EBIT Margin shows it stood at 12.66% in 2022, then surged by 40 bps to 17.68% in 2023, then rose by 11 bps to 19.71% in 2024, then grew by 3 bps to 20.27% in 2025, then increased by 12 bps to 22.8% in 2026.
- According to Business Quant data, EBIT Margin over the past three periods registered 22.8%, 20.27%, and 17.25% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | 38.97% |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | 35.28% |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | 28.23% |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | 32.04% |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | 25.86% |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | 22.80% |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | 19.09% |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | 39.87% |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | -0.66% |
| 10 | Rgc Resources | 248.35 Mn | 244.36 Mn | 39.84 Mn | 24.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.80% |
| Dec 31, 2025 | 20.27% |
| Sep 30, 2025 | 17.25% |
| Jun 30, 2025 | 16.96% |
| Mar 31, 2025 | 19.30% |
| Dec 31, 2024 | 19.71% |
| Sep 30, 2024 | 17.46% |
| Jun 30, 2024 | 19.56% |
| Mar 31, 2024 | 19.23% |
| Dec 31, 2023 | 17.68% |
| Sep 30, 2023 | 17.03% |
| Jun 30, 2023 | 16.08% |
| Mar 31, 2023 | 14.46% |
| Dec 31, 2022 | 12.66% |
| Sep 30, 2022 | 13.09% |
| Jun 30, 2022 | 13.65% |
| Mar 31, 2022 | 14.49% |
| Dec 31, 2021 | 14.65% |
| Sep 30, 2021 | 15.26% |
| Jun 30, 2021 | 16.19% |