ONE Gas (OGS) FCF Margin (2017 - 2026)
ONE Gas (OGS) posted quarterly FCF Margin of 2.38% for Q1 2026, down 948.0% year-over-year from 0.28% in Q1 2025, and up 113.14% quarter-over-quarter from 18.1% in Q4 2025.
ONE Gas (OGS) FCF Margin (2017 - 2026) Analysis & Trends
ONE Gas (OGS) has reported FCF Margin for 10 consecutive years, with 2.38% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 948.0% year-over-year to 2.38%; the TTM figure through Mar 2026 stood at 9.44% (down 213.0% YoY), while the FY2025 annual figure was 5.29%, up 1078.0% from the prior year.
- FCF Margin advanced to 2.38% in Q1 2026 per OGS's latest filing, from 18.1% in the prior quarter.
- Across five years, FCF Margin topped out at 308.24% in Q3 2022 and bottomed at 37.12% in Q3 2024.
- Historically, FCF Margin has averaged 12.43% across 5 years, with a median of 7.71% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin surged 34981 bps — and 2023, when it tumbled 33037 bps.
- ONE Gas' FCF Margin stood at 22.24% in 2022, then jumped by 41 bps to 13.09% in 2023, then sank by 42 bps to 18.54% in 2024, then climbed by 2 bps to 18.1% in 2025, then soared by 113 bps to 2.38% in 2026.
- Business Quant data shows OGS's FCF Margin at 2.38% in Q1 2026, 18.1% in Q4 2025, and 27.79% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.00 Bn | 28.48 Bn | - | -45.44% |
| 2 | Nisource | 20.17 Bn | 20.10 Bn | 867.50 Mn | -31.06% |
| 3 | Ugi | 8.29 Bn | 7.82 Bn | 573.00 Mn | 1.20% |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | -8.69% |
| 5 | Black Hills | 5.59 Bn | 5.51 Bn | - | -5.08% |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 9.11% |
| 7 | Mdu Resources | 4.32 Bn | 4.28 Bn | - | 3.96% |
| 8 | Chesapeake Utilities | 3.30 Bn | 3.28 Bn | 150.20 Mn | -14.56% |
| 9 | Centuri Holdings | 2.24 Bn | 2.20 Bn | 69.14 Mn | -0.82% |
| 10 | Brookfield Infrastructure | 2.20 Bn | 1.44 Bn | 572.00 Mn | 13.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.11% |
| Mar 31, 2026 | 2.38% |
| Dec 31, 2025 | -18.10% |
| Sep 30, 2025 | -27.79% |
| Jun 30, 2025 | -2.15% |
| Mar 31, 2025 | 11.85% |
| Dec 31, 2024 | -18.54% |
| Sep 30, 2024 | -37.12% |
| Jun 30, 2024 | -9.31% |
| Mar 31, 2024 | -7.71% |
| Dec 31, 2023 | -13.09% |
| Sep 30, 2023 | -22.13% |
| Jun 30, 2023 | 27.25% |
| Mar 31, 2023 | 30.81% |
| Dec 31, 2022 | -22.24% |
| Sep 30, 2022 | 308.24% |
| Jun 30, 2022 | 9.62% |
| Mar 31, 2022 | -0.58% |
| Dec 31, 2021 | -20.65% |
| Sep 30, 2021 | -41.58% |