ONE Gas (OGS) Gross Margin (2017 - 2026)
ONE Gas' Gross Margin was 78.07% in Q2 2026, up 5.90 percentage points from 72.17% a year earlier and up 25.39 percentage points from the prior quarter.
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Analysis
ONE Gas (OGS) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, ONE Gas' Gross Margin was 63.13% through Jun 30, 2026, up 4.06 percentage points year-over-year; for FY2025, it was 58.85%, down 3.80 percentage points from FY2024.
- Gross Margin shows a five-year change of -6.03 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 62.64% in FY2024 (+10.47 pp), 52.17% in FY2023 (+8.77 pp), 43.40% in FY2022 (-13.75 pp) and 57.15% in FY2021 (-7.73 pp).
- Quarterly Gross Margin has moved between 34.13% (Q1 2022) and 82.48% (Q3 2024) over five years.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.54 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 17.52 percentage points); the worst was Q1 2022 (a drop of 15.65 percentage points).
- Per Business Quant data, OGS's Gross Margin in the three quarters before Q2 2026 was 52.68% (Q1 2026), 57.66% (Q4 2025) and 79.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | 39.24% |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | - |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | - |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 73.06% |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | - |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 75.47% |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 99.07% |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | - |
| 10 | ONE Gas | 4.50 Bn | 4.39 Bn | 321.35 Mn | 78.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.07% |
| Mar 31, 2026 | 52.68% |
| Dec 31, 2025 | 57.66% |
| Sep 30, 2025 | 79.79% |
| Jun 30, 2025 | 72.17% |
| Mar 31, 2025 | 45.20% |
| Dec 31, 2024 | 58.18% |
| Sep 30, 2024 | 82.48% |
| Jun 30, 2024 | 79.68% |
| Mar 31, 2024 | 49.49% |
| Dec 31, 2023 | 55.84% |
| Sep 30, 2023 | 78.88% |
| Jun 30, 2023 | 67.29% |
| Mar 31, 2023 | 35.49% |
| Dec 31, 2022 | 38.32% |
| Sep 30, 2022 | 64.88% |
| Jun 30, 2022 | 56.12% |
| Mar 31, 2022 | 34.13% |
| Dec 31, 2021 | 48.15% |
| Sep 30, 2021 | 78.32% |
API Access
ONE Gas Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=OGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "OGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=OGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();