ONE Gas (OGS) Gross Margin (2017 - 2026)
ONE Gas' Gross Margin was 81.13% in Q3 2026, up 1.34 percentage points from 79.79% a year earlier and up 3.07 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 63.44% through Sep 30, 2026, up 4.43 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).
- The Q3 2026 figure marks the highest quarterly Gross Margin since Q3 2024.
- Compared with a year earlier, Gross Margin has increased for three straight quarters, with an average year-over-year change of +0.25 percentage points over the last eight quarters.
- 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 Q3 2026 was 78.07% (Q2 2026), 52.68% (Q1 2026) and 57.66% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 66.77% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | 38.33% |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | - |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 82.63% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 69.93% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 69.45% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | - |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | - |
| 10 | ONE Gas | 5.17 Bn | 5.07 Bn | 317.49 Mn | 81.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 81.13% |
| 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% |
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();