ONE Gas (OGS) Net Margin (2017 - 2026)
ONE Gas (OGS) reported Net Margin of 7.98% for Q3 2026, up 1.00 percentage points from 6.98% a year earlier but down 3.39 percentage points from the prior quarter.
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Analysis
ONE Gas (OGS) Net Margin (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, ONE Gas' Net Margin came in at 12.61%, up 1.85 percentage points year-over-year; for FY2025, it came in at 10.88%, up 0.19 percentage points from FY2024.
- Net Margin has increased for three consecutive years, though with a five-year change of -1.95 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 10.70% in FY2024 (+0.95 pp), 9.75% in FY2023 (+1.15 pp), 8.60% in FY2022 (-2.81 pp) and 11.41% in FY2021 (-1.42 pp).
- Five-year quarterly Net Margin spans a low of 5.66% in Q3 2024 and a high of 15.47% in Q1 2026.
- Year over year, Net Margin has now increased in each of the last five quarters, with an average year-over-year change of +1.15 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q2 2026 (a gain of 3.81 percentage points); the low point was Q1 2022 (a drop of 5.10 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 11.37% (Q2 2026), 15.47% (Q1 2026) and 12.52% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 18.45% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | 11.21% |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 59.02% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 23.14% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 17.04% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 11.05% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 4.04% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 0.23% |
| 10 | ONE Gas | 5.17 Bn | 5.07 Bn | 317.49 Mn | 7.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.98% |
| Jun 30, 2026 | 11.37% |
| Mar 31, 2026 | 15.47% |
| Dec 31, 2025 | 12.52% |
| Sep 30, 2025 | 6.98% |
| Jun 30, 2025 | 7.56% |
| Mar 31, 2025 | 12.77% |
| Dec 31, 2024 | 12.21% |
| Sep 30, 2024 | 5.66% |
| Jun 30, 2024 | 7.69% |
| Mar 31, 2024 | 13.10% |
| Dec 31, 2023 | 11.67% |
| Sep 30, 2023 | 7.50% |
| Jun 30, 2023 | 8.21% |
| Mar 31, 2023 | 9.94% |
| Dec 31, 2022 | 8.19% |
| Sep 30, 2022 | 6.60% |
| Jun 30, 2022 | 7.48% |
| Mar 31, 2022 | 10.18% |
| Dec 31, 2021 | 10.19% |
API Access
ONE Gas Net 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=net-margin&ticker=OGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=OGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();