ONE Gas (OGS) Net Margin (2017 - 2026)
ONE Gas' (OGS) quarterly Net Margin came in at 11.37% in Q2 2026, up 381.0% year-over-year from 2.36% in Q2 2025, and down 26.5% quarter-over-quarter from 15.47% in Q1 2026.
Analysis
ONE Gas (OGS) Net Margin (2017 - 2026) Analysis & Trends
ONE Gas (OGS) has reported Net Margin for 10 consecutive years, with 11.37% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 381.0% year-over-year to 11.37% in Q2 2026; TTM through Jun 2026 was 12.47%, a 184.0% increase from a year earlier, with the FY2025 full-year figure at 10.88%, up 19.0% from the prior year.
- Net Margin was 11.37% for Q2 2026 at ONE Gas, down from 15.47% in the prior quarter.
- Over five years, Net Margin peaked at 15.47% in Q1 2026 and troughed at 5.66% in Q3 2024.
- A 5-year average of 9.73% and a median of 9.08% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin slumped 510 bps in 2022 and soared 381 bps in 2026, its largest moves.
- Over 5 years, Net Margin stood at 8.19% in 2022, then jumped by 42 bps to 11.67% in 2023, then increased by 5 bps to 12.21% in 2024, then increased by 3 bps to 12.52% in 2025, then slipped by 9 bps to 11.37% in 2026.
- The last three Net Margin figures came in at 11.37% (Q2 2026), 15.47% (Q1 2026), and 12.52% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.05 Bn | 27.52 Bn | - | 27.61% |
| 2 | Nisource | 19.96 Bn | 19.89 Bn | 867.50 Mn | 3.39% |
| 3 | New Jersey Resources | 5.39 Bn | 5.35 Bn | 243.61 Mn | 2.32% |
| 4 | ONE Gas | 4.95 Bn | 4.92 Bn | 272.01 Mn | 11.37% |
| 5 | Rgc Resources | 220.42 Mn | 217.40 Mn | 11.98 Mn | 3.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 7.39% |