Growth Metrics

ONE Gas (OGS) Net Margin (2017 - 2026)

ONE Gas has reported Net Margin over the past 9 years, most recently at 12.52% for Q4 2025.

  • Quarterly Net Margin rose 31.0% to 12.52% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 10.88% through Dec 2025, up 19.0% year-over-year, with the annual reading at 10.88% for FY2025, 19.0% up from the prior year.
  • Net Margin was 12.52% for Q4 2025 at ONE Gas, up from 6.98% in the prior quarter.
  • Over five years, Net Margin peaked at 15.28% in Q1 2021 and troughed at 5.66% in Q3 2024.
  • The 5-year median for Net Margin is 8.87% (2021), against an average of 9.53%.
  • Year-over-year, Net Margin plummeted -510bps in 2022 and then skyrocketed 348bps in 2023.
  • A 5-year view of Net Margin shows it stood at 10.19% in 2021, then fell by -20bps to 8.19% in 2022, then surged by 42bps to 11.67% in 2023, then rose by 5bps to 12.21% in 2024, then rose by 3bps to 12.52% in 2025.
  • Per Business Quant, the three most recent readings for OGS's Net Margin are 12.52% (Q4 2025), 6.98% (Q3 2025), and 7.56% (Q2 2025).