ONE Gas (OGS) Return on Capital Employed (2014 - 2026)
ONE Gas (OGS) posted quarterly Return on Capital Employed of 6.27% for Q1 2026, up 17.0% year-over-year from 5.36% in Q1 2025, and down 1.99% quarter-over-quarter from 6.4% in Q4 2025.
ONE Gas (OGS) Return on Capital Employed (2014 - 2026) Analysis & Trends
ONE Gas (OGS) has reported Return on Capital Employed for 13 consecutive years, with 6.27% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed rose 17.0% year-over-year to 6.27%; the TTM figure through Mar 2026 stood at 6.27% (up 17.0% YoY), while the FY2025 annual figure was 6.44%, up 43.0% from the prior year.
- Return on Capital Employed retreated to 6.27% in Q1 2026 per OGS's latest filing, from 6.4% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 6.44% in Q3 2023 and bottomed at 4.93% in Q3 2022.
- Historically, Return on Capital Employed has averaged 5.92% across 5 years, with a median of 5.99% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 156 bps — and 2024, when it plunged 60 bps.
- ONE Gas' Return on Capital Employed stood at 5.5% in 2022, then increased by 12 bps to 6.17% in 2023, then declined by 4 bps to 5.89% in 2024, then climbed by 9 bps to 6.4% in 2025, then retreated by 2 bps to 6.27% in 2026.
- Business Quant data shows OGS's Return on Capital Employed at 6.27% in Q1 2026, 6.4% in Q4 2025, and 6.34% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.00 Bn | 28.47 Bn | - | 6.24% |
| 2 | Nisource | 20.18 Bn | 20.11 Bn | 867.50 Mn | 5.70% |
| 3 | Ugi | 8.27 Bn | 7.79 Bn | 573.00 Mn | 8.26% |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 7.84% |
| 5 | Black Hills | 5.59 Bn | 5.51 Bn | - | 5.78% |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 6.41% |
| 7 | Mdu Resources | 4.33 Bn | 4.28 Bn | - | 4.32% |
| 8 | Chesapeake Utilities | 3.30 Bn | 3.28 Bn | 150.20 Mn | 7.66% |
| 9 | Centuri Holdings | 2.24 Bn | 2.20 Bn | 69.14 Mn | 4.96% |
| 10 | Brookfield Infrastructure | 2.20 Bn | 1.44 Bn | 572.00 Mn | 13.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.41% |
| Mar 31, 2026 | 6.27% |
| Dec 31, 2025 | 6.40% |
| Sep 30, 2025 | 6.34% |
| Jun 30, 2025 | 6.19% |
| Mar 31, 2025 | 6.11% |
| Dec 31, 2024 | 5.89% |
| Sep 30, 2024 | 5.83% |
| Jun 30, 2024 | 5.99% |
| Mar 31, 2024 | 5.88% |
| Dec 31, 2023 | 6.17% |
| Sep 30, 2023 | 6.44% |
| Jun 30, 2023 | 6.14% |
| Mar 31, 2023 | 5.92% |
| Dec 31, 2022 | 5.50% |
| Sep 30, 2022 | 4.93% |
| Jun 30, 2022 | 5.37% |
| Mar 31, 2022 | 5.29% |
| Dec 31, 2021 | 4.26% |
| Sep 30, 2021 | 4.14% |