ONE Gas (OGS) Return on Capital Employed (2014 - 2026)
ONE Gas (OGS) reported 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 13 years of Return on Capital Employed data on file, last reported at 6.27% in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 6.27%, up 17.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.27% (up 17.0% YoY), and the FY2025 annual result was 6.44%, up 43.0% from the prior year.
- Return on Capital Employed eased to 6.27% in Q1 2026 per OGS's latest filing, from 6.4% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 6.44% in Q3 2023 and troughed at 4.93% in Q3 2022.
- A 5-year average of 5.92% and a median of 5.99% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed surged 156 bps in 2022, then plunged 60 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 5.5% in 2022, then grew by 12 bps to 6.17% in 2023, then dropped by 4 bps to 5.89% in 2024, then advanced by 9 bps to 6.4% in 2025, then fell 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 | 28.34 Bn | 28.21 Bn | - | 6.07% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 5.83% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 8.41% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 7.27% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 5.55% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 6.27% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 4.23% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | 5.21% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 7.69% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | 13.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 3.81% |