ONE Gas (OGS) Return on Invested Capital [ROIC] (2014 - 2026)
ONE Gas' Return on Invested Capital [ROIC] came in at 6.68% for Q3 2026, down 0.06 percentage points from 6.74% a year earlier and down 0.03 percentage points from the prior quarter.
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Analysis
ONE Gas (OGS) Return on Invested Capital [ROIC] (2014 - 2026) Analysis & Trends
For FY2025, ONE Gas' Return on Invested Capital [ROIC] was 6.66%, up 0.08 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last three years, though with a five-year change of -0.26 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 6.58% in FY2024 (+0.27 pp), 6.32% in FY2023 (+1.19 pp), 5.13% in FY2022 (-0.14 pp) and 5.27% in FY2021 (-1.66 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is 4.31% (Q4 2021) to 6.96% (Q3 2023).
- Year-over-year, Return on Invested Capital [ROIC] increased in five of the last eight quarters, with an average year-over-year change of +0.08 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2022 (a gain of 1.75 percentage points), and the weakest in Q4 2021 (a drop of 2.28 percentage points).
- Business Quant data shows OGS's Return on Invested Capital [ROIC] at 6.72% (Q2 2026), 6.61% (Q1 2026) and 6.64% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 8.06% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | - |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 4.66% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 5.00% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 5.52% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 5.76% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 5.06% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | 7.17% |
| 10 | ONE Gas | 5.17 Bn | 5.07 Bn | 317.49 Mn | 6.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.68% |
| Jun 30, 2026 | 6.72% |
| Mar 31, 2026 | 6.61% |
| Dec 31, 2025 | 6.64% |
| Sep 30, 2025 | 6.74% |
| Jun 30, 2025 | 6.65% |
| Mar 31, 2025 | 6.66% |
| Dec 31, 2024 | 6.42% |
| Sep 30, 2024 | 6.33% |
| Jun 30, 2024 | 6.46% |
| Mar 31, 2024 | 6.43% |
| Dec 31, 2023 | 6.81% |
| Sep 30, 2023 | 6.96% |
| Jun 30, 2023 | 6.74% |
| Mar 31, 2023 | 6.15% |
| Dec 31, 2022 | 5.72% |
| Sep 30, 2022 | 5.77% |
| Jun 30, 2022 | 5.76% |
| Mar 31, 2022 | 4.93% |
| Dec 31, 2021 | 4.31% |
API Access
ONE Gas Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=OGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=OGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();