Superworth

ONE Gas profit margin OGS

Gross, operating and net profit as a share of revenue over the last twelve months, from 2017.

Net margin, 12 months
12.5%
Operating margin, 12 months
20.6%
Net margin on a year earlier
+1.8 pts
Peer median
13.2%

Over the twelve months to Jun 30, 2026, ONE Gas kept 12.5% of its revenue as net profit, with an operating margin of 20.6% and a gross margin of 63.1%.

Five years earlier its net margin was 12.3%.

The median for 7 gas utilities of a similar size is 13.2%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202510.9%18.8%58.8%
FY202410.7%19.1%62.6%
FY20239.7%15.9%52.2%
FY20228.6%13.6%43.4%
FY202111.4%17.2%57.1%
FY202012.8%19.8%64.9%
FY201911.3%17.9%n/a
FY201810.5%17.7%n/a
FY201710.6%20.6%60.1%
FY2016n/an/an/a
FY2015n/an/an/a
FY2014n/an/an/a
FY2013n/an/an/a

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY2612.5%+1.8 pts20.6%
Q1 FY2611.8%+1.0 pts20.1%
Q4 FY2510.9%+0.2 pts18.8%
Q3 FY2510.8%+0.2 pts18.7%
Q2 FY2510.6%−0.2 pts18.7%
Q1 FY2510.7%−0.1 pts19.2%
Q4 FY2410.7%+0.9 pts19.1%
Q3 FY2410.5%+1.7 pts18.5%
Q2 FY2410.8%+2.2 pts18.5%
Q1 FY2410.9%+2.3 pts17.8%
Q4 FY239.7%+1.1 pts15.9%
Q3 FY238.8%−0.3 pts14.5%

Against its peers

Companies in Regulated Gas nearest ONE Gas' size, closest first, today.

CompanyProfit margin
OGSONE Gas12.5%
SRSpire21.6%
NJRNew Jersey Resources16.4%
MDUMDU Resources10.7%
NFGNational Fuel Gasn/m
NWNNorthwest Natural9.7%
NINiSource13.2%
ATOAtmos Energyn/m
Peer median13.2%

Where ONE Gas ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on ONE Gas

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.