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ONE GAS OGS Operating margin

Discontinued — last reported Q4 '22

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Other financials

Income statement

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Revenue$644.5M+42.5%
Gross profit$279.7M+8.3%
Operating income$82.7M+15.1%
Net income$46.8M+46.1%
EPS (diluted)$0.74+39.6%

Balance sheet

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Cash & equivalents$30.6M-28.4%
Total debt$2.4B+11.5%
Total equity$3.5B+11.1%
Total assets$8.8B+5.4%

Cash flow

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Operating cash flow$211.0M+23.2%
CapEx$173.5M-3.9%
Free cash flow$37.5M+511%

Valuation

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Market cap$4.97B+13.0%
Enterprise value$7.39B+12.7%
P/E17.3×-0.5×

Profitability

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Gross margin43.4%-13.7pp
Net margin8.6%-2.8pp
FCF margin42.8%+24.8pp

Returns & leverage

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Return on equity8.6%+0.3pp
Debt / equity0.7×0.0×
Current ratio0.5×0.0×

Where this comes from

Calculated from ONE GAS’s reported figures.

Based on trailing twelve months.

The source filing: ONE GAS’s 10-K, filed February 19, 2026. Open the filing →

Filed
Feb 19, 2026, 4:03 PM EST
Fiscal year
FY2025
Accession
0001587732-26-000009

FAQ

What is ONE GAS's operating margin?
ONE GAS (OGS) reported operating margin of 13.6% in Q4 2022.
How has ONE GAS's operating margin changed year-over-year?
ONE GAS's operating margin decreased by 20.9% year-over-year, from 17.2% to 13.6%.
What is the long-term trend for ONE GAS's operating margin?
Over 2 years (2020 to 2022), ONE GAS's operating margin has grown at a -17.3% compound annual growth rate (CAGR), from 19.8% to 13.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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