Current ONE Gas reports a gross margin of 63.4%, an operating margin of 25.1%, an EBITDA margin of 38.6%, and a net margin of 12.6%. Gross margin headed the improvement across the available margins, gaining by 4.4 percentage points.
OGS margin history
Over the last 3 years, ONE Gas's margins averaged 60.24% gross, 22.68% operating, 36.44% EBITDA, and 11.04% net. All four current margins are above their three-year averages.
OGS margin expansion
Gross margin expanded by 4.4 percentage points, operating margin by 2.5 percentage points, EBITDA margin by 2.5 percentage points, and net margin by 1.8 percentage points, led by gross margin with an increase of 4.4 percentage points.
OGS Gross margin
Across the last 3 years, ONE Gas's gross margin averaged 60.24%. ONE Gas's current gross margin is 63.4% and is 3.2 percentage points above its three-year average. Gross margin was highest at 63.4% in Sep 2026 and lowest at 52.2% in Dec 2023.
OGS Operating margin
Across the last 3 years, ONE Gas's operating margin averaged 22.68%. The current operating margin stands at 25.1%, 2.4 percentage points above its three-year average. Operating margin was highest at 25.1% in Sep 2026 and lowest at 18.9% in Dec 2023.
OGS EBITDA margin
Across the last 3 years, ONE Gas's EBITDA margin stood at 36.44%. The current EBITDA margin stands at 38.6%, 2.2 percentage points above its three-year average. EBITDA margin was highest at 38.6% in Sep 2026 and lowest at 31.1% in Dec 2023.
OGS Net margin
Across the last 3 years, ONE Gas's net margin stood at 11.04%. The current net margin stands at 12.6%, 1.6 percentage points above its three-year average. Net margin was highest at 12.6% in Sep 2026 and lowest at 9.7% in Dec 2023.
OGS margin group comparison
ONE Gas's gross margin of 63.4% is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 42.7%, ONE Gas's gross margin is 48% higher.
OGS margin peer comparison
Frequently asked questions
What is ONE Gas's gross margin?
The current gross margin for OGS is 63.4% as of Sep 30, 2026.
What is ONE Gas's operating margin?
As of Sep 30, 2026, OGS has an operating margin of 25.1%.
What is ONE Gas's EBITDA margin?
As of Sep 30, 2026, OGS has an EBITDA margin of 38.6%.
What is ONE Gas's net margin?
As of Sep 30, 2026, OGS has a net margin of 12.6%.
What are the average margins of OGS?
Across the last 3 years, OGS averaged 60.2% gross, 22.7% operating, 36.4% EBITDA, and 11.0% net.
What are the highest historical margins of OGS?
Over the last 5 years, ONE Gas's highest margins were 63.4% gross in Sep 2026, 25.1% operating in Sep 2026, 38.6% EBITDA in Sep 2026, and 12.6% net in Sep 2026.
What are the lowest historical margins of OGS?
Over the last 5 years, ONE Gas's lowest margins were 43.4% gross in Dec 2022, 16.2% operating in Dec 2022, 24.9% EBITDA in Dec 2022, and 8.5% net in Mar 2023.