OGS Financials One Gas, Inc.

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 41 d ago Overview →

Growth & profitability

Revenue has grown 10.9% per year over the past 5 years.
Net income has grown slower than revenue (6.1% vs 10.9% per year).

Financial health

Total debt ($3.4B) exceeds cash ($11M); net debt is $3.4B.
Total debt has grown in line with revenue (10.8% vs 10.9% per year).
Operating income covered interest expense 3.2× in the latest year, down from 4.9× 5 years ago.
Total debt is 7.4× EBITDA.

Shareholder returns

Dividends have been paid for 12 consecutive years, consuming 60.8% of earnings.
The dividend has grown 7.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	—	$264M	—	—	7.7%	3.0%	-$128M	$3.4B	$11M
2024	—	$223M	—	—	7.2%	2.6%	-$335M	$3.3B	$58M
2023	—	$231M	—	—	8.4%	3.0%	$273M	$3.0B	$19M
2022	$2.6B	$222M	43.4%	13.6%	8.6%	2.9%	$961M	$3.3B	$10M
2021	$1.8B	$206M	57.1%	17.2%	8.8%	2.5%	-$2.0B	$4.2B	$9M
2020	$1.5B	$196M	64.9%	19.8%	8.8%	3.3%	-$107M	$2.0B	$8M
2019	$1.7B	$187M	0.0%	17.9%	8.8%	3.3%	-$107M	$1.8B	$18M
2018	$1.6B	$172M	0.0%	17.7%	8.4%	3.1%	$73M	$1.6B	$21M
2017	$1.5B	$163M	60.1%	20.6%	8.3%	3.1%	-$103M	$1.6B	$14M
2016	$1.4B	$140M	62.0%	20.2%	7.4%	2.8%	-$18M	$1.3B	$15M
2015	—	$119M	—	—	6.5%	2.6%	$114M	$1.2B	$2M
2014	—	$110M	—	—	6.1%	2.4%	-$50M	$1.2B	$12M
2013	—	$99M	—	—	8.0%	2.6%	-$138M	$1.0B	$3M
2012	—	$97M	—	—	8.4%	—	-$75M	—	$4M

Net income

Return on equity & assets (ROE / ROA)

ROEROA

Shareholders' equity (book value)

Equity

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	—	$47M	—	—	1.3%	0.5%	$38M	$3.4B	$8M
Mar '26	—	$129M	—	—	3.6%	1.5%	$20M	$3.4B	$11M
Dec '25	—	$86M	—	—	2.5%	1.0%	-$125M	$3.4B	$11M
Sep '25	—	$26M	—	—	0.8%	0.3%	-$105M	$3.4B	$9M
Jun '25	—	$32M	—	—	1.0%	0.4%	-$9M	$3.3B	$21M
Mar '25	—	$119M	—	—	3.7%	1.4%	$111M	$3.2B	$19M
Dec '24	—	$77M	—	—	2.5%	0.9%	-$117M	$3.3B	$58M
Sep '24	—	$19M	—	—	0.7%	0.2%	-$126M	$3.3B	$19M
Jun '24	—	$27M	—	—	1.0%	0.3%	-$33M	$3.2B	$11M
Mar '24	—	$99M	—	—	3.5%	1.3%	-$58M	$3.1B	$12M
Dec '23	—	$71M	—	—	2.6%	0.9%	-$79M	$3.0B	$19M
Sep '23	—	$25M	—	—	1.0%	0.3%	-$74M	$3.0B	$9M
Jun '23	—	$33M	—	—	1.2%	0.4%	$108M	$2.9B	$7M
Mar '23	—	$103M	—	—	3.9%	1.4%	$318M	$2.9B	$8M
Dec '22	—	$67M	—	—	2.6%	0.9%	-$182M	$3.3B	$10M
Sep '22	—	$24M	—	—	1.0%	0.3%	$1.1B	$3.1B	—
Jun '22	—	$32M	—	—	1.3%	0.4%	$41M	$4.2B	—
Mar '22	—	$99M	—	—	4.0%	1.2%	-$6M	$4.2B	—
Dec '21	—	$61M	—	—	2.6%	0.7%	-$123M	$4.2B	$9M
Sep '21	—	$20M	—	—	0.9%	0.2%	-$114M	$4.0B	—

Valuation over time

How the market has priced OGS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 22.5× (Mar '23) to 19.2× (Sep '26).
The price-to-sales ratio has fallen from 1.9× (Mar '23) to 1.6× (Dec '23).
The dividend yield has risen from 2.7% (Mar '23) to 3.2% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is OGS growing its revenue and profit?

Over the past 5 years, One Gas, Inc.'s revenue has grown 10.9% per year, and net income grown 6.1% per year. These are computed facts, not advice.

How much debt does OGS have?

As of FY2025, One Gas, Inc. reported $3.4B of total debt against $11M of cash; operating income covered interest expense 3.2×.

What is OGS's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin —.

What is OGS's P/E ratio?

As of Sep '26, One Gas, Inc. traded at a price-to-earnings ratio of about 19.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.