One Gas Inc (OGS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 231,232 | 221,742 | 206,434 | 196,412 | 186,749 |
| Revenue | US$ in thousands | 2,371,990 | 2,578,000 | 1,808,600 | 1,530,270 | 1,652,730 |
| Net profit margin | 9.75% | 8.60% | 11.41% | 12.84% | 11.30% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $231,232K ÷ $2,371,990K
= 9.75%
The net profit margin for ONE Gas Inc has exhibited fluctuations over the past five years. In 2023, the net profit margin was 9.75%, representing an increase from the prior year's margin of 8.60%. However, this is still lower compared to the margins in 2021 and 2020, which stood at 11.41% and 12.84%, respectively. In 2019, the net profit margin was comparable to the recent year at 11.30%.
Overall, the trend in ONE Gas Inc's net profit margin shows variations in profitability levels over the years, with a recent uptick in 2023. It is essential for the company to closely monitor and manage its expenses and revenue generation to maintain or improve its profitability in the future.
Peer comparison
Dec 31, 2023