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.