One Gas Inc (OGS)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	231,232	227,531	226,043	225,429	221,742	215,222	211,774	209,792	206,433	204,252	205,078	200,310	196,412	189,243	185,621	184,766	186,749	180,291	179,110	175,059
Revenue (ttm)	US$ in thousands	2,371,987	4,395,540	4,419,087	4,449,948	4,389,267	3,614,217	3,528,777	3,415,448	3,069,282	2,792,212	2,762,929	2,720,570	2,623,445	2,745,795	2,749,718	2,543,620	2,364,742	1,129,508	1,119,225	1,344,557
Net profit margin		9.75%	5.18%	5.12%	5.07%	5.05%	5.95%	6.00%	6.14%	6.73%	7.32%	7.42%	7.36%	7.49%	6.89%	6.75%	7.26%	7.90%	15.96%	16.00%	13.02%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $231,232K ÷ $2,371,987K
= 9.75%

The net profit margin of ONE Gas Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the net profit margin was 9.75%, which was higher compared to the previous quarter's margin of 8.80% in Q3 2023. However, the margin in Q4 2023 was slightly lower than Q4 2022, which stood at 8.60%.

Overall, the net profit margin has generally stayed within a narrow range between 8.54% and 9.75% over the past two years. This indicates the company's ability to effectively manage its expenses relative to its revenue, resulting in a consistent level of profitability. It is important for investors and stakeholders to continue monitoring the net profit margin to assess the company's financial performance and sustainability in generating profits.