One Gas Inc (OGS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 377,590 | 349,957 | 310,258 | 303,516 | 295,258 |
| Revenue | US$ in thousands | 2,371,990 | 2,578,000 | 1,808,600 | 1,530,270 | 1,652,730 |
| Operating profit margin | 15.92% | 13.57% | 17.15% | 19.83% | 17.86% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $377,590K ÷ $2,371,990K
= 15.92%
The operating profit margin of ONE Gas Inc has shown fluctuation in recent years. In 2023, the operating profit margin increased to 15.92%, up from 13.57% in the previous year. However, it is still lower compared to 2019 and 2020 when the operating profit margin was 17.86% and 19.83%, respectively. The highest operating profit margin over the past five years was recorded in 2021 at 17.75%. This indicates a slight decrease in profitability efficiency in 2023 compared to the previous year, but the company has historically maintained a relatively stable operating profit margin, demonstrating its ability to efficiently generate profits from its operations.
Peer comparison
Dec 31, 2023