One Gas Inc (OGS)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	399,044	381,869	379,623	374,220	377,591	374,035	363,884	358,431	349,957	333,382	328,137	320,670	310,258	308,279	307,151	300,657	303,516	300,462	298,560	300,843
Revenue (ttm)	US$ in thousands	2,083,558	2,058,772	2,054,190	2,098,167	2,371,987	2,584,278	2,607,825	2,638,686	2,578,005	2,353,532	2,268,092	2,154,763	1,808,597	1,699,035	1,669,752	1,627,393	1,530,268	1,498,702	1,502,625	1,519,898
Operating profit margin		19.15%	18.55%	18.48%	17.84%	15.92%	14.47%	13.95%	13.58%	13.57%	14.17%	14.47%	14.88%	17.15%	18.14%	18.40%	18.47%	19.83%	20.05%	19.87%	19.79%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $399,044K ÷ $2,083,558K
= 19.15%

One Gas Inc's operating profit margin has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at 19.79%, increased slightly to 20.05% by September 30, 2020, and then experienced a downward trend, reaching a low of 13.57% by December 31, 2022.

Thereafter, the operating profit margin gradually improved, reaching 19.15% by December 31, 2024. Despite the volatility, it is evident that the company managed to recover and maintain a higher operating profit margin in the latter part of the period compared to the lower points experienced earlier.

This indicates that One Gas Inc's ability to control its operating expenses and generate profits from its core operations varied over the years but ultimately showed a positive trend towards the end of the analyzed period.