One Gas Inc (OGS)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 271,727 | 268,268 | 246,750 | 237,991 | 229,601 |
| Revenue | US$ in thousands | 2,371,990 | 2,578,000 | 1,808,600 | 1,530,270 | 1,652,730 |
| Pretax margin | 11.46% | 10.41% | 13.64% | 15.55% | 13.89% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $271,727K ÷ $2,371,990K
= 11.46%
The pretax margin of ONE Gas Inc has exhibited variability over the past five years, ranging from 10.41% in 2022 to 15.55% in 2020. The trend shows a decrease in pretax margin from 2020 to 2023, with the latest reported figure at 11.46%. This decline may indicate that the company's pre-tax profitability has decreased over time, possibly due to changes in operating expenses, revenue mix, or other factors affecting profitability. Further analysis of the company's financial performance and efficiency measures may be warranted to understand the drivers behind this trend and assess the company's overall financial health.
Peer comparison
Dec 31, 2023