One Gas Inc (OGS)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	271,728	270,396	269,393	268,948	268,268	258,659	254,975	253,266	246,749	245,441	246,166	240,768	237,991	233,332	229,594	229,062	229,601	225,684	226,034	222,253
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
Pretax margin		11.46%	6.15%	6.10%	6.04%	6.11%	7.16%	7.23%	7.42%	8.04%	8.79%	8.91%	8.85%	9.07%	8.50%	8.35%	9.01%	9.71%	19.98%	20.20%	16.53%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $271,728K ÷ $2,371,987K
= 11.46%

ONE Gas Inc's pretax margin has shown some fluctuations over the past eight quarters, ranging from a low of 10.19% in Q1 2023 to a high of 11.75% in Q1 2022. The company's pretax margin for the most recent quarter, Q4 2023, stands at 11.46%, showing a slight increase compared to the previous quarter.

Overall, ONE Gas Inc has been able to maintain a relatively stable pretax margin above 10% throughout the periods analyzed. This indicates the company's ability to effectively control its operating expenses and generate profits before accounting for taxes, which is a positive sign for investors and stakeholders. Further analysis of the trends and underlying factors affecting the pretax margin could provide more insights into the company's financial performance.