Last 48 quarters of trend data · Utilities · Regulated Gas
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.54 | 26.04 | 10.56 | 13.60 | 45.99 | 33.90 | 9.54 | 12.92 | 54.72 | 33.26 | 9.22 | 12.54 | 37.93 | 33.11 | 10.76 | 15.39 | 39.99 | 34.40 | 12.05 | 17.32 | 41.69 |
| — | -23.2% | +10.6% | +5.3% | -16.0% | +1.9% | +3.5% | +3.0% | +44.3% | +0.4% | -14.4% | -18.5% | -5.2% | -3.8% | -10.7% | -11.1% | -4.1% | +4.0% | +12.2% | -0.7% | -5.8% | |
| P/S Ratio | 1.87 | 2.96 | 1.64 | 1.70 | 3.23 | 2.56 | 1.22 | 1.58 | 3.12 | 2.56 | 1.21 | 1.47 | 2.85 | 2.70 | 1.07 | 1.26 | 2.67 | 2.57 | 1.23 | 1.76 | 3.11 |
| — | +15.3% | +34.4% | +8.0% | +3.4% | +0.1% | +0.8% | +7.5% | +9.7% | -5.0% | +12.8% | +16.2% | +6.6% | +4.9% | -12.7% | -28.3% | -14.2% | -18.2% | -25.4% | -16.6% | -17.4% | |
| P/B Ratio | 1.27 | 1.38 | 1.54 | 1.36 | 1.54 | 1.36 | 1.43 | 1.28 | 1.51 | 1.28 | 1.30 | 1.28 | 1.44 | 1.62 | 1.67 | 1.60 | 1.57 | 1.80 | 1.95 | 1.78 | 1.47 |
| — | +0.8% | +8.0% | +6.6% | +1.8% | +6.3% | +10.4% | -0.3% | +4.6% | -20.7% | -22.3% | -19.6% | -7.9% | -10.0% | -14.3% | -10.2% | +6.5% | +5.0% | +8.6% | -2.8% | -12.1% | |
| P/FCF | — | 32.43 | 68.80 | — | — | — | 10.27 | — | — | — | — | — | — | 9.90 | 3.48 | — | 0.87 | 27.19 | — | — | — |
| — | — | +569.8% | — | — | — | — | — | — | — | — | — | — | -63.6% | — | — | — | — | — | — | — | |
| EV / EBITDA | 10.19 | 12.98 | 8.26 | 9.19 | 14.55 | 12.56 | 7.39 | 9.07 | 14.43 | 12.03 | 7.62 | 9.16 | 13.54 | 13.66 | 8.36 | 11.16 | 16.93 | 18.88 | 11.30 | 14.91 | 19.96 |
| — | +3.3% | +11.8% | +1.4% | +0.8% | +4.4% | -3.1% | -1.0% | +6.6% | -11.9% | -8.9% | -18.0% | -20.0% | -27.6% | -26.0% | -25.1% | -15.2% | -1.8% | +3.9% | +34.5% | +27.1% | |
| EV / EBIT | 17.26 | 26.64 | 11.74 | 14.27 | 30.57 | 25.52 | 10.70 | 14.56 | 30.41 | 24.28 | 11.35 | 14.72 | 29.70 | 27.15 | 12.15 | 17.22 | 36.20 | 39.29 | 16.37 | 24.39 | 46.38 |
| — | +4.4% | +9.7% | -2.0% | +0.5% | +5.1% | -5.7% | -1.1% | +2.4% | -10.5% | -6.6% | -14.5% | -17.9% | -30.9% | -25.8% | -29.4% | -22.0% | +3.3% | +7.1% | +36.8% | +36.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.8% | 78.1% | 52.7% | 96.3% | 79.8% | 41.3% | 30.7% | 35.2% | 44.1% | 45.3% | 32.0% | 32.5% | 42.7% | 37.5% | 23.2% | 22.1% | 33.2% | 30.3% | 22.3% | 26.3% | 39.7% |
| — | +89.2% | +71.4% | +173.4% | +81.0% | -8.9% | -3.9% | +8.4% | +3.3% | +20.7% | +37.7% | +47.1% | +28.5% | +23.6% | +4.2% | -16.1% | -16.4% | -19.1% | -30.5% | -16.9% | -6.5% | |
| Operating Margin | 18.8% | 20.1% | 22.8% | 20.3% | 17.2% | 17.0% | 19.3% | 19.7% | 17.5% | 19.6% | 19.2% | 17.7% | 17.0% | 16.1% | 14.5% | 12.7% | 13.1% | 13.7% | 14.5% | 14.7% | 15.3% |
| — | +18.4% | +18.1% | +2.8% | -1.3% | -13.3% | +0.3% | +11.5% | +2.5% | +21.7% | +33.0% | +39.7% | +30.1% | +17.8% | -0.2% | -13.6% | -14.2% | -15.7% | -30.5% | -16.6% | -8.2% | |
| Net Margin | 10.9% | 11.4% | 15.5% | 12.5% | 7.0% | 7.6% | 12.8% | 12.2% | 5.7% | 7.7% | 13.1% | 11.7% | 7.5% | 8.2% | 9.9% | 8.2% | 6.6% | 7.5% | 10.2% | 10.2% | 7.4% |
| — | +50.4% | +21.2% | +2.5% | +23.3% | -1.7% | -2.5% | +4.6% | -24.5% | -6.3% | +31.7% | +42.5% | +13.7% | +9.8% | -2.4% | -19.6% | -10.8% | -21.6% | -33.4% | -15.4% | -14.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.1% | 1.3% | 3.7% | 2.6% | 0.8% | 1.0% | 3.8% | 2.6% | 0.7% | 1.0% | 3.5% | 2.6% | 1.0% | 1.2% | 3.9% | 2.7% | 1.0% | 1.3% | 4.1% | 2.6% | 0.9% |
| — | +31.8% | -2.7% | +0.1% | +21.7% | +4.4% | +7.0% | -0.4% | -28.1% | -21.8% | -9.4% | -1.9% | -1.8% | -5.8% | -4.9% | +2.7% | +10.6% | +0.3% | -2.3% | -1.4% | -8.9% | |
| ROA | 3.0% | 0.5% | 1.4% | 1.0% | 0.3% | 0.4% | 1.4% | 0.9% | 0.2% | 0.3% | 1.3% | 0.9% | 0.3% | 0.4% | 1.4% | 0.9% | 0.3% | 0.4% | 1.2% | 0.7% | 0.2% |
| — | +38.3% | -0.6% | +3.5% | +29.2% | +9.8% | +11.5% | +0.5% | -28.8% | -21.1% | -5.3% | +4.8% | +13.2% | +16.6% | +15.2% | +21.3% | +21.4% | +6.5% | -9.7% | -26.0% | -32.6% | |
| ROIC | 5.2% | 0.9% | 2.1% | 1.6% | 0.8% | 0.8% | 2.1% | 1.5% | 0.7% | 0.9% | 1.9% | 1.4% | 0.8% | 0.9% | 2.0% | 1.4% | 0.6% | 0.7% | 1.6% | 1.0% | 0.5% |
| — | +6.8% | -2.1% | +5.4% | +3.0% | -3.1% | +13.9% | +5.8% | -4.7% | +0.8% | -5.0% | +2.7% | +32.3% | +29.8% | +22.1% | +34.8% | +15.9% | +6.5% | -15.0% | -33.8% | -33.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.99 | 0.96 | 0.96 | 0.99 | 1.07 | 1.03 | 1.01 | 1.07 | 1.20 | 1.13 | 1.11 | 1.10 | 1.13 | 1.09 | 1.12 | 1.25 | 1.27 | 1.70 | 1.71 | 1.78 | 1.74 |
| — | -6.7% | -4.9% | -8.0% | -10.7% | -9.4% | -8.8% | -2.7% | +5.9% | +3.8% | -1.1% | -11.9% | -10.9% | -35.8% | -34.7% | -29.6% | -26.9% | -3.4% | -13.3% | +98.5% | +102.1% | |
| Debt / EBITDA | 4.38 | 21.36 | 12.69 | 15.49 | 23.89 | 21.65 | 12.25 | 16.66 | 25.58 | 22.61 | 14.06 | 16.97 | 23.80 | 22.04 | 13.44 | 19.65 | 30.33 | 36.74 | 21.17 | 29.85 | 43.24 |
| — | -1.4% | +3.6% | -7.0% | -6.6% | -4.2% | -12.9% | -1.8% | +7.5% | +2.6% | +4.7% | -13.6% | -21.5% | -40.0% | -36.5% | -34.2% | -29.8% | -8.2% | -14.7% | +104.4% | +102.8% | |
| Current Ratio | 0.60 | 0.48 | 0.57 | 0.60 | 0.47 | 0.52 | 0.59 | 0.64 | 0.50 | 0.41 | 0.47 | 0.52 | 0.36 | 0.40 | 0.51 | 1.02 | 0.87 | 0.92 | 0.96 | 2.27 | 1.05 |
| — | -8.1% | -4.0% | -6.2% | -6.1% | +27.0% | +25.2% | +23.1% | +38.6% | +2.0% | -7.5% | -49.4% | -58.6% | -56.2% | -46.8% | -54.9% | -17.0% | -43.5% | -27.2% | +235.0% | +62.8% | |
| Quick Ratio | 0.42 | 0.30 | 0.41 | 0.42 | 0.26 | 0.35 | 0.47 | 0.46 | 0.30 | 0.26 | 0.34 | 0.34 | 0.18 | 0.25 | 0.40 | 0.74 | 0.50 | 0.81 | 0.90 | 2.03 | 0.74 |
| — | -14.7% | -11.9% | -9.8% | -11.8% | +34.5% | +39.3% | +37.0% | +65.0% | +1.3% | -15.7% | -54.1% | -63.4% | -68.6% | -55.8% | -63.6% | -33.0% | -35.7% | -25.3% | +311.5% | +104.2% | |
| Interest Coverage | 3.25 | 2.49 | 5.79 | 3.87 | 1.92 | 2.11 | 5.07 | 3.13 | 1.59 | 1.90 | 4.76 | 3.75 | 2.05 | 2.41 | 5.04 | 4.10 | 2.45 | 3.34 | 8.76 | 5.91 | 2.60 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying OGS stock.
ONE Gas, Inc.'s current P/E is 16.5x. The average P/E over the last 4 quarters is 24.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ONE Gas, Inc.'s current operating margin is 18.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ONE Gas, Inc.'s business trajectory between earnings reports.