One Gas vs UGI
UGI reported revenue of $7.3 billion in fiscal 2025, 3.0 times One Gas' $2.4 billion in fiscal 2025. One Gas' revenue grew 16.5% in its latest year, and UGI's grew 1.1%. One Gas had an operating margin of 18.9%, against 15.2% at UGI. Free cash flow was −$128 million at One Gas and $390 million at UGI. Their fiscal years end in different months (December 31 and September 30), so the periods don't line up exactly.
Side by side
| One Gas | UGI | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Sep 30, 2025 |
| Revenue | $2.4B | $7.3B |
| Revenue growth | 16.5% | 1.1% |
| Revenue growth a year, last 5 years | 9.7% | 2.1% |
| Gross margin | 58.9% | — |
| Operating margin | 18.9% | 15.2% |
| Net margin | 10.9% | 9.3% |
| Free cash flow | −$128M | $390M |
| Free cash flow margin | −5.3% | 5.3% |
| Return on capital | 6.2% | 9.8% |
| Net debt to EBITDA | — | 3.8x |
| Dividends and buybacks | $161M | $355M |
| Change in diluted share count | 6.1% | 1.8% |
| Last close | $78.36 | $39.11 |
| P/E at the last close | 16.9× | 13.1× |
| Insider trades, last 12 months | sold $396,409 | sold $3.6 million |
| Piotroski F-score | 5 of 9 | 7 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
One GasUGI
Operating margin
Percent of revenue
One GasUGI
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
One GasUGI