ONEOK Inc (OKE)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 39.29% | 29.04% | 20.00% | 25.90% | 40.18% |
| Operating profit margin | 22.75% | 24.22% | 12.54% | 15.70% | 15.94% |
| Pretax margin | 18.39% | 20.80% | 10.05% | 12.00% | 9.39% |
| Net profit margin | 13.84% | 15.82% | 7.69% | 9.07% | 7.17% |
ONEOK Inc's profitability ratios have shown some fluctuations over the years. The gross profit margin decreased from 40.18% in 2020 to 20.00% in 2022 but then rebounded to 39.29% in 2024. This indicates variability in the company's ability to generate profits after accounting for the cost of goods sold.
Similarly, the operating profit margin remained relatively steady from 15.94% in 2020 to 12.54% in 2022 before increasing to 22.75% in 2024. This metric reflects ONEOK's efficiency in managing its operating expenses to generate profits.
The pretax margin also fluctuated, starting at 9.39% in 2020, increasing to 20.80% in 2023, and stabilizing at 18.39% in 2024. This ratio shows the company's ability to generate profits before accounting for taxes on its operations.
Lastly, the net profit margin followed a similar trend to the pretax margin, with an initial increase from 7.17% in 2020 to 15.82% in 2023, then slightly decreasing to 13.84% in 2024. This metric reflects ONEOK's profitability after accounting for all expenses and taxes.
Overall, ONEOK Inc's profitability ratios have shown variability over the years, with some improvements in margins from 2022 to 2024. Investors and stakeholders may need to closely monitor these ratios to assess the company's financial performance and sustainability.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.79% | 9.20% | 11.51% | 10.99% | 5.90% |
| Return on assets (ROA) | 4.74% | 6.01% | 7.06% | 6.35% | 2.66% |
| Return on total capital | 10.38% | 10.81% | 14.63% | 13.84% | 7.47% |
| Return on equity (ROE) | 17.82% | 16.13% | 26.52% | 24.93% | 10.14% |
ONEOK Inc's profitability ratios have shown a positive trend over the years.
- Operating return on assets (Operating ROA) has improved from 5.90% in 2020 to 11.51% in 2022, indicating the company's efficiency in generating operating income from its assets.
- Return on assets (ROA) has also shown a steady increase, from 2.66% in 2020 to 7.06% in 2022, reflecting the company's ability to generate profits relative to its total assets.
- Return on total capital has exhibited a similar trend, increasing from 7.47% in 2020 to 14.63% in 2022, demonstrating the company's effectiveness in generating returns for both debt and equity investors.
- Return on equity (ROE) has shown significant growth, from 10.14% in 2020 to 26.52% in 2022, indicating the company's profitability from the shareholders' perspective.
Overall, the increasing profitability ratios suggest that ONEOK Inc has been successful in utilizing its assets and capital efficiently to generate higher returns for its investors over the years.