ONEOK Inc (OKE)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,314,000 | 7,212,000 | 6,391,000 | 5,638,000 | 5,228,000 | 4,738,160 | 4,703,690 | 4,571,690 | 4,476,690 | 4,438,980 | 4,385,500 | 4,289,480 | 4,283,650 | 4,125,691 | 3,947,231 | 3,645,522 | 3,432,096 | 3,360,870 | 3,300,980 | 3,412,490 |
| Revenue (ttm) | US$ in thousands | 21,625,000 | 19,328,000 | 18,279,000 | 17,117,000 | 17,157,000 | 17,259,030 | 19,198,560 | 21,462,560 | 22,386,560 | 22,775,020 | 21,397,670 | 18,790,630 | 16,540,310 | 13,690,400 | 11,328,480 | 9,600,250 | 8,542,240 | 8,635,270 | 8,724,240 | 9,521,090 |
| Gross profit margin | 38.45% | 37.31% | 34.96% | 32.94% | 30.47% | 27.45% | 24.50% | 21.30% | 20.00% | 19.49% | 20.50% | 22.83% | 25.90% | 30.14% | 34.84% | 37.97% | 40.18% | 38.92% | 37.84% | 35.84% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,314,000K ÷ $21,625,000K
= 38.45%
The gross profit margin of ONEOK Inc has shown fluctuations over the years based on the provided data. From March 2020 to December 2020, the gross profit margin experienced a consistent increase from 35.84% to 40.18%. However, there was a notable decline from March 2021 to December 2021, dropping to 25.90%. Subsequently, the gross profit margin continued to decrease until June 2022, reaching a low of 20.50%.
There was a slight improvement in the gross profit margin from June 2022 to September 2023, indicating a potential stabilization in profitability. The margin increased gradually, reaching 30.47% by December 2023 and further rising to 38.45% by December 2024.
Overall, the analysis reveals that ONEOK Inc experienced a fluctuating gross profit margin trend with periods of both growth and decline. The company's ability to maintain and improve its gross profit margin in the future will be crucial for sustaining profitability and financial performance.
Peer comparison
Dec 31, 2024