ONEOK Inc (OKE)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,035,000 | 2,659,000 | 1,722,220 | 1,499,710 | 612,809 |
| Revenue | US$ in thousands | 21,925,000 | 16,811,000 | 22,386,900 | 16,540,300 | 8,542,240 |
| Net profit margin | 13.84% | 15.82% | 7.69% | 9.07% | 7.17% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,035,000K ÷ $21,925,000K
= 13.84%
The net profit margin of ONEOK Inc has displayed fluctuations over the years based on the provided data. It stood at 7.17% as of December 31, 2020, indicating that for every dollar of revenue, the company generated a net profit of 7.17 cents. Subsequently, the net profit margin increased to 9.07% by December 31, 2021, showcasing an improvement in profitability.
However, by December 31, 2022, the net profit margin slightly declined to 7.69%, suggesting a decrease in profitability compared to the previous year. The trend reversed significantly in 2023, with a notable jump in the net profit margin to 15.82%, indicating a substantial increase in profitability for ONEOK Inc.
By the end of December 31, 2024, the net profit margin stood at 13.84%, maintaining a high level of profitability for the company. Overall, the varying net profit margins reflect the company's ability to efficiently convert revenue into profit over the years, with notable fluctuations in profitability levels.
Peer comparison
Dec 31, 2024