ONEOK Inc (OKE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,659,000 | 1,722,220 | 1,499,710 | 612,809 | 1,278,580 |
| Revenue | US$ in thousands | 16,811,000 | 22,386,900 | 16,540,300 | 8,542,240 | 10,164,400 |
| Net profit margin | 15.82% | 7.69% | 9.07% | 7.17% | 12.58% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,659,000K ÷ $16,811,000K
= 15.82%
The net profit margin of Oneok Inc. has varied over the past five years, ranging from 7.16% in 2020 to 15.04% in 2023. This metric measures the percentage of each dollar of revenue that translates into profit after all expenses are deducted. The significant increase in net profit margin from 2022 to 2023 indicates improved profitability and efficiency in cost management. However, the decrease in 2020 suggests challenges in generating profits relative to revenue. Overall, Oneok Inc.'s net profit margin demonstrates fluctuation, emphasizing the importance of closely monitoring and managing operational expenses to sustain and enhance profitability in the long term.
Peer comparison
Dec 31, 2023