ONEOK Inc (OKE)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,659,000 | 2,455,921 | 2,433,672 | 2,380,050 | 1,722,221 | 1,616,673 | 1,576,940 | 1,504,701 | 1,499,706 | 1,428,362 | 1,348,660 | 1,140,842 | 612,809 | 625,031 | 621,870 | 799,512 | 1,278,577 | 1,251,214 | 1,255,318 | 1,224,403 |
| Revenue (ttm) | US$ in thousands | 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 | 10,164,380 | 10,637,470 | 11,768,130 | 12,271,080 |
| Net profit margin | 15.50% | 14.23% | 12.68% | 11.09% | 7.69% | 7.10% | 7.37% | 8.01% | 9.07% | 10.43% | 11.91% | 11.88% | 7.17% | 7.24% | 7.13% | 8.40% | 12.58% | 11.76% | 10.67% | 9.98% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,659,000K ÷ $17,157,000K
= 15.50%
Oneok Inc.'s net profit margin has shown a steady improvement over the past eight quarters, indicating effective cost management and revenue generation. The net profit margin has increased from 7.69% in Q4 2022 to 15.04% in Q4 2023, demonstrating a notable upward trend. This suggests that the company has been able to increase its profitability relative to its revenue, likely through enhanced operational efficiency or strategic pricing decisions. Consistent growth in net profit margin is generally viewed positively by investors as it indicates a company's ability to generate more profit from its sales.
Peer comparison
Dec 31, 2023