ONEOK Inc (OKE)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,035,000 | 2,800,000 | 2,561,000 | 2,249,000 | 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 |
| 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 |
| Net profit margin | 14.03% | 14.49% | 14.01% | 13.14% | 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% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,035,000K ÷ $21,625,000K
= 14.03%
ONEOK Inc's net profit margin has shown fluctuations over the reported periods. The company's net profit margin started at 8.40% in March 2020, gradually decreasing to 7.13% by June 2020. However, there was a slight improvement in the margin by September 2020, reaching 7.24%. The margin remained relatively stable around 7% levels until March 2021, when it saw a significant increase to 11.88%.
From June 2021 to September 2022, the net profit margin stayed above 10%, indicating strong profitability. However, there was a slight decline in the margin from December 2021 to March 2023, before experiencing a significant increase to 15.50% by December 2023. The margin then moderated slightly but remained robust in the range of 13-14% for the last four reported quarters.
Overall, ONEOK Inc's net profit margin has demonstrated both fluctuations and periods of improvement over the years, reflecting varying levels of efficiency in managing expenses and generating profits from its operations.
Peer comparison
Dec 31, 2024