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

Company name
Symbol
Net profit margin
ONEOK Inc
OKE
15.50%
Chesapeake Utilities Corporation
CPK
13.00%
Southwest Gas Holdings Inc
SWX
2.78%

See also:

ONEOK Inc Net Profit Margin (Quarterly Data)