ONEOK Inc (OKE)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,989,000 | 4,072,000 | 2,807,000 | 2,596,260 | 1,361,360 |
| Revenue | US$ in thousands | 21,925,000 | 16,811,000 | 22,386,900 | 16,540,300 | 8,542,240 |
| Operating profit margin | 22.75% | 24.22% | 12.54% | 15.70% | 15.94% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,989,000K ÷ $21,925,000K
= 22.75%
Based on the provided data, ONEOK Inc's operating profit margin has shown some fluctuations over the years. In December 31, 2020, the operating profit margin was 15.94%, which slightly decreased to 15.70% by December 31, 2021. However, there was a notable drop in the operating profit margin to 12.54% by December 31, 2022.
The company then witnessed a significant improvement in its profitability, with the operating profit margin surging to 24.22% by December 31, 2023. This increase indicates a strong performance in managing operating expenses relative to revenue during that period.
Moreover, by December 31, 2024, the operating profit margin remained robust at 22.75%, showcasing continued efficiency in generating profits from operations.
Overall, despite some fluctuations, the trend in ONEOK Inc's operating profit margin demonstrates the company's ability to effectively control costs and optimize operational performance to drive profitability.
Peer comparison
Dec 31, 2024