ONEOK Inc (OKE)

Operating 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
Operating income (ttm) US$ in thousands 4,072,000 3,729,419 3,690,419 3,642,419 2,807,419 2,703,167 2,671,026 2,593,538 2,596,259 2,482,755 2,365,329 2,109,547 1,361,357 1,310,008 1,241,726 1,362,142 1,914,353 1,898,904 1,912,287 1,884,507
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
Operating profit margin 23.73% 21.61% 19.22% 16.97% 12.54% 11.87% 12.48% 13.80% 15.70% 18.14% 20.88% 21.97% 15.94% 15.17% 14.23% 14.31% 18.83% 17.85% 16.25% 15.36%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,072,000K ÷ $17,157,000K
= 23.73%

Oneok Inc.'s operating profit margin has shown a generally increasing trend over the quarters, indicating improvements in the company's operational efficiency and profitability. In Q4 2023, the operating profit margin reached 19.48%, representing a significant increase from the previous quarter's 17.02%. This demonstrates a strong performance in generating profits from its core business operations.

The company's operating profit margin was relatively lower in the earlier quarters of 2023, with margins of 14.64% in Q2 and 12.84% in Q1. However, compared to the same quarters in 2022, Oneok Inc. has shown consistent improvements. Q4 2022 had an operating profit margin of 12.07%, indicating a notable year-over-year increase in profitability.

Overall, Oneok Inc.'s increasing operating profit margin signifies effective cost management and revenue generation strategies, which have positively impacted the company's bottom line. This trend indicates that the company is efficiently converting its revenues into profits, which could be a positive signal for investors and stakeholders.


Peer comparison

Dec 31, 2023

Company name
Symbol
Operating profit margin
ONEOK Inc
OKE
23.73%
Chesapeake Utilities Corporation
CPK
22.49%
Southwest Gas Holdings Inc
SWX
7.70%

See also:

ONEOK Inc Operating Profit Margin (Quarterly Data)