ONEOK Inc (OKE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,033,000 | 3,497,000 | 2,249,640 | 1,984,200 | 802,316 |
| Revenue | US$ in thousands | 21,925,000 | 16,811,000 | 22,386,900 | 16,540,300 | 8,542,240 |
| Pretax margin | 18.39% | 20.80% | 10.05% | 12.00% | 9.39% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,033,000K ÷ $21,925,000K
= 18.39%
ONEOK Inc's pretax margin has shown variability over the years based on the provided data. The pretax margin increased from 9.39% as of December 31, 2020, to 12.00% as of December 31, 2021, indicating improved efficiency in generating profits before taxes. However, there was a slight decrease in the pretax margin to 10.05% by December 31, 2022.
The pretax margin then experienced a significant jump to 20.80% as of December 31, 2023, reflecting a substantial increase in profitability before accounting for taxes. The trend continued positively as of December 31, 2024, with a pretax margin of 18.39%.
Overall, the pretax margin trend suggests that ONEOK Inc's operational efficiency in generating profits before tax has been relatively strong, with fluctuations largely driven by variations in revenue, expenses, and operational performance.
Peer comparison
Dec 31, 2024