ONEOK Inc (OKE)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,033,000 | 3,692,000 | 3,375,000 | 2,965,000 | 3,497,000 | 3,214,345 | 3,183,096 | 3,115,474 | 2,249,645 | 2,132,071 | 2,082,237 | 1,989,067 | 1,984,204 | 1,877,669 | 1,782,623 | 1,507,876 | 802,316 | 817,511 | 805,160 | 1,038,597 |
| 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 |
| Pretax margin | 18.65% | 19.10% | 18.46% | 17.32% | 20.38% | 18.62% | 16.58% | 14.52% | 10.05% | 9.36% | 9.73% | 10.59% | 12.00% | 13.72% | 15.74% | 15.71% | 9.39% | 9.47% | 9.23% | 10.91% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,033,000K ÷ $21,625,000K
= 18.65%
The pretax margin of ONEOK Inc has shown fluctuations over the quarters, ranging from a low of 9.23% in June 2020 to a high of 20.38% in December 2023. The trend has been somewhat volatile, with ups and downs observed in different periods. Notably, there was a significant increase from March 2021 to December 2023, where the pretax margin saw a steady rise from 15.71% to 20.38%. However, in the following quarters, the pretax margin moderated slightly to around 18-19%. Overall, the pretax margin indicates the company's ability to generate earnings before taxes relative to its revenue, reflecting its operational efficiency and cost management strategies.
Peer comparison
Dec 31, 2024