ONEOK Inc (OKE)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 1,650,991 | 1,622,066 | 1,631,788 | 1,589,469 |
| 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 |
| Pretax margin | 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% | 16.24% | 15.25% | 13.87% | 12.95% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,497,000K ÷ $17,157,000K
= 20.38%
The pretax margin of Oneok Inc. has shown a consistent upward trend over the past eight quarters, indicating improving profitability before accounting for taxes. In Q4 2023, the pretax margin reached 19.78%, the highest level in the provided data set, showing strong operational efficiency and effective cost management. This represents a significant increase from the pretax margin of 10.05% in Q4 2022, demonstrating substantial growth in earnings relative to revenue. The company's ability to generate higher profits relative to its total revenue has been improving steadily, reflecting positively on its financial performance and efficiency in managing expenses.
Peer comparison
Dec 31, 2023