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