ONEOK Inc (OKE)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 38.45% | 37.31% | 34.96% | 32.94% | 30.47% | 27.45% | 24.50% | 21.30% | 20.00% | 19.49% | 20.50% | 22.83% | 25.90% | 30.14% | 34.84% | 37.97% | 40.18% | 38.92% | 37.84% | 35.84% |
| Operating profit margin | 23.07% | 23.39% | 22.60% | 21.26% | 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% |
| 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% |
| Net profit margin | 14.03% | 14.49% | 14.01% | 13.14% | 15.50% | 14.23% | 12.68% | 11.09% | 7.69% | 7.10% | 7.37% | 8.01% | 9.07% | 10.43% | 11.91% | 11.88% | 7.17% | 7.24% | 7.13% | 8.40% |
ONEOK Inc's profitability ratios have shown varying trends over the past few years. The gross profit margin, which measures the company's profitability after accounting for the cost of goods sold, has fluctuated, with a downward trend from 35.84% in March 2020 to a low of 19.49% in September 2022, before recovering to 38.45% in December 2024.
The operating profit margin, indicating the company's operating efficiency and profitability from its core business activities, experienced fluctuations as well. It ranged from 14.23% in June 2020 to a peak of 23.73% in December 2023, before stabilizing around 23% towards the end of 2024.
The pretax margin, reflecting the proportion of income before taxes relative to total revenue, displayed a similar pattern. It increased from 9.23% in June 2020 to a high of 20.38% in December 2023, before slightly declining to 18.65% in December 2024.
The net profit margin, which indicates the company's profitability after all expenses have been deducted, also showed fluctuations. It ranged from 7.13% in June 2020 to a peak of 15.50% in December 2023, before settling at 14.03% in December 2024.
Overall, while the company's profitability ratios have exhibited some volatility, there have been periods of improvement and stabilization in its profit margins over the years, indicating varying levels of operational efficiency and financial performance.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.79% | 8.85% | 9.28% | 8.20% | 9.20% | 8.49% | 15.35% | 14.89% | 11.52% | 11.06% | 10.89% | 10.81% | 10.99% | 10.40% | 10.09% | 9.10% | 5.90% | 5.75% | 5.40% | 6.20% |
| Return on assets (ROA) | 4.74% | 5.48% | 5.75% | 5.07% | 6.01% | 5.59% | 10.12% | 9.73% | 7.06% | 6.62% | 6.43% | 6.27% | 6.35% | 5.98% | 5.75% | 4.92% | 2.66% | 2.74% | 2.70% | 3.64% |
| Return on total capital | 10.38% | 10.33% | 11.15% | 9.86% | 10.81% | 9.88% | 18.49% | 18.34% | 14.63% | 14.80% | 14.07% | 13.84% | 13.84% | 12.74% | 12.10% | 10.69% | 6.72% | 6.72% | 6.61% | 7.76% |
| Return on equity (ROE) | 17.82% | 16.58% | 15.33% | 13.68% | 16.13% | 15.07% | 33.72% | 33.37% | 26.52% | 25.61% | 25.79% | 25.10% | 24.93% | 24.45% | 22.82% | 18.71% | 10.14% | 10.17% | 9.96% | 14.38% |
ONEOK Inc's profitability ratios exhibit an overall positive trend over the reported periods.
- Operating return on assets (Operating ROA) has shown consistent improvement from 6.20% in March 2020 to 11.52% in December 2022, with a peak of 15.35% in June 2023. It dipped slightly in the last reported period to 7.79% in December 2024.
- Return on assets (ROA) has followed a similar pattern, starting at 3.64% in March 2020 and reaching 10.12% in June 2023, before falling to 4.74% by December 2024.
- Return on total capital has been on an upward trajectory, with fluctuations, rising from 7.76% in March 2020 to 14.63% in December 2022. It declined to 10.38% by December 2024.
- Return on equity (ROE) has also displayed a positive trend, increasing steadily from 14.38% in March 2020 to 33.72% in June 2023. However, it dropped back to 17.82% by December 2024.
Overall, the profitability ratios of ONEOK Inc demonstrate the company's ability to generate returns for its stakeholders, although some fluctuations in performance were observed in the later periods.