ONEOK Inc (OKE)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,035,000 | 2,659,000 | 1,722,220 | 1,499,710 | 612,809 |
| Total stockholders’ equity | US$ in thousands | 17,036,000 | 16,484,000 | 6,494,000 | 6,015,000 | 6,042,400 |
| ROE | 17.82% | 16.13% | 26.52% | 24.93% | 10.14% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $3,035,000K ÷ $17,036,000K
= 17.82%
ONEOK Inc's return on equity (ROE) has shown a positive trend over the years. In December 2020, the ROE was 10.14%, indicating the company generated a return of 10.14% on the shareholders' equity invested. This performance improved significantly by the end of 2021, with an ROE of 24.93%, suggesting a substantial increase in profitability and efficiency.
The positive momentum continued into 2022, with the ROE reaching 26.52%, reflecting the company's ability to generate higher returns on equity capital. However, there was a slight dip in ROE in 2023 to 16.13%, which may indicate a temporary setback or adjustment in the company's performance.
By the end of 2024, the ROE had recovered to 17.82%, showing resilience and an ability to maintain profitability despite fluctuations. Overall, the trend in ONEOK Inc's ROE demonstrates a mix of growth, stability, and adaptability in utilizing equity to generate profits for its shareholders.
Peer comparison
Dec 31, 2024