SuperworthONEOK profit margin OKE
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 9.3%
- Operating margin, 12 months
- 15.5%
- Net margin on a year earlier
- −1.8 pts
- Peer median
- 19.3%
Over the twelve months to Jun 30, 2026, ONEOK kept 9.3% of its revenue as net profit, with an operating margin of 15.5% and a gross margin of 27.2%.
Five years earlier its net margin was 11.9%.
The median for 10 oil and gas pipeline stocks of a similar size is 19.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 10.1% | 17.1% | 30.5% |
| FY2024 | 14.0% | 23.0% | 38.7% |
| FY2023 | 15.0% | 23.0% | 32.5% |
| FY2022 | 7.7% | 12.5% | 20.0% |
| FY2021 | 9.1% | 15.7% | 25.9% |
| FY2020 | 7.2% | 15.9% | 40.2% |
| FY2019 | 12.6% | 18.8% | 33.2% |
| FY2018 | 9.1% | 14.6% | 25.2% |
| FY2017 | 3.2% | 11.4% | 21.7% |
| FY2016 | 3.9% | 14.4% | 27.2% |
| FY2015 | 3.2% | 12.8% | 27.3% |
| FY2014 | 2.6% | 9.4% | 17.3% |
| FY2013 | 2.2% | 7.4% | 13.9% |
| FY2012 | 2.9% | 8.7% | 18.6% |
| FY2011 | 2.4% | 7.8% | 16.1% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 9.3% | −1.8 pts | 15.5% | |
| Q1 FY26 | 10.0% | −2.1 pts | 16.9% | |
| Q4 FY25 | 10.1% | −3.9 pts | 17.1% | |
| Q3 FY25 | 10.6% | −3.5 pts | 18.3% | |
| Q2 FY25 | 11.1% | −2.3 pts | 19.1% | |
| Q1 FY25 | 12.1% | −0.4 pts | 20.6% | |
| Q4 FY24 | 14.0% | −1.1 pts | 23.0% | |
| Q3 FY24 | 14.0% | −0.0 pts | 22.7% | |
| Q2 FY24 | 13.4% | +0.7 pts | 21.6% | |
| Q1 FY24 | 12.5% | +1.4 pts | 20.3% | |
| Q4 FY23 | 15.0% | +7.3 pts | 23.0% | |
| Q3 FY23 | 14.1% | +7.0 pts | 21.3% |
Against its peers
Companies in Oil & Gas Midstream nearest ONEOK's size, closest first, today.
| Company | Profit margin |
|---|---|
| OKEONEOK | 9.3% |
| MPLXMPLX Lp | n/m |
| LNGCheniere Energy | 13.6% |
| TRGPTarga Resources | 13.5% |
| ETEnergy Transfer | 4.9% |
| KMIKinder Morgan | 19.3% |
| EPDEnterprise Products Partners | 10.8% |
| WMBWilliams Companies | 25.2% |
| VGVenture Global | 22.3% |
| CQPCheniere Energy Partners | 27.3% |
| WESWestern Midstream Partners | 29.6% |
| Peer median | 19.3% |
Where ONEOK ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on ONEOK
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.