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Oneok OKE Free cash flow margin

Free cash flow margin at other companies

EOG Resources logo
EOG ResourcesEOG
42.7%-3.6pp
Devon Energy logo
Devon EnergyDVN
17.7%-0.9pp
Atmos Energy logo
Atmos EnergyATO
-40.8%+19.0pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
4.7%-1.9pp
Energy Transfer logo
Energy TransferET
4.2%-3.2pp
Williams Companies logo
Williams CompaniesWMB
16%-13.4pp

Other financials

Income statement

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Revenue$9.6B+19.6%
Gross profit$2.6B+7.4%
Operating income$1.4B+17.1%
Net income$774.0M+21.7%
EPS (diluted)$1.23+18.3%

Balance sheet

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Cash & equivalents$172.0M+22.0%
Total debt$32.4B+8.1%
Total equity$22.4B+4.7%
Total assets$68.2B+6.1%

Cash flow

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Operating cash flow$934.0M+3.3%
CapEx$864.0M+37.4%
Free cash flow$70.0M-74.6%

Valuation

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Market cap$53.92B-8.1%
Enterprise value$86.16B-2.9%
P/E15.3×-4.1×
P/S1.5×-0.8×

Profitability

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Gross margin29.6%-6.0pp
Operating margin16.9%-3.7pp
Net margin10%-2.1pp

Returns & leverage

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Return on equity16.2%+0.1pp
Debt / equity1.4×0.0×
Current ratio0.7×0.0×

Where this comes from

Calculated from Oneok’s reported figures.

Based on trailing twelve months.

The official record: Oneok’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Oneok's free cash flow margin?
Oneok (OKE) reported free cash flow margin of 6.4% in Q1 2026.
How has Oneok's free cash flow margin changed year-over-year?
Oneok's free cash flow margin decreased by 48.0% year-over-year, from 12.3% to 6.4%.
What is the long-term trend for Oneok's free cash flow margin?
Over 3 years (2022 to 2025), Oneok's free cash flow margin has grown at a 5.8% compound annual growth rate (CAGR), from 33% to 39.1%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.