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Oneok OKE Gross margin

Gross margin at other companies

Atmos Energy logo
Atmos EnergyATO
75.1%+15.5pp
Energy Transfer logo
Energy TransferET
25.2%-0.6pp
EQT Corporation logo
EQT CorporationEQT
84.9%+16.1pp
CNP
CenterPoint EnergyCNP
100%0.0pp
Cheniere Energy logo
Cheniere EnergyLNG
41.7%-14.8pp
Valero Energy logo
Valero EnergyVLO
5.6%+3.0pp

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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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 gross margin?
Oneok (OKE) reported gross margin of 29.6% in Q1 2026.
How has Oneok's gross margin changed year-over-year?
Oneok's gross margin decreased by 16.8% year-over-year, from 35.6% to 29.6%.
What is the long-term trend for Oneok's gross margin?
Over 4 years (2021 to 2025), Oneok's gross margin has grown at a 0.6% compound annual growth rate (CAGR), from 128.8% to 131.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.