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Oneok OKE Net margin

Net margin at other companies

EOG Resources logo
EOG ResourcesEOG
23%-3.1pp
Devon Energy logo
Devon EnergyDVN
13.7%-2.9pp
Atmos Energy logo
Atmos EnergyATO
27.6%+2.2pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
11.4%+1.2pp
Energy Transfer logo
Energy TransferET
4.7%-1.2pp
Williams Companies logo
Williams CompaniesWMB
20.6%-6.7pp

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

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 net margin?
Oneok (OKE) reported net margin of 10% in Q1 2026.
How has Oneok's net margin changed year-over-year?
Oneok's net margin decreased by 17.4% year-over-year, from 12.1% to 10%.
What is the long-term trend for Oneok's net margin?
Over 4 years (2021 to 2025), Oneok's net margin has grown at a 0.3% compound annual growth rate (CAGR), from 43.3% to 43.9%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.