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ONEOK (OKE) Financials

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$79.75 -0.84 (-1.04%)
As of 11:20 AM Eastern
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Annual Income Statements for ONEOK

Annual Income Statements for ONEOK

This table shows ONEOK's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
3,034 2,658 1,721 1,499 612 1,277 1,151 387 352 245
Consolidated Net Income / (Loss)
3,112 2,659 1,722 1,500 613 1,279 1,155 594 743 379
Net Income / (Loss) Continuing Operations
3,112 2,659 1,722 1,500 613 1,279 1,155 594 746 385
Total Pre-Tax Income
4,110 3,497 2,250 1,984 802 1,651 1,518 1,041 958 522
Total Operating Income
4,989 4,072 2,807 2,596 1,361 1,914 1,835 1,392 1,296 996
Total Gross Profit
8,387 5,748 4,477 4,283 3,432 3,376 3,170 2,636 2,425 2,122
Total Revenue
21,698 17,677 22,387 16,540 8,542 10,164 12,593 12,174 8,921 7,763
Operating Revenue
21,698 17,677 22,387 16,540 8,542 10,164 12,593 12,174 8,921 7,763
Total Cost of Revenue
13,311 11,929 17,910 12,257 5,110 6,788 9,423 9,538 6,496 5,641
Operating Cost of Revenue
13,311 11,929 17,910 12,257 5,110 6,788 9,423 9,538 6,496 5,641
Total Operating Expenses
3,398 1,676 1,670 1,687 2,071 1,462 1,335 1,244 1,129 1,126
Selling, General & Admin Expense
2,162 1,319 958 900 761 864 803 724 658 606
Depreciation Expense
1,134 769 626 622 579 477 429 406 392 355
Other Operating Expenses / (Income)
29 -570 86 165 124 119 104 98 89 88
Restructuring Charge
73 158 0.00 0.00 - - - - - -
Total Other Income / (Expense), net
-879 -575 -557 -612 -559 -263 -318 -351 -338 -474
Interest Expense
1,371 866 676 733 713 492 470 486 470 417
Interest & Investment Income
439 202 148 122 129 219 166 155 140 -53
Other Income / (Expense), net
53 89 -29 -1.00 25 9.06 -14 -20 -8.07 -4.39
Income Tax Expense
998 838 528 484 190 372 363 447 212 137
Preferred Stock Dividends Declared
1.00 1.00 1.00 1.00 1.10 1.10 1.10 -0.77 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest
77 0.00 0.00 - 0.00 - 3.33 206 391 134
Basic Earnings per Share
$5.19 $5.49 $3.85 $3.36 $1.42 $3.09 $2.80 $1.30 $1.67 $1.17
Weighted Average Basic Shares Outstanding
584.60M 484.30M 447.50M 446.40M 431.11M 413.56M 411.49M 297.48M 211.13M 210.21M
Diluted Earnings per Share
$5.17 $5.48 $3.84 $3.35 $1.42 $3.07 $2.78 $1.29 $1.66 $1.16
Weighted Average Diluted Shares Outstanding
586.50M 485.40M 448.40M 447.40M 431.78M 415.44M 414.20M 299.78M 212.38M 210.54M
Weighted Average Basic & Diluted Shares Outstanding
624.34M 583.16M 447.22M 446.21M 444.98M 413.32M 411.30M 298.30M 210.80M 209.40M
Cash Dividends to Common per Share
$3.96 $3.82 $3.74 $3.74 $3.74 $3.53 $3.25 $2.72 $0.00 $2.43

Quarterly Income Statements for ONEOK

This table shows ONEOK's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
636 923 692 780 639 688 453 468 1,049 485 431
Consolidated Net Income / (Loss)
691 1,000 693 780 639 688 454 468 1,049 485 432
Net Income / (Loss) Continuing Operations
691 1,000 693 780 639 688 454 468 1,049 485 432
Total Pre-Tax Income
888 1,328 912 1,023 847 910 595 613 1,379 628 564
Total Operating Income
1,220 1,568 1,128 1,229 1,064 1,099 739 737 1,497 756 700
Total Gross Profit
2,388 2,504 1,996 2,003 1,884 1,934 1,390 1,250 1,174 1,139 1,141
Total Revenue
8,043 7,000 5,023 4,894 4,781 5,235 4,189 3,732 4,521 5,032 5,914
Operating Revenue
8,043 7,000 5,023 4,894 4,781 5,235 4,189 3,732 4,521 5,032 5,914
Total Cost of Revenue
5,655 4,496 3,027 2,891 2,897 3,301 2,799 2,482 3,347 3,893 4,773
Operating Cost of Revenue
5,655 4,496 3,027 2,891 2,897 3,301 2,799 2,482 3,347 3,893 4,773
Total Operating Expenses
1,168 936 868 774 820 835 651 513 -323 383 441
Selling, General & Admin Expense
655 674 512 490 486 476 308 296 239 275 238
Depreciation Expense
380 344 274 262 254 260 177 170 162 157 157
Other Operating Expenses / (Income)
91 -145 72 22 80 64 43 47 -724 -49 46
Restructuring Charge
42 - 10 - - - 123 - - - 0.00
Total Other Income / (Expense), net
-332 -240 -216 -206 -217 -189 -144 -124 -118 -128 -136
Interest Expense
442 448 325 298 300 305 215 180 166 166 167
Interest & Investment Income
108 183 92 88 76 70 49 43 40 37 39
Other Income / (Expense), net
2.00 25 17 4.00 7.00 46 22 13 8.00 1.00 -8.00
Income Tax Expense
197 328 219 243 208 222 141 145 330 143 132
Preferred Stock Dividends Declared
0.00 - 1.00 0.00 0.00 - 1.00 0.00 0.00 - 1.00
Net Income / (Loss) Attributable to Noncontrolling Interest
55 - - - - - - - - - -
Basic Earnings per Share
$1.04 $1.59 $1.18 $1.33 $1.09 $1.12 $0.99 $1.04 $2.34 $1.09 $0.96
Weighted Average Basic Shares Outstanding
611.40M 584.60M 584.80M 584.60M 584.20M 484.30M 457.30M 448.30M 448.10M 447.50M 447.70M
Diluted Earnings per Share
$1.04 $1.57 $1.18 $1.33 $1.09 $1.11 $0.99 $1.04 $2.34 $1.09 $0.96
Weighted Average Diluted Shares Outstanding
612.50M 586.50M 586.70M 585.80M 585.70M 485.40M 458.20M 449M 449M 448.40M 448.20M
Weighted Average Basic & Diluted Shares Outstanding
624.63M 624.34M 584.18M 584.07M 583.65M 583.16M 582.55M 447.67M 447.44M 447.22M 446.95M
Cash Dividends to Common per Share
$1.03 - $0.99 $0.99 $0.99 - $0.96 $0.96 $0.96 - $0.94

Annual Cash Flow Statements for ONEOK

This table details how cash moves in and out of ONEOK's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
395 118 74 -378 504 8.98 -25 -212 151 -75
Net Cash From Operating Activities
4,888 4,421 2,906 2,546 1,899 1,947 2,187 1,315 1,353 1,023
Net Cash From Continuing Operating Activities
4,888 4,421 2,906 2,546 1,899 2,089 1,942 1,315 1,353 1,023
Net Income / (Loss) Continuing Operations
3,112 2,659 1,722 1,500 613 1,279 1,155 594 743 379
Consolidated Net Income / (Loss)
3,112 2,659 1,722 1,500 613 1,279 1,155 594 743 379
Depreciation Expense
1,134 769 626 622 579 477 429 406 392 355
Non-Cash Adjustments To Reconcile Net Income
-276 -277 349 1.00 646 -17 12 70 47 384
Changes in Operating Assets and Liabilities, net
918 1,270 209 423 62 209 582 245 171 -95
Net Cash From Investing Activities
-6,612 -6,404 -1,139 -665 -2,271 -3,769 -2,115 -568 -615 -1,191
Net Cash From Continuing Investing Activities
-6,612 -6,404 -1,139 -665 -2,271 -3,769 -2,115 -568 -615 -1,191
Purchase of Property, Plant & Equipment
-2,021 -1,595 -1,202 -697 -2,195 -3,848 -2,141 -512 -625 -1,188
Acquisitions
-5,829 -5,015 0.00 0.00 - - - - - 0.00
Purchase of Investments
-111 -207 -3.00 -1.00 - - -0.17 -88 -68 -28
Divestitures
1,200 0.00 0.00 - - - - - - -
Sale and/or Maturity of Investments
52 50 20 19 32 94 27 29 52 34
Other Investing Activities, net
97 363 46 14 -107 -15 - 3.88 - -13
Net Cash From Financing Activities
2,119 2,101 -1,693 -2,259 875 1,831 -97 -959 -587 93
Net Cash From Continuing Financing Activities
2,119 2,101 -1,693 -2,259 875 1,831 -97 -959 -587 93
Repayment of Debt
-2,138 -1,358 -890 -592 -1,514 -926 -1,561 -1,516 -1,105 -550
Repurchase of Preferred Equity
-365 0.00 0.00 - - - - - - -
Repurchase of Common Equity
-159 0.00 0.00 - - - - - - -
Payment of Dividends
-2,313 -1,839 -1,672 -1,667 -1,605 -1,458 -1,339 -1,106 -1,067 -1,045
Issuance of Debt
7,094 5,298 869 0.00 3,025 4,185 1,796 1,190 1,564 1,292
Cash Interest Paid
1,297 653 582 692 761 435 418 432 461 368
Cash Income Taxes Paid
102 37 59 9.00 0.34 2.69 2.23 6.63 0.36 3.32

Quarterly Cash Flow Statements for ONEOK

This table details how cash moves in and out of ONEOK's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-592 -5,731 6,428 -29 -273 54 178 -574 460 198 -114
Net Cash From Operating Activities
904 1,611 1,251 1,430 596 1,508 920 772 1,221 1,040 616
Net Cash From Continuing Operating Activities
904 1,611 1,251 1,430 596 1,508 920 772 1,221 1,040 616
Net Income / (Loss) Continuing Operations
691 1,000 693 780 639 688 454 468 1,049 485 432
Consolidated Net Income / (Loss)
691 1,000 693 780 639 688 454 468 1,049 485 432
Depreciation Expense
380 344 274 262 254 260 177 170 162 157 157
Non-Cash Adjustments To Reconcile Net Income
-7.00 -272 -7.00 122 -119 -81 78 - -274 350 -1.00
Changes in Operating Assets and Liabilities, net
-160 539 291 266 -178 641 211 134 284 48 28
Net Cash From Investing Activities
-694 -4,780 -498 -756 -578 -645 -5,406 -400 47 -275 -321
Net Cash From Continuing Investing Activities
-694 -4,780 -498 -756 -578 -645 -5,406 -400 47 -275 -321
Purchase of Property, Plant & Equipment
-629 -562 -468 -479 -512 -603 -398 -305 -289 -316 -327
Purchase of Investments
-82 -9.00 -4.00 -6.00 -92 -96 -3.00 -106 -2.00 -1.00 -1.00
Other Investing Activities, net
17 15 1.00 80 1.00 29 1.00 3.00 330 40 2.00
Net Cash From Financing Activities
-802 -2,562 5,675 -703 -291 -809 4,664 -946 -808 -567 -409
Net Cash From Continuing Financing Activities
-802 -2,562 5,675 -703 -291 -809 4,664 -946 -808 -567 -409
Repayment of Debt
-329 -1,571 -549 -305 287 -253 -146 -528 -431 4.00 -892
Repurchase of Common Equity
-30 - - - - - - - - - -
Payment of Dividends
-643 -579 -578 -578 -578 -556 -428 -428 -427 -419 -418
Issuance of Debt
200 112 6,802 180 0.00 - 5,238 10 50 -152 901

Annual Balance Sheets for ONEOK

This table presents ONEOK's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
64,069 44,266 24,379 23,622 23,079 21,812 18,232 16,846 16,139 15,446
Total Current Assets
4,238 3,108 2,548 2,374 1,870 1,470 1,399 1,764 1,430 975
Cash & Equivalents
733 338 220 146 524 21 12 37 249 98
Accounts Receivable
2,326 1,705 1,532 1,442 830 835 819 1,203 872 594
Inventories, net
748 639 581 581 371 507 438 433 201 205
Other Current Assets
431 426 215 205 144 108 130 92 107 79
Plant, Property, & Equipment, net
45,935 32,697 19,952 19,320 19,155 18,349 14,767 12,698 12,571 12,374
Plant, Property & Equipment, gross
52,274 38,454 25,015 23,821 23,073 22,051 18,031 15,560 15,078 14,530
Accumulated Depreciation
6,339 5,757 5,063 4,501 3,918 3,703 3,264 2,862 2,507 2,156
Total Noncurrent Assets
13,896 8,461 1,879 1,927 2,054 1,993 2,066 2,383 2,138 2,097
Long-Term Investments
2,316 1,874 802 798 805 862 969 1,003 959 948
Goodwill
8,091 4,952 528 763 774 958 967 993 1,005 1,017
Intangible Assets
3,039 1,316 225 - - - - - - -
Other Noncurrent Operating Assets
450 319 324 366 475 173 130 181 163 113
Total Liabilities & Shareholders' Equity
64,069 44,266 24,379 23,622 23,079 21,812 18,232 16,846 16,139 15,446
Total Liabilities
41,936 27,782 17,885 17,606 17,036 15,586 11,652 11,161 12,710 11,680
Total Current Liabilities
4,719 3,452 3,051 3,185 1,345 2,020 2,108 2,667 2,837 1,638
Short-Term Debt
1,059 484 925 896 7.65 228 508 1,047 1,521 657
Accounts Payable
2,187 1,564 1,359 1,332 719 1,210 1,116 1,141 875 616
Current Deferred & Payable Income Tax Liabilities
221 215 136 0.00 89 75 - - - -
Other Current Liabilities
741 808 398 721 283 317 323 344 309 207
Other Current Nonoperating Liabilities
511 381 233 236 245 191 161 135 132 158
Total Noncurrent Liabilities
37,217 24,330 14,834 14,422 15,692 13,566 9,544 8,493 9,873 10,042
Long-Term Debt
31,018 21,183 12,696 12,748 14,228 12,480 8,873 8,092 7,920 8,324
Noncurrent Deferred & Payable Income Tax Liabilities
5,451 2,594 1,739 1,167 670 536 220 53 1,624 1,437
Other Noncurrent Operating Liabilities
748 553 331 432 706 537 451 349 322 264
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
22,133 16,484 6,494 6,015 6,042 6,226 6,580 5,685 3,429 3,766
Total Preferred & Common Equity
17,036 16,484 6,494 6,015 6,042 6,226 6,580 5,528 189 336
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
Total Common Equity
17,036 16,484 6,494 6,015 6,042 6,226 6,580 5,528 189 336
Common Stock
16,360 16,326 7,258 7,219 7,358 7,408 7,620 6,593 1,237 1,381
Retained Earnings
1,579 868 50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Treasury Stock
-807 -677 -706 -732 -764 -808 -852 -877 -894 -918
Accumulated Other Comprehensive Income / (Loss)
-96 -33 -108 -471 -551 -374 -188 -189 -154 -127
Noncontrolling Interest
5,097 0.00 - - - - - 157 3,240 3,431

Quarterly Balance Sheets for ONEOK

This table presents ONEOK's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
64,263 64,069 51,050 44,535 44,390 44,266 43,939 24,038 24,464 24,379 24,439
Total Current Assets
4,116 4,238 2,876 2,475 2,950 3,108 3,188 1,863 2,569 2,548 2,765
Cash & Equivalents
141 733 579 36 65 338 284 106 680 220 22
Accounts Receivable
2,651 2,326 1,252 1,330 1,699 1,705 1,571 1,023 1,153 1,532 1,729
Inventories, net
905 748 773 824 951 639 1,011 460 556 581 693
Other Current Assets
419 431 272 285 235 426 322 274 180 215 321
Plant, Property, & Equipment, net
46,230 45,935 33,613 33,415 32,807 32,697 32,089 20,229 20,040 19,952 19,790
Plant, Property & Equipment, gross
52,888 52,274 40,073 39,627 38,796 38,454 37,626 25,601 25,252 25,015 24,727
Accumulated Depreciation
6,658 6,339 6,460 6,212 5,989 5,757 5,537 5,372 5,212 5,063 4,937
Total Noncurrent Assets
13,917 13,896 14,561 8,645 8,633 8,461 8,662 1,946 1,855 1,879 1,884
Long-Term Investments
2,405 2,316 1,925 1,937 1,939 1,874 1,795 885 789 802 804
Goodwill
8,094 8,091 5,148 5,112 5,056 4,952 5,682 748 750 528 755
Intangible Assets
3,002 3,039 1,283 1,297 1,311 1,316 861 - - 225 -
Other Noncurrent Operating Assets
416 450 6,205 299 327 319 324 313 316 324 325
Total Liabilities & Shareholders' Equity
64,263 64,069 51,050 44,535 44,390 44,266 43,939 24,038 24,464 24,379 24,439
Total Liabilities
42,143 41,936 34,163 27,826 27,945 27,782 27,640 16,820 17,332 17,885 18,127
Total Current Liabilities
6,183 4,719 3,557 3,979 4,194 3,452 3,298 1,517 2,182 3,051 4,139
Short-Term Debt
2,259 1,059 1,257 1,534 1,554 484 500 0.00 500 925 1,826
Accounts Payable
2,437 2,187 1,247 1,271 1,480 1,564 1,619 880 1,074 1,359 1,659
Other Current Liabilities
1,026 741 584 654 723 808 741 293 321 398 533
Other Current Nonoperating Liabilities
461 511 253 355 268 381 218 214 137 233 120
Total Noncurrent Liabilities
35,960 37,217 30,606 23,847 23,751 24,330 24,342 15,303 15,150 14,834 13,988
Long-Term Debt
29,781 31,018 26,880 20,339 20,447 21,183 21,450 12,742 12,728 12,696 11,951
Noncurrent Deferred & Payable Income Tax Liabilities
5,591 5,451 3,154 2,956 2,745 2,594 2,349 2,168 2,027 1,739 1,593
Other Noncurrent Operating Liabilities
588 748 572 552 559 553 466 330 395 331 375
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
22,120 22,133 16,887 16,709 16,445 16,484 16,299 7,218 7,132 6,494 6,312
Total Preferred & Common Equity
21,364 17,036 16,887 16,709 16,445 16,484 16,299 7,218 7,132 6,494 6,312
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
21,364 17,036 16,887 16,709 16,445 16,484 16,299 7,218 7,132 6,494 6,312
Common Stock
20,728 16,360 16,368 16,344 16,309 16,326 16,321 7,275 7,258 7,258 7,223
Retained Earnings
1,569 1,579 1,237 1,126 927 868 737 711 672 50 0.00
Treasury Stock
-810 -807 -650 -653 -663 -677 -691 -693 -699 -706 -712
Accumulated Other Comprehensive Income / (Loss)
-123 -96 -68 -108 -128 -33 -68 -75 -99 -108 -199
Noncontrolling Interest
756 5,097 - - - 0.00 - - - - -

Annual Metrics And Ratios for ONEOK

This table displays calculated financial ratios and metrics derived from ONEOK's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
22.75% -21.04% 35.35% 93.63% -15.96% -19.29% 3.44% 36.46% 14.91% -36.34%
EBITDA Growth
25.27% 44.83% 5.81% 63.74% -18.14% 6.68% 26.56% 5.86% 24.73% -5.59%
EBIT Growth
21.17% 49.78% 7.05% 87.23% -27.94% 5.61% 32.80% 6.50% 29.84% -11.46%
NOPAT Growth
22.01% 44.12% 9.46% 88.76% -29.86% 6.15% 75.98% -21.30% 37.13% -21.15%
Net Income Growth
17.04% 54.41% 14.80% 144.77% -52.07% 10.70% 94.61% -20.17% 96.07% -42.82%
EPS Growth
-5.66% 42.71% 14.63% 135.92% -53.75% 10.43% 115.50% -22.29% 43.10% -22.15%
Operating Cash Flow Growth
10.56% 52.13% 14.14% 34.07% -2.45% -10.97% 66.24% -2.79% 32.30% -20.44%
Free Cash Flow Firm Growth
16.31% -876.89% -19.76% 17,077.43% 100.79% -1,031.58% 113.12% -224.18% 2,023.33% 95.36%
Invested Capital Growth
42.27% 87.27% 1.94% -1.33% 5.63% 20.57% 8.78% 18.05% -0.56% 7.15%
Revenue Q/Q Growth
8.85% 1.16% -1.70% 20.81% 45.89% 43.91% -35.76% 36.75% -13.65% -10.53%
EBITDA Q/Q Growth
9.43% 11.06% 3.20% 3.62% 4.33% 1.82% 3.11% 4.71% 5.36% -3.58%
EBIT Q/Q Growth
9.75% 10.28% 3.81% 4.49% 4.12% 1.46% 3.47% 5.82% 6.57% -5.96%
NOPAT Q/Q Growth
10.20% 8.69% 4.79% 3.92% 3.82% 1.21% 23.38% -19.70% 11.48% -10.31%
Net Income Q/Q Growth
11.14% 8.27% 6.52% 5.02% -1.96% 2.19% 24.60% -17.93% 42.76% -37.73%
EPS Q/Q Growth
9.77% 0.37% 6.96% 3.08% -2.07% 1.99% 26.94% -19.38% 22.06% -22.15%
Operating Cash Flow Q/Q Growth
2.15% 11.84% -0.51% 11.32% 10.21% -2.52% 15.34% -3.79% 8.28% -7.87%
Free Cash Flow Firm Q/Q Growth
-301.88% 2.35% 2.70% 7.79% 101.27% -39.72% -66.65% -11.17% 39.47% 94.88%
Invested Capital Q/Q Growth
20.81% -0.40% -0.30% -0.58% -0.13% 5.62% 3.34% -0.89% -0.55% 1.15%
Profitability Metrics
- - - - - - - - - -
Gross Margin
38.65% 32.52% 20.00% 25.89% 40.18% 33.22% 25.18% 21.65% 27.18% 27.34%
EBITDA Margin
28.46% 27.89% 15.21% 19.45% 23.00% 23.61% 17.86% 14.60% 18.82% 17.34%
Operating Margin
22.99% 23.04% 12.54% 15.70% 15.94% 18.83% 14.58% 11.43% 14.53% 12.83%
EBIT Margin
23.24% 23.54% 12.41% 15.69% 16.23% 18.92% 14.46% 11.26% 14.43% 12.78%
Profit (Net Income) Margin
14.34% 15.04% 7.69% 9.07% 7.17% 12.58% 9.17% 4.88% 8.33% 4.88%
Tax Burden Percent
75.72% 76.04% 76.53% 75.60% 76.38% 77.44% 76.09% 57.03% 77.61% 72.66%
Interest Burden Percent
81.52% 84.04% 80.99% 76.45% 57.89% 85.84% 83.35% 75.90% 74.39% 52.62%
Effective Tax Rate
24.28% 23.96% 23.47% 24.40% 23.62% 22.56% 23.91% 42.97% 22.17% 26.17%
Return on Invested Capital (ROIC)
8.59% 11.11% 11.18% 10.25% 5.54% 8.88% 9.61% 6.17% 8.53% 6.42%
ROIC Less NNEP Spread (ROIC-NNEP)
5.89% 8.44% 7.89% 6.72% 2.16% 6.90% 6.73% 3.76% 5.31% 1.71%
Return on Net Nonoperating Assets (RNNOA)
7.53% 12.03% 16.35% 14.63% 4.45% 11.09% 9.22% 6.85% 12.14% 3.34%
Return on Equity (ROE)
16.12% 23.14% 27.53% 24.88% 9.99% 19.97% 18.83% 13.02% 20.67% 9.76%
Cash Return on Invested Capital (CROIC)
-26.31% -49.65% 9.27% 11.58% 0.07% -9.77% 1.21% -10.38% 9.09% -0.49%
Operating Return on Assets (OROA)
9.31% 12.12% 11.57% 11.11% 6.18% 9.61% 10.38% 8.32% 8.15% 6.46%
Return on Assets (ROA)
5.75% 7.75% 7.17% 6.42% 2.73% 6.39% 6.59% 3.60% 4.71% 2.47%
Return on Common Equity (ROCE)
13.99% 23.14% 27.53% 24.88% 9.99% 19.97% 18.59% 8.17% 1.51% 1.17%
Return on Equity Simple (ROE_SIMPLE)
18.27% 16.13% 26.52% 24.94% 10.14% 20.54% 17.55% 10.74% 393.92% 112.92%
Net Operating Profit after Tax (NOPAT)
3,778 3,096 2,148 1,963 1,040 1,483 1,397 794 1,008 735
NOPAT Margin
17.41% 17.52% 9.60% 11.87% 12.17% 14.59% 11.09% 6.52% 11.30% 9.47%
Net Nonoperating Expense Percent (NNEP)
2.70% 2.67% 3.29% 3.53% 3.38% 1.98% 2.88% 2.41% 3.22% 4.70%
Return On Investment Capital (ROIC_SIMPLE)
6.97% 8.12% 10.64% - - - - - - -
Cost of Revenue to Revenue
61.35% 67.48% 80.00% 74.11% 59.82% 66.78% 74.82% 78.35% 72.82% 72.66%
SG&A Expenses to Revenue
9.96% 7.46% 4.28% 5.44% 8.91% 8.50% 6.38% 5.95% 7.38% 7.80%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
15.66% 9.48% 7.46% 10.20% 24.24% 14.38% 10.60% 10.22% 12.66% 14.50%
Earnings before Interest and Taxes (EBIT)
5,042 4,161 2,778 2,595 1,386 1,923 1,821 1,371 1,288 992
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
6,176 4,930 3,404 3,217 1,965 2,400 2,250 1,778 1,679 1,346
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.41 2.34 4.02 3.72 2.24 3.58 2.28 2.38 39.14 8.76
Price to Tangible Book Value (P/TBV)
9.83 3.77 4.55 4.26 2.57 4.23 2.68 2.90 0.00 0.00
Price to Revenue (P/Rev)
2.67 2.18 1.17 1.35 1.59 2.19 1.19 1.08 0.83 0.38
Price to Earnings (P/E)
19.13 14.50 15.18 14.94 22.16 17.44 13.05 34.02 20.98 12.01
Dividend Yield
3.99% 5.77% 6.40% 7.45% 12.26% 6.55% 8.89% 7.92% 7.01% 17.29%
Earnings Yield
5.23% 6.89% 6.59% 6.69% 4.51% 5.73% 7.66% 2.94% 4.77% 8.33%
Enterprise Value to Invested Capital (EV/IC)
1.78 1.60 2.00 1.85 1.38 1.87 1.55 1.54 1.60 1.21
Enterprise Value to Revenue (EV/Rev)
4.25 3.28 1.73 2.13 3.11 3.36 1.86 1.76 2.11 1.84
Enterprise Value to EBITDA (EV/EBITDA)
14.92 11.77 11.40 10.93 13.51 14.22 10.41 12.05 11.23 10.63
Enterprise Value to EBIT (EV/EBIT)
18.28 13.94 13.97 13.55 19.15 17.74 12.86 15.62 14.65 14.43
Enterprise Value to NOPAT (EV/NOPAT)
24.40 18.74 18.06 17.92 25.53 23.01 16.76 27.00 18.70 19.45
Enterprise Value to Operating Cash Flow (EV/OCF)
18.85 13.12 13.35 13.81 13.98 17.52 10.71 16.29 13.94 13.99
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 21.79 15.85 2,055.49 0.00 133.69 0.00 17.55 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.45 1.31 2.11 2.28 2.37 2.04 1.43 1.61 2.75 2.38
Long-Term Debt to Equity
1.40 1.29 1.97 2.13 2.37 2.01 1.35 1.42 2.31 2.21
Financial Leverage
1.28 1.42 2.07 2.18 2.06 1.61 1.37 1.82 2.29 1.95
Leverage Ratio
2.81 2.99 3.84 3.87 3.66 3.13 2.86 3.62 4.39 3.95
Compound Leverage Factor
2.29 2.51 3.11 2.96 2.12 2.68 2.38 2.75 3.27 2.08
Debt to Total Capital
59.17% 56.79% 67.82% 69.52% 70.33% 67.14% 58.78% 61.65% 73.36% 70.45%
Short-Term Debt to Total Capital
1.95% 1.27% 4.58% 4.54% 0.04% 1.20% 3.18% 7.06% 11.82% 5.15%
Long-Term Debt to Total Capital
57.22% 55.52% 63.24% 64.98% 70.29% 65.94% 55.60% 54.58% 61.54% 65.30%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
9.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.06% 25.18% 26.91%
Common Equity to Total Capital
31.43% 43.21% 32.18% 30.48% 29.67% 32.86% 41.22% 37.29% 1.47% 2.63%
Debt to EBITDA
5.19 4.39 4.02 4.26 7.29 5.30 4.17 5.14 5.62 6.67
Net Debt to EBITDA
4.70 3.95 3.72 3.97 6.61 4.93 3.73 4.56 4.90 5.89
Long-Term Debt to EBITDA
5.02 4.30 3.75 3.99 7.29 5.21 3.94 4.55 4.72 6.18
Debt to NOPAT
8.49 7.00 6.37 6.99 13.78 8.58 6.72 11.51 9.36 12.21
Net Debt to NOPAT
7.68 6.28 5.90 6.51 12.50 7.99 6.01 10.20 8.16 10.79
Long-Term Debt to NOPAT
8.21 6.84 5.94 6.53 13.77 8.43 6.35 10.20 7.85 11.32
Altman Z-Score
1.45 1.56 2.15 1.78 1.07 1.58 1.75 1.64 1.06 0.81
Noncontrolling Interest Sharing Ratio
13.20% 0.00% 0.00% 0.00% 0.00% 0.00% 1.28% 37.28% 92.71% 88.06%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.90 0.90 0.84 0.75 1.39 0.73 0.66 0.66 0.50 0.60
Quick Ratio
0.65 0.59 0.57 0.50 1.01 0.42 0.39 0.46 0.40 0.42
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-11,574 -13,830 1,780 2,219 13 -1,632 175 -1,335 1,075 -56
Operating Cash Flow to CapEx
241.86% 277.18% 241.76% 365.28% 86.50% 50.59% 102.11% 256.72% 225.83% 86.35%
Free Cash Flow to Firm to Interest Expense
-8.44 -15.97 2.63 3.03 0.02 -3.32 0.37 -2.75 2.29 -0.13
Operating Cash Flow to Interest Expense
3.57 5.11 4.30 3.47 2.66 3.96 4.66 2.71 2.88 2.45
Operating Cash Flow Less CapEx to Interest Expense
2.09 3.26 2.52 2.52 -0.42 -3.87 0.10 1.65 1.61 -0.39
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.40 0.52 0.93 0.71 0.38 0.51 0.72 0.74 0.56 0.51
Accounts Receivable Turnover
10.77 10.92 15.06 14.56 10.26 12.29 12.46 11.73 12.17 11.59
Inventory Turnover
19.19 19.56 30.83 25.75 11.64 14.37 21.65 30.11 32.02 28.58
Fixed Asset Turnover
0.55 0.67 1.14 0.86 0.46 0.61 0.92 0.96 0.72 0.65
Accounts Payable Turnover
7.10 8.16 13.31 11.95 5.30 5.84 8.35 9.47 8.72 7.48
Days Sales Outstanding (DSO)
33.90 33.42 24.24 25.06 35.57 29.70 29.30 31.11 30.00 31.49
Days Inventory Outstanding (DIO)
19.02 18.66 11.84 14.17 31.34 25.39 16.86 12.12 11.40 12.77
Days Payable Outstanding (DPO)
51.43 44.72 27.42 30.55 68.90 62.54 43.71 38.56 41.88 48.77
Cash Conversion Cycle (CCC)
1.49 7.37 8.66 8.69 -1.98 -7.45 2.45 4.67 -0.48 -4.51
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
51,672 36,320 19,394 19,026 19,282 18,255 15,141 13,919 11,791 11,857
Invested Capital Turnover
0.49 0.63 1.17 0.86 0.46 0.61 0.87 0.95 0.75 0.68
Increase / (Decrease) in Invested Capital
15,352 16,926 368 -256 1,027 3,114 1,222 2,128 -66 791
Enterprise Value (EV)
92,155 58,008 38,795 35,171 26,548 34,116 23,414 21,425 18,860 14,307
Market Capitalization
58,030 38,553 26,128 22,396 13,554 22,278 15,014 13,169 7,387 2,942
Book Value per Share
$29.16 $28.30 $14.53 $13.49 $13.60 $15.07 $15.99 $14.42 $0.90 $1.60
Tangible Book Value per Share
$10.11 $17.54 $12.84 $11.78 $11.86 $12.75 $13.64 $11.83 ($3.88) ($3.26)
Total Capital
54,210 38,151 20,183 19,734 20,366 18,947 15,961 14,824 12,870 12,747
Total Debt
32,077 21,667 13,689 13,719 14,324 12,721 9,381 9,139 9,441 8,981
Total Long-Term Debt
31,018 21,183 12,764 12,823 14,316 12,493 8,873 8,092 7,920 8,324
Net Debt
29,028 19,455 12,667 12,775 12,994 11,838 8,400 8,099 8,233 7,935
Capital Expenditures (CapEx)
2,021 1,595 1,202 697 2,195 3,848 2,141 512 599 1,184
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-155 -198 202 -61 8.38 -343 -214 107 -135 -104
Debt-free Net Working Capital (DFNWC)
578 140 422 86 533 -322 -202 144 114 -6.07
Net Working Capital (NWC)
-481 -344 -503 -810 525 -550 -710 -903 -1,407 -663
Net Nonoperating Expense (NNE)
666 437 426 463 427 204 242 200 265 356
Net Nonoperating Obligations (NNO)
29,539 19,836 12,900 13,011 13,239 12,029 8,561 8,234 8,362 8,091
Total Depreciation and Amortization (D&A)
1,134 769 626 622 579 477 429 406 392 355
Debt-free, Cash-free Net Working Capital to Revenue
-0.71% -1.12% 0.90% -0.37% 0.10% -3.38% -1.70% 0.88% -1.51% -1.34%
Debt-free Net Working Capital to Revenue
2.66% 0.79% 1.89% 0.52% 6.24% -3.17% -1.61% 1.19% 1.28% -0.08%
Net Working Capital to Revenue
-2.22% -1.95% -2.25% -4.90% 6.15% -5.41% -5.64% -7.42% -15.77% -8.54%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$5.19 $5.49 $3.85 $3.36 $1.42 $3.09 $2.80 $1.30 $1.67 $1.17
Adjusted Weighted Average Basic Shares Outstanding
584.60M 484.30M 447.51M 446.40M 431.11M 413.56M 411.49M 297.48M 211.13M 210.21M
Adjusted Diluted Earnings per Share
$5.17 $5.48 $3.84 $3.35 $1.42 $3.07 $2.78 $1.29 $1.66 $1.16
Adjusted Weighted Average Diluted Shares Outstanding
586.50M 485.40M 448.45M 447.40M 431.78M 415.44M 414.20M 299.78M 212.38M 210.54M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
624.34M 583.16M 447.22M 446.21M 444.98M 413.32M 411.61M 410.63M 210.76M 209.99M
Normalized Net Operating Profit after Tax (NOPAT)
3,833 3,216 2,148 1,963 1,504 1,485 1,396 802 1,001 793
Normalized NOPAT Margin
17.66% 18.20% 9.60% 11.87% 17.60% 14.61% 11.09% 6.59% 11.22% 10.22%
Pre Tax Income Margin
18.94% 19.78% 10.05% 12.00% 9.39% 16.24% 12.05% 8.55% 10.74% 6.72%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
3.68 4.80 4.11 3.54 1.94 3.91 3.88 2.82 2.74 2.38
NOPAT to Interest Expense
2.76 3.58 3.18 2.68 1.46 3.01 2.97 1.63 2.15 1.76
EBIT Less CapEx to Interest Expense
2.20 2.96 2.33 2.59 -1.14 -3.91 -0.68 1.77 1.47 -0.46
NOPAT Less CapEx to Interest Expense
1.28 1.73 1.40 1.73 -1.62 -4.81 -1.59 0.58 0.87 -1.08
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
74.33% 69.16% 97.10% 111.13% 261.97% 114.00% 115.89% 186.29% 143.51% 275.59%
Augmented Payout Ratio
79.43% 69.16% 97.10% 111.13% 261.97% 114.00% 115.89% 186.29% 143.51% 275.59%

Quarterly Metrics And Ratios for ONEOK

This table displays calculated financial ratios and metrics derived from ONEOK's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
68.23% 33.72% 19.91% 31.14% 5.75% 4.03% -29.17% -37.76% -16.97% -7.16% 30.37%
EBITDA Growth
20.91% 37.86% 51.28% 62.50% -20.52% 53.72% 10.48% 9.79% 107.60% 13.04% 3.07%
EBIT Growth
14.10% 39.13% 50.46% 64.40% -28.84% 51.26% 9.97% 10.29% 131.90% 15.55% 3.42%
NOPAT Growth
18.27% 42.10% 52.01% 66.54% -29.51% 42.31% 5.17% 7.51% 125.69% 20.20% 5.25%
Net Income Growth
8.14% 45.35% 52.64% 66.67% -39.08% 41.86% 5.09% 13.04% 168.29% 27.74% 10.20%
EPS Growth
-4.59% 41.44% 19.19% 27.88% -53.42% 1.83% 3.13% 13.04% 168.97% 29.76% 9.09%
Operating Cash Flow Growth
51.68% 6.83% 35.98% 85.23% -51.19% 45.00% 49.35% -1.91% 163.71% -1.41% 49.09%
Free Cash Flow Firm Growth
14.60% 11.95% 66.86% -3,049.22% -1,475.96% -7,561.79% -7,594.88% 33.86% 105.06% -70.91% -67.68%
Invested Capital Growth
41.86% 42.27% 17.30% 92.06% 92.93% 87.27% 87.45% -0.03% -0.46% 1.94% 1.66%
Revenue Q/Q Growth
14.90% 39.36% 2.64% 2.36% -8.67% 24.97% 12.25% -17.45% -10.16% -14.91% -1.37%
EBITDA Q/Q Growth
-17.29% 36.50% -5.08% 12.83% -5.69% 49.79% 1.96% -44.81% 82.39% 7.66% 1.31%
EBIT Q/Q Growth
-23.29% 39.13% -7.14% 15.13% -6.46% 50.46% 1.47% -50.17% 98.81% 9.39% 1.76%
NOPAT Q/Q Growth
-19.60% 37.75% -8.53% 16.74% -3.39% 47.35% 0.21% -50.59% 95.04% 8.89% 2.44%
Net Income Q/Q Growth
-30.90% 44.30% -11.15% 22.07% -7.12% 51.54% -2.99% -55.39% 116.29% 12.27% 4.35%
EPS Q/Q Growth
-33.76% 33.05% -11.28% 22.02% -1.80% 12.12% -4.81% -55.56% 114.68% 13.54% 4.35%
Operating Cash Flow Q/Q Growth
-43.89% 28.78% -12.52% 139.93% -60.48% 63.91% 19.17% -36.77% 17.40% 68.83% -21.73%
Free Cash Flow Firm Q/Q Growth
-1.72% -159.98% 67.52% 0.58% -4.87% 2.14% -2,990.68% -53.62% 468.72% -1.71% -48.37%
Invested Capital Q/Q Growth
0.78% 20.81% 15.72% 0.69% 1.07% -0.40% 89.47% 1.15% -1.89% -0.30% 1.04%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
29.69% 35.77% 39.74% 40.93% 39.41% 36.94% 33.18% 33.49% 25.97% 22.64% 19.29%
EBITDA Margin
19.92% 27.67% 28.25% 30.55% 27.71% 26.84% 22.39% 24.65% 36.87% 18.16% 14.36%
Operating Margin
15.17% 22.40% 22.46% 25.11% 22.25% 20.99% 17.64% 19.75% 33.11% 15.02% 11.84%
EBIT Margin
15.19% 22.76% 22.80% 25.19% 22.40% 21.87% 18.17% 20.10% 33.29% 15.04% 11.70%
Profit (Net Income) Margin
8.59% 14.29% 13.80% 15.94% 13.37% 13.14% 10.84% 12.54% 23.20% 9.64% 7.30%
Tax Burden Percent
77.82% 75.30% 75.99% 76.25% 75.44% 75.60% 76.30% 76.35% 76.07% 77.23% 76.60%
Interest Burden Percent
72.67% 83.36% 79.65% 82.97% 79.09% 79.48% 78.19% 81.73% 91.63% 82.96% 81.50%
Effective Tax Rate
22.18% 24.70% 24.01% 23.75% 24.56% 24.40% 23.70% 23.65% 23.93% 22.77% 23.40%
Return on Invested Capital (ROIC)
6.64% 8.32% 8.59% 13.01% 10.81% 10.07% 8.41% 15.04% 28.35% 13.52% 10.70%
ROIC Less NNEP Spread (ROIC-NNEP)
5.61% 7.59% 7.87% 12.04% 9.79% 9.20% 7.75% 14.29% 27.63% 12.76% 9.91%
Return on Net Nonoperating Assets (RNNOA)
7.30% 9.70% 10.92% 16.24% 13.35% 13.11% 11.42% 26.96% 52.66% 26.43% 21.56%
Return on Equity (ROE)
13.94% 18.02% 19.51% 29.25% 24.16% 23.18% 19.83% 42.00% 81.01% 39.95% 32.27%
Cash Return on Invested Capital (CROIC)
-25.78% -26.31% -7.27% -51.89% -53.54% -49.65% -50.66% 14.69% 15.05% 9.27% 8.98%
Operating Return on Assets (OROA)
6.98% 9.12% 9.57% 14.03% 11.67% 11.26% 9.28% 15.89% 29.49% 14.03% 11.03%
Return on Assets (ROA)
3.95% 5.72% 5.79% 8.88% 6.96% 6.77% 5.54% 9.92% 20.55% 8.99% 6.89%
Return on Common Equity (ROCE)
13.67% 15.64% 19.51% 29.25% 24.16% 23.18% 19.83% 42.00% 81.01% 39.95% 32.27%
Return on Equity Simple (ROE_SIMPLE)
14.81% 0.00% 16.58% 15.33% 13.68% 0.00% 15.07% 33.72% 33.37% 0.00% 25.61%
Net Operating Profit after Tax (NOPAT)
949 1,181 857 937 803 831 564 563 1,139 584 536
NOPAT Margin
11.80% 16.87% 17.06% 19.15% 16.79% 15.87% 13.46% 15.08% 25.19% 11.60% 9.07%
Net Nonoperating Expense Percent (NNEP)
1.03% 0.73% 0.71% 0.97% 1.02% 0.87% 0.66% 0.75% 0.72% 0.76% 0.79%
Return On Investment Capital (ROIC_SIMPLE)
1.75% 2.18% - - - 2.18% - - - 2.89% -
Cost of Revenue to Revenue
70.31% 64.23% 60.26% 59.07% 60.59% 63.06% 66.82% 66.51% 74.03% 77.36% 80.71%
SG&A Expenses to Revenue
8.14% 9.63% 10.19% 10.01% 10.17% 9.09% 7.35% 7.93% 5.29% 5.47% 4.02%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
14.52% 13.37% 17.28% 15.82% 17.15% 15.95% 15.54% 13.75% -7.14% 7.61% 7.46%
Earnings before Interest and Taxes (EBIT)
1,222 1,593 1,145 1,233 1,071 1,145 761 750 1,505 757 692
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,602 1,937 1,419 1,495 1,325 1,405 938 920 1,667 914 849
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.90 3.41 3.15 2.81 2.77 2.34 1.65 3.58 3.67 4.02 3.24
Price to Tangible Book Value (P/TBV)
6.03 9.83 5.09 4.57 4.52 3.77 2.76 3.99 4.10 4.55 3.69
Price to Revenue (P/Rev)
2.48 2.67 2.67 2.46 2.54 2.18 1.54 1.34 1.22 1.17 0.90
Price to Earnings (P/E)
20.44 19.13 19.02 18.37 20.28 14.50 10.97 10.61 11.00 15.18 12.68
Dividend Yield
4.03% 3.99% 4.31% 4.83% 4.93% 5.77% 6.32% 6.55% 6.42% 6.40% 8.16%
Earnings Yield
4.89% 5.23% 5.26% 5.44% 4.93% 6.89% 9.12% 9.42% 9.09% 6.59% 7.89%
Enterprise Value to Invested Capital (EV/IC)
1.77 1.78 1.84 1.81 1.79 1.60 1.29 1.96 1.99 2.00 1.72
Enterprise Value to Revenue (EV/Rev)
3.69 4.25 3.96 3.50 3.66 3.28 2.68 1.96 1.77 1.73 1.47
Enterprise Value to EBITDA (EV/EBITDA)
14.29 14.92 13.97 12.96 14.29 11.77 10.56 8.65 8.89 11.40 10.16
Enterprise Value to EBIT (EV/EBIT)
17.75 18.28 17.17 15.90 17.60 13.94 12.42 10.16 10.44 13.97 12.52
Enterprise Value to NOPAT (EV/NOPAT)
23.51 24.40 23.00 21.35 23.76 18.74 16.46 13.34 13.64 18.06 16.34
Enterprise Value to Operating Cash Flow (EV/OCF)
17.74 18.85 16.48 15.03 17.28 13.12 11.86 10.31 10.35 13.35 11.47
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.31 13.22 21.79 19.33
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.45 1.45 1.67 1.31 1.34 1.31 1.35 1.77 1.85 2.11 2.19
Long-Term Debt to Equity
1.35 1.40 1.59 1.22 1.24 1.29 1.32 1.77 1.78 1.97 1.90
Financial Leverage
1.30 1.28 1.39 1.35 1.36 1.42 1.47 1.89 1.91 2.07 2.18
Leverage Ratio
2.82 2.81 2.86 2.87 2.92 2.99 3.02 3.64 3.69 3.84 3.98
Compound Leverage Factor
2.05 2.34 2.28 2.38 2.31 2.37 2.36 2.98 3.38 3.18 3.24
Debt to Total Capital
59.16% 59.17% 62.49% 56.69% 57.23% 56.79% 57.47% 63.95% 64.97% 67.82% 68.69%
Short-Term Debt to Total Capital
4.17% 1.95% 2.79% 3.98% 4.04% 1.27% 1.30% 0.00% 2.46% 4.58% 9.06%
Long-Term Debt to Total Capital
54.99% 57.22% 59.70% 52.72% 53.18% 55.52% 56.17% 63.95% 62.51% 63.24% 59.63%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
1.40% 9.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
39.45% 31.43% 37.51% 43.31% 42.77% 43.21% 42.53% 36.05% 35.03% 32.18% 31.31%
Debt to EBITDA
4.97 5.19 4.99 4.24 4.80 4.39 4.96 2.94 3.10 4.02 4.20
Net Debt to EBITDA
4.57 4.70 4.54 3.85 4.36 3.95 4.49 2.72 2.76 3.72 3.95
Long-Term Debt to EBITDA
4.62 5.02 4.76 3.94 4.46 4.30 4.85 2.94 2.98 3.75 3.64
Debt to NOPAT
8.17 8.49 8.21 6.98 7.97 7.00 7.73 4.54 4.76 6.37 6.75
Net Debt to NOPAT
7.52 7.68 7.48 6.35 7.24 6.28 7.00 4.19 4.23 5.90 6.35
Long-Term Debt to NOPAT
7.59 8.21 7.84 6.49 7.41 6.84 7.56 4.54 4.58 5.94 5.86
Altman Z-Score
1.33 1.28 1.42 1.53 1.46 1.34 1.06 1.88 2.04 1.88 1.64
Noncontrolling Interest Sharing Ratio
1.96% 13.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.67 0.90 0.81 0.62 0.70 0.90 0.97 1.23 1.18 0.84 0.67
Quick Ratio
0.45 0.65 0.51 0.34 0.42 0.59 0.56 0.74 0.84 0.57 0.42
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-14,416 -14,171 -5,451 -16,781 -16,879 -16,095 -16,448 569 1,227 216 219
Operating Cash Flow to CapEx
143.72% 286.65% 267.31% 298.54% 116.41% 250.08% 231.16% 253.11% 422.49% 329.11% 188.38%
Free Cash Flow to Firm to Interest Expense
-32.61 -31.63 -16.77 -56.31 -56.26 -52.77 -76.50 3.16 7.39 1.30 1.31
Operating Cash Flow to Interest Expense
2.05 3.60 3.85 4.80 1.99 4.94 4.28 4.29 7.36 6.27 3.69
Operating Cash Flow Less CapEx to Interest Expense
0.62 2.34 2.41 3.19 0.28 2.97 2.43 2.59 5.61 4.36 1.73
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.46 0.40 0.42 0.56 0.52 0.52 0.51 0.79 0.89 0.93 0.94
Accounts Receivable Turnover
11.48 10.77 14.12 16.23 12.58 10.92 10.59 13.71 15.14 15.06 14.12
Inventory Turnover
17.32 19.19 13.58 18.52 15.23 19.56 14.69 23.49 26.22 30.83 24.96
Fixed Asset Turnover
0.63 0.55 0.61 0.71 0.68 0.67 0.67 0.96 1.09 1.14 1.17
Accounts Payable Turnover
8.20 7.10 8.46 11.05 8.99 8.16 7.64 10.34 12.05 13.31 11.82
Days Sales Outstanding (DSO)
31.81 33.90 25.85 22.48 29.02 33.42 34.47 26.63 24.11 24.24 25.86
Days Inventory Outstanding (DIO)
21.08 19.02 26.87 19.71 23.96 18.66 24.84 15.54 13.92 11.84 14.62
Days Payable Outstanding (DPO)
44.49 51.43 43.17 33.02 40.61 44.72 47.78 35.30 30.30 27.42 30.87
Cash Conversion Cycle (CCC)
8.40 1.49 9.55 9.17 12.37 7.37 11.53 6.87 7.74 8.66 9.61
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
52,075 51,672 42,773 36,964 36,710 36,320 36,465 19,246 19,028 19,394 19,453
Invested Capital Turnover
0.56 0.49 0.50 0.68 0.64 0.63 0.63 1.00 1.13 1.17 1.18
Increase / (Decrease) in Invested Capital
15,365 15,352 6,308 17,718 17,682 16,926 17,012 -6.33 -88 368 317
Enterprise Value (EV)
92,197 92,155 78,860 66,931 65,584 58,008 46,878 37,633 37,937 38,795 33,499
Market Capitalization
61,947 58,030 53,227 47,031 45,587 38,553 26,930 25,819 26,178 26,128 20,478
Book Value per Share
$34.22 $29.16 $28.91 $28.63 $28.15 $28.30 $36.41 $16.13 $15.95 $14.53 $14.13
Tangible Book Value per Share
$16.45 $10.11 $17.90 $17.65 $17.25 $17.54 $21.79 $14.46 $14.27 $12.84 $12.44
Total Capital
54,160 54,210 45,024 38,582 38,446 38,151 38,326 20,023 20,360 20,183 20,159
Total Debt
32,040 32,077 28,137 21,873 22,001 21,667 22,027 12,805 13,228 13,689 13,847
Total Long-Term Debt
29,781 31,018 26,880 20,339 20,447 21,183 21,527 12,805 12,728 12,764 12,020
Net Debt
29,494 29,028 25,633 19,900 19,997 19,455 19,948 11,814 11,759 12,667 13,021
Capital Expenditures (CapEx)
629 562 468 479 512 603 398 305 289 316 327
Debt-free, Cash-free Net Working Capital (DFCFNWC)
51 -155 -3.00 -6.00 245 -198 106 240 207 202 431
Debt-free Net Working Capital (DFNWC)
192 578 576 30 310 140 390 346 887 422 453
Net Working Capital (NWC)
-2,067 -481 -681 -1,504 -1,244 -344 -110 346 387 -503 -1,373
Net Nonoperating Expense (NNE)
258 181 164 157 164 143 110 95 90 99 104
Net Nonoperating Obligations (NNO)
29,955 29,539 25,886 20,255 20,265 19,836 20,166 12,028 11,896 12,900 13,141
Total Depreciation and Amortization (D&A)
380 344 274 262 254 260 177 170 162 157 157
Debt-free, Cash-free Net Working Capital to Revenue
0.20% -0.71% -0.02% -0.03% 1.37% -1.12% 0.61% 1.25% 0.96% 0.90% 1.89%
Debt-free Net Working Capital to Revenue
0.77% 2.66% 2.89% 0.16% 1.73% 0.79% 2.23% 1.80% 4.13% 1.89% 1.99%
Net Working Capital to Revenue
-8.28% -2.22% -3.42% -7.87% -6.94% -1.95% -0.63% 1.80% 1.80% -2.25% -6.03%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.04 $1.59 $1.18 $1.33 $1.09 $1.12 $0.99 $1.04 $2.34 $1.09 $0.96
Adjusted Weighted Average Basic Shares Outstanding
611.40M 584.60M 584.80M 584.60M 584.20M 484.30M 457.30M 448.30M 448M 447.50M 447.68M
Adjusted Diluted Earnings per Share
$1.04 $1.57 $1.18 $1.33 $1.09 $1.11 $0.99 $1.04 $2.34 $1.09 $0.96
Adjusted Weighted Average Diluted Shares Outstanding
612.50M 586.50M 586.70M 585.80M 585.70M 485.40M 458.20M 449M 449M 448.40M 448.22M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
624.63M 624.34M 584.18M 584.07M 583.65M 583.16M 582.55M 447.67M 447.44M 447.22M 446.95M
Normalized Net Operating Profit after Tax (NOPAT)
982 1,181 865 937 803 831 658 563 1,139 584 536
Normalized NOPAT Margin
12.21% 16.87% 17.22% 19.15% 16.79% 15.87% 15.70% 15.08% 25.19% 11.60% 9.07%
Pre Tax Income Margin
11.04% 18.97% 18.16% 20.90% 17.72% 17.38% 14.20% 16.43% 30.50% 12.48% 9.54%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
2.76 3.56 3.52 4.14 3.57 3.75 3.54 4.17 9.07 4.56 4.14
NOPAT to Interest Expense
2.15 2.64 2.64 3.14 2.68 2.72 2.62 3.13 6.86 3.52 3.21
EBIT Less CapEx to Interest Expense
1.34 2.30 2.08 2.53 1.86 1.78 1.69 2.47 7.33 2.66 2.19
NOPAT Less CapEx to Interest Expense
0.72 1.38 1.20 1.54 0.97 0.75 0.77 1.43 5.12 1.61 1.25
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
75.16% 74.33% 81.79% 83.56% 88.48% 69.16% 69.30% 69.52% 70.67% 97.10% 103.29%
Augmented Payout Ratio
81.13% 79.43% 81.79% 83.56% 88.48% 69.16% 69.30% 69.52% 70.67% 97.10% 103.29%

Frequently Asked Questions About ONEOK's Financials

When does ONEOK's fiscal year end?

According to the most recent income statement we have on file, ONEOK's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has ONEOK's net income changed over the last 9 years?

ONEOK's net income appears to be on an upward trend, with a most recent value of $3.11 billion in 2024, rising from $379.20 million in 2015. The previous period was $2.66 billion in 2023. See ONEOK's forecast for analyst expectations on what’s next for the company.

What is ONEOK's operating income?
ONEOK's total operating income in 2024 was $4.99 billion, based on the following breakdown:
  • Total Gross Profit: $8.39 billion
  • Total Operating Expenses: $3.40 billion
How has ONEOK revenue changed over the last 9 years?

Over the last 9 years, ONEOK's total revenue changed from $7.76 billion in 2015 to $21.70 billion in 2024, a change of 179.5%.

How much debt does ONEOK have?

ONEOK's total liabilities were at $41.94 billion at the end of 2024, a 50.9% increase from 2023, and a 259.0% increase since 2015.

How much cash does ONEOK have?

In the past 9 years, ONEOK's cash and equivalents has ranged from $11.98 million in 2018 to $733 million in 2024, and is currently $733 million as of their latest financial filing in 2024.

How has ONEOK's book value per share changed over the last 9 years?

Over the last 9 years, ONEOK's book value per share changed from 1.60 in 2015 to 29.16 in 2024, a change of 1,717.4%.



This page (NYSE:OKE) was last updated on 5/29/2025 by MarketBeat.com Staff
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