Growth Metrics

Oneok (OKE) EBITDA Margin (2016 - 2025)

Oneok has reported EBITDA Margin over the past 17 years, most recently at 16.9% for Q4 2025.

  • Quarterly results put EBITDA Margin at 16.9% for Q4 2025, down 550.0% from a year ago — trailing twelve months through Dec 2025 was 17.07% (down 592.0% YoY), and the annual figure for FY2025 was 21.23%, down 683.0%.
  • EBITDA Margin for Q4 2025 was 16.9% at Oneok, down from 18.04% in the prior quarter.
  • Over the last five years, EBITDA Margin for OKE hit a ceiling of 33.11% in Q1 2023 and a floor of 11.49% in Q2 2022.
  • Median EBITDA Margin over the past 5 years was 18.04% (2021), compared with a mean of 18.4%.
  • Biggest five-year swings in EBITDA Margin: surged 2471bps in 2021 and later crashed -1086bps in 2024.
  • Oneok's EBITDA Margin stood at 12.03% in 2021, then grew by 25bps to 15.02% in 2022, then skyrocketed by 40bps to 20.99% in 2023, then increased by 7bps to 22.4% in 2024, then fell by -25bps to 16.9% in 2025.
  • The last three reported values for EBITDA Margin were 16.9% (Q4 2025), 18.04% (Q3 2025), and 18.14% (Q2 2025) per Business Quant data.