Oneok (OKE) FCF Margin (2009 - 2026)
Oneok's FCF Margin came in at 3.55% for Q3 2026, down 5.95 percentage points from 9.50% a year earlier and down 8.40 percentage points from the prior quarter.
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Analysis
Oneok (OKE) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Oneok reported FCF Margin of 5.85%, down 3.40 percentage points year-over-year; for FY2025, it was 7.28%, down 5.94 percentage points from FY2024.
- FCF Margin carries a five-year change of +10.75 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 13.21% in FY2024 (-2.77 pp), 15.99% in FY2023 (+8.38 pp), 7.61% in FY2022 (-3.57 pp) and 11.18% in FY2021 (+14.65 pp).
- The five-year range for quarterly FCF Margin is 0.73% (Q1 2026) to 20.61% (Q1 2023).
- Year-over-year, FCF Margin increased in two of the last eight quarters, with an average year-over-year change of -3.94 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q1 2023 (a gain of 16.83 percentage points), and the weakest in Q1 2024 (a drop of 18.86 percentage points).
- Business Quant data shows OKE's FCF Margin at 11.95% (Q2 2026), 0.73% (Q1 2026) and 6.35% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.21 Bn | 99.81 Bn | 4.84 Bn | 3.87% |
| 2 | Williams Companies | 83.97 Bn | 81.00 Bn | 2.59 Bn | -30.53% |
| 3 | Enterprise Products Partners | 79.65 Bn | 78.01 Bn | - | 6.28% |
| 4 | Kinder Morgan | 69.38 Bn | 68.24 Bn | 2.97 Bn | 12.03% |
| 5 | Energy Transfer | 66.22 Bn | 62.05 Bn | 6.57 Bn | 5.76% |
| 6 | Tc Energy | 66.00 Bn | 62.09 Bn | - | - |
| 7 | Targa Resources | 60.20 Bn | 59.65 Bn | 2.02 Bn | 2.15% |
| 8 | Cheniere Energy | 59.73 Bn | 53.88 Bn | 2.97 Bn | 28.09% |
| 9 | Mplx | 57.64 Bn | 51.66 Bn | 3.19 Bn | 18.92% |
| 10 | Oneok | 54.55 Bn | 53.95 Bn | 2.84 Bn | 3.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.55% |
| Jun 30, 2026 | 11.95% |
| Mar 31, 2026 | 0.73% |
| Dec 31, 2025 | 6.35% |
| Sep 30, 2025 | 9.50% |
| Jun 30, 2025 | 9.84% |
| Mar 31, 2025 | 3.42% |
| Dec 31, 2024 | 14.99% |
| Sep 30, 2024 | 15.59% |
| Jun 30, 2024 | 19.43% |
| Mar 31, 2024 | 1.76% |
| Dec 31, 2023 | 17.29% |
| Sep 30, 2023 | 12.46% |
| Jun 30, 2023 | 12.51% |
| Mar 31, 2023 | 20.61% |
| Dec 31, 2022 | 14.39% |
| Sep 30, 2022 | 4.89% |
| Jun 30, 2022 | 8.09% |
| Mar 31, 2022 | 3.78% |
| Dec 31, 2021 | 15.65% |
API Access
Oneok FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=OKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "OKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=OKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();