Oneok (OKE) FCF Margin (2009 - 2026)
Oneok's (OKE) quarterly FCF Margin came in at 0.73% in Q1 2026, down 269.0% year-on-year from 0.43% in Q1 2025, and down 88.55% quarter-over-quarter from 6.35% in Q4 2025.
Oneok (OKE) FCF Margin (2009 - 2026) Analysis & Trends
Oneok's FCF Margin history runs 18 years deep, the most recent figure standing at 0.73% for Q1 2026.
- On a quarterly basis, FCF Margin fell 269.0% year-over-year to 0.73% in Q1 2026; TTM through Mar 2026 was 6.37%, a 588.0% decrease from a year earlier, with the FY2025 full-year figure at 7.28%, down 594.0% from the prior year.
- FCF Margin declined to 0.73% in Q1 2026 per OKE's latest filing, from 6.35% in the prior quarter.
- Across five years, FCF Margin topped out at 20.61% in Q1 2023 and bottomed at 0.73% in Q1 2026.
- The 5-year median for FCF Margin is 9.84% (2025), against an average of 10.33%.
- Across the five-year window, FCF Margin jumped 1683 bps in 2023 and sank 1886 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 14.39% in 2022, then advanced by 20 bps to 17.29% in 2023, then decreased by 13 bps to 14.99% in 2024, then sank by 58 bps to 6.35% in 2025, then plunged by 89 bps to 0.73% in 2026.
- Per Business Quant, the three latest OKE FCF Margin figures stand at 0.73% (Q1 2026), 6.35% (Q4 2025), and 9.5% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 53.09% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 15.79% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 21.84% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 3.38% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.53% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 5.26% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | -3.91% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 0.73% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 32.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 5.44% |
| Jun 30, 2021 | 11.72% |