Oneok (OKE) FCF Margin (2009 - 2026)
Oneok (OKE) recorded quarterly FCF Margin of 0.73% in Q1 2026, down 88.55% quarter-over-quarter from 6.35% in Q4 2025, and down 269.0% on a YoY basis from 0.43% in Q1 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.
- In Q1 2026, FCF Margin fell 269.0% year-over-year to 0.73%; the TTM figure through Mar 2026 stood at 6.37% (down 588.0% YoY), while the FY2025 annual figure was 7.28%, down 594.0% from the prior year.
- FCF Margin was 0.73% for Q1 2026 at Oneok, down from 6.35% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 20.61% in Q1 2023 to a low of 0.73% in Q1 2026.
- Historically, FCF Margin has averaged 10.33% across 5 years, with a median of 9.84% in 2025.
- The sharpest annual moves came in 2023 and 2024: FCF Margin surged 1683 bps in 2023, then sank 1886 bps in 2024.
- A 5-year view of FCF Margin shows it 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 tumbled by 58 bps to 6.35% in 2025, then slumped by 89 bps to 0.73% in 2026.
- The last three FCF Margin figures came in at 0.73% (Q1 2026), 6.35% (Q4 2025), and 9.5% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -0.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 3.38% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 28.13% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 5.26% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 25.41% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -3.91% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 0.73% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 13.15% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | 5.86% |
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% |