Growth Metrics

Oneok (OKE) Net Margin (2016 - 2025)

Oneok has reported Net Margin over the past 17 years, most recently at 10.78% for Q4 2025.

  • Quarterly results put Net Margin at 10.78% for Q4 2025, down 241.0% from a year ago — trailing twelve months through Dec 2025 was 10.13% (down 386.0% YoY), and the annual figure for FY2025 was 10.09%, down 389.0%.
  • Net Margin for Q4 2025 was 10.78% at Oneok, down from 10.88% in the prior quarter.
  • Over the last five years, Net Margin for OKE hit a ceiling of 23.2% in Q1 2023 and a floor of 6.9% in Q2 2022.
  • Median Net Margin over the past 5 years was 10.81% (2025), compared with a mean of 11.26%.
  • Biggest five-year swings in Net Margin: surged 1873bps in 2021 and later tumbled -984bps in 2024.
  • Oneok's Net Margin stood at 7.0% in 2021, then surged by 38bps to 9.64% in 2022, then surged by 36bps to 13.14% in 2023, then grew by 0bps to 13.19% in 2024, then decreased by -18bps to 10.78% in 2025.
  • The last three reported values for Net Margin were 10.78% (Q4 2025), 10.88% (Q3 2025), and 10.82% (Q2 2025) per Business Quant data.