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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Oneok (OKE) Operating Margin (2016 - 2026)

Oneok has reported Operating Margin over the past 18 years, most recently at 14.85% for Q1 2026.

  • For Q1 2026, Operating Margin fell 32.0% year-over-year to 14.85%; the TTM value through Mar 2026 reached 16.9%, down 371.0%, while the annual FY2025 figure was 17.07%, 592.0% down from the prior year.
  • Operating Margin for Q1 2026 was 14.85% at Oneok, down from 16.9% in the prior quarter.
  • Over five years, Operating Margin peaked at 33.11% in Q1 2023 and troughed at 11.49% in Q2 2022.
  • A 5-year average of 18.67% and a median of 18.04% in 2025 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: surged 2095bps in 2023 and later plummeted -1086bps in 2024.
  • Year by year, Operating Margin stood at 15.02% in 2022, then surged by 40bps to 20.99% in 2023, then rose by 7bps to 22.4% in 2024, then dropped by -25bps to 16.9% in 2025, then dropped by -12bps to 14.85% in 2026.
  • Business Quant data shows Operating Margin for OKE at 14.85% in Q1 2026, 16.9% in Q4 2025, and 18.04% in Q3 2025.