ONEOK INC /NEW/ (OKE) closed fiscal year 2025 with a gross margin of 30.5 % and a net margin of 10.1 %.
ONEOK INC /NEW/ (OKE) closed fiscal year 2025 with a gross margin of 30.5 % and a net margin of 10.1 %. The same year shows an EBITDA margin of 21.6 % and an EBIT margin of 17.1 %. The free cash flow margin was 7.3 %. Against the previous year the gross margin moved −8.2 pp and the net margin −3.9 pp. Across the period the gross margin ranges between 12.0 % in 2008 and 40.2 % in 2020. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 13.43 % | 11.98 % | 18.49 % | 16.26 % | 16.08 % | 16.14 % | 13.90 % | 17.27 % | 27.34 % | 27.18 % | 21.65 % | 25.18 % | 33.22 % | 40.18 % | 25.90 % | 20.00 % | 32.52 % | 38.65 % | 30.50 % |
| EBITDA margin (%) | 7.79 % | 7.19 % | 10.84 % | 9.86 % | 9.94 % | 11.38 % | 9.43 % | 11.79 % | 17.40 % | 18.91 % | 14.77 % | 17.98 % | 23.52 % | 22.71 % | 19.46 % | 15.33 % | 27.39 % | 28.22 % | 21.57 % |
| EBIT margin (%) | 6.10 % | 5.68 % | 8.17 % | 7.43 % | 7.83 % | 9.36 % | 7.42 % | 9.38 % | 12.83 % | 14.53 % | 11.43 % | 14.58 % | 18.83 % | 15.94 % | 15.69 % | 12.54 % | 23.04 % | 22.99 % | 17.07 % |
| Net margin (%) | 2.26 % | 1.93 % | 2.83 % | 2.64 % | 2.44 % | 3.54 % | 2.25 % | 2.58 % | 3.16 % | 3.95 % | 3.19 % | 9.15 % | 12.58 % | 7.17 % | 9.07 % | 7.69 % | 15.04 % | 13.99 % | 10.09 % |
| FCF margin (%) | 1.08 % | -6.17 % | 6.12 % | 1.98 % | 0.14 % | -8.66 % | -8.10 % | -4.05 % | -2.13 % | 8.17 % | 6.60 % | 0.36 % | -18.71 % | -3.47 % | 11.18 % | 7.61 % | 15.99 % | 13.21 % | 7.28 % |
