Net Profit Margin
since 2005
Calculation
ONEOK Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 7.69% | = | 100 | × | 1,722,221) | ÷ | 22,386,892) |
| Dec 31, 2021 | 9.07% | = | 100 | × | 1,499,706) | ÷ | 16,540,309) |
| Dec 31, 2020 | 7.17% | = | 100 | × | 612,809) | ÷ | 8,542,242) |
| Dec 31, 2019 | 12.58% | = | 100 | × | 1,278,577) | ÷ | 10,164,367) |
| Dec 31, 2018 | 9.15% | = | 100 | × | 1,151,703) | ÷ | 12,593,196) |
| Dec 31, 2017 | 3.19% | = | 100 | × | 387,841) | ÷ | 12,173,907) |
| Dec 31, 2016 | 3.95% | = | 100 | × | 352,039) | ÷ | 8,920,934) |
| Dec 31, 2015 | 3.16% | = | 100 | × | 244,977) | ÷ | 7,763,206) |
| Dec 31, 2014 | 2.58% | = | 100 | × | 314,107) | ÷ | 12,195,091) |
| Dec 31, 2013 | 1.83% | = | 100 | × | 266,533) | ÷ | 14,602,717) |
| Dec 31, 2012 | 2.85% | = | 100 | × | 360,619) | ÷ | 12,632,559) |
| Dec 31, 2011 | 2.44% | = | 100 | × | 360,594) | ÷ | 14,805,794) |
| Dec 31, 2010 | 2.57% | = | 100 | × | 334,632) | ÷ | 13,030,051) |
| Dec 31, 2009 | 2.75% | = | 100 | × | 305,451) | ÷ | 11,111,651) |
| Dec 31, 2008 | 1.93% | = | 100 | × | 311,909) | ÷ | 16,157,433) |
| Dec 31, 2007 | 2.26% | = | 100 | × | 304,921) | ÷ | 13,477,414) |
| Dec 31, 2006 | 2.57% | = | 100 | × | 306,312) | ÷ | 11,896,104) |
| Dec 31, 2005 | 4.31% | = | 100 | × | 546,545) | ÷ | 12,676,230) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial data reveals several noteworthy trends over the analyzed period. Net income exhibited fluctuations with a general upward trajectory, notably peaking in 2018 and again reaching new highs in 2021 and 2022. Despite intermittent declines, the overall growth in net income suggests improving profitability over time.
Revenues displayed more variability. There was a significant rise in revenues reaching a high in 2008, followed by a decline in subsequent years. After 2014, revenues initially dropped but then experienced a strong recovery, culminating in substantial increases in 2021 and 2022. This pattern indicates cyclical revenue changes potentially influenced by external market factors or operational adjustments.
The net profit margin shows a clear increasing trend with some volatility. From relatively low single-digit percentages in the early years, the margin improved significantly starting in 2013, peaking in 2018 and maintaining relatively high levels in the subsequent years. This improvement in profitability signifies better cost management, higher operational efficiency, or a more favorable product/service mix.
- Net Income:
- Experienced fluctuations but with an upward overall trend; notable peaks in 2018, 2021, and 2022 indicate enhanced profitability.
- Revenues:
- Displayed cyclical patterns with a peak in 2008, a decline through mid-2010s, and strong growth post-2016, culminating in record levels in 2021 and 2022.
- Net Profit Margin:
- Showed a gradual increase from early 2000s values below 3% to highs exceeding 9% by late 2010s, indicating improved profitability margins despite some year-to-year variability.
Comparison to Competitors
ONEOK Inc., net profit margin, long-term trends, comparison to competitors
| ONEOK Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 7.69% | 15.05% | 23.80% | 13.98% | 36.32% |
| Dec 31, 2021 | 9.07% | 10.04% | 17.63% | 8.33% | 8.95% |
| Dec 31, 2020 | 7.17% | -5.87% | -14.38% | -12.57% | -83.28% |
| Dec 31, 2019 | 12.58% | 2.09% | 22.07% | 5.61% | -3.27% |
| Dec 31, 2018 | 9.15% | 9.33% | 17.18% | 7.46% | 23.18% |
| Dec 31, 2017 | 3.19% | 6.83% | -2.94% | 8.31% | 10.48% |
| Dec 31, 2016 | 3.95% | -0.45% | -15.26% | 3.59% | -5.69% |
| Dec 31, 2015 | 3.16% | 3.53% | -14.98% | 6.22% | -62.73% |
| Dec 31, 2014 | 2.58% | 9.60% | 13.08% | 8.25% | 3.19% |
| Dec 31, 2013 | 1.83% | 9.73% | 16.83% | 7.74% | 24.14% |
| Dec 31, 2012 | 2.85% | 11.35% | 14.54% | 9.90% | 19.02% |
| Dec 31, 2011 | 2.44% | 11.01% | 5.08% | 8.79% | 28.28% |
| Dec 31, 2010 | 2.57% | 9.60% | 6.00% | 8.23% | 23.79% |
| Dec 31, 2009 | 2.75% | 6.26% | 3.25% | 6.39% | 18.92% |
| Dec 31, 2008 | 1.93% | 9.03% | -7.06% | 9.84% | 28.31% |
| Dec 31, 2007 | 2.26% | 8.73% | 6.34% | 10.40% | 28.75% |
| Dec 31, 2006 | 2.57% | 8.36% | 8.47% | 10.81% | 23.68% |
| Dec 31, 2005 | 4.31% | 7.28% | 7.54% | 10.07% | 34.73% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
ONEOK Inc., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)
| ONEOK Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2022 | 7.69% | 16.44% |
| Dec 31, 2021 | 9.07% | 9.73% |
| Dec 31, 2020 | 7.17% | -14.70% |
| Dec 31, 2019 | 12.58% | 5.30% |
| Dec 31, 2018 | 9.15% | 9.35% |
| Dec 31, 2017 | 3.19% | 7.10% |
| Dec 31, 2016 | 3.95% | 0.87% |
| Dec 31, 2015 | 3.16% | 1.97% |
| Dec 31, 2014 | 2.58% | 8.89% |
| Dec 31, 2013 | 1.83% | 9.59% |
| Dec 31, 2012 | 2.85% | 10.98% |
| Dec 31, 2011 | 2.44% | 8.89% |
| Dec 31, 2010 | 2.57% | 8.42% |
| Dec 31, 2009 | 2.75% | 5.92% |
| Dec 31, 2008 | 1.93% | 5.96% |
| Dec 31, 2007 | 2.26% | 9.45% |
| Dec 31, 2006 | 2.57% | 9.90% |
| Dec 31, 2005 | 4.31% | 9.24% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
ONEOK Inc., net profit margin, long-term trends, comparison to industry (energy)
| ONEOK Inc. | Energy | |
|---|---|---|
| Dec 31, 2022 | 7.69% | 16.28% |
| Dec 31, 2021 | 9.07% | 9.67% |
| Dec 31, 2020 | 7.17% | -16.81% |
| Dec 31, 2019 | 12.58% | 2.84% |
| Dec 31, 2018 | 9.15% | 9.17% |
| Dec 31, 2017 | 3.19% | 6.28% |
| Dec 31, 2016 | 3.95% | 0.38% |
| Dec 31, 2015 | 3.16% | 2.26% |
| Dec 31, 2014 | 2.58% | 9.05% |
| Dec 31, 2013 | 1.83% | 9.91% |
| Dec 31, 2012 | 2.85% | 11.09% |
| Dec 31, 2011 | 2.44% | 9.04% |
| Dec 31, 2010 | 2.57% | 8.66% |
| Dec 31, 2009 | 2.75% | 6.20% |
| Dec 31, 2008 | 1.93% | 6.34% |
| Dec 31, 2007 | 2.26% | 9.80% |
| Dec 31, 2006 | 2.57% | 10.13% |
| Dec 31, 2005 | 4.31% | 9.36% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).