Operating Profit Margin
since 2005
Calculation
ONEOK Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 12.54% | = | 100 | × | 2,807,419) | ÷ | 22,386,892) |
| Dec 31, 2021 | 15.70% | = | 100 | × | 2,596,259) | ÷ | 16,540,309) |
| Dec 31, 2020 | 15.94% | = | 100 | × | 1,361,357) | ÷ | 8,542,242) |
| Dec 31, 2019 | 18.83% | = | 100 | × | 1,914,353) | ÷ | 10,164,367) |
| Dec 31, 2018 | 14.58% | = | 100 | × | 1,835,464) | ÷ | 12,593,196) |
| Dec 31, 2017 | 11.34% | = | 100 | × | 1,380,895) | ÷ | 12,173,907) |
| Dec 31, 2016 | 14.41% | = | 100 | × | 1,285,676) | ÷ | 8,920,934) |
| Dec 31, 2015 | 12.83% | = | 100 | × | 996,159) | ÷ | 7,763,206) |
| Dec 31, 2014 | 9.38% | = | 100 | × | 1,143,571) | ÷ | 12,195,091) |
| Dec 31, 2013 | 6.35% | = | 100 | × | 926,734) | ÷ | 14,602,717) |
| Dec 31, 2012 | 8.73% | = | 100 | × | 1,102,500) | ÷ | 12,632,559) |
| Dec 31, 2011 | 7.83% | = | 100 | × | 1,158,913) | ÷ | 14,805,794) |
| Dec 31, 2010 | 7.24% | = | 100 | × | 944,017) | ÷ | 13,030,051) |
| Dec 31, 2009 | 8.05% | = | 100 | × | 894,640) | ÷ | 11,111,651) |
| Dec 31, 2008 | 5.68% | = | 100 | × | 917,004) | ÷ | 16,157,433) |
| Dec 31, 2007 | 6.10% | = | 100 | × | 822,543) | ÷ | 13,477,414) |
| Dec 31, 2006 | 7.24% | = | 100 | × | 861,566) | ÷ | 11,896,104) |
| Dec 31, 2005 | 6.30% | = | 100 | × | 798,972) | ÷ | 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 operating profit margin demonstrates a long-term upward trajectory, transitioning from a period of relative stability to a phase of significant expansion and subsequent moderate normalization.
- Period of Relative Stability (2005–2013)
- During this interval, operating profit margins remained within a narrow band, fluctuating between a low of 5.68% in 2008 and a high of 8.73% in 2012. While revenues exhibited significant volatility—peaking at 16.16 billion dollars in 2008 before dropping to 11.11 billion dollars in 2009—operating income maintained a steady gradual increase, suggesting a consistent relationship between cost structures and revenue generation.
- Margin Expansion Phase (2014–2019)
- A marked increase in operational efficiency is observed starting in 2014, with the operating profit margin climbing from 9.38% to a peak of 18.83% in 2019. A notable divergence occurred in 2015, where the margin rose to 12.83% despite a sharp decline in total revenues to 7.76 billion dollars, indicating a successful reduction in operating expenses or a shift toward higher-margin revenue streams.
- Recent Volatility and Normalization (2020–2022)
- A contraction in margins was observed in 2020, falling to 15.94% amid a decline in both revenues and operating income. Between 2021 and 2022, operating income reached its historical peak at 2.81 billion dollars. However, the operating profit margin compressed to 12.54% by the end of 2022. This compression occurred because revenue growth, which surged to 22.39 billion dollars, significantly outpaced the growth of operating income during this period.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?