ONEOK, Inc. OKE
88.63
(2.55)
(2.80%)
as of 25 Sep
- Market cap
- $57.5B
- P/E
- 15.3×
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ONEOK, Inc. (OKE) Gross margin
ONEOK, Inc.'s gross margin over the twelve months to 30 June 2026 was 27.2%, down 3.3 percentage points from fiscal 2025 (30.5%). Over the past ten years it has ranged from 20.0% (fiscal 2022) to 40.2% (fiscal 2020); the current reading is higher than 64% of that period. That is below the Oil & Gas Midstream industry median of 58.8% and below the Energy sector median of 49.5%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 30.5% | (8.15) |
| FY2024 | 38.7% | 6.13 |
| FY2023 | 32.5% | 12.52 |
| FY2022 | 20.0% | (5.89) |
| FY2021 | 25.9% | (14.29) |
| FY2020 | 40.2% | 6.96 |
| FY2019 | 33.2% | 8.04 |
| FY2018 | 25.2% | 3.53 |
| FY2017 | 21.7% | (5.53) |
| FY2016 | 27.2% | (0.16) |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 23.3% | (3.37) |
| Mar 2026 | 26.7% | (2.77) |
| Dec 2025 | 29.4% | (1.51) |
| Sep 2025 | 31.0% | (1.09) |
| 42 more quarters | Free account |
Against its own ten years
Low 20.0%
High 40.2%
Ten-year median
27.3%
Current reading's percentile
64
Gross margin against peers
| Company | Gross margin |
|---|---|
| WMB Williams Companies, Inc. (The) compare | 82.8% |
| TRP TC Energy Corporation compare | 70.4% |
| KMI Kinder Morgan, Inc. compare | 66.6% |
| MPLX MPLX LP compare | 59.7% |
| TRGP Targa Resources, Inc. compare | 43.2% |
| LNG Cheniere Energy, Inc. compare | 38.5% |
| OKE ONEOK, Inc. | 27.2% |
| ET Energy Transfer LP compare | 23.6% |
| EPD Enterprise Products Partners L.P. compare | 13.3% |
| Oil & Gas Midstream industry median | 58.8% |
| Energy sector median | 49.5% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on OKE
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement