Oneok annual operating margin
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2025
Oneok Operating Margin Growth & History (OKE)
Oneok's operating margin was 17.07% for fiscal 2025.
View full Oneok company overviewOneok annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 17.07% | −5.92 pp |
| 2024 | 2024-12-31 | 22.99% | −0.04 pp |
| 2023 | 2023-12-31 | 23.04% | +10.50 pp |
| 2022 | 2022-12-31 | 12.54% | −3.16 pp |
| 2021 | 2021-12-31 | 15.70% | −0.24 pp |
| 2020 | 2020-12-31 | 15.94% | −2.90 pp |
| 2019 | 2019-12-31 | 18.83% | +4.26 pp |
| 2018 | 2018-12-31 | 14.58% | +3.14 pp |
| 2017 | 2017-12-31 | 11.43% | −3.09 pp |
| 2016 | 2016-12-31 | 14.53% | +1.69 pp |
| 2015 | 2015-12-31 | 12.83% | +3.45 pp |
| 2014 | 2014-12-31 | 9.38% | +1.96 pp |
| 2013 | 2013-12-31 | 7.42% | −1.94 pp |
| 2012 | 2012-12-31 | 9.36% | +1.53 pp |
| 2011 | 2011-12-31 | 7.83% | +0.39 pp |
| 2010 | 2010-12-31 | 7.43% | −0.74 pp |
| 2009 | 2009-12-31 | 8.17% | +2.49 pp |
| 2008 | 2008-12-31 | 5.68% | −0.43 pp |
| 2007 | 2007-12-31 | 6.10% | — |
Oneok quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 13.22% | −4.92 pp |
| Q1 2026 | 2026-03-31 | 14.85% | −0.32 pp |
| Q4 2025 | 2025-12-31 | 16.90% | −5.50 pp |
| Q3 2025 | 2025-09-30 | 18.04% | −4.41 pp |
| Q2 2025 | 2025-06-30 | 18.14% | −6.97 pp |
| Q1 2025 | 2025-03-31 | 15.17% | −7.09 pp |
| Q4 2024 | 2024-12-31 | 22.40% | +1.41 pp |
| Q3 2024 | 2024-09-30 | 22.46% | +4.82 pp |
| Q2 2024 | 2024-06-30 | 25.11% | +5.36 pp |
| Q1 2024 | 2024-03-31 | 22.25% | −10.86 pp |
| Q4 2023 | 2023-12-31 | 20.99% | +5.97 pp |
| Q3 2023 | 2023-09-30 | 17.64% | +5.81 pp |
| Q2 2023 | 2023-06-30 | 19.75% | +8.26 pp |
| Q1 2023 | 2023-03-31 | 33.11% | +20.95 pp |
| Q4 2022 | 2022-12-31 | 15.02% | +3.00 pp |
| Q3 2022 | 2022-09-30 | 11.84% | −2.89 pp |
| Q2 2022 | 2022-06-30 | 11.49% | −6.55 pp |
| Q1 2022 | 2022-03-31 | 12.16% | −8.65 pp |
| Q4 2021 | 2021-12-31 | 12.03% | −8.93 pp |
| Q3 2021 | 2021-09-30 | 14.72% | −10.59 pp |
| Q2 2021 | 2021-06-30 | 18.04% | −3.38 pp |
| Q1 2021 | 2021-03-31 | 20.81% | +24.71 pp |
| Q4 2020 | 2020-12-31 | 20.95% | +2.66 pp |
| Q3 2020 | 2020-09-30 | 25.32% | +4.01 pp |
| Q2 2020 | 2020-06-30 | 21.42% | +2.05 pp |
| Q1 2020 | 2020-03-31 | −3.91% | −20.77 pp |
| Q4 2019 | 2019-12-31 | 18.30% | +3.25 pp |
| Q3 2019 | 2019-09-30 | 21.30% | +6.70 pp |
| Q2 2019 | 2019-06-30 | 19.37% | +4.23 pp |
| Q1 2019 | 2019-03-31 | 16.86% | +3.33 pp |
| Q4 2018 | 2018-12-31 | 15.04% | +4.48 pp |
| Q3 2018 | 2018-09-30 | 14.60% | +2.40 pp |
| Q2 2018 | 2018-06-30 | 15.14% | +3.43 pp |
| Q1 2018 | 2018-03-31 | 13.53% | +2.00 pp |
| Q4 2017 | 2017-12-31 | 10.56% | −2.23 pp |
| Q3 2017 | 2017-09-30 | 12.20% | −1.77 pp |
| Q2 2017 | 2017-06-30 | 11.72% | −3.05 pp |
| Q1 2017 | 2017-03-31 | 11.53% | −6.02 pp |
| Q4 2016 | 2016-12-31 | 12.80% | +0.26 pp |
| Q3 2016 | 2016-09-30 | 13.97% | −1.04 pp |
| Q2 2016 | 2016-06-30 | 14.77% | +1.96 pp |
| Q1 2016 | 2016-03-31 | 17.55% | +6.67 pp |
| Q4 2015 | 2015-12-31 | 12.53% | +1.75 pp |
| Q3 2015 | 2015-09-30 | 15.00% | +5.67 pp |
| Q2 2015 | 2015-06-30 | 12.82% | +4.62 pp |
| Q1 2015 | 2015-03-31 | 10.88% | +1.58 pp |
| Q4 2014 | 2014-12-31 | 10.78% | +3.65 pp |
| Q3 2014 | 2014-09-30 | 9.34% | +1.96 pp |
| Q2 2014 | 2014-06-30 | 8.19% | −0.05 pp |
| Q1 2014 | 2014-03-31 | 9.30% | +2.36 pp |
| Q4 2013 | 2013-12-31 | 7.13% | −5.29 pp |
| Q3 2013 | 2013-09-30 | 7.38% | −0.64 pp |
| Q2 2013 | 2013-06-30 | 8.25% | −1.01 pp |
| Q1 2013 | 2013-03-31 | 6.94% | −2.61 pp |
| Q4 2012 | 2012-12-31 | 12.43% | +3.46 pp |
| Q3 2012 | 2012-09-30 | 8.02% | +0.96 pp |
| Q2 2012 | 2012-06-30 | 9.25% | +2.98 pp |
| Q1 2012 | 2012-03-31 | 9.54% | +0.81 pp |
| Q4 2011 | 2011-12-31 | 8.97% | +0.99 pp |
| Q3 2011 | 2011-09-30 | 7.06% | +0.71 pp |
| Q2 2011 | 2011-06-30 | 6.28% | −0.09 pp |
| Q1 2011 | 2011-03-31 | 8.73% | +0.13 pp |
| Q4 2010 | 2010-12-31 | 7.98% | +0.34 pp |
| Q3 2010 | 2010-09-30 | 6.35% | −1.00 pp |
| Q2 2010 | 2010-06-30 | 6.37% | −0.58 pp |
| Q1 2010 | 2010-03-31 | 8.60% | −1.91 pp |
| Q4 2009 | 2009-12-31 | 7.63% | +3.10 pp |
| Q3 2009 | 2009-09-30 | 7.35% | +3.20 pp |
| Q2 2009 | 2009-06-30 | 6.95% | — |
| Q1 2009 | 2009-03-31 | 10.50% | — |
| Q3 2008 | 2008-09-30 | 4.53% | — |
| Q2 2008 | 2008-06-30 | 4.15% | — |
Oneok operating margin trends
Over the last five reported fiscal years, Oneok's operating margin increased from 15.94% to 17.07%, a change of +1.13 percentage points. The latest reported quarter, Q2 2026, shows 13.22%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Oneok filings at SEC.gov ↗