ONEOK, Inc. (OKE)
Energy · Oil & Gas Midstream · NYSE
ONEOK, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.92B | $12.17B | $12.59B | $10.16B | $8.54B | $16.54B | $22.39B | $17.68B | $21.70B | $33.63B |
| Gross profit | $2.42B | $2.64B | $3.17B | $3.38B | $3.43B | $4.28B | $4.48B | $5.75B | $8.39B | $10.26B |
| Net income | $352.04M | $387.84M | $1.15B | $1.28B | $612.81M | $1.50B | $1.72B | $2.66B | $3.03B | $3.39B |
| Net margin | 3.9% | 3.2% | 9.1% | 12.6% | 7.2% | 9.1% | 7.7% | 15.0% | 14.0% | 10.1% |
Source: ONEOK, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into OKE stock?
At today's market cap of $55.31B, ONEOK, Inc. is priced for free-cash-flow growth of about 9.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.45B from the FY ending 2025-12-31). For comparison, revenue 31.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of ONEOK, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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ONEOK, Inc. financial history by metric
About ONEOK, Inc.
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
ONEOK, Inc. — frequently asked questions
What is ONEOK, Inc.'s revenue?
ONEOK, Inc. (OKE) reported revenue of $33.63B for fiscal year 2025, up 55.0% from the prior year, according to its SEC filings.
Is ONEOK, Inc. profitable?
Yes. OKE earned net income of $3.39B in fiscal 2025, a net margin of 10.1%.
What is OKE's P/E ratio?
ONEOK, Inc. trades at a price-to-earnings ratio of about 15.6 based on the latest data in our nightly-refreshed cache.
How fast is ONEOK, Inc. growing?
OKE's revenue grew at roughly 31.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does ONEOK, Inc. have?
As of fiscal year 2025, OKE carried roughly $32.82B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is ONEOK, Inc.'s gross margin?
OKE's gross margin was 30.5% in fiscal 2025 — gross profit of $10.26B on revenue of $33.63B.
What is ONEOK, Inc.'s market cap?
ONEOK, Inc. (OKE) has a market capitalization of about $55.31B, based on the latest data in our nightly-refreshed cache.
When does ONEOK, Inc.'s fiscal year end?
OKE's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into OKE stock?
At today's market cap of $55.31B, ONEOK, Inc. is priced for free-cash-flow growth of about 9.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.45B from the FY ending 2025-12-31). For comparison, revenue 31.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from ONEOK, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.