Oneok

Energy Oil & Gas Storage & Transportation Tulsa, Oklahoma Last filing Feb 24, 2026 · FY2025

                    Revenue
                    FY2025
                
$33.6B
                    3y CAGR +14.5%
                    
                    P95
                    
                    +55.0%
                    
                    Net income
                    FY2025
                
$3.4B
                    Net margin +10.1%
                    
                    P37
                    
                    +11.8%
                    
                    Total assets
                    FY2025
                
$66.6B
                    ROA +5.1%
                    
                    P41
                    
                    +4.0%
                    
                    Operating cash flow
                    FY2025
                
$5.6B
                    FCF margin +7.3%
                    
                    P33
                    
                    +14.5%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

30 accounts · 5 years

Total assets $66.6B

Total liabilities $6.4B

Shareholders equity $22.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$78.0M -89.4%	$733.0M 116.9%	$338.0M 53.5%	$220.2M 50.4%	$146.4M
Accounts Receivable	$3.0B 29.4%	$2.3B 36.4%	$1.7B 11.3%	$1.5B 6.3%	$1.4B
Inventory	$948.0M 26.7%	$748.0M 17.1%	$639.0M 48.0%	$431.7M 0.9%	$427.9M
Prepaid Expenses	$452.0M 4.9%	$431.0M 71.0%	$252.0M 46.9%	$171.5M 3.5%	$165.7M
Other Current Assets	$452.0M 4.9%	$431.0M 71.0%	$252.0M 46.9%	$171.5M 3.5%	$165.7M
Total Current Assets	$4.5B 5.9%	$4.2B 36.4%	$3.1B 22.0%	$2.5B 7.3%	$2.4B
Property,Plant and Equipment	$47.9B 4.2%	$45.9B 40.5%	$32.7B 63.9%	$20.0B 3.3%	$19.3B
Goodwill	$8.1B -0.4%	$8.1B 63.4%	$5.0B 838.6%	$527.6M 0.0%	$527.6M
Intangible Assets	$2.9B -4.5%	$3.0B 130.9%	$1.3B 484.2%	$225.3M -4.4%	$235.7M
Long Term Investments	$2.9B 24.7%	$2.3B 23.6%	$1.9B 133.7%	$802.0M 0.6%	$797.6M
Other Noncurrent Assets	$444.0M -1.3%	$450.0M 41.1%	$319.0M -1.6%	$324.1M -11.5%	$366.5M
Total Assets	$66.6B 4.0%	$64.1B 44.7%	$44.3B 81.6%	$24.4B 3.2%	$23.6B
Liabilities
Accounts Payable	$2.8B 29.8%	$2.2B 39.8%	$1.6B 15.0%	$1.4B 2.0%	$1.3B
Accrued Liabilities	$499.0M -2.3%	$511.0M 34.1%	$381.0M 63.5%	$233.1M -1.1%	$235.6M
Current Portion of Long Term Debt	$1.2B 17.2%	$1.1B 118.8%	$484.0M -47.7%	$925.0M 3.3%	$895.8M
Other Current Liabilities	$750.0M 55.9%	$481.0M -11.1%	$541.0M 102.1%	$267.7M -10.9%	$300.4M
Total Current Liabilities	$6.4B 34.9%	$4.7B 36.7%	$3.5B 13.1%	$3.1B -4.2%	$3.2B
Long Term Debt	$30.8B -0.8%	$31.0B 46.4%	$21.2B 66.9%	$12.7B -0.4%	$12.7B
Deferred Tax Liabilities	$6.3B 16.5%	$5.5B 110.1%	$2.6B 49.2%	$1.7B -39.1%	$2.9B
Other Noncurrent Liabilities	$603.0M -19.4%	$748.0M 56.2%	$479.0M 44.7%	$331.1M -23.3%	$431.9M
Total Liabilities	$6.4B 34.9%	$4.7B 36.7%	$3.5B 13.1%	$3.1B -4.2%	$3.2B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$7.0M 16.7%	$6.0M 0.0%	$6.0M 26.3%	$4.7M 0.0%	$4.7M
Additional Paid In Capital	$21.0B 28.2%	$16.4B 0.2%	$16.3B 125.0%	$7.3B 0.5%	$7.2B
Retained Earnings	$2.4B 50.3%	$1.6B 81.9%	$868.0M 1622.4%	$50.4M	$0
Treasury Stock	$829.0M 2.7%	$807.0M 19.2%	$677.0M -4.1%	$706.2M -3.5%	$732.1M
Accumulated Other Comprehensive Income	$-27.0M 71.9%	$-96.0M -190.9%	$-33.0M 69.5%	$-108.3M 77.0%	$-471.4M
Noncontrolling Interest	$84.0M -98.4%	$5.1B	—	—	—
Total Stockholders Equity	$22.5B 32.0%	$17.0B 3.3%	$16.5B 153.8%	$6.5B 8.0%	$6.0B
Total Liabilitiesand Equity	$66.6B 4.0%	$64.1B 44.7%	$44.3B 81.6%	$24.4B 3.2%	$23.6B

Income Statement

Revenue, expense, and profitability

14 accounts · 5 years

Revenue $33.6B

Operating income $5.7B

Net income $3.4B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$33.6B 55.0%	$21.7B 22.7%	$17.7B -21.0%	$22.4B 35.3%	$16.5B
Expenses Cost of Revenue	$23.4B 75.6%	$13.3B 11.6%	$11.9B -33.4%	$17.9B 46.1%	$12.3B
Expenses Depreciation and Amortization	$1.5B 33.5%	$1.1B 47.5%	$769.0M 22.8%	$626.0M 0.6%	$622.0M
Expenses Share Based Compensation	$92.0M -9.8%	$102.0M 61.9%	$63.0M 18.9%	$53.0M -1.9%	$54.0M
Other Income Expense Operating Income	$5.7B 15.1%	$5.0B 22.5%	$4.1B 45.1%	$2.8B 8.1%	$2.6B
Other Income Expense Other Income/expense	$146.0M 175.5%	$53.0M -40.4%	$89.0M 406.9%	$-29.0M -2800.0%	$-1.0M
Other Income Expense Income Before Tax	$4.5B 9.2%	$4.1B 17.5%	$3.5B 55.4%	$2.2B 13.4%	$2.0B
Income Tax Income Tax Expense	$1.0B 3.0%	$998.0M 19.1%	$838.0M 58.7%	$528.0M 9.1%	$484.0M
net Income net Income	$3.4B 11.8%	$3.0B 14.1%	$2.7B 54.4%	$1.7B 14.8%	$1.5B
net Income Comprehensive Income	$3.5B 16.5%	$3.0B 8.7%	$2.7B 31.1%	$2.1B 32.0%	$1.6B
Earnings Per Share Basic Eps	$5 4.6%	$5 -5.5%	$5 42.6%	$4 14.6%	$3
Earnings Per Share Diluted Eps	$5 4.8%	$5 -5.7%	$5 42.7%	$4 14.6%	$3
Earnings Per Share Weighted Average Shares Basic	$624.8M 6.9%	$584.6M 20.7%	$484.3M 8.2%	$447.5M 0.2%	$446.4M
Earnings Per Share Weighted Average Shares Diluted	$625.9M 6.7%	$586.5M 20.8%	$485.4M 8.3%	$448.4M 0.2%	$447.4M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $5.6B

Investing cash flow $-3.8B

Financing cash flow $-2.5B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$3.4B 11.8%	$3.0B 14.1%	$2.7B 54.4%	$1.7B 14.8%	$1.5B
Operating Activities Depreciation and Amortization	$1.5B 33.5%	$1.1B 47.5%	$769.0M 22.8%	$626.0M 0.6%	$622.0M
Operating Activities Stock Based Compensation	$92.0M -9.8%	$102.0M 61.9%	$63.0M 18.9%	$53.0M -1.9%	$54.0M
Operating Activities Deferred Income Taxes	$957.0M 7.6%	$889.0M 7.2%	$829.0M 78.7%	$464.0M -1.7%	$472.0M
Operating Activities Changes In Operating Assets and Liabilities	$934.0M 862.9%	$97.0M 153.9%	$-180.0M -600.0%	$36.0M -95.0%	$727.0M
Operating Activities Other Non Cash Items	$35.0M -51.4%	$72.0M -13.3%	$83.0M -9.8%	$92.0M -2.1%	$94.0M
Operating Activities net Cash From Operating Activities	$5.6B 14.5%	$4.9B 10.6%	$4.4B 52.1%	$2.9B 14.1%	$2.5B
Investing Activities Capital Expenditures	$3.2B 56.0%	$2.0B 26.7%	$1.6B 32.7%	$1.2B 72.5%	$697.0M
Investing Activities Business Acquisitions	$25.0M -99.6%	$5.8B 16.2%	$5.0B	$0	$0
Investing Activities Other Investing Activities	$-48.0M 67.8%	$-149.0M -75.3%	$-85.0M -1114.3%	$-7.0M 50.0%	$-14.0M
Investing Activities net Cash From Investing Activities	$-3.8B 43.3%	$-6.6B -3.2%	$-6.4B -462.2%	$-1.1B -71.3%	$-665.0M
Financing Activities Proceeds From Debt	$3.0B -57.9%	$7.1B 33.9%	$5.3B 509.7%	$869.0M	$0
Financing Activities Repayment of Debt	$3.0B 48.7%	$2.0B 54.1%	$1.3B 45.1%	$896.0M 48.1%	$605.0M
Financing Activities Repurchase of Common Stock	$75.0M -52.8%	$159.0M	$0	$0	—
Financing Activities Dividends Paid	$2.6B 11.7%	$2.3B 25.8%	$1.8B 10.0%	$1.7B 0.3%	$1.7B
Financing Activities Other Financing Activities	$-93.0M -36.8%	$-68.0M -623.1%	$13.0M -7.1%	$14.0M 7.7%	$13.0M
Financing Activities net Cash From Financing Activities	$-2.5B -218.1%	$2.1B 0.9%	$2.1B 224.1%	$-1.7B 25.1%	$-2.3B
Cash Reconciliation Effect of Exchange Rate On Cash	$78.0M -89.4%	$733.0M 116.9%	$338.0M 53.6%	$220.0M 50.7%	$146.0M
Cash Reconciliation net Change In Cash	$-655.0M -265.8%	$395.0M 234.7%	$118.0M 59.5%	$74.0M 119.6%	$-378.0M
Cash Reconciliation Cash At Beginning of Period	$78.0M -89.4%	$733.0M 116.9%	$338.0M 53.6%	$220.0M 50.7%	$146.0M
Cash Reconciliation Cash At End of Period	$78.0M -89.4%	$733.0M 116.9%	$338.0M 53.6%	$220.0M 50.7%	$146.0M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+30.5%	+38.7%	+32.5%	+20.0%	+25.9%
Operating margin	+17.1%	+23.0%	+23.0%	+12.5%	+15.7%
Net margin	+10.1%	+14.0%	+15.0%	+7.7%	+9.1%
FCF margin	+7.3%	+13.2%	+16.0%	+7.6%	+11.2%
Growth
Revenue CAGR (3y)	+14.5%	+9.5%	+27.4%	+30.1%	+9.5%
Returns
ROE	+15.1%	+17.8%	+16.1%	+26.5%	+24.9%
ROA	+5.1%	+4.7%	+6.0%	+7.1%	+6.4%
ROIC	+8.1%	+7.8%	+8.2%	+10.8%	+10.1%
Liquidity
Current ratio	0.71x	0.90x	0.90x	0.83x	0.75x
Quick ratio	0.49x	0.65x	0.59x	0.57x	0.50x
Leverage
D/E	0.28x	0.28x	0.21x	0.47x	0.53x
Interest coverage	—	—	4.70x	4.15x	3.54x
Efficiency
Asset turnover	0.50x	0.34x	0.40x	0.92x	0.70x
Cash conversion cycle	+3d	-0d	+7d	+6d	+5d

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