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

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 10 years

Total assets $66.6B

Total liabilities $6.4B

Shareholders equity $22.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	0.2%	3.4%	1.9%	1.0%	0.9%	6.1%	0.2%	0.1%	0.3%	2.8%
Accounts Receivable	9.0%	10.7%	9.6%	6.8%	8.7%	9.7%	8.2%	6.5%	9.9%	9.8%
Inventory	2.8%	3.4%	3.6%	1.9%	2.6%	2.7%	3.0%	2.4%	2.8%	1.6%
Prepaid Expenses	1.3%	2.0%	1.4%	0.8%	1.0%	1.6%	0.8%	0.8%	0.4%	0.5%
Other Current Assets	1.3%	2.0%	1.4%	0.8%	1.0%	1.6%	0.8%	0.8%	0.4%	0.5%
Total Current Assets	13.3%	19.5%	17.6%	11.4%	14.4%	21.9%	14.5%	11.1%	14.5%	16.0%
Property,Plant and Equipment	142.3%	211.7%	185.0%	89.1%	116.8%	224.2%	180.5%	117.3%	104.3%	140.9%
Goodwill	24.0%	37.3%	28.0%	2.4%	3.2%	6.2%	6.7%	5.4%	5.6%	5.9%
Intangible Assets	8.6%	14.0%	7.4%	1.0%	1.4%	2.9%	2.7%	2.3%	2.6%	5.4%
Long Term Investments	8.6%	10.7%	10.6%	3.6%	4.8%	9.4%	8.5%	7.7%	8.2%	10.7%
Other Noncurrent Assets	1.3%	2.1%	1.8%	1.4%	2.2%	5.6%	1.7%	1.0%	1.5%	1.8%
Total Assets	198.2%	295.3%	250.4%	108.9%	142.8%	270.2%	214.6%	144.8%	138.4%	180.9%
Liabilities
Accounts Payable	8.4%	10.1%	8.8%	6.1%	8.1%	8.4%	11.9%	8.9%	9.4%	9.8%
Accrued Liabilities	1.5%	2.4%	2.2%	1.0%	1.4%	2.9%	1.9%	1.3%	1.1%	1.3%
Current Portion of Long Term Debt	3.7%	4.9%	2.7%	4.1%	5.4%	0.1%	0.1%	4.0%	3.6%	4.6%
Other Current Liabilities	2.2%	2.2%	3.1%	1.2%	1.8%	1.0%	2.8%	1.7%	1.5%	1.9%
Total Current Liabilities	18.9%	21.7%	19.5%	13.6%	19.3%	15.7%	19.9%	16.7%	21.9%	31.8%
Long Term Debt	91.5%	143.0%	119.8%	56.7%	77.1%	166.6%	122.8%	70.5%	66.5%	88.8%
Deferred Tax Liabilities	18.9%	25.1%	14.7%	7.8%	17.3%	29.6%	16.4%	6.4%	0.4%	18.2%
Other Noncurrent Liabilities	1.8%	3.4%	2.7%	1.5%	2.6%	8.3%	5.2%	3.6%	2.9%	3.6%
Total Liabilities	18.9%	21.7%	19.5%	13.6%	19.3%	15.7%	19.9%	16.7%	21.9%	31.8%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	62.3%	75.4%	92.3%	32.4%	43.6%	86.1%	72.8%	60.5%	54.1%	13.8%
Retained Earnings	7.1%	7.3%	4.9%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Treasury Stock	2.5%	3.7%	3.8%	3.2%	4.4%	8.9%	8.0%	6.8%	7.2%	10.0%
Accumulated Other Comprehensive Income	-0.1%	-0.4%	-0.2%	-0.5%	-2.8%	-6.5%	-3.7%	-1.5%	-1.5%	-1.7%
Noncontrolling Interest	0.2%	23.5%	—	—	—	—	—	—	1.3%	36.3%
Total Stockholders Equity	66.9%	78.5%	93.3%	29.0%	36.4%	70.7%	61.3%	52.2%	45.4%	2.1%
Total Liabilitiesand Equity	198.2%	295.3%	250.4%	108.9%	142.8%	270.2%	214.6%	144.8%	138.4%	180.9%

Income Statement

Revenue, expense, and profitability

14 accounts · 10 years

Revenue $33.6B

Operating income $5.7B

Net income $3.4B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	69.5%	61.3%	67.5%	80.0%	74.1%	59.8%	66.8%	74.8%	78.3%	72.8%
Expenses Depreciation and Amortization	4.5%	5.2%	4.4%	2.8%	3.8%	6.8%	4.7%	3.4%	3.3%	4.4%
Expenses Share Based Compensation	0.3%	0.5%	0.4%	0.2%	0.3%	0.3%	0.4%	0.3%	0.2%	0.5%
Other Income Expense Operating Income	17.1%	23.0%	23.0%	12.5%	15.7%	15.9%	18.8%	14.6%	11.4%	14.5%
Other Income Expense Other Income/expense	0.4%	0.2%	0.5%	-0.1%	-0.0%	0.3%	0.1%	0.1%	0.3%	0.2%
Other Income Expense Income Before Tax	13.4%	18.9%	19.8%	10.1%	12.0%	9.4%	16.2%	12.1%	8.5%	10.7%
Income Tax Income Tax Expense	3.1%	4.6%	4.7%	2.4%	2.9%	2.2%	3.7%	2.9%	3.7%	2.4%
net Income net Income	10.1%	14.0%	15.0%	7.7%	9.1%	7.2%	12.6%	9.1%	3.2%	3.9%
net Income Comprehensive Income	10.3%	13.7%	15.5%	9.3%	9.6%	5.1%	10.8%	9.5%	3.2%	3.6%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.9%	2.7%	2.7%	2.0%	2.7%	5.0%	4.1%	3.3%	2.4%	2.4%
Earnings Per Share Weighted Average Shares Diluted	1.9%	2.7%	2.7%	2.0%	2.7%	5.1%	4.1%	3.3%	2.5%	2.4%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $5.6B

Investing cash flow $-3.8B

Financing cash flow $-2.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	10.1%	14.0%	15.0%	7.7%	9.1%	7.2%	12.6%	9.1%	3.2%	3.9%
Operating Activities Depreciation and Amortization	4.5%	5.2%	4.4%	2.8%	3.8%	6.8%	4.7%	3.4%	3.3%	4.4%
Operating Activities Stock Based Compensation	0.3%	0.5%	0.4%	0.2%	0.3%	0.3%	0.4%	0.3%	0.2%	0.5%
Operating Activities Deferred Income Taxes	2.8%	4.1%	4.7%	2.1%	2.9%	2.2%	3.7%	2.9%	3.7%	2.3%
Operating Activities Changes In Operating Assets and Liabilities	2.8%	0.4%	-1.0%	0.2%	4.4%	-3.0%	-0.5%	-2.8%	3.8%	3.4%
Operating Activities Other Non Cash Items	0.1%	0.3%	0.5%	0.4%	0.6%	0.4%	-0.3%	0.2%	0.0%	—
Operating Activities net Cash From Operating Activities	16.6%	22.5%	25.0%	13.0%	15.4%	22.2%	19.2%	17.4%	10.8%	15.2%
Investing Activities Capital Expenditures	9.4%	9.3%	9.0%	5.4%	4.2%	25.7%	37.9%	17.0%	4.2%	7.0%
Investing Activities Business Acquisitions	0.1%	26.9%	28.4%	0.0%	0.0%	—	—	—	—	0.0%
Investing Activities Other Investing Activities	-0.1%	-0.7%	-0.5%	-0.0%	-0.1%	1.3%	0.1%	0.0%	-0.0%	0.0%
Investing Activities net Cash From Investing Activities	-11.2%	-30.5%	-36.2%	-5.1%	-4.0%	-26.6%	-37.1%	-16.8%	-4.7%	-6.9%
Financing Activities Proceeds From Debt	8.9%	32.7%	30.0%	3.9%	0.0%	38.0%	41.2%	14.3%	9.8%	11.2%
Financing Activities Repayment of Debt	8.9%	9.2%	7.4%	4.0%	3.7%	17.1%	10.4%	7.4%	8.2%	12.4%
Financing Activities Repurchase of Common Stock	0.2%	0.7%	0.0%	0.0%	—	—	—	—	—	—
Financing Activities Dividends Paid	7.7%	10.7%	10.4%	7.5%	10.1%	18.8%	14.3%	10.6%	6.8%	5.8%
Financing Activities Other Financing Activities	-0.3%	-0.3%	0.1%	0.1%	0.1%	-0.7%	-0.9%	-0.0%	-0.1%	0.1%
Financing Activities net Cash From Financing Activities	-7.4%	9.8%	11.9%	-7.6%	-13.7%	10.2%	18.0%	-0.8%	-7.9%	-6.6%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	3.4%	1.9%	1.0%	0.9%	—	—	—	—	—
Cash Reconciliation net Change In Cash	-1.9%	1.8%	0.7%	0.3%	-2.3%	5.9%	0.1%	-0.2%	-1.7%	1.7%
Cash Reconciliation Cash At Beginning of Period	0.2%	3.4%	1.9%	1.0%	0.9%	6.1%	0.2%	0.1%	0.3%	2.8%
Cash Reconciliation Cash At End of Period	0.2%	3.4%	1.9%	1.0%	0.9%	6.1%	0.2%	0.1%	0.3%	2.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+30.5%	+38.7%	+32.5%	+20.0%	+25.9%	+40.2%	+33.2%	+25.2%	+21.7%	+27.2%
Operating margin	+17.1%	+23.0%	+23.0%	+12.5%	+15.7%	+15.9%	+18.8%	+14.6%	+11.4%	+14.5%
Net margin	+10.1%	+14.0%	+15.0%	+7.7%	+9.1%	+7.2%	+12.6%	+9.1%	+3.2%	+3.9%
FCF margin	+7.3%	+13.2%	+16.0%	+7.6%	+11.2%	-3.5%	-18.7%	+0.4%	+6.6%	+8.2%
Growth
Revenue CAGR (3y)	+14.5%	+9.5%	+27.4%	+30.1%	+9.5%	-11.1%	+4.4%	+17.5%	-0.1%	-9.1%
Returns
ROE	+15.1%	+17.8%	+16.1%	+26.5%	+24.9%	+10.1%	+20.5%	+17.5%	+7.0%	+186.5%
ROA	+5.1%	+4.7%	+6.0%	+7.1%	+6.4%	+2.7%	+5.9%	+6.3%	+2.3%	+2.2%
ROIC	+8.1%	+7.8%	+8.2%	+10.8%	+10.1%	+5.3%	+7.9%	+8.8%	+5.7%	+12.2%
Liquidity
Current ratio	0.71x	0.90x	0.90x	0.83x	0.75x	1.39x	0.73x	0.66x	0.66x	0.50x
Quick ratio	0.49x	0.65x	0.59x	0.57x	0.50x	1.01x	0.42x	0.39x	0.46x	0.40x
Leverage
D/E	0.28x	0.28x	0.21x	0.47x	0.53x	0.22x	0.32x	0.32x	0.48x	15.03x
Interest coverage	—	—	4.70x	4.15x	3.54x	1.91x	3.89x	3.91x	2.87x	2.76x
Efficiency
Asset turnover	0.50x	0.34x	0.40x	0.92x	0.70x	0.37x	0.47x	0.69x	0.72x	0.55x
Cash conversion cycle	+3d	-0d	+7d	+6d	+5d	+0d	-19d	-8d	+6d	-6d

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