O

ONEOK INC /NEW/

OKE · CIK 0001039684

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$33.63B55.0%
FY2025
Net income (FY)
$3.39B11.8%
FY2025
Free cash flow (FY)
$2.45B14.6%
FY2025
Diluted EPS (FY)
$5.424.8%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20B$30BFY2007 · Revenue $13.48B · Net income $304.9M · 0000909281-10-000030 · filed 2010-02-23FY07Revenue $13.48BNet income $304.9M0000909281-10-000030 · filed 2010-02-23FY2008 · Revenue $16.16B · Net income $311.9M · 0001039684-11-000029 · filed 2011-02-22FY08Revenue $16.16BNet income $311.9M0001039684-11-000029 · filed 2011-02-22FY2009 · Revenue $10.81B · Net income $305.5M · 0001039684-12-000027 · filed 2012-02-21FY09Revenue $10.81BNet income $305.5M0001039684-12-000027 · filed 2012-02-21FY2010 · Revenue $12.68B · Net income $334.6M · 0001039684-13-000024 · filed 2013-02-26FY10Revenue $12.68BNet income $334.6M0001039684-13-000024 · filed 2013-02-26FY2011 · Revenue $14.81B · Net income $360.6M · 0001039684-14-000019 · filed 2014-02-25FY11Revenue $14.81BNet income $360.6M0001039684-14-000019 · filed 2014-02-25FY2012 · Revenue $10.18B · Net income $360.6M · 0001039684-15-000017 · filed 2015-02-25FY12Revenue $10.18BNet income $360.6M0001039684-15-000017 · filed 2015-02-25FY2013 · Revenue $11.87B · Net income $266.5M · 0001039684-16-000113 · filed 2016-02-23FY13Revenue $11.87BNet income $266.5M0001039684-16-000113 · filed 2016-02-23FY2014 · Revenue $12.20B · Net income $314.1M · 0001039684-17-000019 · filed 2017-02-28FY14Revenue $12.20BNet income $314.1M0001039684-17-000019 · filed 2017-02-28FY2015 · Revenue $7.76B · Net income $245.0M · 0001039684-18-000021 · filed 2018-02-27FY15Revenue $7.76BNet income $245.0M0001039684-18-000021 · filed 2018-02-27FY2016 · Revenue $8.92B · Net income $352.0M · 0001039684-19-000016 · filed 2019-02-26FY16Revenue $8.92BNet income $352.0M0001039684-19-000016 · filed 2019-02-26FY2017 · Revenue $12.17B · Net income $387.8M · 0001039684-20-000012 · filed 2020-02-25FY17Revenue $12.17BNet income $387.8M0001039684-20-000012 · filed 2020-02-25FY2018 · Revenue $12.59B · Net income $1.15B · 0001039684-21-000015 · filed 2021-02-23FY18Revenue $12.59BNet income $1.15B0001039684-21-000015 · filed 2021-02-23FY2019 · Revenue $10.16B · Net income $1.28B · 0001039684-22-000015 · filed 2022-03-01 · 0001039684-21-000015 · filed 2021-02-23FY19Revenue $10.16BNet income $1.28B0001039684-22-000015 · filed 2022-03-01 · 0001039684-21-000015 · filed 2021-02-23FY2020 · Revenue $8.54B · Net income $612.8M · 0001039684-23-000016 · filed 2023-02-28 · 0001039684-21-000015 · filed 2021-02-23FY20Revenue $8.54BNet income $612.8M0001039684-23-000016 · filed 2023-02-28 · 0001039684-21-000015 · filed 2021-02-23FY2021 · Revenue $16.54B · 0001039684-24-000015 · filed 2024-02-27FY21Revenue $16.54B0001039684-24-000015 · filed 2024-02-27FY2022 · Revenue $22.39B · Net income $1.72B · 0001039684-25-000036 · filed 2025-02-25FY22Revenue $22.39BNet income $1.72B0001039684-25-000036 · filed 2025-02-25FY2023 · Revenue $17.68B · Net income $2.66B · 0001039684-26-000006 · filed 2026-02-24FY23Revenue $17.68BNet income $2.66B0001039684-26-000006 · filed 2026-02-24FY2024 · Revenue $21.70B · Net income $3.04B · 0001039684-26-000006 · filed 2026-02-24FY24Revenue $21.70BNet income $3.04B0001039684-26-000006 · filed 2026-02-24FY2025 · Revenue $33.63B · Net income $3.39B · 0001039684-26-000006 · filed 2026-02-24FY25Revenue $33.63BNet income $3.39B0001039684-26-000006 · filed 2026-02-24FY25Revenue $33.63BNet income $3.39B0001039684-26-000006 · filed 2026-02-24FY07FY10FY13FY16FY19FY22FY25

revenue 2.5× since FY2007 · net margin 2.3% → 10.1%

MarginsNet marginFCF margin
-20%-10%0%10%FY2007 · Net margin 2.3% · FCF margin 1.1%FY07Net margin 2.3%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 1.9% · FCF margin -6.2%FY08Net margin 1.9%FCF margin -6.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 2.8% · FCF margin 6.1%FY09Net margin 2.8%FCF margin 6.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 2.6% · FCF margin 2.0%FY10Net margin 2.6%FCF margin 2.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 2.4% · FCF margin 0.1%FY11Net margin 2.4%FCF margin 0.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 3.5% · FCF margin -8.7%FY12Net margin 3.5%FCF margin -8.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 2.2% · FCF margin -8.1%FY13Net margin 2.2%FCF margin -8.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 2.6% · FCF margin -4.0%FY14Net margin 2.6%FCF margin -4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 3.2% · FCF margin -2.1%FY15Net margin 3.2%FCF margin -2.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 3.9% · FCF margin 8.2%FY16Net margin 3.9%FCF margin 8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 3.2% · FCF margin 6.6%FY17Net margin 3.2%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 9.1% · FCF margin 0.4%FY18Net margin 9.1%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 12.6% · FCF margin -18.7%FY19Net margin 12.6%FCF margin -18.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 7.2% · FCF margin -3.5%FY20Net margin 7.2%FCF margin -3.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · FCF margin 11.2%FY21FCF margin 11.2%derived: (ocf − capex) ÷ revenueFY2022 · Net margin 7.7% · FCF margin 7.6%FY22Net margin 7.7%FCF margin 7.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 15.0% · FCF margin 16.0%FY23Net margin 15.0%FCF margin 16.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 14.0% · FCF margin 13.2%FY24Net margin 14.0%FCF margin 13.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 10.1% · FCF margin 7.3%FY25Net margin 10.1%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 10.1%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 10.1% · free cash flow 7.3% of revenue

Cash engineOperating cash flowFree cash flow
$0$5BFY2007 · OCF $1.03B · FCF $146.0M · 0000909281-10-000030 · filed 2010-02-23FY07OCF $1.03BFCF $146.0M0000909281-10-000030 · filed 2010-02-23FY2008 · OCF $475.7M · FCF −$997.5M · 0001039684-11-000029 · filed 2011-02-22FY08OCF $475.7MFCF −$997.5M0001039684-11-000029 · filed 2011-02-22FY2009 · OCF $1.45B · FCF $661.4M · 0001039684-12-000027 · filed 2012-02-21FY09OCF $1.45BFCF $661.4M0001039684-12-000027 · filed 2012-02-21FY2010 · OCF $834.0M · FCF $251.3M · 0001039684-13-000024 · filed 2013-02-26FY10OCF $834.0MFCF $251.3M0001039684-13-000024 · filed 2013-02-26FY2011 · OCF $1.36B · FCF $20.1M · 0001039684-14-000019 · filed 2014-02-25FY11OCF $1.36BFCF $20.1M0001039684-14-000019 · filed 2014-02-25FY2012 · OCF $984.0M · FCF −$882.2M · 0001039684-15-000017 · filed 2015-02-25FY12OCF $984.0MFCF −$882.2M0001039684-15-000017 · filed 2015-02-25FY2013 · OCF $1.29B · FCF −$961.8M · 0001039684-16-000113 · filed 2016-02-23FY13OCF $1.29BFCF −$961.8M0001039684-16-000113 · filed 2016-02-23FY2014 · OCF $1.29B · FCF −$493.5M · 0001039684-17-000019 · filed 2017-02-28FY14OCF $1.29BFCF −$493.5M0001039684-17-000019 · filed 2017-02-28FY2015 · OCF $1.02B · FCF −$165.5M · 0001039684-18-000021 · filed 2018-02-27FY15OCF $1.02BFCF −$165.5M0001039684-18-000021 · filed 2018-02-27FY2016 · OCF $1.35B · FCF $728.6M · 0001039684-19-000016 · filed 2019-02-26FY16OCF $1.35BFCF $728.6M0001039684-19-000016 · filed 2019-02-26FY2017 · OCF $1.32B · FCF $803.0M · 0001039684-20-000012 · filed 2020-02-25FY17OCF $1.32BFCF $803.0M0001039684-20-000012 · filed 2020-02-25FY2018 · OCF $2.19B · FCF $45.2M · 0001039684-21-000015 · filed 2021-02-23FY18OCF $2.19BFCF $45.2M0001039684-21-000015 · filed 2021-02-23FY2019 · OCF $1.95B · FCF −$1.90B · 0001039684-22-000015 · filed 2022-03-01FY19OCF $1.95BFCF −$1.90B0001039684-22-000015 · filed 2022-03-01FY2020 · OCF $1.90B · FCF −$296.3M · 0001039684-23-000016 · filed 2023-02-28FY20OCF $1.90BFCF −$296.3M0001039684-23-000016 · filed 2023-02-28FY2021 · OCF $2.55B · FCF $1.85B · 0001039684-24-000015 · filed 2024-02-27FY21OCF $2.55BFCF $1.85B0001039684-24-000015 · filed 2024-02-27FY2022 · OCF $2.91B · FCF $1.70B · 0001039684-25-000036 · filed 2025-02-25FY22OCF $2.91BFCF $1.70B0001039684-25-000036 · filed 2025-02-25FY2023 · OCF $4.42B · FCF $2.83B · 0001039684-26-000006 · filed 2026-02-24FY23OCF $4.42BFCF $2.83B0001039684-26-000006 · filed 2026-02-24FY2024 · OCF $4.89B · FCF $2.87B · 0001039684-26-000006 · filed 2026-02-24FY24OCF $4.89BFCF $2.87B0001039684-26-000006 · filed 2026-02-24FY2025 · OCF $5.60B · FCF $2.45B · 0001039684-26-000006 · filed 2026-02-24FY25OCF $5.60BFCF $2.45B0001039684-26-000006 · filed 2026-02-24FY25OCF $5.60BFCF $2.45B0001039684-26-000006 · filed 2026-02-24’09’13’17’21’25

FY2025: $5.60B operating cash − $3.15B capex = $2.45B free cash flow

Returns on capitalReturn on equityReturn on assets
0%100%200%FY2008 · ROE 14.9% · ROA 2.4%FY08ROE 14.9%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 13.8% · ROA 2.4%FY09ROE 13.8%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 13.7% · ROA 2.7%FY10ROE 13.7%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 16.1% · ROA 2.6%FY11ROE 16.1%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 16.9% · ROA 2.3%FY12ROE 16.9%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 11.4% · ROA 1.5%FY13ROE 11.4%ROA 1.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 53.0% · ROA 2.1%FY14ROE 53.0%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 73.0% · ROA 1.6%FY15ROE 73.0%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 186.5% · ROA 2.2%FY16ROE 186.5%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 7.0% · ROA 2.3%FY17ROE 7.0%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 17.5% · ROA 6.3%FY18ROE 17.5%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 20.5% · ROA 5.9%FY19ROE 20.5%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 10.1% · ROA 2.7%FY20ROE 10.1%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 26.5% · ROA 7.1%FY22ROE 26.5%ROA 7.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 16.1% · ROA 6.0%FY23ROE 16.1%ROA 6.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 17.8% · ROA 4.7%FY24ROE 17.8%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 15.1% · ROA 5.1%FY25ROE 15.1%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 15.1%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assets’08’12’16’20’25

return on equity 15% (FY2008) → 15% (FY2025) · on assets 5.1%

The receipts