OKE
ONEOK, Inc. (OKE)
Last Price$96.8(3.6%)
Market Cap$58.4B
LTM Rule of 40 (EBIT margin)
46.1%
5Y avg
34.4%
Oil & Gas Midstream industry median
32.3%
Stock quality & Intrinsic value
7/10
1.3% undervalued

ONEOK, Inc. Rule of 40 (EBIT margin)

Annual
Quarterly
LTM
Industry median
Company stand-alone
OKE
Energy
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Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Rule of 40 (EBIT margin)
0.0%
115.9%
0.1%
19.4%
25.5%
(23.2%)
24.5%
21.5%
(6.0%)
21.9%
(7.1%)
(23.5%)
29.3%
47.8%
18.0%
(0.5%)
9.0%
109.3%
47.9%
2.0%
OKE
Key metrics and insights to make informed decisions.
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ONEOK, Inc. (OKE) Rule of 40 (EBIT margin) comparison analysis

OKE key stats

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
% growth
5,988.1
0.0%
12,676.2
111.7%
11,896.1
(6.2%)
13,477.4
13.3%
16,157.4
19.9%
11,111.7
(31.2%)
13,030.1
17.3%
14,805.8
13.6%
12,632.6
(14.7%)
14,602.7
15.6%
12,195.1
(16.5%)
7,763.2
(36.3%)
8,920.9
14.9%
12,173.9
36.5%
12,593.2
3.4%
10,164.4
(19.3%)
8,542.2
(16.0%)
16,540.3
93.6%
22,386.9
35.3%
17,677.0
(21.0%)
Cost of Goods Sold (COGS)4,743.811,338.110,176.511,667.314,221.99,095.710,957.512,425.410,617.612,697.410,383.25,995.76,887.79,944.49,851.37,264.65,688.812,878.418,536.012,698.0
% margin
1,244.2
20.8%
1,338.2
10.6%
1,719.6
14.5%
1,810.1
13.4%
1,935.5
12.0%
2,015.9
18.1%
2,072.5
15.9%
2,380.4
16.1%
2,015.0
16.0%
1,905.3
13.0%
1,811.9
14.9%
1,767.5
22.8%
2,033.2
22.8%
2,229.5
18.3%
2,741.9
21.8%
2,899.8
28.5%
2,853.4
33.4%
3,662.0
22.1%
3,850.9
17.2%
4,979.0
28.2%
Operating Expenses754.2803.4973.9989.51,020.81,126.11,147.11,221.4909.0990.5674.9693.3757.2833.6907.1982.9886.21,067.11,043.51,676.0
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)0.00.00.00.00.00.00.00.0437.7479.2599.1605.7668.3737.9819.9876.4761.2900.4958.21,319.0
490.0
8.2%
534.8
4.2%
745.7
6.3%
820.6
6.1%
914.7
5.7%
894.6
8.1%
944.0
7.2%
1,158.9
7.8%
1,102.5
8.7%
926.7
6.3%
1,143.6
9.4%
996.2
12.8%
1,285.7
14.4%
1,380.9
11.3%
1,835.5
14.6%
1,914.4
18.8%
2,135.1
25.0%
2,596.3
15.7%
2,807.4
12.5%
4,072.0
23.0%
Interest Income0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0491.8712.9732.9675.90.0
Interest Expense92.30.029.1225.2315.6300.8292.2297.0302.3334.2356.2416.8469.7485.7469.6491.8712.9732.9675.9866.0
Pre-tax Income392.1645.7500.4489.5506.0698.5755.2983.6944.4740.3819.9521.9958.01,040.81,517.91,651.0802.31,984.22,249.63,497.0
% effective tax rate
150.0
38.2%
242.5
37.6%
193.8
38.7%
184.6
37.7%
194.1
38.4%
207.3
29.7%
213.8
28.3%
226.0
23.0%
215.2
22.8%
163.4
22.1%
151.2
18.4%
136.6
26.2%
212.4
22.2%
447.3
43.0%
362.9
23.9%
372.4
22.6%
189.5
23.6%
484.5
24.4%
527.4
23.4%
838.0
24.0%
% margin
242.2
4.0%
546.5
4.3%
306.3
2.6%
304.9
2.3%
311.9
1.9%
305.5
2.7%
334.6
2.6%
360.6
2.4%
360.6
2.9%
266.5
1.8%
314.1
2.6%
245.0
3.2%
352.0
3.9%
387.8
3.2%
1,151.7
9.1%
1,278.6
12.6%
612.8
7.2%
1,500.0
9.1%
1,722.0
7.7%
2,659.0
15.0%
EPS1.192.721.371.421.501.451.571.721.751.291.501.171.671.302.803.091.423.363.855.49
Diluted EPS1.152.531.341.401.481.441.551.681.711.271.491.161.661.292.783.081.423.353.845.48
% margin
673.1
11.2%
718.2
5.7%
1,097.1
9.2%
1,050.5
7.8%
1,302.6
8.1%
1,289.6
11.6%
1,354.7
10.4%
1,592.9
10.8%
1,432.0
11.3%
1,444.4
9.9%
1,482.1
12.2%
1,428.8
18.4%
1,667.6
18.7%
1,799.5
14.8%
2,246.7
17.8%
2,380.7
23.4%
2,547.2
29.8%
3,298.9
19.9%
3,517.5
15.7%
5,111.0
28.9%

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FAQ

1) What is ONEOK, Inc.'s Rule of 40 (EBIT margin)?

As of today, Microsoft Corp's last 12-month Rule of 40 (EBIT margin) is 46.1%, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual Rule of 40 (EBIT margin) for ONEOK, Inc. have been 48.3% over the past three years, and 36.1% over the past five years.

2) Is ONEOK, Inc.'s Rule of 40 (EBIT margin) Good?

As of today, ONEOK, Inc.'s Rule of 40 (EBIT margin) is 46.1%, which is higher than industry median of 32.3%. It indicates that ONEOK, Inc.'s Rule of 40 (EBIT margin) is Good.

3) How does ONEOK, Inc.'s Rule of 40 (EBIT margin) compare to its peers?

As of today, ONEOK, Inc.'s Rule of 40 (EBIT margin) is 46.1%, which is higher than peer median of 29.0%. The list of peers includes WES, MPLX, TRP, ENB, WMB, EPD, KMI, TRGP, PBA, ET.