Company / Operating Margin
Oneok Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
17.1%
FY2025
5-year range
12.5% / 23.0%
FY2021-FY2025
Trend
-25.8%
vs FY2024
Sector context
#32 of 80
Energy
What the data says
At 17.1%, Oneok's operating margin ranks #32 of 80 in the Energy sector. Operating Margin has fluctuated over the past 10 years, ranging from 11.4% in FY2017 to 23.0% in FY2023.
Based on SEC 10-K filings.
17.1% in FY2025 with a 5-year CAGR of +1.1%.
Declined from 23.0% to 17.1% over the past 2 years.
Energy sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +4.5pp
- 5-Year Change
- +1.1pp
- 10-Year Change
- -
Sector benchmark
#32 of 80 in EnergyTop 40% of 80This company 17.1% Sector average 15.5%
▼
+10.1% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 25.8% year-over-year.
- Currently 1.6pp above the Energy sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score 1.00 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 17.1% | -25.8% |
| FY2024 | 23.0% | -0.2% |
| FY2023 | 23.0% | +83.7% |
| FY2022 | 12.5% | -20.1% |
| FY2021 | 15.7% | -1.6% |
| FY2020 | 15.9% | -15.3% |
| FY2019 | 18.8% | +29.1% |
| FY2018 | 14.6% | +27.6% |
| FY2017 | 11.4% | -21.3% |
| FY2016 | 14.5% | +13.3% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026