Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
OKE · NYSE · United States · Natural Gas Transmisison & Distribution
In shortONEOK INC /NEW/ is profitable, generates cash and carries moderate debt, with revenue growing (+55.0% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 17.1% | 74/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 10.1% | 60/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 17.2% | 86/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.1% | 54/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.71× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.42× | 32/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 4.40× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.22× | 16/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.04 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 7.3% | 49/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.72× | 53/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 42.1% | 0/100 |
| Operating margin volatility | 4.6% | 67/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 14.5% | 97/100 |
|---|---|---|
| EPS growth, 3-year average | 12.2% | 86/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 16,540 | 22,387 | 17,677 | 21,698 | 33,629 |
| Cost of revenue | 12,257 | 17,910 | 11,929 | 13,311 | 23,373 |
| Gross profit | 4,283 | 4,477 | 5,748 | 8,387 | 10,256 |
| Operating income | 2,596 | 2,807 | 4,072 | 4,989 | 5,741 |
| Interest expense | 733 | 676 | 866 | 1,371 | 1,783 |
| Pre-tax income | 1,984 | 2,250 | 3,497 | 4,110 | 4,490 |
| Income tax | 484 | 528 | 838 | 998 | 1,028 |
| Net income | 1,499 | 1,722 | 2,659 | 3,035 | 3,393 |
| Diluted EPS | $3.35 | $3.84 | $5.48 | $5.17 | $5.42 |
| Diluted shares (millions) | 447 | 448 | 485 | 587 | 626 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
1.04 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 4, 2026