Revenue
$33.63B
Fiscal year ended 2025-12-31Operating income
$5.74B
Fiscal year ended 2025-12-31Free cash flow
$2.45B
Fiscal year ended 2025-12-31ONEOK INC /NEW/ (OKE) reported revenue of $33.63B and net income of $3.39B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from ONEOK INC /NEW/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Natural Gas Transmisison & Distribution.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.63B | $21.70B | $17.68B | $22.39B | $16.54B | $8.54B | $10.16B | $12.59B | $12.17B | $8.92B |
| Cost of revenue | $23.37B | $13.31B | $11.93B | $17.91B | $12.26B | $5.11B | $6.79B | $9.42B | $9.54B | $6.50B |
| Gross profit | $10.26B | $8.39B | $5.75B | $4.48B | $4.28B | $3.43B | $3.38B | $3.17B | $2.64B | $2.42B |
| Operating income | $5.74B | $4.99B | $4.07B | $2.81B | $2.60B | $1.36B | $1.91B | $1.84B | $1.39B | $1.30B |
| Net income | $3.39B | $3.04B | $2.66B | $1.72B | Unavailable | $612.81M | $1.28B | $1.15B | $387.84M | $352.04M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 625.90M | shares 586.50M | shares 485.40M | shares 448.40M | shares 447.40M | shares 431.78M | shares 415.44M | shares 414.20M | shares 299.78M | shares 212.38M |
| Pretax income | $4.49B | $4.11B | $3.50B | $2.25B | $1.98B | $802.32M | $1.65B | $1.52B | $1.04B | $957.96M |
| Income tax expense | $1.03B | $998.00M | $838.00M | $528.00M | $484.00M | $189.51M | $372.41M | $362.90M | $447.28M | $212.41M |
| Diluted EPS | $5.42 | $5.17 | $5.48 | $3.84 | $3.35 | $1.42 | $3.07 | $2.78 | $1.29 | $1.66 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $78.00M | $733.00M | $338.00M | $220.00M | $146.39M | $524.50M | $20.96M | $11.98M | $37.19M | $248.88M |
| Total assets | $66.64B | $64.07B | $44.27B | $24.38B | $23.62B | $23.08B | $21.81B | $18.23B | $16.85B | $16.14B |
| Current assets | $4.49B | $4.24B | $3.11B | $2.55B | $2.37B | $1.87B | $1.47B | $1.40B | $1.76B | $1.43B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $6.36B | $4.72B | $3.45B | $3.05B | $3.18B | $1.34B | $2.02B | $2.11B | $2.67B | $2.84B |
| Total equity incl. NCI | $22.57B | $22.13B | $16.48B | $6.49B | $6.02B | $6.04B | $6.23B | $6.58B | $5.69B | $3.43B |
| Temporary (mezzanine) equity | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $948.00M | $748.00M | $639.00M | $432.00M | $427.88M | $227.81M | $304.93M | $296.67M | $342.29M | $140.03M |
| Accounts receivable | $3.01B | $2.33B | $1.70B | $1.53B | $1.44B | $829.80M | $835.12M | $818.96M | $1.20B | $872.43M |
| Goodwill | $8.06B | $8.09B | $4.95B | $528.00M | $527.59M | $527.59M | $681.00M | $681.10M | $681.10M | $525.54M |
| Long-term debt | $30.76B | $31.02B | $21.18B | $12.70B | $12.75B | $14.23B | $12.48B | $8.87B | $8.09B | $7.92B |
| Accounts payable | $2.84B | $2.19B | $1.56B | $1.36B | $1.33B | $719.30M | $1.21B | $1.12B | $1.14B | $874.73M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.60B | $4.89B | $4.42B | $2.91B | $2.55B | $1.90B | $1.95B | $2.19B | $1.32B | $1.35B |
| Capital expenditures | $3.15B | $2.02B | $1.60B | $1.20B | $697.00M | $2.20B | $3.85B | $2.14B | $512.39M | $624.63M |
| Investing cash flow | -$3.75B | -$6.61B | -$6.40B | -$1.14B | -$665.00M | -$2.27B | -$3.77B | -$2.11B | -$567.63M | -$615.44M |
| Financing cash flow | -$2.50B | $2.12B | $2.10B | -$1.69B | -$2.26B | $875.00M | $1.83B | -$97.05M | -$959.46M | -$586.52M |
| Net change in cash | -$655.00M | $395.00M | $118.00M | $74.00M | -$378.00M | $503.54M | $8.98M | -$25.22M | -$211.68M | $151.26M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $37.15M | $31.66M | $26.26M | $40.56M |
| Common dividends paid | $2.58B | $2.31B | $1.84B | $1.67B | $1.67B | $1.61B | $1.46B | $1.34B | $829.41M | $517.60M |
| Common share repurchases | $75.00M | $159.00M | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $1.51B | $1.13B | $769.00M | $626.00M | $622.00M | $578.66M | $476.54M | $428.56M | $406.34M | $391.58M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $2.45B | $2.87B | $2.83B | $1.70B | $1.85B | -$296.31M | -$1.90B | $45.24M | $803.02M | $728.59M |
| 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% |
| FCF margin | 7.3% | 13.2% | 16.0% | 7.6% | 11.2% | -3.5% | -18.7% | 0.4% | 6.6% | 8.2% |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.2% | 0.5% |
| Current ratio | 0.71x | 0.90x | 0.90x | 0.84x | 0.75x | 1.39x | 0.73x | 0.66x | 0.66x | 0.50x |
| Revenue YoY growth | 55.0% | 22.7% | -21.0% | 35.4% | 93.6% | -16.0% | -19.3% | 3.4% | 36.5% | Unavailable |
| Net margin | 10.1% | 14.0% | 15.0% | 7.7% | Unavailable | Unavailable | Unavailable | 9.1% | 3.2% | 3.9% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 9.4% | 9.3% | 9.0% | 5.4% | 4.2% | 25.7% | 37.9% | 17.0% | 4.2% | 7.0% |
| Long-term debt / equity | 1.36x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 22.9% | 24.3% | 24.0% | 23.5% | 24.4% | 23.6% | 22.6% | 23.9% | 43.0% | 22.2% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open OKE in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-10-29View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-04-30View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.