Recent Oneok shows a gross margin of 24.3%, an operating margin of 14.2%, an EBITDA margin of 18.9%, and a net margin of 9.4%. Gross margin headed the decline across the available margins, falling by 6.5 percentage points.
OKE margin history
Over the last 3 years, Oneok's margins averaged 31.9% gross, 19.36% operating, 25.53% EBITDA, and 11.79% net. Each of the four current margins is below its three-year average.
OKE margin expansion
The biggest contraction was in gross margin, which fell by 6.5 percentage points. The other available margins also declined.
OKE Gross margin
Oneok's gross margin averaged 31.9% across the past 3 years. The current gross margin of 24.3% is 7.6 percentage points below its three-year average. Over the last 3 years, Oneok's gross margin peaked at 37.7% in Sep 2024 and reached a low of 24.3% in Sep 2026.
OKE Operating margin
Across the last 3 years, Oneok's operating margin came to 19.36%. Right now, Oneok's current operating margin is 14.2%, which is 5.2 percentage points below its three-year average. Operating margin was highest at 23% in Dec 2024 and lowest at 14.2% in Sep 2026.
OKE EBITDA margin
Over the last 3 years, the average EBITDA margin for Oneok was 25.53%. The latest EBITDA margin for Oneok is 18.9%, 6.6 percentage points below its three-year average. Oneok's EBITDA margin ranged from a low of 18.9% in Sep 2026 to a high of 30.1% in Dec 2024.
OKE Net margin
Over the last 3 years, Oneok's net margin averaged 11.79%. At present, Oneok's current net margin is 9.4%, which is 2.4 percentage points below its three-year average. During this period, net margin reached a high of 15% in Dec 2023 and a low of 9.3% in Jun 2026.
OKE margin group comparison
With a gross margin of 24.3%, OKE stands lower than the Energy sector, the industry and its peers average. Looking at the Energy sector average of 42.7%, Oneok's gross margin is 43% lower.
OKE margin peer comparison
Frequently asked questions
What is Oneok's gross margin?
As of Sep 30, 2026, OKE has a gross margin of 24.3%.
What is Oneok's operating margin?
For the period ending Sep 30, 2026, OKE recorded an operating margin of 14.2%.
What is Oneok's EBITDA margin?
The current EBITDA margin for OKE is 18.9% as of Sep 30, 2026.
What is Oneok's net margin?
As of Sep 30, 2026, OKE has a net margin of 9.4%.
What are the average margins of OKE?
Over the past 3 years, OKE reported average margins of 31.9% gross, 19.4% operating, 25.5% EBITDA, and 11.8% net.
What are the highest historical margins of OKE?
Over this 5-year history, OKE peaked at 37.7% gross in Sep 2024, 23% operating in Dec 2024, 30.1% EBITDA in Dec 2024, and 15% net in Dec 2023.
What are the lowest historical margins of OKE?
In the last 5 years, the lowest margins reported by OKE were 18.7% gross in Sep 2022, 11.9% operating in Sep 2022, 15.1% EBITDA in Sep 2022, and 7.1% net in Sep 2022.