What is the current annual gross margin of OKE?

As of today, OKE annual gross margin is 18.31%

What is 1-year change in OKE annual gross margin?

OKE annual gross margin is down -21.55% year-over-year

What is 3-year change in OKE annual gross margin?

OKE annual gross margin is up +34.24% over the past 3 years

How far is OKE annual gross margin from its all-time high?

OKE annual gross margin is currently -52.78% below its historical high of 38.78% set on December 31, 2002

How does OKE annual gross margin rank versus sector peers?

OKE annual gross margin is higher than 39.00% of companies in Energy sector

When is OKE next annual earnings release?

The next annual earnings release for OKE is on February 22, 2027

What is the current quarterly gross margin of OKE?

As of today, OKE quarterly gross margin is 14.99%

What is OKE quarterly gross margin most recent change?

OKE quarterly gross margin was down -7.01% on September 30, 2026

What is 1-year change in OKE quarterly gross margin?

OKE quarterly gross margin is down -21.80% year-over-year

How far is OKE quarterly gross margin from its all-time high?

OKE quarterly gross margin is currently -74.09% below its historical high of 57.85% set on August 31, 1994

How does OKE quarterly gross margin rank versus sector peers?

OKE quarterly gross margin is higher than 25.22% of companies in Energy sector

When is OKE next earnings release?

The next earnings release for OKE is on February 22, 2027

ONEOK, Inc. (OKE) Gross Margin History & Chart Since 1980

Annual Gross Margin

18.31%5.03%-21.55%

December 31, 2025

Summary

Current Value: As of today, OKE annual gross margin is 18.31%, down -21.55% on December 31, 2025
Historical Performance: OKE annual gross margin is up +34.24% over the past 3 years, down -23.58% over the past 5 years
All-Time High Comparison: OKE annual gross margin is currently -52.78% below its historical high of 38.78% set on December 31, 2002
3-Year Low Comparison: OKE annual gross margin is +34.24% above its 3-year low of 13.64% reached on an earlier date
Sector Comparison: OKE annual gross margin is higher than 39.00% of companies in Energy sector

Gross Margin Chart

beforeafter

Performance

OKE Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	18.31%	-21.6%	+34.2%	-23.6%	+168.5%
Quarterly Gross Margin	Sep 30, 26	14.99%	-21.8%	-27.4%	-8.9%	+153.6%
Price	Nov 6, 26	$85.19	+25.6%	+28.5%	+31.6%	+151.0%
PE Ratio	Nov 6, 26	13.24	+6.2%	+8.8%	-34.6%	-40.9%
Annual Revenue	Dec 31, 25	$33.58B	+55.2%	+46.8%	+297.0%	+161.1%
Annual Gross Profit	Dec 31, 25	$6.16B	+21.9%	+97.4%	+203.9%	+601.8%
Annual Operating Margin	Dec 31, 25	17.31%	-25.4%	+30.4%	-23.0%	+183.3%
Annual Net Margin	Dec 31, 25	10.29%	-28.4%	+36.6%	+41.9%	+144.4%

Gross Margin Highs

OKE Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	23.34%	Dec 31, 24	-21.6%
5Y	23.96%	N/A	-23.6%
All	38.78%	Dec 31, 02	-52.8%

Gross Margin Lows

OKE Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	13.64%	N/A	+34.2%
5Y	13.64%	Dec 31, 22	+34.2%
All	0.00%	Aug 1, 80	N/A

Gross Margin History

Year	Value	Change
2025	18.31%	-21.6%
2024	23.34%	+14.8%
2023	20.33%	+49.0%
2022	13.64%	-22.0%
2021	17.48%	-27.0%
2020	23.96%	+22.1%
2019	19.63%	+25.9%
2018	15.59%	+18.9%
2017	13.11%	-12.9%
2016	15.05%	+7.0%
2015	14.07%	+39.3%
2014	10.10%	-0.5%
2013	10.15%	+11.5%
2012	9.10%	+25.0%
2011	7.28%	+6.7%
2010	6.82%	-0.7%
2009	6.87%	+11.9%
2008	6.14%	-9.3%
2007	6.77%	-3.3%
2006	7.00%	-23.2%
2005	9.11%	-48.3%
2004	17.63%	-45.8%
2003	32.53%	-16.1%

Year	Value	Change
2002	38.78%	+240.8%
2001	11.38%	+15.7%
2000	9.84%	-27.2%
1999	13.52%	-51.7%
1998	27.99%	-10.0%
1997	31.11%	+167.3%
1996	11.64%	-12.1%
1995	13.24%	-6.0%
1994	14.09%	-3.7%
1993	14.63%	+17.7%
1992	12.43%	>+9,900.0%
1991	0.00%	0.0%
1990	0.00%	0.0%
1989	0.00%	0.0%
1988	0.00%	0.0%
1987	0.00%	0.0%
1986	0.00%	0.0%
1985	0.00%	0.0%
1984	0.00%	0.0%
1983	0.00%	0.0%
1982	0.00%	0.0%
1981	0.00%	0.0%
1980	0.00%	-

FAQ

What is the current annual gross margin of OKE?: As of today, OKE annual gross margin is 18.31%
What is 1-year change in OKE annual gross margin?: OKE annual gross margin is down -21.55% year-over-year
What is 3-year change in OKE annual gross margin?: OKE annual gross margin is up +34.24% over the past 3 years
How far is OKE annual gross margin from its all-time high?: OKE annual gross margin is currently -52.78% below its historical high of 38.78% set on December 31, 2002
How does OKE annual gross margin rank versus sector peers?: OKE annual gross margin is higher than 39.00% of companies in Energy sector
When is OKE next annual earnings release?: The next annual earnings release for OKE is on February 22, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

14.99%1.13%-7.01%

September 30, 2026

Summary

Current Value: As of today, OKE quarterly gross margin is 14.99%, down -7.01% on September 30, 2026
Historical Performance: OKE quarterly gross margin is down -21.80% year-over-year, down -27.44% over the past 3 years
All-Time High Comparison: OKE quarterly gross margin is currently -74.09% below its historical high of 57.85% set on August 31, 1994
3-Year Low Comparison: OKE quarterly gross margin is at its 3-year low
Sector Comparison: OKE quarterly gross margin is higher than 25.22% of companies in Energy sector

Performance

OKE Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	14.99%	-7.0%	-21.8%	-27.4%	-8.9%
Annual Gross Margin	Dec 31, 25	18.31%	–	-21.6%	+34.2%	-23.6%
Price	Nov 6, 26	$85.19	-3.1%	+25.6%	+28.5%	+31.6%
PE Ratio	Nov 6, 26	13.24	-12.8%	+6.2%	+8.8%	-34.6%
Quarterly Revenue	Sep 30, 26	$12.58B	+2.0%	+45.7%	+202.5%	+164.3%
Quarterly Gross Profit	Sep 30, 26	$1.89B	-5.1%	+13.9%	+119.4%	+140.6%
Quarterly Operating Margin	Sep 30, 26	14.24%	-6.6%	-21.0%	-27.4%	-8.9%
Quarterly Net Margin	Sep 30, 26	11.00%	+40.3%	+1.0%	+0.7%	+33.5%

Quarterly Gross Margin Highs

OKE Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	19.17%	N/A	-21.8%
3Y	25.56%	Jun 30, 24	-41.4%
5Y	25.56%	Jun 30, 24	-41.4%
All	57.85%	Aug 31, 94	-74.1%

Quarterly Gross Margin Lows

OKE Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	14.99%	Sep 30, 26	at low
3Y	14.99%	Sep 30, 26	at low
5Y	1.19%	Dec 31, 22	+1159.7%
All	-64.94%	Dec 31, 02	+123.1%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	14.99%	-7.0%
Jun 2026	16.12%	-0.2%
Mar 2026	16.15%	-9.0%
Dec 2025	17.74%	-7.5%
Sep 2025	19.17%	-1.9%
Jun 2025	19.54%	+16.2%
Mar 2025	16.82%	-20.4%
Dec 2024	21.13%	-12.3%
Sep 2024	24.09%	-5.8%
Jun 2024	25.56%	+6.8%
Mar 2024	23.93%	-4.9%
Dec 2023	25.16%	+21.8%
Sep 2023	20.66%	+18.9%
Jun 2023	17.38%	+4.6%
Mar 2023	16.61%	+1,295.8%
Dec 2022	1.19%	-91.5%
Sep 2022	14.03%	+8.1%
Jun 2022	12.98%	-6.7%
Mar 2022	13.91%	0.0%
Dec 2021	13.91%	-15.5%
Sep 2021	16.46%	-17.0%
Jun 2021	19.82%	-12.5%
Mar 2021	22.64%	-9.9%
Dec 2020	25.13%	-6.1%
Sep 2020	26.76%	+22.5%
Jun 2020	21.84%	-12.5%
Mar 2020	24.97%	+28.7%
Dec 2019	19.40%	-11.2%
Sep 2019	21.85%	+7.8%
Jun 2019	20.26%	+15.8%
Mar 2019	17.50%	+13.6%
Dec 2018	15.41%	-2.6%
Sep 2018	15.82%	-3.4%
Jun 2018	16.38%	-3.9%
Mar 2018	17.05%	+43.6%
Dec 2017	11.87%	-15.7%
Sep 2017	14.08%	+10.0%
Jun 2017	12.80%	-0.6%
Mar 2017	12.88%	-4.2%
Dec 2016	13.45%	-6.9%
Sep 2016	14.44%	-6.0%
Jun 2016	15.36%	-14.2%
Mar 2016	17.91%	+8.7%
Dec 2015	16.47%	+10.3%
Sep 2015	14.93%	+12.5%
Jun 2015	13.27%	+15.0%
Mar 2015	11.54%	+6.8%
Dec 2014	10.81%	+9.1%
Sep 2014	9.91%	+10.6%
Jun 2014	8.96%	-16.7%
Mar 2014	10.75%	+41.1%
Dec 2013	7.62%	-52.9%
Sep 2013	16.17%	+102.1%
Jun 2013	8.00%	-12.2%
Mar 2013	9.11%	+7.3%
Dec 2012	8.49%	+6.8%
Sep 2012	7.95%	-12.7%
Jun 2012	9.11%	-18.1%
Mar 2012	11.13%	+46.6%
Dec 2011	7.59%	+28.4%
Sep 2011	5.91%	-8.9%
Jun 2011	6.49%	-25.1%
Mar 2011	8.67%	+18.0%
Dec 2010	7.35%	+70.9%
Sep 2010	4.30%	-42.7%
Jun 2010	7.51%	-2.1%

Month	Value	Change
Mar 2010	7.67%	-3.8%
Dec 2009	7.97%	+28.8%
Sep 2009	6.19%	+23.3%
Jun 2009	5.02%	+6.1%
Mar 2009	4.73%	-23.3%
Dec 2008	6.17%	+9.8%
Sep 2008	5.62%	+13.3%
Jun 2008	4.96%	-34.6%
Mar 2008	7.58%	+8.8%
Dec 2007	6.97%	+57.3%
Sep 2007	4.43%	-19.2%
Jun 2007	5.48%	-40.9%
Mar 2007	9.27%	+27.2%
Dec 2006	7.29%	+39.4%
Sep 2006	5.23%	-25.4%
Jun 2006	7.01%	-19.9%
Mar 2006	8.75%	+117.1%
Dec 2005	4.03%	-9.0%
Sep 2005	4.43%	+8.8%
Jun 2005	4.07%	-48.9%
Mar 2005	7.96%	-36.7%
Dec 2004	12.58%	+9.3%
Sep 2004	11.51%	-60.4%
Jun 2004	29.08%	-13.4%
Mar 2004	33.58%	+7.1%
Dec 2003	31.34%	+15.4%
Sep 2003	27.15%	-34.3%
Jun 2003	41.31%	+21.4%
Mar 2003	34.02%	+152.4%
Dec 2002	-64.94%	-267.5%
Sep 2002	38.78%	+116.9%
Jun 2002	17.88%	-1.8%
Mar 2002	18.20%	+37.8%
Dec 2001	13.21%	-9.1%
Sep 2001	14.54%	+30.5%
Jun 2001	11.14%	+107.8%
Mar 2001	5.36%	-19.3%
Dec 2000	6.64%	-16.6%
Sep 2000	7.96%	-66.5%
Jun 2000	23.77%	-15.3%
Mar 2000	28.08%	+294.1%
Dec 1999	-14.47%	-173.8%
Sep 1999	19.60%	-34.6%
Jun 1999	29.97%	+7.4%
Nov 1998	27.91%	+23.2%
Aug 1998	22.65%	-22.4%
May 1998	29.19%	-4.2%
Feb 1998	30.48%	+9.2%
Nov 1997	27.91%	-24.6%
Aug 1997	37.02%	-20.8%
May 1997	46.72%	+47.9%
Feb 1997	31.58%	-22.5%
Nov 1996	40.76%	-19.7%
Aug 1996	50.73%	+55.9%
May 1996	32.55%	+18.4%
Feb 1996	27.50%	-24.8%
Nov 1995	36.56%	-14.1%
Aug 1995	42.54%	+47.8%
May 1995	28.78%	-33.2%
Feb 1995	43.11%	-15.3%
Nov 1994	50.90%	-12.0%
Aug 1994	57.85%	+34.4%
May 1994	43.04%	+10.1%
Feb 1994	39.10%	-23.0%
Nov 1993	50.79%	-

FAQ

What is the current quarterly gross margin of OKE?: As of today, OKE quarterly gross margin is 14.99%
What is OKE quarterly gross margin most recent change?: OKE quarterly gross margin was down -7.01% on September 30, 2026
What is 1-year change in OKE quarterly gross margin?: OKE quarterly gross margin is down -21.80% year-over-year
How far is OKE quarterly gross margin from its all-time high?: OKE quarterly gross margin is currently -74.09% below its historical high of 57.85% set on August 31, 1994
How does OKE quarterly gross margin rank versus sector peers?: OKE quarterly gross margin is higher than 25.22% of companies in Energy sector
When is OKE next earnings release?: The next earnings release for OKE is on February 22, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

OKE Official Website www.oneok.com/
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1039684/000103968426000006/0001039684-26-000006-index.htm
OKE Profile on Yahoo Finance finance.yahoo.com/quote/OKE
OKE Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/oke