ONEOK Free Cash Flow vs Net Income Analysis

OKE Stock

USD 100.83 0.42 0.41%

ONEOK financial indicator trend analysis is much more than just breaking down ONEOK Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ONEOK Inc is a good investment. Please check the relationship between ONEOK Free Cash Flow and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ONEOK Inc Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between ONEOK's Free Cash Flow and Net Income is 0.74. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of ONEOK Inc, assuming nothing else is changed. The correlation between historical values of ONEOK's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of ONEOK Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., ONEOK's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ONEOK Inc financial statement analysis. It represents the amount of money remaining after all of ONEOK Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from ONEOK's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ONEOK Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

The current year's Enterprise Value is expected to grow to about 5.6 B, whereas Selling General Administrative is forecasted to decline to about 15.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	3.7B	3.9B	5.0B	5.2B
Total Revenue	16.5B	22.4B	17.7B	18.6B

Gross Profit Total Revenue

ONEOK fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Other Stockholder Equity	Property Plant And Equipment Gross	Other Liab
Common Stock Shares Outstanding		0.82	0.88	0.62	0.34	0.84	0.88	0.88	-0.31	0.44	0.24	0.83	-0.01	0.22	0.44	0.85	0.68	0.45	0.84	0.49	-0.16	-0.43	0.96	0.87	0.87	0.55
Total Assets	0.82		0.98	0.89	0.48	0.93	0.99	0.98	-0.01	0.49	0.43	1.0	0.09	0.42	0.55	0.99	0.64	0.62	0.99	0.61	0.0	-0.46	0.83	0.9	0.98	0.71
Short Long Term Debt Total	0.88	0.98		0.81	0.43	0.9	1.0	1.0	-0.16	0.44	0.43	0.98	-0.03	0.41	0.5	0.99	0.6	0.54	0.99	0.56	-0.03	-0.49	0.89	0.89	0.98	0.73
Other Current Liab	0.62	0.89	0.81		0.64	0.81	0.82	0.8	0.39	0.63	0.51	0.86	0.21	0.53	0.72	0.84	0.72	0.87	0.87	0.8	0.15	-0.43	0.58	0.72	0.84	0.56
Total Current Liabilities	0.34	0.48	0.43	0.64		0.32	0.44	0.43	0.37	0.89	0.2	0.45	-0.11	0.23	0.9	0.44	0.69	0.66	0.52	0.83	0.69	-0.73	0.37	0.23	0.44	0.27
Total Stockholder Equity	0.84	0.93	0.9	0.81	0.32		0.93	0.9	-0.06	0.39	0.28	0.94	0.31	0.27	0.44	0.89	0.66	0.56	0.89	0.5	-0.18	-0.23	0.82	0.99	0.93	0.6
Property Plant And Equipment Net	0.88	0.99	1.0	0.82	0.44	0.93		1.0	-0.13	0.45	0.39	0.99	0.02	0.38	0.5	0.99	0.62	0.56	0.99	0.56	-0.04	-0.46	0.88	0.91	0.99	0.73
Net Debt	0.88	0.98	1.0	0.8	0.43	0.9	1.0		-0.17	0.44	0.4	0.98	-0.03	0.39	0.5	0.99	0.6	0.53	0.99	0.55	-0.03	-0.49	0.89	0.9	0.98	0.73
Retained Earnings	-0.31	-0.01	-0.16	0.39	0.37	-0.06	-0.13	-0.17		0.48	0.29	-0.05	0.48	0.34	0.49	-0.08	0.33	0.51	-0.03	0.53	0.12	-0.13	-0.35	-0.22	-0.13	-0.24
Accounts Payable	0.44	0.49	0.44	0.63	0.89	0.39	0.45	0.44	0.48		0.18	0.46	0.15	0.2	0.94	0.46	0.84	0.65	0.52	0.89	0.34	-0.71	0.46	0.29	0.44	0.1
Cash	0.24	0.43	0.43	0.51	0.2	0.28	0.39	0.4	0.29	0.18		0.41	-0.06	1.0	0.33	0.47	0.24	0.38	0.47	0.54	-0.03	-0.29	0.29	0.23	0.37	0.34
Non Current Assets Total	0.83	1.0	0.98	0.86	0.45	0.94	0.99	0.98	-0.05	0.46	0.41		0.08	0.39	0.51	0.99	0.61	0.59	0.99	0.57	-0.02	-0.44	0.83	0.91	0.98	0.72
Non Currrent Assets Other	-0.01	0.09	-0.03	0.21	-0.11	0.31	0.02	-0.03	0.48	0.15	-0.06	0.08		-0.05	0.04	-0.01	0.25	0.17	-0.01	0.09	-0.42	0.21	-0.03	0.24	-0.02	-0.43
Cash And Short Term Investments	0.22	0.42	0.41	0.53	0.23	0.27	0.38	0.39	0.34	0.2	1.0	0.39	-0.05		0.35	0.46	0.26	0.43	0.46	0.56	0.0	-0.3	0.25	0.21	0.36	0.33
Net Receivables	0.44	0.55	0.5	0.72	0.9	0.44	0.5	0.5	0.49	0.94	0.33	0.51	0.04	0.35		0.52	0.84	0.72	0.58	0.96	0.38	-0.63	0.46	0.34	0.52	0.26
Non Current Liabilities Total	0.85	0.99	0.99	0.84	0.44	0.89	0.99	0.99	-0.08	0.46	0.47	0.99	-0.01	0.46	0.52		0.61	0.58	1.0	0.59	-0.04	-0.49	0.85	0.87	0.98	0.74
Inventory	0.68	0.64	0.6	0.72	0.69	0.66	0.62	0.6	0.33	0.84	0.24	0.61	0.25	0.26	0.84	0.61		0.69	0.64	0.86	0.03	-0.46	0.62	0.59	0.63	0.32
Other Current Assets	0.45	0.62	0.54	0.87	0.66	0.56	0.56	0.53	0.51	0.65	0.38	0.59	0.17	0.43	0.72	0.58	0.69		0.62	0.79	0.22	-0.39	0.34	0.45	0.59	0.31
Total Liab	0.84	0.99	0.99	0.87	0.52	0.89	0.99	0.99	-0.03	0.52	0.47	0.99	-0.01	0.46	0.58	1.0	0.64	0.62		0.64	0.04	-0.53	0.84	0.86	0.98	0.73
Total Current Assets	0.49	0.61	0.56	0.8	0.83	0.5	0.56	0.55	0.53	0.89	0.54	0.57	0.09	0.56	0.96	0.59	0.86	0.79	0.64		0.26	-0.61	0.49	0.4	0.57	0.3
Short Term Debt	-0.16	0.0	-0.03	0.15	0.69	-0.18	-0.04	-0.03	0.12	0.34	-0.03	-0.02	-0.42	0.0	0.38	-0.04	0.03	0.22	0.04	0.26		-0.45	-0.1	-0.23	-0.02	0.12
Common Stock	-0.43	-0.46	-0.49	-0.43	-0.73	-0.23	-0.46	-0.49	-0.13	-0.71	-0.29	-0.44	0.21	-0.3	-0.63	-0.49	-0.46	-0.39	-0.53	-0.61	-0.45		-0.52	-0.17	-0.39	-0.15
Common Stock Total Equity	0.96	0.83	0.89	0.58	0.37	0.82	0.88	0.89	-0.35	0.46	0.29	0.83	-0.03	0.25	0.46	0.85	0.62	0.34	0.84	0.49	-0.1	-0.52		0.85	0.86	0.51
Other Stockholder Equity	0.87	0.9	0.89	0.72	0.23	0.99	0.91	0.9	-0.22	0.29	0.23	0.91	0.24	0.21	0.34	0.87	0.59	0.45	0.86	0.4	-0.23	-0.17	0.85		0.92	0.62
Property Plant And Equipment Gross	0.87	0.98	0.98	0.84	0.44	0.93	0.99	0.98	-0.13	0.44	0.37	0.98	-0.02	0.36	0.52	0.98	0.63	0.59	0.98	0.57	-0.02	-0.39	0.86	0.92		0.77
Other Liab	0.55	0.71	0.73	0.56	0.27	0.6	0.73	0.73	-0.24	0.1	0.34	0.72	-0.43	0.33	0.26	0.74	0.32	0.31	0.73	0.3	0.12	-0.15	0.51	0.62	0.77

Click cells to compare fundamentals

ONEOK Account Relationship Matchups

ONEOK fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	415.4M	431.8M	447.4M	448.4M	485.4M	509.7M
Total Assets	21.8B	23.1B	23.6B	24.4B	44.3B	46.5B
Short Long Term Debt Total	12.7B	14.3B	13.7B	13.7B	21.8B	22.9B
Other Current Liab	390.0M	512.4M	697.0M	619.6M	1.2B	1.2B
Total Current Liabilities	2.0B	1.3B	3.2B	3.1B	3.5B	2.5B
Total Stockholder Equity	6.2B	6.0B	6.0B	6.5B	16.5B	17.3B
Property Plant And Equipment Net	18.3B	19.2B	19.3B	20.0B	32.7B	34.3B
Net Debt	12.7B	13.8B	13.6B	13.5B	21.4B	22.5B
Accounts Payable	1.2B	719.3M	1.3B	1.4B	1.6B	1.0B
Cash	21.0M	524.5M	146.4M	220.2M	338M	354.9M
Non Current Assets Total	20.3B	21.2B	21.2B	21.8B	41.2B	43.2B
Non Currrent Assets Other	(362.7M)	(669.2B)	(1.2T)	(1.7T)	319M	335.0M
Cash And Short Term Investments	21.0M	524.5M	146.4M	220.2M	338M	354.9M
Net Receivables	835.1M	829.8M	1.4B	1.5B	1.7B	1.1B
Liabilities And Stockholders Equity	21.8B	23.1B	23.6B	24.4B	44.3B	46.5B
Non Current Liabilities Total	13.6B	15.7B	14.4B	14.8B	24.3B	25.5B
Inventory	506.7M	371.0M	580.9M	580.7M	787M	462.1M
Other Current Assets	82.3M	144.5M	205.3M	214.5M	278M	266.7M
Total Liab	15.6B	17.0B	17.6B	17.9B	27.8B	29.2B
Total Current Assets	1.5B	1.9B	2.4B	2.5B	3.1B	2.1B
Short Term Debt	229.6M	23.4M	1.1B	937M	507M	792.7M
Other Stockholder Equity	6.6B	6.6B	6.5B	6.5B	15.6B	16.4B
Property Plant And Equipment Gross	18.3B	19.2B	23.8B	25.0B	38.5B	40.4B
Accumulated Other Comprehensive Income	(374M)	(551.4M)	(471.4M)	(108.3M)	(33M)	(34.7M)
Other Liab	936.5M	1.2B	1.6B	2.1B	2.4B	2.5B
Other Assets	157.7M	375.1M	366.5M	241.3M	217.2M	417.6M
Long Term Debt	12.5B	14.2B	12.7B	12.7B	21.2B	22.2B
Treasury Stock	(851.8M)	(808.4M)	(764.3M)	(732.1M)	(658.9M)	(691.8M)
Intangible Assets	276.8M	246.1M	235.7M	225.3M	1.3B	1.4B
Property Plant Equipment	18.3B	19.3B	19.3B	82.8M	95.3M	90.5M
Current Deferred Revenue	190.8M	334.6M	333.1M	1.7T	104M	98.8M
Net Tangible Assets	6.2B	5.3B	5.3B	5.7B	6.6B	6.9B
Short Term Investments	1.3M	19.0M	805.0M	11M	12.7M	12.0M

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When determining whether ONEOK Inc is a strong investment it is important to analyze ONEOK's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ONEOK's future performance. For an informed investment choice regarding ONEOK Stock, refer to the following important reports:

How To Invest In ONEOK

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Is ONEOK Stock a good investment?

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What is ONEOK's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ONEOK. If investors know ONEOK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ONEOK listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.192

Dividend Share

3.96

Earnings Share

4.72

Revenue Per Share

34.116

Quarterly Revenue Growth

0.199

The market value of ONEOK Inc is measured differently than its book value, which is the value of ONEOK that is recorded on the company's balance sheet. Investors also form their own opinion of ONEOK's value that differs from its market value or its book value, called intrinsic value, which is ONEOK's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ONEOK's market value can be influenced by many factors that don't directly affect ONEOK's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ONEOK's value and its price as these two are different measures arrived at by different means. Investors typically determine if ONEOK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ONEOK's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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ONEOK Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

ONEOK fundamental ratios Correlations

ONEOK Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ONEOK fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Common Stock	- 0.73	Total Current Liabilities
Common Stock	- 0.71	Accounts Payable
Common Stock	- 0.63	Net Receivables
Common Stock	- 0.61	Total Current Assets
Common Stock	- 0.53	Total Liab
Common Stock Total Equity	- 0.52	Common Stock