ONEOK Net Income vs. Profit Margin
| OKE Stock | USD 100.08 2.42 2.48% |
Net Income | First Reported 1989-09-30 | Previous Quarter 780 M | Current Value 693 M | Quarterly Volatility 175.9 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.26 | 0.2817 |
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| Net Profit Margin | 0.16 | 0.1504 |
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| Operating Profit Margin | 0.24 | 0.2304 |
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| Pretax Profit Margin | 0.21 | 0.1978 |
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| Return On Assets | 0.0631 | 0.0601 |
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| Return On Equity | 0.18 | 0.1613 |
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For ONEOK profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ONEOK to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ONEOK Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ONEOK's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ONEOK Inc over time as well as its relative position and ranking within its peers.
ONEOK |
ONEOK's Revenue Breakdown by Earning Segment
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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.
ONEOK Inc Profit Margin vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ONEOK's current stock value. Our valuation model uses many indicators to compare ONEOK value to that of its competitors to determine the firm's financial worth. ONEOK Inc is rated below average in net income category among its peers. It is regarded fifth in profit margin category among its peers . The ratio of Net Income to Profit Margin for ONEOK Inc is about 18,925,266,904 . At present, ONEOK's Net Income is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value ONEOK by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ONEOK Profit Margin vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
ONEOK |
| = | 2.66 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
ONEOK |
| = | 0.14 % |
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
ONEOK Profit Margin Comparison
ONEOK is currently under evaluation in profit margin category among its peers.
ONEOK Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ONEOK, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ONEOK will eventually generate negative long term returns. The profitability progress is the general direction of ONEOK's change in net profit over the period of time. It can combine multiple indicators of ONEOK, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -33 M | -34.6 M | |
| Operating Income | 4.1 B | 4.3 B | |
| Net Income | 2.7 B | 2.8 B | |
| Income Tax Expense | 838 M | 879.9 M | |
| Income Before Tax | 3.5 B | 3.7 B | |
| Total Other Income Expense Net | -575 M | -546.2 M | |
| Net Income Applicable To Common Shares | 2 B | 2.1 B | |
| Net Income From Continuing Ops | 2.5 B | 2.6 B | |
| Non Operating Income Net Other | 262.7 M | 275.8 M | |
| Interest Income | 607.5 M | 454.4 M | |
| Net Interest Income | -726.9 M | -763.3 M | |
| Change To Netincome | 637.3 M | 325.9 M | |
| Net Income Per Share | 5.49 | 5.76 | |
| Income Quality | 1.66 | 2.18 | |
| Net Income Per E B T | 0.76 | 0.46 |
ONEOK Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ONEOK. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ONEOK position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ONEOK's important profitability drivers and their relationship over time.
Use ONEOK in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ONEOK position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ONEOK will appreciate offsetting losses from the drop in the long position's value.ONEOK Pair Trading
ONEOK Inc Pair Trading Analysis
The ability to find closely correlated positions to ONEOK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ONEOK when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ONEOK - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ONEOK Inc to buy it.
The correlation of ONEOK is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ONEOK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ONEOK Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ONEOK can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your ONEOK position
In addition to having ONEOK in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Cash Cows Thematic Idea Now
Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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To fully project ONEOK's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ONEOK Inc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include ONEOK's income statement, its balance sheet, and the statement of cash flows.