Aureus
DWarning

ONEOK, Inc.(OKE)

D

Financial data as of Dec 31, 2024Stable · Energy

FCF Margin13.2%Free Cash Flow / Revenue
Cash Conversion161.1%Operating CF / Net Income
Free Cash Flow$2.9B
Revenue$21.7B
Net Cash-$31.3BNet debt position
Debt / FCF11.2xElevated debt burden
Current Ratio0.90Tight short-term liquidity
YoY FCF Growth+4.7%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-2Very high debt-to-FCF ratio (11.2x)
→
-1Current ratio below 1.0 (0.90)
→
FinalD

Analysis Summary

Strengths

  • Healthy FCF margin (13.2%)
  • Excellent cash conversion (161%)

Concerns

  • Heavy debt position ($31.3B)
  • High debt-to-FCF ratio (11.2x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin13.2%
Net Margin14.0%
Operating CF Margin22.5%
CapEx Ratio9.3%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$31.3BNet debt position
Debt / FCF11.2xElevated debt burden
Current Ratio0.90Tight liquidity
Debt / Equity1.88Moderate leverage

Quarterly FCF Trend

+4.7% YoYStable (+4.7%)

Free cash flow per quarter

Sector Comparison — Energy

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameONEOK, Inc.
SectorEnergy
Free Cash Flow$2.9B
Revenue$21.7B
Net Income$3.0B
Operating Cash Flow$4.9B
Capital Expenditure$2.0B
FCF Margin13.2%
Cash Conversion Rate161.1%
Net Margin14.0%
Total Debt$32.1B
Total Cash$733.0M
Net Cash-$31.3B
Current Ratio0.90
Debt / Equity1.88
Debt / FCF11.2x
YoY FCF Growth+4.7%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2024
GradeD
Data SourceYahoo Finance