Oneok
Oneok returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 8.5% | 10.25% | 37.14% | 16.33% | 5.49% | 4.1 pp |
| FY 2026 Q1 | Mar 31, 2026 | 8.3% | 10.04% | 33.69% | 16.15% | 5.33% | 3.9 pp |
| FY 2025 Q4 | Dec 31, 2025 | 8.14% | 9.6% | 35.47% | 17.17% | 5.19% | 3.7 pp |
| FY 2025 Q3 | Sep 30, 2025 | 8.89% | 10.66% | 9.57% | 17.14% | — | 4.5 pp |
| FY 2025 Q2 | Jun 30, 2025 | 8.79% | 10.86% | 6.02% | 16.05% | — | 4.4 pp |
| FY 2025 Q1 | Mar 31, 2025 | 8.49% | 10.47% | 7.43% | 16.03% | — | 4.1 pp |
| FY 2024 Q4 | Dec 31, 2024 | 8.28% | 9.96% | 4.35% | 18.1% | 5.6% | 3.9 pp |
| FY 2024 Q3 | Sep 30, 2024 | 8.32% | 10.26% | 8.92% | 16.87% | 5.9% | 3.9 pp |
| FY 2024 Q2 | Jun 30, 2024 | 10.74% | 13.1% | 1.68% | 21.4% | 7.47% | 6.3 pp |
| FY 2024 Q1 | Mar 31, 2024 | 9.51% | 11.65% | -0.12% | 19.07% | 6.53% | 5.1 pp |
| FY 2023 Q4 | Dec 31, 2023 | 10.73% | 13.11% | 5.28% | 23.14% | 7.75% | 6.3 pp |
| FY 2023 Q3 | Sep 30, 2023 | 9.82% | 12.24% | 4.47% | 21.71% | 7.18% | 5.4 pp |
| FY 2023 Q2 | Jun 30, 2023 | 14.25% | 17.01% | 748.65% | 36.5% | 10.02% | 9.8 pp |
| FY 2023 Q1 | Mar 31, 2023 | 14.13% | 17.02% | — | 36.25% | 9.82% | 9.7 pp |
| FY 2022 Q4 | Dec 31, 2022 | 10.91% | 13.44% | 48.9% | 27.52% | 7.18% | 6.5 pp |
| FY 2022 Q3 | Sep 30, 2022 | 10.28% | 13.07% | 58.6% | 26.59% | 6.69% | 5.9 pp |
| FY 2022 Q2 | Jun 30, 2022 | 10.25% | 12.75% | 619.97% | 26.21% | 6.58% | 5.9 pp |
| FY 2022 Q1 | Mar 31, 2022 | 9.91% | 12.46% | — | 24.87% | 6.38% | 5.5 pp |
| FY 2021 Q4 | Dec 31, 2021 | 9.99% | 12.31% | — | 24.86% | 6.42% | 5.6 pp |
| FY 2021 Q3 | Sep 30, 2021 | 9.5% | 11.61% | — | 23.81% | 6.12% | 5.1 pp |
| FY 2021 Q2 | Jun 30, 2021 | 9.11% | 11.06% | 634.45% | 22.18% | 5.81% | 4.7 pp |
| FY 2021 Q1 | Mar 31, 2021 | 8.17% | 10.04% | 78.91% | 19.55% | 5.05% | 3.8 pp |
| FY 2020 Q4 | Dec 31, 2020 | 5.38% | 6.56% | -52.61% | 9.97% | 2.73% | 1 pp |
| FY 2020 Q3 | Sep 30, 2020 | 5.27% | 6.32% | -24.08% | 10.09% | 2.83% | 0.9 pp |
| FY 2020 Q2 | Jun 30, 2020 | 5.22% | 6.25% | -20.97% | 9.86% | 2.91% | 0.8 pp |
| FY 2020 Q1 | Mar 31, 2020 | 5.84% | 7.15% | -16.43% | 13.3% | 3.91% | 1.4 pp |
| FY 2019 Q4 | Dec 31, 2019 | 8.51% | 10.66% | 2.9% | 19.95% | 6.39% | 4.1 pp |
| FY 2019 Q3 | Sep 30, 2019 | 8.73% | 10.78% | 13.32% | 19.42% | 6.38% | 4.3 pp |
| FY 2019 Q2 | Jun 30, 2019 | 9.16% | 11.82% | 23.19% | 19.28% | 6.85% | 4.8 pp |
| FY 2019 Q1 | Mar 31, 2019 | 9.19% | 11.92% | 31.11% | 18.61% | 6.92% | 4.8 pp |
| FY 2018 Q4 | Dec 31, 2018 | 9.09% | 12.11% | 52.45% | 19.01% | 6.57% | 4.7 pp |
| FY 2018 Q3 | Sep 30, 2018 | 7.42% | 11.95% | 27.76% | 15.33% | 5.32% | 3 pp |
| FY 2018 Q2 | Jun 30, 2018 | 6.55% | 11.49% | -20.04% | 12.81% | 4.61% | 2.1 pp |
| FY 2018 Q1 | Mar 31, 2018 | 6.34% | 10.72% | -5.93% | 16.25% | 3.48% | 1.9 pp |
| FY 2017 Q4 | Dec 31, 2017 | 5.75% | 10.05% | -9.84% | 13.54% | 2.35% | 1.3 pp |
| FY 2017 Q3 | Sep 30, 2017 | 7.05% | 9.49% | 3.07% | 14.88% | 2.54% | 2.7 pp |
| FY 2017 Q2 | Jun 30, 2017 | 7.34% | 9.4% | 5.97% | 12.1% | 2.1% | 2.9 pp |
| FY 2017 Q1 | Mar 31, 2017 | 7.85% | 9.52% | 347.31% | 135.53% | 2.26% | 3.4 pp |
| FY 2016 Q4 | Dec 31, 2016 | 7.92% | 9.48% | — | 134.23% | 2.23% | 3.5 pp |
| FY 2016 Q3 | Sep 30, 2016 | 7.12% | 8.81% | — | 91.31% | 1.82% | 2.7 pp |
| FY 2016 Q2 | Jun 30, 2016 | 6.97% | 8.65% | 98.01% | 73.4% | 1.76% | 2.6 pp |
| FY 2016 Q1 | Mar 31, 2016 | 6.67% | 8.32% | 16.91% | 65.51% | 1.72% | 2.3 pp |
| FY 2015 Q4 | Dec 31, 2015 | 5.94% | 7.46% | -35.4% | 52.8% | 1.59% | 1.5 pp |
| FY 2015 Q3 | Sep 30, 2015 | 6.97% | 8.14% | -5.22% | 60.52% | 2.11% | 2.6 pp |
| FY 2015 Q2 | Jun 30, 2015 | 6.96% | 8.35% | -3.43% | 50.48% | 1.97% | 2.6 pp |
| FY 2015 Q1 | Mar 31, 2015 | 7.02% | 8.45% | -0.19% | 50.49% | 1.93% | 2.6 pp |
| FY 2014 Q4 | Dec 31, 2014 | 7.43% | 8.19% | — | 21.44% | 1.9% | 3 pp |
| FY 2014 Q3 | Sep 30, 2014 | 7.98% | 8.22% | — | 22.06% | 1.94% | 3.6 pp |
| FY 2014 Q2 | Jun 30, 2014 | 7.91% | 8.32% | — | 22.48% | 2.04% | 3.5 pp |
| FY 2014 Q1 | Mar 31, 2014 | 7.7% | 7.62% | — | 18.21% | 1.7% | 3.3 pp |
| FY 2013 Q4 | Dec 31, 2013 | 6.01% | 6.61% | -6.35% | 11.93% | 1.59% | 1.6 pp |
| FY 2013 Q3 | Sep 30, 2013 | 6.61% | 6.68% | -7.16% | 13.5% | 1.74% | 2.2 pp |
| FY 2013 Q2 | Jun 30, 2013 | 7.09% | 7.63% | -8.3% | 13.9% | 1.96% | 2.7 pp |
| FY 2013 Q1 | Mar 31, 2013 | 8.12% | 8.48% | -7.33% | 15.96% | 2.36% | 3.7 pp |
| FY 2012 Q4 | Dec 31, 2012 | 8.68% | 9.39% | -1.75% | 16.51% | 2.44% | 4.3 pp |
| FY 2012 Q3 | Sep 30, 2012 | 9.98% | 10.09% | 9.74% | 17.13% | 2.55% | 5.6 pp |
| FY 2012 Q2 | Jun 30, 2012 | 10.47% | 10.77% | 17.27% | 16.68% | 2.68% | 6.1 pp |
| FY 2012 Q1 | Mar 31, 2012 | 10.24% | 10.32% | 30.97% | 14.86% | 2.59% | 5.8 pp |
| FY 2011 Q4 | Dec 31, 2011 | 10.6% | 11.71% | 53.01% | 15.39% | 2.75% | 6.2 pp |
| FY 2011 Q3 | Sep 30, 2011 | 9.39% | 10.62% | — | 14.29% | 2.62% | 5 pp |
| FY 2011 Q2 | Jun 30, 2011 | 8.88% | 10.03% | — | 14.06% | 2.57% | 4.5 pp |
| FY 2011 Q1 | Mar 31, 2011 | 8.17% | 9.19% | — | 12.71% | 2.45% | 3.8 pp |
| FY 2010 Q4 | Dec 31, 2010 | 8.33% | 10.02% | 25.7% | 14.37% | 2.64% | 3.9 pp |
| FY 2010 Q3 | Sep 30, 2010 | — | 10.43% | — | 15.15% | 2.88% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 10.33% | — | 14.85% | 2.82% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 4.4%, rounded from the Utility · General benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · OKE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.