ONEOK INC (OKE) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:OKE • US6826801036

84.54 USD
+1.08 (+1.29%)
Last: Feb 11, 2026, 10:37 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to OKE. OKE was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of OKE while its profitability can be described as average. OKE has a correct valuation and a medium growth rate. OKE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • OKE had positive earnings in the past year.
  • OKE had a positive operating cash flow in the past year.
  • In the past 5 years OKE has always been profitable.
  • Each year in the past 5 years OKE had a positive operating cash flow.
OKE Yearly Net Income VS EBIT VS OCF VS FCFOKE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

1.2 Ratios

  • The Return On Assets of OKE (5.01%) is better than 65.53% of its industry peers.
  • With a decent Return On Equity value of 15.12%, OKE is doing good in the industry, outperforming 78.16% of the companies in the same industry.
  • OKE has a better Return On Invested Capital (7.36%) than 67.48% of its industry peers.
  • OKE had an Average Return On Invested Capital over the past 3 years of 7.98%. This is significantly below the industry average of 22.01%.
Industry RankSector Rank
ROA 5.01%
ROE 15.12%
ROIC 7.36%
ROA(3y)5.93%
ROA(5y)5.36%
ROE(3y)20.15%
ROE(5y)19.1%
ROIC(3y)7.98%
ROIC(5y)8.09%
OKE Yearly ROA, ROE, ROICOKE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 50 100 150

1.3 Margins

  • OKE has a Profit Margin (10.58%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of OKE has grown nicely.
  • The Operating Margin of OKE (18.71%) is comparable to the rest of the industry.
  • OKE's Operating Margin has improved in the last couple of years.
  • OKE's Gross Margin of 31.97% is in line compared to the rest of the industry. OKE outperforms 42.72% of its industry peers.
  • In the last couple of years the Gross Margin of OKE has grown nicely.
Industry RankSector Rank
OM 18.71%
PM (TTM) 10.58%
GM 31.97%
OM growth 3Y14.14%
OM growth 5Y4.34%
PM growth 3Y15.56%
PM growth 5Y2.16%
GM growth 3Y14.28%
GM growth 5Y3.08%
OKE Yearly Profit, Operating, Gross MarginsOKE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), OKE is creating some value.
  • OKE has about the same amout of shares outstanding than it did 1 year ago.
  • OKE has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for OKE is higher compared to a year ago.
OKE Yearly Shares OutstandingOKE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
OKE Yearly Total Debt VS Total AssetsOKE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • OKE has an Altman-Z score of 1.51. This is a bad value and indicates that OKE is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.51, OKE is in line with its industry, outperforming 56.80% of the companies in the same industry.
  • The Debt to FCF ratio of OKE is 11.55, which is on the high side as it means it would take OKE, 11.55 years of fcf income to pay off all of its debts.
  • OKE has a Debt to FCF ratio (11.55) which is in line with its industry peers.
  • OKE has a Debt/Equity ratio of 1.45. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.45, OKE is not doing good in the industry: 73.79% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 11.55
Altman-Z 1.51
ROIC/WACC1.04
WACC7.1%
OKE Yearly LT Debt VS Equity VS FCFOKE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B

2.3 Liquidity

  • OKE has a Current Ratio of 0.90. This is a bad value and indicates that OKE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • OKE has a worse Current ratio (0.90) than 62.14% of its industry peers.
  • A Quick Ratio of 0.75 indicates that OKE may have some problems paying its short term obligations.
  • OKE has a worse Quick ratio (0.75) than 64.08% of its industry peers.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.75
OKE Yearly Current Assets VS Current LiabilitesOKE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • OKE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.81%, which is quite good.
  • Measured over the past years, OKE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.99% on average per year.
  • OKE shows a strong growth in Revenue. In the last year, the Revenue has grown by 58.35%.
  • Measured over the past years, OKE shows a quite strong growth in Revenue. The Revenue has been growing by 16.38% on average per year.
EPS 1Y (TTM)13.81%
EPS 3Y15.45%
EPS 5Y10.99%
EPS Q2Q%26.27%
Revenue 1Y (TTM)58.35%
Revenue growth 3Y9.47%
Revenue growth 5Y16.38%
Sales Q2Q%71.89%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.74% on average over the next years.
  • The Revenue is expected to grow by 9.99% on average over the next years. This is quite good.
EPS Next Y5.76%
EPS Next 2Y6.96%
EPS Next 3Y7.26%
EPS Next 5Y7.74%
Revenue Next Year54.61%
Revenue Next 2Y28.8%
Revenue Next 3Y20.4%
Revenue Next 5Y9.99%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
OKE Yearly Revenue VS EstimatesOKE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
OKE Yearly EPS VS EstimatesOKE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2 4 6 8

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4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.54, OKE is valued correctly.
  • Compared to the rest of the industry, the Price/Earnings ratio of OKE indicates a somewhat cheap valuation: OKE is cheaper than 60.68% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.03. OKE is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 14.29, the valuation of OKE can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of OKE indicates a somewhat cheap valuation: OKE is cheaper than 62.62% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of OKE to the average of the S&P500 Index (27.97), we can say OKE is valued slightly cheaper.
Industry RankSector Rank
PE 15.54
Fwd PE 14.29
OKE Price Earnings VS Forward Price EarningsOKE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • OKE's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of OKE is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 18.22
EV/EBITDA 11.53
OKE Per share dataOKE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • OKE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.7
PEG (5Y)1.41
EPS Next 2Y6.96%
EPS Next 3Y7.26%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.32%, OKE is a good candidate for dividend investing.
  • OKE's Dividend Yield is a higher than the industry average which is at 3.64.
  • OKE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 5.32%

5.2 History

  • The dividend of OKE has a limited annual growth rate of 2.34%.
  • OKE has paid a dividend for at least 10 years, which is a reliable track record.
  • OKE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.34%
Div Incr Years2
Div Non Decr Years34
OKE Yearly Dividends per shareOKE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 75.29% of the earnings are spent on dividend by OKE. This is not a sustainable payout ratio.
  • The dividend of OKE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP75.29%
EPS Next 2Y6.96%
EPS Next 3Y7.26%
OKE Yearly Income VS Free CF VS DividendOKE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B
OKE Dividend Payout.OKE Dividend Payout, showing the Payout Ratio.OKE Dividend Payout.PayoutRetained Earnings

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ONEOK INC

NYSE:OKE (2/11/2026, 10:37:08 AM)

84.54

+1.08 (+1.29%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-28
Earnings (Next)02-23
Inst Owners75.11%
Inst Owner Change0.33%
Ins Owners0.16%
Ins Owner Change0.25%
Market Cap53.20B
Revenue(TTM)31.56B
Net Income(TTM)3.34B
Analysts79.2
Price Target89.31 (5.64%)
Short Float %3.7%
Short Ratio5.44
Dividend
Industry RankSector Rank
Dividend Yield 5.32%
Yearly Dividend3.97
Dividend Growth(5Y)2.34%
DP75.29%
Div Incr Years2
Div Non Decr Years34
Ex-Date02-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.71%
Min EPS beat(2)-0.48%
Max EPS beat(2)1.9%
EPS beat(4)2
Avg EPS beat(4)-2.96%
Min EPS beat(4)-17.53%
Max EPS beat(4)4.26%
EPS beat(8)3
Avg EPS beat(8)-2.07%
EPS beat(12)5
Avg EPS beat(12)-5.86%
EPS beat(16)7
Avg EPS beat(16)-4.17%
Revenue beat(2)2
Avg Revenue beat(2)0.9%
Min Revenue beat(2)0.22%
Max Revenue beat(2)1.57%
Revenue beat(4)4
Avg Revenue beat(4)2.03%
Min Revenue beat(4)0.22%
Max Revenue beat(4)3.39%
Revenue beat(8)4
Avg Revenue beat(8)-8.6%
Revenue beat(12)4
Avg Revenue beat(12)-12.56%
Revenue beat(16)7
Avg Revenue beat(16)-6.81%
PT rev (1m)-1.22%
PT rev (3m)-4.25%
EPS NQ rev (1m)-1.5%
EPS NQ rev (3m)-1.6%
EPS NY rev (1m)-0.38%
EPS NY rev (3m)1.02%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)-0.16%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)0.65%
Valuation
Industry RankSector Rank
PE 15.54
Fwd PE 14.29
P/S 1.69
P/FCF 18.22
P/OCF 9.39
P/B 2.41
P/tB 4.82
EV/EBITDA 11.53
EPS(TTM)5.44
EY6.43%
EPS(NY)5.92
Fwd EY7%
FCF(TTM)4.64
FCFY5.49%
OCF(TTM)9
OCFY10.65%
SpS50.16
BVpS35.09
TBVpS17.54
PEG (NY)2.7
PEG (5Y)1.41
Graham Number65.54
Profitability
Industry RankSector Rank
ROA 5.01%
ROE 15.12%
ROCE 9.7%
ROIC 7.36%
ROICexc 7.51%
ROICexgc 9.21%
OM 18.71%
PM (TTM) 10.58%
GM 31.97%
FCFM 9.25%
ROA(3y)5.93%
ROA(5y)5.36%
ROE(3y)20.15%
ROE(5y)19.1%
ROIC(3y)7.98%
ROIC(5y)8.09%
ROICexc(3y)8.06%
ROICexc(5y)8.19%
ROICexgc(3y)9.18%
ROICexgc(5y)8.99%
ROCE(3y)10.52%
ROCE(5y)10.66%
ROICexgc growth 3Y-7.08%
ROICexgc growth 5Y1.14%
ROICexc growth 3Y-12.27%
ROICexc growth 5Y-2.07%
OM growth 3Y14.14%
OM growth 5Y4.34%
PM growth 3Y15.56%
PM growth 5Y2.16%
GM growth 3Y14.28%
GM growth 5Y3.08%
F-Score6
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 11.55
Debt/EBITDA 4.34
Cap/Depr 186.67%
Cap/Sales 8.69%
Interest Coverage 250
Cash Conversion 76.78%
Profit Quality 87.45%
Current Ratio 0.9
Quick Ratio 0.75
Altman-Z 1.51
F-Score6
WACC7.1%
ROIC/WACC1.04
Cap/Depr(3y)192.54%
Cap/Depr(5y)213.81%
Cap/Sales(3y)7.9%
Cap/Sales(5y)10.72%
Profit Quality(3y)99.94%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.81%
EPS 3Y15.45%
EPS 5Y10.99%
EPS Q2Q%26.27%
EPS Next Y5.76%
EPS Next 2Y6.96%
EPS Next 3Y7.26%
EPS Next 5Y7.74%
Revenue 1Y (TTM)58.35%
Revenue growth 3Y9.47%
Revenue growth 5Y16.38%
Sales Q2Q%71.89%
Revenue Next Year54.61%
Revenue Next 2Y28.8%
Revenue Next 3Y20.4%
Revenue Next 5Y9.99%
EBIT growth 1Y29.68%
EBIT growth 3Y24.95%
EBIT growth 5Y21.43%
EBIT Next Year50.64%
EBIT Next 3Y18.41%
EBIT Next 5Y12.34%
FCF growth 1Y10.38%
FCF growth 3Y15.73%
FCF growth 5YN/A
OCF growth 1Y43.27%
OCF growth 3Y24.28%
OCF growth 5Y20.22%

ONEOK INC / OKE FAQ

What is the ChartMill fundamental rating of ONEOK INC (OKE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to OKE.


What is the valuation status for OKE stock?

ChartMill assigns a valuation rating of 4 / 10 to ONEOK INC (OKE). This can be considered as Fairly Valued.


Can you provide the profitability details for ONEOK INC?

ONEOK INC (OKE) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for OKE stock?

The Price/Earnings (PE) ratio for ONEOK INC (OKE) is 15.54 and the Price/Book (PB) ratio is 2.41.


Is the dividend of ONEOK INC sustainable?

The dividend rating of ONEOK INC (OKE) is 8 / 10 and the dividend payout ratio is 75.29%.