ONEOK INC (OKE) Stock Fundamental Analysis

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

81.84 USD
+1.38 (+1.72%)
At close: Feb 6, 2026
81.8 USD
-0.04 (-0.05%)
After Hours: 2/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall OKE gets a fundamental rating of 5 out of 10. We evaluated OKE against 207 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.
  • In the past year OKE had a positive cash flow from operations.
  • OKE had positive earnings in each of the past 5 years.
  • 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

  • OKE has a better Return On Assets (5.01%) than 65.70% of its industry peers.
  • OKE has a Return On Equity of 15.12%. This is in the better half of the industry: OKE outperforms 78.26% of its industry peers.
  • The Return On Invested Capital of OKE (7.36%) is better than 66.18% 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 21.94%.
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 of 10.58%. This is comparable to the rest of the industry: OKE outperforms 58.45% of its industry peers.
  • OKE's Profit Margin has improved in the last couple of years.
  • The Operating Margin of OKE (18.71%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of OKE has grown nicely.
  • The Gross Margin of OKE (31.97%) is comparable to the rest of the industry.
  • 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so OKE is still creating some value.
  • The number of shares outstanding for OKE remains at a similar level compared to 1 year ago.
  • OKE has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, OKE has a worse debt to assets ratio.
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

  • Based on the Altman-Z score of 1.48, we must say that OKE is in the distress zone and has some risk of bankruptcy.
  • OKE has a Altman-Z score (1.48) which is comparable to the rest of the industry.
  • OKE has a debt to FCF ratio of 11.55. This is a negative value and a sign of low solvency as OKE would need 11.55 years to pay back of all of its debts.
  • OKE has a Debt to FCF ratio (11.55) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.45 is on the high side and indicates that OKE has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.45, OKE is doing worse than 73.91% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 11.55
Altman-Z 1.48
ROIC/WACC0.95
WACC7.76%
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 61.84% of its industry peers.
  • A Quick Ratio of 0.75 indicates that OKE may have some problems paying its short term obligations.
  • The Quick ratio of OKE (0.75) is worse than 63.77% 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.
  • OKE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.99% yearly.
  • Looking at the last year, OKE shows a very strong growth in Revenue. The Revenue has grown by 58.35%.
  • The Revenue has been growing by 16.38% on average over the past years. This is quite good.
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

  • OKE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.74% yearly.
  • The Revenue is expected to grow by 9.99% on average over the next years. This is quite good.
EPS Next Y6.06%
EPS Next 2Y7.64%
EPS Next 3Y7.94%
EPS Next 5Y7.74%
Revenue Next Year54.7%
Revenue Next 2Y28.94%
Revenue Next 3Y20.55%
Revenue Next 5Y9.99%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • OKE is valuated correctly with a Price/Earnings ratio of 15.04.
  • OKE's Price/Earnings ratio is a bit cheaper when compared to the industry. OKE is cheaper than 61.84% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.92. OKE is valued slightly cheaper when compared to this.
  • OKE is valuated correctly with a Price/Forward Earnings ratio of 13.66.
  • 63.28% of the companies in the same industry are more expensive than OKE, based on the Price/Forward Earnings ratio.
  • OKE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.78.
Industry RankSector Rank
PE 15.04
Fwd PE 13.66
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.
  • 60.39% of the companies in the same industry are more expensive than OKE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 17.64
EV/EBITDA 11.27
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.
  • The decent profitability rating of OKE may justify a higher PE ratio.
PEG (NY)2.48
PEG (5Y)1.37
EPS Next 2Y7.64%
EPS Next 3Y7.94%

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

8

5. Dividend

5.1 Amount

  • OKE has a Yearly Dividend Yield of 5.45%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.64, OKE pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, OKE pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.45%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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

  • OKE pays out 75.29% of its income as dividend. This is not a sustainable payout ratio.
  • OKE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP75.29%
EPS Next 2Y7.64%
EPS Next 3Y7.94%
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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Find the best dividend stocksShow peers with best dividend

ONEOK INC

NYSE:OKE (2/6/2026, 8:04:00 PM)

After market: 81.8 -0.04 (-0.05%)

81.84

+1.38 (+1.72%)

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 Change-1.12%
Ins Owners0.16%
Ins Owner Change0.11%
Market Cap51.50B
Revenue(TTM)31.56B
Net Income(TTM)3.34B
Analysts79.2
Price Target90.42 (10.48%)
Short Float %3.7%
Short Ratio5.44
Dividend
Industry RankSector Rank
Dividend Yield 5.45%
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)0%
PT rev (3m)-3.06%
EPS NQ rev (1m)-1.33%
EPS NQ rev (3m)-2.79%
EPS NY rev (1m)-0.1%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)4.24%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)1.96%
Valuation
Industry RankSector Rank
PE 15.04
Fwd PE 13.66
P/S 1.63
P/FCF 17.64
P/OCF 9.09
P/B 2.33
P/tB 4.67
EV/EBITDA 11.27
EPS(TTM)5.44
EY6.65%
EPS(NY)5.99
Fwd EY7.32%
FCF(TTM)4.64
FCFY5.67%
OCF(TTM)9
OCFY11%
SpS50.16
BVpS35.09
TBVpS17.54
PEG (NY)2.48
PEG (5Y)1.37
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 1.48
F-Score6
WACC7.76%
ROIC/WACC0.95
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 Y6.06%
EPS Next 2Y7.64%
EPS Next 3Y7.94%
EPS Next 5Y7.74%
Revenue 1Y (TTM)58.35%
Revenue growth 3Y9.47%
Revenue growth 5Y16.38%
Sales Q2Q%71.89%
Revenue Next Year54.7%
Revenue Next 2Y28.94%
Revenue Next 3Y20.55%
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 5 / 10 to OKE.


What is the valuation status for OKE stock?

ChartMill assigns a valuation rating of 5 / 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 15.04 and the Price/Book (PB) ratio is 2.33.


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%.