Fundamental analysis · SEC EDGAR · TTM through 30/06/2026
OKE · NYSE · Energy
Fundamental quality
71
out of 100
Oneok Inc /new/ grows profitably: it increases revenue at double digits (32.1% a year) without giving up profitability (net margin 9.3%). On fundamental quality it scores 71 out of 100, profiling it as a company of reasonable quality. Its weakest area is its financial strength (net debt 4.1× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
ONEOK transports and processes natural gas liquids: the propane, butane and ethane traveling through its pipes from the fields to chemical plants and export docks. An energy toll collector, fattened by big acquisitions.
EPS growth: 29.1% · Revenue growth: 32.1%
Net margin: 9.3% · ROE: 15.9% · ROIC: 8.6%
Net debt/EBITDA: 4.1x · FCF: 7.4%
Source: SEC EDGAR · TTM through 30/06/2026
The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.
Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 8,542 | 613 | -296 | 13,712 |
| 2021 | 16,540 | 1,500 | 1,849 | 13,497 |
| 2022 | 22,387 | 1,722 | 1,704 | 13,401 |
| 2023 | 17,677 | 2,659 | 2,826 | 21,329 |
| 2024 | 21,698 | 3,035 | 2,867 | 31,344 |
| 2025 | 33,629 | 3,393 | 2,447 | 31,918 |
Between 2020 and 2025, revenue went from $8,542M to $33,629M (+294%) and net income went from $613M to $3,393M (+454%). Meanwhile, its margins have widened (from 7% to 10%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$4.12
per share, yearly
76.1% of earnings
Payout
3 straight years raising it
Growth
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Oneok Inc /new/ cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Oneok Inc /new/ a good company to invest in?
In terms of business quality, Oneok Inc /new/ scores 71 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Oneok Inc /new/ a profitable company?
Oneok Inc /new/ is profitable, with a net margin of 9.3%, though a thin one.
Does Oneok Inc /new/ have a lot of debt?
Yes, its leverage is high: net debt is 4.1 times its EBITDA, and it has been rising.
Is Oneok Inc /new/ growing?
Its revenue has grown 32.1% annualized in recent years and its earnings per share 29.1%.
Does Oneok Inc /new/ generate cash?
Yes. It converts about 7.4% of its revenue into free cash flow.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Oneok Inc /new/'s filings on EDGAR
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