ONEOK, Inc.: stock overview

OKENYSEEnergy · Natural Gas Transmisison & Distribution

Price

$89.75

November 13, 2026Market cap $56.5B

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  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

ONEOK had revenue of $43.2B over the last 12 months and net income of $4.1B, a net margin of 9.4%. Revenue grew by 31.5% a year on average over the last 5 years. At $89.75 the shares trade at a P/E of 13.9, against a median of 17.1 over the last 5 fiscal years. It has net debt of $24.3B. It pays a dividend yielding 4.77%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$56.5B
630M shares
P/E
13.9
Today13.9
Median17.1
Revenue, 12 months
$43.2B
+31.5% a year over 5 years
Net margin
9.4%
2025: 10.1%, above 39% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+37.9% a year over 2 years

  • 202510-K
    Revenue$33.6B
  • 202410-K
    Revenue$21.7B
  • 202310-K
    Revenue$17.7B

Fiscal years in figures

OKE's revenue, profit, cash flow and dividend with each year-end price, from 2009 to 2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $46.3B
$56.5B
Enterprise value 
$80.9B
P/E 3-year median: 13.6
13.9
EV / EBIT 
13.2
EV / Revenue 
1.9
P/B 3-year median: 2.5
2.4
FCF yield 3-year median: 5.3%
4.5%
Earnings yield 3-year median: 7.4%
7.2%

Profitability

Gross margin 
25.2%
Operating margin 
14.2%
Net margin 3-year median: 14.0%
9.4%
ROIC 
9.4%
ROIC, 5-year average 
9.2%
ROE 
18.0%

Growth

Revenue, yearly change 
+55.0%
EPS, yearly change 
+4.8%
FCF, yearly change 
-14.6%
Revenue, average a year 
+31.5%
EPS, average a year 
+30.7%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$4.2B
Total debt 
$28.5B
Net debt 
$24.3B
Net debt / EBITDA 
3.2x
Interest cover 
3.5x
Current ratio 
0.84

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 5.4%
4.77%
Buybacks 
0.13%
Total returned 
4.90%
Shares, yearly change 
+0.9%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 49).

Operating margin

17.1%

Above 35% of the 117 companies in its industry, and 78% of all.

Net margin

10.1%

Above 39% of the 122 companies in its industry, and 66% of all.

ROE

15.1%

Above 83% of the 103 companies in its industry, and 76% of all.

ROA

5.1%

Above 80% of the 122 companies in its industry, and 73% of all.

Revenue growth

55.0%

Above 99% of the 122 companies in its industry, and 95% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
ONEOK INC /NEW/
CIK
1039684
Exchange
NYSE
Industry (SIC)
4923 · Natural Gas Transmisison & Distribution
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
630M

Other companies: Energy

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The full analysis

What do ONEOK's filings show?

These are ONEOK's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about OKE

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What is OKE's market cap?

ONEOK, Inc.'s market cap is $56.5B, at a price of $89.75 on November 13, 2026 and 630M shares.

What is OKE's P/E?

OKE's P/E is 13.9, on earnings per share of $6.44 over the last 12 months. The median over the last 5 fiscal years was 17.1.

How much revenue does OKE have?

ONEOK had revenue of $43.2B over the last 12 months. Over the last 5 years it changed by +31.5% a year on average.

Does OKE pay a dividend?

Yes. ONEOK paid $4.28 per share over the last 12 months, a yield of 4.77% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From ONEOK, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.