ONEOK, Inc. (OKE)

ONEOK Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	61,198	46,249	58,659	40,907	29,365	26,203
Market Cap Growth	44.73%	-21.16%	43.40%	39.30%	12.07%	53.63%
Enterprise Value	89,532	78,853	86,217	62,682	43,134	40,394
Last Close Price	97.07	70.80	91.88	61.21	54.07	45.49

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	15.08	13.63	19.33	15.39	17.06	17.48
Forward PE	16.39	12.50	16.51	14.69	15.65	15.61
PS Ratio	1.42	1.38	2.70	2.31	1.31	1.58
PB Ratio	2.62	2.05	2.65	2.48	4.52	4.36
P/TBV Ratio	4.91	4.01	9.93	4.00	5.12	4.99
P/FCF Ratio	24.21	18.90	20.46	14.48	17.23	14.17
P/OCF Ratio	10.35	8.26	12.00	9.25	10.11	10.29
PEG Ratio	3.03	4.09	2.24	1.43	1.31	1.44

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	2.07	2.35	3.97	3.55	1.93	2.44
EV/EBITDA Ratio	11.62	10.75	14.44	14.85	12.57	12.55
EV/EBIT Ratio	14.55	13.54	17.83	18.16	15.37	15.56
EV/FCF Ratio	35.42	32.22	30.07	22.18	25.31	21.85

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.88	1.47	1.46	1.32	2.11	2.31
Debt / EBITDA Ratio	3.70	4.51	5.41	5.16	3.97	4.30
Debt / FCF Ratio	11.28	13.51	11.26	7.70	8.04	7.52
Net Debt / Equity Ratio	0.87	1.46	1.43	1.30	2.07	2.29
Net Debt / EBITDA Ratio	3.68	4.50	5.29	5.08	3.92	4.28
Net Debt / FCF Ratio	11.21	13.48	11.01	7.58	7.91	7.44
Asset Turnover	0.61	0.52	0.40	0.52	0.93	0.71
Inventory Turnover	29.25	27.56	19.19	19.56	30.83	25.75
Quick Ratio	0.59	0.49	0.65	0.59	0.58	0.50
Current Ratio	0.84	0.71	0.90	0.90	0.84	0.75
Return on Equity (ROE)	15.02%	15.49%	16.12%	23.14%	27.53%	24.88%
Return on Assets (ROA)	5.46%	5.57%	5.58%	6.28%	7.31%	6.95%
Return on Invested Capital (ROIC)	8.83%	8.22%	7.99%	9.07%	10.81%	9.85%
Return on Capital Employed (ROCE)	9.20%	9.70%	8.10%	8.50%	13.20%	12.70%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	6.63%	7.34%	5.17%	6.50%	5.86%	5.72%
FCF Yield	4.13%	5.29%	4.89%	6.91%	5.80%	7.06%
Dividend Yield	4.41%	5.66%	3.98%	5.50%	5.73%	6.37%
Payout Ratio	66.48%	76.13%	76.21%	69.16%	97.10%	111.13%
Buyback Yield / Dilution	-2.75%	-6.72%	-20.83%	-8.25%	-0.22%	-3.62%
Total Shareholder Return	1.66%	-1.05%	-16.85%	-2.76%	5.50%	2.75%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 1, 2026

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