ONEOK, Inc.

OKE Energy Oil & Gas Midstream

ONEOK, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.6 billion, up 55.0% from fiscal 2024.

Revenue
+44.3%
EPS
+47.2%
Free cash flow
−46.1%
Total debt
−15.7%

Quarter to September 2026, against a year earlier

86.11 0.14 −0.16%
Market cap
$54.4B
P/E
13.3×
Fwd P/E
15.2×
Dividend yield
4.94%
F-score
5/9
Altman Z
1.43
Beneish M
−2.14
Dividend safety
34/100

ONEOK, Inc. (OKE) Return on equity

Alert me on Return on equity

ONEOK, Inc.'s return on equity over the twelve months to 30 September 2026 was 14.9%, down 0.3 percentage points from fiscal 2025 (15.2%). Over the past ten years it has ranged from 6.30% (fiscal 2015) to 27.5% (fiscal 2022); the current reading is higher than 45% of that period. That is above the Oil & Gas Midstream industry median of 11.7% and above the Energy sector median of 7.54%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 15.2% (0.53)
FY2024 15.7% (7.43)
FY2023 23.1% (4.38)
FY2022 27.5% 2.66
FY2021 24.9% 14.89
FY2020 9.97% (9.98)
FY2019 20.0% 1.19
FY2018 18.8% 10.27
FY2017 8.49% (1.30)
FY2016 9.79% 3.49

Against its own ten years

Low 6.30% High 27.5%
Ten-year median 15.7%
Current reading's percentile 45

Return on equity against peers

Company Return on equity
MPLX MPLX LP compare 30.2%
LNG Cheniere Energy, Inc. compare 26.0%
WMB Williams Companies, Inc. (The) compare 17.2%
OKE ONEOK, Inc. 14.9%
ET Energy Transfer LP compare 11.7%
KMI Kinder Morgan, Inc. compare 11.1%
TRP TC Energy Corporation compare 9.94%
TRGP Targa Resources, Inc. compare 0.00%
EPD Enterprise Products Partners L.P. compare 0.00%
Oil & Gas Midstream industry median 11.7%
Energy sector median 7.54%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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