ONEOK, Inc. OKE

88.63 (2.55) (2.80%) as of 25 Sep
Market cap
$57.5B
P/E
15.3×
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ONEOK, Inc. (OKE) Return on invested capital

ONEOK, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 7.02%, up 0.4 percentage points from fiscal 2025 (6.59%). Over the past ten years it has ranged from 4.31% (fiscal 2020) to 8.82% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Oil & Gas Midstream industry median of 6.13% and above the Energy sector median of 5.84%.

Return on invested capital, annual

Annual

Period Return on invested capital Change (points)
FY2025 6.59% 0.76
FY2024 5.83% (0.90)
FY2023 6.73% (2.09)
FY2022 8.82% 0.50
FY2021 8.32% 4.01
FY2020 4.31% (2.09)
FY2019 6.40% (0.79)
FY2018 7.19% 1.05
FY2017 6.14% (0.90)
FY2016 7.04% 1.90

Against its own ten years

Low 4.31% High 8.82%
Ten-year median 6.59%
Current reading's percentile 55

Return on invested capital against peers

Company Return on invested capital
LNG Cheniere Energy, Inc. compare 11.8%
TRGP Targa Resources, Inc. compare 10.3%
MPLX MPLX LP compare 9.45%
EPD Enterprise Products Partners L.P. compare 7.68%
OKE ONEOK, Inc. 7.02%
WMB Williams Companies, Inc. (The) compare 6.40%
ET Energy Transfer LP compare 5.72%
TRP TC Energy Corporation compare 5.39%
KMI Kinder Morgan, Inc. compare 5.02%
Oil & Gas Midstream industry median 6.13%
Energy sector median 5.84%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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