MPLX LP (MPLX) vs ONEOK, Inc. (OKE)

MPLX LP and ONEOK, Inc. are both Oil & Gas Midstream companies. MPLX LP and ONEOK, Inc. are of similar size ($58.8B and $57.5B). MPLX LP trades at the lower P/E: 12.2× against 15.3×. ONEOK, Inc. grew revenue faster over the last twelve months: 40.8% against 8.71%. MPLX LP has the higher net margin (35.8% vs 9.29%) and the higher return on invested capital (9.45% vs 7.02%). Both pay a dividend; MPLX LP yields more (9.32% vs 5.56%). Across the 23 metrics below, MPLX LP leads on 16 and ONEOK, Inc. on 7.

Valuation

Metric MPLX OKE Oil & Gas Midstream median
P/E 12.22 15.31 13.19
P/S 4.36 1.42 2.60
P/B 4.05 2.43 2.08
Price to free cash flow 13.36 19.28 10.14
EV/EBITDA 11.22 11.44 8.11
EV/Sales 6.22 2.22 3.89
Earnings yield 8.19% 6.53% 6.83%
Free cash flow yield 7.48% 5.19% 6.94%

Profitability

Metric MPLX OKE Oil & Gas Midstream median
Gross margin 59.69% 27.21% 58.81%
Operating margin 44.44% 15.52% 32.14%
Net margin 35.75% 9.29% 21.16%
Free cash flow margin 32.63% 7.38% 10.15%
Return on equity 33.41% 16.27% 11.30%
Return on assets 11.70% 5.49% 5.00%
Return on invested capital 9.45% 7.02% 6.13%

Growth

Metric MPLX OKE Oil & Gas Midstream median
Revenue growth (TTM) 8.71% 40.83% 15.44%
EPS growth (last fiscal year) 14.49% 4.84% —
Revenue growth, 5-year CAGR 11.42% 31.53% 8.96%
Net income growth, 5-year CAGR 0.00% 40.87% 0.00%

Health

Metric MPLX OKE Oil & Gas Midstream median
Debt to equity 1.80 1.37 0.78
Current ratio 0.89 0.74 1.19
Net debt to EBITDA 3.21 4.40 3.42

Dividend

Metric MPLX OKE Oil & Gas Midstream median
Dividend yield 9.32% 5.56% 7.29%
Payout ratio — 0.70 0.64

Size

Metric MPLX OKE Oil & Gas Midstream median
Market cap 58.78b 57.48b 3.61b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack