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 ($57.9B and $57.2B). MPLX LP trades at the lower P/E: 12.5× against 16.1×. 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 (7.40% vs 4.54%). 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 12.51 16.10 12.77
P/S 4.47 1.50 2.36
P/B 4.14 2.56 2.09
Price to free cash flow 13.68 20.28 9.71
EV/EBITDA 11.41 11.81 8.30
EV/Sales 6.33 2.29 3.88
Earnings yield 8.00% 6.21% 7.15%
Free cash flow yield 7.31% 4.93% 6.86%

Profitability

Metric MPLX OKE Oil & Gas Midstream median
Gross margin 59.69% 27.21% 56.58%
Operating margin 44.44% 15.52% 34.18%
Net margin 35.75% 9.29% 22.50%
Free cash flow margin 32.63% 7.38% 13.70%
Return on equity 33.41% 16.27% 14.65%
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% 15.60%
EPS growth (last fiscal year) 14.49% 4.84% (7.86%)
Revenue growth, 5-year CAGR 11.42% 31.53% 9.59%
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 7.40% 4.54% 4.54%
Payout ratio 0.93 0.73 0.76

Size

Metric MPLX OKE Oil & Gas Midstream median
Market cap 57.91b 57.15b 3.73b

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