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 ($57.3B and $54.4B). MPLX LP trades at the lower P/E: 13.2× against 13.3×. ONEOK, Inc. grew revenue faster over the last twelve months: 36.8% against 3.11%. MPLX LP has the higher net margin (32.9% vs 9.42%) and the higher return on invested capital (8.76% vs 6.30%). Both pay a dividend; MPLX LP yields more (9.74% vs 4.94%). Across the 23 metrics below, MPLX LP leads on 15 and ONEOK, Inc. on 8.

Valuation

Metric MPLX OKE Oil & Gas Midstream median
P/E 13.21 13.32 11.68
P/S 4.35 1.27 2.39
P/B 4.02 1.68 1.68
Price to free cash flow 14.01 21.62 8.52
EV/EBITDA 11.76 10.81 9.03
EV/Sales 6.26 1.92 3.43
Earnings yield 7.57% 7.51% 7.78%
Free cash flow yield 7.14% 4.62% 7.11%

Profitability

Metric MPLX OKE Oil & Gas Midstream median
Gross margin 57.55% 25.20% 54.87%
Operating margin 42.03% 14.17% 34.73%
Net margin 32.91% 9.42% 20.12%
Free cash flow margin 31.04% 5.85% 14.43%
Return on equity 30.16% 14.89% 11.73%
Return on assets 9.94% 5.77% 4.43%
Return on invested capital 8.76% 6.30% 6.10%

Growth

Metric MPLX OKE Oil & Gas Midstream median
Revenue growth (TTM) 3.11% 36.82% 14.88%
EPS growth (last fiscal year) 14.49% 4.84% (7.78%)
Revenue growth, 5-year CAGR 11.42% 31.53% 10.05%
Net income growth, 5-year CAGR 0.00% 40.87% 0.00%

Health

Metric MPLX OKE Oil & Gas Midstream median
Debt to equity 1.86 0.88 0.77
Current ratio 1.56 0.84 1.19
Net debt to EBITDA 3.21 4.40 3.46

Dividend

Metric MPLX OKE Oil & Gas Midstream median
Dividend yield 9.74% 4.94% 4.94%
Payout ratio 1.29 0.66 0.73

Size

Metric MPLX OKE Oil & Gas Midstream median
Market cap 57.29b 54.38b 3.56b

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