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OKE ONEOK, Inc. Common Stock
NYSE · Energy · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 4, 2026
$87.88
· of 52w range
· above low
· to high
$64.0252w low
$99.8552w high
Market Cap (MRQ)
$55.40B
P/E (TTM)
15.2
EPS (TTM)
$5.80
Revenue (TTM)
$39.37B
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52W Range
$64–$100
Analyst Rating
HOLD
Price Target
$102
P/E
15.2
ROE
16.3%
Net Profit Margin
9.3%
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OKE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$87.88
Market Cap (MRQ)
$55.40B
P/E (TTM)
15.2
EPS (TTM)
$5.80
Revenue (TTM)
$39.37B
Div Yield
4.7%
ROE (TTM)
16.3%
Debt/Equity (MRQ)
1.4
52W Range
$64–$100
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Feb. 3, 2014 | 249-for-218 | Forward |
| June 4, 2012 | 2-for-1 | Forward |
| June 12, 2001 | 2-for-1 | Forward |
| March 1, 1990 | 2-for-1 | Forward |
About ONEOK, Inc. Common Stock Company overview from Wikipedia
Oneok, Inc. () ONE-oak, stylized as ONEOK, is an American oil and gas midstream operator headquartered in Tulsa, Oklahoma. It provides the oil and gas industry with gathering, processing, fractionation, transportation, and storage services. The company is part of the Fortune 500 and S&P 500. Oneok was founded as Oklahoma Natural Gas Company in 1906, but it changed its corporate name to Oneok in 1980.
History
Oklahoma Natural Gas Company was founded on October 12, 1906 by businessmen Dennis T. Flynn and Charles B. Ames. During the spring and fall of 1907, the company built a gas pipeline from Osage County to Sapulpa and Oklahoma City. On December 28, 1907 (shortly after Oklahoma officially became a state in November), the $1.7 million project was completed. In 1910, the company built the first compressor station in the state of Oklahoma. By 1919, the Oklahoma Natural Gas Company supplied gas to thirty-seven communities in Oklahoma across more than one thousand miles of line. The company had grown to 600 employees and maintained 6,600 miles of pipeline by 1956.
In December 1980 Oklahoma Natural Gas Company's board of directors changed the company's name to Oneok Inc. Also at that time the gas service part of the company was made into a separate division, retaining the name of Oklahoma Natural Gas.
In 1996, Oneok acquired Western Resources' natural gas pipeline and plants for $660 million in stock. From the acquisition, Oneok acquired roughly 1,575 Western Resources employees as well as the 624,000 customers in Kansas and 36,000 customers in northeast Oklahoma.
In 1999, Oneok agreed to acquire Southwest Gas, a Las Vegas based natural gas company, for $1.8 billion. In January 2000, Oneok terminated the pending merger of the two companies, and Southwest Gas filed a lawsuit against Oneok. Judge Roslyn O. Silver dismissed two of the cases against Oneok in June 2001, and Oneok agreed to pay Southern Union $3 million to settle the remaining case.
In October 2002, Oneok acquired the Texas division and assets of Southern Union Gas for $420 million. Oneok renamed the company to Texas Gas Service when the acquisition was completed.
In September 2004, Oneok acquired Northern Plains Natural Gas Co. for $175 million. The deal also gave Oneok a controlling interest in Northern Border Partners, which had a master limited partnership on 6,600 miles of pipeline, five natural gas processing plants, and two fractional plants.
In July 2013, Oneok spun off its natural gas distribution businesses, including Oklahoma Natural Gas Co., Kansas Gas Service, and Texas Gas Service, into a separate company named One Gas.
In November 2021, Oneok resumed construction of its natural gas processing facility Demicks Lake III plant in McKenzie County, North Dakota which was originally delayed due to the COVID-19 pandemic. The Demicks Lake III plant was later completed and began operations in February 2023.
In July 2022, a Oneok gas plant in Medford, Oklahoma exploded, causing no injuries but temporarily expelling roughly 1,000 residents from their homes. In January 2023, Oneok reached an insurance settlement payment of $930 million and the company announced plans to transition gas fractionation operations away from the Medford plant.
In September 2023, Oneok acquired Magellan Midstream Partners for $18.8 billion. Included in the acquisition for Oneok was the Magellan-owned East Houston terminal and crude oil trading hub, facilities in Galena Park, Texas and Seabrook, Texas, and a terminal in Pasadena, Texas.
In May 2024, Oneok agreed to acquire Gulf Coast NGL Pipelines from Easton Energy for $280 million. The deal included 450 miles of pipelines located in Texas and the Louisiana Gulf Coast. In November, Oneok agreed to divest three of its pipelines—Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission—to DT Midstream for $1.2 billion.
The company expanded its operations in the Permian Basin through two acquisitions in late 2024. ONEOK acquired Medallion Midstream, a crude oil gathering and transportation company and a controlling stake in EnLink Midstream, an oil and natural gas infrastructure company. In February 2025, the company completed acquisition of the remaining shares in EnLink Midstream.
The company continued expansion into the Permian Basin in May 2025, when it gained full ownership of the Delaware Basin JV, which it previously operated as a joint venture with NGP XI Midstream Holdings. Through the acquisition Oneok gained operational control of infrastructure used to collect and process natural gas in the Delaware Basin that has a processing capacity of around 700 million cubic feet per day.
Operations
Oneok has four business segments: natural gas liquids, natural gas gathering and processing, natural gas pipelines, and refined products and crude oil.
Some of the pipelines Oneok operates include the Northern Border Pipeline, the Roadrunner Gas Transmission Pipeline, the Arbuckle Pipeline, and the Elk Creek Pipeline.
Magellan Midstream Partners operates as a subsidiary of Oneok and owns approximately 2,200 miles of crude pipelines, and the 450-mile Longhorn pipeline, which transports roughly 275,000 barrels per day of crude oil from the Permian Basin to storage and refining facilities in Houston.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorEnergy
industryEnergy
employees6,326
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$33.63B2022-12-31 → 2025-12-31
EPS$5.422022-12-31 → 2025-12-31
Free Cash Flow$2.45B2022-12-31 → 2025-12-31
Net margin9.3%2022-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | OKE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 15.2 | · | 20.5 | Undervalued | |
| P/S (TTM) | 1.4 | · | 2.9 | Undervalued | |
| P/B (MRQ) | 2.4 | · | 5.2 | Undervalued | |
| EV / EBITDA | 12.1 | · | · | · | |
| Price / FCF (TTM) | 19.1 | · | · | · | |
| Price / Cash Flow (TTM) | 9.0 | · | 9.2 | Fair value | |
| EV / Revenue | 2.6 | · | · | · | |
| EV / FCF | 36.0 | · | · | · | |
| Price / Tangible Book (MRQ) | 2.8 | · | · | · | |
| PEG Ratio | ≈0.5 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | OKE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 15.5% | · | 34.4% | Weak | |
| EBITDA Margin (TTM) | 19.4% | · | 42.8% | Weak | |
| Pretax Margin (TTM) | 12.1% | · | 29.5% | Weak | |
| Net Profit Margin (TTM) | 9.3% | · | 23.2% | Weak | |
| ROA (TTM) | 5.5% | · | 6.6% | Below avg | |
| ROE (TTM) | 16.3% | · | 18.9% | In line | |
| ROIC | 8.0% | · | 23.7% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | OKE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.4 | · | 1.4 | High debt | |
| Current Ratio (MRQ) | 0.7 | · | 0.9 | Low liquidity | |
| Quick Ratio | 0.5 | · | 0.5 | In line | |
| Long-Term Debt / Equity (MRQ) | 1.3 | · | 1.4 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | OKE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 55.0% | · | · | · | |
| Revenue CAGR 3Y | 14.5% | · | · | · | |
| Revenue CAGR 5Y | 31.5% | · | · | · | |
| EPS YoY | 4.8% | · | · | · | |
| Net Income YoY | 11.8% | · | · | · | |
| EPS CAGR 3Y | 12.2% | · | · | · | |
| EPS CAGR 5Y | 30.7% | · | · | · | |
| Net Income CAGR 3Y | 25.4% | · | · | · | |
| Net Income CAGR 5Y | 40.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | OKE | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.5 | · | 0.5 | In line | |
| Inventory Turnover | 27.6 | · | 27.5 | In line | |
| Receivables Turnover | 12.6 | · | 12.2 | In line | |
| Revenue / Employee | ≈$5.3M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield4.7%
Payout Ratio76.1%
Annualized Payout≈$4.28
5Y Div CAGR≈2.0%
Growth Streak≈3
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 3, 2026 | $1.07 | USD | ≈4.8% |
| May 4, 2026 | $1.07 | USD | ≈4.6% |
| Feb 2, 2026 | $1.07 | USD | ≈5.5% |
| Nov 3, 2025 | $1.03 | USD | ≈6.3% |
| Aug 1, 2025 | $1.03 | USD | ≈5.2% |
| May 5, 2025 | $1.03 | USD | ≈5.0% |
| Feb 3, 2025 | $1.03 | USD | ≈4.1% |
| Nov 1, 2024 | $0.99 | USD | ≈4.2% |
| Aug 1, 2024 | $0.99 | USD | ≈4.8% |
| Apr 30, 2024 | $0.99 | USD | ≈4.9% |
| Jan 29, 2024 | $0.99 | USD | ≈5.5% |
| Oct 31, 2023 | $0.96 | USD | ≈5.9% |
| Jul 31, 2023 | $0.96 | USD | ≈5.7% |
| Apr 28, 2023 | $0.96 | USD | ≈5.8% |
| Jan 27, 2023 | $0.96 | USD | ≈5.5% |
| Oct 31, 2022 | $0.94 | USD | ≈6.3% |
| Jul 29, 2022 | $0.94 | USD | ≈6.3% |
| Apr 29, 2022 | $0.94 | USD | ≈5.9% |
| Jan 28, 2022 | $0.94 | USD | ≈6.3% |
| Oct 29, 2021 | $0.94 | USD | ≈5.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-2.1%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 3, 2026 | $1.53 | $1.47 | 3.9% |
| March 31, 2026 | $1.30 | $1.32 | -1.2% | |
| Dec. 31, 2025 | $1.55 | $1.53 | 1.0% | |
| Sept. 30, 2025 | $1.49 | $1.46 | 1.9% | |
| June 30, 2025 | $1.34 | $1.35 | -0.48% | |
| March 31, 2025 | $1.04 | $1.26 | -17.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.63B | $21.70B | $17.68B | $22.39B | $16.54B | $8.54B | $10.16B | $12.59B | $12.17B | $8.92B | $7.76B | $12.20B | |
| Cost of Revenue | $23.37B | $13.31B | $11.93B | $17.91B | $12.26B | $5.11B | $6.79B | $9.42B | $9.54B | $6.50B | $5.64B | $10.09B | |
| Gross Profit | · | · | · | · | · | · | · | · | · | · | · | $2.11B | |
| Operating Expenses | · | · | · | · | · | · | · | · | · | · | · | $970M | |
| Operating Income | $5.74B | $4.99B | $4.07B | $2.81B | $2.60B | $1.36B | $1.91B | $1.84B | $1.39B | $1.30B | $996M | $1.14B | |
| Interest Expense | · | · | $866M | $676M | $733M | $713M | $492M | $470M | $486M | $470M | $417M | $356M | |
| Other Non-op | $146M | $53M | $89M | $-29M | $-1M | $25M | $9M | · | · | · | · | · | |
| Pretax Income | $4.49B | $4.11B | $3.50B | $2.25B | $1.98B | $802M | $1.65B | $1.52B | $1.04B | $958M | $522M | $820M | |
| Income Tax | $1.03B | $998M | $838M | $528M | $484M | $190M | $372M | $363M | $447M | $212M | $137M | $151M | |
| Net Income | $3.39B | $3.04B | $2.66B | $1.72B | $1.50B | $613M | $1.28B | $1.15B | $388M | $352M | $245M | $314M | |
| EPS (Basic) | $5.43 | $5.19 | $5.49 | $3.85 | $3.36 | $1.42 | $3.09 | $2.80 | $1.30 | $1.67 | $1.17 | $1.50 | |
| EPS (Diluted) | $5.42 | $5.17 | $5.48 | $3.84 | $3.35 | $1.42 | $3.07 | $2.78 | $1.29 | $1.66 | $1.16 | $1.49 | |
| Shares (Basic) | 624,800,000 | 584,600,000 | 484,300,000 | 447,500,000 | 446,400,000 | 431,105,000 | 413,560,000 | 411,485,000 | 297,477,000 | 211,128,000 | 210,208,000 | 209,391,000 | |
| Shares (Diluted) | 625,900,000 | 586,500,000 | 485,400,000 | 448,400,000 | 447,400,000 | 431,782,000 | 415,444,000 | 414,195,000 | 299,780,000 | 212,383,000 | 210,541,000 | 210,427,000 | |
| EBITDA | $7.25B | $6.12B | $4.84B | $3.43B | $3.22B | $1.94B | $2.39B | $2.26B | $1.79B | $1.68B | $1.35B | $1.44B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $78M | $733M | $338M | $220M | $146M | $524M | $21M | $12M | $37M | $249M | $98M | $173M | |
| Receivables | $3.01B | $2.33B | $1.71B | $1.53B | $1.44B | $830M | $835M | $819M | $1.20B | $872M | $594M | $745M | |
| Inventory | $948M | $748M | $639M | $432M | $428M | $228M | $305M | $297M | $342M | $140M | $128M | $134M | |
| Other Current Assets | $452M | $431M | $426M | $172M | $166M | $133M | $82M | $101M | $53M | $46M | $40M | $117M | |
| Current Assets | $4.49B | $4.24B | $3.11B | $2.55B | $2.37B | $1.87B | $1.47B | $1.40B | $1.76B | $1.43B | $975M | $1.31B | |
| PP&E (Net) | $47.86B | $45.94B | $32.70B | $19.95B | $19.32B | $19.15B | $18.35B | $14.77B | $12.70B | $12.57B | $12.37B | $11.66B | |
| PP&E (Gross) | $55.49B | $52.27B | $38.45B | $25.02B | $23.82B | $23.07B | $22.05B | $18.03B | $15.56B | $15.08B | $14.53B | $13.60B | |
| Accum. Depreciation | $7.63B | $6.34B | $5.76B | $5.06B | $4.50B | $3.92B | $3.70B | $3.26B | $2.86B | $2.51B | $2.16B | $1.94B | |
| Goodwill | $8.06B | $8.09B | $4.95B | $528M | $528M | $528M | $681M | $681M | $681M | $526M | $526M | $526M | |
| Intangibles | $2.90B | $3.04B | $1.32B | $225M | $236M | $246M | $277M | $286M | $312M | $480M | $492M | $489M | |
| Other Non-current Assets | $444M | $450M | $319M | $324M | $366M | $475M | $173M | $130M | $181M | $163M | $113M | $125M | |
| Total Assets | $66.64B | $64.07B | $44.27B | $24.38B | $23.62B | $23.08B | $21.81B | $18.23B | $16.85B | $16.14B | $15.45B | $15.26B | |
| Accounts Payable | $2.84B | $2.19B | $1.56B | $1.36B | $1.33B | $719M | $1.21B | $1.12B | $1.14B | $875M | $616M | $891M | |
| Short-term Debt | $820M | $0 | $0 | $0 | $0 | $0 | $220M | $0 | $615M | $1.11B | $546M | $1.06B | |
| Current Liabilities | $6.37B | $4.72B | $3.45B | $3.05B | $3.18B | $1.34B | $2.02B | $2.11B | $2.67B | $2.84B | $1.64B | $2.39B | |
| Capital Leases | $183M | $154M | $74M | $68M | $76M | $88M | $14M | · | · | · | · | · | |
| Deferred Tax | $6.35B | $5.45B | $2.59B | $1.74B | $1.17B | $670M | $536M | $220M | $53M | $1.62B | $1.44B | $1.40B | |
| Other Non-current Liabilities | $603M | $748M | $553M | $331M | $432M | $706M | $537M | $424M | $349M | $322M | $264M | $282M | |
| Long-term Debt | $32.00B | $32.10B | $21.70B | $13.60B | $13.60B | $14.20B | $12.50B | $9.40B | $8.50B | $8.30B | $8.40B | $7.20B | |
| Total Debt | $32.82B | $32.08B | $21.67B | $13.62B | $13.64B | $14.24B | $12.71B | $9.38B | $9.14B | $9.44B | $8.98B | $8.26B | |
| Common Stock | $7M | $6M | $6M | $5M | $5M | $5M | $4M | $4M | $4M | $2M | $2M | $2M | |
| Paid-in Capital | $20.96B | $16.35B | $16.32B | $7.25B | $7.21B | $7.35B | $7.40B | $7.62B | $6.59B | $1.23B | $1.38B | $1.54B | |
| Retained Earnings | $2.37B | $1.58B | $868M | $50M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $138M | |
| Treasury Stock | $829M | $807M | $677M | $706M | $732M | $764M | $808M | $852M | $877M | $894M | $918M | $954M | |
| AOCI | $-27M | $-96M | $-33M | $-108M | $-471M | $-551M | $-374M | $-188M | $-189M | $-154M | $-127M | $-136M | |
| Stockholders' Equity | $22.48B | $17.04B | $16.48B | $6.49B | $6.02B | $6.04B | $6.23B | $6.58B | $5.53B | $189M | $336M | $592M | |
| Liabilities + Equity | $66.64B | $64.07B | $44.27B | $24.38B | $23.62B | $23.08B | $21.81B | $18.23B | $16.85B | $16.14B | $15.45B | $15.26B | |
| Shares Outstanding | 629,707,691 | 583,110,633 | 583,093,100 | 474,916,234 | 446,138,177 | 444,872,383 | 413,239,050 | 411,532,606 | 388,703,543 | 210,681,661 | 209,731,028 | 208,322,247 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.51B | $1.13B | $769M | $626M | $622M | $579M | $477M | $429M | $406M | $392M | $355M | $295M | |
| Stock-based Comp | · | · | · | · | · | · | $37M | $32M | $26M | $41M | $16M | $26M | |
| Deferred Tax | $957M | $889M | $829M | $464M | $472M | $187M | $373M | $361M | $445M | $204M | $120M | $138M | |
| Amort. of Intangibles | $138M | $62M | $33M | $10M | $10M | $11M | $12M | $12M | $12M | $12M | $12M | $12M | |
| Other Non-cash | $-265M | $-170M | $164M | $94M | $-47M | $521M | $-218M | $214M | $50M | $364M | $271M | $513M | |
| Operating Cash Flow | $5.60B | $4.89B | $4.42B | $2.91B | $2.55B | $1.90B | $1.95B | $2.19B | $1.32B | $1.35B | $1.02B | $1.29B | |
| CapEx | $3.15B | $2.02B | $1.59B | $1.20B | $697M | $2.20B | $3.85B | $2.14B | $512M | $625M | $1.19B | $1.78B | |
| Investing Cash Flow | $-3.75B | $-6.61B | $-6.40B | $-1.14B | $-665M | $-2.27B | $-3.77B | $-2.11B | $-568M | $-615M | $-1.19B | $-2.57B | |
| Debt Issued | $2.99B | $7.09B | $5.30B | $869M | $0 | $3.24B | $4.19B | $1.80B | $1.19B | $1.00B | $1.29B | $0 | |
| Net Debt Issued | $10M | $5.09B | $4.00B | $-26M | $-605M | $1.79B | $3.13B | $863M | $196M | $-108M | $1.28B | $-558M | |
| Stock Issued | · | · | · | $32M | $33M | $970M | $29M | $1.20B | $471M | $22M | $21M | $19M | |
| Stock Repurchased | $75M | $159M | $0 | $0 | · | · | · | · | · | · | · | $0 | |
| Net Stock Activity | $-75M | $-159M | · | $32M | $33M | $970M | $29M | $1.20B | $471M | $22M | $21M | $19M | |
| Dividends Paid | $2.58B | $2.31B | $1.84B | $1.67B | $1.67B | $1.61B | $1.46B | $1.34B | $829M | $518M | $509M | $444M | |
| Financing Cash Flow | $-2.50B | $2.12B | $2.10B | $-1.69B | $-2.26B | $875M | $1.83B | $-97M | $-959M | $-587M | $93M | $1.30B | |
| Net Change in Cash | $-655M | $395M | $118M | $74M | $-378M | $504M | $9M | $-25M | $-212M | $151M | $-75M | $24M | |
| Taxes Paid | $74M | $102M | $37M | $59M | $9M | $342.0K | · | · | · | · | · | · | |
| Free Cash Flow | $2.45B | $2.87B | $2.83B | $1.70B | $1.85B | $-296M | $-1.90B | $45M | $803M | $727M | $-181M | $-494M | |
| Levered FCF | · | · | $2.17B | $1.19B | $1.30B | $-841M | $-2.28B | $-312M | $526M | $361M | $-489M | $-784M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | · | · | · | · | · | · | 17.3% | |
| Operating Margin | 17.1% | 23.0% | 23.0% | 12.5% | 15.7% | 15.9% | 18.8% | 14.6% | 11.3% | 14.4% | 12.8% | 9.4% | |
| Net Margin | 10.1% | 14.0% | 15.0% | 7.7% | 9.1% | 7.2% | 12.6% | 9.2% | 3.2% | 4.0% | 3.2% | 2.6% | |
| Pretax Margin | 13.4% | 18.9% | 19.8% | 10.1% | 12.0% | 9.4% | 16.2% | 12.0% | 8.6% | 10.7% | 6.7% | 6.7% | |
| EBITDA Margin | 21.6% | 28.2% | 27.4% | 15.3% | 19.5% | 22.7% | 23.5% | 18.0% | 14.7% | 18.8% | 17.4% | 11.8% | |
| ROA | 5.2% | 5.3% | 6.0% | 7.1% | 6.3% | 2.7% | 5.9% | 6.4% | 2.3% | 2.2% | 1.6% | 2.1% | |
| ROE | 17.2% | 18.0% | 16.2% | 26.9% | 25.3% | 10.1% | 20.5% | 17.4% | 13.6% | 134.2% | 52.8% | 21.4% | |
| ROIC | 8.0% | 7.7% | 8.1% | 10.7% | 10.0% | 5.1% | 7.8% | 8.8% | 5.4% | 10.4% | 7.9% | 10.5% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.9 | 0.9 | 0.8 | 0.7 | 1.4 | 0.7 | 0.7 | 0.7 | 0.5 | 0.6 | 0.5 | |
| Quick Ratio | 0.5 | 0.6 | 0.6 | 0.6 | 0.5 | 1.0 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | |
| Debt / Equity | 1.5 | 1.9 | 1.3 | 2.1 | 2.3 | 2.4 | 2.0 | 1.4 | 1.7 | 50.0 | 26.7 | 13.9 | |
| LT Debt / Equity | 1.4 | 1.8 | 1.3 | 2.0 | 2.1 | 2.4 | 2.0 | 1.3 | 1.5 | 42.0 | 24.8 | 12.1 | |
| Interest Coverage | · | · | 4.7 | 4.2 | 3.5 | 1.9 | 3.9 | 3.9 | 2.8 | 2.7 | 2.4 | 3.2 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.4 | 0.4 | 0.9 | 0.7 | 0.4 | 0.5 | 0.7 | 0.7 | 0.6 | 0.5 | 0.8 | |
| Inventory Turnover | 27.6 | 19.2 | 22.3 | 41.7 | 37.4 | 19.2 | 22.6 | 29.5 | 39.6 | 48.5 | 43.0 | 62.6 | |
| Receivables Turnover | 12.6 | 10.8 | 10.9 | 15.1 | 14.6 | 10.3 | 12.3 | 12.5 | 11.7 | 12.2 | 11.6 | 13.1 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $35.71 | $29.22 | $28.27 | $14.52 | $13.48 | $13.58 | $15.07 | $15.99 | $14.22 | $0.90 | $1.60 | $2.84 | |
| Revenue / Share | $53.73 | $37.00 | $36.42 | $49.92 | $36.97 | $19.78 | $24.47 | $30.40 | $40.61 | $42.00 | $36.87 | $57.95 | |
| Cash Flow / Share | $8.95 | $8.33 | $9.11 | $6.48 | $5.69 | $4.40 | $4.69 | $5.28 | $4.39 | $6.36 | $4.78 | $6.11 | |
| Cash / Share | $0.12 | $1.26 | $0.58 | $0.49 | $0.33 | $1.18 | $0.05 | $0.03 | $0.10 | $1.18 | $0.47 | $0.83 | |
| Dividend / Share | · | · | · | · | · | · | · | · | $2.72 | $2.46 | $2.43 | $2.12 | |
| Dividend Paid / Share | $4.12 | $3.96 | $3.82 | $3.74 | $3.74 | $3.74 | $3.53 | $3.25 | $2.72 | $2.46 | $2.43 | $2.12 | |
| EPS (TTM) | $5.42 | $5.17 | $5.48 | $3.84 | $3.35 | $1.42 | $3.07 | $2.78 | $1.29 | $1.66 | $1.16 | $1.49 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 55.0% | 22.8% | -21.0% | 35.4% | 93.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 14.5% | 9.5% | 27.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 31.5% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 4.8% | -5.7% | 42.7% | 14.6% | 135.9% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 12.2% | 15.6% | 56.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 30.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 11.8% | 14.1% | 54.4% | 14.8% | 144.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 25.4% | 26.5% | 63.1% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 40.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 10.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $33.63B | $21.70B | $17.68B | $22.39B | $16.54B | $8.54B | $10.16B | $12.59B | $12.17B | $8.92B | $7.76B | $12.20B | |
| Net Income TTM | $3.39B | $3.04B | $2.66B | $1.72B | $1.50B | $613M | $1.28B | $1.15B | $388M | $352M | $245M | $314M | |
| Market Cap | $46.28B | $58.54B | $40.94B | $29.38B | $26.22B | $17.07B | $31.27B | $22.20B | $20.78B | $12.10B | $5.17B | $10.37B | |
| Enterprise Value | $79.02B | $89.89B | $62.27B | $42.78B | $39.71B | $30.79B | $43.96B | $31.57B | $29.88B | $21.29B | $14.05B | $18.46B | |
| P/E | 13.6 | 19.4 | 12.8 | 17.1 | 17.5 | 27.0 | 24.6 | 19.4 | 41.4 | 34.6 | 21.3 | 33.4 | |
| P/S | 1.4 | 2.7 | 2.3 | 1.3 | 1.6 | 2.0 | 3.1 | 1.8 | 1.7 | 1.4 | 0.7 | 0.9 | |
| P/B | 2.1 | 3.4 | 2.5 | 4.5 | 4.4 | 2.8 | 5.0 | 3.4 | 3.8 | 64.1 | 15.4 | 17.5 | |
| P / Tangible Book | 4.0 | 9.9 | 4.0 | 5.1 | 5.0 | 3.2 | · | · | · | · | · | · | |
| P / Cash Flow | 8.3 | 12.0 | 9.3 | 10.1 | 10.3 | 9.0 | 16.1 | 10.2 | 15.8 | 8.9 | 5.1 | 8.1 | |
| P / FCF | 18.9 | 20.4 | 14.5 | 17.2 | 14.2 | -57.6 | -16.4 | 490.7 | 25.9 | 16.6 | -28.5 | -21.0 | |
| EV / EBITDA | 10.9 | 14.7 | 12.9 | 12.5 | 12.3 | 15.9 | 18.4 | 13.9 | 16.7 | 12.7 | 10.4 | 12.8 | |
| EV / FCF | 32.3 | 31.4 | 22.0 | 25.1 | 21.5 | -103.9 | -23.1 | 697.8 | 37.2 | 29.3 | -77.5 | -37.4 | |
| EV / Revenue | 2.3 | 4.1 | 3.5 | 1.9 | 2.4 | 3.6 | 4.3 | 2.5 | 2.5 | 2.4 | 1.8 | 1.5 | |
| Dividend Yield | 5.6% | 4.0% | 4.5% | 5.7% | 6.4% | 9.4% | 4.7% | 6.0% | 4.0% | 4.3% | 9.8% | 4.3% | |
| Earnings Yield | 7.4% | 5.1% | 7.8% | 5.8% | 5.7% | 3.7% | 4.1% | 5.1% | 2.4% | 2.9% | 4.7% | 3.0% | |
| Payout Ratio | 76.1% | 76.2% | 69.2% | 97.1% | 111.2% | 262.0% | 114.0% | 115.9% | 213.8% | 147.0% | 207.9% | 141.3% | |
| Annual Payout | $2.58B | $2.31B | $1.84B | $1.67B | $1.67B | $1.61B | $1.46B | $1.34B | $829M | $518M | $509M | $444M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.05B | $9.62B | $9.06B | $8.63B | $7.89B | $8.04B | $7.00B | $5.02B | $4.89B | $4.78B | $5.24B | $4.19B | $3.73B | $4.52B | $5.03B | $5.91B | |
| Cost of Revenue | $9.24B | $7.05B | $6.40B | $5.96B | $5.36B | $5.66B | $4.50B | $3.03B | $2.89B | $2.90B | $3.30B | $2.80B | $2.48B | $3.35B | $3.89B | $4.77B | |
| Operating Income | $1.59B | $1.43B | $1.53B | $1.56B | $1.43B | $1.22B | $1.57B | $1.13B | $1.23B | $1.06B | $1.10B | $739M | $737M | $1.50B | $756M | $700M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $300M | · | $215M | $180M | $166M | · | $167M | |
| Other Non-op | $4M | $3M | $68M | $37M | $39M | $2M | $25M | $17M | $4M | $7M | $46M | $22M | $13M | $8M | $1M | $-8M | |
| Pretax Income | $1.27B | $1.02B | $1.25B | $1.24B | $1.11B | $888M | $1.33B | $912M | $1.02B | $847M | $910M | $595M | $613M | $1.38B | $628M | $564M | |
| Income Tax | $299M | $245M | $274M | $297M | $260M | $197M | $328M | $219M | $243M | $208M | $222M | $141M | $145M | $330M | $143M | $132M | |
| Net Income | $966M | $774M | $977M | $939M | $841M | $636M | $923M | $693M | $780M | $639M | $688M | $454M | $468M | $1.05B | $485M | $432M | |
| EPS (Basic) | $1.53 | $1.23 | $1.56 | $1.49 | $1.34 | $1.04 | $1.59 | $1.18 | $1.33 | $1.09 | $1.12 | $0.99 | $1.04 | $2.34 | $1.09 | $0.96 | |
| EPS (Diluted) | $1.53 | $1.23 | $1.55 | $1.49 | $1.34 | $1.04 | $1.57 | $1.18 | $1.33 | $1.09 | $1.11 | $0.99 | $1.04 | $2.34 | $1.09 | $0.96 | |
| Shares (Basic) | 630,900,000 | 630,700,000 | · | 630,600,000 | 627,200,000 | 611,400,000 | · | 584,800,000 | 584,600,000 | 584,200,000 | · | 457,300,000 | 448,300,000 | 448,100,000 | · | 447,700,000 | |
| Shares (Diluted) | 632,000,000 | 631,600,000 | · | 631,500,000 | 628,100,000 | 612,500,000 | · | 586,700,000 | 585,800,000 | 585,700,000 | · | 458,200,000 | 449,000,000 | 449,000,000 | · | 448,200,000 | |
| EBITDA | $1.98B | $1.81B | · | $1.94B | $1.80B | $1.60B | · | $1.40B | $1.49B | $1.32B | · | $916M | $907M | $1.66B | · | $856M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $161M | $172M | $78M | $1.20B | $97M | $141M | $733M | $579M | $36M | $65M | · | $284M | $106M | $680M | · | $22M | |
| Receivables | $3.55B | $3.67B | $3.01B | $2.58B | $2.48B | $2.65B | $2.33B | $1.25B | $1.33B | $1.70B | · | $1.57B | $1.02B | $1.15B | · | $1.73B | |
| Inventory | $1.06B | $1.14B | $948M | $871M | $858M | $905M | $748M | $616M | $671M | $798M | · | $869M | $314M | $399M | · | $538M | |
| Other Current Assets | $543M | $565M | $452M | $535M | $457M | $419M | $431M | $258M | $270M | $212M | · | $300M | $244M | $158M | · | $281M | |
| Current Assets | $5.31B | $5.54B | $4.49B | $5.18B | $3.90B | $4.12B | $4.24B | $2.88B | $2.48B | $2.95B | · | $3.19B | $1.86B | $2.57B | · | $2.77B | |
| PP&E (Net) | $48.77B | $48.30B | $47.86B | $47.16B | $46.72B | $46.23B | $45.94B | $33.61B | $33.41B | $32.81B | · | $32.09B | $20.23B | $20.04B | · | $19.79B | |
| PP&E (Gross) | $57.09B | $56.27B | $55.49B | $54.45B | $53.69B | $52.89B | $52.27B | $40.07B | $39.63B | $38.80B | · | $37.63B | $25.60B | $25.25B | · | $24.73B | |
| Accum. Depreciation | $8.32B | $7.97B | $7.63B | $7.30B | $6.97B | $6.66B | $6.34B | $6.46B | $6.21B | $5.99B | · | $5.54B | $5.37B | $5.21B | · | $4.94B | |
| Goodwill | $8.06B | $8.06B | $8.06B | $8.11B | $8.10B | $8.09B | $8.09B | $5.15B | $5.11B | $5.06B | · | $5.68B | · | · | · | · | |
| Intangibles | $2.83B | $2.87B | $2.90B | $2.94B | $2.97B | $3.00B | $3.04B | $1.28B | $1.30B | $1.31B | · | $861M | · | · | · | · | |
| Other Non-current Assets | $433M | $445M | $444M | $457M | $401M | $416M | $450M | $320M | $299M | $327M | · | $324M | $313M | $316M | · | $325M | |
| Total Assets | $68.55B | $68.20B | $66.64B | $66.62B | $64.52B | $64.26B | $64.07B | $51.05B | $44.53B | $44.39B | $44.27B | $43.94B | $24.04B | $24.46B | $24.38B | $24.44B | |
| Accounts Payable | $3.53B | $3.57B | $2.84B | $2.57B | $2.45B | $2.44B | $2.19B | $1.25B | $1.27B | $1.48B | · | $1.62B | $880M | $1.07B | · | $1.66B | |
| Short-term Debt | $1.50B | $1.65B | $820M | · | $1.21B | $200M | $0 | · | $180M | $320M | · | $0 | · | · | · | $901M | |
| Current Liabilities | $7.20B | $7.81B | $6.37B | $5.74B | $6.65B | $6.18B | $4.72B | $3.56B | $3.98B | $4.19B | · | $3.30B | $1.52B | $2.18B | · | $4.14B | |
| Capital Leases | · | · | $183M | · | · | · | $154M | · | · | · | · | $77M | $63M | $66M | · | $70M | |
| Deferred Tax | $6.89B | $6.53B | $6.35B | $6.11B | $5.78B | $5.59B | $5.45B | $3.15B | $2.96B | $2.75B | · | $2.35B | $2.17B | $2.03B | · | $1.59B | |
| Other Non-current Liabilities | $599M | $609M | $603M | $626M | $574M | $588M | $748M | $572M | $552M | $559M | · | $466M | $330M | $329M | · | $375M | |
| Long-term Debt | $31.50B | $32.00B | $32.00B | $33.70B | $31.30B | $31.80B | $32.08B | $28.10B | $21.70B | $21.70B | · | $22.00B | $12.70B | $13.20B | · | $12.90B | |
| Total Debt | $33.02B | $33.65B | · | $33.73B | $32.47B | $32.04B | · | $28.14B | $21.87B | $22.00B | · | $21.95B | $12.74B | $13.23B | · | $13.78B | |
| Common Stock | $7M | $7M | $7M | $7M | $7M | $7M | $6M | $6M | $6M | $6M | · | $6M | $5M | $5M | · | $5M | |
| Paid-in Capital | $21.01B | $20.96B | $20.96B | $20.93B | $20.92B | $20.72B | $16.35B | $16.36B | $16.34B | $16.30B | · | $16.32B | $7.27B | $7.25B | · | $7.22B | |
| Retained Earnings | $2.76B | $2.47B | $2.37B | $2.05B | $1.76B | $1.57B | $1.58B | $1.24B | $1.13B | $927M | · | $737M | $711M | $672M | · | $0 | |
| Treasury Stock | $808M | $818M | $829M | $843M | $802M | $810M | $807M | $650M | $653M | $663M | · | $691M | $693M | $699M | · | $712M | |
| AOCI | $-28M | $-266M | $-27M | $-65M | $-63M | $-123M | $-96M | $-68M | $-108M | $-128M | · | $-68M | $-75M | $-99M | · | $-199M | |
| Stockholders' Equity | $22.94B | $22.36B | $22.48B | $22.08B | $21.83B | $21.36B | $17.04B | $16.89B | $16.71B | $16.45B | · | $16.30B | $7.22B | $7.13B | · | $6.31B | |
| Liabilities + Equity | $68.55B | $68.20B | $66.64B | $66.62B | $64.52B | $64.26B | $64.07B | $51.05B | $44.53B | $44.39B | · | $43.94B | $24.04B | $24.46B | · | $24.44B | |
| Shares Outstanding | 630,362,380 | 630,030,737 | 629,707,691 | 629,838,019 | 629,749,279 | 624,626,545 | 583,110,633 | 584,172,823 | 584,060,910 | 583,644,277 | · | 582,536,892 | 447,671,698 | 447,441,008 | · | 446,947,691 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $387M | $378M | $388M | $378M | $368M | $380M | $344M | $274M | $262M | $254M | $260M | $177M | $170M | $162M | $157M | $157M | |
| Deferred Tax | $289M | $256M | $226M | $337M | $224M | $170M | $319M | $185M | $205M | $180M | $230M | $180M | $134M | $285M | $119M | $117M | |
| Other Non-cash | · | $-474M | · | · | · | $-282M | · | · | · | $-477M | · | · | · | $-275M | · | · | |
| Operating Cash Flow | $2.05B | $934M | $1.55B | $1.62B | $1.52B | $904M | $1.61B | $1.25B | $1.43B | $596M | $1.51B | $920M | $772M | $1.22B | $1.04B | $616M | |
| CapEx | $613M | $864M | $970M | $804M | $749M | $629M | $562M | $468M | $479M | $512M | $603M | $398M | $305M | $289M | $316M | $327M | |
| Investing Cash Flow | $-782M | $-1.01B | $-1.11B | $-1.13B | $-814M | $-694M | $-4.78B | $-498M | $-756M | $-578M | $-645M | $-5.41B | $-400M | $47M | $-275M | $-321M | |
| Debt Issued | · | · | $0 | · | · | · | $112M | $6.98B | $0 | $0 | $0 | $5.24B | $10M | $50M | $749M | $0 | |
| Net Debt Issued | · | $0 | · | · | · | $-250M | · | · | · | $0 | · | · | · | $-375M | · | · | |
| Stock Repurchased | · | · | $45M | $0 | $0 | $30M | $159M | $0 | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | · | · | · | · | · | $-30M | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $674M | $674M | $648M | $648M | $644M | $643M | $579M | $578M | $578M | $578M | $556M | $428M | $428M | $427M | $419M | $418M | |
| Financing Cash Flow | $-1.28B | $167M | $-1.56B | $612M | $-755M | $-802M | $-2.56B | $5.67B | $-703M | $-291M | $-809M | $4.66B | $-946M | $-808M | $-567M | $-409M | |
| Net Change in Cash | $-11M | $94M | $-1.12B | $1.10B | $-44M | $-592M | $-5.73B | $6.43B | $-29M | $-273M | $54M | $178M | $-574M | $460M | $198M | $-113M | |
| Free Cash Flow | · | $70M | · | · | · | $275M | · | · | · | $84M | · | · | · | $932M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-142M | · | · | · | $806M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 13.2% | 14.8% | · | 18.0% | 18.1% | 15.2% | · | 22.5% | 25.1% | 22.2% | · | 17.6% | 19.8% | 33.1% | · | 11.8% | |
| Net Margin | 8.0% | 8.1% | · | 10.9% | 10.7% | 7.9% | · | 13.8% | 15.9% | 13.4% | · | 10.8% | 12.5% | 23.2% | · | 7.3% | |
| Pretax Margin | 10.5% | 10.6% | · | 14.3% | 14.1% | 11.0% | · | 18.2% | 20.9% | 17.7% | · | 14.2% | 16.4% | 30.5% | · | 9.5% | |
| EBITDA Margin | 16.4% | 18.8% | · | 22.4% | 22.8% | 19.9% | · | 27.9% | 30.5% | 27.6% | · | 21.9% | 24.3% | 36.7% | · | 14.5% | |
| ROA | 1.5% | 1.2% | · | 1.6% | 1.5% | 1.2% | · | 1.5% | 2.3% | 1.9% | · | 1.3% | 1.9% | 4.3% | · | 1.8% | |
| ROE | 4.3% | 3.5% | · | 4.8% | 4.4% | 3.4% | · | 4.2% | 6.5% | 5.4% | · | 4.0% | 7.0% | 16.0% | · | 7.1% | |
| ROIC | 2.2% | 1.9% | · | 2.1% | 2.0% | 1.8% | · | 1.9% | 2.4% | 2.1% | · | 1.5% | 2.8% | 5.6% | · | 2.7% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 0.7 | · | 0.9 | 0.6 | 0.7 | · | 0.8 | 0.6 | 0.7 | · | 1.0 | 1.2 | 1.2 | · | 0.7 | |
| Quick Ratio | 0.5 | 0.5 | · | 0.7 | 0.4 | 0.5 | · | 0.5 | 0.3 | 0.4 | · | 0.6 | 0.7 | 0.8 | · | 0.4 | |
| Debt / Equity | 1.4 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.7 | 1.3 | 1.3 | · | 1.3 | 1.8 | 1.9 | · | 2.2 | |
| LT Debt / Equity | 1.3 | 1.4 | · | 1.4 | 1.4 | 1.4 | · | 1.6 | 1.2 | 1.2 | · | 1.3 | 1.8 | 1.8 | · | 1.9 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 3.5 | · | 3.4 | 4.1 | 9.0 | · | 4.2 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.2 | 0.2 | · | 0.2 | |
| Inventory Turnover | 9.7 | 6.9 | · | 8.0 | 7.0 | 6.6 | · | 4.1 | 5.9 | 4.8 | · | 4.0 | 5.3 | 6.8 | · | 8.2 | |
| Receivables Turnover | 4.0 | 3.0 | · | 4.5 | 4.1 | 3.7 | · | 3.6 | 4.2 | 3.4 | · | 2.5 | 2.7 | 3.2 | · | 3.7 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $36.39 | $35.49 | · | $35.06 | $34.66 | $34.20 | · | $28.91 | $28.61 | $28.18 | · | $27.98 | $16.12 | $15.94 | · | $14.12 | |
| Revenue / Share | $19.06 | $15.23 | · | $13.67 | $12.56 | $13.13 | · | $8.56 | $8.35 | $8.16 | · | $9.14 | $8.31 | $10.07 | · | $13.19 | |
| Cash Flow / Share | · | $1.48 | · | · | · | $1.48 | · | · | · | $1.02 | · | · | · | $2.72 | · | · | |
| Cash / Share | $0.26 | $0.27 | · | $1.90 | $0.15 | $0.23 | · | $0.99 | $0.06 | $0.11 | · | $0.49 | $0.24 | $1.52 | · | $0.05 | |
| Dividend Paid / Share | $1.07 | $1.07 | $1.03 | $1.03 | $1.03 | $1.03 | $0.99 | $0.99 | $0.99 | $0.99 | $0.95 | $0.95 | $0.95 | $0.95 | $0.94 | $0.94 | |
| EPS (TTM) | $5.80 | $5.61 | · | $5.44 | $5.13 | $5.12 | · | $4.71 | $4.52 | $4.23 | · | $5.46 | $5.43 | $5.31 | · | $3.59 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $39.37B | $35.20B | · | $31.56B | $27.95B | $24.96B | · | $19.93B | $19.10B | $17.94B | · | $17.47B | $19.20B | $21.46B | · | $22.78B | |
| Net Income TTM | $3.66B | $3.53B | · | $3.34B | $3.09B | $3.03B | · | $2.80B | $2.56B | $2.25B | · | $2.46B | $2.43B | $2.38B | · | $1.62B | |
| Market Cap | $54.80B | $56.95B | · | $45.96B | $51.41B | $61.98B | · | $53.24B | $47.63B | $46.79B | · | $36.95B | $27.63B | $28.43B | · | $22.90B | |
| Enterprise Value | $87.66B | $90.43B | · | $78.49B | $83.78B | $93.87B | · | $80.79B | $69.47B | $68.73B | · | $58.62B | $40.27B | $40.98B | · | $36.66B | |
| P/E | 15.0 | 16.1 | · | 13.4 | 15.9 | 19.4 | · | 19.3 | 18.0 | 19.0 | · | 11.6 | 11.4 | 12.0 | · | 14.3 | |
| P/S | 1.4 | 1.6 | · | 1.5 | 1.8 | 2.5 | · | 2.7 | 2.5 | 2.6 | · | 2.1 | 1.4 | 1.3 | · | 1.0 | |
| P/B | 2.4 | 2.5 | · | 2.1 | 2.4 | 2.9 | · | 3.2 | 2.9 | 2.8 | · | 2.3 | 3.8 | 4.0 | · | 3.6 | |
| P / Tangible Book | 4.6 | 5.0 | · | 4.2 | 4.8 | 6.0 | · | 5.1 | 4.6 | 4.6 | · | 3.8 | 3.8 | 4.0 | · | 3.6 | |
| P / Cash Flow | · | 61.0 | · | · | · | 68.6 | · | · | · | 78.5 | · | · | · | 23.3 | · | · | |
| EV / Revenue | 2.2 | 2.6 | · | 2.5 | 3.0 | 3.8 | · | 4.1 | 3.6 | 3.8 | · | 3.4 | 2.1 | 1.9 | · | 1.6 | |
| Dividend Yield | 4.8% | 4.6% | · | 5.5% | 4.8% | 3.8% | · | 4.3% | 4.5% | 4.2% | · | 4.6% | 6.1% | 5.9% | · | 7.3% | |
| Earnings Yield | 6.7% | 6.2% | · | 7.5% | 6.3% | 5.2% | · | 5.2% | 5.5% | 5.3% | · | 8.6% | 8.8% | 8.4% | · | 7.0% | |
| Payout Ratio | · | 87.1% | · | · | · | 101.1% | · | · | · | 90.5% | · | · | · | 40.7% | · | · | |
| Annual Payout | $2.64B | $2.61B | · | $2.51B | $2.44B | $2.38B | · | $2.29B | $2.14B | $1.99B | · | $1.70B | $1.69B | $1.68B | · | $1.67B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Revenue | $33.63B | $21.70B | · | · | · |
| Operating Margin % | 17.1% | 23.0% | · | · | · |
| Net Income | $3.39B | $3.04B | · | · | · |
| Diluted EPS | $5.42 | $5.17 | · | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Debt / Equity | 1.5 | 1.9 | · | · | · |
| Current Ratio | 0.7 | 0.9 | · | · | · |
| Quick Ratio | 0.5 | 0.6 | · | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $2.45B | $2.87B | · | · | · |
Institutional owners (13F) 1,784 filers · $50.7B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
1,784
Value held
$50.7B
New positions
111
Exited positions
120
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 111 (-160 vs prior Q) | 120 (+32 vs prior Q) | 712 (-11 vs prior Q) | 536 (+55 vs prior Q) | +19.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $5,703,845,059 | 77,603,334 | 11.24% | Shares |
| BlackRock, Inc. | $5,610,887,366 | 64,537,467 | 11.06% | Shares |
| STATE STREET CORP | $3,793,518,138 | 43,633,749 | 7.48% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $3,574,335,965 | 41,112,675 | 7.05% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,686,807,845 | 30,904,162 | 5.30% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,771,264,961 | 20,373,418 | 3.49% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,513,186,031 | 17,439,867 | 2.98% | Shares |
| Capital International Investors | $1,496,537,948 | 17,204,063 | 2.95% | Shares |
| MORGAN STANLEY | $1,033,404,616 | 11,886,409 | 2.04% | Shares |
| First Eagle Investment Management, LLC | $1,028,919,864 | 11,834,827 | 2.03% | Shares |
| UBS Group AG | $1,007,486,018 | 11,588,291 | 1.99% | Shares |
| Invesco Ltd. | $821,618,618 | 9,450,410 | 1.62% | Shares |
| NORGES BANK | $574,346,593 | 6,606,241 | 1.13% | Shares |
| GOLDMAN SACHS GROUP INC | $572,962,755 | 6,590,324 | 1.13% | Shares |
| TORTOISE CAPITAL ADVISORS, L.L.C. | $550,203,007 | 6,328,537 | 1.08% | Shares |
| Capital Research Global Investors | $549,594,109 | 6,319,376 | 1.08% | Shares |
| NORTHERN TRUST CORP | $537,947,163 | 6,187,568 | 1.06% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $517,742,517 | 5,954,419 | 1.02% | Shares |
| DEUTSCHE BANK AG\ | $477,919,177 | 5,497,115 | 0.94% | Shares |
| BANK OF AMERICA CORP /DE/ | $471,845,239 | 5,427,251 | 0.93% | Shares |
| JPMORGAN CHASE & CO | $454,092,923 | 5,117,692 | 0.90% | Shares |
| Clearbridge Investments, LLC | $410,027,600 | 4,716,213 | 0.81% | Shares |
| Bank of New York Mellon Corp | $406,762,177 | 4,678,654 | 0.80% | Shares |
| Legal & General Group Plc | $389,985,020 | 4,485,680 | 0.77% | Shares |
| Amundi | $386,308,153 | 4,443,388 | 0.76% | Shares |
| JANUS HENDERSON GROUP PLC | $346,224,612 | 3,830,346 | 0.68% | Shares |
| Nuveen, LLC | $345,200,581 | 3,970,562 | 0.68% | Shares |
| KAYNE ANDERSON CAPITAL ADVISORS LP | $335,957,808 | 3,864,249 | 0.66% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $331,306,196 | 3,665,297 | 0.65% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $307,619,020 | 3,538,291 | 0.61% | Shares |
| ROYAL BANK OF CANADA | $292,052,000 | 3,359,242 | 0.58% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $253,214,268 | 2,912,178 | 0.50% | Shares |
| ONTARIO TEACHERS PENSION PLAN BOARD | $204,671,974 | 2,354,175 | 0.40% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $200,771,585 | 2,309,312 | 0.40% | Shares |
| RAYMOND JAMES FINANCIAL INC | $195,431,775 | 2,247,893 | 0.39% | Shares |
| Rare Infrastructure Ltd | $182,596,270 | 2,236,877 | 0.36% | Shares |
| CIBC Private Wealth Group LLC | $171,824,265 | 2,354,725 | 0.34% | Shares |
| FIRST TRUST ADVISORS LP | $169,227,066 | 1,946,481 | 0.33% | Shares |
| Swiss National Bank | $154,496,988 | 1,777,053 | 0.30% | Shares |
| Energy Income Partners, LLC | $153,145,419 | 1,761,507 | 0.30% | Shares |
| WELLS FARGO & COMPANY/MN | $151,551,592 | 1,743,174 | 0.30% | Shares |
| CIBC Bancorp USA Inc. | $148,762,913 | 1,711,191 | 0.29% | Shares |
| LPL Financial LLC | $144,543,682 | 1,662,568 | 0.28% | Shares |
| Aberdeen Group plc | $135,219,434 | 1,555,319 | 0.27% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $133,872,038 | 1,539,821 | 0.26% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $132,000,266 | 1,518,291 | 0.26% | Shares |
| AMERICAN CENTURY COMPANIES INC | $131,173,015 | 1,508,773 | 0.26% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $129,838,717 | 1,493,429 | 0.26% | Shares |
| Swiss Life Asset Management Ltd | $128,903,069 | 1,482,667 | 0.25% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $126,207,929 | 1,451,667 | 0.25% | Shares |
Activists & 5%+ owners 12 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| ONEOK, INC. ×3 filings | Jan. 31, 2025 | 0.00% | Amendment | M&A / sale | SEC |
| ONEOK Partners GP, L.L.C. (2), ONEOK, Inc. (2) ×4 filings | July 3, 2017 | · | Initial filing | M&A / sale | SEC |
| ONEOK PARTNERS GP, L.L.C., ONEOK, INC. | March 20, 2008 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Feb. 6, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Feb. 6, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 10, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 10, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 29, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Aug. 29, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | July 3, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | April 18, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | April 2, 2002 | · | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 61 insiders · 28 officers · 19 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| SPENCER TERRY K | President and CEO | Feb. 21, 2021 M | 684,045 | 0 | 0 | $0 |
| Walter S Hulse III | Chief Financial Officer and Executive Vice President, Investor Relations and Corporate Development | Sept. 23, 2026 M | 173,049 | 0 | 0 | $0 |
| James C Kneale | President | Nov. 6, 2009 M | 129,997 | 0 | 0 | $0 |
| Samuel Combs III | President - ONEOK Distribution | May 9, 2007 A | 38,577 | 0 | 0 | $0 |
| J D Holbird | President - ONEOK Energy | Oct. 15, 2005 M | 0 | 0 | 0 | $0 |
| Roger N Mitchell | President - Texas Gas Service | Feb. 4, 2005 A | 5,635 | 0 | 0 | $0 |
| Phyllis Worley | President - Kansas Gas | Feb. 3, 2005 A | 2,078 | 0 | 0 | $0 |
| Randy N Lentz | Executive Vice President and Chief Operating Officer | Feb. 18, 2026 A | 5,139 | 0 | 0 | $0 |
| Mary M Spears | Chief Accounting Officer and Senior Vice President, Finance and Tax | Sept. 23, 2026 M | 28,652 | 0 | 0 | $0 |
| Sheridan C Swords | Executive Vice President and Chief Commercial Officer | Sept. 23, 2026 M | 238,811 | 0 | 0 | $0 |
| Kevin L Burdick | Executive Vice President and Chief Enterprise Services Officer | Sept. 23, 2026 M | 172,029 | 0 | 0 | $0 |
| Lyndon C Taylor | Executive Vice President and Chief Legal Officer | Sept. 23, 2026 M | 9,389 | 0 | 0 | $0 |
| Charles M Kelley | Senior Vice President, Commercial Natural Gas Pipelines | Feb. 23, 2025 M | 132,277 | 0 | 0 | $0 |
| James R Hoskin | Senior Vice President, Refined Products and Crude Operations | Dec. 31, 2024 M | 8,074 | 0 | 0 | $0 |
| Scott D Schingen | Senior Vice President, Natural Gas Liquids and Natural Gas Operations | Nov. 7, 2024 A | 56,830 | 0 | 0 | $0 |
| Janet L. Hogan | Senior Vice President HR | Sept. 12, 2023 A | 4,779 | 0 | 0 | $0 |
| Stephen Brent Allen | Senior VP General Counsel and | Feb. 22, 2023 A | 80,399 | 0 | 0 | $0 |
| John William Gibson | OKE Chairman of the Board | May 25, 2022 M | 999,116 | 0 | 0 | $0 |
| Robert F Martinovich | Executive VP and Chief Adminis | Feb. 20, 2022 F | 277,862 | 0 | 0 | $0 |
| Sheppard F Miers III | VP & Chief Accounting Officer | Feb. 20, 2019 A | 45,874 | 0 | 0 | $0 |
| Derek S Reiners | SVP FINANCE & TREASURER | Feb. 20, 2019 A | 101,680 | 0 | 0 | $0 |
| Wesley John Christensen | SVP OPERATIONS | Feb. 17, 2019 M | 89,423 | 0 | 0 | $0 |
| Stephen William Lake | SR VP & GENERAL COUNSEL | Feb. 22, 2017 A | 21,883 | 0 | 0 | $0 |
| Dandridge L Harrison | SR VP ADMIN SERV/CORP REL | June 25, 2014 A | 22,659 | 0 | 0 | $0 |
| John A Gaberino JR | Sr VP & Special Counsel | Feb. 20, 2006 M | 37,566 | 0 | 0 | $0 |
| Chris R Skoog | Exec. VP-No.Plains Natural Gas | March 1, 2005 A | 22,237 | 0 | 0 | $0 |
| Beverly C Monnet | VP, Audit and Risk Control | Feb. 4, 2005 A | 1,023 | 0 | 0 | $0 |
| Edmund J Farrell | Sr. Vice President - | Feb. 4, 2005 A | 30,314 | 0 | 0 | $0 |
| Wayne Thomas Smith | Director | May 20, 2026 A | 2,700 | 0 | 0 | $0 |
| Precious W Owodunni | Director | May 20, 2026 A | 2,572 | 0 | 0 | $0 |
| Mark W Helderman | Director | May 20, 2026 A | 38,704 | 0 | 0 | $0 |
| Brian L Derksen | Director | May 20, 2026 A | 21,200 | 1 | 0 | $165,000 |
| Lori Gobillot | Director | May 20, 2026 A | · | 0 | 0 | $0 |
| Mark A Mccollum | Director | May 20, 2026 A | 2,572 | 0 | 0 | $0 |
| Julie H Edwards | Director | May 20, 2026 A | 68,630 | 0 | 0 | $0 |
| Randall J Larson | Director | May 20, 2026 A | 29,548 | 0 | 0 | $0 |
| Gerald B Smith | Director | May 23, 2025 A | 22,307 | 0 | 0 | $0 |
| Pattye L Moore | Director | May 23, 2025 A | 0 | 0 | 0 | $0 |
| Steven J Malcolm | Director | May 24, 2023 A | 34,119 | 0 | 0 | $0 |
| James C Day | Director | May 25, 2016 M | 78,876 | 0 | 0 | $0 |
| William L Ford | Director | Dec. 16, 2015 M | 178,588 | 0 | 0 | $0 |
| Bert Mackie | Director | May 13, 2015 M | 74,754 | 0 | 0 | $0 |
| Bert H Mackie | Director | May 20, 2010 A | 17,238 | 0 | 0 | $0 |
| William M Bell | Director | May 16, 2008 M | 42,276 | 0 | 0 | $0 |
| Douglas Ann Newsom | Director | Jan. 16, 2007 M | 14,062 | 0 | 0 | $0 |
| Eduardo A Rodriguez | · | May 20, 2026 A | 29,972 | 0 | 0 | $0 |
| Pierce Norton | · | Feb. 22, 2026 M | 127,782 | 0 | 0 | $0 |
| Jim W Mogg | · | May 24, 2023 A | 1,970 | 0 | 0 | $0 |
| Gary David Parker | · | Dec. 15, 2020 M | 150,710 | 0 | 0 | $0 |
| Kevin S Mccarthy | · | May 2, 2017 M | 5,804 | 0 | 0 | $0 |
| David James Tippeconnic | · | May 23, 2012 A | 1,000 | 0 | 0 | $0 |
| John R Barker | · | May 12, 2011 G | 37,035 | 0 | 0 | $0 |
| Curtis Dinan | · | Feb. 18, 2011 A | 22,209 | 0 | 0 | $0 |
| David L Kyle | · | Feb. 3, 2011 G | 81,173 | 0 | 0 | $0 |
| Caron A Lawhorn | · | Feb. 18, 2010 A | 24,366 | 0 | 0 | $0 |
| Mollie B Williford | · | May 21, 2009 M | 26,996 | 0 | 0 | $0 |
| William S Maxwell | · | May 9, 2007 A | 33,434 | 0 | 0 | $0 |
| William R Cordes | · | Jan. 19, 2006 A | 7 | 0 | 0 | $0 |
| Lamar D Miller | · | Feb. 4, 2005 A | 10,378 | 0 | 0 | $0 |
| J D Scott | · | Nov. 8, 2004 G | 164,265 | 0 | 0 | $0 |
| WESTAR ENERGY INC /KS | · | Nov. 25, 2003 S | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 140 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RSPG · Invesco Exchange-Traded Fund Trust | 4.40% | 307,975 SH | Oct. 1, 2026 | Daily |
| USAI · Pacer Funds Trust | 4.31% | 63,032 NS | July 31, 2026 | N-PORT |
| PUI · Invesco Exchange-Traded Fund Trust | 4.10% | 22,910 SH | Oct. 1, 2026 | Daily |
| BKGI · BNY Mellon ETF Trust | 3.11% | 448,259 NS | July 31, 2026 | N-PORT |
| AMZA · ETFis Series Trust I | 2.57% | 133,376 NS | July 31, 2026 | N-PORT |
| ERX · Direxion Shares ETF Trust | 2.52% | 64,673 NS | July 31, 2026 | N-PORT |
| EIPX · First Trust Exchange-Traded Fund IV | 2.51% | 155,964 NS | July 31, 2026 | N-PORT |
| IYE · iShares Trust | 2.44% | 483,499 SH | Sept. 11, 2026 | Daily |
| VDE · VANGUARD WORLD FUND | 2.41% | 3,048,058 SH | Aug. 19, 2026 | Daily |
| FXN · First Trust Exchange-Traded AlphaDE… | 2.39% | 99,715 NS | July 31, 2026 | N-PORT |
| FENY · FIDELITY COVINGTON TRUST | 2.25% | 497,854 NS | July 31, 2026 | N-PORT |
| EMLP · First Trust Exchange-Traded Fund IV | 2.25% | 1,022,039 NS | July 31, 2026 | N-PORT |
| SPHD · Invesco Exchange-Traded Fund Trust … | 2.22% | 825,099 SH | Oct. 1, 2026 | Daily |
| IGF · iShares Trust | 2.17% | 2,353,761 SH | Sept. 11, 2026 | Daily |
| SPDV · ETF Series Solutions | 2.14% | 31,051 NS | July 31, 2026 | N-PORT |
| DVY · iShares Trust | 1.85% | 4,546,416 SH | Sept. 11, 2026 | Daily |
| EPMV · Harbor ETF Trust | 1.82% | 938 NS | July 31, 2026 | N-PORT |
| IXC · iShares Trust | 1.55% | 479,392 SH | Sept. 11, 2026 | Daily |
| IGE · iShares Trust | 1.47% | 123,070 SH | Sept. 11, 2026 | Daily |
| PWV · Invesco Exchange-Traded Fund Trust | 1.42% | 302,255 SH | Oct. 1, 2026 | Daily |
| NUDV · Nushares ETF Trust | 1.37% | 7,598 NS | July 31, 2026 | N-PORT |
| NULV · Nushares ETF Trust | 1.31% | 316,155 NS | July 31, 2026 | N-PORT |
| HDV · iShares Trust | 1.28% | 2,047,835 SH | Sept. 11, 2026 | Daily |
| ELCV · Strategy Shares | 1.10% | 30,529 NS | July 31, 2026 | N-PORT |
| NBET · Neuberger Berman ETF Trust | 1.06% | 5,508 NS | July 31, 2026 | N-PORT |
| FPWR · First Trust Exchange-Traded Fund IV | 1.05% | 3,428 NS | July 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.94% | 4,047,138 SH | Aug. 19, 2026 | Daily |
| NULC · Nushares ETF Trust | 0.87% | 6,718 NS | July 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.83% | 101,141 SH | Sept. 11, 2026 | Daily |
| JOET · Virtus ETF Trust II | 0.81% | 21,624 NS | July 31, 2026 | N-PORT |
| NFRA · FlexShares Trust | 0.78% | 259,722 NS | July 31, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.72% | 110,622 NS | July 31, 2026 | N-PORT |
| SUSA · iShares Trust | 0.61% | 254,120 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.59% | 941,562 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.53% | 13,653,708 SH | Aug. 19, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.53% | 394,469 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.46% | 13,078,000 | Oct. 1, 2026 | Daily |
| IWR · iShares Trust | 0.44% | 2,583,218 SH | Sept. 11, 2026 | Daily |
| RPV · Invesco Exchange-Traded Fund Trust | 0.43% | 82,287 SH | Oct. 1, 2026 | Daily |
| IMCB · iShares Trust | 0.41% | 72,692 SH | Sept. 11, 2026 | Daily |
| FEUS · FlexShares Trust | 0.41% | 5,060 NS | July 31, 2026 | N-PORT |
| EVUS · iShares Trust | 0.41% | 16,099 SH | Sept. 11, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.38% | 64,830 NS | July 31, 2026 | N-PORT |
| ESLV · Strategy Shares | 0.37% | 579 NS | July 31, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.36% | 12,564,000 | Oct. 1, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.36% | 6,682 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.34% | 795 SH | Sept. 11, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.34% | 15,602,500 | Oct. 1, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.31% | 9,160,000 | Oct. 1, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 15,185 NS | July 31, 2026 | N-PORT |
| HAPI · Harbor ETF Trust | 0.29% | 15,469 NS | July 31, 2026 | N-PORT |
| FDRR · FIDELITY COVINGTON TRUST | 0.29% | 23,137 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.27% | 459,305 NS | July 31, 2026 | N-PORT |
| DFVX · Dimensional ETF Trust | 0.25% | 14,356 NS | July 31, 2026 | N-PORT |
| DIVB · iShares Trust | 0.24% | 51,268 SH | Sept. 11, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.23% | 2,516,363 SH | Aug. 19, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.23% | 296,000 | Oct. 1, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.21% | 19,511 SH | Oct. 1, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 40,642 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.20% | 1,046,784 SH | Sept. 11, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.20% | 5,985,948 SH | Aug. 19, 2026 | Daily |
| IUSV · iShares Trust | 0.19% | 550,415 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.19% | 145,066 SH | Aug. 19, 2026 | Daily |
| SIZE · iShares Trust | 0.19% | 8,358 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.18% | 2,041,389 SH | Oct. 1, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.18% | 206,281 SH | Oct. 1, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.18% | 20,322 SH | Oct. 1, 2026 | Daily |
| SUSL · iShares Trust | 0.18% | 22,235 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.18% | 6,352 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.18% | 21,419 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.17% | 24,242 SH | Sept. 11, 2026 | Daily |
| DSI · iShares Trust | 0.17% | 96,683 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.16% | 1,401,517 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.16% | 9,712 NS | July 31, 2026 | N-PORT |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.15% | 380,534 SH | Aug. 19, 2026 | Daily |
| ESGU · iShares Trust | 0.14% | 258,221 SH | Sept. 11, 2026 | Daily |
| EGLE · Global X Funds | 0.13% | 32 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.12% | 137,969 SH | Oct. 1, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.12% | 607,116 NS | July 31, 2026 | N-PORT |
| USCL · iShares Trust | 0.11% | 33,347 SH | Sept. 11, 2026 | Daily |
| TOPC · iShares Trust | 0.11% | 383 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.11% | 147,325 NS | July 31, 2026 | N-PORT |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 561 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.10% | 7,217 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.09% | 515 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.09% | 655 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.09% | 49 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.09% | 7,941,342 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.09% | 33,258 NS | July 31, 2026 | N-PORT |
| VV · VANGUARD INDEX FUNDS | 0.09% | 735,854 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.09% | 2,594 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.09% | 79 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.09% | 12,814 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.09% | 12,011 SH | Sept. 11, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.09% | 53,635 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.09% | 31,830 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.09% | 31,621 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 85,645 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.09% | 10,503 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.09% | 34 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.09% | 436,964 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.09% | 27,036 SH | Sept. 11, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.08% | 54 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.08% | 192,524 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.08% | 174,882 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.08% | 3,749 SH | Oct. 1, 2026 | Daily |
| ITOT · iShares Trust | 0.08% | 820,502 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.08% | 2,377 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.08% | 108,854 SH | Oct. 1, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.08% | 15,180 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.08% | 16,366,384 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.08% | 20,005,636 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.08% | 104,039 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.08% | 53,095 SH | Aug. 19, 2026 | Daily |
| TOK · iShares Trust | 0.07% | 1,798 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.07% | 13,870 SH | Oct. 1, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.07% | 4,382 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.07% | 496 SH | Oct. 1, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.07% | 18 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.07% | 16,274 NS | July 31, 2026 | N-PORT |
| SPXL · Direxion Shares ETF Trust | 0.07% | 49,253 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.07% | 56,767 SH | Sept. 11, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.06% | 1,016 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.06% | 199,743 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.05% | 518,536 SH | Aug. 19, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.05% | 11,657 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.04% | 19,636 SH | Oct. 1, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IFRA · iShares Trust | · | 769,161 SH | Sept. 11, 2026 | Daily |
OKE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 28 analysts
BUY
Median target
$104.50
+18.9%
5 17.9%
Strong Buy
8 28.6%
Buy
15 53.6%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
20 analysts · 2026-10-03Mean target $101.50 +15.5%
← Below all targets
Current price $87.88
Low$89.00
Mean$101.50
High$112.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| OKE | $46.28B | 13.6 | 55.0% | 10.1% | 17.2% | · |
| ET | · | · | 3.5% | 5.2% | 9.4% | · |
| KMI | $61.16B | 20.1 | 12.2% | 18.0% | 9.9% | · |
| TRGP | $39.61B | 21.7 | 4.0% | 11.3% | 68.0% | · |
| MPLX | · | · | 8.9% | 38.1% | · | · |
| LNG | $41.29B | 8.1 | 27.2% | 26.7% | 78.3% | · |
| CQP | · | -109.1 | 23.6% | 27.8% | · | · |
| WES | · | · | 6.6% | 30.7% | · | · |
| PAA | · | · | -9.5% | 3.2% | · | · |
| DTM | $12.17B | 27.8 | 26.7% | 35.5% | 9.4% | · |
| AM | $8.43B | 20.7 | 7.4% | 34.8% | 20.4% | · |
Latest News Recent headlines mentioning this company
ONEOK Inc. Bottom Line Rises In Q2
Nasdaq · 1 month, 4 weeks ago
2 Best Stocks to Buy in the Market Right Now
Yahoo Finance · 3 months, 2 weeks ago
Want Passive Income You Can Bank On? Buy This Elite 5.1%-Yielding Dividend Stock And Never Look Back.
Nasdaq · 4 months ago
Freedom Broker Turns Cautious on ONEOK (OKE) Despite Higher Price Target
Yahoo Finance · 4 months, 1 week ago
ONEOK (OKE) Price Target Raised by $1, ‘Outperform’ Rating Maintained
Yahoo Finance · 5 months, 2 weeks ago
ONEOK's Quarterly Earnings Preview: What You Need to Know
Yahoo Finance · 5 months, 2 weeks ago
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Source: SEC 10-Q filed Aug 4, 2026