OKE - ONEOK INC /NEW/

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	55.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1000%)	22.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+355%)	-21.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-521%)	35.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+607%)	93.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1773%)	-16.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-419%)	-19.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-486%)	3.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-31%)	36.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+629%)	14.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+198%)	-36.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-827%)	2.7% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-46%)	-6.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-220%)	-14.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-394%)	16.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+236%)	14.1% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+182%)	-31.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-725%)	19.9% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+298%)	—	—
EPS Growth YoY (%)	4.6% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-5.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	42.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	14.6% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	136.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-54.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	10.4% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	115.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-22.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	42.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-22.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	16.3% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-26.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	1.7% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-45.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	8.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-3.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	5.3% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	11.8% Fair ↓ Fair Declining Year-over-year change in net income	14.1% Fair ↓ Fair Declining Year-over-year change in net income	54.4% Excellent ↑ Excellent Improving Year-over-year change in net income	14.8% Fair ↓ Fair Declining Year-over-year change in net income	144.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-52.1% Weak ↓ Weak Declining Year-over-year change in net income	11.0% Fair ↓ Fair Declining Year-over-year change in net income	197.0% Excellent ↑ Excellent Improving Year-over-year change in net income	10.2% Fair ↓ Fair Declining Year-over-year change in net income	43.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-22.0% Weak ↓ Weak Declining Year-over-year change in net income	17.8% Good ↑ Good Improving Year-over-year change in net income	-26.1% Weak ↓ Weak Declining Year-over-year change in net income	0.0% Caution ↓ Caution Declining Year-over-year change in net income	7.8% Fair ↑ Fair Improving Year-over-year change in net income	9.6% Fair ↑ Fair Improving Year-over-year change in net income	-2.1% Weak Weak Year-over-year change in net income	2.3% Caution Caution Year-over-year change in net income	—	—
FCF Growth YoY (%)	-20.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-16.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	53.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-8.1% Weak Weak Year-over-year change in free cash flow	N/M	85.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	-95.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	-21.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	N/M	63.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	49.5% Excellent Excellent Year-over-year change in free cash flow	-9.1% Weak Weak Year-over-year change in free cash flow	N/M	—	—	—	N/M	—	—
Revenue CAGR 3Y (%)	14.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	9.5% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	27.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	30.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	9.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-11.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.4% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	17.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-0.1% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-9.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-15.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-6.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.4% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-2.9% Weak Weak Compound annual revenue growth over 3 years	-2.0% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	31.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	16.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	7.0% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	13.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	13.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	1.9% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-3.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.2% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-0.7% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-9.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-9.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.9% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-6.0% Weak Weak Compound annual revenue growth over 5 years	-1.3% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	12.1% Good ↓ Good Declining Compound annual EPS growth over 3 years	15.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	57.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	7.6% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	6.3% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	3.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	22.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	33.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-4.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	9.0% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-12.6% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-4.5% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-25.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-15.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-16.8% Weak Weak Compound annual EPS growth over 3 years	3.5% Caution Caution Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	17.1% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	23.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+53%)	23.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+54%)	12.5% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-16%)	15.7% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	15.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	18.8% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+26%)	14.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.3% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-24%)	14.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	9.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	7.4% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	8.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	7.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	7.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	8.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	5.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	6.1% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	—
Effective Tax Rate (%) (%)	22.9% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.3% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.5% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.4% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.9% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	43.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.2% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.2% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.0% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.8% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.0% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.4% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	10.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+26%)	14.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+75%)	15.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+88%)	7.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	9.1% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	7.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	12.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	9.1% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	3.2% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	3.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	3.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	2.6% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	2.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	2.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	2.4% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	2.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	2.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	1.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	2.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	—
FCF Margin (%) (%)	7.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.2% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.0% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.2% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-3.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-18.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.2% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-8.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-7.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-6.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	1.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.72x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.94x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.99x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.23x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-0.48x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.49x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.04x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.07x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.07x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.74x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.57x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-3.61x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.07x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	2.17x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-3.20x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.48x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	8.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	7.9% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	8.1% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.7% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	10.0% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	7.9% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	8.7% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	11.8% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	12.0% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	6.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	9.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	13.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.0% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	10.8% Good Good Return earned on debt + equity capital invested Optimal: > 10%	11.7% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	8.6% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	7.8% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	9.2% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	11.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.0% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	5.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.8% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	10.1% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	8.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.4% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	7.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	7.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	7.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	15.1% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+26%)	17.8% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+48%)	16.1% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+34%)	26.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+121%)	24.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+108%)	10.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	20.5% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+71%)	17.5% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+46%)	7.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-42%)	186.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1454%)	73.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+508%)	53.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+342%)	11.4% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	16.9% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+41%)	16.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+34%)	13.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+14%)	13.8% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+15%)	14.9% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+24%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	1.40x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+181%)	1.82x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+264%)	1.32x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+163%)	2.09x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+319%)	2.26x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+352%)	2.35x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+370%)	2.04x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+309%)	1.43x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+186%)	1.65x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+230%)	49.86x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+9871%)	26.64x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+5228%)	13.94x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+2688%)	3.56x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+612%)	3.44x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+589%)	2.02x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+305%)	1.51x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+201%)	1.96x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+293%)	1.97x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+294%)	—	—
Interest Coverage (x)	3.31x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.85x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	6.24x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.15x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.54x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.91x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.89x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.91x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.84x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.74x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.39x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.21x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.25x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	3.65x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.90x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.23x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	2.97x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.47x Fair Fair Operating income divided by interest expense Optimal: > 5x	3.21x Fair Fair Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$31.50B	$30.29B	$21.36B	$13.38B	$13.45B	$13.68B	$12.70B	$9.39B	$9.08B	$9.16B	$8.85B	$8.08B	$8.17B	$6.75B	$4.46B	$3.66B	$4.30B	$3.60B	$-19.11M	$-68.27M
Debt / EBITDA (x)	4.35x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.07x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.48x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.96x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.23x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.32x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.32x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.15x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.10x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.61x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.62x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.74x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.43x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.10x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.08x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.95x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.66x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.54x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$53.82	$37.12	$36.50	$50.03	$37.05	$19.81	$24.58	$30.60	$40.92	$42.25	$36.93	$58.24	$57.62	$61.28	$70.72	—	—	$154.81	$125.55	—
Basic EPS, GAAP (USD)	$5.43	$5.19	$5.49	$3.85	$3.36	$1.42	$3.09	$2.80	$1.30	$1.67	$1.17	$1.50	$1.29	$1.75	$1.72	$3.15	$2.90	$2.99	$2.84	—
Free Cash Flow per Share (USD)	$3.92	$4.90	$5.84	$3.81	$4.14	$-0.69	$-4.60	$0.11	$2.70	$3.45	$-0.86	$-2.36	$-4.67	$-4.28	$0.11	—	—	$-9.56	$1.36	—
Dividend per Share (USD)	$4.12	$3.96	$3.82	$3.74	$3.74	$3.74	$3.53	$3.25	$2.72	$2.46	$2.43	$2.12	$1.48	$1.27	$1.08	$1.82	$1.64	$1.56	$1.40	—
Book Value per Share (USD)	$35.71	$29.22	$28.27	$14.52	$13.48	$13.58	$15.07	$15.99	$14.22	$0.90	$1.60	$2.84	$11.31	$10.39	$10.84	$22.92	$20.84	$19.92	—	—
Tangible Book Value per Share (USD)	$18.30	$10.13	$17.52	$12.84	$11.77	$11.84	$12.75	$13.64	$11.67	$-3.88	$-3.25	$-2.03	$8.77	$7.51	$7.93	$17.28	$20.84	$19.92	—	—
Basic Weighted Avg Shares (shares)	624.80M	584.60M	484.30M	447.50M	446.40M	431.11M	413.56M	411.49M	297.48M	211.13M	210.21M	209.39M	206.04M	206.14M	209.34M	106,368	105,362	104.37M	107.35M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	209.2% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	147.3% Weak → Weak Stable Dividends paid as a percentage of earnings Optimal: 30-60%	207.7% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	141.7% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	114.7% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	72.6% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	62.8% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	57.8% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	56.6% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	52.2% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	49.3% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$-1.88B	$-481.00M	$-344.00M	$-503.00M	$-810.25M	$525.23M	$-549.96M	$-709.80M	$-902.88M	$-1.41B	$-663.06M	$-1.09B	$-325.61M	$-48.33M	$-927.36M	$-771.70M	$-750.45M	$-816.16M	—	—
LT Debt (USD)	$30.75B	$31.02B	$21.70B	$13.60B	$13.60B	$14.20B	$12.50B	$9.40B	$8.50B	$8.30B	$8.40B	$7.20B	$7.75B	$6.52B	$4.53B	$3.69B	$4.33B	$4.11B	—	—
Total Equity (USD)	$22.48B	$17.04B	$16.48B	$6.49B	$6.02B	$6.04B	$6.23B	$6.58B	$5.53B	$188.75M	$335.80M	$592.12M	$2.34B	$2.13B	$2.24B	$2.45B	$2.21B	$2.09B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$33.63B	$21.70B	$17.68B	$22.39B	$16.54B	$8.54B	$10.16B	$12.59B	$12.17B	$8.92B	$7.76B	$12.20B	$11.87B	$12.63B	$14.81B	$12.68B	$11.11B	$16.16B	$13.48B	—
Depreciation Expense (USD)	$1.51B	$1.13B	$769.00M	$626.00M	$621.70M	$578.66M	$476.54M	$428.56M	$406.33M	$391.58M	$354.62M	$294.68M	$239.34M	$335.84M	$312.16M	$307.22M	$288.99M	$243.93M	$227.96M	—
Net Income, GAAP (USD)	$3.39B	$3.04B	$2.66B	$1.72B	$1.50B	$612.81M	$1.28B	$1.15B	$387.84M	$352.04M	$244.98M	$314.11M	$266.53M	$360.62M	$360.59M	$334.63M	$305.45M	$311.91M	$304.92M	—
Operating Cash Flow (USD)	$5.60B	$4.89B	$4.42B	$2.91B	$2.55B	$1.90B	$1.95B	$2.19B	$1.32B	$1.35B	$1.01B	$1.29B	$1.29B	$984.00M	$1.36B	$834.04M	$1.45B	$475.68M	$1.03B	—

ONEOK INC /NEW/

Analytical Summary

20-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare OKE with peers