ConocoPhillips (COP) vs ONEOK, Inc. (OKE)
COP and OKE are evenly matched — 8 metrics each of 16.
A side-by-side comparison of ConocoPhillips and ONEOK, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 17, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — COP vs OKE
growth of $100 · last 30yCOP +613.8%OKE +1477.0%OKE compounded faster
COP OKE
COP vs OKE: by the numbers
- •COP is the larger company ($134.58B vs $54.03B market cap).
- •OKE trades at the lower earnings multiple (15.39 vs 18.94 P/E).
- •COP converts more revenue to profit (12.56% vs 10.04% net margin).
- •OKE grew revenue faster over the past five years (29.16% vs 20.71% CAGR).
- •OKE pays the higher dividend yield (4.87% vs 2.96%).
Which is better, COP or OKE?
Metric tally: COP 8 · OKE 8It depends on what you're optimizing for:
ValueOKE(lower P/E)
GrowthOKE(faster 5Y revenue CAGR)
IncomeOKE(higher dividend yield)
QualityOKE(higher ROIC)
Metrics side by side
Valuation
| Metric | COP | OKE |
|---|---|---|
| P/E ratio | 18.94 | 15.39● |
| Forward P/E | 12.38● | 13.90 |
| P/S ratio | 2.34 | 1.55● |
| P/B ratio | 2.11● | 2.44 |
| PEG ratio | — | 2.95 |
| EV / EBITDA | 6.29● | 11.21 |
| FCF yield | 11.27%● | 4.11% |
Profitability
| Metric | COP | OKE |
|---|---|---|
| Gross margin | 29.18%● | 23.95% |
| Operating margin | 18.28% | 20.26%● |
| Net margin | 12.56%● | 10.04% |
| ROE | 11.34% | 15.80%● |
| ROIC | 6.54% | 8.62%● |
Dividends
| Metric | COP | OKE |
|---|---|---|
| Dividend yield | 2.96% | 4.87%● |
| Payout ratio | 51.89% | 77.35% |
Growth (annualized)
| Metric | COP | OKE |
|---|---|---|
| Revenue CAGR (5Y) | 20.71% | 29.16%● |
| EPS CAGR (5Y) | -0.18% | 30.77%● |
| FCF CAGR (5Y) | 97.59%● | 30.73% |
| Total return CAGR (5Y) | 17.49%● | 15.90% |
Frequently asked
- Which is better, COP or OKE?
- It depends on your goal. value: OKE (lower P/E); growth: OKE (faster 5Y revenue CAGR); income: OKE (higher dividend yield); quality: OKE (higher ROIC). Across all compared metrics, they are evenly matched.
- Is COP or OKE cheaper?
- On trailing earnings, OKE is cheaper: COP trades at a 18.94 P/E and OKE at 15.39.
- Which has grown faster, COP or OKE?
- Over the past five years, OKE grew revenue faster — COP at a 20.71% CAGR versus OKE at 29.16%.
- Does COP or OKE pay a bigger dividend?
- COP yields 2.96% and OKE yields 4.87% based on trailing dividends and the latest price.
- Is COP or OKE more profitable?
- COP runs the higher net margin — COP at 12.56% versus OKE at 10.04%.
- Which has been the better investment, COP or OKE?
- Over the past 10-year, OKE delivered the higher annualized total return — COP at 13.06% versus OKE at 13.23%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ConocoPhillips P/E ratioONEOK P/E ratioConocoPhillips dividend yieldONEOK dividend yieldConocoPhillips ROEONEOK ROEConocoPhillips operating marginONEOK operating marginConocoPhillips revenue growthONEOK revenue growthConocoPhillips free cash flowONEOK free cash flow
ConocoPhillips & ONEOK appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 17, 2026.