Which has the lower trailing P/E, ET or OKE?

ET has the lower trailing P/E: ET trades at 13.16 and OKE at 16.55. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ET or OKE?

Over the past five years, OKE grew revenue faster — ET at a 14.94% CAGR versus OKE at 27.55%.

Does ET or OKE pay a bigger dividend?

ET yields 6.35% and OKE yields 4.42% based on trailing dividends and the latest price.

Is ET or OKE more profitable?

OKE runs the higher net margin — ET at 5.57% versus OKE at 9.29%.

How have ET and OKE total returns compared?

Over the past 10 years, ET delivered 10.40% and OKE delivered 13.51% annualized total return. Past performance doesn't predict future results.

Energy Transfer LP (ET) vs ONEOK, Inc. (OKE)

A side-by-side comparison of Energy Transfer LP and ONEOK, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 20, 2026. Differences are shown without an overall score or investment verdict.

Energy Transfer LP

$72.88B

$21.18EnergyAt close: Aug 19, 2026, 4:00 PM ET

OKE

ONEOK, Inc.

$60.50B

$96.01EnergyAt close: Aug 19, 2026, 4:00 PM ET

Total return — ET vs OKE

growth of $100 · dividends reinvested · last 10y

ET +168.6% (+10.4%/yr)OKE +274.5% (+14.1%/yr)OKE compounded faster over this window

ET OKE

ET vs OKE: by the numbers

•ET is the larger company ($72.88B vs $60.50B market cap).
•ET trades at the lower trailing earnings multiple (13.16 vs 16.55 P/E), one valuation lens rather than an overall verdict.
•OKE converts more revenue to profit (9.29% vs 5.57% net margin).
•OKE grew revenue faster over the past five years (27.55% vs 14.94% CAGR).
•ET pays the higher dividend yield (6.35% vs 4.42%).

Metrics side by side

Valuation

Metric	ET	OKE
P/E ratio	13.16	16.55
Forward P/E	13.55	16.79
P/S ratio	0.70	1.54
P/B ratio	2.08	2.65
EV / EBITDA	8.49	10.62
FCF yield	7.12%	4.79%

Profitability

Metric	ET	OKE
Gross margin	24.11%	21.83%
Operating margin	10.60%	18.48%
Net margin	5.57%	9.29%
ROE	16.47%	15.95%
ROIC	8.16%	8.77%

Dividends

Metric	ET	OKE
Dividend yield	6.35%	4.42%
Payout ratio	98.90%	78.08%

Growth (annualized)

Metric	ET	OKE
Revenue CAGR (5Y)	14.94%	27.55%
EPS CAGR (5Y)	0.25%	30.77%
FCF CAGR (5Y)	11.51%	18.10%
Total return CAGR (5Y)	28.60%	20.67%

Frequently asked

Which has the lower trailing P/E, ET or OKE?: ET has the lower trailing P/E: ET trades at 13.16 and OKE at 16.55. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ET or OKE?: Over the past five years, OKE grew revenue faster — ET at a 14.94% CAGR versus OKE at 27.55%.
Does ET or OKE pay a bigger dividend?: ET yields 6.35% and OKE yields 4.42% based on trailing dividends and the latest price.
Is ET or OKE more profitable?: OKE runs the higher net margin — ET at 5.57% versus OKE at 9.29%.
How have ET and OKE total returns compared?: Over the past 10 years, ET delivered 10.40% and OKE delivered 13.51% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ET analysis Full OKE analysis Interactive comparison tool

Dig into the metrics

Energy Transfer LP P/E ratio ONEOK P/E ratio Energy Transfer LP dividend yield ONEOK dividend yield Energy Transfer LP ROE ONEOK ROE Energy Transfer LP operating margin ONEOK operating margin Energy Transfer LP revenue growth ONEOK revenue growth Energy Transfer LP free cash flow ONEOK free cash flow

Energy Transfer LP & ONEOK appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

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 August 20, 2026.