Is ET or OKE cheaper?

On trailing earnings, ET is cheaper: ET trades at a 14.34 P/E and OKE at 15.70.

Which has grown faster, ET or OKE?

Over the past five years, OKE grew revenue faster — ET at a 15.06% CAGR versus OKE at 29.16%.

Does ET or OKE pay a bigger dividend?

ET yields 6.95% and OKE yields 4.77% based on trailing dividends and the latest price.

Is ET or OKE more profitable?

OKE runs the higher net margin — ET at 5.41% versus OKE at 10.04%.

Which has been the better investment, ET or OKE?

Over the past 10-year, OKE delivered the higher annualized total return — ET at 11.87% versus OKE at 13.21%. Past performance doesn't predict future results.

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

ET leads on 9 of 17 compared metrics.

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 June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — ET vs OKE

growth of $100 · last 20y

ET +232.7%OKE +624.8%OKE compounded faster

ET OKE

ET vs OKE: by the numbers

•ET is the larger company ($66.14B vs $55.48B market cap).
•ET trades at the lower earnings multiple (14.34 vs 15.70 P/E).
•OKE converts more revenue to profit (10.04% vs 5.41% net margin).
•OKE grew revenue faster over the past five years (29.16% vs 15.06% CAGR).
•ET pays the higher dividend yield (6.95% vs 4.77%).

Which is better, ET or OKE?

Metric tally: ET 9 · OKE 8

It depends on what you're optimizing for:

ValueET(lower P/E)

GrowthOKE(faster 5Y revenue CAGR)

IncomeET(higher dividend yield)

QualityOKE(higher ROIC)

Metrics side by side

Valuation

Metric	ET	OKE
P/E ratio	14.34●	15.70
Forward P/E	12.09●	14.18
P/S ratio	0.74●	1.58
P/B ratio	1.93●	2.49
PEG ratio	2.23●	2.93
EV / EBITDA	9.30●	11.35
FCF yield	5.50%●	4.03%

Profitability

Metric	ET	OKE
Gross margin	22.91%	23.95%●
Operating margin	11.11%	20.26%●
Net margin	5.41%	10.04%●
ROE	14.02%	15.80%●
ROIC	7.17%	8.62%●

Dividends

Metric	ET	OKE
Dividend yield	6.95%●	4.77%
Payout ratio	98.16%	77.35%

Growth (annualized)

Metric	ET	OKE
Revenue CAGR (5Y)	15.06%	29.16%●
EPS CAGR (5Y)	0.25%	30.77%●
FCF CAGR (5Y)	-11.11%	30.73%●
Total return CAGR (5Y)	21.42%●	16.05%

Frequently asked

Which is better, ET or OKE?: It depends on your goal. value: ET (lower P/E); growth: OKE (faster 5Y revenue CAGR); income: ET (higher dividend yield); quality: OKE (higher ROIC). Across all compared metrics, ET leads 9 to 8.
Is ET or OKE cheaper?: On trailing earnings, ET is cheaper: ET trades at a 14.34 P/E and OKE at 15.70.
Which has grown faster, ET or OKE?: Over the past five years, OKE grew revenue faster — ET at a 15.06% CAGR versus OKE at 29.16%.
Does ET or OKE pay a bigger dividend?: ET yields 6.95% and OKE yields 4.77% based on trailing dividends and the latest price.
Is ET or OKE more profitable?: OKE runs the higher net margin — ET at 5.41% versus OKE at 10.04%.
Which has been the better investment, ET or OKE?: Over the past 10-year, OKE delivered the higher annualized total return — ET at 11.87% versus OKE at 13.21%. 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 Best 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 June 24, 2026.