Is MPC or OKE cheaper?

On trailing earnings, OKE is cheaper: MPC trades at a 17.19 P/E and OKE at 16.15.

Which has grown faster, MPC or OKE?

Over the past five years, OKE grew revenue faster — MPC at a 14.07% CAGR versus OKE at 29.16%.

Does MPC or OKE pay a bigger dividend?

MPC yields 1.48% and OKE yields 4.64% based on trailing dividends and the latest price.

Is MPC or OKE more profitable?

OKE runs the higher net margin — MPC at 3.41% versus OKE at 10.04%.

Which has been the better investment, MPC or OKE?

Over the past 10-year, MPC delivered the higher annualized total return — MPC at 25.67% versus OKE at 13.94%. Past performance doesn't predict future results.

Marathon Petroleum Corporation (MPC) vs ONEOK, Inc. (OKE)

OKE leads on 9 of 16 compared metrics.

A side-by-side comparison of Marathon Petroleum Corporation and ONEOK, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

MPC

Marathon Petroleum Corporation

Total return — MPC vs OKE

growth of $100 · last 15y

MPC +1251.7%OKE +186.1%MPC compounded faster

MPC OKE

MPC vs OKE: by the numbers

•MPC is the larger company ($76.95B vs $57.07B market cap).
•OKE trades at the lower earnings multiple (16.15 vs 17.19 P/E).
•OKE converts more revenue to profit (10.04% vs 3.41% net margin).
•OKE grew revenue faster over the past five years (29.16% vs 14.07% CAGR).
•OKE pays the higher dividend yield (4.64% vs 1.48%).

Which is better, MPC or OKE?

Metric tally: MPC 7 · OKE 9

It depends on what you're optimizing for:

ValueOKE(lower P/E)

GrowthOKE(faster 5Y revenue CAGR)

IncomeOKE(higher dividend yield)

QualityOKE(higher ROIC)

Valuation

Metric	MPC	OKE
P/E ratio	17.19	16.15●
Forward P/E	10.95●	14.62
P/S ratio	0.57●	1.63
P/B ratio	4.64	2.56●
PEG ratio	0.39●	2.95
EV / EBITDA	8.87●	11.55
FCF yield	7.33%●	3.92%

Profitability

Metric	MPC	OKE
Gross margin	8.80%	23.95%●
Operating margin	5.02%	20.26%●
Net margin	3.41%	10.04%●
ROE	27.65%●	15.80%
ROIC	7.03%	8.62%●

Dividends

Metric	MPC	OKE
Dividend yield	1.48%	4.64%●
Payout ratio	29.46%	77.35%

Growth (annualized)

Metric	MPC	OKE
Revenue CAGR (5Y)	14.07%	29.16%●
EPS CAGR (5Y)	22.12%	30.77%●
FCF CAGR (5Y)	30.60%	30.73%
Total return CAGR (5Y)	36.26%●	16.77%

Frequently asked

Which is better, MPC 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, OKE leads 9 to 7.
Is MPC or OKE cheaper?: On trailing earnings, OKE is cheaper: MPC trades at a 17.19 P/E and OKE at 16.15.
Which has grown faster, MPC or OKE?: Over the past five years, OKE grew revenue faster — MPC at a 14.07% CAGR versus OKE at 29.16%.
Does MPC or OKE pay a bigger dividend?: MPC yields 1.48% and OKE yields 4.64% based on trailing dividends and the latest price.
Is MPC or OKE more profitable?: OKE runs the higher net margin — MPC at 3.41% versus OKE at 10.04%.
Which has been the better investment, MPC or OKE?: Over the past 10-year, MPC delivered the higher annualized total return — MPC at 25.67% versus OKE at 13.94%. Past performance doesn't predict future results.

Go deeper

Full MPC analysis Full OKE analysis Interactive comparison tool

Dig into the metrics

Marathon Petroleum P/E ratio ONEOK P/E ratio Marathon Petroleum dividend yield ONEOK dividend yield Marathon Petroleum ROE ONEOK ROE Marathon Petroleum operating margin ONEOK operating margin Marathon Petroleum revenue growth ONEOK revenue growth Marathon Petroleum free cash flow ONEOK free cash flow

Marathon Petroleum & ONEOK appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Highest FCF Yield 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 14, 2026.