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

MPLX has the lower trailing P/E: MPLX trades at 12.34 and OKE at 15.27. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MPLX or OKE?

Over the past five years, OKE grew revenue faster — MPLX at a 7.97% CAGR versus OKE at 27.55%.

Does MPLX or OKE pay a bigger dividend?

MPLX yields 7.51% and OKE yields 4.79% based on trailing dividends and the latest price.

Is MPLX or OKE more profitable?

MPLX runs the higher net margin — MPLX at 36.75% versus OKE at 9.29%.

How have MPLX and OKE total returns compared?

Over the past 10 years, MPLX delivered 15.85% and OKE delivered 12.63% annualized total return. Past performance doesn't predict future results.

MPLX Lp (MPLX) vs ONEOK, Inc. (OKE)

A side-by-side comparison of MPLX Lp and ONEOK, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

MPLX

MPLX Lp

$58.22B

$57.37EnergyDelayed quote: Oct 5, 2026, 4:00 PM EDT

OKE

ONEOK, Inc.

$55.82B

$88.58EnergyDelayed quote: Oct 5, 2026, 4:00 PM EDT

Total return — MPLX vs OKE

growth of $100 · dividends reinvested · last 10y

MPLX +346.1% (+16.1%/yr)OKE +217.7% (+12.3%/yr)MPLX compounded faster over this window

MPLX OKE

MPLX vs OKE: by the numbers

•MPLX is the larger company ($58.22B vs $55.82B market cap).
•MPLX trades at the lower trailing earnings multiple (12.34 vs 15.27 P/E), one valuation lens rather than an overall verdict.
•MPLX converts more revenue to profit (36.75% vs 9.29% net margin).
•OKE grew revenue faster over the past five years (27.55% vs 7.97% CAGR).
•MPLX pays the higher dividend yield (7.51% vs 4.79%).

Metrics side by side

Valuation

Metric	MPLX	OKE
P/E ratio	12.34	15.27
Forward P/E	13.40	15.51
PEG ratio	N/A	0.50
P/S ratio	4.52	1.42
P/B ratio	4.15	2.43
EV / EBITDA	11.95	10.07
FCF yield	5.73%	5.21%

Profitability

Metric	MPLX	OKE
Gross margin	52.17%	21.83%
Operating margin	42.91%	18.48%
Net margin	36.75%	9.29%
ROE	33.77%	15.95%
ROIC	13.47%	8.77%

Dividends

Metric	MPLX	OKE
Dividend yield	7.51%	4.79%
Payout ratio	92.60%	73.10%

Growth (annualized)

Metric	MPLX	OKE
Revenue CAGR (5Y)	7.97%	27.55%
EPS CAGR (5Y)	N/A	30.77%
FCF CAGR (5Y)	4.20%	18.10%
Total return CAGR (5Y)	24.94%	14.06%

Some values include inputs from SEC filing.

Frequently asked

Which has the lower trailing P/E, MPLX or OKE?: MPLX has the lower trailing P/E: MPLX trades at 12.34 and OKE at 15.27. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MPLX or OKE?: Over the past five years, OKE grew revenue faster — MPLX at a 7.97% CAGR versus OKE at 27.55%.
Does MPLX or OKE pay a bigger dividend?: MPLX yields 7.51% and OKE yields 4.79% based on trailing dividends and the latest price.
Is MPLX or OKE more profitable?: MPLX runs the higher net margin — MPLX at 36.75% versus OKE at 9.29%.
How have MPLX and OKE total returns compared?: Over the past 10 years, MPLX delivered 15.85% and OKE delivered 12.63% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MPLX analysis Full OKE analysis Interactive comparison tool

Dig into the metrics

MPLX Lp P/E ratio ONEOK P/E ratio MPLX Lp dividend yield ONEOK dividend yield MPLX Lp ROE ONEOK ROE MPLX Lp operating margin ONEOK operating margin MPLX Lp revenue growth ONEOK revenue growth MPLX Lp free cash flow ONEOK free cash flow

MPLX Lp & ONEOK appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Highest Operating Margin 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 October 6, 2026.