Is OKE or TRGP cheaper?

On trailing earnings, OKE is cheaper: OKE trades at a 15.38 P/E and TRGP at 26.94.

Which has grown faster, OKE or TRGP?

Over the past five years, OKE grew revenue faster — OKE at a 29.16% CAGR versus TRGP at 10.04%.

Does OKE or TRGP pay a bigger dividend?

OKE yields 4.87% and TRGP yields 1.61% based on trailing dividends and the latest price.

Is OKE or TRGP more profitable?

TRGP runs the higher net margin — OKE at 10.04% versus TRGP at 12.98%.

Which has been the better investment, OKE or TRGP?

Over the past 10-year, TRGP delivered the higher annualized total return — OKE at 13.10% versus TRGP at 25.65%. Past performance doesn't predict future results.

ONEOK, Inc. (OKE) vs Targa Resources Corp. (TRGP)

OKE leads on 10 of 17 compared metrics.

A side-by-side comparison of ONEOK, Inc. and Targa Resources Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 22, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Targa Resources Corp.

$56.78B

$264.51Energy

Total return — OKE vs TRGP

growth of $100 · last 16y

OKE +270.2%TRGP +970.9%TRGP compounded faster

OKE TRGP

OKE vs TRGP: by the numbers

•TRGP is the larger company ($56.78B vs $54.37B market cap).
•OKE trades at the lower earnings multiple (15.38 vs 26.94 P/E).
•TRGP converts more revenue to profit (12.98% vs 10.04% net margin).
•OKE grew revenue faster over the past five years (29.16% vs 10.04% CAGR).
•OKE pays the higher dividend yield (4.87% vs 1.61%).

Which is better, OKE or TRGP?

Metric tally: OKE 10 · TRGP 7

It depends on what you're optimizing for:

ValueOKE(lower P/E)

GrowthOKE(faster 5Y revenue CAGR)

IncomeOKE(higher dividend yield)

QualityTRGP(higher ROIC)

Metrics side by side

Valuation

Metric	OKE	TRGP
P/E ratio	15.38●	26.94
Forward P/E	13.90●	21.54
P/S ratio	1.55●	3.47
P/B ratio	2.44●	18.13
PEG ratio	2.93	0.45●
EV / EBITDA	11.21●	15.26
FCF yield	4.11%●	0.46%

Profitability

Metric	OKE	TRGP
Gross margin	23.95%	29.88%●
Operating margin	20.26%	21.11%●
Net margin	10.04%	12.98%●
ROE	15.80%	67.76%●
ROIC	8.62%	12.07%●

Dividends

Metric	OKE	TRGP
Dividend yield	4.87%●	1.61%
Payout ratio	77.35%	49.77%

Growth (annualized)

Metric	OKE	TRGP
Revenue CAGR (5Y)	29.16%●	10.04%
EPS CAGR (5Y)	30.77%●	22.85%
FCF CAGR (5Y)	30.73%●	-27.03%
Total return CAGR (5Y)	15.48%	45.22%●

Frequently asked

Which is better, OKE or TRGP?: It depends on your goal. value: OKE (lower P/E); growth: OKE (faster 5Y revenue CAGR); income: OKE (higher dividend yield); quality: TRGP (higher ROIC). Across all compared metrics, OKE leads 10 to 7.
Is OKE or TRGP cheaper?: On trailing earnings, OKE is cheaper: OKE trades at a 15.38 P/E and TRGP at 26.94.
Which has grown faster, OKE or TRGP?: Over the past five years, OKE grew revenue faster — OKE at a 29.16% CAGR versus TRGP at 10.04%.
Does OKE or TRGP pay a bigger dividend?: OKE yields 4.87% and TRGP yields 1.61% based on trailing dividends and the latest price.
Is OKE or TRGP more profitable?: TRGP runs the higher net margin — OKE at 10.04% versus TRGP at 12.98%.
Which has been the better investment, OKE or TRGP?: Over the past 10-year, TRGP delivered the higher annualized total return — OKE at 13.10% versus TRGP at 25.65%. Past performance doesn't predict future results.

Go deeper

Full OKE analysis Full TRGP analysis Interactive comparison tool

Dig into the metrics

ONEOK P/E ratio Targa Resources P/E ratio ONEOK dividend yield Targa Resources dividend yield ONEOK ROE Targa Resources ROE ONEOK operating margin Targa Resources operating margin ONEOK revenue growth Targa Resources revenue growth ONEOK free cash flow Targa Resources free cash flow

ONEOK & Targa Resources 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 22, 2026.