ONEOK, Inc. (OKE) vs TC Energy Corporation (TRP)
A side-by-side comparison of ONEOK, Inc. and TC Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 28, 2026. Differences are shown without an overall score or investment verdict.
OKE
ONEOK, Inc.
$94.76EnergyDelayed quote: Aug 28, 2026, 4:00 PM EDT
TRP
TC Energy Corporation
$61.86EnergyDelayed quote: Aug 28, 2026, 4:00 PM EDT
Total return — OKE vs TRP
growth of $100 · dividends reinvested · last 10yOKE +248.7% (+13.3%/yr)TRP +164.4% (+10.2%/yr)OKE compounded faster over this window
OKE TRP
OKE vs TRP: by the numbers
- •TRP is the larger company ($64.40B vs $59.71B market cap).
- •OKE trades at the lower trailing earnings multiple (16.33 vs 25.90 P/E), one valuation lens rather than an overall verdict.
- •TRP converts more revenue to profit (22.46% vs 9.29% net margin).
- •OKE grew revenue faster over the past five years (27.55% vs 2.32% CAGR).
- •OKE pays the higher dividend yield (4.48% vs 3.99%).
Metrics side by side
Valuation
| Metric | OKE | TRP |
|---|---|---|
| P/E ratio | 16.33 | 25.90 |
| Forward P/E | 16.43 | 16.15 |
| P/S ratio | 1.52 | 5.63 |
| P/B ratio | 2.61 | 3.31 |
| EV / EBITDA | 10.53 | 14.68 |
| FCF yield | 4.85% | 4.02% |
Profitability
| Metric | OKE | TRP |
|---|---|---|
| Gross margin | 21.83% | 51.47% |
| Operating margin | 18.48% | 46.09% |
| Net margin | 9.29% | 22.46% |
| ROE | 15.95% | 13.19% |
| ROIC | 8.77% | 5.18% |
Dividends
| Metric | OKE | TRP |
|---|---|---|
| Dividend yield | 4.48% | 3.99% |
| Payout ratio | 78.08% | 104.06% |
Growth (annualized)
| Metric | OKE | TRP |
|---|---|---|
| Revenue CAGR (5Y) | 27.55% | 2.32% |
| EPS CAGR (5Y) | 30.77% | -8.54% |
| FCF CAGR (5Y) | 18.10% | 69.19% |
| Total return CAGR (5Y) | 18.22% | 14.41% |
Frequently asked
- Which has the lower trailing P/E, OKE or TRP?
- OKE has the lower trailing P/E: OKE trades at 16.33 and TRP at 25.90. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, OKE or TRP?
- Over the past five years, OKE grew revenue faster — OKE at a 27.55% CAGR versus TRP at 2.32%.
- Does OKE or TRP pay a bigger dividend?
- OKE yields 4.48% and TRP yields 3.99% based on trailing dividends and the latest price.
- Is OKE or TRP more profitable?
- TRP runs the higher net margin — OKE at 9.29% versus TRP at 22.46%.
- How have OKE and TRP total returns compared?
- Over the past 10 years, OKE delivered 13.99% and TRP delivered 10.26% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ONEOK P/E ratioTC Energy P/E ratioONEOK dividend yieldTC Energy dividend yieldONEOK ROETC Energy ROEONEOK operating marginTC Energy operating marginONEOK revenue growthTC Energy revenue growthONEOK free cash flowTC Energy free cash flow
ONEOK & TC Energy appear in these rankings
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 28, 2026.