Is OKE or VLO cheaper?

On trailing earnings, OKE is cheaper: OKE trades at a 16.15 P/E and VLO at 18.79.

Which has grown faster, OKE or VLO?

Over the past five years, OKE grew revenue faster — OKE at a 29.16% CAGR versus VLO at 14.68%.

Does OKE or VLO pay a bigger dividend?

OKE yields 4.64% and VLO yields 1.80% based on trailing dividends and the latest price.

Is OKE or VLO more profitable?

OKE runs the higher net margin — OKE at 10.04% versus VLO at 3.33%.

Which has been the better investment, OKE or VLO?

Over the past 10-year, VLO delivered the higher annualized total return — OKE at 13.94% versus VLO at 21.79%. Past performance doesn't predict future results.

ONEOK, Inc. (OKE) vs Valero Energy Corporation (VLO)

OKE leads on 10 of 17 compared metrics.

A side-by-side comparison of ONEOK, Inc. and Valero Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Valero Energy Corporation

$76.81B

$258.67Energy

Total return — OKE vs VLO

growth of $100 · last 30y

OKE +1565.3%VLO +6148.1%VLO compounded faster

OKE VLO

OKE vs VLO: by the numbers

•VLO is the larger company ($76.81B vs $57.07B market cap).
•OKE trades at the lower earnings multiple (16.15 vs 18.79 P/E).
•OKE converts more revenue to profit (10.04% vs 3.33% net margin).
•OKE grew revenue faster over the past five years (29.16% vs 14.68% CAGR).
•OKE pays the higher dividend yield (4.64% vs 1.80%).

Which is better, OKE or VLO?

Metric tally: OKE 10 · VLO 7

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	OKE	VLO
P/E ratio	16.15●	18.79
Forward P/E	14.62	12.45●
P/S ratio	1.63	0.61●
P/B ratio	2.56●	3.23
PEG ratio	2.95●	4.28
EV / EBITDA	11.55	9.10●
FCF yield	3.92%	7.69%●

Profitability

Metric	OKE	VLO
Gross margin	23.95%●	7.24%
Operating margin	20.26%●	4.61%
Net margin	10.04%●	3.33%
ROE	15.80%	17.62%●
ROIC	8.62%●	7.12%

Dividends

Metric	OKE	VLO
Dividend yield	4.64%●	1.80%
Payout ratio	77.35%	61.56%

Growth (annualized)

Metric	OKE	VLO
Revenue CAGR (5Y)	29.16%●	14.68%
EPS CAGR (5Y)	30.77%●	4.39%
FCF CAGR (5Y)	30.73%	67.44%●
Total return CAGR (5Y)	16.77%	30.36%●

Frequently asked

Which is better, OKE or VLO?: 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 10 to 7.
Is OKE or VLO cheaper?: On trailing earnings, OKE is cheaper: OKE trades at a 16.15 P/E and VLO at 18.79.
Which has grown faster, OKE or VLO?: Over the past five years, OKE grew revenue faster — OKE at a 29.16% CAGR versus VLO at 14.68%.
Does OKE or VLO pay a bigger dividend?: OKE yields 4.64% and VLO yields 1.80% based on trailing dividends and the latest price.
Is OKE or VLO more profitable?: OKE runs the higher net margin — OKE at 10.04% versus VLO at 3.33%.
Which has been the better investment, OKE or VLO?: Over the past 10-year, VLO delivered the higher annualized total return — OKE at 13.94% versus VLO at 21.79%. Past performance doesn't predict future results.

Go deeper

Full OKE analysis Full VLO analysis Interactive comparison tool

Dig into the metrics

ONEOK P/E ratio Valero Energy P/E ratio ONEOK dividend yield Valero Energy dividend yield ONEOK ROE Valero Energy ROE ONEOK operating margin Valero Energy operating margin ONEOK revenue growth Valero Energy revenue growth ONEOK free cash flow Valero Energy free cash flow

ONEOK & Valero Energy 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 13, 2026.