ENB vs DUK vs OKE Stock Comparison

Enbridge, Duke Energy and Oneok Prices as of Oct 23, 2026 Peers: Industry group
ENB Enbridge Inc
$48.13 +0.6% 1M +2.0% 1Y
Market cap
$105.44B
P/E
25.6x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
2 wins
DUK Duke Energy CORP
$124.97 +9.4% 1M -1.8% 1Y
Market cap
$96.91B
P/E
19.1x
Revenue (TTM)
$33.17B
Div. yield
0.03%
Regulated Electric Utilities Utilities
3 wins
OKE Oneok Inc /New/
$95.84 +5.8% 1M +37.4% 1Y
Market cap
$60.71B
P/E
16.6x
Revenue (TTM)
$39.37B
Div. yield
–
Oil and Gas Pipelines Energy
7 wins

Head to Head

12 decided of 12

Oneok leads on 7 of the 12 questions below (Oneok 7, Duke Energy 3, Enbridge 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENBDUKOKELeader
Larger companyMarket capitalisation $105.44B $96.91B $60.71B ENB
Cheaper on earningsLower P/E, profitable companies only 25.6x 19.1x 16.6x OKE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.2x 19.1x 15.7x OKE
Faster revenue growthRevenue growth, trailing twelve months +31.0% +7.2% +40.8% OKE
More profitableNet margin, trailing twelve months 6.8% 15.3% 9.3% DUK
Better return on capitalReturn on invested capital 5.0% 5.4% 8.4% OKE
Less leveragedLower net debt / EBITDA 6.4x 5.2x 4.3x OKE
Higher dividend yieldTrailing dividend yield 0.06% 0.03% 0.00% ENB
Better 1-year returnPrice return, last 12 months +2.0% -1.8% +37.4% OKE
Better 5-year returnAnnualised price return, 5 years +2.4%/yr +3.8%/yr +8.1%/yr OKE
Less volatileAnnualised volatility, 1 year 18.6% 16.6% 27.9% DUK
Higher overall scoreMean of the five percentile scores vs peers 31/100 56/100 54/100 DUK

Percentile Scorecard

ENBDUKOKE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisENBDUKOKE
Valuation 24 #27 of 35 70 #21 of 67 47 #19 of 35
Growth 39 #21 of 34 75 #17 of 65 88 #5 of 34
Profitability 24 #26 of 34 80 #14 of 65 42 #20 of 34
Financial Health 21 #28 of 35 35 #43 of 66 35 #23 of 35
Shareholder Returns 47 #17 of 31 23 #52 of 67 57 #14 of 31
Overall 31 56 54
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • DUK ranked among 67 companies in Regulated Utilities
  • OKE ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodENBDUKOKESPY
1 month +0.6%+9.4%+5.8% -1.0%
3 months -15.3%-4.3%+2.9% +2.9%
6 months -9.7%-1.8%+9.5% +6.4%
Year to date +0.6%+6.6%+30.4% +11.4%
1 year +2.0%-1.8%+37.4% +13.1%
3 years +49.8%+42.4%+43.9% +79.4%
3 years, per year +14.4%+12.5%+12.9% +21.5%
5 years +12.5%+20.4%+47.9% +67.7%
5 years, per year +2.4%+3.8%+8.1% +10.9%
10 years +9.2%+60.2%+89.3% +255.2%
10 years, per year +0.9%+4.8%+6.6% +13.5%

Risk

MeasureENBDUKOKESPY
Volatility, 1Y 18.6%16.6%27.9% 12.7%
Downside volatility, 1Y 19.5%17.0%29.3% 12.7%
Beta vs S&P 500, 1Y -0.16-0.31-0.59 1.00
Return / volatility, 1Y 0.11-0.111.34 1.03
Max drawdown, 5Y -34.0%-26.0%-45.1% -25.4%
From 52-week high -17.1%-6.4%-1.7% -2.5%
52-week high $58.04$133.46$97.51 $779.14
52-week low $45.23$113.24$64.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleENBDUKOKE
P/E now vs peer median 25.5xmedian 21.3x 19.1xmedian 20.8x 16.5xmedian 21.3x
P/S now vs peer median 1.7xmedian 2.7x 2.9xmedian 2.8x 1.5xmedian 2.7x
EV/EBITDA now vs peer median 15.0xmedian 11.0x 11.0xmedian 13.1x 12.2xmedian 11.0x
P/FCF now vs peer median 87.1xmedian 16.4x -29.5xmedian 36.7x 20.8xmedian 16.4x
P/B now vs peer median 2.2xmedian 2.6x 1.7xmedian 1.7x 2.6xmedian 2.6x
PEG now vs peer median 2.50median 1.93 0.68median 2.27 7.51median 1.93

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsENBDUKOKE
Revenue $60.45B $33.17B $39.37B
Gross profit $22.34B $24.71B $10.71B
Operating income $8.06B $9.01B $6.11B
Net income $4.58B $5.24B $3.66B
Free cash flow $1.21B -$3.30B $2.91B
EPS (diluted) $1.88 $6.53 $5.78
Cash & equivalents $1.42B $2.14B $161.00M
Total debt $78.92B $352.76B $33.02B
Shares (diluted) 2.19B 779.00M 632.00M
Enterprise value $101.04B $93.49B $59.10B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricENBDUKOKE
P/E 25.5x 19.1x 16.5x
P/FCF 87.1x -29.5x 20.8x
P/Operating cash flow 11.7x 8.3x 9.8x
P/S 1.7x 2.9x 1.5x
P/B 2.2x 1.7x 2.6x
P/Tangible book 2.3x 1.7x 3.0x
EV/EBITDA 15.0x 11.0x 12.2x
EV/EBIT 22.7x 20.6x 15.3x
EV/Revenue 3.0x 5.6x 2.4x
EV/FCF 151.3x -56.2x 32.1x
EV/Operating cash flow 20.3x 15.9x 15.1x
PEG (3Y EPS CAGR) 2.50 0.68 7.51

Growth

14 metrics
MetricENBDUKOKE
Revenue growth (1Y) 31.0% 7.2% 40.8%
Revenue CAGR (3Y) 19.5% 4.5% 27.0%
Gross profit growth (1Y) 8.0% 12.9% 13.8%
Gross profit CAGR (3Y) 5.1% 8.0% 31.6%
Operating income growth (1Y) 6.2% 8.5% 14.3%
Operating income CAGR (3Y) 19.8% 12.2% 18.3%
Net income growth (1Y) -6.9% 7.7% 13.1%
Net income CAGR (3Y) 13.7% 29.1% 14.6%
EPS growth (1Y) -7.5% 8.6% 17.5%
EPS CAGR (3Y) 10.2% 28.1% 2.2%
Operating cash flow growth (1Y) -2.9% -3.0% 16.4%
Operating cash flow CAGR (3Y) -2.6% 27.6% 19.1%
Free cash flow growth (1Y) -67.2% -1,646% 0.8%
Free cash flow CAGR (3Y) -42.0% 19.6% 6.4%

Profitability

14 metrics
MetricENBDUKOKE
Gross margin 36.9% 74.5% 27.2%
EBITDA margin 20.2% 51.0% 19.4%
Operating margin 13.3% 27.2% 15.5%
Pretax margin 9.6% 18.1% 12.1%
Net margin 6.8% 15.3% 9.3%
FCF margin 2.0% -9.9% 7.4%
Operating cash flow margin 14.9% 35.2% 15.6%
Return on equity 9.5% 9.6% 16.1%
Return on assets 2.8% 2.7% 5.4%
Return on invested capital 5.0% 5.4% 8.4%
Return on capital employed 5.5% 5.1% 10.0%
Asset turnover 0.4x 0.2x 0.6x
Cash conversion (OCF / net income) 2.0x 2.2x 1.7x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricENBDUKOKE
Debt / assets 48.4% 45.6% 48.2%
Debt / equity 1.6x 1.6x 1.4x
Net debt / EBITDA 6.4x 5.2x 4.3x
Debt / FCF 65.4x -27.4x 11.4x
Liabilities / assets 70.6% 71.5% 66.4%
Equity / assets 29.4% 28.5% 33.6%
Interest coverage 2.2x 2.4x 3.4x
Current ratio 0.7x 0.7x 0.7x
Quick ratio 0.5x 0.3x 0.5x
Cash ratio 0.1x 0.1x 0.0x
Altman Z-score 0.92 0.73 1.69

Shareholder Returns

7 metrics
MetricENBDUKOKE
Dividend yield 8.0% 3.4% 4.4%
Net buyback yield 0.0% – –
Shareholder yield 8.0% 3.4% 4.4%
Payout ratio (earnings) 132.1% 63.7% –
Payout ratio (FCF) 500.8% -101.3% –
Dividend growth (1Y) 4.2% 4.1% –
Dividend CAGR (3Y) 4.6% 1.5% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusENBDUKOKE
Forward P/E 24.2xFY2026 19.1xFY2026 15.7xFY2026
EPS, next fiscal year $1.99FY2026 $6.56FY2026 $6.12FY2026
EPS growth, next FY -9.5%FY2026 +4.0%FY2026 +12.9%FY2026
EPS growth, the year after +15.1% +15.4% +4.2%
Revenue, next fiscal year $61.02BFY2026 $32.40BFY2026 $45.02BFY2026
Revenue growth, next FY +28.6%FY2026 +0.5%FY2026 +33.9%FY2026
Revenue growth, the year after -14.7% +4.1% -1.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBDUKOKE
Held by institutions 48.7% 69.7% 81.3%
Institutions holding 1,501 2,457 1,655
Change in shares held, QoQ +2.0% +0.5% +2.7%
Institutions buying 660 1,297 822
Institutions selling 503 801 527
Buyers to sellers 1.31 1.62 1.56

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ENBDUKOKE
ENB 1.00 0.48 0.48
DUK 0.48 1.00 0.26
OKE 0.48 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENB, DUK and OKE?

Enbridge (ENB) is the largest by market capitalisation: Enbridge (ENB) $105.44B, Duke Energy (DUK) $96.91B, Oneok (OKE) $60.71B.

Which stock is cheaper, ENB, DUK and OKE?

Oneok (OKE) trades on the lowest price-to-earnings ratio (Enbridge (ENB) 25.6x, Duke Energy (DUK) 19.1x, Oneok (OKE) 16.6x). On next year's consensus earnings, Oneok (OKE) is cheapest (Enbridge (ENB) 24.2x, Duke Energy (DUK) 19.1x, Oneok (OKE) 15.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Oneok (OKE) grew revenue fastest over the trailing twelve months: Enbridge (ENB) +31.0%, Duke Energy (DUK) +7.2%, Oneok (OKE) +40.8%.

Which company is more profitable?

Duke Energy (DUK) has the highest net margin (Enbridge (ENB) 6.8%, Duke Energy (DUK) 15.3%, Oneok (OKE) 9.3%). On return on invested capital, Oneok (OKE) leads (Enbridge (ENB) 5.0%, Duke Energy (DUK) 5.4%, Oneok (OKE) 8.4%).

Which stock has performed better?

Over the past year Oneok (OKE) returned the most: Enbridge (ENB) +2.0%, Duke Energy (DUK) -1.8%, Oneok (OKE) +37.4%. Over five years, Oneok (OKE) compounded fastest (Enbridge (ENB) +2.4%/yr, Duke Energy (DUK) +3.8%/yr, Oneok (OKE) +8.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enbridge (ENB) has the highest dividend yield: Enbridge (ENB) 0.06%, Duke Energy (DUK) 0.03%, Oneok (OKE) 0.00%. Oneok (OKE) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Duke Energy (DUK) has been the steadiest (Enbridge (ENB) 18.6%, Duke Energy (DUK) 16.6%, Oneok (OKE) 27.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ENB, DUK and OKE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Oneok (OKE) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.