OKE vs WMB Stock Comparison

Oneok and Williams Companies Prices as of Oct 26, 2026 Peers: Industry group
OKE Oneok Inc /New/
$96.36 +8.7% 1M +40.4% 1Y
Market cap
$60.47B
P/E
16.5x
Revenue (TTM)
$39.37B
Div. yield
–
Oil and Gas Pipelines Energy
5 wins
WMB Williams Companies, Inc.
$71.78 +3.6% 1M +24.9% 1Y
Market cap
$90.68B
P/E
26.8x
Revenue (TTM)
$12.20B
Div. yield
–
Oil and Gas Pipelines Energy
5 wins

Head to Head

10 decided of 12

Williams Companies leads on 5 of the 12 questions below (Williams Companies 5, Oneok 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionOKEWMBLeader
Larger companyMarket capitalisation $60.47B $90.68B WMB
Cheaper on earningsLower P/E, profitable companies only 16.5x 26.8x OKE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.7x 27.9x OKE
Faster revenue growthRevenue growth, trailing twelve months +40.8% +8.7% OKE
More profitableNet margin, trailing twelve months 9.3% 27.7% WMB
Better return on capitalReturn on invested capital 8.4% — –
Less leveragedLower net debt / EBITDA 4.3x 0.9x WMB
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +40.4% +24.9% OKE
Better 5-year returnAnnualised price return, 5 years +8.1%/yr +20.5%/yr WMB
Less volatileAnnualised volatility, 1 year 27.9% 24.9% WMB
Higher overall scoreMean of the five percentile scores vs peers 54/100 39/100 OKE

Percentile Scorecard

OKEWMB

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

AxisOKEWMB
Valuation 47 #19 of 35 3 #34 of 35
Growth 88 #5 of 34 42 #20 of 34
Profitability 42 #20 of 34 76 #9 of 34
Financial Health 35 #23 of 35 56 #16 of 35
Shareholder Returns 57 #14 of 31 20 #25 of 31
Overall 54 39
  • OKE ranked among 35 companies in Oil and Gas Midstream
  • WMB 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

PeriodOKEWMBSPY
1 month +8.7%+3.6% -0.8%
3 months +7.7%+1.4% +3.5%
6 months +9.8%+0.2% +7.0%
Year to date +31.1%+19.4% +12.2%
1 year +40.4%+24.9% +13.0%
3 years +47.2%+110.8% +86.3%
3 years, per year +13.8%+28.2% +23.1%
5 years +47.8%+153.6% +68.6%
5 years, per year +8.1%+20.5% +11.0%
10 years +95.7%+142.8% +258.0%
10 years, per year +6.9%+9.3% +13.6%

Risk

MeasureOKEWMBSPY
Volatility, 1Y 27.9%24.9% 12.7%
Downside volatility, 1Y 29.3%24.8% 12.7%
Beta vs S&P 500, 1Y -0.590.03 1.00
Return / volatility, 1Y 1.451.00 1.02
Max drawdown, 5Y -45.1%-25.2% -25.4%
From 52-week high -1.2%-9.6% -1.8%
52-week high $97.51$79.40 $779.14
52-week low $64.31$56.51 $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.

MultipleOKEWMB
P/E now vs peer median 16.6xmedian 21.0x 26.0xmedian 21.0x
P/S now vs peer median 1.5xmedian 2.7x 7.2xmedian 2.7x
EV/EBITDA now vs peer median 12.2xmedian 11.0x 13.5xmedian 11.0x
P/FCF now vs peer median 20.9xmedian 16.6x -813.0xmedian 16.6x
P/B now vs peer median 2.6xmedian 2.6x 6.7xmedian 2.6x
PEG now vs peer median 7.55median 1.92 3.15median 1.92

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 monthsOKEWMB
Revenue $39.37B $12.20B
Gross profit $10.71B $10.12B
Operating income $6.11B $4.66B
Net income $3.66B $3.24B
Free cash flow $2.91B -$108.00M
EPS (diluted) $5.78 $2.76
Cash & equivalents $161.00M $203.00M
Total debt $33.02B $6.64B
Shares (diluted) 632.00M 1.23B
Enterprise value $58.86B $89.39B

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
MetricOKEWMB
P/E 16.6x 26.0x
P/FCF 20.9x -813.0x
P/Operating cash flow 9.9x 14.6x
P/S 1.5x 7.2x
P/B 2.6x 6.7x
P/Tangible book 3.0x 6.7x
EV/EBITDA 12.2x 13.5x
EV/EBIT 15.3x 20.2x
EV/Revenue 2.4x 7.7x
EV/FCF 32.2x -872.5x
EV/Operating cash flow 15.2x 15.7x
PEG (3Y EPS CAGR) 7.55 3.15

Growth

14 metrics
MetricOKEWMB
Revenue growth (1Y) 40.8% 8.7%
Revenue CAGR (3Y) 27.0% 2.0%
Gross profit growth (1Y) 13.8% 12.4%
Gross profit CAGR (3Y) 31.6% 5.1%
Operating income growth (1Y) 14.3% 27.0%
Operating income CAGR (3Y) 18.3% 4.2%
Net income growth (1Y) 13.1% 26.2%
Net income CAGR (3Y) 14.6% 5.4%
EPS growth (1Y) 17.5% 39.2%
EPS CAGR (3Y) 2.2% 8.2%
Operating cash flow growth (1Y) 16.4% 12.2%
Operating cash flow CAGR (3Y) 19.1% 2.3%
Free cash flow growth (1Y) 0.8% -105.7%
Free cash flow CAGR (3Y) 6.4% -26.8%

Profitability

14 metrics
MetricOKEWMB
Gross margin 27.2% 82.9%
EBITDA margin 19.4% 57.3%
Operating margin 15.5% 38.2%
Pretax margin 12.1% 34.7%
Net margin 9.3% 27.7%
FCF margin 7.4% -0.9%
Operating cash flow margin 15.6% 49.1%
Return on equity 16.1% 24.7%
Return on assets 5.4% 5.8%
Return on invested capital 8.4% –
Return on capital employed 10.0% 8.7%
Asset turnover 0.6x 0.2x
Cash conversion (OCF / net income) 1.7x 1.8x
Stock comp / revenue – –

Financial Health

11 metrics
MetricOKEWMB
Debt / assets 48.2% 11.0%
Debt / equity 1.4x 0.5x
Net debt / EBITDA 4.3x 0.9x
Debt / FCF 11.4x -61.5x
Liabilities / assets 66.4% 78.2%
Equity / assets 33.6% 21.8%
Interest coverage 3.4x 3.1x
Current ratio 0.7x 0.5x
Quick ratio 0.5x 0.3x
Cash ratio 0.0x 0.0x
Altman Z-score 1.69 1.22

Shareholder Returns

7 metrics
MetricOKEWMB
Dividend yield 4.4% 2.9%
Net buyback yield – –
Shareholder yield 4.4% 2.9%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

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.

ConsensusOKEWMB
Forward P/E 15.7xFY2026 27.9xFY2026
EPS, next fiscal year $6.15FY2026 $2.57FY2026
EPS growth, next FY +13.5%FY2026 +22.4%FY2026
EPS growth, the year after +3.7% -2.7%
Revenue, next fiscal year $45.02BFY2026 $12.71BFY2026
Revenue growth, next FY +33.9%FY2026 +6.4%FY2026
Revenue growth, the year after -1.7% +9.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersOKEWMB
Held by institutions 81.3% 89.4%
Institutions holding 1,655 1,832
Change in shares held, QoQ +2.7% +4.2%
Institutions buying 822 886
Institutions selling 527 657
Buyers to sellers 1.56 1.35

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.

OKEWMB
OKE 1.00 0.60
WMB 0.60 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, OKE and WMB?

Williams Companies (WMB) is the largest by market capitalisation: Oneok (OKE) $60.47B, Williams Companies (WMB) $90.68B.

Which stock is cheaper, OKE and WMB?

Oneok (OKE) trades on the lowest price-to-earnings ratio (Oneok (OKE) 16.5x, Williams Companies (WMB) 26.8x). On next year's consensus earnings, Oneok (OKE) is cheapest (Oneok (OKE) 15.7x, Williams Companies (WMB) 27.9x). 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: Oneok (OKE) +40.8%, Williams Companies (WMB) +8.7%.

Which company is more profitable?

Williams Companies (WMB) has the highest net margin (Oneok (OKE) 9.3%, Williams Companies (WMB) 27.7%).

Which stock has performed better?

Over the past year Oneok (OKE) returned the most: Oneok (OKE) +40.4%, Williams Companies (WMB) +24.9%. Over five years, Williams Companies (WMB) compounded fastest (Oneok (OKE) +8.1%/yr, Williams Companies (WMB) +20.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Williams Companies (WMB) has been the steadiest (Oneok (OKE) 27.9%, Williams Companies (WMB) 24.9%). Volatility measures how widely the price swings, not the risk of the business.

Do OKE and WMB move together?

Their daily returns over the past year have a correlation of 0.60, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, OKE and WMB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Williams Companies (WMB) leads on 5. 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.