Oneok (OKE) Return on Capital Employed (2009 - 2026)

Oneok's (OKE) quarterly Return on Capital Employed came in at 9.98% in Q1 2026, up 111.0% year-on-year from 4.73% in Q1 2025, and up 4.76% quarter-over-quarter from 9.53% in Q4 2025.

Oneok (OKE) Return on Capital Employed (2009 - 2026) Analysis & Trends

Oneok's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 9.98% for Q1 2026.

  • On a quarterly basis, Return on Capital Employed rose 111.0% year-over-year to 9.98% in Q1 2026; TTM through Mar 2026 was 9.98%, a 111.0% increase from a year earlier, with the FY2025 full-year figure at 9.73%, down 36.0% from the prior year.
  • Return on Capital Employed climbed to 9.98% in Q1 2026 per OKE's latest filing, from 9.53% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 16.38% in Q1 2023 and bottomed at 8.87% in Q1 2025.
  • The 5-year median for Return on Capital Employed is 10.2% (2024), against an average of 11.36%.
  • Across the five-year window, Return on Capital Employed surged 362 bps in 2023 and slumped 731 bps in 2024, its largest moves.
  • Year by year, Return on Capital Employed stood at 13.14% in 2022, then fell by 24 bps to 10.02% in 2023, then retreated by 6 bps to 9.44% in 2024, then advanced by 1 bps to 9.53% in 2025, then rose by 5 bps to 9.98% in 2026.
  • Per Business Quant, the three latest OKE Return on Capital Employed figures stand at 9.98% (Q1 2026), 9.53% (Q4 2025), and 9.65% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 22.21%
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 14.37%
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 7.68%
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 5.26%
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 11.93%
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn -
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 7.59%
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 15.97%
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 9.98%
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn 14.56%

Historic Data

Download Data
DateValue
Mar 31, 2026 9.98%
Dec 31, 2025 9.53%
Sep 30, 2025 9.65%
Jun 30, 2025 9.26%
Mar 31, 2025 8.87%
Dec 31, 2024 9.44%
Sep 30, 2024 10.22%
Jun 30, 2024 10.20%
Mar 31, 2024 9.07%
Dec 31, 2023 10.02%
Sep 30, 2023 12.15%
Jun 30, 2023 16.23%
Mar 31, 2023 16.38%
Dec 31, 2022 13.14%
Sep 30, 2022 13.29%
Jun 30, 2022 12.96%
Mar 31, 2022 12.76%
Dec 31, 2021 12.62%
Sep 30, 2021 11.91%
Jun 30, 2021 11.31%