Oneok (OKE) Return on Capital Employed (2009 - 2026)
Oneok (OKE) posted quarterly Return on Capital Employed of 9.98% for Q1 2026, up 111.0% year-over-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.
- In Q1 2026, Return on Capital Employed rose 111.0% year-over-year to 9.98%; the TTM figure through Mar 2026 stood at 9.98% (up 111.0% YoY), while the FY2025 annual figure was 9.73%, down 36.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 9.98%, up from 9.53% in the prior quarter.
- The five-year high for Return on Capital Employed was 16.38% in Q1 2023, with the low 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%.
- The sharpest annual moves came in 2023 and 2024: Return on Capital Employed surged 362 bps in 2023, then sank 731 bps in 2024.
- Oneok's Return on Capital Employed stood at 13.14% in 2022, then declined by 24 bps to 10.02% in 2023, then fell by 6 bps to 9.44% in 2024, then gained by 1 bps to 9.53% in 2025, then increased by 5 bps to 9.98% in 2026.
- Business Quant data shows OKE's Return on Capital Employed at 9.98% in Q1 2026, 9.53% in Q4 2025, and 9.65% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 7.68% |
| 2 | Enbridge | 111.03 Bn | 109.54 Bn | 5.23 Bn | 5.40% |
| 3 | Enterprise Products Partners | 83.34 Bn | 82.44 Bn | - | 12.27% |
| 4 | Energy Transfer | 72.41 Bn | 71.38 Bn | 7.40 Bn | 8.43% |
| 5 | Tc Energy | 65.97 Bn | 58.41 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.11 Bn | 59.94 Bn | 2.81 Bn | 9.99% |
| 7 | Mplx | 60.04 Bn | 59.01 Bn | 2.73 Bn | 14.79% |
| 8 | Targa Resources | 59.42 Bn | 59.29 Bn | 2.14 Bn | 15.72% |
| 9 | Cheniere Energy | 56.10 Bn | 54.85 Bn | 5.29 Bn | 15.05% |
| 10 | Venture Global | 34.30 Bn | 31.08 Bn | 2.92 Bn | 11.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.99% |
| 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% |