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ONEOK Valuation Multiples
Discover revenue and EBITDA valuation multiples for ONEOK and similar public comparables like Cheniere Energy, Occidental Petroleum, Targa Resources, Imperial Oil and more.
ONEOK Overview
About ONEOK
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation. It also operates in the refined product and crude oil segment, connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.
Founded
1906
HQ
Employees
6.3K
Website
Financials (LTM)
EV
$87B
ONEOK Financials
ONEOK reported last 12-month revenue of $34B and EBITDA of $8B.
In the same LTM period, ONEOK generated $12B in gross profit, $8B in EBITDA, and $3B in net income.
Revenue (LTM)
ONEOK P&L
In the most recent fiscal year, ONEOK reported revenue of $34B and EBITDA of $8B.
ONEOK expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $34B | XXX | $34B | XXX | XXX | XXX |
| Gross Profit | $12B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 35% | XXX | 26% | XXX | XXX | XXX |
| EBITDA | $8B | XXX | $8B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $33B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ONEOK Stock Performance
ONEOK has current market cap of $54B, and enterprise value of $87B.
Market Cap Evolution
ONEOK's stock price is $86.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $87B | $54B | 0.0% | XXX | XXX | XXX | $5.50 |
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Start Free TrialONEOK Valuation Multiples
ONEOK trades at 2.6x EV/Revenue multiple, and 10.8x EV/EBITDA.
EV / Revenue (LTM)
ONEOK Financial Valuation Multiples
As of March 18, 2026, ONEOK has market cap of $54B and EV of $87B.
Equity research analysts estimate ONEOK's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ONEOK has a P/E ratio of 15.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $54B | XXX | $54B | XXX | XXX | XXX |
| EV (current) | $87B | XXX | $87B | XXX | XXX | XXX |
| EV/Revenue | 2.6x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 10.8x | XXX | 10.8x | XXX | XXX | XXX |
| EV/EBIT | 14.7x | XXX | 14.8x | XXX | XXX | XXX |
| EV/Gross Profit | 7.4x | XXX | 9.9x | XXX | XXX | XXX |
| P/E | 15.6x | XXX | 15.7x | XXX | XXX | XXX |
| EV/FCF | 30.7x | XXX | 32.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ONEOK Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
ONEOK Margins & Growth Rates
ONEOK's revenue in the last 12 month grew by 2%.
ONEOK's revenue per employee in the last FY averaged $5.3M.
ONEOK's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ONEOK's rule of X is 29% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
ONEOK Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 29% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $5.3M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ONEOK Public Comps
See public comps and valuation multiples for other Energy Services and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cheniere Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Occidental Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| Targa Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Imperial Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| Diamondback Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ONEOK M&A Activity
ONEOK acquired XXX companies to date.
Last acquisition by ONEOK was on XXXXXXXX, XXXXX. ONEOK acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ONEOK
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialONEOK Investment Activity
ONEOK invested in XXX companies to date.
ONEOK made its latest investment on XXXXXXXX, XXXXX. ONEOK invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ONEOK
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout ONEOK
| When was ONEOK founded? | ONEOK was founded in 1906. |
| Where is ONEOK headquartered? | ONEOK is headquartered in United States. |
| How many employees does ONEOK have? | As of today, ONEOK has over 6K employees. |
| Who is the CEO of ONEOK? | ONEOK's CEO is Pierce H. Norton. |
| Is ONEOK publicly listed? | Yes, ONEOK is a public company listed on NYSE. |
| What is the stock symbol of ONEOK? | ONEOK trades under OKE ticker. |
| When did ONEOK go public? | ONEOK went public in 1954. |
| Who are competitors of ONEOK? | ONEOK main competitors are Cheniere Energy, Occidental Petroleum, Targa Resources, Imperial Oil. |
| What is the current market cap of ONEOK? | ONEOK's current market cap is $54B. |
| What is the current revenue of ONEOK? | ONEOK's last 12 months revenue is $34B. |
| What is the current revenue growth of ONEOK? | ONEOK revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of ONEOK? | Current revenue multiple of ONEOK is 2.6x. |
| Is ONEOK profitable? | Yes, ONEOK is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ONEOK? | ONEOK's last 12 months EBITDA is $8B. |
| What is ONEOK's EBITDA margin? | ONEOK's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of ONEOK? | Current EBITDA multiple of ONEOK is 10.8x. |
| What is the current FCF of ONEOK? | ONEOK's last 12 months FCF is $3B. |
| What is ONEOK's FCF margin? | ONEOK's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of ONEOK? | Current FCF multiple of ONEOK is 30.7x. |
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