OKE and 9 peers, year by year
The 9 Energy companies closest to OKE in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| OKE Oneok | FY2025 | $33.6B | +55.0% | - | 17.1% | 10.1% | 7.3% | 15.1% | 1.46 |
| SLB Schlumberger | FY2025 | $35.7B | −1.6% | - | - | 9.4% | 13.4% | 12.9% | 0.37 |
| EOG EOG Resources | FY2025 | $22.6B | −4.5% | - | 28.2% | 22.0% | - | 16.7% | 0.27 |
| BKR Baker Hughes | FY2025 | $27.7B | −0.3% | - | - | 9.3% | 9.1% | 13.7% | 0.32 |
| OXY Occidental Petroleum | FY2025 | $21.6B | −5.0% | - | - | 7.5% | 19.0% | 4.5% | 0.59 |
| HAL Halliburton | FY2025 | $22.2B | −3.3% | - | 10.2% | 5.8% | 7.5% | 12.3% | 0.68 |
| DVN Devon Energy | FY2025 | $17.2B | +5.4% | - | - | 15.4% | 18.1% | 17.0% | 0.54 |
| COP ConocoPhillips | FY2025 | $58.9B | +4.9% | - | - | 13.6% | - | 12.4% | 0.36 |
| FANG Diamondback Energy | FY2025 | $15.0B | +35.8% | - | 8.4% | 11.1% | - | 4.5% | 0.37 |
| KMI Kinder Morgan | FY2025 | $16.9B | +12.7% | - | 27.9% | 18.0% | 17.1% | 9.8% | 1.03 |
Revenue, FY2016 to FY2025
Revenue as reported in the 10-K.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | $8.9B | $12.2B | $12.6B | $10.2B | $8.5B | $16.5B | $22.4B | $17.7B | $21.7B | $33.6B |
| SLB Dec | $27.8B | $30.4B | $32.8B | $32.9B | $23.6B | $22.9B | $28.1B | $33.1B | $36.3B | $35.7B |
| EOG Dec | $7.7B | $11.2B | $17.3B | $17.4B | $11.0B | $18.6B | $25.7B | $24.2B | $23.7B | $22.6B |
| BKR Dec | $13.3B | $17.3B | $22.9B | $23.8B | $20.7B | $20.5B | $21.2B | $25.5B | $27.8B | $27.7B |
| OXY Dec | $10.1B | $12.5B | $17.8B | $20.9B | $17.8B | $26.0B | $36.6B | $23.2B | $22.7B | $21.6B |
| HAL Dec | $15.9B | $20.6B | $24.0B | $22.4B | $14.4B | $15.3B | $20.3B | $23.0B | $22.9B | $22.2B |
| DVN Dec | $10.3B | $6.5B | $8.9B | $6.7B | $4.8B | $13.8B | $19.8B | $15.3B | - | $17.2B |
| COP Dec | $24.4B | $32.6B | $38.7B | $36.7B | $18.8B | $45.8B | $78.5B | $56.1B | $54.7B | $58.9B |
| FANG Dec | $527.1M | $1.2B | $2.2B | $4.0B | $2.8B | $6.8B | $9.6B | $8.4B | $11.1B | $15.0B |
| KMI Dec | $13.1B | $13.7B | $14.1B | $13.2B | $11.7B | $16.6B | $19.2B | $15.3B | $15.1B | $16.9B |
| Peer median | $13.1B | $13.7B | $17.8B | $20.9B | $14.4B | $18.6B | $21.2B | $23.2B | $23.3B | $22.2B |
Sales growth, FY2016 to FY2025
Revenue against the fiscal year before.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | +14.9% | +36.5% | +3.4% | −19.3% | −16.0% | +93.6% | +35.4% | −21.0% | +22.7% | +55.0% |
| SLB Dec | −21.6% | +9.5% | +7.8% | +0.3% | −28.3% | −2.8% | +22.5% | +18.0% | +9.5% | −1.6% |
| EOG Dec | −12.6% | +46.5% | +54.1% | +0.6% | −36.5% | +69.0% | +37.9% | −5.9% | −2.0% | −4.5% |
| BKR Dec | −20.5% | +31.3% | +33.2% | +4.2% | −13.1% | −1.0% | +3.2% | +20.6% | +9.1% | −0.3% |
| OXY Dec | −19.2% | +24.0% | +42.5% | +17.3% | −10.7% | +51.5% | +39.6% | −21.8% | −2.2% | −5.0% |
| HAL Dec | −32.8% | +29.8% | +16.4% | −6.6% | −35.5% | +5.9% | +32.7% | +13.4% | −0.3% | −3.3% |
| DVN Dec | −21.6% | +28.8% | +23.9% | −20.9% | −30.0% | +194% | +44.2% | −23.6% | - | +5.4% |
| COP Dec | −21.3% | +22.8% | +25.1% | −10.6% | −42.3% | +153% | +76.5% | −20.5% | +1.8% | +4.9% |
| FANG Dec | +18.0% | +129% | +80.6% | +82.5% | −29.1% | +145% | +41.9% | −12.8% | +31.6% | +35.8% |
| KMI Dec | −9.3% | +5.0% | +3.2% | −9.3% | −16.4% | +60.0% | +12.2% | −24.7% | −1.2% | +12.7% |
| Peer median | −20.5% | +28.8% | +25.1% | +0.3% | −29.1% | +60.0% | +37.9% | −12.8% | +0.8% | −0.3% |
Gross margin, FY2016 to FY2025
Gross profit / revenue.Operating margin, FY2016 to FY2025
Operating income / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | 14.5% | 11.4% | 14.6% | 18.8% | 15.9% | 15.7% | 12.5% | 23.0% | 23.0% | 17.1% |
| SLB Dec | 11.8% | 12.9% | 12.8% | 12.1% | 10.2% | 14.7% | 17.8% | 19.7% | - | - |
| EOG Dec | −16.0% | 8.3% | 25.9% | 21.3% | −4.9% | 32.7% | 38.8% | 39.7% | 34.1% | 28.2% |
| BKR Dec | 3.4% | −1.6% | 3.1% | 4.5% | −77.2% | 6.4% | 5.6% | 9.1% | 11.1% | - |
| OXY Dec | - | - | - | - | - | - | - | - | - | - |
| HAL Dec | −42.6% | 6.7% | 10.3% | −2.0% | −16.9% | 11.8% | 13.3% | 17.7% | 16.7% | 10.2% |
| DVN Dec | −28.1% | - | - | - | - | - | - | - | - | - |
| COP Dec | - | - | - | - | - | - | - | - | - | - |
| FANG Dec | −13.0% | 50.2% | 46.5% | 17.5% | −194.7% | 58.9% | 67.5% | 54.3% | 39.7% | 8.4% |
| KMI Dec | 27.1% | 25.7% | 26.8% | 36.9% | 13.3% | 17.6% | 21.2% | 27.8% | 29.0% | 27.9% |
| Peer median | −13.0% | 10.6% | 19.3% | 14.8% | −10.9% | 16.1% | 19.5% | 23.7% | 29.0% | 19.0% |
Net margin, FY2016 to FY2025
Net income / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | 3.9% | 3.2% | 9.1% | 12.6% | 7.2% | 9.1% | 7.7% | 15.0% | 14.0% | 10.1% |
| SLB Dec | −6.1% | −4.9% | 6.5% | −30.8% | −44.6% | 8.2% | 12.2% | 12.7% | 12.3% | 9.4% |
| EOG Dec | −14.3% | 23.0% | 19.8% | 15.7% | −5.5% | 25.0% | 30.2% | 31.4% | 27.0% | 22.0% |
| BKR Dec | 0.0% | −0.6% | 0.9% | 0.5% | −48.0% | −1.1% | −2.8% | 7.6% | 10.7% | 9.3% |
| OXY Dec | −5.7% | 10.5% | 23.2% | −4.7% | −83.3% | 8.9% | 36.3% | 20.2% | 10.4% | 7.5% |
| HAL Dec | −36.3% | −2.2% | 6.9% | −5.0% | −20.4% | 9.5% | 7.7% | 11.5% | 10.9% | 5.8% |
| DVN Dec | −10.2% | 13.8% | 34.4% | −5.3% | −55.5% | 20.5% | 30.4% | 24.5% | - | 15.4% |
| COP Dec | −14.8% | −2.6% | 16.2% | 19.6% | −14.4% | 17.6% | 23.8% | 19.5% | 16.9% | 13.6% |
| FANG Dec | −31.3% | 40.0% | 38.9% | 6.1% | −160.6% | 32.1% | 45.5% | 37.4% | 30.2% | 11.1% |
| KMI Dec | 5.4% | 1.3% | 11.4% | 16.6% | 1.0% | 10.7% | 13.3% | 15.6% | 17.3% | 18.0% |
| Peer median | −10.2% | 1.3% | 16.2% | 0.5% | −44.6% | 10.7% | 23.8% | 19.5% | 14.6% | 11.1% |
Free cash flow, FY2016 to FY2025
Cash from operations minus capital spending.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | $728.6M | $803.0M | $45.2M | −$1.9B | −$296.3M | $1.8B | $1.7B | $2.8B | $2.9B | $2.4B |
| SLB Dec | $4.2B | $3.6B | $3.6B | $3.7B | $1.8B | $3.5B | $2.1B | $4.7B | $4.7B | $4.8B |
| EOG Dec | - | - | - | - | - | - | - | - | - | - |
| BKR Dec | −$162.0M | −$1.5B | $767.0M | $886.0M | $330.0M | $1.5B | $899.0M | $1.8B | $2.1B | $2.5B |
| OXY Dec | $667.0M | $1.3B | $2.7B | $1.0B | $1.4B | $7.6B | $12.3B | $6.6B | $5.2B | $4.1B |
| HAL Dec | −$2.5B | $1.1B | $1.1B | $915.0M | $1.2B | $1.1B | $1.2B | $2.1B | $2.4B | $1.7B |
| DVN Dec | $651.0M | $2.9B | $1.5B | $2.0B | $311.0M | $2.9B | $6.0B | $2.7B | - | $3.1B |
| COP Dec | −$466.0M | $2.5B | $6.2B | $4.5B | $87.0M | $11.7B | $18.2B | - | - | - |
| FANG Dec | - | - | - | - | - | - | - | - | - | - |
| KMI Dec | $1.9B | $1.4B | $2.1B | $2.5B | $2.8B | $4.4B | $3.3B | $4.2B | $3.0B | $2.9B |
| Peer median | $651.0M | $1.4B | $2.1B | $2.0B | $1.2B | $3.5B | $3.3B | $3.4B | $3.0B | $3.0B |
FCF margin, FY2016 to FY2025
Free cash flow / revenue.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | 8.2% | 6.6% | 0.4% | −18.7% | −3.5% | 11.2% | 7.6% | 16.0% | 13.2% | 7.3% |
| SLB Dec | 15.1% | 11.7% | 10.8% | 11.3% | 7.7% | 15.3% | 7.5% | 14.2% | 12.9% | 13.4% |
| EOG Dec | - | - | - | - | - | - | - | - | - | - |
| BKR Dec | −1.2% | −8.5% | 3.4% | 3.7% | 1.6% | 7.4% | 4.2% | 7.2% | 7.4% | 9.1% |
| OXY Dec | 6.6% | 10.1% | 15.1% | 4.8% | 8.0% | 29.1% | 33.6% | 28.5% | 22.8% | 19.0% |
| HAL Dec | −15.7% | 5.3% | 4.7% | 4.1% | 8.0% | 7.3% | 6.1% | 9.0% | 10.6% | 7.5% |
| DVN Dec | 6.3% | 44.1% | 17.2% | 30.1% | 6.4% | 21.2% | 30.2% | 17.4% | - | 18.1% |
| COP Dec | −1.9% | 7.6% | 16.0% | 12.2% | 0.5% | 25.5% | 23.1% | - | - | - |
| FANG Dec | - | - | - | - | - | - | - | - | - | - |
| KMI Dec | 14.4% | 10.3% | 15.1% | 18.8% | 24.3% | 26.7% | 17.4% | 27.2% | 19.9% | 17.1% |
| Peer median | 6.3% | 10.1% | 15.1% | 11.3% | 7.7% | 21.2% | 17.4% | 15.8% | 12.9% | 15.2% |
Return on equity, FY2016 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | 186.5% | 7.0% | 17.5% | 20.5% | 10.1% | 24.9% | 26.5% | 16.1% | 17.8% | 15.1% |
| SLB Dec | −4.1% | −4.1% | 5.9% | −42.7% | −87.1% | 12.5% | 19.5% | 20.8% | 21.1% | 12.9% |
| EOG Dec | −7.8% | 15.9% | 17.7% | 12.6% | −3.0% | 21.0% | 31.3% | 27.0% | 21.8% | 16.7% |
| BKR Dec | 0.0% | −0.7% | 1.1% | 0.6% | −77.1% | −1.5% | −4.2% | 12.6% | 17.6% | 13.7% |
| OXY Dec | −2.7% | n/m | 19.4% | −2.9% | −79.9% | 11.4% | 44.2% | 15.5% | 6.9% | 4.5% |
| HAL Dec | −61.2% | −5.6% | 17.4% | −14.1% | −59.2% | 21.7% | 19.8% | 28.1% | 23.8% | 12.3% |
| DVN Dec | −12.8% | 9.7% | 33.4% | −6.1% | −92.9% | 30.4% | 54.0% | 31.0% | - | 17.0% |
| COP Dec | −10.3% | −2.8% | 19.6% | 20.6% | −9.0% | 17.8% | 38.9% | 22.2% | 14.3% | 12.4% |
| FANG Dec | −4.5% | 9.2% | 6.2% | 1.8% | −51.4% | 18.1% | 29.2% | 18.9% | 8.8% | 4.5% |
| KMI Dec | 2.1% | 0.5% | 4.8% | 6.5% | 0.4% | 5.8% | 8.3% | 7.9% | 8.6% | 9.8% |
| Peer median | −4.5% | −0.1% | 17.4% | 0.6% | −59.2% | 17.8% | 29.2% | 20.8% | 16.0% | 12.4% |
Debt / equity, FY2016 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | n/m | 1.65 | 1.43 | 2.04 | 2.35 | 2.26 | 2.09 | 1.32 | 1.88 | 1.46 |
| SLB Dec | 0.48 | 0.40 | 0.40 | 0.62 | 1.33 | 0.89 | 0.60 | 0.54 | 0.52 | 0.37 |
| EOG Dec | 0.50 | 0.39 | 0.31 | 0.24 | 0.29 | 0.23 | 0.20 | 0.14 | 0.16 | 0.27 |
| BKR Dec | 0.02 | 0.58 | 0.41 | 0.30 | 0.59 | 0.45 | 0.46 | 0.39 | 0.36 | 0.32 |
| OXY Dec | 0.46 | n/m | 0.49 | 1.13 | 1.93 | 1.43 | 0.64 | 0.63 | 0.74 | 0.59 |
| HAL Dec | 1.32 | 1.31 | 1.09 | 1.29 | 1.98 | 1.36 | 1.00 | 0.81 | 0.68 | 0.68 |
| DVN Dec | 1.23 | 0.73 | 0.47 | 0.74 | 1.49 | 0.70 | 0.58 | 0.51 | - | 0.54 |
| COP Dec | 0.78 | 0.82 | 0.51 | 0.52 | 0.66 | 0.44 | 0.35 | 0.38 | 0.38 | 0.36 |
| FANG Dec | 0.30 | 0.28 | 0.33 | 0.41 | 0.64 | 0.55 | 0.42 | 0.40 | 0.32 | 0.37 |
| KMI Dec | 1.21 | 1.18 | 1.11 | 1.02 | 1.10 | 1.08 | 1.03 | 1.06 | 1.04 | 1.03 |
| Peer median | 0.50 | 0.66 | 0.47 | 0.62 | 1.10 | 0.70 | 0.58 | 0.51 | 0.45 | 0.37 |
EPS (diluted), FY2016 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| OKE Dec | $1.66 | $1.29 | $2.78 | $3.07 | $1.42 | $3.35 | $3.84 | $5.48 | $5.17 | $5.42 |
| SLB Dec | −$1.24 | −$1.08 | $1.53 | −$7.32 | −$7.57 | $1.32 | $2.39 | $2.91 | $3.11 | $2.35 |
| EOG Dec | −$1.98 | $4.46 | $5.89 | $4.71 | −$1.04 | $7.99 | $13.22 | $13.00 | $11.25 | $9.12 |
| BKR Dec | - | −$0.24 | $0.45 | $0.23 | −$14.73 | −$0.27 | −$0.61 | $1.91 | $2.98 | - |
| OXY Dec | −$0.75 | $1.70 | $5.39 | −$1.22 | −$17.06 | $1.58 | $12.40 | $3.90 | $2.44 | $1.61 |
| HAL Dec | −$6.69 | −$0.53 | $1.89 | −$1.29 | −$3.34 | $1.63 | - | - | - | - |
| DVN Dec | −$2.09 | $1.70 | $6.10 | −$0.89 | −$7.12 | $4.19 | $9.12 | $5.84 | - | $4.17 |
| COP Dec | −$2.91 | −$0.70 | $5.36 | $6.40 | −$2.51 | $6.07 | $14.57 | $9.06 | $7.81 | $6.35 |
| FANG Dec | −$2.20 | $4.94 | $8.06 | $1.47 | −$28.61 | $12.24 | $24.61 | $17.34 | $15.53 | $5.73 |
| KMI Dec | $0.25 | $0.01 | $0.66 | $0.96 | $0.05 | $0.78 | $1.12 | $1.06 | $1.17 | $1.37 |
| Peer median | −$2.04 | $0.01 | $5.36 | $0.23 | −$7.12 | $1.63 | $10.76 | $4.87 | $3.11 | $4.17 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out OKE and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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