Quality score · OKE · Energy

Is ONEOK, Inc. a quality business?

ONEOK, Inc. (OKE) scored on five pillars from its reported financial statements, and ranked against 87 Energy companies.

5.3/ 10
Mixed quality
as of October 19, 2026
Profitability
5.4 Average
Solvency
3.3 Weak
Growth
7.1 Strong
Efficiency
5.4 Average
Predictability
5.2 Average
Strongest pillar: Growth · Weakest: Solvency

ONEOK, Inc. (OKE) scores 5.3 out of 10 as of , computed from its reported financial statements. That reads as mixed quality. The reading rests on growth, and solvency is what holds it back.

Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.

Does ONEOK, Inc. have an economic moat?

Not enough data

We cannot judge ONEOK, Inc. yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.

Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →

How ONEOK, Inc. scores

The Quality Score for OKE stands at 5.3 out of 10 as of October 19, 2026, which puts ONEOK, Inc. in the mixed quality band. In this band one or two pillars are usually holding the score up while others drag it down, which the breakdown below makes visible. It rolls ONEOK, Inc.’s profitability, solvency, growth, efficiency and predictability into one number, each judged against the norms of its sector.

Ranked with the 87 Energy companies Lemma publishes, the score sits at the 55th percentile, in the upper half of the group, short of the top quarter. A typical company in the group scores 5.0, and the best quarter starts from 5.9. ONEOK, Inc. is in line with that typical reading.

Pillar by pillar

Profitability

Profitability scores 5.4 out of 10, which reads as average. The median across 84 Energy companies is 5.5, so ONEOK, Inc. is in line with its peers on this pillar and ranks at the 49th percentile. Profitability in the middle of the range is neither a moat nor a warning: margins and returns look like those of an ordinary business in this line of work.

Solvency

On solvency, ONEOK, Inc. scores 3.3, a weak reading. Its peers have a median of 6.5 across 79 Energy companies, which places it well below them, at the 9th percentile. Stretched leverage narrows the options open to management, since cash that services debt is cash that cannot be reinvested.

Growth

Growth scores 7.1 out of 10, which reads as strong. The median across 66 Energy companies is 5.2, so ONEOK, Inc. is well above its peers on this pillar and ranks at the 69th percentile. Strong growth means revenue, earnings and cash flow have been compounding faster than at most peers over the last few years.

Efficiency

On efficiency, ONEOK, Inc. scores 5.4, an average reading. Its peers have a median of 5.5 across 81 Energy companies, which places it in line with them, at the 49th percentile. An average efficiency reading suggests the business turns its assets and earnings into cash at roughly the rate its sector does.

Predictability

ONEOK, Inc.’s predictability score is 5.2 out of 10 (average). Against a median of 3.1 among 86 Energy companies, that is well above the group and the 85th percentile. An average predictability reading means results have wobbled about as much as is normal for the sector.

Strongest and weakest pillar

The gap between ONEOK, Inc.’s best and worst pillar is wide: growth at 7.1 against solvency at 3.3, 3.8 points apart. An average of two readings this different deserves a closer look than the headline number. Leading with growth is attractive as long as the expansion is earning a decent return. When solvency is the soft spot, the question is how much of the cash flow is already spoken for by debt.

What would move the score

Of everything that could lift ONEOK, Inc.’s score, solvency matters most. Bringing it up to the 6.5 median of Energy companies would take the overall from 5.3 to roughly 5.9. The weights add up to 100 points (profitability 25, solvency 20, growth 20, efficiency 15, predictability 20), and ONEOK, Inc. has a reading on every pillar.

ONEOK, Inc. and similar companies

For a fair comparison, start with companies of a similar size: the Energy companies below are nearest to ONEOK, Inc. by market value, each scored on the same pillars.

What each pillar measures

Profitability

5.4 / 10

How much profit the company generates from its capital and sales.

Solvency

3.3 / 10

The company’s ability to service debt and meet its obligations.

Growth

7.1 / 10

How fast revenue, earnings and cash flow are compounding.

Efficiency

5.4 / 10

How well assets and earnings convert into cash and output.

Predictability

5.2 / 10

How stable and consistent results have been over time.

How this score is calculated

Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.

Limitations

This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.

Educational only. Not investment advice.

FAQ

Is ONEOK, Inc. a quality business?

On this reading ONEOK, Inc. scores 5.3 out of 10, which reads as mixed quality. Its strongest pillar is growth, its weakest is solvency. Quality is not the same as a good investment: the score says nothing about the price you would pay.

How does ONEOK, Inc. compare with other Energy companies?

ONEOK, Inc. ranks at the 55th percentile of the 87 Energy companies Lemma publishes a score for. The median there is 5.0 and the top quarter starts at 5.9, against ONEOK, Inc.’s 5.3.

What does the OKE quality score measure?

Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.

How current is this score?

This page last changed on October 19, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for OKE are in the app.

Does a high score mean the stock is cheap?

No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.

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