APA vs. OKE: APA vs. ONEOK Stock Comparison
How do APA (APA) and ONEOK (OKE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
APA (APA) and ONEOK (OKE) both belong to the Oil, Gas & Consumable Fuels industry, though APA is classified under Oil & Gas Exploration & Production while OKE falls under Oil & Gas Storage & Transportation.
| Profile Item | APA | OKE |
|---|---|---|
| Name | APA Corporation | ONEOK, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Exploration & Production | Oil & Gas Storage & Transportation |
| Market Capitalization | 14.98 billion USD | 53.71 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | May 15, 1979 | October 1, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | APA | OKE |
|---|---|---|
| Total Return (1Y) | 92.90% | 33.00% |
| Total Return (3Y, Annualized) | 11.25% | 16.19% |
| Total Return (5Y, Annualized) | 11.68% | 11.76% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | APA | OKE |
|---|---|---|
| Volatility (1Y, Annualized) | 44.92% | 27.56% |
| Beta (5Y) | 0.34 | 0.79 |
| Max Drawdown (5Y) | -70.47% | -42.17% |
| Avg. Volume (3M) | 5.66M | 3.38M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | APA | OKE |
|---|---|---|
| Sharpe Ratio (1Y) | 1.97 | 1.04 |
| Sortino Ratio (1Y) | 2.94 | 1.50 |
Profitability
ROE (TTM)
APA (APA) at 33.32% sits in the top ROE quartile, while ONEOK (OKE) at 15.02% is closer to the peer norm — stronger capital efficiency for APA.
APA
Energy industry group
33.32%
- Max
- 53.85%
- APA
- 33.32%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
OKE
Energy industry group
15.02%
- Max
- 53.85%
- Q3
- 24.79%
- OKE
- 15.02%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
APA (APA) at 23.49% retains a top-quartile share of revenue as profit, ahead of ONEOK (OKE) at 9.42%, which keeps about the industry-typical share.
APA
Energy industry group
23.49%
- Max
- 56.92%
- APA
- 23.49%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
OKE
Energy industry group
9.42%
- Max
- 56.92%
- Q3
- 22.92%
- Median
- 10.10%
- OKE
- 9.42%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
APA (APA) at 44.25% operates in the top operating margin quartile, ahead of ONEOK (OKE) at 12.71%, which runs around its industry’s norm.
APA
Energy industry group
44.25%
- Max
- 71.31%
- APA
- 44.25%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
OKE
Energy industry group
12.71%
- Max
- 71.31%
- Q3
- 33.75%
- Median
- 18.73%
- OKE
- 12.71%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | APA | OKE |
|---|---|---|
| ROE (TTM) | 33.32% | 15.02% |
| ROA (TTM) | 14.06% | 5.46% |
| Net Margin (TTM) | 23.49% | 9.42% |
| Operating Margin (TTM) | 44.25% | 12.71% |
| Gross Margin (TTM) | 78.98% | 25.20% |
Growth
Revenue Growth
ONEOK (OKE) at 54.99% delivers above-range revenue growth, while APA (APA) at -8.39% falls into the bottom quartile — a wide split in revenue momentum.
EPS Growth
APA (APA) at 75.77% sits in the top EPS growth quartile, while ONEOK (OKE) at 4.84% is closer to the peer norm — faster per-share earnings growth for APA.
Growth Metrics
| Metric | APA | OKE |
|---|---|---|
| Revenue Growth (YoY) | -8.39% | 54.99% |
| Revenue Growth (3Y CAGR) | -6.96% | 14.53% |
| EPS Growth (YoY) | 75.77% | 4.84% |
| EPS Growth (3Y CAGR) | -28.73% | 12.17% |
Financial Strength
Current Ratio (MRQ)
Both APA (APA) at 0.85 and ONEOK (OKE) at 0.84 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
APA
Energy industry group
0.85
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- APA
- 0.85
- Min
- 0.24
OKE
Energy industry group
0.84
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- OKE
- 0.84
- Min
- 0.24
Debt / Equity (MRQ)
Both APA (APA) at 0.42 and ONEOK (OKE) at 0.88 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
APA
Energy industry group
0.42
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- APA
- 0.42
- Q1
- 0.30
- Min
- 0.00
OKE
Energy industry group
0.88
- Max
- 1.75
- Q3
- 0.93
- OKE
- 0.88
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | APA | OKE |
|---|---|---|
| Current Ratio (MRQ) | 0.85 | 0.84 |
| Debt / Equity (MRQ) | 0.42 | 0.88 |
| Net Debt / EBITDA | 0.53 | 3.68 |
Dividends
Dividend Yield (TTM)
ONEOK (OKE) at 4.96% delivers top-quartile income for its industry, while APA (APA) at 2.30% pays a more typical yield — both are credible income propositions, OKE the richer one.
APA
Energy industry group
2.30%
- Max
- 8.57%
- Q3
- 3.58%
- APA
- 2.30%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
OKE
Energy industry group
4.96%
- Max
- 8.57%
- OKE
- 4.96%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
APA (APA) at 16.26% pays out a band-typical share of earnings, while ONEOK (OKE) at 65.84% distributes more than its industry norm — less retained, thinner cover.
APA
Energy industry group
16.26%
- Max
- 133.24%
- Q3
- 53.31%
- Median
- 25.24%
- APA
- 16.26%
- Q1
- 0.00%
- Min
- 0.00%
OKE
Energy industry group
65.84%
- Max
- 133.24%
- OKE
- 65.84%
- Q3
- 53.31%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | APA | OKE |
|---|---|---|
| Dividend Yield (TTM) | 2.30% | 4.96% |
| Dividend Payout Ratio (TTM) | 16.26% | 65.84% |
Valuation
P/E Ratio (TTM)
APA (APA) at 7.26 sits in the cheaper P/E ratio quartile, while ONEOK (OKE) at 13.23 is closer to its industry’s usual earnings multiple — a discount for APA, though growth and earnings durability still matter.
APA
Energy industry group
7.26
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- APA
- 7.26
- Min
- 2.99
OKE
Energy industry group
13.23
- Max
- 39.54
- Q3
- 21.72
- OKE
- 13.23
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
On P/S ratio, both APA (APA) at 1.62 and ONEOK (OKE) at 1.24 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
APA
Energy industry group
1.62
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- APA
- 1.62
- Q1
- 0.88
- Min
- 0.00
OKE
Energy industry group
1.24
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- OKE
- 1.24
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both APA (APA) at 2.11 and ONEOK (OKE) at 2.30 are valued close to their industries’ norm against book — neither stands out from peers.
APA
Energy industry group
2.11
- Max
- 4.21
- Q3
- 2.38
- APA
- 2.11
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
OKE
Energy industry group
2.30
- Max
- 4.21
- Q3
- 2.38
- OKE
- 2.30
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | APA | OKE |
|---|---|---|
| P/E Ratio (TTM) | 7.26 | 13.23 |
| P/S Ratio (TTM) | 1.62 | 1.24 |
| P/B Ratio (MRQ) | 2.11 | 2.30 |
| Free Cash Flow Yield (TTM) | 14.08% | 1.44% |