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ENB vs. OKE: Enbridge vs. ONEOK Stock Comparison

How do Enbridge (ENB) 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

Enbridge (ENB) and ONEOK (OKE) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Enbridge (ENB) and ONEOK (OKE)
Profile ItemENBOKE
NameEnbridge Inc.ONEOK, Inc.
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization104.51 billion USD53.71 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 15, 1984October 1, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ENB
OKE
GSPC
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Enbridge (ENB) vs. ONEOK (OKE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Enbridge (ENB) and ONEOK (OKE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Enbridge (ENB) and ONEOK (OKE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Enbridge (ENB) and ONEOK (OKE)
MetricENBOKE
Total Return (1Y)3.49%33.00%
Total Return (3Y, Annualized)19.14%16.19%
Total Return (5Y, Annualized)8.72%11.76%

Risk Profile

Drawdown History

ENB
OKE
GSPC
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Enbridge (ENB) vs. ONEOK (OKE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Enbridge (ENB) and ONEOK (OKE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Enbridge (ENB) and ONEOK (OKE)
MetricENBOKE
Volatility (1Y, Annualized)18.30%27.56%
Beta (5Y)0.590.79
Max Drawdown (5Y)-28.31%-42.17%
Avg. Volume (3M)5.05M3.38M

Risk-Adjusted Performance

Risk-Return Positioning

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ENB and OKE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Enbridge (ENB) and ONEOK (OKE)
MetricENBOKE
Sharpe Ratio (1Y)-0.041.04
Sortino Ratio (1Y)-0.061.50

Profitability

ROE (TTM)

Both Enbridge (ENB) at 9.22% and ONEOK (OKE) at 15.02% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ENB

Energy industry group

9.22%

Max
53.85%
Q3
24.79%
Median
12.85%
ENB
9.22%
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%
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Enbridge (ENB) at 7.34% and ONEOK (OKE) at 9.42% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ENB

Energy industry group

7.34%

Max
56.92%
Q3
22.92%
Median
10.10%
ENB
7.34%
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%
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Enbridge (ENB) at 10.16% and ONEOK (OKE) at 12.71% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ENB

Energy industry group

10.16%

Max
71.31%
Q3
33.75%
Median
18.73%
ENB
10.16%
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%
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Enbridge (ENB) and ONEOK (OKE)
MetricENBOKE
ROE (TTM)9.22%15.02%
ROA (TTM)3.29%5.46%
Net Margin (TTM)7.34%9.42%
Operating Margin (TTM)10.16%12.71%
Gross Margin (TTM)32.59%25.20%

Growth

Revenue Growth

Both companies are growing quickly, but ONEOK (OKE) at 54.99% is the standout with revenue growth above its industry range; Enbridge (ENB) at 21.92% also sits in the top quartile.

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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Enbridge (ENB) at 37.61% 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 ENB.

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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Enbridge (ENB) and ONEOK (OKE)
MetricENBOKE
Revenue Growth (YoY)21.92%54.99%
Revenue Growth (3Y CAGR)6.94%14.53%
EPS Growth (YoY)37.61%4.84%
EPS Growth (3Y CAGR)36.00%12.17%

Financial Strength

Current Ratio (MRQ)

Both Enbridge (ENB) at 0.72 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.

ENB

Energy industry group

0.72

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
ENB
0.72
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
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

ONEOK (OKE) at 0.88 carries an industry-typical debt-to-equity mix, while Enbridge (ENB) at 1.63 uses more debt funding than most peers.

ENB

Energy industry group

1.63

Max
1.75
ENB
1.63
Q3
0.93
Median
0.54
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
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Enbridge (ENB) and ONEOK (OKE)
MetricENBOKE
Current Ratio (MRQ)0.720.84
Debt / Equity (MRQ)1.630.88
Net Debt / EBITDA6.333.68

Dividends

Dividend Yield (TTM)

Enbridge (ENB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ONEOK (OKE) reports a yield of 4.96%, ranking against industry peers normally.

ENB

Energy industry group

0.00%

Max
8.57%
Q3
3.58%
Median
1.71%
ENB
0.00%
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%
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 147.68%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile ONEOK (OKE) reports 65.84%, ranking against industry peers normally.

ENB

Energy industry group

147.68%

ENB
147.68%
Max
133.24%
Q3
53.31%
Median
25.24%
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%
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Enbridge (ENB) and ONEOK (OKE)
MetricENBOKE
Dividend Yield (TTM)0.00%4.96%
Dividend Payout Ratio (TTM)147.68%65.84%

Valuation

P/E Ratio (TTM)

ONEOK (OKE) at 13.23 is near its industry’s usual P/E ratio, while Enbridge (ENB) at 22.65 sits in the richer quartile — ENB needs stronger growth or earnings quality to justify the premium.

ENB

Energy industry group

22.65

Max
39.54
ENB
22.65
Q3
21.72
Median
12.19
Q1
7.71
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
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Enbridge (ENB) at 1.25 and ONEOK (OKE) at 1.24 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ENB

Energy industry group

1.25

Max
5.40
Q3
2.85
Median
1.69
ENB
1.25
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
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

ONEOK (OKE) at 2.30 is valued about in line with its industry on P/B ratio, while Enbridge (ENB) at 2.59 carries an above-peer premium to book — ENB is pricier on assets.

ENB

Energy industry group

2.59

Max
4.21
ENB
2.59
Q3
2.38
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
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Enbridge (ENB) vs. ONEOK (OKE): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Enbridge (ENB) and ONEOK (OKE)
MetricENBOKE
P/E Ratio (TTM)22.6513.23
P/S Ratio (TTM)1.251.24
P/B Ratio (MRQ)2.592.30
Free Cash Flow Yield (TTM)-1.01%1.44%