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FANG vs. OKE: Diamondback Energy vs. ONEOK Stock Comparison

How do Diamondback Energy (FANG) 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

Diamondback Energy (FANG) and ONEOK (OKE) both belong to the Oil, Gas & Consumable Fuels industry, though FANG is classified under Oil & Gas Exploration & Production while OKE falls under Oil & Gas Storage & Transportation.

Company profile comparison for Diamondback Energy (FANG) and ONEOK (OKE)
Profile ItemFANGOKE
NameDiamondback Energy Inc.ONEOK, Inc.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionOil & Gas Storage & Transportation
Market Capitalization49.96 billion USD53.71 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateOctober 12, 2012October 1, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FANG
OKE
GSPC
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Diamondback Energy (FANG) 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 Diamondback Energy (FANG) and ONEOK (OKE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Diamondback Energy (FANG) and ONEOK (OKE)
MetricFANGOKE
Total Return (1Y)26.99%33.00%
Total Return (3Y, Annualized)8.52%16.19%
Total Return (5Y, Annualized)14.17%11.76%

Risk Profile

Drawdown History

FANG
OKE
GSPC
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Diamondback Energy (FANG) 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 Diamondback Energy (FANG) and ONEOK (OKE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Diamondback Energy (FANG) and ONEOK (OKE)
MetricFANGOKE
Volatility (1Y, Annualized)33.77%27.56%
Beta (5Y)0.530.79
Max Drawdown (5Y)-42.10%-42.17%
Avg. Volume (3M)2.38M3.38M

Risk-Adjusted Performance

Risk-Return Positioning

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FANG 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 Diamondback Energy (FANG) and ONEOK (OKE)
MetricFANGOKE
Sharpe Ratio (1Y)0.671.04
Sortino Ratio (1Y)0.971.50

Profitability

ROE (TTM)

Both Diamondback Energy (FANG) at 4.86% 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.

FANG

Energy industry group

4.86%

Max
53.85%
Q3
24.79%
Median
12.85%
FANG
4.86%
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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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Diamondback Energy (FANG) at 11.62% 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.

FANG

Energy industry group

11.62%

Max
56.92%
Q3
22.92%
FANG
11.62%
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%
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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Diamondback Energy (FANG) at 44.95% operates in the top operating margin quartile, ahead of ONEOK (OKE) at 12.71%, which runs around its industry’s norm.

FANG

Energy industry group

44.95%

Max
71.31%
FANG
44.95%
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%
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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Diamondback Energy (FANG) and ONEOK (OKE)
MetricFANGOKE
ROE (TTM)4.86%15.02%
ROA (TTM)2.07%5.46%
Net Margin (TTM)11.62%9.42%
Operating Margin (TTM)44.95%12.71%
Gross Margin (TTM)73.62%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; Diamondback Energy (FANG) at 35.44% also sits in the top quartile.

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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their Revenue Growth across different time periods.

EPS Growth

ONEOK (OKE) at 4.84% is around its peer norm for EPS growth, while Diamondback Energy (FANG) at -63.10% drops into the bottom quartile, signaling weaker earnings momentum.

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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Diamondback Energy (FANG) and ONEOK (OKE)
MetricFANGOKE
Revenue Growth (YoY)35.44%54.99%
Revenue Growth (3Y CAGR)15.99%14.53%
EPS Growth (YoY)-63.10%4.84%
EPS Growth (3Y CAGR)-38.48%12.17%

Financial Strength

Current Ratio (MRQ)

Both Diamondback Energy (FANG) at 0.55 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.

FANG

Energy industry group

0.55

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
FANG
0.55
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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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Diamondback Energy (FANG) at 0.29 keeps leverage in the lower industry quartile, while ONEOK (OKE) at 0.88 runs a more typical debt-to-equity mix.

FANG

Energy industry group

0.29

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
FANG
0.29
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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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Diamondback Energy (FANG) and ONEOK (OKE)
MetricFANGOKE
Current Ratio (MRQ)0.550.84
Debt / Equity (MRQ)0.290.88
Net Debt / EBITDA0.993.68

Dividends

Dividend Yield (TTM)

ONEOK (OKE) at 4.96% delivers top-quartile income for its industry, while Diamondback Energy (FANG) at 2.47% pays a more typical yield — both are credible income propositions, OKE the richer one.

FANG

Energy industry group

2.47%

Max
8.57%
Q3
3.58%
FANG
2.47%
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%
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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Diamondback Energy (FANG) at 57.20% and ONEOK (OKE) at 65.84% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

FANG

Energy industry group

57.20%

Max
133.24%
FANG
57.20%
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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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Diamondback Energy (FANG) and ONEOK (OKE)
MetricFANGOKE
Dividend Yield (TTM)2.47%4.96%
Dividend Payout Ratio (TTM)57.20%65.84%

Valuation

P/E Ratio (TTM)

ONEOK (OKE) at 13.23 is near its industry’s usual P/E ratio, while Diamondback Energy (FANG) at 24.09 sits in the richer quartile — FANG needs stronger growth or earnings quality to justify the premium.

FANG

Energy industry group

24.09

Max
39.54
FANG
24.09
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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Diamondback Energy (FANG) 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 Diamondback Energy (FANG) at 2.83 and ONEOK (OKE) at 1.24 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FANG

Energy industry group

2.83

Max
5.40
Q3
2.85
FANG
2.83
Median
1.69
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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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Diamondback Energy (FANG) at 1.28 and ONEOK (OKE) at 2.30 are valued close to their industries’ norm against book — neither stands out from peers.

FANG

Energy industry group

1.28

Max
4.21
Q3
2.38
Median
1.51
FANG
1.28
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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Diamondback Energy (FANG) vs. ONEOK (OKE): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Diamondback Energy (FANG) and ONEOK (OKE)
MetricFANGOKE
P/E Ratio (TTM)24.0913.23
P/S Ratio (TTM)2.831.24
P/B Ratio (MRQ)1.282.30
Free Cash Flow Yield (TTM)12.09%1.44%