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OKE vs. VLO: ONEOK vs. Valero Energy Stock Comparison

How do ONEOK (OKE) and Valero Energy (VLO) 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

ONEOK (OKE) and Valero Energy (VLO) both belong to the Oil, Gas & Consumable Fuels industry, though OKE is classified under Oil & Gas Storage & Transportation while VLO falls under Oil & Gas Refining & Marketing.

Company profile comparison for ONEOK (OKE) and Valero Energy (VLO)
Profile ItemOKEVLO
NameONEOK, Inc.Valero Energy Corporation
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Refining & Marketing
Market Capitalization53.71 billion USD96.62 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 1, 1980January 4, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

OKE
VLO
GSPC
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ONEOK (OKE) vs. Valero Energy (VLO), 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 ONEOK (OKE) and Valero Energy (VLO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ONEOK (OKE) and Valero Energy (VLO)
MetricOKEVLO
Total Return (1Y)33.00%107.71%
Total Return (3Y, Annualized)16.19%47.89%
Total Return (5Y, Annualized)11.76%39.74%

Risk Profile

Drawdown History

OKE
VLO
GSPC
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ONEOK (OKE) vs. Valero Energy (VLO), 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 ONEOK (OKE) and Valero Energy (VLO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ONEOK (OKE) and Valero Energy (VLO)
MetricOKEVLO
Volatility (1Y, Annualized)27.56%39.31%
Beta (5Y)0.790.60
Max Drawdown (5Y)-42.17%-41.22%
Avg. Volume (3M)3.38M3.05M

Risk-Adjusted Performance

Risk-Return Positioning

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OKE and VLO 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 ONEOK (OKE) and Valero Energy (VLO)
MetricOKEVLO
Sharpe Ratio (1Y)1.042.63
Sortino Ratio (1Y)1.504.08

Profitability

ROE (TTM)

Valero Energy (VLO) at 46.87% sits in the top ROE quartile, while ONEOK (OKE) at 15.02% is closer to the peer norm — stronger capital efficiency for VLO.

OKE

Energy industry group

15.02%

Max
53.85%
Q3
24.79%
OKE
15.02%
Median
12.85%
Q1
2.03%
Min
-29.09%

VLO

Energy industry group

46.87%

Max
53.85%
VLO
46.87%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both ONEOK (OKE) at 9.42% and Valero Energy (VLO) at 8.83% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

OKE

Energy industry group

9.42%

Max
56.92%
Q3
22.92%
Median
10.10%
OKE
9.42%
Q1
0.07%
Min
-27.38%

VLO

Energy industry group

8.83%

Max
56.92%
Q3
22.92%
Median
10.10%
VLO
8.83%
Q1
0.07%
Min
-27.38%
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both ONEOK (OKE) at 12.71% and Valero Energy (VLO) at 20.47% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

OKE

Energy industry group

12.71%

Max
71.31%
Q3
33.75%
Median
18.73%
OKE
12.71%
Q1
6.94%
Min
-24.52%

VLO

Energy industry group

20.47%

Max
71.31%
Q3
33.75%
VLO
20.47%
Median
18.73%
Q1
6.94%
Min
-24.52%
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for ONEOK (OKE) and Valero Energy (VLO)
MetricOKEVLO
ROE (TTM)15.02%46.87%
ROA (TTM)5.46%17.68%
Net Margin (TTM)9.42%8.83%
Operating Margin (TTM)12.71%20.47%
Gross Margin (TTM)25.20%19.52%

Growth

Revenue Growth

ONEOK (OKE) at 54.99% clears its industry range for revenue growth, far stronger top-line momentum than Valero Energy (VLO) at -5.54%, which is closer to a typical peer reading.

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

EPS Growth

Both ONEOK (OKE) at 4.84% and Valero Energy (VLO) at -11.77% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for ONEOK (OKE) and Valero Energy (VLO)
MetricOKEVLO
Revenue Growth (YoY)54.99%-5.54%
Revenue Growth (3Y CAGR)14.53%-11.40%
EPS Growth (YoY)4.84%-11.77%
EPS Growth (3Y CAGR)12.17%-36.12%

Financial Strength

Current Ratio (MRQ)

Valero Energy (VLO) at 1.72 keeps current ratio within its industry’s typical mid-range, while ONEOK (OKE) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for OKE.

OKE

Energy industry group

0.84

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
OKE
0.84
Min
0.24

VLO

Energy industry group

1.72

Max
3.64
Q3
2.21
VLO
1.72
Median
1.41
Q1
0.88
Min
0.24
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both ONEOK (OKE) at 0.88 and Valero Energy (VLO) at 0.35 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

OKE

Energy industry group

0.88

Max
1.75
Q3
0.93
OKE
0.88
Median
0.54
Q1
0.30
Min
0.00

VLO

Energy industry group

0.35

Max
1.75
Q3
0.93
Median
0.54
VLO
0.35
Q1
0.30
Min
0.00
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ONEOK (OKE) and Valero Energy (VLO)
MetricOKEVLO
Current Ratio (MRQ)0.841.72
Debt / Equity (MRQ)0.880.35
Net Debt / EBITDA3.680.06

Dividends

Dividend Yield (TTM)

ONEOK (OKE) at 4.96% delivers top-quartile income for its industry, while Valero Energy (VLO) at 1.35% pays a more typical yield — both are credible income propositions, OKE the richer one.

OKE

Energy industry group

4.96%

Max
8.57%
OKE
4.96%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

VLO

Energy industry group

1.35%

Max
8.57%
Q3
3.58%
Median
1.71%
VLO
1.35%
Q1
0.00%
Min
0.00%
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Valero Energy (VLO) at 10.76% pays out a band-typical share of earnings, while ONEOK (OKE) at 65.84% distributes more than its industry norm — less retained, thinner cover.

OKE

Energy industry group

65.84%

Max
133.24%
OKE
65.84%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%

VLO

Energy industry group

10.76%

Max
133.24%
Q3
53.31%
Median
25.24%
VLO
10.76%
Q1
0.00%
Min
0.00%
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for ONEOK (OKE) and Valero Energy (VLO)
MetricOKEVLO
Dividend Yield (TTM)4.96%1.35%
Dividend Payout Ratio (TTM)65.84%10.76%

Valuation

P/E Ratio (TTM)

Both ONEOK (OKE) at 13.23 and Valero Energy (VLO) at 7.88 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

OKE

Energy industry group

13.23

Max
39.54
Q3
21.72
OKE
13.23
Median
12.19
Q1
7.71
Min
2.99

VLO

Energy industry group

7.88

Max
39.54
Q3
21.72
Median
12.19
VLO
7.88
Q1
7.71
Min
2.99
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Valero Energy (VLO) at 0.66 sits in the cheaper P/S ratio quartile while ONEOK (OKE) at 1.24 prices around its industry’s middle — VLO costs less per dollar of sales, though read it alongside growth and margins.

OKE

Energy industry group

1.24

Max
5.40
Q3
2.85
Median
1.69
OKE
1.24
Q1
0.88
Min
0.00

VLO

Energy industry group

0.66

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
VLO
0.66
Min
0.00
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ONEOK (OKE) vs. Valero Energy (VLO): 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 Valero Energy (VLO) at 3.45 carries an above-peer premium to book — VLO is pricier on assets.

OKE

Energy industry group

2.30

Max
4.21
Q3
2.38
OKE
2.30
Median
1.51
Q1
1.08
Min
0.01

VLO

Energy industry group

3.45

Max
4.21
VLO
3.45
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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ONEOK (OKE) vs. Valero Energy (VLO): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for ONEOK (OKE) and Valero Energy (VLO)
MetricOKEVLO
P/E Ratio (TTM)13.237.88
P/S Ratio (TTM)1.240.66
P/B Ratio (MRQ)2.303.45
Free Cash Flow Yield (TTM)1.44%13.02%