ONEOK (OKE) vs Williams Companies (WMB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
ONEOK (OKE) has outperformed Williams Companies (WMB) over the past year, gaining 21.5% versus a gain of 11.7%. Over five years, WMB leads with a +141.8% price change compared with +35.2% for OKE. Williams Companies is the larger company by market cap ($87.41 billion vs $55.51 billion), about 1.6 times the size, while ONEOK is growing revenue faster (+55.0% vs +13.8%).
On valuation, ONEOK trades at a lower forward P/E (14.1x vs 27.0x for Williams Companies). ONEOK offers the higher dividend yield (4.82% vs 2.87%). Williams Companies converts more of its revenue into profit, with a net margin of 21.9% versus 10.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | OKE | WMB |
|---|---|---|
| Share price | $88.05 | $71.46 |
| Market cap | $55.51B | $87.41B |
| 1-day change | -1.32% | -1.28% |
| YTD return | +19.80% | +18.88% |
| 1-year return | +21.53% | +11.71% |
| 5-year return | +35.21% | +141.83% |
| P/E ratio (TTM) | 15.21 | 28.47 |
| Forward P/E | 14.11 | 27.01 |
| EPS (TTM) | $5.79 | $2.51 |
| Dividend yield | 4.82% | 2.87% |
| Annual dividend | $4.24 | $2.05 |
| Revenue (latest FY) | $33.63B | $11.95B |
| Revenue growth (YoY) | +54.99% | +13.78% |
| Net income (latest FY) | $3.39B | $2.62B |
| Gross margin | 30.50% | — |
| Operating margin | 17.07% | 35.11% |
| Net margin | 10.09% | 21.91% |
| 52-week high | $99.85 | $80.08 |
| 52-week low | $64.02 | $56.19 |
| Distance from 52-week high | -11.82% | -10.76% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +14.93% | +19.59% |
| Average volume | 3.64M | 7.03M |
| Shares outstanding | 630.41M | 1.22B |
| Employees | 6,326 | 5,987 |
| Sector | Utilities | Utilities |
| Industry | Oil & Gas Production | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Williams Companies trades at a higher earnings multiple (28.5x vs 15.2x trailing P/E).
- ONEOK offers a meaningfully higher dividend yield (4.82% vs 2.87%).
- Williams Companies is more profitable, keeping 21.9 cents of every revenue dollar as net income versus 10.1 cents for ONEOK.
- ONEOK grew revenue faster in its latest fiscal year (+54.99% vs +13.78%).
About ONEOK
OKE stock →ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
Utilities · Oil & Gas Production · 6,326 employees
About Williams Companies
WMB stock →The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services segments.
Utilities · Natural Gas Distribution · 5,987 employees
OKE vs WMB FAQ
Which is bigger, ONEOK or Williams Companies?
Williams Companies (WMB) is larger, with a market capitalization of $87.41B compared with $55.51B for ONEOK (OKE).
Which stock has performed better over the past year, OKE or WMB?
OKE returned +21.53% over the past 12 months, compared with +11.71% for WMB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, OKE or WMB?
OKE has the lower trailing P/E at 15.2, versus 28.5 for WMB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, ONEOK or Williams Companies?
ONEOK has the higher yield at 4.82%, compared with 2.87% for Williams Companies.
Are ONEOK and Williams Companies in the same industry?
Both are in the Utilities sector, but in different industries: Oil & Gas Production for ONEOK and Natural Gas Distribution for Williams Companies.