OKE vs EPD

For growth investors, ONEOK, Inc.

(OKE) is the stronger pick with 55. 4% revenue growth year-over-year, versus -6. 4% for Enterprise Products Partners L. P. (EPD). Enterprise Products Partners L. P. (EPD) offers the better valuation at 14. 1x trailing P/E (13. 1x forward), making it the more compelling value choice. Analysts rate Enterprise Products Partners L. P. (EPD) a "Buy" — based on 45 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Enterprise Products Partners L.

P. (EPD) is the cheapest at 14. 1x versus ONEOK, Inc. at 15. 8x. On forward P/E, Enterprise Products Partners L. P. is actually cheaper at 13. 1x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: ONEOK, Inc. wins at 0. 49x versus Enterprise Products Partners L. P. 's 1. 42x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Enterprise Products Partners L.

P. (EPD) delivered a total return of +104. 8%, compared to +97. 1% for ONEOK, Inc. (OKE). Over 10 years, the gap is even starker: OKE returned +205. 7% versus EPD's +116. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Enterprise Products Partners L.

P. (EPD) is the lower-risk stock at 0. 06β versus ONEOK, Inc. 's 0. 14β — meaning OKE is approximately 118% more volatile than EPD relative to the S&P 500. On balance sheet safety, Enterprise Products Partners L. P. (EPD) carries a lower debt/equity ratio of 114% versus 145% for ONEOK, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), ONEOK, Inc.

(OKE) is pulling ahead at 55. 4% versus -6. 4% for Enterprise Products Partners L. P. (EPD). On earnings-per-share growth, the picture is similar: ONEOK, Inc. grew EPS 4. 8% year-over-year, compared to -1. 1% for Enterprise Products Partners L. P.. Over a 3-year CAGR, OKE leads at 13. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Enterprise Products Partners L.

P. (EPD) is the more profitable company, earning 11. 1% net margin versus 10. 1% for ONEOK, Inc. — meaning it keeps 11. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OKE leads at 20. 7% versus 13. 1% for EPD. At the gross margin level — before operating expenses — OKE leads at 21. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, ONEOK, Inc. (OKE) is the more undervalued stock at a PEG of 0. 49x versus Enterprise Products Partners L. P. 's 1. 42x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Enterprise Products Partners L. P. (EPD) trades at 13. 1x forward P/E versus 15. 2x for ONEOK, Inc. — 2. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OKE: 5. 0% to $89. 88.

All stocks in this comparison pay dividends.

Enterprise Products Partners L. P. (EPD) offers the highest yield at 5. 7%, versus 4. 8% for ONEOK, Inc. (OKE).

For long-horizon retirement investors, Enterprise Products Partners L.

P. (EPD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 06), 5. 7% yield, +116. 1% 10Y return). Both have compounded well over 10 years (EPD: +116. 1%, OKE: +205. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: OKE is a mid-cap high-growth stock; EPD is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.