WMB vs OKE Stock Comparison: AI Score, Valuation, Performance and Upside
WMB and OKE are both midstream corporations, avoiding partnership tax complexity, but they move different molecules. Williams transports natural gas, with Transco as an irreplaceable asset and growth tied to power demand and exports. ONEOK handles natural gas liquids from gathering through fractionation, with growth driven by producer volumes and by integrating a series of acquisitions.
Use this WMB vs OKE comparison to choose between demand-driven and supply-driven growth. Williams' expansions are underwritten by customers who need gas delivered, so growth follows electricity and export demand. ONEOK's volumes depend on how much producers drill, which makes its growth a function of upstream activity it does not control.
OKE holds the edge across 3 of 5 key metrics in this comparison. OKE leads on both 1-year return (+20.31%) and forward P/E quality (15.06x vs 28.13x for WMB), a relatively favorable combination of momentum and valuation. On fundamentals, OKE is growing revenue faster (52.80%), while WMB maintains the higher operating margin (39.54%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for WMB (+15.62%) than for OKE (+1.96%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want natural gas transmission exposure anchored by an irreplaceable pipeline
- Believe power and liquefied natural gas demand will drive gas volumes
- Value expansion projects contracted before construction
- Accept permitting risk and gas concentration
- Want integrated natural gas liquids exposure from gathering to fractionation
- Believe acquisition synergies will be delivered as planned
- Prefer a corporation with straightforward dividend reporting
- Accept dependence on producer drilling activity and added leverage
| Metric | WMB | OKE |
|---|---|---|
| AI scorei | 51.8 | 52.4 |
| AI ranki | #381 | #352 |
| Latest closei | $69.26 | $88.63 |
| 1M returni | -6.92% | -6.61% |
| 6M returni | -5.87% | -5.67% |
| 1Y returni | +10.18% | +20.31% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | WMB | OKE |
|---|---|---|
| 1Y ago | $10.94K (+9.4%) started 2025-09-25 | $12.07K (+20.7%) started 2025-09-25 |
| 5Y ago | $38.21K (+282.1%) started 2021-09-27 | $23.16K (+131.6%) started 2021-09-27 |
| 10Y ago | $65.56K (+555.6%) started 2016-09-26 | $63.23K (+532.3%) started 2016-09-26 |
Hypothetical — past performance does not guarantee future results.
| Metric | WMB | OKE |
|---|---|---|
| Market capi | $90.18B | $59.73B |
| Trailing P/Ei | 29.37 | 16.37 |
| Forward P/Ei | 28.13 | 15.06 |
| Price/Salesi | 6.67 | 2.05 |
| EV/Revenuei | 9.98 | 2.36 |
| Analyst targeti | $85.25 | $96.62 |
| Target upsidei | +15.62% | +1.96% |
| Metric | WMB | OKE |
|---|---|---|
| Revenue growthi | 7.80% | 52.80% |
| Earnings growthi | 51.20% | 14.20% |
| EPS growthi | +51.20% | +14.20% |
| FCF margini | -12.31% | +2.29% |
| Operating margini | 39.54% | 13.25% |
| Profit margini | 24.94% | 9.29% |
| ROIC proxyi | 21.50% | 16.28% |
| Return on equityi | 21.50% | 16.28% |
| Dividend yieldi | 2.83% | 4.52% |
| Payout ratioi | 81.67% | 72.54% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.61 | 0.71 |
| Debt/equityi | 200.37 | 143.07 |
| Current ratioi | 0.48 | 0.74 |
| Quick ratioi | 0.31 | 0.52 |
Over the past year, WMB and OKE have moved moderately in the same direction (correlation of 0.59), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | WMB | OKE |
|---|---|---|---|
| 1Y | Growthi | +9.40% | +20.68% |
| CAGRi | +9.41% | +20.72% | |
| Volatilityi | 24.12% | 27.15% | |
| Sharpe ratioi | 0.31 | 0.67 | |
| Sortino ratioi | 0.44 | 0.93 | |
| Max drawdowni | 12.77% | 12.97% | |
| Current drawdowni | 12.77% | 9.11% | |
| Avg drawdowni | 5.48% | 4.41% | |
| Ulcer Indexi | 6.49% | 5.43% | |
| Max daily dropi | 5.20% | 5.08% | |
| Max wkly dropi | 10.74% | 9.66% | |
| 5Y | Growthi | +216.18% | +84.68% |
| CAGRi | +25.92% | +13.07% | |
| Volatilityi | 23.92% | 28.00% | |
| Sharpe ratioi | 0.90 | 0.42 | |
| Sortino ratioi | 1.28 | 0.56 | |
| Max drawdowni | 23.01% | 43.77% | |
| Current drawdowni | 12.77% | 22.50% | |
| Avg drawdowni | 6.12% | 13.21% | |
| Ulcer Indexi | 8.12% | 17.78% | |
| Max daily dropi | 8.43% | 12.77% | |
| Max wkly dropi | 14.76% | 20.89% | |
| 10Y | Growthi | +262.16% | +210.91% |
| CAGRi | +13.74% | +12.02% | |
| Volatilityi | 30.19% | 38.84% | |
| Sharpe ratioi | 0.43 | 0.38 | |
| Sortino ratioi | 0.61 | 0.51 | |
| Max drawdowni | 68.08% | 80.17% | |
| Current drawdowni | 12.77% | 22.50% | |
| Avg drawdowni | 11.03% | 15.04% | |
| Ulcer Indexi | 14.77% | 22.57% | |
| Max daily dropi | 23.74% | 37.76% | |
| Max wkly dropi | 40.78% | 58.57% |
| Category | WMB | OKE |
|---|---|---|
| Company | The Williams Companies, Inc. | ONEOK, Inc. |
| Sector | Energy | Energy |
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Core business | Natural gas focused midstream corporation centred on the Transco interstate pipeline serving the eastern United States, with additional gathering, processing, and storage assets. | Midstream corporation historically focused on natural gas liquids gathering, processing, fractionation, and transportation, broadened by acquisitions into refined products, crude pipelines, and additional gathering systems. |
| Investor focus | Transco expansion project approvals and contracting, natural gas demand from power and liquefied natural gas, contracted cash flow share, leverage, and dividend growth. | Natural gas liquids volumes from producing basins, synergy realisation from acquisitions, fee-based cash flow share, leverage, and dividend growth. |
- Transco is a premier long-haul pipeline into high-demand eastern markets that is effectively impossible to replicate
- Growth driven by contracted expansions underwritten before construction
- Natural gas demand from power generation and exports provides a multi-year project pipeline
- Strong integrated natural gas liquids franchise from wellhead gathering through fractionation
- Acquisitions added scale and diversified the asset base beyond liquids
- Corporate structure with simple dividend reporting
- New pipeline capacity faces permitting challenges and legal opposition in the Northeast
- Concentrated in natural gas without liquids or crude diversification
- Growth requires continuous project approvals to sustain
- Liquids volumes depend on producer drilling in specific basins
- Debt increased with acquisitions, so synergy delivery matters
- Some processing contracts retain commodity price exposure
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