The Filing Desk

Oneok vs TC Energy

Oneok OKE · TC Energy TRP · Oil & Gas Storage & Transportation

Oneok reported revenue of $33.6 billion in fiscal 2025, and TC Energy C$15.2 billion in fiscal 2025, in different currencies. Oneok's revenue grew 55.0% in its latest year, and TC Energy's grew 10.7%. Oneok had an operating margin of 17.1%, against 52.7% at TC Energy.

Side by side

OneokTC Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$33.6BC$15.2B
Revenue growth55.0%10.7%
Revenue growth a year, last 5 years31.5%3.2%
Gross margin30.5%98.6%
Operating margin17.1%52.7%
Net margin10.1%23.1%
Free cash flow$2.4B—
Free cash flow margin7.3%—
Return on capital8.1%—
Net debt to EBITDA4.5x—
Dividends and buybacks$2.7BC$3.5B
Change in diluted share count6.7%0.2%
Last close$96.36$62.46
P/E at the last close16.6×—
Insider trades, last 12 monthsbought $165,000, sold $0—
Piotroski F-score5 of 9—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
In each company's own currency, fiscal years
OneokTC Energy
Operating margin
Percent of revenue
OneokTC Energy
Free cash flow
In each company's own currency. Cash from operations minus capital expenditure.
OneokTC Energy

Start a new comparison

Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Oneok and TC Energy pages.