Oneok vs Plains GP Holdings LP
Plains GP Holdings LP is the larger business, with $44.26bn of revenue in fiscal 2025 against $33.63bn for Oneok (1.3 times as much). Oneok grew faster (55.0% against -9.5%). Oneok kept more of each dollar of sales as profit: a net margin of 10.1% against 0.6%.
| Latest fiscal year | OneokOKE, 2025 | Plains GP Holdings LPPAGP, 2025 |
|---|---|---|
| Revenue | $33.63bn | $44.26bn |
| Revenue growth | 55.0% | -9.5% |
| Net income | $3.39bn | $260m |
| Operating margin | 17.1% | 3.2% |
| Net margin | 10.1% | 0.6% |
| Return on equity | 17.2% | — |
| Free cash flow | $2.45bn | $2.29bn |
| Cash | $78.0m | $329m |
| Total debt | $32.82bn | $11.26bn |
| Debt to equity | 146.0% | — |
| Dividend per share | $4.12 | — |
| Dividend yield | 4.6% | — |
| Share buybacks | $75.0m | $8.0m |
| Employees | 6,326 | 3,900 |
| Market value | $58.34bn | $5.48bn |
| Price vs our value range | — | Below our value range |
| Moat score | 50 (Moderate) | 24 (Weak) |
| Insider trades, 12 months | 1 buys, 0 sales | 0 buys, 0 sales |