Home Compare OKE vs QXO
Stock Comparison · Structural lead, mixed market

ONEOK vs QXO: Which Stock Looks Stronger in 2026?

ONEOK holds the cleaner structural position, with profitability as the main driver and growth adding further support. QXO still has the edge on growth, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Profitability remains the main source of distance in the comparison. The overall score gap is 13 points in favour of ONEOK, Inc..

Trajectory Similarity
0.68
Moderately similar
Peer-set rank: #2
within ONEOK, Inc.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The match is driven mainly by capital structure and operating margin level.

Similarity drivers
capital structureoperating margin level
What reduces the match
recent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
OKE
ONEOK, Inc.
59
Peer-Score
Signal qualityMedium
vs
QXO
QXO, Inc.
46
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: OKE vs QXO Profitability 42 0 Stability 37 43 Valuation 83 60 Growth 71 100 OKE QXO
Gap Ranking
#1 Profitability +42
#2 Growth +29
#3 Valuation +23
#4 Stability +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for OKE and QXO Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer OKEQXO Relative valuation Structural strength

The two profiles are relatively close, but the price setup still leans toward ONEOK, Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) and Forward P/E where available.

Relative Position vs Comparable Companies
Profitability
ONEOK, Inc. sits higher in the group on profitability, adding to the overall structural advantage.
Growth
Both look solid on growth, though QXO, Inc. still holds the stronger peer position.
Profitability — Dominant Gap
OKE
42
QXO
0
Gap+42in favour of OKE

The profitability lead is mainly driven by a 19-point operating margin advantage.

What keeps the gap from being one-sided

QXO still pushes back on growth by a very wide margin, which keeps the read from becoming one-way.

What this means for the comparison

The profitability edge is decisive, even though current pricing and growth still lean somewhat toward QXO, Inc..

Explore full peer positioning in AssetNext

Break down the OKE vs QXO comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how OKE and QXO each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.