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ONEOK vs QXO: Which Stock Looks Stronger in 2026?

The structural profiles are close, with ONEOK carrying a narrow edge on growth. QXO still leads on growth and stability, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — ONEOK holds the more constructive position. That puts structure and market broadly in agreement — ONEOK's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-07-05

On growth, the clearer edge sits with QXO, Inc., while the overall score remains tighter and points the other way.

Trajectory Similarity
0.69
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.
57
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
QXO
QXO, Inc.
56
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

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

The clearest separation appears in growth.

Dimension spread: OKE vs QXO Profitability 35 4 Stability 38 55 Valuation 84 78 Growth 66 100 OKE QXO
Gap Ranking
#1 Growth +34
#2 Profitability +31
#3 Stability +17
#4 Valuation +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 structural gap is limited here, but current pricing still leans against QXO, Inc..

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

Entry today — historical context

Where OKE and QXO each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY OKE Elevated · below norm 0th 50th 100th 71 pct gap QXO Lower · below norm 0th 50th 100th 88th 17th
Today QXO sits in the lower portion of its own 5-year history (17th percentile), while OKE sits higher in its own history (88th). Within each stock's own 5-year context, QXO is at a historically more favourable entry position than OKE. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Both look solid on growth, though QXO, Inc. still holds the stronger peer position.
Profitability
Both sit in the weaker half on profitability, with ONEOK, Inc. still coming out ahead.
Growth — Dominant Gap
OKE
66
QXO
100
Gap+34in favour of QXO

The clearest distance comes from a stronger growth profile.

What keeps the gap from being one-sided

A meaningful counterforce remains in stability, which keeps the comparison from looking completely one-sided.

What this means for the comparison

Growth points one way, even though the overall score still points the other way.

Explore full peer positioning in AssetNext

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

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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.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

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.