FUNDAMENTAL ANALYSIS
OKE
Oneok
FUNDAMENTAL RATING
FUNDAMENTAL SCORE
48 / 100
Summary
Oneok reports a low Altman Z-score of 1.63, which sits below the distress threshold of 1.81 and raises near-term solvency questions for the business. The company has compounded revenue at 14.5% a year (CAGR, or compound annual growth rate) and net income at 25.4% a year over three years, and the most recent annual revenue rose 55.0% while annual net income rose 11.8% (latest annual YoY). The most recent quarter posted $966M in net income, up 24.8% QoQ (quarter-over-quarter), which confirms recent quarterly improvement. The Piotroski F-Score of 6 on a 0 to 9 quality scale is a mixed earnings-quality reading. The price-to-earnings ratio of 17.65 is below the S&P 500 average of roughly 22 to 25 and does not demand aggressive growth expectations. The next earnings report must show whether net income growth reaccelerates and whether solvency metrics, including the Altman Z-score, improve above 1.81.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown
6/9 · Neutral
Profitability — Net income positive this fiscal year
Pass
Return on Assets — Return on Assets improved year-over-year
Pass
Cash flow positive — Cash from operations positive this fiscal year
Pass
Earnings quality — Cash from operations exceeds net income
Pass
Leverage down — Long-term debt / total assets improved
Pass
Liquidity up — Current ratio improved year-over-year
Fail
No share dilution — Share count did not increase year-over-year
Fail
Margin up — Gross margin expanded year-over-year
N/A
Asset efficiency — Asset turnover improved year-over-year
Pass
Data Source
This dashboard applies a modified 9-signal Piotroski F-Score (Piotroski, 2000) and Altman Z-Score models. Fundamental filing data is sourced from the SEC's EDGAR XBRL database (primary), with API Ninjas as backup for freshly-filed 10-Ks not yet in SEC. Live price, market cap, and EPS display use Tiingo end-of-day data. This page is informational analysis, not investment advice. See Financial Disclaimer.
Recent Filings
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 20% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 40% of the score.
Rating ruleFormula: Trend (20%) + Piotroski F-Score (40%) + Altman Z-Score (40%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between. Missing sub-signals count as Neutral (0) and weights are not re-normalized — a company with fewer available signals must earn its rating from stronger reads on the remaining pillars.