Oneok, Inc. (OKE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OKE SEC filings page.
Oneok, Inc. (OKE) reported $39.4B in revenue over the twelve months to Jun 30, 2026, up 40.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
ONEOK's expansion enlarged its asset base and debt burden, while FY2025 investment consumed more cash despite higher operating earnings.
Operating cash flow rose to$5.6B while free cash flow fell to$2.4B ; the gap indicates reinvestment, not weak cash collection, drove the deterioration. Capital expenditures reached$3.2B , up from$2.0B in FY2024, so more operating cash was absorbed by expansion and less remained as discretionary cash.
Debt-to-equity fell from 1.8x in FY2024 to 1.4x in FY2025 as equity increased, so the asset expansion was not funded solely by adding debt. Yet the current ratio remained 0.7x, meaning current assets were below current liabilities and growth is supported by a heavier financing structure rather than a light balance sheet.
Revenue reached
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Oneok, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Oneok, Inc. has an operating margin of 17.1%, meaning the company retains $17 of operating profit per $100 of revenue. This strong profitability earns a score of 71/100, reflecting efficient cost management and pricing power. This is down from 23.0% the prior year.
Oneok, Inc.'s revenue surged 55.0% year-over-year to $33.6B, reflecting rapid business expansion. This strong growth earns a score of 93/100.
Oneok, Inc. has elevated debt relative to equity (D/E of 1.37), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 12/100, reflecting increased financial risk.
Oneok, Inc.'s current ratio of 0.71 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Oneok, Inc. converts 7.3% of revenue into free cash flow ($2.4B). This strong cash generation earns a score of 74/100.
Oneok, Inc. earns a strong 15.1% return on equity (ROE), meaning it generates $15 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 71/100. This is down from 17.8% the prior year.
Oneok, Inc. scores 1.59, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Oneok, Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Oneok, Inc. generates $1.65 in operating cash flow ($5.6B OCF vs $3.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Oneok, Inc. earns $3.22 in operating income for every $1 of interest expense ($5.7B vs $1.8B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Oneok, Inc. generated $12.0B in revenue in Q2 2026. This represents an increase of 52.8% from the same quarter a year earlier. Against the prior quarter it is up 25.3%.
Oneok, Inc.'s EBITDA was $2.0B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.1% from the same quarter a year earlier. Against the prior quarter it is up 9.6%.
Oneok, Inc. reported $966.0M in net income in Q2 2026. This represents an increase of 14.9% from the same quarter a year earlier. Against the prior quarter it is up 24.8%.
Oneok, Inc. earned $1.53 per diluted share (EPS) in Q2 2026. This represents an increase of 14.2% from the same quarter a year earlier. Against the prior quarter it is up 24.4%.
Cash & Balance Sheet
Oneok, Inc. generated $1.4B in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 85.6% from the same quarter a year earlier. Against the prior quarter it is up 1957.1%.
Oneok, Inc. held $161.0M in cash against $30.8B in long-term debt as of Q2 2026.
Oneok, Inc. paid $1.07 per share in dividends in Q2 2026. This represents an increase of 3.9% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Oneok, Inc.'s gross margin was 23.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 8.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.4 percentage points.
Oneok, Inc.'s operating margin was 13.2% in Q2 2026, reflecting core business profitability. This is down 4.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.6 percentage points.
Oneok, Inc.'s net profit margin was 8.0% in Q2 2026, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Oneok, Inc.'s ROE was 4.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Capital Allocation
Oneok, Inc. invested $613.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 18.2% from the same quarter a year earlier. Against the prior quarter it is down 29.1%.
Not reported for Q2 2026.
Not reported for Q2 2026.
OKE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0B+52.8% | $9.6B+19.6% | $9.1B+29.5% | $8.6B+71.9% | $7.9B+61.2% | $8.0B+68.2% | $7.0B+33.7% | $5.0B+19.9% |
| Cost of Revenue | $9.2B+72.4% | $7.1B+24.7% | $6.4B+42.3% | $6.0B+97.0% | $5.4B+85.4% | $5.7B+95.2% | $4.5B+36.2% | $3.0B+8.1% |
| Gross Profit | $2.8B+11.1% | $2.6B+7.4% | $2.7B+6.6% | $2.7B+33.9% | $2.5B+26.2% | $2.4B+26.8% | $2.5B+29.5% | $2.0B+43.6% |
| Operating Income | $1.6B+11.3% | $1.4B+17.0% | $1.5B-2.3% | $1.6B+38.1% | $1.4B+16.4% | $1.2B+14.7% | $1.6B+42.7% | $1.1B+52.6% |
| EBITDA | $2.0B+10.1% | $1.8B+12.9% | $1.9B+0.4% | $1.9B+38.1% | $1.8B+20.7% | $1.6B+21.4% | $1.9B+40.7% | $1.4B+53.1% |
| Interest Expense | $434.0M-0.9% | $439.0M-0.7% | $453.0M+1.1% | $450.0M+38.5% | $438.0M+47.0% | $442.0M+47.3% | $448.0M+46.9% | $325.0M+51.2% |
| Income Tax | $299.0M+15.0% | $245.0M+24.4% | $274.0M-16.5% | $297.0M+35.6% | $260.0M+7.0% | $197.0M-5.3% | $328.0M+47.7% | $219.0M+55.3% |
| Net Income | $966.0M+14.9% | $774.0M+21.7% | $977.0M+5.9% | $939.0M+35.5% | $841.0M+7.8% | $636.0M-0.5% | $923.0M+34.2% | $693.0M+52.6% |
| EPS (Basic) | $1.53+14.2% | $1.23+18.3% | $1.55-1.9% | $1.49+26.3% | $1.34+0.8% | $1.04-4.6% | $1.58+41.1% | $1.18+19.2% |
| EPS (Diluted) | $1.53+14.2% | $1.23+18.3% | $1.55-1.3% | $1.49+26.3% | $1.34+0.8% | $1.04-4.6% | $1.57+40.2% | $1.18+19.2% |
| Diluted Shares (Avg) | 632M+0.6% | 632M+3.1% | N/A | 632M+7.6% | 628M+7.2% | 613M+4.6% | N/A | 587M+28.0% |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
OKE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $68.5B+6.2% | $68.2B+6.1% | $66.6B+4.0% | $66.6B+30.5% | $64.5B+44.9% | $64.3B+44.8% | $64.1B+44.7% | $51.0B+16.2% |
| Current Assets | $5.3B+36.3% | $5.5B+34.7% | $4.5B+5.9% | $5.2B+80.3% | $3.9B+57.4% | $4.1B+39.5% | $4.2B+36.4% | $2.9B-9.8% |
| Cash & Equivalents | $161.0M+66.0% | $172.0M+22.0% | $78.0M-89.4% | $1.2B+107.1% | $97.0M+169.4% | $141.0M+116.9% | $733.0M+116.9% | $579.0M+103.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.1B+23.1% | $1.1B+25.5% | $948.0M+26.7% | $871.0M+41.4% | $858.0M+27.9% | $905.0M+13.4% | $748.0M+17.1% | $616.0M-29.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $8.1B-0.5% | $8.1B-0.4% | $8.1B-0.4% | $8.1B+57.5% | $8.1B+58.4% | $8.1B+60.1% | $8.1B+63.4% | $5.1B-9.4% |
| Total Liabilities | $45.6B+6.8% | $45.8B+6.9% | $44.2B-6.1% | $44.5B+30.4% | $42.7B+53.4% | $42.9B+53.5% | $47.0B+69.3% | $34.2B+23.6% |
| Current Liabilities | $7.2B+8.4% | $7.8B+26.3% | $6.4B+34.9% | $5.7B+61.2% | $6.6B+67.0% | $6.2B+47.4% | $4.7B+36.7% | $3.6B+7.9% |
| Non-Current Liabilities | $38.4B+6.5% | $38.0B+3.6% | $37.8B-10.7% | $38.8B+26.8% | $36.0B+51.2% | $36.7B+54.6% | $42.3B+73.9% | $30.6B+25.7% |
| Long-Term Debt | $30.8B+3.9% | $30.8B+3.3% | $30.8B-0.8% | $32.0B+19.0% | $29.6B+45.7% | $29.8B+45.6% | $31.0B+46.4% | $26.9B+25.3% |
| Total Equity | $22.9B+5.1% | $22.4B+4.6% | $22.5B+32.0% | $22.1B+30.8% | $21.8B+30.6% | $21.4B+29.9% | $17.0B+3.3% | $16.9B+3.6% |
| Retained Earnings | $2.8B+56.3% | $2.5B+57.4% | $2.4B+50.3% | $2.0B+65.6% | $1.8B+56.7% | $1.6B+69.3% | $1.6B+81.9% | $1.2B+67.8% |
Not reported in any period shown, so not listed: Accounts Receivable.
OKE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1B+34.6% | $934.0M+3.3% | $1.5B-4.0% | $1.6B+29.8% | $1.5B+6.6% | $904.0M+51.7% | $1.6B+6.8% | $1.3B+36.0% |
| Depreciation & Amortization | $387.0M+5.2% | $378.0M-0.5% | $388.0M+12.8% | $378.0M+38.0% | $368.0M+40.5% | $380.0M+49.6% | $344.0M+32.3% | $274.0M+54.8% |
| Capital Expenditures | $613.0M-18.2% | $864.0M+37.4% | $970.0M+72.6% | $804.0M+71.8% | $749.0M+56.4% | $629.0M+22.9% | $562.0M-6.8% | $468.0M+17.6% |
| Free Cash Flow | $1.4B+85.6% | $70.0M-74.5% | $576.0M-45.1% | $820.0M+4.7% | $776.0M-18.4% | $275.0M+227.4% | $1.0B+15.9% | $783.0M+50.0% |
| Investing Cash Flow | -$782.0M+3.9% | -$1.0B-45.1% | -$1.1B+76.8% | -$1.1B-127.7% | -$814.0M-7.7% | -$694.0M-20.1% | -$4.8B-641.1% | -$498.0M+90.8% |
| Financing Cash Flow | -$1.3B-69.8% | $167.0M+120.8% | -$1.6B+39.2% | $612.0M-89.2% | -$755.0M-7.4% | -$802.0M-175.6% | -$2.6B-216.7% | $5.7B+21.7% |
| Dividends Paid | $674.0M+4.7% | $674.0M+4.8% | $648.0M+11.9% | $648.0M+12.1% | $644.0M+11.4% | $643.0M+11.2% | $579.0M+4.1% | $578.0M+35.0% |
| Share Buybacks | N/A | N/A | $45.0M-71.7% | $0 | $0 | $30.0M | $159.0M | $0 |
Not reported in any period shown, so not listed: Stock-Based Compensation.
OKE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.3%-8.7pp | 26.7%-3.0pp | 29.4%-6.3pp | 30.9%-8.8pp | 32.0%-8.9pp | 29.7%-9.7pp | 35.8%-1.2pp | 39.7%+6.6pp |
| Operating Margin | 13.2%-4.9pp | 14.8%-0.3pp | 16.9%-5.5pp | 18.0%-4.4pp | 18.1%-7.0pp | 15.2%-7.1pp | 22.4%+1.4pp | 22.5%+4.8pp |
| Net Margin | 8.0%-2.6pp | 8.1%+0.1pp | 10.8%-2.4pp | 10.9%-2.9pp | 10.7%-5.3pp | 7.9%-5.5pp | 13.2%+0.1pp | 13.8%+3.0pp |
| Return on Equity | 4.2%+0.4pp | 3.5%+0.5pp | 4.3%-1.1pp | 4.3%+0.2pp | 3.9%-0.8pp | 3.0%-0.9pp | 5.4%+1.2pp | 4.1%+1.3pp |
| Return on Assets | 1.4%+0.1pp | 1.1%+0.1pp | 1.5%0.0pp | 1.4%+0.1pp | 1.3%-0.5pp | 1.0%-0.4pp | 1.4%-0.1pp | 1.4%+0.3pp |
| Current Ratio | 0.74+0.2x | 0.710.0x | 0.71-0.2x | 0.90+0.1x | 0.590.0x | 0.670.0x | 0.900.0x | 0.81-0.2x |
| Debt-to-Equity | 1.340.0x | 1.380.0x | 1.37-0.5x | 1.45-0.1x | 1.36+0.1x | 1.39+0.2x | 1.82+0.5x | 1.59+0.3x |
| Asset Turnover | 0.18+0.1x | 0.140.0x | 0.140.0x | 0.130.0x | 0.120.0x | 0.130.0x | 0.110.0x | 0.100.0x |
| FCF Margin | 11.9%+2.1pp | 0.7%-2.7pp | 6.3%-8.6pp | 9.5%-6.1pp | 9.8%-9.6pp | 3.4%+1.7pp | 15.0%-2.3pp | 15.6%+3.1pp |
Note: The current ratio is below 1.0 (0.71), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Oneok, Inc. OKE | FY2025 | $33.6B | $3.4B | 10.1% | $58.0B | 56/100 |
| MPLX LP MPLX | FY2025 | $13.0B | $5.0B | 38.1% | $57.7B | 71/100 |
| Targa Resources Corp. TRGP | FY2025 | $17.0B | $1.9B | 11.3% | $62.8B | 45/100 |
| Kinder Morgan, Inc. KMI | FY2025 | $16.9B | $3.1B | 18.0% | $74.4B | 52/100 |
| Enterprise Products Partners L.P. EPD | FY2025 | $52.6B | $5.8B | 11.1% | $77.8B | 52/100 |
Where Oneok, Inc. Ranks
Frequently Asked Questions
What is Oneok, Inc.'s annual revenue?
Oneok, Inc. (OKE) reported $33.6B in total revenue for fiscal year 2025. This represents a 55.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Oneok, Inc.'s revenue growing?
Oneok, Inc. (OKE) revenue grew by 55.0% year-over-year, from $21.7B to $33.6B in fiscal year 2025.
Is Oneok, Inc. profitable?
Yes, Oneok, Inc. (OKE) reported a net income of $3.4B in fiscal year 2025, with a net profit margin of 10.1%.
What is Oneok, Inc.'s EBITDA?
Oneok, Inc. (OKE) had EBITDA of $7.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Oneok, Inc. have?
As of fiscal year 2025, Oneok, Inc. (OKE) had $78.0M in cash and equivalents against $30.8B in long-term debt.
What is Oneok, Inc.'s gross margin?
Oneok, Inc. (OKE) had a gross margin of 30.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Oneok, Inc.'s operating margin?
Oneok, Inc. (OKE) had an operating margin of 17.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Oneok, Inc.'s net profit margin?
Oneok, Inc. (OKE) had a net profit margin of 10.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Oneok, Inc. pay dividends?
Yes, Oneok, Inc. (OKE) paid $4.12 per share in dividends during fiscal year 2025.
What is Oneok, Inc.'s return on equity (ROE)?
Oneok, Inc. (OKE) has a return on equity of 15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Oneok, Inc.'s free cash flow?
Oneok, Inc. (OKE) generated $2.4B in free cash flow during fiscal year 2025. This represents a -14.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Oneok, Inc.'s operating cash flow?
Oneok, Inc. (OKE) generated $5.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Oneok, Inc.'s total assets?
Oneok, Inc. (OKE) had $66.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Oneok, Inc.'s capital expenditures?
Oneok, Inc. (OKE) invested $3.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Oneok, Inc.'s current ratio?
Oneok, Inc. (OKE) had a current ratio of 0.71 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Oneok, Inc.'s debt-to-equity ratio?
Oneok, Inc. (OKE) had a debt-to-equity ratio of 1.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oneok, Inc.'s return on assets (ROA)?
Oneok, Inc. (OKE) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Oneok, Inc.'s P/E ratio?
Oneok, Inc. (OKE) trades at 15.9x earnings, its market capitalization divided by net income of $3.7B net income, trailing 12 months to June 30, 2026. The market capitalization is $58.0B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Oneok, Inc.'s price-to-sales ratio?
Oneok, Inc. (OKE) trades at 1.5x sales, its market capitalization divided by revenue of $39.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $58.0B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Oneok, Inc.'s Altman Z-Score?
Oneok, Inc. (OKE) has an Altman Z-Score of 1.59, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Oneok, Inc.'s Piotroski F-Score?
Oneok, Inc. (OKE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Oneok, Inc.'s earnings high quality?
Oneok, Inc. (OKE) has an earnings quality ratio of 1.65x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Oneok, Inc. cover its interest payments?
Oneok, Inc. (OKE) has an interest coverage ratio of 3.22x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Oneok, Inc.?
Oneok, Inc. (OKE) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.