Oklahoma Inc. 2019: How the rankings are calculated
The Oklahoma Inc. rankings this year reflect a steady — but not blustering — economy that has rewarded stable industries populated with pipeline and services companies.
Oil and natural gas prices stalled during the year, driving many of last year's top companies to the bottom of the 2019 list.
This is the 23rd year The Oklahoman has worked with S&P Capital IQ to compile numbers using a system aimed at evaluating profitable growth.
Our list ranks companies on three measures, and the methodology rewards companies that grow quickly, increase profitability and benefit shareholders. Those with the best composite score of the three rankings rise to the top.
Generally, it's difficult for a company to excel in all three categories. Only two companies this year finished in the top 10 in all three categories — NGL Energy Partners LP and Matrix Service Co.
NGL was the clear winner on this year's list by landing in the top five on two categories and No. 8 on the third.
Standard & Poor's began assembling Oklahoma Inc. earlier this year by gathering the financial data that all publicly held companies in Oklahoma regularly file with regulators. The data are compiled for each company's two most recent fiscal years.
To measure growth, S&P ranked each company according to how quickly its revenues grew in the year ending June 30.
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To gauge profitability, each company was ranked according to its percentage change in earnings per share over the 12-month period.
The Oklahoma Inc. rankings also consider how companies rewarded shareholders over the year, ranking changes in share price, including dividends.
Like last year, seven of this year's top 10 ranked companies were energy firms. But while last year's list was dominated by oil producers, most of this year's top 10 are pipeline and oil field services companies.
Not all energy companies benefited equally. While energy firms claimed seven of the top 10 slots, the energy sector also represents all of the bottom seven slots, including four companies that were in last year's top six.