Energy Transfer LP (ET) vs Kinder Morgan, Inc. (KMI)
ET leads on 11 of 17 compared metrics.
A side-by-side comparison of Energy Transfer LP and Kinder Morgan, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — ET vs KMI
growth of $100 · last 15yET +96.9%KMI +4.8%ET compounded faster
ET KMI
ET vs KMI: by the numbers
- •KMI is the larger company ($71.90B vs $66.14B market cap).
- •ET trades at the lower earnings multiple (14.34 vs 21.84 P/E).
- •KMI converts more revenue to profit (18.92% vs 5.41% net margin).
- •ET grew revenue faster over the past five years (15.06% vs 4.10% CAGR).
- •ET pays the higher dividend yield (6.95% vs 3.61%).
Which is better, ET or KMI?
Metric tally: ET 11 · KMI 6It depends on what you're optimizing for:
ValueET(lower P/E)
GrowthET(faster 5Y revenue CAGR)
IncomeET(higher dividend yield)
QualityET(higher ROIC)
Metrics side by side
Valuation
| Metric | ET | KMI |
|---|---|---|
| P/E ratio | 14.34● | 21.84 |
| Forward P/E | 12.09● | 21.68 |
| P/S ratio | 0.74● | 4.13 |
| P/B ratio | 1.93● | 2.31 |
| PEG ratio | 2.23 | 1.17● |
| EV / EBITDA | 9.30● | 13.31 |
| FCF yield | 5.50%● | 5.37% |
Profitability
| Metric | ET | KMI |
|---|---|---|
| Gross margin | 22.91% | 46.95%● |
| Operating margin | 11.11% | 28.61%● |
| Net margin | 5.41% | 18.92%● |
| ROE | 14.02%● | 10.58% |
| ROIC | 7.17%● | 5.33% |
Dividends
| Metric | ET | KMI |
|---|---|---|
| Dividend yield | 6.95%● | 3.61% |
| Payout ratio | 98.16% | 85.77% |
Growth (annualized)
| Metric | ET | KMI |
|---|---|---|
| Revenue CAGR (5Y) | 15.06%● | 4.10% |
| EPS CAGR (5Y) | 0.25% | 96.49%● |
| FCF CAGR (5Y) | -11.11% | -0.53%● |
| Total return CAGR (5Y) | 21.42%● | 18.49% |
Frequently asked
- Which is better, ET or KMI?
- It depends on your goal. value: ET (lower P/E); growth: ET (faster 5Y revenue CAGR); income: ET (higher dividend yield); quality: ET (higher ROIC). Across all compared metrics, ET leads 11 to 6.
- Is ET or KMI cheaper?
- On trailing earnings, ET is cheaper: ET trades at a 14.34 P/E and KMI at 21.84.
- Which has grown faster, ET or KMI?
- Over the past five years, ET grew revenue faster — ET at a 15.06% CAGR versus KMI at 4.10%.
- Does ET or KMI pay a bigger dividend?
- ET yields 6.95% and KMI yields 3.61% based on trailing dividends and the latest price.
- Is ET or KMI more profitable?
- KMI runs the higher net margin — ET at 5.41% versus KMI at 18.92%.
- Which has been the better investment, ET or KMI?
- Over the past 10-year, ET delivered the higher annualized total return — ET at 11.87% versus KMI at 11.56%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Energy Transfer LP P/E ratioKinder Morgan P/E ratioEnergy Transfer LP dividend yieldKinder Morgan dividend yieldEnergy Transfer LP ROEKinder Morgan ROEEnergy Transfer LP operating marginKinder Morgan operating marginEnergy Transfer LP revenue growthKinder Morgan revenue growthEnergy Transfer LP free cash flowKinder Morgan free cash flow
Energy Transfer LP & Kinder Morgan appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 24, 2026.