Which has the lower trailing P/E, KMI or MPLX?

MPLX has the lower trailing P/E: KMI trades at 20.13 and MPLX at 12.34. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, KMI or MPLX?

Over the past five years, MPLX grew revenue faster — KMI at a 3.56% CAGR versus MPLX at 7.97%.

Does KMI or MPLX pay a bigger dividend?

KMI yields 3.76% and MPLX yields 7.51% based on trailing dividends and the latest price.

Is KMI or MPLX more profitable?

MPLX runs the higher net margin — KMI at 19.31% versus MPLX at 36.75%.

How have KMI and MPLX total returns compared?

Over the past 10 years, KMI delivered 8.87% and MPLX delivered 15.85% annualized total return. Past performance doesn't predict future results.

Kinder Morgan, Inc. (KMI) vs MPLX Lp (MPLX)

A side-by-side comparison of Kinder Morgan, Inc. and MPLX Lp across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

KMI

Kinder Morgan, Inc.

$69.94B

$31.41EnergyDelayed quote: Oct 5, 2026, 4:00 PM EDT

MPLX

MPLX Lp

$58.22B

$57.37EnergyDelayed quote: Oct 5, 2026, 4:00 PM EDT

Total return — KMI vs MPLX

growth of $100 · dividends reinvested · last 10y

KMI +135.2% (+8.9%/yr)MPLX +346.1% (+16.1%/yr)MPLX compounded faster over this window

KMI MPLX

KMI vs MPLX: by the numbers

•KMI is the larger company ($69.94B vs $58.22B market cap).
•MPLX trades at the lower trailing earnings multiple (12.34 vs 20.13 P/E), one valuation lens rather than an overall verdict.
•MPLX converts more revenue to profit (36.75% vs 19.31% net margin).
•MPLX grew revenue faster over the past five years (7.97% vs 3.56% CAGR).
•MPLX pays the higher dividend yield (7.51% vs 3.76%).

Metrics side by side

Valuation

Metric	KMI	MPLX
P/E ratio	20.13	12.34
Forward P/E	20.42	13.40
PEG ratio	0.21	N/A
P/S ratio	3.89	4.52
P/B ratio	2.21	4.15
EV / EBITDA	13.27	11.95
FCF yield	5.53%	5.73%

Profitability

Metric	KMI	MPLX
Gross margin	43.66%	52.17%
Operating margin	29.04%	42.91%
Net margin	19.31%	36.75%
ROE	10.96%	33.77%
ROIC	5.72%	13.47%

Dividends

Metric	KMI	MPLX
Dividend yield	3.76%	7.51%
Payout ratio	75.64%	92.60%

Growth (annualized)

Metric	KMI	MPLX
Revenue CAGR (5Y)	3.56%	7.97%
EPS CAGR (5Y)	96.49%	N/A
FCF CAGR (5Y)	2.53%	4.20%
Total return CAGR (5Y)	19.47%	24.94%

Some values include inputs from SEC filing.

Frequently asked

Which has the lower trailing P/E, KMI or MPLX?: MPLX has the lower trailing P/E: KMI trades at 20.13 and MPLX at 12.34. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, KMI or MPLX?: Over the past five years, MPLX grew revenue faster — KMI at a 3.56% CAGR versus MPLX at 7.97%.
Does KMI or MPLX pay a bigger dividend?: KMI yields 3.76% and MPLX yields 7.51% based on trailing dividends and the latest price.
Is KMI or MPLX more profitable?: MPLX runs the higher net margin — KMI at 19.31% versus MPLX at 36.75%.
How have KMI and MPLX total returns compared?: Over the past 10 years, KMI delivered 8.87% and MPLX delivered 15.85% annualized total return. Past performance doesn't predict future results.

Go deeper

Full KMI analysis Full MPLX analysis Interactive comparison tool

Dig into the metrics

Kinder Morgan P/E ratio MPLX Lp P/E ratio Kinder Morgan dividend yield MPLX Lp dividend yield Kinder Morgan ROE MPLX Lp ROE Kinder Morgan operating margin MPLX Lp operating margin Kinder Morgan revenue growth MPLX Lp revenue growth Kinder Morgan free cash flow MPLX Lp free cash flow

Kinder Morgan & MPLX Lp appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 October 6, 2026.