Kinder Morgan, Inc. (KMI) vs ONEOK, Inc. (OKE)
A side-by-side comparison of Kinder Morgan, Inc. and ONEOK, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 3, 2026. Differences are shown without an overall score or investment verdict.
KMI
Kinder Morgan, Inc.
$31.07EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
OKE
ONEOK, Inc.
$87.88EnergyDelayed quote: Oct 2, 2026, 4:00 PM EDT
Total return — KMI vs OKE
growth of $100 · dividends reinvested · last 10yKMI +132.7% (+8.8%/yr)OKE +215.2% (+12.2%/yr)OKE compounded faster over this window
KMI OKE
KMI vs OKE: by the numbers
- •KMI is the larger company ($69.19B vs $55.38B market cap).
- •OKE trades at the lower trailing earnings multiple (15.15 vs 19.92 P/E), one valuation lens rather than an overall verdict.
- •KMI converts more revenue to profit (19.31% vs 9.29% net margin).
- •OKE grew revenue faster over the past five years (27.55% vs 3.56% CAGR).
- •OKE pays the higher dividend yield (4.82% vs 3.80%).
Metrics side by side
Valuation
| Metric | KMI | OKE |
|---|---|---|
| P/E ratio | 19.92 | 15.15 |
| Forward P/E | 20.20 | 15.39 |
| PEG ratio | 0.21 | 0.49 |
| P/S ratio | 3.85 | 1.41 |
| P/B ratio | 2.19 | 2.41 |
| EV / EBITDA | 13.17 | 10.02 |
| FCF yield | 5.59% | 5.25% |
Profitability
| Metric | KMI | OKE |
|---|---|---|
| Gross margin | 43.66% | 21.83% |
| Operating margin | 29.04% | 18.48% |
| Net margin | 19.31% | 9.29% |
| ROE | 10.96% | 15.95% |
| ROIC | 5.72% | 8.77% |
Dividends
| Metric | KMI | OKE |
|---|---|---|
| Dividend yield | 3.80% | 4.82% |
| Payout ratio | 75.64% | 73.10% |
Growth (annualized)
| Metric | KMI | OKE |
|---|---|---|
| Revenue CAGR (5Y) | 3.56% | 27.55% |
| EPS CAGR (5Y) | 96.49% | 30.77% |
| FCF CAGR (5Y) | 2.53% | 18.10% |
| Total return CAGR (5Y) | 19.21% | 14.17% |
Frequently asked
- Which has the lower trailing P/E, KMI or OKE?
- OKE has the lower trailing P/E: KMI trades at 19.92 and OKE at 15.15. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, KMI or OKE?
- Over the past five years, OKE grew revenue faster — KMI at a 3.56% CAGR versus OKE at 27.55%.
- Does KMI or OKE pay a bigger dividend?
- KMI yields 3.80% and OKE yields 4.82% based on trailing dividends and the latest price.
- Is KMI or OKE more profitable?
- KMI runs the higher net margin — KMI at 19.31% versus OKE at 9.29%.
- How have KMI and OKE total returns compared?
- Over the past 10 years, KMI delivered 8.39% and OKE delivered 12.13% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Kinder Morgan P/E ratioONEOK P/E ratioKinder Morgan dividend yieldONEOK dividend yieldKinder Morgan ROEONEOK ROEKinder Morgan operating marginONEOK operating marginKinder Morgan revenue growthONEOK revenue growthKinder Morgan free cash flowONEOK free cash flow
Kinder Morgan & ONEOK 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 October 3, 2026.