Kinder Morgan, Inc. (KMI) vs Phillips 66 (PSX)
KMI leads on 9 of 16 compared metrics, though PSX is the cheaper stock.
A side-by-side comparison of Kinder Morgan, Inc. and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — KMI vs PSX
growth of $100 · last 14yKMI -16.3%PSX +395.3%PSX compounded faster
Log scale — wide-divergence pair
KMI PSX
KMI vs PSX: by the numbers
- •KMI is the larger company ($71.75B vs $67.52B market cap).
- •PSX trades at the lower earnings multiple (16.59 vs 21.64 P/E).
- •KMI converts more revenue to profit (18.92% vs 3.04% net margin).
- •PSX grew revenue faster over the past five years (15.79% vs 4.10% CAGR).
- •KMI pays the higher dividend yield (3.64% vs 2.93%).
Which is better, KMI or PSX?
Metric tally: KMI 9 · PSX 7It depends on what you're optimizing for:
ValuePSX(lower P/E)
GrowthPSX(faster 5Y revenue CAGR)
IncomeKMI(higher dividend yield)
QualityKMI(higher ROIC)
Metrics side by side
Valuation
| Metric | KMI | PSX |
|---|---|---|
| P/E ratio | 21.64 | 16.59● |
| Forward P/E | 21.49 | 9.79● |
| P/S ratio | 4.09 | 0.50● |
| P/B ratio | 2.29● | 2.38 |
| PEG ratio | 1.17 | 0.10● |
| EV / EBITDA | 13.23 | 9.78● |
| FCF yield | 5.42%● | 0.18% |
Profitability
| Metric | KMI | PSX |
|---|---|---|
| Gross margin | 46.95%● | 7.04% |
| Operating margin | 28.61%● | 4.67% |
| Net margin | 18.92%● | 3.04% |
| ROE | 10.58% | 14.45%● |
| ROIC | 5.33%● | 4.75% |
Dividends
| Metric | KMI | PSX |
|---|---|---|
| Dividend yield | 3.64%● | 2.93% |
| Payout ratio | 85.77% | 45.57% |
Growth (annualized)
| Metric | KMI | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 4.10% | 15.79%● |
| EPS CAGR (5Y) | 96.49%● | 8.08% |
| FCF CAGR (5Y) | -0.53%● | -16.26% |
| Total return CAGR (5Y) | 18.50% | 18.28% |
Frequently asked
- Which is better, KMI or PSX?
- It depends on your goal. value: PSX (lower P/E); growth: PSX (faster 5Y revenue CAGR); income: KMI (higher dividend yield); quality: KMI (higher ROIC). Across all compared metrics, KMI leads 9 to 7.
- Is KMI or PSX cheaper?
- On trailing earnings, PSX is cheaper: KMI trades at a 21.64 P/E and PSX at 16.59.
- Which has grown faster, KMI or PSX?
- Over the past five years, PSX grew revenue faster — KMI at a 4.10% CAGR versus PSX at 15.79%.
- Does KMI or PSX pay a bigger dividend?
- KMI yields 3.64% and PSX yields 2.93% based on trailing dividends and the latest price.
- Is KMI or PSX more profitable?
- KMI runs the higher net margin — KMI at 18.92% versus PSX at 3.04%.
- Which has been the better investment, KMI or PSX?
- Over the past 10-year, PSX delivered the higher annualized total return — KMI at 11.22% versus PSX at 11.91%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Kinder Morgan P/E ratioPhillips 66 P/E ratioKinder Morgan dividend yieldPhillips 66 dividend yieldKinder Morgan ROEPhillips 66 ROEKinder Morgan operating marginPhillips 66 operating marginKinder Morgan revenue growthPhillips 66 revenue growthKinder Morgan free cash flowPhillips 66 free cash flow
Kinder Morgan & Phillips 66 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 23, 2026.