Kinder Morgan, Inc. (KMI) vs Targa Resources Corp. (TRGP)
KMI leads on 10 of 16 compared metrics.
A side-by-side comparison of Kinder Morgan, Inc. and Targa Resources Corp. 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 TRGP
growth of $100 · last 15yKMI +3.9%TRGP +752.7%TRGP compounded faster
Log scale — wide-divergence pair
KMI TRGP
KMI vs TRGP: by the numbers
- •KMI is the larger company ($71.75B vs $56.78B market cap).
- •KMI trades at the lower earnings multiple (21.64 vs 26.94 P/E).
- •KMI converts more revenue to profit (18.92% vs 12.98% net margin).
- •TRGP grew revenue faster over the past five years (10.04% vs 4.10% CAGR).
- •KMI pays the higher dividend yield (3.64% vs 1.61%).
Which is better, KMI or TRGP?
Metric tally: KMI 10 · TRGP 6It depends on what you're optimizing for:
ValueKMI(lower P/E)
GrowthTRGP(faster 5Y revenue CAGR)
IncomeKMI(higher dividend yield)
QualityTRGP(higher ROIC)
Metrics side by side
Valuation
| Metric | KMI | TRGP |
|---|---|---|
| P/E ratio | 21.64● | 26.94 |
| Forward P/E | 21.49 | 21.54 |
| P/S ratio | 4.09 | 3.47● |
| P/B ratio | 2.29● | 18.13 |
| PEG ratio | 1.17 | 0.45● |
| EV / EBITDA | 13.23● | 15.26 |
| FCF yield | 5.42%● | 0.46% |
Profitability
| Metric | KMI | TRGP |
|---|---|---|
| Gross margin | 46.95%● | 29.88% |
| Operating margin | 28.61%● | 21.11% |
| Net margin | 18.92%● | 12.98% |
| ROE | 10.58% | 67.76%● |
| ROIC | 5.33% | 12.07%● |
Dividends
| Metric | KMI | TRGP |
|---|---|---|
| Dividend yield | 3.64%● | 1.61% |
| Payout ratio | 85.77% | 49.77% |
Growth (annualized)
| Metric | KMI | TRGP |
|---|---|---|
| Revenue CAGR (5Y) | 4.10% | 10.04%● |
| EPS CAGR (5Y) | 96.49%● | 22.85% |
| FCF CAGR (5Y) | -0.53%● | -27.03% |
| Total return CAGR (5Y) | 18.50% | 45.22%● |
Frequently asked
- Which is better, KMI or TRGP?
- It depends on your goal. value: KMI (lower P/E); growth: TRGP (faster 5Y revenue CAGR); income: KMI (higher dividend yield); quality: TRGP (higher ROIC). Across all compared metrics, KMI leads 10 to 6.
- Is KMI or TRGP cheaper?
- On trailing earnings, KMI is cheaper: KMI trades at a 21.64 P/E and TRGP at 26.94.
- Which has grown faster, KMI or TRGP?
- Over the past five years, TRGP grew revenue faster — KMI at a 4.10% CAGR versus TRGP at 10.04%.
- Does KMI or TRGP pay a bigger dividend?
- KMI yields 3.64% and TRGP yields 1.61% based on trailing dividends and the latest price.
- Is KMI or TRGP more profitable?
- KMI runs the higher net margin — KMI at 18.92% versus TRGP at 12.98%.
- Which has been the better investment, KMI or TRGP?
- Over the past 10-year, TRGP delivered the higher annualized total return — KMI at 11.22% versus TRGP at 25.65%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Kinder Morgan P/E ratioTarga Resources P/E ratioKinder Morgan dividend yieldTarga Resources dividend yieldKinder Morgan ROETarga Resources ROEKinder Morgan operating marginTarga Resources operating marginKinder Morgan revenue growthTarga Resources revenue growthKinder Morgan free cash flowTarga Resources free cash flow
Kinder Morgan & Targa Resources 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.