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

KMI has the lower trailing P/E: KMI trades at 20.05 and TRGP at 25.55. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, KMI or TRGP?

Over the past five years, TRGP grew revenue faster — KMI at a 3.56% CAGR versus TRGP at 6.56%.

Does KMI or TRGP pay a bigger dividend?

KMI yields 3.76% and TRGP yields 1.58% based on trailing dividends and the latest price.

Is KMI or TRGP more profitable?

KMI runs the higher net margin — KMI at 19.31% versus TRGP at 13.49%.

How have KMI and TRGP total returns compared?

Over the past 10 years, KMI delivered 9.86% and TRGP delivered 25.67% annualized total return. Past performance doesn't predict future results.

Kinder Morgan, Inc. (KMI) vs Targa Resources Corp. (TRGP)

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 August 7, 2026. Differences are shown without an overall score or investment verdict.

KMI

Kinder Morgan, Inc.

$69.42B

$31.18EnergyDelayed quote: Aug 7, 2026, 1:25 PM EDT

TRGP

Targa Resources Corp.

$56.13B

$261.49EnergyDelayed quote: Aug 7, 2026, 1:25 PM EDT

Total return — KMI vs TRGP

growth of $100 · dividends reinvested · last 15y

KMI +111.2%TRGP +1548.5%TRGP compounded faster

Log scale — wide-divergence pair

KMI TRGP

KMI vs TRGP: by the numbers

•KMI is the larger company ($69.42B vs $56.13B market cap).
•KMI trades at the lower trailing earnings multiple (20.05 vs 25.55 P/E), one valuation lens rather than an overall verdict.
•KMI converts more revenue to profit (19.31% vs 13.49% net margin).
•TRGP grew revenue faster over the past five years (6.56% vs 3.56% CAGR).
•KMI pays the higher dividend yield (3.76% vs 1.58%).

Metrics side by side

Valuation

Metric	KMI	TRGP
P/E ratio	20.05	25.55
Forward P/E	20.64	24.67
P/S ratio	3.88	3.43
P/B ratio	2.20	18.39
PEG ratio	1.17	0.45
EV / EBITDA	13.22	14.90
FCF yield	5.56%	0.54%

Profitability

Metric	KMI	TRGP
Gross margin	43.66%	26.51%
Operating margin	29.04%	23.13%
Net margin	19.31%	13.49%
ROE	10.96%	72.20%
ROIC	5.33%	12.07%

Dividends

Metric	KMI	TRGP
Dividend yield	3.76%	1.58%
Payout ratio	85.77%	49.77%

Growth (annualized)

Metric	KMI	TRGP
Revenue CAGR (5Y)	3.56%	6.56%
EPS CAGR (5Y)	96.49%	N/A
FCF CAGR (5Y)	2.53%	-29.47%
Total return CAGR (5Y)	19.09%	47.36%

Frequently asked

Which has the lower trailing P/E, KMI or TRGP?: KMI has the lower trailing P/E: KMI trades at 20.05 and TRGP at 25.55. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, KMI or TRGP?: Over the past five years, TRGP grew revenue faster — KMI at a 3.56% CAGR versus TRGP at 6.56%.
Does KMI or TRGP pay a bigger dividend?: KMI yields 3.76% and TRGP yields 1.58% based on trailing dividends and the latest price.
Is KMI or TRGP more profitable?: KMI runs the higher net margin — KMI at 19.31% versus TRGP at 13.49%.
How have KMI and TRGP total returns compared?: Over the past 10 years, KMI delivered 9.86% and TRGP delivered 25.67% annualized total return. Past performance doesn't predict future results.

Go deeper

Full KMI analysis Full TRGP analysis Interactive comparison tool

Dig into the metrics

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

Kinder Morgan & Targa Resources appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks Highest 10-Year Total Return 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 August 7, 2026.