ET vs KMI
Energy Transfer LP and Kinder Morgan, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ET | KMI |
|---|---|---|
| Revenue | $85.5B | $16.9B |
| Net income | $4.4B | $3.1B |
| Gross margin | 25.8% | 67.4% |
| Net margin | 6.7% | 18.7% |
| Return on equity | 9.3% | 9.9% |
| Diluted EPS | · | $1.37 |
| Dividend / share | · | $1.17 |
| Payout ratio | · | 85.2% |
| Free cash flow | $3.8B | $2.9B |
| Equity | · | $31.2B |
| Net debt / equity | 1.37× | 1.02× |
| Current ratio | 1.22× | 0.64× |
| Revenue CAGR 5y | 17.0% | 7.7% |
| Profit CAGR 5y | · | 91.4% |
ET bills 5.1× the revenue of KMI, and KMI keeps more of each dollar of revenue as profit (18.7% against 6.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ET | KMI |
|---|---|---|
| FY2025 | $85.5B | $16.9B |
| FY2024 | $82.7B | $15.1B |
| FY2023 | $78.6B | $15.3B |
| FY2022 | $89.9B | $19.2B |
| FY2021 | $67.4B | $16.6B |
| FY2020 | $39.0B | $11.7B |
| FY2019 | $54.2B | $13.2B |
| FY2018 | $54.1B | $14.1B |
| FY2017 | $40.5B | $13.7B |
| FY2016 | $31.8B | $13.1B |
Bottom line
| Fiscal year | ET | KMI |
|---|---|---|
| FY2025 | $4.4B | $3.1B |
| FY2024 | $4.8B | $2.6B |
| FY2023 | $3.9B | $2.4B |
| FY2022 | $4.8B | $2.5B |
| FY2021 | $5.5B | $1.8B |
| FY2020 | $-648.0M | $119.0M |
| FY2019 | $3.5B | $2.2B |
| FY2018 | $1.7B | $1.6B |
| FY2017 | $954.0M | $183.0M |
| FY2016 | $995.0M | $708.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$68,599,000,000 | ET |
| FY2024 | +$67,571,000,000 | ET |
| FY2023 | +$63,252,000,000 | ET |
| FY2022 | +$70,676,000,000 | ET |
| FY2021 | +$50,807,000,000 | ET |
| FY2020 | +$27,254,000,000 | ET |
| FY2019 | +$41,004,000,000 | ET |
| FY2018 | +$39,943,000,000 | ET |
| FY2017 | +$26,818,000,000 | ET |
| FY2016 | +$18,734,000,000 | ET |
| FY2015 | +$21,693,000,000 | ET |
| FY2014 | +$39,465,000,000 | ET |
| FY2013 | +$34,265,000,000 | ET |
| FY2012 | +$6,991,000,000 | ET |
| FY2011 | +$247,000,000 | ET |
| FY2010 | −$1,296,000,000 | KMI |
| FY2009 | −$1,767,905,000 | KMI |
The higher-revenue side has changed between ET and KMI over this period. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −12.0 pp | KMI |
| FY2024 | −10.1 pp | KMI |
| FY2023 | −9.5 pp | KMI |
| FY2022 | −7.1 pp | KMI |
| FY2021 | −1.2 pp | KMI |
| FY2020 | −1.2 pp | KMI |
| FY2019 | −8.1 pp | KMI |
| FY2018 | −7.2 pp | KMI |
| FY2017 | +4.2 pp | ET |
| FY2016 | −5.5 pp | KMI |
| FY2015 | +1.5 pp | ET |
| FY2014 | −13.0 pp | KMI |
| FY2013 | −18.5 pp | KMI |
| FY2012 | +3.2 pp | ET |
| FY2011 | −1.9 pp | KMI |
| FY2010 | +1.3 pp | ET |
| FY2009 | +2.1 pp | ET |
The higher net margin has changed hands between ET and KMI over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KMI's net margin has been more volatile than ET's over the 17 comparable fiscal years — 6.3 percentage points of standard deviation against 3.4.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ET and KMI over these 17 fiscal years — ET led in 5 and KMI in 12.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ET's return on equity has been more volatile than KMI's over the 16 comparable fiscal years — 4.4 percentage points of standard deviation against 3.4.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ET and KMI over these 16 fiscal years — ET led in 10 and KMI in 6.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.