KNTK vs WES
Kinetik Holdings Inc. and Western Midstream Partners, LP, side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | KNTK | WES |
|---|---|---|
| Revenue | $1.8B | $3.8B |
| Net income | $178.3M | $1.2B |
| Gross margin | 55.5% | 94.6% |
| Net margin | 29.8% | 31.5% |
| Return on equity | · | · |
| Diluted EPS | $2.63 | · |
| Dividend / share | · | · |
| Payout ratio | 108.7% | 121.2% |
| Free cash flow | $111.6M | · |
| Equity | $-565.4M | · |
| Net debt / equity | · | · |
| Current ratio | 0.69× | 1.34× |
| Revenue CAGR 5y | 33.9% | 6.7% |
| Profit CAGR 5y | · | 17.5% |
WES bills 2.2× the revenue of KNTK, and keeps more of each dollar of revenue as profit (31.5% against 29.8%).
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.
9 years side by side
| Fiscal year | KNTK | WES |
|---|---|---|
| FY2025 | $1.8B | $3.8B |
| FY2024 | $1.5B | $3.6B |
| FY2023 | $1.3B | $3.1B |
| FY2022 | $1.2B | $3.3B |
| FY2021 | $662.0M | $2.9B |
| FY2020 | $410.2M | $2.8B |
| FY2019 | $135.8M | $2.7B |
| FY2018 | $76.8M | $2.3B |
| FY2017 | $15.1M | $2.4B |
Bottom line
| Fiscal year | KNTK | WES |
|---|---|---|
| FY2025 | $178.3M | $1.2B |
| FY2024 | $80.0M | $1.6B |
| FY2023 | $289.4M | $1.0B |
| FY2022 | $250.7M | $1.2B |
| FY2021 | $1.5M | $916.3M |
| FY2020 | $-1.2B | $527.0M |
| FY2019 | $-1.3B | $697.2M |
| FY2018 | $-239,000 | $551.6M |
| FY2017 | $-18.6M | $540.8M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$2,079,014,000 | WES |
| FY2024 | −$2,122,294,000 | WES |
| FY2023 | −$1,850,064,000 | WES |
| FY2022 | −$2,038,231,000 | WES |
| FY2021 | −$2,215,111,000 | WES |
| FY2020 | −$2,362,416,000 | WES |
| FY2019 | −$2,610,376,000 | WES |
| FY2018 | −$2,228,658,000 | WES |
| FY2017 | −$2,414,472,000 | WES |
WES has reported the higher revenue in every one of these 9 fiscal years. The gap has narrowed since the earliest year compared.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −1.7 pp | WES |
| FY2024 | −28.2 pp | WES |
| FY2023 | −3.0 pp | WES |
| FY2022 | −17.8 pp | WES |
| FY2021 | −32.6 pp | WES |
| FY2020 | −300.4 pp | WES |
| FY2019 | −1007.1 pp | WES |
| FY2018 | −27.7 pp | WES |
| FY2017 | −153.0 pp | WES |
WES has kept the higher net margin in every one of these 9 fiscal years.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KNTK's net margin has been more volatile than WES's over the 9 comparable fiscal years — 310.8 percentage points of standard deviation against 6.8.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
WES led in net margin in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.