Kinder Morgan, Inc. (KMI) vs MPLX LP (MPLX)

Kinder Morgan, Inc. and MPLX LP are both Oil & Gas Midstream companies. Kinder Morgan, Inc. is the larger, with a market value of $67.3B against $57.3B — 1.2× the size. MPLX LP trades at the lower P/E: 13.2× against 18.7×. Kinder Morgan, Inc. grew revenue faster over the last twelve months: 11.7% against 3.11%. MPLX LP has the higher net margin (32.9% vs 19.6%) and the higher return on invested capital (8.76% vs 5.11%). Both pay a dividend; MPLX LP yields more (9.74% vs 3.91%). Across the 23 metrics below, MPLX LP leads on 15 and Kinder Morgan, Inc. on 8.

Valuation

Metric KMI MPLX Oil & Gas Midstream median
P/E 18.72 13.21 11.68
P/S 3.68 4.35 2.39
P/B 2.06 4.02 1.68
Price to free cash flow 25.51 14.01 8.52
EV/EBITDA 12.75 11.76 9.03
EV/Sales 5.43 6.26 3.43
Earnings yield 5.34% 7.57% 7.78%
Free cash flow yield 3.92% 7.14% 7.11%

Profitability

Metric KMI MPLX Oil & Gas Midstream median
Gross margin 66.38% 57.55% 54.87%
Operating margin 28.97% 42.03% 34.73%
Net margin 19.64% 32.91% 20.12%
Free cash flow margin 14.43% 31.04% 14.43%
Return on equity 11.11% 30.16% 11.73%
Return on assets 4.88% 9.94% 4.43%
Return on invested capital 5.11% 8.76% 6.10%

Growth

Metric KMI MPLX Oil & Gas Midstream median
Revenue growth (TTM) 11.74% 3.11% 14.88%
EPS growth (last fiscal year) 17.09% 14.49% (7.78%)
Revenue growth, 5-year CAGR 7.68% 11.42% 10.05%
Net income growth, 5-year CAGR 91.39% 0.00% 0.00%

Health

Metric KMI MPLX Oil & Gas Midstream median
Debt to equity 1.01 1.86 0.77
Current ratio 0.67 1.56 1.19
Net debt to EBITDA 4.44 3.21 3.46

Dividend

Metric KMI MPLX Oil & Gas Midstream median
Dividend yield 3.91% 9.74% 4.94%
Payout ratio 0.73 1.29 0.73

Size

Metric KMI MPLX Oil & Gas Midstream median
Market cap 67.25b 57.29b 3.56b

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