Kinder Morgan, Inc. (KMI) vs TC Energy Corporation (TRP)

Kinder Morgan, Inc. and TC Energy Corporation are both Oil & Gas Midstream companies. Kinder Morgan, Inc. and TC Energy Corporation are of similar size ($67.3B and $65.2B). Kinder Morgan, Inc. trades at the lower P/E: 18.7× against 26.0×. TC Energy Corporation grew revenue faster over the last twelve months: 24.0% against 11.7%. TC Energy Corporation has the higher net margin (22.2% vs 19.6%) and the higher return on invested capital (5.39% vs 5.11%). Both pay a dividend; TC Energy Corporation yields more (3.99% vs 3.91%). Across the 23 metrics below, Kinder Morgan, Inc. leads on 14 and TC Energy Corporation on 9.

Valuation

Metric KMI TRP Oil & Gas Midstream median
P/E 18.72 26.02 11.68
P/S 3.68 5.76 2.39
P/B 2.06 2.57 1.68
Price to free cash flow 25.51 22.32 8.52
EV/EBITDA 12.75 13.36 9.03
EV/Sales 5.43 9.63 3.43
Earnings yield 5.34% 3.84% 7.78%
Free cash flow yield 3.92% 4.48% 7.11%

Profitability

Metric KMI TRP Oil & Gas Midstream median
Gross margin 66.38% 70.44% 54.87%
Operating margin 28.97% 53.94% 34.73%
Net margin 19.64% 22.19% 20.12%
Free cash flow margin 14.43% 25.80% 14.43%
Return on equity 11.11% 9.94% 11.73%
Return on assets 4.88% 2.89% 4.43%
Return on invested capital 5.11% 5.39% 6.10%

Growth

Metric KMI TRP Oil & Gas Midstream median
Revenue growth (TTM) 11.74% 24.04% 14.88%
EPS growth (last fiscal year) 17.09% (27.55%) (7.78%)
Revenue growth, 5-year CAGR 7.68% 2.36% 10.05%
Net income growth, 5-year CAGR 91.39% (6.06%) 0.00%

Health

Metric KMI TRP Oil & Gas Midstream median
Debt to equity 1.01 1.68 0.77
Current ratio 0.67 0.61 1.19
Net debt to EBITDA 4.44 5.43 3.46

Dividend

Metric KMI TRP Oil & Gas Midstream median
Dividend yield 3.91% 3.99% 4.94%
Payout ratio 0.73 1.04 0.73

Size

Metric KMI TRP Oil & Gas Midstream median
Market cap 67.25b 65.20b 3.56b

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