SOBO
South Bow Corporation
Oil & Gas Midstream
Market Cap$7.48B
5Y Perf.+43.7%
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Side-by-side financial analysisSOBO
KMI
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Stock Comparison
SOBO vs KMI
Revenue, margins, valuation, and 5-year total return — side by side.
KMI
Kinder Morgan, Inc.
Oil & Gas Midstream
Market Cap$70.28B
5Y Perf.+28.9%
SOBO vs KMI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot |  SOBO |  KMI |
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $7.48B | $70.28B |
| Revenue (TTM) | $1.62B | $17.52B |
| Net Income (TTM) | $397M | $3.31B |
| Gross Margin | 37.9% | 46.9% |
| Operating Margin | 26.6% | 28.6% |
| Forward P/E | 20.4x | 21.6x |
| Total Debt | $5.78B | $32.39B |
| Cash & Equiv. | $574M | $109M |
SOBO vs KMI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
SOBO
KMI
| Stock | Oct 24 | Jun 26 | Return |
|---|---|---|---|
| South Bow Corporati… (SOBO) | 100 | 143.7 | +43.7% |
| Kinder Morgan, Inc. (KMI) | 100 | 128.9 | +28.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SOBO vs KMI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: SOBO leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Kinder Morgan, Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
🥇SOBO emerged as the overall leader. Track its performance:
SOBO
South Bow Corporation
The Income Pick
SOBO carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.01, yield 5.7%
- Lower volatility, beta 0.01, current ratio 1.50x
- Beta 0.01, yield 5.7%, current ratio 1.50x
Best for: income & stability and sleep-well-at-night
KMI
Kinder Morgan, Inc.
The Growth Play
KMI is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 12.5%, EPS growth 17.1%, 3Y rev CAGR -4.7%
- 127.9% 10Y total return vs SOBO's 74.4%
- 12.5% revenue growth vs SOBO's -24.0%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth |  KMI | 12.5% revenue growth vs SOBO's -24.0% |
| Value |  SOBO | Lower P/E (20.4x vs 21.6x) |
| Quality / Margins | SOBO | 24.5% margin vs KMI's 18.9% |
| Stability / Safety | KMI | Lower D/E ratio (99.8% vs 213.8%) |
| Dividends | SOBO | 5.7% yield, 2-year raise streak, vs KMI's 3.7% |
| Momentum (1Y) | SOBO | +45.0% vs KMI's +18.8% |
| Efficiency (ROA) | KMI | 4.5% ROA vs SOBO's 3.8%, ROIC 5.6% vs 3.0% |
SOBO vs KMI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
SOBO vs KMI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLKMILAGGINGSOBO
SOBOSouth Bow Corporation
0leads
KMIKinder Morgan, Inc.
3leads
6 Total Categories
CATEGORYLEADERvs SOBOMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
KMI4/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
KMI6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
KMI4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
KMI leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KMI is the larger business by revenue, generating $17.5B annually — 10.8x SOBO's $1.6B. SOBO is the more profitable business, keeping 24.5% of every revenue dollar as net income compared to KMI's 18.9%. On growth, KMI holds the edge at +13.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | SOBOSouth Bow Corpora… | KMIKinder Morgan, In… |
|---|---|---|
| RevenueTrailing 12 months | $1.6B | $17.5B |
| EBITDAEarnings before interest/tax | $662M | $7.5B |
| Net IncomeAfter-tax profit | $397M | $3.3B |
| Free Cash FlowCash after capex | $609M | $3.9B |
| Gross MarginGross profit ÷ Revenue | +37.9% | +46.9% |
| Operating MarginEBIT ÷ Revenue | +26.6% | +28.6% |
| Net MarginNet income ÷ Revenue | +24.5% | +18.9% |
| FCF MarginFCF ÷ Revenue | +37.5% | +22.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -16.2% | +13.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -14.3% | +37.5% |
KMI leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
Evenly matched — SOBO and KMI each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 17.0x trailing earnings, SOBO trades at a 26% valuation discount to KMI's 23.1x P/E. On an enterprise value basis, KMI's 14.1x EV/EBITDA is more attractive than SOBO's 22.3x.
| Metric | SOBOSouth Bow Corpora… | KMIKinder Morgan, In… |
|---|---|---|
| Market CapShares × price | $7.5B | $70.3B |
| Enterprise ValueMkt cap + debt − cash | $12.7B | $102.6B |
| Trailing P/EPrice ÷ TTM EPS | 17.00x | 23.06x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.43x | 21.58x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.24x |
| EV / EBITDAEnterprise value multiple | 22.31x | 14.12x |
| Price / SalesMarket cap ÷ Revenue | 4.64x | 4.15x |
| Price / BookPrice ÷ Book value/share | 2.77x | 2.17x |
| Price / FCFMarket cap ÷ FCF | 13.64x | 21.82x |
Evenly matched — SOBO and KMI each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
KMI leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
SOBO delivers a 16.1% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $10 for KMI. KMI carries lower financial leverage with a 1.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to SOBO's 2.14x. On the Piotroski fundamental quality scale (0–9), KMI scores 8/9 vs SOBO's 5/9, reflecting strong financial health.
| Metric | SOBOSouth Bow Corpora… | KMIKinder Morgan, In… |
|---|---|---|
| ROE (TTM)Return on equity | +16.1% | +10.3% |
| ROA (TTM)Return on assets | +3.8% | +4.5% |
| ROICReturn on invested capital | +3.0% | +5.6% |
| ROCEReturn on capital employed | +3.3% | +7.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 8 |
| Debt / EquityFinancial leverage | 2.14x | 1.00x |
| Net DebtTotal debt minus cash | $5.2B | $32.3B |
| Cash & Equiv.Liquid assets | $574M | $109M |
| Total DebtShort + long-term debt | $5.8B | $32.4B |
| Interest CoverageEBIT ÷ Interest expense | 1.78x | 2.86x |
KMI leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
KMI leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in KMI five years ago would be worth $21,097 today (with dividends reinvested), compared to $17,438 for SOBO. Over the past 12 months, SOBO leads with a +45.0% total return vs KMI's +18.8%. The 3-year compound annual growth rate (CAGR) favors KMI at 28.1% vs SOBO's 20.4% — a key indicator of consistent wealth creation.
| Metric | SOBOSouth Bow Corpora… | KMIKinder Morgan, In… |
|---|---|---|
| YTD ReturnYear-to-date | +30.4% | +16.1% |
| 1-Year ReturnPast 12 months | +45.0% | +18.8% |
| 3-Year ReturnCumulative with dividends | +74.4% | +110.4% |
| 5-Year ReturnCumulative with dividends | +74.4% | +111.0% |
| 10-Year ReturnCumulative with dividends | +74.4% | +127.9% |
| CAGR (3Y)Annualised 3-year return | +20.4% | +28.1% |
KMI leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — SOBO and KMI each lead in 1 of 2 comparable metrics.
Risk & Volatility
KMI is the less volatile stock with a -0.03 beta — it tends to amplify market swings less than SOBO's 0.01 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | SOBOSouth Bow Corpora… | KMIKinder Morgan, In… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.01x | -0.03x |
| 52-Week HighHighest price in past year | $38.45 | $34.80 |
| 52-Week LowLowest price in past year | $25.02 | $25.60 |
| % of 52W HighCurrent price vs 52-week peak | +93.3% | +90.8% |
| RSI (14)Momentum oscillator 0–100 | 46.7 | 43.6 |
| Avg Volume (50D)Average daily shares traded | 763K | 9.5M |
Evenly matched — SOBO and KMI each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — SOBO and KMI each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates SOBO as "Hold" and KMI as "Hold". Consensus price targets imply 16.1% upside for KMI (target: $37) vs -11.3% for SOBO (target: $32). For income investors, SOBO offers the higher dividend yield at 5.65% vs KMI's 3.70%.
| Metric | SOBOSouth Bow Corpora… | KMIKinder Morgan, In… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $31.80 | $36.67 |
| # AnalystsCovering analysts | 6 | 34 |
| Dividend YieldAnnual dividend ÷ price | +5.7% | +3.7% |
| Dividend StreakConsecutive years of raises | 2 | 8 |
| Dividend / ShareAnnual DPS | $2.03 | $1.17 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Evenly matched — SOBO and KMI each lead in 1 of 2 comparable metrics.
Key Takeaway
KMI leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 3 categories are tied.
Best OverallKinder Morgan, Inc. (KMI)Leads 3 of 6 categories
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SOBO vs KMI: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SOBO or KMI a better buy right now?
For growth investors, Kinder Morgan, Inc.
(KMI) is the stronger pick with 12. 5% revenue growth year-over-year, versus -24. 0% for South Bow Corporation (SOBO). South Bow Corporation (SOBO) offers the better valuation at 17. 0x trailing P/E (20. 4x forward), making it the more compelling value choice. Analysts rate South Bow Corporation (SOBO) a "Hold" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SOBO or KMI?
On trailing P/E, South Bow Corporation (SOBO) is the cheapest at 17.
0x versus Kinder Morgan, Inc. at 23. 1x. On forward P/E, South Bow Corporation is actually cheaper at 20. 4x.
03Which is the better long-term investment — SOBO or KMI?
Over the past 5 years, Kinder Morgan, Inc.
(KMI) delivered a total return of +111. 0%, compared to +74. 4% for South Bow Corporation (SOBO). Over 10 years, the gap is even starker: KMI returned +127. 9% versus SOBO's +74. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SOBO or KMI?
By beta (market sensitivity over 5 years), Kinder Morgan, Inc.
(KMI) is the lower-risk stock at -0. 03β versus South Bow Corporation's 0. 01β — meaning SOBO is approximately -121% more volatile than KMI relative to the S&P 500. On balance sheet safety, Kinder Morgan, Inc. (KMI) carries a lower debt/equity ratio of 100% versus 2% for South Bow Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — SOBO or KMI?
By revenue growth (latest reported year), Kinder Morgan, Inc.
(KMI) is pulling ahead at 12. 5% versus -24. 0% for South Bow Corporation (SOBO). On earnings-per-share growth, the picture is similar: South Bow Corporation grew EPS 38. 8% year-over-year, compared to 17. 1% for Kinder Morgan, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SOBO or KMI?
South Bow Corporation (SOBO) is the more profitable company, earning 27.
4% net margin versus 18. 0% for Kinder Morgan, Inc. — meaning it keeps 27. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KMI leads at 28. 4% versus 19. 7% for SOBO. At the gross margin level — before operating expenses — KMI leads at 43. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SOBO or KMI more undervalued right now?
On forward earnings alone, South Bow Corporation (SOBO) trades at 20.
4x forward P/E versus 21. 6x for Kinder Morgan, Inc. — 1. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KMI: 16. 1% to $36. 67.
08Which pays a better dividend — SOBO or KMI?
All stocks in this comparison pay dividends.
South Bow Corporation (SOBO) offers the highest yield at 5. 7%, versus 3. 7% for Kinder Morgan, Inc. (KMI).
09Is SOBO or KMI better for a retirement portfolio?
For long-horizon retirement investors, Kinder Morgan, Inc.
(KMI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 03), 3. 7% yield, +127. 9% 10Y return). Both have compounded well over 10 years (KMI: +127. 9%, SOBO: +74. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SOBO and KMI?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SOBO is a small-cap deep-value stock; KMI is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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