Oil & Gas Midstream
Compare Stocks
2 / 10Stock Comparison
TRP vs KMI
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
TRP vs KMI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $68.19B | $70.26B |
| Revenue (TTM) | $15.14B | $17.52B |
| Net Income (TTM) | $3.52B | $3.31B |
| Gross Margin | 49.8% | 46.9% |
| Operating Margin | 44.0% | 28.6% |
| Forward P/E | 17.5x | 22.3x |
| Total Debt | $60.95B | $32.39B |
| Cash & Equiv. | $261M | $109M |
TRP vs KMI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| TC Energy Corporati… (TRP) | 100 | 159.7 | +59.7% |
| Kinder Morgan, Inc. (KMI) | 100 | 199.9 | +99.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TRP vs KMI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TRP carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.01, yield 3.8%
- 148.2% 10Y total return vs KMI's 144.8%
- Lower volatility, beta 0.01, current ratio 0.63x
KMI is the clearest fit if your priority is growth exposure.
- Rev growth 12.5%, EPS growth 17.1%, 3Y rev CAGR -4.7%
- 12.5% revenue growth vs TRP's 10.3%
- 4.5% ROA vs TRP's 3.0%, ROIC 5.6% vs 5.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 12.5% revenue growth vs TRP's 10.3% | |
| Value | Lower P/E (17.5x vs 22.3x) | |
| Quality / Margins | 23.2% margin vs KMI's 18.9% | |
| Stability / Safety | Beta 0.01 vs KMI's 0.10 | |
| Dividends | 3.8% yield, vs KMI's 3.7% | |
| Momentum (1Y) | +34.5% vs KMI's +20.4% | |
| Efficiency (ROA) | 4.5% ROA vs TRP's 3.0%, ROIC 5.6% vs 5.2% |
TRP vs KMI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TRP vs KMI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TRP leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KMI and TRP operate at a comparable scale, with $17.5B and $15.1B in trailing revenue. Profitability is closely matched — net margins range from 23.2% (TRP) to 18.9% (KMI). On growth, TRP holds the edge at +199.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $15.1B | $17.5B |
| EBITDAEarnings before interest/tax | $9.4B | $7.5B |
| Net IncomeAfter-tax profit | $3.5B | $3.3B |
| Free Cash FlowCash after capex | $2.1B | $3.9B |
| Gross MarginGross profit ÷ Revenue | +49.8% | +46.9% |
| Operating MarginEBIT ÷ Revenue | +44.0% | +28.6% |
| Net MarginNet income ÷ Revenue | +23.2% | +18.9% |
| FCF MarginFCF ÷ Revenue | +13.6% | +22.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +199.4% | +13.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +1.1% | +37.5% |
Valuation Metrics
KMI leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 23.1x trailing earnings, KMI trades at a 15% valuation discount to TRP's 27.2x P/E. On an enterprise value basis, KMI's 14.1x EV/EBITDA is more attractive than TRP's 16.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $68.2B | $70.3B |
| Enterprise ValueMkt cap + debt − cash | $112.9B | $102.5B |
| Trailing P/EPrice ÷ TTM EPS | 27.21x | 23.05x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.51x | 22.34x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.24x |
| EV / EBITDAEnterprise value multiple | 16.17x | 14.11x |
| Price / SalesMarket cap ÷ Revenue | 6.10x | 4.15x |
| Price / BookPrice ÷ Book value/share | 2.51x | 2.17x |
| Price / FCFMarket cap ÷ FCF | 44.56x | 21.81x |
Profitability & Efficiency
KMI leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
KMI delivers a 10.3% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $9 for TRP. KMI carries lower financial leverage with a 1.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to TRP's 1.65x. On the Piotroski fundamental quality scale (0–9), KMI scores 8/9 vs TRP's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.4% | +10.3% |
| ROA (TTM)Return on assets | +3.0% | +4.5% |
| ROICReturn on invested capital | +5.2% | +5.6% |
| ROCEReturn on capital employed | +6.2% | +7.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 8 |
| Debt / EquityFinancial leverage | 1.65x | 1.00x |
| Net DebtTotal debt minus cash | $60.7B | $32.3B |
| Cash & Equiv.Liquid assets | $261M | $109M |
| Total DebtShort + long-term debt | $60.9B | $32.4B |
| Interest CoverageEBIT ÷ Interest expense | 2.66x | 2.86x |
Total Returns (Dividends Reinvested)
Evenly matched — TRP and KMI each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in KMI five years ago would be worth $21,105 today (with dividends reinvested), compared to $17,051 for TRP. Over the past 12 months, TRP leads with a +34.5% total return vs KMI's +20.4%. The 3-year compound annual growth rate (CAGR) favors KMI at 27.5% vs TRP's 24.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +18.2% | +16.1% |
| 1-Year ReturnPast 12 months | +34.5% | +20.4% |
| 3-Year ReturnCumulative with dividends | +92.1% | +107.4% |
| 5-Year ReturnCumulative with dividends | +70.5% | +111.0% |
| 10-Year ReturnCumulative with dividends | +148.2% | +144.8% |
| CAGR (3Y)Annualised 3-year return | +24.3% | +27.5% |
Risk & Volatility
TRP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TRP is the less volatile stock with a 0.01 beta — it tends to amplify market swings less than KMI's 0.10 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TRP currently trades 97.3% from its 52-week high vs KMI's 90.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.01x | 0.10x |
| 52-Week HighHighest price in past year | $67.31 | $34.73 |
| 52-Week LowLowest price in past year | $46.29 | $25.60 |
| % of 52W HighCurrent price vs 52-week peak | +97.3% | +90.9% |
| RSI (14)Momentum oscillator 0–100 | 66.5 | 49.9 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 12.4M |
Analyst Outlook
Evenly matched — TRP and KMI each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates TRP as "Hold" and KMI as "Hold". Consensus price targets imply 10.8% upside for KMI (target: $35) vs -5.3% for TRP (target: $62). For income investors, TRP offers the higher dividend yield at 3.79% vs KMI's 3.71%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $62.00 | $35.00 |
| # AnalystsCovering analysts | 19 | 34 |
| Dividend YieldAnnual dividend ÷ price | +3.8% | +3.7% |
| Dividend StreakConsecutive years of raises | 0 | 9 |
| Dividend / ShareAnnual DPS | $3.37 | $1.17 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | 0.0% |
TRP leads in 2 of 6 categories (Income & Cash Flow, Risk & Volatility). KMI leads in 2 (Valuation Metrics, Profitability & Efficiency). 2 tied.
TRP vs KMI: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TRP 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 10. 3% for TC Energy Corporation (TRP). Kinder Morgan, Inc. (KMI) offers the better valuation at 23. 1x trailing P/E (22. 3x forward), making it the more compelling value choice. Analysts rate TC Energy Corporation (TRP) a "Hold" — based on 19 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 — TRP or KMI?
On trailing P/E, Kinder Morgan, Inc.
(KMI) is the cheapest at 23. 1x versus TC Energy Corporation at 27. 2x. On forward P/E, TC Energy Corporation is actually cheaper at 17. 5x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — TRP or KMI?
Over the past 5 years, Kinder Morgan, Inc.
(KMI) delivered a total return of +111. 0%, compared to +70. 5% for TC Energy Corporation (TRP). Over 10 years, the gap is even starker: TRP returned +148. 2% versus KMI's +144. 8%. 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 — TRP or KMI?
By beta (market sensitivity over 5 years), TC Energy Corporation (TRP) is the lower-risk stock at 0.
01β versus Kinder Morgan, Inc. 's 0. 10β — meaning KMI is approximately 956% more volatile than TRP relative to the S&P 500. On balance sheet safety, Kinder Morgan, Inc. (KMI) carries a lower debt/equity ratio of 100% versus 165% for TC Energy Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — TRP or KMI?
By revenue growth (latest reported year), Kinder Morgan, Inc.
(KMI) is pulling ahead at 12. 5% versus 10. 3% for TC Energy Corporation (TRP). On earnings-per-share growth, the picture is similar: Kinder Morgan, Inc. grew EPS 17. 1% year-over-year, compared to -26. 2% for TC Energy Corporation. Over a 3-year CAGR, TRP leads at 7. 3% annualised revenue growth. 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 — TRP or KMI?
TC Energy Corporation (TRP) is the more profitable company, earning 23.
2% net margin versus 18. 0% for Kinder Morgan, Inc. — meaning it keeps 23. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRP leads at 44. 2% versus 28. 4% for KMI. At the gross margin level — before operating expenses — TRP leads at 50. 0%, 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 TRP or KMI more undervalued right now?
On forward earnings alone, TC Energy Corporation (TRP) trades at 17.
5x forward P/E versus 22. 3x for Kinder Morgan, Inc. — 4. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KMI: 10. 8% to $35. 00.
08Which pays a better dividend — TRP or KMI?
All stocks in this comparison pay dividends.
TC Energy Corporation (TRP) offers the highest yield at 3. 8%, versus 3. 7% for Kinder Morgan, Inc. (KMI).
09Is TRP or KMI better for a retirement portfolio?
For long-horizon retirement investors, TC Energy Corporation (TRP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
01), 3. 8% yield, +148. 2% 10Y return). Both have compounded well over 10 years (TRP: +148. 2%, KMI: +144. 8%), 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 TRP 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.
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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.