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KMI vs. OKE: Kinder Morgan vs. ONEOK Stock Comparison

How do Kinder Morgan (KMI) and ONEOK (OKE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Kinder Morgan (KMI) and ONEOK (OKE) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Kinder Morgan (KMI) and ONEOK (OKE)
Profile ItemKMIOKE
NameKinder Morgan Inc.ONEOK, Inc.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization66.74 billion USD53.71 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 11, 2011October 1, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

KMI
OKE
GSPC
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Kinder Morgan (KMI) vs. ONEOK (OKE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Kinder Morgan (KMI) and ONEOK (OKE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Kinder Morgan (KMI) and ONEOK (OKE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Kinder Morgan (KMI) and ONEOK (OKE)
MetricKMIOKE
Total Return (1Y)19.50%33.00%
Total Return (3Y, Annualized)29.33%16.19%
Total Return (5Y, Annualized)18.80%11.76%

Risk Profile

Drawdown History

KMI
OKE
GSPC
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Kinder Morgan (KMI) vs. ONEOK (OKE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Kinder Morgan (KMI) and ONEOK (OKE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Kinder Morgan (KMI) and ONEOK (OKE)
MetricKMIOKE
Volatility (1Y, Annualized)22.00%27.56%
Beta (5Y)0.600.79
Max Drawdown (5Y)-20.31%-42.17%
Avg. Volume (3M)12.88M3.38M

Risk-Adjusted Performance

Risk-Return Positioning

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KMI and OKE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Kinder Morgan (KMI) and ONEOK (OKE)
MetricKMIOKE
Sharpe Ratio (1Y)0.691.04
Sortino Ratio (1Y)1.011.50

Profitability

ROE (TTM)

Both Kinder Morgan (KMI) at 11.43% and ONEOK (OKE) at 15.02% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

KMI

Energy industry group

11.43%

Max
53.85%
Q3
24.79%
Median
12.85%
KMI
11.43%
Q1
2.03%
Min
-29.09%

OKE

Energy industry group

15.02%

Max
53.85%
Q3
24.79%
OKE
15.02%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Kinder Morgan (KMI) at 19.64% and ONEOK (OKE) at 9.42% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

KMI

Energy industry group

19.64%

Max
56.92%
Q3
22.92%
KMI
19.64%
Median
10.10%
Q1
0.07%
Min
-27.38%

OKE

Energy industry group

9.42%

Max
56.92%
Q3
22.92%
Median
10.10%
OKE
9.42%
Q1
0.07%
Min
-27.38%
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Kinder Morgan (KMI) at 24.03% and ONEOK (OKE) at 12.71% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

KMI

Energy industry group

24.03%

Max
71.31%
Q3
33.75%
KMI
24.03%
Median
18.73%
Q1
6.94%
Min
-24.52%

OKE

Energy industry group

12.71%

Max
71.31%
Q3
33.75%
Median
18.73%
OKE
12.71%
Q1
6.94%
Min
-24.52%
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Kinder Morgan (KMI) and ONEOK (OKE)
MetricKMIOKE
ROE (TTM)11.43%15.02%
ROA (TTM)4.44%5.46%
Net Margin (TTM)19.64%9.42%
Operating Margin (TTM)24.03%12.71%
Gross Margin (TTM)48.65%25.20%

Growth

Revenue Growth

ONEOK (OKE) at 54.99% clears its industry range for revenue growth, far stronger top-line momentum than Kinder Morgan (KMI) at 12.17%, which is closer to a typical peer reading.

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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Kinder Morgan (KMI) at 17.09% and ONEOK (OKE) at 4.84% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Kinder Morgan (KMI) and ONEOK (OKE)
MetricKMIOKE
Revenue Growth (YoY)12.17%54.99%
Revenue Growth (3Y CAGR)-4.09%14.53%
EPS Growth (YoY)17.09%4.84%
EPS Growth (3Y CAGR)6.95%12.17%

Financial Strength

Current Ratio (MRQ)

Both Kinder Morgan (KMI) at 0.67 and ONEOK (OKE) at 0.84 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

KMI

Energy industry group

0.67

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
KMI
0.67
Min
0.24

OKE

Energy industry group

0.84

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
OKE
0.84
Min
0.24
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

ONEOK (OKE) at 0.88 carries an industry-typical debt-to-equity mix, while Kinder Morgan (KMI) at 1.02 uses more debt funding than most peers.

KMI

Energy industry group

1.02

Max
1.75
KMI
1.02
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00

OKE

Energy industry group

0.88

Max
1.75
Q3
0.93
OKE
0.88
Median
0.54
Q1
0.30
Min
0.00
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Kinder Morgan (KMI) and ONEOK (OKE)
MetricKMIOKE
Current Ratio (MRQ)0.670.84
Debt / Equity (MRQ)1.020.88
Net Debt / EBITDA4.233.68

Dividends

Dividend Yield (TTM)

Both Kinder Morgan (KMI) at 3.93% and ONEOK (OKE) at 4.96% offer top-quartile dividend income relative to share price within their industries.

KMI

Energy industry group

3.93%

Max
8.57%
KMI
3.93%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

OKE

Energy industry group

4.96%

Max
8.57%
OKE
4.96%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Kinder Morgan (KMI) at 72.84% and ONEOK (OKE) at 65.84% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

KMI

Energy industry group

72.84%

Max
133.24%
KMI
72.84%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%

OKE

Energy industry group

65.84%

Max
133.24%
OKE
65.84%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Kinder Morgan (KMI) and ONEOK (OKE)
MetricKMIOKE
Dividend Yield (TTM)3.93%4.96%
Dividend Payout Ratio (TTM)72.84%65.84%

Valuation

P/E Ratio (TTM)

Both Kinder Morgan (KMI) at 18.49 and ONEOK (OKE) at 13.23 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

KMI

Energy industry group

18.49

Max
39.54
Q3
21.72
KMI
18.49
Median
12.19
Q1
7.71
Min
2.99

OKE

Energy industry group

13.23

Max
39.54
Q3
21.72
OKE
13.23
Median
12.19
Q1
7.71
Min
2.99
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

ONEOK (OKE) at 1.24 is priced about in line with its industry on P/S ratio, while Kinder Morgan (KMI) at 3.64 sits in the pricier quartile — KMI costs more per dollar of sales.

KMI

Energy industry group

3.64

Max
5.40
KMI
3.64
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00

OKE

Energy industry group

1.24

Max
5.40
Q3
2.85
Median
1.69
OKE
1.24
Q1
0.88
Min
0.00
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Kinder Morgan (KMI) at 2.11 and ONEOK (OKE) at 2.30 are valued close to their industries’ norm against book — neither stands out from peers.

KMI

Energy industry group

2.11

Max
4.21
Q3
2.38
KMI
2.11
Median
1.51
Q1
1.08
Min
0.01

OKE

Energy industry group

2.30

Max
4.21
Q3
2.38
OKE
2.30
Median
1.51
Q1
1.08
Min
0.01
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Kinder Morgan (KMI) vs. ONEOK (OKE): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Kinder Morgan (KMI) and ONEOK (OKE)
MetricKMIOKE
P/E Ratio (TTM)18.4913.23
P/S Ratio (TTM)3.641.24
P/B Ratio (MRQ)2.112.30
Free Cash Flow Yield (TTM)1.61%1.44%