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KMI vs. TRP: Kinder Morgan vs. TC Energy Stock Comparison

How do Kinder Morgan (KMI) and TC Energy (TRP) 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 TC Energy (TRP) 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 TC Energy (TRP)
Profile ItemKMITRP
NameKinder Morgan Inc.TC Energy Corporation
Country/RegionUnited StatesCanada
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 USD64.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 11, 2011September 20, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

KMI
TRP
GSPC
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Kinder Morgan (KMI) vs. TC Energy (TRP), 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 TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Kinder Morgan (KMI) and TC Energy (TRP)
MetricKMITRP
Total Return (1Y)19.50%24.67%
Total Return (3Y, Annualized)29.33%26.02%
Total Return (5Y, Annualized)18.80%9.85%

Risk Profile

Drawdown History

KMI
TRP
GSPC
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Kinder Morgan (KMI) vs. TC Energy (TRP), 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 TC Energy (TRP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Kinder Morgan (KMI) and TC Energy (TRP)
MetricKMITRP
Volatility (1Y, Annualized)22.00%19.39%
Beta (5Y)0.600.64
Max Drawdown (5Y)-20.31%-38.98%
Avg. Volume (3M)12.88M2.56M

Risk-Adjusted Performance

Risk-Return Positioning

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KMI and TRP 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 TC Energy (TRP)
MetricKMITRP
Sharpe Ratio (1Y)0.691.05
Sortino Ratio (1Y)1.011.61

Profitability

ROE (TTM)

Both Kinder Morgan (KMI) at 11.43% and TC Energy (TRP) at 12.15% 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%

TRP

Energy industry group

12.15%

Max
53.85%
Q3
24.79%
Median
12.85%
TRP
12.15%
Q1
2.03%
Min
-29.09%
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

TC Energy (TRP) at 25.05% retains a top-quartile share of revenue as profit, ahead of Kinder Morgan (KMI) at 19.64%, which keeps about the industry-typical share.

KMI

Energy industry group

19.64%

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

TRP

Energy industry group

25.05%

Max
56.92%
TRP
25.05%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

TC Energy (TRP) at 41.66% operates in the top operating margin quartile, ahead of Kinder Morgan (KMI) at 24.03%, which runs around its industry’s norm.

KMI

Energy industry group

24.03%

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

TRP

Energy industry group

41.66%

Max
71.31%
TRP
41.66%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Kinder Morgan (KMI) and TC Energy (TRP)
MetricKMITRP
ROE (TTM)11.43%12.15%
ROA (TTM)4.44%3.70%
Net Margin (TTM)19.64%25.05%
Operating Margin (TTM)24.03%41.66%
Gross Margin (TTM)48.65%70.07%

Growth

Revenue Growth

Both Kinder Morgan (KMI) at 12.17% and TC Energy (TRP) at 10.66% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Kinder Morgan (KMI) at 17.09% and TC Energy (TRP) at -26.19% 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. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Kinder Morgan (KMI) and TC Energy (TRP)
MetricKMITRP
Revenue Growth (YoY)12.17%10.66%
Revenue Growth (3Y CAGR)-4.09%7.38%
EPS Growth (YoY)17.09%-26.19%
EPS Growth (3Y CAGR)6.95%72.24%

Financial Strength

Current Ratio (MRQ)

Both Kinder Morgan (KMI) at 0.67 and TC Energy (TRP) at 0.57 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

TRP

Energy industry group

0.57

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRP
0.57
Min
0.24
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Kinder Morgan (KMI) at 1.02 and TC Energy (TRP) at 1.68 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

KMI

Energy industry group

1.02

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

TRP

Energy industry group

1.68

Max
1.75
TRP
1.68
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Kinder Morgan (KMI) vs. TC Energy (TRP): 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 TC Energy (TRP)
MetricKMITRP
Current Ratio (MRQ)0.670.57
Debt / Equity (MRQ)1.021.68
Net Debt / EBITDA4.236.08

Dividends

Dividend Yield (TTM)

Both Kinder Morgan (KMI) at 3.93% and TC Energy (TRP) at 5.57% 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%

TRP

Energy industry group

5.57%

Max
8.57%
TRP
5.57%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Kinder Morgan (KMI) at 72.84% and TC Energy (TRP) at 93.87% 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%

TRP

Energy industry group

93.87%

Max
133.24%
TRP
93.87%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Kinder Morgan (KMI) and TC Energy (TRP)
MetricKMITRP
Dividend Yield (TTM)3.93%5.57%
Dividend Payout Ratio (TTM)72.84%93.87%

Valuation

P/E Ratio (TTM)

Kinder Morgan (KMI) at 18.49 is near its industry’s usual P/E ratio, while TC Energy (TRP) at 23.19 sits in the richer quartile — TRP needs stronger growth or earnings quality to justify the premium.

KMI

Energy industry group

18.49

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

TRP

Energy industry group

23.19

Max
39.54
TRP
23.19
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both Kinder Morgan (KMI) at 3.64 and TC Energy (TRP) at 4.03 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

KMI

Energy industry group

3.64

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

TRP

Energy industry group

4.03

Max
5.40
TRP
4.03
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Kinder Morgan (KMI) at 2.11 is valued about in line with its industry on P/B ratio, while TC Energy (TRP) at 3.54 carries an above-peer premium to book — TRP is pricier on assets.

KMI

Energy industry group

2.11

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

TRP

Energy industry group

3.54

Max
4.21
TRP
3.54
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Kinder Morgan (KMI) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Kinder Morgan (KMI) and TC Energy (TRP)
MetricKMITRP
P/E Ratio (TTM)18.4923.19
P/S Ratio (TTM)3.644.03
P/B Ratio (MRQ)2.113.54
Free Cash Flow Yield (TTM)1.61%0.77%