KMI vs TRGP
Kinder Morgan (KMI) and Targa Resources (TRGP) compared side by side. Kinder Morgan (KMI) is larger, with a market cap of $76.7B versus $64.8B for Targa Resources, about 1.2 times the size. On trailing earnings, KMI is cheaper at 21.3x versus 28.9x for TRGP.
Head to head
| Metric | KMI | TRGP |
|---|---|---|
| Market cap | $76.7B | $64.8B |
| P/E (TTM) | 21.3x | 28.9x |
| Forward P/E | 21.9x | 25.0x |
| Revenue (TTM) | $18.3B | $16.7B |
| Revenue growth | 9.3% | 4.2% |
| Gross margin | 48.6% | 43.2% |
| Operating margin | 24.0% | 27.8% |
| Free cash flow | $3.2B | $740.9M |
| Dividend yield | 3.46% | 1.65% |
| 1-year return | +36.4% | +97.0% |
| 5-year return (annual) | +20.6% | +43.0% |
| Max drawdown | -73% | -95% |
| FI Handbook grade | C | C+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
KMI vs TRGP FAQ
Which is bigger, KMI or TRGP?
Kinder Morgan (KMI) is larger, with a market cap of $76.7B versus $64.8B for Targa Resources, about 1.2 times the size.
Is KMI or TRGP cheaper?
On trailing earnings, KMI is cheaper at 21.3x versus 28.9x for TRGP. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, KMI or TRGP?
TRGP returned +97.0% over the past year including dividends, versus +36.4% for KMI, through October 23, 2026.
Which pays a higher dividend, KMI or TRGP?
KMI yields 3.46% versus 1.65% for TRGP.
Full pages: Kinder Morgan · Targa Resources