ENB vs KMI vs PLUG Stock Comparison

Enbridge, Kinder Morgan and Plug Power Prices as of Oct 26, 2026 Peers: Industry group
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ENB Enbridge Inc
$48.26 +3.3% 1M +2.9% 1Y
Market cap
$105.40B
P/E
25.6x
Revenue (TTM)
$60.45B
Div. yield
7.98%
Oil and Gas Pipelines Energy
4 wins
KMI Kinder Morgan, Inc.
$33.94 +10.4% 1M +31.2% 1Y
Market cap
$75.61B
P/E
21.0x
Revenue (TTM)
$18.34B
Div. yield
3.49%
Oil and Gas Pipelines Energy
7 wins
PLUG Plug Power Inc
$1.37 -30.8% 1M -53.6% 1Y
Market cap
$1.91B
P/E
–
Revenue (TTM)
$744.09M
Div. yield
–
Hydrogen Energy
1 win

Head to Head

12 decided of 12

Kinder Morgan leads on 7 of the 12 questions below (Kinder Morgan 7, Enbridge 4, Plug Power 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENBKMIPLUGLeader
Larger companyMarket capitalisation $105.40B $75.61B $1.91B ENB
Cheaper on earningsLower P/E, profitable companies only 25.6x 21.0x -1.2x KMI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.1x 21.1x — KMI
Faster revenue growthRevenue growth, trailing twelve months +31.0% +11.7% +10.6% ENB
More profitableNet margin, trailing twelve months 6.8% 19.6% -220.6% KMI
Better return on capitalReturn on invested capital 5.0% 6.3% -188.4% KMI
Less leveragedLower net debt / EBITDA 6.4x 4.1x 0.1x PLUG
Higher dividend yieldTrailing dividend yield 7.98% 3.49% — ENB
Better 1-year returnPrice return, last 12 months +2.9% +31.2% -53.6% KMI
Better 5-year returnAnnualised price return, 5 years +2.7%/yr +14.4%/yr -47.5%/yr KMI
Less volatileAnnualised volatility, 1 year 18.6% 21.2% 78.2% ENB
Higher overall scoreMean of the five percentile scores vs peers 31/100 44/100 23/100 KMI

Percentile Scorecard

ENBKMIPLUG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisENBKMIPLUG
Valuation 24 #27 of 35 32 #24 of 35 0 #11 of 11
Growth 39 #21 of 34 67 #12 of 34 70 #4 of 11
Profitability 24 #26 of 34 52 #17 of 34 0 #9 of 9
Financial Health 21 #28 of 35 47 #19 of 35 20 #9 of 11
Shareholder Returns 47 #17 of 31 23 #24 of 31 –
Overall 31 44 23
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • KMI ranked among 35 companies in Oil and Gas Midstream
  • PLUG ranked among 11 companies in Renewable Fuels

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodENBKMIPLUGSPY
1 month +3.3%+10.4%-30.8% -0.8%
3 months -12.8%+6.9%-33.5% +3.5%
6 months -8.0%+9.7%-55.5% +7.0%
Year to date +0.9%+23.5%-30.5% +12.2%
1 year +2.9%+31.2%-53.6% +13.0%
3 years +53.7%+107.3%-76.8% +86.3%
3 years, per year +15.4%+27.5%-38.6% +23.1%
5 years +14.5%+96.2%-96.0% +68.6%
5 years, per year +2.7%+14.4%-47.5% +11.0%
10 years +10.7%+57.9%-13.3% +258.0%
10 years, per year +1.0%+4.7%-1.4% +13.6%

Risk

MeasureENBKMIPLUGSPY
Volatility, 1Y 18.6%21.2%78.2% 12.7%
Downside volatility, 1Y 19.5%20.6%70.0% 12.7%
Beta vs S&P 500, 1Y -0.16-0.222.25 1.00
Return / volatility, 1Y 0.151.47-0.68 1.02
Max drawdown, 5Y -34.0%-20.4%-98.4% -25.4%
From 52-week high -16.9%-1.5%-66.9% -1.8%
52-week high $58.04$34.44$4.14 $779.14
52-week low $45.23$25.84$1.37 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleENBKMIPLUG
P/E now vs peer median 25.6xmedian 21.0x 21.0xmedian 21.0x -1.2xmedian 10.9x
P/S now vs peer median 1.7xmedian 2.7x 4.1xmedian 2.7x 2.6xmedian 1.2x
EV/EBITDA now vs peer median 15.0xmedian 11.0x 13.8xmedian 11.0x -1.4xmedian 14.0x
P/FCF now vs peer median 87.3xmedian 16.6x 24.5xmedian 16.6x -3.4xmedian 14.0x
P/B now vs peer median 2.2xmedian 2.6x 2.3xmedian 2.6x 3.3xmedian 1.2x
PEG now vs peer median 2.51median 1.92 1.55median 1.92 -0.21median 0.19

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsENBKMIPLUG
Revenue $60.45B $18.34B $744.09M
Gross profit $22.34B $12.18B -$138.00M
Operating income $8.06B $5.31B -$1.29B
Net income $4.58B $3.71B -$1.71B
Free cash flow $1.21B $3.08B -$560.50M
R&D – – $53.94M
EPS (diluted) $1.88 $1.62 $-1.18
Cash & equivalents $1.42B $918.00M $161.90M
Total debt $78.92B $33.07B $314.00K
Shares (diluted) 2.19B 2.23B 1.39B
Enterprise value $102.94B $75.70B $1.00B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricENBKMIPLUG
P/E 25.6x 21.0x -1.2x
P/FCF 87.3x 24.5x -3.4x
P/Operating cash flow 11.7x 11.2x -4.0x
P/S 1.7x 4.1x 2.6x
P/B 2.2x 2.3x 3.3x
P/Tangible book 2.3x 2.4x 3.4x
EV/EBITDA 15.0x 13.8x -1.4x
EV/EBIT 22.7x 20.3x -1.4x
EV/Revenue 3.0x 5.9x 2.4x
EV/FCF 151.6x 35.0x -3.1x
EV/Operating cash flow 20.3x 16.0x -3.6x
PEG (3Y EPS CAGR) 2.51 1.55 -0.21

Growth

14 metrics
MetricENBKMIPLUG
Revenue growth (1Y) 31.0% 11.7% 10.6%
Revenue CAGR (3Y) 19.5% 4.9% -5.4%
Gross profit growth (1Y) 8.0% 9.8% 70.1%
Gross profit CAGR (3Y) 5.1% 5.7% 20.4%
Operating income growth (1Y) 6.2% 18.9% 31.3%
Operating income CAGR (3Y) 19.8% 7.6% -15.4%
Net income growth (1Y) -6.9% 30.8% 13.3%
Net income CAGR (3Y) 13.7% 13.1% -26.9%
EPS growth (1Y) -7.5% 31.9% 32.5%
EPS CAGR (3Y) 10.2% 13.5% 5.5%
Operating cash flow growth (1Y) -2.9% 17.4% 20.0%
Operating cash flow CAGR (3Y) -2.6% 6.5% 22.8%
Free cash flow growth (1Y) -67.2% 11.8% 31.6%
Free cash flow CAGR (3Y) -42.0% -3.3% 30.6%

Profitability

14 metrics
MetricENBKMIPLUG
Gross margin 36.9% 66.4% -18.5%
EBITDA margin 20.2% 42.6% -168.2%
Operating margin 13.3% 29.0% -172.8%
Pretax margin 9.6% 25.8% -229.0%
Net margin 6.8% 19.6% -220.6%
FCF margin 2.0% 16.8% -75.3%
Operating cash flow margin 14.9% 36.7% -64.9%
Return on equity 9.5% 11.3% -251.3%
Return on assets 2.8% 5.0% -75.0%
Return on invested capital 5.0% 6.3% -188.4%
Return on capital employed 5.5% 7.6% -72.0%
Asset turnover 0.4x 0.2x 0.3x
Cash conversion (OCF / net income) 2.0x 1.8x 0.3x
Stock comp / revenue – – 7.2%

Financial Health

11 metrics
MetricENBKMIPLUG
Debt / assets 48.4% 43.9% 0.0%
Debt / equity 1.6x 1.0x 0.0x
Net debt / EBITDA 6.4x 4.1x 0.1x
Debt / FCF 65.4x 10.7x 0.0x
Liabilities / assets 70.6% 56.5% 73.2%
Equity / assets 29.4% 43.5% 26.8%
Interest coverage 2.2x – -17.9x
Current ratio 0.7x 0.7x 2.3x
Quick ratio 0.5x 0.2x 0.8x
Cash ratio 0.1x 0.2x 0.3x
Altman Z-score 0.93 1.34 -6.08

Shareholder Returns

7 metrics
MetricENBKMIPLUG
Dividend yield 8.0% 3.5% –
Net buyback yield 0.0% – -2.5%
Shareholder yield 8.0% 3.5% -2.5%
Payout ratio (earnings) 132.1% 71.2% –
Payout ratio (FCF) 500.8% 85.6% –
Dividend growth (1Y) 4.2% 1.8% –
Dividend CAGR (3Y) 4.6% 1.5% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusENBKMIPLUG
Forward P/E 24.1xFY2026 21.1xFY2026 –
EPS, next fiscal year $2.00FY2026 $1.61FY2026 $-0.41FY2026
EPS growth, next FY -9.1%FY2026 +23.8%FY2026 –
EPS growth, the year after +15.0% -9.9% –
Revenue, next fiscal year $61.53BFY2026 $17.91BFY2026 $799.33MFY2026
Revenue growth, next FY +29.6%FY2026 +5.7%FY2026 +12.6%FY2026
Revenue growth, the year after -14.7% +0.7% +28.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBKMIPLUG
Held by institutions 48.7% 69.3% 58.3%
Institutions holding 1,501 1,811 508
Change in shares held, QoQ +2.0% +3.3% +8.0%
Institutions buying 660 898 276
Institutions selling 503 647 105
Buyers to sellers 1.31 1.39 2.63

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ENBKMIPLUG
ENB 1.00 0.59 -0.04
KMI 0.59 1.00 -0.01
PLUG -0.04 -0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENB, KMI and PLUG?

Enbridge (ENB) is the largest by market capitalisation: Enbridge (ENB) $105.40B, Kinder Morgan (KMI) $75.61B, Plug Power (PLUG) $1.91B.

Which stock is cheaper, ENB, KMI and PLUG?

Kinder Morgan (KMI) trades on the lowest price-to-earnings ratio (Enbridge (ENB) 25.6x, Kinder Morgan (KMI) 21.0x, Plug Power (PLUG) -1.2x). On next year's consensus earnings, Kinder Morgan (KMI) is cheapest (Enbridge (ENB) 24.1x, Kinder Morgan (KMI) 21.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enbridge (ENB) grew revenue fastest over the trailing twelve months: Enbridge (ENB) +31.0%, Kinder Morgan (KMI) +11.7%, Plug Power (PLUG) +10.6%.

Which company is more profitable?

Kinder Morgan (KMI) has the highest net margin (Enbridge (ENB) 6.8%, Kinder Morgan (KMI) 19.6%, Plug Power (PLUG) -220.6%). On return on invested capital, Kinder Morgan (KMI) leads (Enbridge (ENB) 5.0%, Kinder Morgan (KMI) 6.3%, Plug Power (PLUG) -188.4%).

Which stock has performed better?

Over the past year Kinder Morgan (KMI) returned the most: Enbridge (ENB) +2.9%, Kinder Morgan (KMI) +31.2%, Plug Power (PLUG) -53.6%. Over five years, Kinder Morgan (KMI) compounded fastest (Enbridge (ENB) +2.7%/yr, Kinder Morgan (KMI) +14.4%/yr, Plug Power (PLUG) -47.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enbridge (ENB) has the highest dividend yield: Enbridge (ENB) 7.98%, Kinder Morgan (KMI) 3.49%. Plug Power (PLUG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enbridge (ENB) has been the steadiest (Enbridge (ENB) 18.6%, Kinder Morgan (KMI) 21.2%, Plug Power (PLUG) 78.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ENB, KMI and PLUG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Kinder Morgan (KMI) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.