EPD vs KMI vs PBA Stock Comparison

Enterprise Products Partners, Kinder Morgan and Pembina Pipeline Prices as of Oct 23, 2026 Peers: Industry group
KMI Kinder Morgan, Inc.
$34.44 +9.8% 1M +31.2% 1Y
Market cap
$75.65B
P/E
21.0x
Revenue (TTM)
$18.34B
Div. yield
0.03%
Oil and Gas Pipelines Energy
2 wins
PBA Pembina Pipeline Corp
$50.32 +9.8% 1M +31.9% 1Y
Market cap
$29.23B
P/E
18.5x
Revenue (TTM)
$7.84B
Div. yield
–
Oil and Gas Pipelines Energy
4 wins

Head to Head

12 decided of 12

Enterprise Products Partners leads on 6 of the 12 questions below (Enterprise Products Partners 6, Pembina Pipeline 4, Kinder Morgan 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEPDKMIPBALeader
Larger companyMarket capitalisation $79.97B $75.65B $29.23B EPD
Cheaper on earningsLower P/E, profitable companies only 12.7x 21.0x 18.5x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.9x 21.4x 21.9x EPD
Faster revenue growthRevenue growth, trailing twelve months +6.8% +11.7% +0.9% KMI
More profitableNet margin, trailing twelve months 10.8% 19.6% 20.1% PBA
Better return on capitalReturn on invested capital 12.2% 6.3% 8.3% EPD
Less leveragedLower net debt / EBITDA 3.2x 4.1x 3.1x PBA
Higher dividend yieldTrailing dividend yield 0.06% 0.03% 0.00% EPD
Better 1-year returnPrice return, last 12 months +19.8% +31.2% +31.9% PBA
Better 5-year returnAnnualised price return, 5 years +8.7%/yr +14.3%/yr +8.4%/yr KMI
Less volatileAnnualised volatility, 1 year 18.5% 21.2% 20.3% EPD
Higher overall scoreMean of the five percentile scores vs peers 53/100 44/100 56/100 PBA

Percentile Scorecard

EPDKMIPBA

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

AxisEPDKMIPBA
Valuation 77 #9 of 35 32 #24 of 35 79 #8 of 35
Growth 24 #26 of 34 67 #12 of 34 18 #28 of 34
Profitability 49 #18 of 34 52 #17 of 34 55 #16 of 34
Financial Health 68 #12 of 35 47 #19 of 35 88 #5 of 35
Shareholder Returns 50 #16 of 31 23 #24 of 31 40 #19 of 31
Overall 53 44 56
  • EPD ranked among 35 companies in Oil and Gas Midstream
  • KMI ranked among 35 companies in Oil and Gas Midstream
  • PBA ranked among 35 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodEPDKMIPBASPY
1 month -1.3%+9.8%+9.8% -1.0%
3 months -4.3%+4.8%-2.1% +2.9%
6 months -2.4%+8.5%+16.0% +6.4%
Year to date +15.7%+25.3%+32.2% +11.4%
1 year +19.8%+31.2%+31.9% +13.1%
3 years +34.6%+104.4%+64.0% +79.4%
3 years, per year +10.4%+26.9%+17.9% +21.5%
5 years +51.8%+94.9%+49.6% +67.7%
5 years, per year +8.7%+14.3%+8.4% +10.9%
10 years +38.6%+63.1%+60.4% +255.2%
10 years, per year +3.3%+5.0%+4.8% +13.5%

Risk

MeasureEPDKMIPBASPY
Volatility, 1Y 18.5%21.2%20.3% 12.7%
Downside volatility, 1Y 18.1%20.6%20.7% 12.7%
Beta vs S&P 500, 1Y -0.31-0.21-0.23 1.00
Return / volatility, 1Y 1.071.471.57 1.03
Max drawdown, 5Y -19.5%-20.4%-32.6% -25.4%
From 52-week high -6.8%0.0%-2.1% -2.5%
52-week high $39.80$34.44$51.38 $779.14
52-week low $30.22$25.84$36.52 $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.

MultipleEPDKMIPBA
P/E now vs peer median 12.7xmedian 21.3x 21.3xmedian 21.3x 18.5xmedian 21.3x
P/S now vs peer median 1.4xmedian 2.7x 4.2xmedian 2.7x 3.7xmedian 2.7x
EV/EBITDA now vs peer median 11.0xmedian 11.0x 13.9xmedian 11.0x 10.8xmedian 11.0x
P/FCF now vs peer median 23.1xmedian 16.4x 24.9xmedian 16.4x 8.4xmedian 16.4x
P/B now vs peer median 2.6xmedian 2.6x 2.3xmedian 2.6x 1.7xmedian 2.6x
PEG now vs peer median 2.39median 1.93 1.58median 1.93 —median 1.93

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 monthsEPDKMIPBA
Revenue $58.47B $18.34B $7.84B
Gross profit – $12.18B $3.30B
Operating income $7.85B $5.31B $2.83B
Net income $6.37B $3.71B $1.71B
Free cash flow $3.46B $3.08B $3.49B
EPS (diluted) $2.89 $1.62 $2.71
Cash & equivalents $246.00M $918.00M $153.00M
Total debt $133.45B $129.38B $12.08B
Shares (diluted) 2.19B 2.23B 582.00M
Enterprise value $78.35B $74.51B $28.68B

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
MetricEPDKMIPBA
P/E 12.7x 21.3x 18.5x
P/FCF 23.1x 24.9x 8.4x
P/Operating cash flow 9.0x 11.4x 10.1x
P/S 1.4x 4.2x 3.7x
P/B 2.6x 2.3x 1.7x
P/Tangible book 3.0x 2.5x 1.7x
EV/EBITDA 11.0x 13.9x 10.8x
EV/EBIT 14.4x 20.5x 14.6x
EV/Revenue 1.9x 5.9x 5.3x
EV/FCF 32.7x 35.3x 11.8x
EV/Operating cash flow 12.8x 16.2x 14.2x
PEG (3Y EPS CAGR) 2.39 1.58 –

Growth

14 metrics
MetricEPDKMIPBA
Revenue growth (1Y) 6.8% 11.7% 0.9%
Revenue CAGR (3Y) 3.8% 4.9% –
Gross profit growth (1Y) – 9.8% 0.9%
Gross profit CAGR (3Y) – 5.7% –
Operating income growth (1Y) 7.5% 18.9% 27.9%
Operating income CAGR (3Y) 5.0% 7.6% –
Net income growth (1Y) 7.5% 30.8% -3.9%
Net income CAGR (3Y) 4.7% 13.1% –
EPS growth (1Y) 7.7% 31.9% -3.0%
EPS CAGR (3Y) 5.3% 13.5% –
Operating cash flow growth (1Y) 0.6% 17.4% -16.0%
Operating cash flow CAGR (3Y) 6.9% 6.5% –
Free cash flow growth (1Y) -17.8% 11.8% -14.7%
Free cash flow CAGR (3Y) -9.0% -3.3% –

Profitability

14 metrics
MetricEPDKMIPBA
Gross margin – 66.4% 42.1%
EBITDA margin 17.6% 42.6% 48.5%
Operating margin 13.4% 29.0% 36.1%
Pretax margin 10.9% 25.8% 28.2%
Net margin 10.8% 19.6% 20.1%
FCF margin 5.9% 16.8% 44.5%
Operating cash flow margin 15.2% 36.7% 37.0%
Return on equity 20.7% 11.3% 10.1%
Return on assets 7.8% 5.0% 4.7%
Return on invested capital 12.2% 6.3% 8.3%
Return on capital employed 12.3% 7.6% –
Asset turnover 0.7x 0.2x 0.2x
Cash conversion (OCF / net income) 1.4x 1.8x 1.7x
Stock comp / revenue – – 1.4%

Financial Health

11 metrics
MetricEPDKMIPBA
Debt / assets 40.6% 43.9% 33.3%
Debt / equity 1.1x 1.0x 0.7x
Net debt / EBITDA 3.2x 4.1x 3.1x
Debt / FCF 9.6x 10.7x 3.5x
Liabilities / assets 62.0% 56.5% 52.9%
Equity / assets 38.0% 43.5% 47.1%
Interest coverage 5.2x – 4.6x
Current ratio 0.9x 0.7x –
Quick ratio 0.6x 0.2x –
Cash ratio 0.0x 0.2x –
Altman Z-score – 1.35 –

Shareholder Returns

7 metrics
MetricEPDKMIPBA
Dividend yield 5.9% 3.4% 5.7%
Net buyback yield 0.5% – -0.7%
Shareholder yield 6.5% 3.4% 5.0%
Payout ratio (earnings) 74.4% 71.2% –
Payout ratio (FCF) 136.9% 85.6% –
Dividend growth (1Y) 3.1% 1.8% –
Dividend CAGR (3Y) 4.1% 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.

ConsensusEPDKMIPBA
Forward P/E 12.9xFY2026 21.4xFY2026 21.9xFY2026
EPS, next fiscal year $2.87FY2026 $1.61FY2026 $2.30FY2026
EPS growth, next FY +7.9%FY2026 +23.8%FY2026 +18.6%FY2026
EPS growth, the year after +17.1% -9.9% 0.0%
Revenue, next fiscal year $66.68BFY2026 $17.92BFY2026 $6.50BFY2026
Revenue growth, next FY +26.8%FY2026 +5.8%FY2026 +14.8%FY2026
Revenue growth, the year after +2.5% +0.8% -6.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEPDKMIPBA
Held by institutions 24.8% 69.3% –
Institutions holding 1,580 1,811 –
Change in shares held, QoQ +0.8% +3.3% –
Institutions buying 670 898 –
Institutions selling 435 647 –
Buyers to sellers 1.54 1.39 –

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.

EPDKMIPBA
EPD 1.00 0.52 0.57
KMI 0.52 1.00 0.61
PBA 0.57 0.61 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EPD, KMI and PBA?

Enterprise Products Partners (EPD) is the largest by market capitalisation: Enterprise Products Partners (EPD) $79.97B, Kinder Morgan (KMI) $75.65B, Pembina Pipeline (PBA) $29.23B.

Which stock is cheaper, EPD, KMI and PBA?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (Enterprise Products Partners (EPD) 12.7x, Kinder Morgan (KMI) 21.0x, Pembina Pipeline (PBA) 18.5x). On next year's consensus earnings, Enterprise Products Partners (EPD) is cheapest (Enterprise Products Partners (EPD) 12.9x, Kinder Morgan (KMI) 21.4x, Pembina Pipeline (PBA) 21.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Kinder Morgan (KMI) grew revenue fastest over the trailing twelve months: Enterprise Products Partners (EPD) +6.8%, Kinder Morgan (KMI) +11.7%, Pembina Pipeline (PBA) +0.9%.

Which company is more profitable?

Pembina Pipeline (PBA) has the highest net margin (Enterprise Products Partners (EPD) 10.8%, Kinder Morgan (KMI) 19.6%, Pembina Pipeline (PBA) 20.1%). On return on invested capital, Enterprise Products Partners (EPD) leads (Enterprise Products Partners (EPD) 12.2%, Kinder Morgan (KMI) 6.3%, Pembina Pipeline (PBA) 8.3%).

Which stock has performed better?

Over the past year Pembina Pipeline (PBA) returned the most: Enterprise Products Partners (EPD) +19.8%, Kinder Morgan (KMI) +31.2%, Pembina Pipeline (PBA) +31.9%. Over five years, Kinder Morgan (KMI) compounded fastest (Enterprise Products Partners (EPD) +8.7%/yr, Kinder Morgan (KMI) +14.3%/yr, Pembina Pipeline (PBA) +8.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enterprise Products Partners (EPD) has the highest dividend yield: Enterprise Products Partners (EPD) 0.06%, Kinder Morgan (KMI) 0.03%, Pembina Pipeline (PBA) 0.00%. Pembina Pipeline (PBA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enterprise Products Partners (EPD) has been the steadiest (Enterprise Products Partners (EPD) 18.5%, Kinder Morgan (KMI) 21.2%, Pembina Pipeline (PBA) 20.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EPD, KMI and PBA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enterprise Products Partners (EPD) leads on 6. 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.