EQNR vs KMI vs PLUG Stock Comparison

Equinor Asa, Kinder Morgan and Plug Power Prices as of Oct 28, 2026 Peers: Industry group
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EQNR Equinor Asa
$47.65 +12.7% 1M +97.8% 1Y
Market cap
$119.14B
P/E
11.1x
Revenue (TTM)
$121.56B
Div. yield
3.19%
Integrated Oil and Gas Energy
8 wins
KMI Kinder Morgan, Inc.
$33.57 +9.6% 1M +28.7% 1Y
Market cap
$74.78B
P/E
20.7x
Revenue (TTM)
$18.34B
Div. yield
3.53%
Oil and Gas Pipelines Energy
4 wins
PLUG Plug Power Inc
$1.42 -23.7% 1M -49.1% 1Y
Market cap
$1.98B
P/E
–
Revenue (TTM)
$744.09M
Div. yield
–
Hydrogen Energy

Head to Head

12 decided of 12

Equinor Asa leads on 8 of the 12 questions below (Equinor Asa 8, Kinder Morgan 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQNRKMIPLUGLeader
Larger companyMarket capitalisation $119.14B $74.78B $1.98B EQNR
Cheaper on earningsLower P/E, profitable companies only 11.1x 20.7x -1.2x EQNR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.8x 20.6x — EQNR
Faster revenue growthRevenue growth, trailing twelve months +11.8% +11.7% +10.6% EQNR
More profitableNet margin, trailing twelve months 9.1% 19.6% -220.6% KMI
Better return on capitalReturn on invested capital 57.3% 6.3% -188.4% EQNR
Less leveragedLower net debt / EBITDA 0.0x 4.1x 0.1x EQNR
Higher dividend yieldTrailing dividend yield 3.19% 3.53% — KMI
Better 1-year returnPrice return, last 12 months +97.8% +28.7% -49.1% EQNR
Better 5-year returnAnnualised price return, 5 years +13.4%/yr +14.9%/yr -48.3%/yr KMI
Less volatileAnnualised volatility, 1 year 39.0% 21.2% 77.9% KMI
Higher overall scoreMean of the five percentile scores vs peers 78/100 40/100 25/100 EQNR

Percentile Scorecard

EQNRKMIPLUG

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

AxisEQNRKMIPLUG
Valuation 88 #13 of 99 29 #25 of 35 0 #11 of 11
Growth 92 #9 of 97 58 #15 of 34 70 #4 of 11
Profitability 90 #11 of 96 52 #17 of 34 0 #9 of 9
Financial Health 63 #38 of 102 41 #21 of 35 30 #8 of 11
Shareholder Returns 55 #35 of 77 20 #25 of 31 –
Overall 78 40 25
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • 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

PeriodEQNRKMIPLUGSPY
1 month +12.7%+9.6%-23.7% +0.9%
3 months +16.4%+5.4%-25.3% +5.9%
6 months +18.9%+5.4%-58.4% +8.5%
Year to date +101.7%+22.1%-27.9% +13.3%
1 year +97.8%+28.7%-49.1% +12.4%
3 years +41.9%+105.1%-75.9% +88.1%
3 years, per year +12.4%+27.1%-37.8% +23.5%
5 years +87.4%+100.4%-96.3% +68.2%
5 years, per year +13.4%+14.9%-48.3% +11.0%
10 years +188.3%+64.3%-10.1% +263.4%
10 years, per year +11.2%+5.1%-1.1% +13.8%

Risk

MeasureEQNRKMIPLUGSPY
Volatility, 1Y 39.0%21.2%77.9% 12.7%
Downside volatility, 1Y 38.5%20.5%69.8% 12.7%
Beta vs S&P 500, 1Y -1.10-0.222.26 1.00
Return / volatility, 1Y 2.511.36-0.63 0.98
Max drawdown, 5Y -47.8%-20.4%-98.4% -25.4%
From 52-week high -2.4%-2.5%-65.7% -0.9%
52-week high $48.81$34.44$4.14 $779.14
52-week low $22.41$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.

MultipleEQNRKMIPLUG
P/E now vs peer median 11.1xmedian 12.4x 20.7xmedian 19.6x -1.2xmedian 10.6x
P/S now vs peer median 1.0xmedian 2.0x 4.1xmedian 2.7x 2.7xmedian 1.2x
EV/EBITDA now vs peer median 2.3xmedian 5.9x 13.7xmedian 10.9x -1.5xmedian 14.1x
P/FCF now vs peer median 5.2xmedian 10.0x 24.3xmedian 16.6x -3.5xmedian 13.8x
P/B now vs peer median 2.7xmedian 1.5x 2.3xmedian 2.5x 3.4xmedian 1.2x
PEG now vs peer median —median 0.92 1.54median 1.72 -0.22median 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 monthsEQNRKMIPLUG
Revenue $121.56B $18.34B $744.09M
Gross profit – $12.18B -$138.00M
Operating income $39.22B $5.31B -$1.29B
Net income $11.80B $3.71B -$1.71B
Free cash flow $22.82B $3.08B -$560.50M
R&D $939.00M – $53.94M
EPS (diluted) $4.26 $1.62 $-1.18
Cash & equivalents $6.30B $918.00M $161.90M
Total debt $24.40B $33.07B $314.00K
Shares (diluted) 2.60B 2.23B 1.39B
Enterprise value $32.07B $74.87B $1.07B

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
MetricEQNRKMIPLUG
P/E 11.1x 20.7x -1.2x
P/FCF 5.2x 24.3x -3.5x
P/Operating cash flow 4.9x 11.1x -4.1x
P/S 1.0x 4.1x 2.7x
P/B 2.7x 2.3x 3.4x
P/Tangible book 2.7x 2.4x 3.5x
EV/EBITDA 2.3x 13.7x -1.5x
EV/EBIT 3.0x 20.1x -1.4x
EV/Revenue 1.0x 5.8x 2.4x
EV/FCF 5.2x 34.7x -3.3x
EV/Operating cash flow 4.9x 15.9x -3.8x
PEG (3Y EPS CAGR) – 1.54 -0.22

Growth

14 metrics
MetricEQNRKMIPLUG
Revenue growth (1Y) 11.8% 11.7% 10.6%
Revenue CAGR (3Y) – 4.9% -5.4%
Gross profit growth (1Y) – 9.8% 70.1%
Gross profit CAGR (3Y) – 5.7% 20.4%
Operating income growth (1Y) 37.1% 18.9% 31.3%
Operating income CAGR (3Y) – 7.6% -15.4%
Net income growth (1Y) 105.5% 30.8% 13.3%
Net income CAGR (3Y) – 13.1% -26.9%
EPS growth (1Y) 160.6% 31.9% 32.5%
EPS CAGR (3Y) – 13.5% 5.5%
Operating cash flow growth (1Y) 22.4% 17.4% 20.0%
Operating cash flow CAGR (3Y) – 6.5% 22.8%
Free cash flow growth (1Y) 257.0% 11.8% 31.6%
Free cash flow CAGR (3Y) – -3.3% 30.6%

Profitability

14 metrics
MetricEQNRKMIPLUG
Gross margin – 66.4% -18.5%
EBITDA margin 41.9% 42.6% -168.2%
Operating margin 32.3% 29.0% -172.8%
Pretax margin 32.8% 25.8% -229.0%
Net margin 9.1% 19.6% -220.6%
FCF margin 18.8% 16.8% -75.3%
Operating cash flow margin 20.0% 36.7% -64.9%
Return on equity 26.8% 11.3% -251.3%
Return on assets 834.8% 5.0% -75.0%
Return on invested capital 57.3% 6.3% -188.4%
Return on capital employed – 7.6% -72.0%
Asset turnover 86.0x 0.2x 0.3x
Cash conversion (OCF / net income) 2.1x 1.8x 0.3x
Stock comp / revenue – – 7.2%

Financial Health

11 metrics
MetricEQNRKMIPLUG
Debt / assets 1,674% 43.9% 0.0%
Debt / equity 0.5x 1.0x 0.0x
Net debt / EBITDA 0.0x 4.1x 0.1x
Debt / FCF 1.1x 10.7x 0.0x
Liabilities / assets -2,981% 56.5% 73.2%
Equity / assets 3,081% 43.5% 26.8%
Interest coverage – – -17.9x
Current ratio 1.2x 0.7x 2.3x
Quick ratio 0.9x 0.2x 0.8x
Cash ratio 0.6x 0.2x 0.3x
Altman Z-score – 1.33 -6.05

Shareholder Returns

7 metrics
MetricEQNRKMIPLUG
Dividend yield 3.2% 3.5% –
Net buyback yield – – -2.5%
Shareholder yield 3.2% 3.5% -2.5%
Payout ratio (earnings) – 71.2% –
Payout ratio (FCF) – 85.6% –
Dividend growth (1Y) – 1.8% –
Dividend CAGR (3Y) – 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.

ConsensusEQNRKMIPLUG
Forward P/E 8.8xFY2026 20.6xFY2026 –
EPS, next fiscal year $5.41FY2026 $1.63FY2026 $-0.41FY2026
EPS growth, next FY +119.0%FY2026 +25.4%FY2026 –
EPS growth, the year after -15.7% -11.0% –
Revenue, next fiscal year $120.69BFY2026 $17.89BFY2026 $799.33MFY2026
Revenue growth, next FY +14.0%FY2026 +5.6%FY2026 +12.6%FY2026
Revenue growth, the year after -1.4% +0.4% +28.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQNRKMIPLUG
Held by institutions 6.6% 69.3% 58.3%
Institutions holding 409 1,812 508
Change in shares held, QoQ +1.8% +3.3% +8.0%
Institutions buying 230 899 276
Institutions selling 115 647 105
Buyers to sellers 2.00 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.

EQNRKMIPLUG
EQNR 1.00 0.35 -0.04
KMI 0.35 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, EQNR, KMI and PLUG?

Equinor Asa (EQNR) is the largest by market capitalisation: Equinor Asa (EQNR) $119.14B, Kinder Morgan (KMI) $74.78B, Plug Power (PLUG) $1.98B.

Which stock is cheaper, EQNR, KMI and PLUG?

Equinor Asa (EQNR) trades on the lowest price-to-earnings ratio (Equinor Asa (EQNR) 11.1x, Kinder Morgan (KMI) 20.7x, Plug Power (PLUG) -1.2x). On next year's consensus earnings, Equinor Asa (EQNR) is cheapest (Equinor Asa (EQNR) 8.8x, Kinder Morgan (KMI) 20.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Equinor Asa (EQNR) grew revenue fastest over the trailing twelve months: Equinor Asa (EQNR) +11.8%, Kinder Morgan (KMI) +11.7%, Plug Power (PLUG) +10.6%.

Which company is more profitable?

Kinder Morgan (KMI) has the highest net margin (Equinor Asa (EQNR) 9.1%, Kinder Morgan (KMI) 19.6%, Plug Power (PLUG) -220.6%). On return on invested capital, Equinor Asa (EQNR) leads (Equinor Asa (EQNR) 57.3%, Kinder Morgan (KMI) 6.3%, Plug Power (PLUG) -188.4%).

Which stock has performed better?

Over the past year Equinor Asa (EQNR) returned the most: Equinor Asa (EQNR) +97.8%, Kinder Morgan (KMI) +28.7%, Plug Power (PLUG) -49.1%. Over five years, Kinder Morgan (KMI) compounded fastest (Equinor Asa (EQNR) +13.4%/yr, Kinder Morgan (KMI) +14.9%/yr, Plug Power (PLUG) -48.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Kinder Morgan (KMI) has the highest dividend yield: Equinor Asa (EQNR) 3.19%, Kinder Morgan (KMI) 3.53%. Plug Power (PLUG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Kinder Morgan (KMI) has been the steadiest (Equinor Asa (EQNR) 39.0%, Kinder Morgan (KMI) 21.2%, Plug Power (PLUG) 77.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EQNR, 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, Equinor Asa (EQNR) leads on 8. 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.