KMI vs PLUG vs TRGP Stock Comparison

Kinder Morgan, Plug Power and Targa Resources Prices as of Oct 26, 2026 Peers: Industry group
KMI Kinder Morgan, Inc.
$33.94 +10.4% 1M +31.2% 1Y
Market cap
$75.23B
P/E
20.9x
Revenue (TTM)
$18.34B
Div. yield
0.04%
Oil and Gas Pipelines Energy
7 wins
PLUG Plug Power Inc
$1.37 -30.8% 1M -53.6% 1Y
Market cap
$1.95B
P/E
–
Revenue (TTM)
$744.09M
Div. yield
–
Hydrogen Energy
1 win
TRGP Targa Resources Corp.
$304.61 +9.6% 1M +98.1% 1Y
Market cap
$64.82B
P/E
28.6x
Revenue (TTM)
$16.74B
Div. yield
–
Oil and Gas Pipelines Energy
3 wins

Head to Head

11 decided of 12

Kinder Morgan leads on 7 of the 12 questions below (Kinder Morgan 7, Targa Resources 3, Plug Power 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionKMIPLUGTRGPLeader
Larger companyMarket capitalisation $75.23B $1.95B $64.82B KMI
Cheaper on earningsLower P/E, profitable companies only 20.9x -1.2x 28.6x KMI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.8x — 28.7x KMI
Faster revenue growthRevenue growth, trailing twelve months +11.7% +10.6% -2.0% KMI
More profitableNet margin, trailing twelve months 19.6% -220.6% 13.5% KMI
Better return on capitalReturn on invested capital 6.3% -188.4% 13.2% TRGP
Less leveragedLower net debt / EBITDA 4.1x 0.1x 3.5x PLUG
Higher dividend yieldTrailing dividend yield 0.04% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +31.2% -53.6% +98.1% TRGP
Better 5-year returnAnnualised price return, 5 years +14.4%/yr -47.5%/yr +40.9%/yr TRGP
Less volatileAnnualised volatility, 1 year 21.2% 78.2% 28.5% KMI
Higher overall scoreMean of the five percentile scores vs peers 44/100 23/100 41/100 KMI

Percentile Scorecard

KMIPLUGTRGP

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

AxisKMIPLUGTRGP
Valuation 32 #24 of 35 0 #11 of 11 15 #30 of 35
Growth 67 #12 of 34 70 #4 of 11 79 #8 of 34
Profitability 52 #17 of 34 0 #9 of 9 70 #11 of 34
Financial Health 47 #19 of 35 20 #9 of 11 27 #26 of 35
Shareholder Returns 23 #24 of 31 – 17 #26 of 31
Overall 44 23 41
  • KMI ranked among 35 companies in Oil and Gas Midstream
  • PLUG ranked among 11 companies in Renewable Fuels
  • TRGP 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

PeriodKMIPLUGTRGPSPY
1 month +10.4%-30.8%+9.6% -0.8%
3 months +6.9%-33.5%+13.8% +3.5%
6 months +9.7%-55.5%+26.2% +7.0%
Year to date +23.5%-30.5%+65.1% +12.2%
1 year +31.2%-53.6%+98.1% +13.0%
3 years +107.3%-76.8%+261.0% +86.3%
3 years, per year +27.5%-38.6%+53.4% +23.1%
5 years +96.2%-96.0%+455.7% +68.6%
5 years, per year +14.4%-47.5%+40.9% +11.0%
10 years +57.9%-13.3%+551.4% +258.0%
10 years, per year +4.7%-1.4%+20.6% +13.6%

Risk

MeasureKMIPLUGTRGPSPY
Volatility, 1Y 21.2%78.2%28.5% 12.7%
Downside volatility, 1Y 20.6%70.0%26.3% 12.7%
Beta vs S&P 500, 1Y -0.222.25-0.34 1.00
Return / volatility, 1Y 1.47-0.683.44 1.02
Max drawdown, 5Y -20.4%-98.4%-32.6% -25.4%
From 52-week high -1.5%-66.9%0.0% -1.8%
52-week high $34.44$4.14$304.61 $779.14
52-week low $25.84$1.37$151.38 $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.

MultipleKMIPLUGTRGP
P/E now vs peer median 21.0xmedian 21.0x -1.2xmedian 10.9x 28.8xmedian 21.0x
P/S now vs peer median 4.1xmedian 2.7x 2.6xmedian 1.2x 3.9xmedian 2.7x
EV/EBITDA now vs peer median 13.8xmedian 11.0x -1.4xmedian 14.0x 15.4xmedian 11.0x
P/FCF now vs peer median 24.5xmedian 16.6x -3.4xmedian 14.0x 88.2xmedian 16.6x
P/B now vs peer median 2.3xmedian 2.6x 3.3xmedian 1.2x 17.2xmedian 2.6x
PEG now vs peer median 1.55median 1.92 -0.21median 0.19 0.70median 1.92

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 monthsKMIPLUGTRGP
Revenue $18.34B $744.09M $16.74B
Gross profit $12.18B -$138.00M $7.23B
Operating income $5.31B -$1.29B $3.84B
Net income $3.71B -$1.71B $2.30B
Free cash flow $3.08B -$560.50M $740.90M
R&D – $53.94M –
EPS (diluted) $1.62 $-1.18 $10.54
Cash & equivalents $918.00M $161.90M $132.30M
Total debt $33.07B $314.00K $19.58B
Shares (diluted) 2.23B 1.39B 215.20M
Enterprise value $74.09B $1.03B $64.29B

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
MetricKMIPLUGTRGP
P/E 21.0x -1.2x 28.8x
P/FCF 24.5x -3.4x 88.2x
P/Operating cash flow 11.2x -4.0x 15.2x
P/S 4.1x 2.6x 3.9x
P/B 2.3x 3.3x 17.2x
P/Tangible book 2.4x 3.4x 38.6x
EV/EBITDA 13.8x -1.4x 15.4x
EV/EBIT 20.3x -1.4x 22.1x
EV/Revenue 5.9x 2.4x 5.1x
EV/FCF 35.0x -3.1x 114.4x
EV/Operating cash flow 16.0x -3.6x 19.8x
PEG (3Y EPS CAGR) 1.55 -0.21 0.70

Growth

14 metrics
MetricKMIPLUGTRGP
Revenue growth (1Y) 11.7% 10.6% -2.0%
Revenue CAGR (3Y) 4.9% -5.4% -2.1%
Gross profit growth (1Y) 9.8% 70.1% 18.6%
Gross profit CAGR (3Y) 5.7% 20.4% 12.2%
Operating income growth (1Y) 18.9% 31.3% 27.6%
Operating income CAGR (3Y) 7.6% -15.4% 15.8%
Net income growth (1Y) 30.8% 13.3% 29.5%
Net income CAGR (3Y) 13.1% -26.9% 12.5%
EPS growth (1Y) 31.9% 32.5% 49.2%
EPS CAGR (3Y) 13.5% 5.5% 41.3%
Operating cash flow growth (1Y) 17.4% 20.0% 16.4%
Operating cash flow CAGR (3Y) 6.5% 22.8% 14.6%
Free cash flow growth (1Y) 11.8% 31.6% 73.3%
Free cash flow CAGR (3Y) -3.3% 30.6% -4.7%

Profitability

14 metrics
MetricKMIPLUGTRGP
Gross margin 66.4% -18.5% 43.2%
EBITDA margin 42.6% -168.2% 32.9%
Operating margin 29.0% -172.8% 22.9%
Pretax margin 25.8% -229.0% 17.5%
Net margin 19.6% -220.6% 13.5%
FCF margin 16.8% -75.3% 4.4%
Operating cash flow margin 36.7% -64.9% 25.6%
Return on equity 11.3% -251.3% 65.2%
Return on assets 5.0% -75.0% 8.3%
Return on invested capital 6.3% -188.4% 13.2%
Return on capital employed 7.6% -72.0% 15.7%
Asset turnover 0.2x 0.3x 0.6x
Cash conversion (OCF / net income) 1.8x 0.3x 1.9x
Stock comp / revenue – 7.2% 0.5%

Financial Health

11 metrics
MetricKMIPLUGTRGP
Debt / assets 43.9% 0.0% 68.7%
Debt / equity 1.0x 0.0x 5.2x
Net debt / EBITDA 4.1x 0.1x 3.5x
Debt / FCF 10.7x 0.0x 26.4x
Liabilities / assets 56.5% 73.2% 86.7%
Equity / assets 43.5% 26.8% 13.3%
Interest coverage – -17.9x –
Current ratio 0.7x 2.3x 0.8x
Quick ratio 0.2x 0.8x 0.6x
Cash ratio 0.2x 0.3x 0.0x
Altman Z-score 1.34 -6.08 2.73

Shareholder Returns

7 metrics
MetricKMIPLUGTRGP
Dividend yield 3.5% – 1.5%
Net buyback yield – -2.5% 0.5%
Shareholder yield 3.5% -2.5% 2.0%
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.

ConsensusKMIPLUGTRGP
Forward P/E 20.8xFY2026 – 28.7xFY2026
EPS, next fiscal year $1.63FY2026 $-0.41FY2026 $10.62FY2026
EPS growth, next FY +25.4%FY2026 – +24.4%FY2026
EPS growth, the year after -11.0% – +24.8%
Revenue, next fiscal year $17.89BFY2026 $799.33MFY2026 $19.51BFY2026
Revenue growth, next FY +5.6%FY2026 +12.6%FY2026 +14.6%FY2026
Revenue growth, the year after +0.4% +28.0% +14.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKMIPLUGTRGP
Held by institutions 69.3% 58.3% 93.5%
Institutions holding 1,811 508 1,085
Change in shares held, QoQ +3.3% +8.0% +2.9%
Institutions buying 898 276 558
Institutions selling 647 105 353
Buyers to sellers 1.39 2.63 1.58

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.

KMIPLUGTRGP
KMI 1.00 -0.01 0.66
PLUG -0.01 1.00 -0.03
TRGP 0.66 -0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, KMI, PLUG and TRGP?

Kinder Morgan (KMI) is the largest by market capitalisation: Kinder Morgan (KMI) $75.23B, Plug Power (PLUG) $1.95B, Targa Resources (TRGP) $64.82B.

Which stock is cheaper, KMI, PLUG and TRGP?

Kinder Morgan (KMI) trades on the lowest price-to-earnings ratio (Kinder Morgan (KMI) 20.9x, Plug Power (PLUG) -1.2x, Targa Resources (TRGP) 28.6x). On next year's consensus earnings, Kinder Morgan (KMI) is cheapest (Kinder Morgan (KMI) 20.8x, Targa Resources (TRGP) 28.7x). 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: Kinder Morgan (KMI) +11.7%, Plug Power (PLUG) +10.6%, Targa Resources (TRGP) -2.0%.

Which company is more profitable?

Kinder Morgan (KMI) has the highest net margin (Kinder Morgan (KMI) 19.6%, Plug Power (PLUG) -220.6%, Targa Resources (TRGP) 13.5%). On return on invested capital, Targa Resources (TRGP) leads (Kinder Morgan (KMI) 6.3%, Plug Power (PLUG) -188.4%, Targa Resources (TRGP) 13.2%).

Which stock has performed better?

Over the past year Targa Resources (TRGP) returned the most: Kinder Morgan (KMI) +31.2%, Plug Power (PLUG) -53.6%, Targa Resources (TRGP) +98.1%. Over five years, Targa Resources (TRGP) compounded fastest (Kinder Morgan (KMI) +14.4%/yr, Plug Power (PLUG) -47.5%/yr, Targa Resources (TRGP) +40.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Kinder Morgan (KMI) 0.04%, Plug Power (PLUG) 0.00%, Targa Resources (TRGP) 0.00%. Plug Power (PLUG) and Targa Resources (TRGP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Kinder Morgan (KMI) has been the steadiest (Kinder Morgan (KMI) 21.2%, Plug Power (PLUG) 78.2%, Targa Resources (TRGP) 28.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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.