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Kinder Morgan vs Cheniere Energy

Cheniere Energy is the larger business, with $19.98bn of revenue in fiscal 2025 against $16.94bn for Kinder Morgan (1.2 times as much). Cheniere Energy grew faster (27.2% against 12.2%). Cheniere Energy kept more of each dollar of sales as profit: a net margin of 26.7% against 18.0%.

Latest fiscal yearKinder MorganKMI, 2025Cheniere EnergyLNG, 2025
Revenue $16.94bn $19.98bn
Revenue growth 12.2% 27.2%
Net income $3.06bn $5.33bn
Operating margin — 45.6%
Net margin 18.0% 26.7%
Return on equity 9.9% 78.3%
Free cash flow $2.89bn $2.46bn
Cash $63.0m $1.10bn
Total debt $32.00bn $23.00bn
Debt to equity — 290.5%
Dividend per share $1.17 —
Dividend yield 3.6% 0.7%
Share buybacks $0 $2.72bn
Employees — 1,717
Market value $73.60bn $64.66bn
Price vs our value range Above our value range —
Moat score 64 (Moderate) 51 (Moderate)
Insider trades, 12 months 1 buys, 19 sales 2 buys, 7 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.