Kinder Morgan vs Mplx LP
Kinder Morgan is the larger business, with $16.94bn of revenue in fiscal 2025 against $13.00bn for Mplx LP (1.3 times as much). Kinder Morgan grew faster (12.2% against 8.9%). Mplx LP kept more of each dollar of sales as profit: a net margin of 37.8% against 18.0%.
| Latest fiscal year | Kinder MorganKMI, 2025 | Mplx LPMPLX, 2025 |
|---|---|---|
| Revenue | $16.94bn | $13.00bn |
| Revenue growth | 12.2% | 8.9% |
| Net income | $3.06bn | $4.91bn |
| Operating margin | — | 45.7% |
| Net margin | 18.0% | 37.8% |
| Return on equity | 9.9% | — |
| Free cash flow | $2.89bn | $4.10bn |
| Cash | $63.0m | $2.14bn |
| Total debt | $32.00bn | $26.01bn |
| Debt to equity | — | — |
| Dividend per share | $1.17 | — |
| Dividend yield | 3.6% | — |
| Share buybacks | $0 | $400m |
| Employees | — | 5,762 |
| Market value | $73.60bn | $58.30bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 64 (Moderate) | 74 (Strong) |
| Insider trades, 12 months | 1 buys, 19 sales | 0 buys, 0 sales |