DT Midstream (DTM) vs Kinder Morgan (KMI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Kinder Morgan (KMI) has outperformed DT Midstream (DTM) over the past year, gaining 13.6% versus a gain of 7.6%. Over five years, DTM leads with a +145.8% price change compared with +72.4% for KMI. Kinder Morgan is the larger company by market cap ($70.86 billion vs $12.52 billion), about 5.7 times the size, while DT Midstream is growing revenue faster (+26.7% vs +12.2%).
On valuation, Kinder Morgan trades at a lower forward P/E (20.6x vs 25.3x for DT Midstream). Kinder Morgan offers the higher dividend yield (3.71% vs 2.77%). DT Midstream converts more of its revenue into profit, with a net margin of 35.5% versus 18.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DTM | KMI |
|---|---|---|
| Share price | $122.69 | $31.82 |
| Market cap | $12.52B | $70.86B |
| 1-day change | -1.53% | -1.06% |
| YTD return | +2.52% | +15.75% |
| 1-year return | +7.61% | +13.60% |
| 5-year return | +145.77% | +72.37% |
| P/E ratio (TTM) | 26.85 | 20.53 |
| Forward P/E | 25.29 | 20.60 |
| EPS (TTM) | $4.57 | $1.55 |
| Dividend yield | 2.77% | 3.71% |
| Annual dividend | $3.40 | $1.18 |
| Revenue (latest FY) | $1.24B | $16.94B |
| Revenue growth (YoY) | +26.71% | +12.17% |
| Net income (latest FY) | $441.00M | $3.06B |
| Gross margin | — | 67.36% |
| Operating margin | 49.40% | 27.89% |
| Net margin | 35.48% | 18.04% |
| 52-week high | $152.88 | $34.81 |
| 52-week low | $104.99 | $25.60 |
| Distance from 52-week high | -19.75% | -8.59% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +24.38% | +13.42% |
| Average volume | 917.64K | 11.16M |
| Shares outstanding | 102.02M | 2.23B |
| Employees | 588 | 11,028 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Kinder Morgan is about 5.7 times larger than DT Midstream by market value ($70.86B vs $12.52B).
- DT Midstream trades at a higher earnings multiple (26.8x vs 20.5x trailing P/E).
- DT Midstream is more profitable, keeping 35.5 cents of every revenue dollar as net income versus 18.0 cents for Kinder Morgan.
- DT Midstream grew revenue faster in its latest fiscal year (+26.71% vs +12.17%).
About DT Midstream
DTM stock →DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates in two segments, Pipeline and Gathering.
Utilities · Natural Gas Distribution · 588 employees
About Kinder Morgan
KMI stock →Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America.
Utilities · Natural Gas Distribution · 11,028 employees
DTM vs KMI FAQ
Which is bigger, DT Midstream or Kinder Morgan?
Kinder Morgan (KMI) is larger, with a market capitalization of $70.86B compared with $12.52B for DT Midstream (DTM).
Which stock has performed better over the past year, DTM or KMI?
KMI returned +13.60% over the past 12 months, compared with +7.61% for DTM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DTM or KMI?
KMI has the lower trailing P/E at 20.5, versus 26.8 for DTM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, DT Midstream or Kinder Morgan?
Kinder Morgan has the higher yield at 3.71%, compared with 2.77% for DT Midstream.
Are DT Midstream and Kinder Morgan in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.