Kinder Morgan (KMI) vs ONEOK (OKE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
ONEOK (OKE) has outperformed Kinder Morgan (KMI) over the past year, gaining 21.5% versus a gain of 13.6%. Over five years, KMI leads with a +72.4% price change compared with +35.2% for OKE. Kinder Morgan is the larger company by market cap ($70.86 billion vs $55.51 billion), about 1.3 times the size, while ONEOK is growing revenue faster (+55.0% vs +12.2%).
On valuation, ONEOK trades at a lower forward P/E (14.1x vs 20.6x for Kinder Morgan). ONEOK offers the higher dividend yield (4.82% vs 3.71%). Kinder Morgan converts more of its revenue into profit, with a net margin of 18.0% versus 10.1%.
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 | KMI | OKE |
|---|---|---|
| Share price | $31.82 | $88.05 |
| Market cap | $70.86B | $55.51B |
| 1-day change | -1.06% | -1.32% |
| YTD return | +15.75% | +19.80% |
| 1-year return | +13.60% | +21.53% |
| 5-year return | +72.37% | +35.21% |
| P/E ratio (TTM) | 20.80 | 15.42 |
| Forward P/E | 20.60 | 14.11 |
| EPS (TTM) | $1.53 | $5.71 |
| Dividend yield | 3.71% | 4.82% |
| Annual dividend | $1.18 | $4.24 |
| Revenue (latest FY) | $16.94B | $33.63B |
| Revenue growth (YoY) | +12.17% | +54.99% |
| Net income (latest FY) | $3.06B | $3.39B |
| Gross margin | 67.36% | 30.50% |
| Operating margin | 27.89% | 17.07% |
| Net margin | 18.04% | 10.09% |
| 52-week high | $34.81 | $99.85 |
| 52-week low | $25.60 | $64.02 |
| Distance from 52-week high | -8.59% | -11.82% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +13.42% | +14.93% |
| Average volume | 11.16M | 3.64M |
| Shares outstanding | 2.23B | 630.41M |
| Employees | 11,028 | 6,326 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Oil & Gas Production |
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 trades at a higher earnings multiple (20.8x vs 15.4x trailing P/E).
- ONEOK offers a meaningfully higher dividend yield (4.82% vs 3.71%).
- Kinder Morgan is more profitable, keeping 18.0 cents of every revenue dollar as net income versus 10.1 cents for ONEOK.
- ONEOK grew revenue faster in its latest fiscal year (+54.99% vs +12.17%).
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
About ONEOK
OKE stock →ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
Utilities · Oil & Gas Production · 6,326 employees
KMI vs OKE FAQ
Which is bigger, Kinder Morgan or ONEOK?
Kinder Morgan (KMI) is larger, with a market capitalization of $70.86B compared with $55.51B for ONEOK (OKE).
Which stock has performed better over the past year, KMI or OKE?
OKE returned +21.53% over the past 12 months, compared with +13.60% for KMI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KMI or OKE?
OKE has the lower trailing P/E at 15.4, versus 20.8 for KMI. 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, Kinder Morgan or ONEOK?
ONEOK has the higher yield at 4.82%, compared with 3.71% for Kinder Morgan.
Are Kinder Morgan and ONEOK in the same industry?
Both are in the Utilities sector, but in different industries: Natural Gas Distribution for Kinder Morgan and Oil & Gas Production for ONEOK.