Kinder Morgan (KMI) vs South Bow (SOBO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
South Bow (SOBO) has outperformed Kinder Morgan (KMI) over the past year, gaining 19.0% versus a gain of 14.6%. Kinder Morgan is the larger company by market cap ($71.81 billion vs $7.06 billion), about 10.2 times the size. On valuation, South Bow trades at a lower forward P/E (17.4x vs 20.9x for Kinder Morgan).
South Bow offers the higher dividend yield (5.91% vs 3.66%). South Bow converts more of its revenue into profit, with a net margin of 21.8% 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 | KMI | SOBO |
|---|---|---|
| Share price | $32.25 | $33.84 |
| Market cap | $71.81B | $7.06B |
| 1-day change | +1.35% | +1.41% |
| YTD return | +17.32% | +23.19% |
| 1-year return | +14.61% | +19.03% |
| 5-year return | +74.70% | — |
| P/E ratio (TTM) | 20.81 | 15.38 |
| Forward P/E | 20.88 | 17.43 |
| EPS (TTM) | $1.55 | $2.20 |
| Dividend yield | 3.66% | 5.91% |
| Annual dividend | $1.18 | $2.00 |
| Revenue (latest FY) | $16.94B | $1.99B |
| Revenue growth (YoY) | +12.17% | -6.32% |
| Net income (latest FY) | $3.06B | $433.00M |
| Gross margin | 67.36% | 84.24% |
| Operating margin | 27.89% | — |
| Net margin | 18.04% | 21.80% |
| 52-week high | $34.81 | $39.02 |
| 52-week low | $25.60 | $25.02 |
| Distance from 52-week high | -7.35% | -13.27% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +11.91% | +4.73% |
| Average volume | 11.25M | 618.51K |
| Shares outstanding | 2.23B | 208.59M |
| Employees | 11,028 | — |
| Sector | Utilities | Energy |
| 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 10.2 times larger than South Bow by market value ($71.81B vs $7.06B).
- Kinder Morgan trades at a higher earnings multiple (20.8x vs 15.4x trailing P/E).
- South Bow offers a meaningfully higher dividend yield (5.91% vs 3.66%).
- Kinder Morgan grew revenue faster in its latest fiscal year (+12.17% vs -6.32%).
- The two companies sit in different sectors: Kinder Morgan in Utilities and South Bow in Energy.
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 South Bow
SOBO stock →South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other.
Energy · Natural Gas Distribution
KMI vs SOBO FAQ
Which is bigger, Kinder Morgan or South Bow?
Kinder Morgan (KMI) is larger, with a market capitalization of $71.81B compared with $7.06B for South Bow (SOBO).
Which stock has performed better over the past year, KMI or SOBO?
SOBO returned +19.03% over the past 12 months, compared with +14.61% for KMI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KMI or SOBO?
SOBO 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 South Bow?
South Bow has the higher yield at 5.91%, compared with 3.66% for Kinder Morgan.
Are Kinder Morgan and South Bow in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.