Stocks Comparison
Kinder Morgan vs Targa Resources: revenue, profit, margins and growth compared
Kinder Morgan brought in $16.9B of revenue in fiscal 2025, Targa Resources $17B in fiscal 2025. Revenue changed by +12.2% at Kinder Morgan and +3.9% at Targa Resources on the year before, so Kinder Morgan grew faster. Kinder Morgan kept 18.0% of its revenue as net profit, Targa Resources 11.3%. Free cash flow was $2.9B at Kinder Morgan and $584.1M at Targa Resources.
Side by side, latest fiscal year
| KMI | TRGP | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $16.9B | $17B |
| Revenue growth | +12.2% | +3.9% |
| Net income | $3.1B | $1.9B |
| Net margin | 18.0% | 11.3% |
| Free cash flow | $2.9B | $584.1M |
| Free cash flow margin | 17.1% | 3.4% |
| Earnings per share (diluted) | $1.37 | $8.49 |
| Cash | $63M | $166.1M |
| Debt | $30.8B | $17.4B |
| Price to earnings | 22.4 | 32.7 |
| Market value | $68.5B | $59.6B |
| Dividend yield | 3.80% | 1.35% |
| Rank by revenue in sector | #17 of 109 · Utilities | #16 of 109 · Utilities |
Over the years
Questions about Kinder Morgan and Targa Resources
Which is bigger by revenue, Kinder Morgan or Targa Resources?
Targa Resources is bigger by revenue: $17B in fiscal 2025, against $16.9B for Kinder Morgan in fiscal 2025.
Which keeps more of its revenue as profit, Kinder Morgan or Targa Resources?
Kinder Morgan had a net margin of 18.0% in fiscal 2025; Targa Resources had 11.3% in fiscal 2025.
Which grew revenue faster, Kinder Morgan or Targa Resources?
In their latest fiscal years revenue changed by +12.2% at Kinder Morgan and +3.9% at Targa Resources.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.