Invesaro

Stocks Comparison

Kinder Morgan vs Western Midstream Partners: revenue, profit, margins and growth compared

Kinder Morgan brought in $16.9B of revenue in fiscal 2025, Western Midstream Partners $3.8B in fiscal 2025. Revenue changed by +12.2% at Kinder Morgan and +6.6% at Western Midstream Partners on the year before, so Kinder Morgan grew faster. Kinder Morgan kept 18.0% of its revenue as net profit, Western Midstream Partners 30.7%. Free cash flow was $2.9B at Kinder Morgan and $1.5B at Western Midstream Partners.

Open the KMI pageOpen the WES page

Side by side, latest fiscal year

KMIWES
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$16.9B$3.8B
Revenue growth+12.2%+6.6%
Net income$3.1B$1.2B
Net margin18.0%30.7%
Free cash flow$2.9B$1.5B
Free cash flow margin17.1%38.9%
Earnings per share (diluted)$1.37n/a
Cash$63M$819.5M
Debt$30.8B$8.6B
Price to earnings22.4n/a
Market value$68.5B$18.8B
Dividend yield3.80%n/a
Rank by revenue in sector#17 of 109 · Utilities#45 of 109 · Utilities

Over the years

Revenue
KMI FY2018: $14.1BKMI FY2019: $13.2BKMI FY2020: $11.7BKMI FY2021: $16.6BKMI FY2022: $19.2BKMI FY2023: $15.3BKMI FY2024: $15.1BKMI FY2025: $16.9BWES FY2018: $2.3BWES FY2019: $2.7BWES FY2020: $2.8BWES FY2021: $2.9BWES FY2022: $3.3BWES FY2023: $3.1BWES FY2024: $3.6BWES FY2025: $3.8BFY18FY19FY20FY21FY22FY23FY24FY25
KMI $16.9BWES $3.8B
Net income
KMI FY2018: $1.6BKMI FY2019: $2.2BKMI FY2020: $119MKMI FY2021: $1.8BKMI FY2022: $2.5BKMI FY2023: $2.4BKMI FY2024: $2.6BKMI FY2025: $3.1BWES FY2018: $551.6MWES FY2019: $697.2MWES FY2020: $527MWES FY2021: $916.3MWES FY2022: $1.2BWES FY2023: $1BWES FY2024: $1.6BWES FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
KMI $3.1BWES $1.2B
Net margin
KMI FY2018: 11.4%KMI FY2019: 16.6%KMI FY2020: 1.0%KMI FY2021: 10.7%KMI FY2022: 13.3%KMI FY2023: 15.6%KMI FY2024: 17.3%KMI FY2025: 18.0%WES FY2018: 23.9%WES FY2019: 25.4%WES FY2020: 19.0%WES FY2021: 31.8%WES FY2022: 37.4%WES FY2023: 32.9%WES FY2024: 43.6%WES FY2025: 30.7%FY18FY19FY20FY21FY22FY23FY24FY25
KMI 18.0%WES 30.7%
Revenue growth
KMI FY2019: -6.6%KMI FY2020: -11.4%KMI FY2021: +42.0%KMI FY2022: +15.6%KMI FY2023: -20.1%KMI FY2024: -1.5%KMI FY2025: +12.2%WES FY2019: +19.1%WES FY2020: +1.0%WES FY2021: +3.8%WES FY2022: +13.0%WES FY2023: -4.5%WES FY2024: +16.1%WES FY2025: +6.6%FY19FY20FY21FY22FY23FY24FY25
KMI +12.2%WES +6.6%
Free cash flow
KMI FY2018: $2.1BKMI FY2019: $2.5BKMI FY2020: $2.8BKMI FY2021: $4.4BKMI FY2022: $3.3BKMI FY2023: $4.2BKMI FY2024: $3BKMI FY2025: $2.9BWES FY2018: -$600.4MWES FY2019: $134.8MWES FY2020: $1.2BWES FY2021: $1.5BWES FY2022: $1.2BWES FY2023: $926.3MWES FY2024: $1.3BWES FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
KMI $2.9BWES $1.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Kinder Morgan and Western Midstream Partners

Which is bigger by revenue, Kinder Morgan or Western Midstream Partners?

Kinder Morgan is bigger by revenue: $16.9B in fiscal 2025, against $3.8B for Western Midstream Partners in fiscal 2025.

Which keeps more of its revenue as profit, Kinder Morgan or Western Midstream Partners?

Kinder Morgan had a net margin of 18.0% in fiscal 2025; Western Midstream Partners had 30.7% in fiscal 2025.

Which grew revenue faster, Kinder Morgan or Western Midstream Partners?

In their latest fiscal years revenue changed by +12.2% at Kinder Morgan and +6.6% at Western Midstream Partners.

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.

More comparisons

ET vs KMI
KMI vs TRGP
KMI vs WMB
ET vs WES
TRGP vs WES
WES vs WMB

Compare more companies