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Kinder Morgan vs Williams Companies: revenue, profit, margins and growth compared

Kinder Morgan brought in $16.9B of revenue in fiscal 2025, Williams Companies $14.9B in fiscal 2025. Revenue changed by +12.2% at Kinder Morgan and +17.9% at Williams Companies on the year before, so Williams Companies grew faster. Kinder Morgan kept 18.0% of its revenue as net profit, Williams Companies 17.6%. Free cash flow was $2.9B at Kinder Morgan and $1B at Williams Companies.

Side by side, latest fiscal year

KMIWMB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$16.9B$14.9B
Revenue growth+12.2%+17.9%
Net income$3.1B$2.6B
Net margin18.0%17.6%
Free cash flow$2.9B$1B
Free cash flow margin17.1%6.7%
Earnings per share (diluted)$1.37$2.14
Cash$63M$63M
Debt$30.8B$28.7B
Price to earnings22.432.4
Market value$68.5B$84.7B
Dividend yield3.80%2.89%
Rank by revenue in sector#17 of 109 · Utilities#21 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: $16.9BWMB FY2018: $8.7BWMB FY2019: $8.2BWMB FY2020: $7.7BWMB FY2021: $12.8BWMB FY2022: $17.8BWMB FY2023: $12BWMB FY2024: $12.6BWMB FY2025: $14.9BFY18FY19FY20FY21FY22FY23FY24FY25
KMI $16.9BWMB $14.9B
Net income
KMI FY2018: $1.6BKMI FY2019: $2.2BKMI FY2020: $119MKMI FY2021: $1.8BKMI FY2022: $2.5BKMI FY2023: $2.4BKMI FY2024: $2.6BKMI FY2025: $3.1BWMB FY2018: -$155MWMB FY2019: $850MWMB FY2020: $211MWMB FY2021: $1.5BWMB FY2022: $2BWMB FY2023: $3.2BWMB FY2024: $2.2BWMB FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
KMI $3.1BWMB $2.6B
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%WMB FY2018: -1.8%WMB FY2019: 10.4%WMB FY2020: 2.7%WMB FY2021: 11.9%WMB FY2022: 11.5%WMB FY2023: 26.5%WMB FY2024: 17.6%WMB FY2025: 17.6%FY18FY19FY20FY21FY22FY23FY24FY25
KMI 18.0%WMB 17.6%
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%WMB FY2019: -5.6%WMB FY2020: -5.9%WMB FY2021: +65.6%WMB FY2022: +39.0%WMB FY2023: -32.5%WMB FY2024: +5.3%WMB FY2025: +17.9%FY19FY20FY21FY22FY23FY24FY25
KMI +12.2%WMB +17.9%
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: $2.9BWMB FY2018: $37MWMB FY2019: $1.6BWMB FY2020: $2.3BWMB FY2021: $2.7BWMB FY2022: $2.6BWMB FY2023: $3.4BWMB FY2024: $2.4BWMB FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
KMI $2.9BWMB $1B

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

Questions about Kinder Morgan and Williams Companies

Which is bigger by revenue, Kinder Morgan or Williams Companies?

Kinder Morgan is bigger by revenue: $16.9B in fiscal 2025, against $14.9B for Williams Companies in fiscal 2025.

Which keeps more of its revenue as profit, Kinder Morgan or Williams Companies?

Kinder Morgan had a net margin of 18.0% in fiscal 2025; Williams Companies had 17.6% in fiscal 2025.

Which grew revenue faster, Kinder Morgan or Williams Companies?

In their latest fiscal years revenue changed by +12.2% at Kinder Morgan and +17.9% at Williams Companies.

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.

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