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Side-by-side financial comparison of Kinder Morgan (KMI) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
Kinder Morgan is the larger business by last-quarter revenue ($4.8B vs $4.0B, roughly 1.2× NetEase, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 20.7%, a 10.3% gap on every dollar of revenue. Over the past eight quarters, Kinder Morgan's revenue compounded faster (22.6% CAGR vs 9.7%).
Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals.
NetEase, Inc. is a Chinese developer and publisher of online PC and mobile games, advertising services, email services, and e-commerce platforms. It is one of the largest Internet and video game companies in the world and was founded by Ding Lei in June 1997.
KMI vs NTES — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.8B | $4.0B |
| Net Profit | $1.0B | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | 29.9% | 28.3% |
| Net Margin | 20.7% | 31.0% |
| Revenue YoY | 13.8% | — |
| Net Profit YoY | 36.1% | — |
| EPS (diluted) | $0.44 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $3.7B | $4.0B | ||
| Q2 25 | $3.6B | $3.9B | ||
| Q1 25 | $3.9B | $4.0B | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.3B | $3.7B | ||
| Q2 24 | $3.2B | $3.5B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $996.0M | — | ||
| Q3 25 | $628.0M | $1.2B | ||
| Q2 25 | $715.0M | $1.3B | ||
| Q1 25 | $717.0M | $1.5B | ||
| Q4 24 | $667.0M | — | ||
| Q3 24 | $625.0M | $955.7M | ||
| Q2 24 | $575.0M | $939.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 64.1% | ||
| Q2 25 | — | 64.7% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.9% | ||
| Q2 24 | — | 62.9% |
| Q1 26 | 29.9% | — | ||
| Q4 25 | 34.0% | — | ||
| Q3 25 | 28.6% | 28.3% | ||
| Q2 25 | 31.9% | 32.5% | ||
| Q1 25 | 29.6% | 36.2% | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 30.9% | 27.3% | ||
| Q2 24 | 32.3% | 27.4% |
| Q1 26 | 20.7% | — | ||
| Q4 25 | 24.8% | — | ||
| Q3 25 | 16.9% | 31.0% | ||
| Q2 25 | 19.8% | 32.6% | ||
| Q1 25 | 18.6% | 36.6% | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 19.0% | 25.6% | ||
| Q2 24 | 17.9% | 26.8% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.28 | — | ||
| Q2 25 | $0.32 | — | ||
| Q1 25 | $0.32 | — | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.28 | — | ||
| Q2 24 | $0.26 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $72.0M | $31.3B |
| Total DebtLower is stronger | $31.9B | — |
| Stockholders' EquityBook value | $32.6B | $160.8B |
| Total Assets | $73.1B | $214.5B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.0M | — | ||
| Q4 25 | $63.0M | — | ||
| Q3 25 | $71.0M | $31.3B | ||
| Q2 25 | $82.0M | $54.4B | ||
| Q1 25 | $80.0M | $41.7B | ||
| Q4 24 | $88.0M | — | ||
| Q3 24 | $108.0M | $20.2B | ||
| Q2 24 | $98.0M | $19.0B |
| Q1 26 | $31.9B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $32.6B | — | ||
| Q4 25 | $31.2B | — | ||
| Q3 25 | $30.7B | $160.8B | ||
| Q2 25 | $30.8B | $154.0B | ||
| Q1 25 | $30.6B | $147.8B | ||
| Q4 24 | $30.5B | — | ||
| Q3 24 | $30.4B | $135.6B | ||
| Q2 24 | $30.3B | $134.2B |
| Q1 26 | $73.1B | — | ||
| Q4 25 | $72.7B | — | ||
| Q3 25 | $72.3B | $214.5B | ||
| Q2 25 | $72.4B | $208.5B | ||
| Q1 25 | $72.3B | $200.9B | ||
| Q4 24 | $71.4B | — | ||
| Q3 24 | $70.9B | $184.9B | ||
| Q2 24 | $70.7B | $183.3B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.8B |
| Free Cash FlowOCF − Capex | — | $1.8B |
| FCF MarginFCF / Revenue | — | 44.7% |
| Capex IntensityCapex / Revenue | 16.7% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.7B | $898.8M |
| Q1 26 | — | — | ||
| Q4 25 | $872.0M | — | ||
| Q3 25 | $621.0M | $1.8B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $396.0M | $1.6B | ||
| Q4 24 | $738.0M | — | ||
| Q3 24 | $592.0M | $1.5B | ||
| Q2 24 | $1.1B | $875.6M |
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | — | ||
| Q3 25 | 16.7% | 44.7% | ||
| Q2 25 | 27.8% | 38.3% | ||
| Q1 25 | 10.3% | 40.4% | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 18.0% | 38.9% | ||
| Q2 24 | 34.4% | 25.0% |
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | — | ||
| Q3 25 | 21.3% | 1.0% | ||
| Q2 25 | 17.9% | 0.7% | ||
| Q1 25 | 19.8% | 1.6% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 20.0% | 1.4% | ||
| Q2 24 | 18.1% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.70× | — | ||
| Q3 25 | 2.25× | 1.47× | ||
| Q2 25 | 2.31× | 1.20× | ||
| Q1 25 | 1.62× | 1.15× | ||
| Q4 24 | 2.26× | — | ||
| Q3 24 | 2.00× | 1.58× | ||
| Q2 24 | 2.93× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMI
Segment breakdown not available.
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
