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Side-by-side financial comparison of Kinder Morgan (KMI) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Kinder Morgan is the larger business by last-quarter revenue ($4.8B vs $4.6B, roughly 1.1× Principal Financial Group). Kinder Morgan runs the higher net margin — 20.7% vs 11.3%, a 9.4% gap on every dollar of revenue. On growth, Kinder Morgan posted the faster year-over-year revenue change (13.8% vs -3.7%). Over the past eight quarters, Kinder Morgan's revenue compounded faster (22.6% CAGR vs 6.3%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
KMI vs PFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.8B | $4.6B |
| Net Profit | $1.0B | $517.0M |
| Gross Margin | — | — |
| Operating Margin | 29.9% | — |
| Net Margin | 20.7% | 11.3% |
| Revenue YoY | 13.8% | -3.7% |
| Net Profit YoY | 36.1% | -42.9% |
| EPS (diluted) | $0.44 | $2.30 |
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 | $4.6B | ||
| Q3 25 | $3.7B | $3.7B | ||
| Q2 25 | $3.6B | $3.7B | ||
| Q1 25 | $3.9B | $3.7B | ||
| Q4 24 | $3.6B | $4.8B | ||
| Q3 24 | $3.3B | $3.0B | ||
| Q2 24 | $3.2B | $4.3B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $996.0M | $517.0M | ||
| Q3 25 | $628.0M | $213.8M | ||
| Q2 25 | $715.0M | $406.2M | ||
| Q1 25 | $717.0M | $48.1M | ||
| Q4 24 | $667.0M | $905.4M | ||
| Q3 24 | $625.0M | $-220.0M | ||
| Q2 24 | $575.0M | $353.1M |
| Q1 26 | 29.9% | — | ||
| Q4 25 | 34.0% | — | ||
| Q3 25 | 28.6% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 30.9% | — | ||
| Q2 24 | 32.3% | — |
| Q1 26 | 20.7% | — | ||
| Q4 25 | 24.8% | 11.3% | ||
| Q3 25 | 16.9% | 5.8% | ||
| Q2 25 | 19.8% | 11.1% | ||
| Q1 25 | 18.6% | 1.3% | ||
| Q4 24 | 18.7% | 19.1% | ||
| Q3 24 | 19.0% | -7.3% | ||
| Q2 24 | 17.9% | 8.2% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.45 | $2.30 | ||
| Q3 25 | $0.28 | $0.95 | ||
| Q2 25 | $0.32 | $1.79 | ||
| Q1 25 | $0.32 | $0.21 | ||
| Q4 24 | $0.30 | $3.92 | ||
| Q3 24 | $0.28 | $-0.95 | ||
| Q2 24 | $0.26 | $1.49 |
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 | $4.4B |
| Total DebtLower is stronger | $31.9B | $3.9B |
| Stockholders' EquityBook value | $32.6B | $11.9B |
| Total Assets | $73.1B | $341.4B |
| Debt / EquityLower = less leverage | 0.98× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.0M | — | ||
| Q4 25 | $63.0M | $4.4B | ||
| Q3 25 | $71.0M | $5.1B | ||
| Q2 25 | $82.0M | $3.7B | ||
| Q1 25 | $80.0M | $3.9B | ||
| Q4 24 | $88.0M | $4.2B | ||
| Q3 24 | $108.0M | $6.2B | ||
| Q2 24 | $98.0M | $4.8B |
| Q1 26 | $31.9B | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | $32.6B | — | ||
| Q4 25 | $31.2B | $11.9B | ||
| Q3 25 | $30.7B | $11.7B | ||
| Q2 25 | $30.8B | $11.4B | ||
| Q1 25 | $30.6B | $11.2B | ||
| Q4 24 | $30.5B | $11.1B | ||
| Q3 24 | $30.4B | $11.2B | ||
| Q2 24 | $30.3B | $11.0B |
| Q1 26 | $73.1B | — | ||
| Q4 25 | $72.7B | $341.4B | ||
| Q3 25 | $72.3B | $334.5B | ||
| Q2 25 | $72.4B | $323.1B | ||
| Q1 25 | $72.3B | $313.0B | ||
| Q4 24 | $71.4B | $313.7B | ||
| Q3 24 | $70.9B | $322.9B | ||
| Q2 24 | $70.7B | $308.8B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× |
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 | — | $1.7B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 16.7% | — |
| Cash ConversionOCF / Net Profit | — | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.6B | $811.9M | ||
| Q1 25 | $1.2B | $977.3M | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.7B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $872.0M | — | ||
| Q3 25 | $621.0M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $396.0M | — | ||
| Q4 24 | $738.0M | — | ||
| Q3 24 | $592.0M | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | — | ||
| Q3 25 | 16.7% | — | ||
| Q2 25 | 27.8% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 34.4% | — |
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | — | ||
| Q3 25 | 21.3% | — | ||
| Q2 25 | 17.9% | — | ||
| Q1 25 | 19.8% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 18.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.70× | 3.37× | ||
| Q3 25 | 2.25× | 4.70× | ||
| Q2 25 | 2.31× | 2.00× | ||
| Q1 25 | 1.62× | 20.32× | ||
| Q4 24 | 2.26× | 1.61× | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.93× | 4.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMI
Segment breakdown not available.
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
