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Side-by-side financial comparison of Kinder Morgan (KMI) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Kinder Morgan is the larger business by last-quarter revenue ($4.8B vs $3.1B, roughly 1.5× Molson Coors Beverage Company). Kinder Morgan runs the higher net margin — 20.7% vs 7.6%, a 13.1% gap on every dollar of revenue. On growth, Kinder Morgan posted the faster year-over-year revenue change (13.8% vs -3.6%). Over the past eight quarters, Kinder Morgan's revenue compounded faster (22.6% CAGR vs 1.2%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

KMI vs TAP — Head-to-Head

Bigger by revenue
KMI
KMI
1.5× larger
KMI
$4.8B
$3.1B
TAP
Growing faster (revenue YoY)
KMI
KMI
+17.5% gap
KMI
13.8%
-3.6%
TAP
Higher net margin
KMI
KMI
13.1% more per $
KMI
20.7%
7.6%
TAP
Faster 2-yr revenue CAGR
KMI
KMI
Annualised
KMI
22.6%
1.2%
TAP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
KMI
KMI
TAP
TAP
Revenue
$4.8B
$3.1B
Net Profit
$1.0B
$238.3M
Gross Margin
31.0%
Operating Margin
29.9%
10.4%
Net Margin
20.7%
7.6%
Revenue YoY
13.8%
-3.6%
Net Profit YoY
34.7%
-17.2%
EPS (diluted)
$0.44
$1.32

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.

Revenue
KMI
KMI
TAP
TAP
Q1 26
$4.8B
Q4 25
$4.0B
$3.1B
Q3 25
$3.7B
$3.5B
Q2 25
$3.6B
$3.7B
Q1 25
$3.9B
$2.7B
Q4 24
$3.6B
$3.2B
Q3 24
$3.3B
$3.6B
Q2 24
$3.2B
$3.8B
Net Profit
KMI
KMI
TAP
TAP
Q1 26
$1.0B
Q4 25
$996.0M
$238.3M
Q3 25
$628.0M
$-2.9B
Q2 25
$715.0M
$428.7M
Q1 25
$717.0M
$121.0M
Q4 24
$667.0M
$287.8M
Q3 24
$625.0M
$199.8M
Q2 24
$575.0M
$427.0M
Gross Margin
KMI
KMI
TAP
TAP
Q1 26
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Operating Margin
KMI
KMI
TAP
TAP
Q1 26
29.9%
Q4 25
34.0%
10.4%
Q3 25
28.6%
-98.5%
Q2 25
31.9%
15.6%
Q1 25
29.6%
6.9%
Q4 24
31.0%
12.0%
Q3 24
30.9%
12.5%
Q2 24
32.3%
15.6%
Net Margin
KMI
KMI
TAP
TAP
Q1 26
20.7%
Q4 25
24.8%
7.6%
Q3 25
16.9%
-84.0%
Q2 25
19.8%
11.5%
Q1 25
18.6%
4.5%
Q4 24
18.7%
8.9%
Q3 24
19.0%
5.5%
Q2 24
17.9%
11.1%
EPS (diluted)
KMI
KMI
TAP
TAP
Q1 26
$0.44
Q4 25
$0.45
$1.32
Q3 25
$0.28
$-14.79
Q2 25
$0.32
$2.13
Q1 25
$0.32
$0.59
Q4 24
$0.30
$1.39
Q3 24
$0.28
$0.96
Q2 24
$0.26
$2.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KMI
KMI
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$72.0M
$896.5M
Total DebtLower is stronger
$31.9B
$6.3B
Stockholders' EquityBook value
$32.6B
$10.2B
Total Assets
$73.1B
$22.7B
Debt / EquityLower = less leverage
0.98×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMI
KMI
TAP
TAP
Q1 26
$72.0M
Q4 25
$63.0M
$896.5M
Q3 25
$71.0M
$950.2M
Q2 25
$82.0M
$613.8M
Q1 25
$80.0M
$412.7M
Q4 24
$88.0M
$969.3M
Q3 24
$108.0M
$1.0B
Q2 24
$98.0M
$1.6B
Total Debt
KMI
KMI
TAP
TAP
Q1 26
$31.9B
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Stockholders' Equity
KMI
KMI
TAP
TAP
Q1 26
$32.6B
Q4 25
$31.2B
$10.2B
Q3 25
$30.7B
$10.3B
Q2 25
$30.8B
$13.4B
Q1 25
$30.6B
$13.1B
Q4 24
$30.5B
$13.1B
Q3 24
$30.4B
$13.3B
Q2 24
$30.3B
$13.2B
Total Assets
KMI
KMI
TAP
TAP
Q1 26
$73.1B
Q4 25
$72.7B
$22.7B
Q3 25
$72.3B
$22.9B
Q2 25
$72.4B
$26.8B
Q1 25
$72.3B
$25.9B
Q4 24
$71.4B
$26.1B
Q3 24
$70.9B
$26.6B
Q2 24
$70.7B
$27.4B
Debt / Equity
KMI
KMI
TAP
TAP
Q1 26
0.98×
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KMI
KMI
TAP
TAP
Operating Cash FlowLast quarter
$540.7M
Free Cash FlowOCF − Capex
$357.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
16.7%
5.9%
Cash ConversionOCF / Net Profit
2.27×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMI
KMI
TAP
TAP
Q1 26
Q4 25
$1.7B
$540.7M
Q3 25
$1.4B
$616.1M
Q2 25
$1.6B
$718.3M
Q1 25
$1.2B
$-90.7M
Q4 24
$1.5B
$494.5M
Q3 24
$1.2B
$521.2M
Q2 24
$1.7B
$869.2M
Free Cash Flow
KMI
KMI
TAP
TAP
Q1 26
Q4 25
$872.0M
$357.8M
Q3 25
$621.0M
$483.0M
Q2 25
$1.0B
$555.0M
Q1 25
$396.0M
$-328.0M
Q4 24
$738.0M
$383.4M
Q3 24
$592.0M
$350.4M
Q2 24
$1.1B
$691.7M
FCF Margin
KMI
KMI
TAP
TAP
Q1 26
Q4 25
21.7%
11.4%
Q3 25
16.7%
13.9%
Q2 25
27.8%
14.8%
Q1 25
10.3%
-12.2%
Q4 24
20.7%
11.8%
Q3 24
18.0%
9.7%
Q2 24
34.4%
18.0%
Capex Intensity
KMI
KMI
TAP
TAP
Q1 26
16.7%
Q4 25
20.4%
5.9%
Q3 25
21.3%
3.8%
Q2 25
17.9%
4.4%
Q1 25
19.8%
8.8%
Q4 24
21.6%
3.4%
Q3 24
20.0%
4.7%
Q2 24
18.1%
4.6%
Cash Conversion
KMI
KMI
TAP
TAP
Q1 26
Q4 25
1.70×
2.27×
Q3 25
2.25×
Q2 25
2.31×
1.68×
Q1 25
1.62×
-0.75×
Q4 24
2.26×
1.72×
Q3 24
2.00×
2.61×
Q2 24
2.93×
2.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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