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Side-by-side financial comparison of Kinder Morgan (KMI) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.

Kinder Morgan is the larger business by last-quarter revenue ($4.8B vs $2.6B, roughly 1.8× Vertiv Holdings Co). Kinder Morgan runs the higher net margin — 20.7% vs 14.7%, a 6.0% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 13.8%). Over the past eight quarters, Kinder Morgan's revenue compounded faster (22.6% CAGR vs 16.5%).

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.

Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.

KMI vs VRT — Head-to-Head

Bigger by revenue
KMI
KMI
1.8× larger
KMI
$4.8B
$2.6B
VRT
Growing faster (revenue YoY)
VRT
VRT
+16.3% gap
VRT
30.1%
13.8%
KMI
Higher net margin
KMI
KMI
6.0% more per $
KMI
20.7%
14.7%
VRT
Faster 2-yr revenue CAGR
KMI
KMI
Annualised
KMI
22.6%
16.5%
VRT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
KMI
KMI
VRT
VRT
Revenue
$4.8B
$2.6B
Net Profit
$1.0B
$390.1M
Gross Margin
37.7%
Operating Margin
29.9%
Net Margin
20.7%
14.7%
Revenue YoY
13.8%
30.1%
Net Profit YoY
36.1%
EPS (diluted)
$0.44
$0.99

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
VRT
VRT
Q1 26
$4.8B
$2.6B
Q4 25
$4.0B
$2.9B
Q3 25
$3.7B
$2.7B
Q2 25
$3.6B
$2.6B
Q1 25
$3.9B
$2.0B
Q4 24
$3.6B
$2.3B
Q3 24
$3.3B
$2.1B
Q2 24
$3.2B
$2.0B
Net Profit
KMI
KMI
VRT
VRT
Q1 26
$1.0B
$390.1M
Q4 25
$996.0M
$445.6M
Q3 25
$628.0M
$398.5M
Q2 25
$715.0M
$324.2M
Q1 25
$717.0M
$164.5M
Q4 24
$667.0M
$147.0M
Q3 24
$625.0M
$176.6M
Q2 24
$575.0M
$178.1M
Gross Margin
KMI
KMI
VRT
VRT
Q1 26
37.7%
Q4 25
38.9%
Q3 25
37.8%
Q2 25
34.0%
Q1 25
33.7%
Q4 24
37.1%
Q3 24
36.5%
Q2 24
38.0%
Operating Margin
KMI
KMI
VRT
VRT
Q1 26
29.9%
Q4 25
34.0%
20.1%
Q3 25
28.6%
19.3%
Q2 25
31.9%
16.8%
Q1 25
29.6%
14.3%
Q4 24
31.0%
19.5%
Q3 24
30.9%
17.9%
Q2 24
32.3%
17.2%
Net Margin
KMI
KMI
VRT
VRT
Q1 26
20.7%
14.7%
Q4 25
24.8%
15.5%
Q3 25
16.9%
14.9%
Q2 25
19.8%
12.3%
Q1 25
18.6%
8.1%
Q4 24
18.7%
6.3%
Q3 24
19.0%
8.5%
Q2 24
17.9%
9.1%
EPS (diluted)
KMI
KMI
VRT
VRT
Q1 26
$0.44
$0.99
Q4 25
$0.45
$1.14
Q3 25
$0.28
$1.02
Q2 25
$0.32
$0.83
Q1 25
$0.32
$0.42
Q4 24
$0.30
$0.38
Q3 24
$0.28
$0.46
Q2 24
$0.26
$0.46

Balance Sheet & Financial Strength

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

Metric
KMI
KMI
VRT
VRT
Cash + ST InvestmentsLiquidity on hand
$72.0M
$2.5B
Total DebtLower is stronger
$31.9B
$0
Stockholders' EquityBook value
$32.6B
$4.2B
Total Assets
$73.1B
$13.4B
Debt / EquityLower = less leverage
0.98×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMI
KMI
VRT
VRT
Q1 26
$72.0M
$2.5B
Q4 25
$63.0M
$1.7B
Q3 25
$71.0M
$1.4B
Q2 25
$82.0M
$1.6B
Q1 25
$80.0M
$1.5B
Q4 24
$88.0M
$1.2B
Q3 24
$108.0M
$908.7M
Q2 24
$98.0M
$579.7M
Total Debt
KMI
KMI
VRT
VRT
Q1 26
$31.9B
$0
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$2.9B
Q4 24
$2.9B
Q3 24
$2.9B
Q2 24
$2.9B
Stockholders' Equity
KMI
KMI
VRT
VRT
Q1 26
$32.6B
$4.2B
Q4 25
$31.2B
$3.9B
Q3 25
$30.7B
$3.5B
Q2 25
$30.8B
$3.1B
Q1 25
$30.6B
$2.7B
Q4 24
$30.5B
$2.4B
Q3 24
$30.4B
$1.8B
Q2 24
$30.3B
$1.5B
Total Assets
KMI
KMI
VRT
VRT
Q1 26
$73.1B
$13.4B
Q4 25
$72.7B
$12.2B
Q3 25
$72.3B
$10.8B
Q2 25
$72.4B
$10.4B
Q1 25
$72.3B
$9.5B
Q4 24
$71.4B
$9.1B
Q3 24
$70.9B
$8.9B
Q2 24
$70.7B
$8.1B
Debt / Equity
KMI
KMI
VRT
VRT
Q1 26
0.98×
0.00×
Q4 25
0.74×
Q3 25
0.83×
Q2 25
0.93×
Q1 25
1.10×
Q4 24
1.20×
Q3 24
1.62×
Q2 24
1.91×

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
VRT
VRT
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$652.8M
FCF MarginFCF / Revenue
24.6%
Capex IntensityCapex / Revenue
16.7%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMI
KMI
VRT
VRT
Q1 26
Q4 25
$1.7B
$978.9M
Q3 25
$1.4B
$508.7M
Q2 25
$1.6B
$322.9M
Q1 25
$1.2B
$303.3M
Q4 24
$1.5B
$425.2M
Q3 24
$1.2B
$378.2M
Q2 24
$1.7B
$378.4M
Free Cash Flow
KMI
KMI
VRT
VRT
Q1 26
$652.8M
Q4 25
$872.0M
$885.6M
Q3 25
$621.0M
$463.5M
Q2 25
$1.0B
$277.9M
Q1 25
$396.0M
$266.8M
Q4 24
$738.0M
$364.5M
Q3 24
$592.0M
$341.8M
Q2 24
$1.1B
$344.3M
FCF Margin
KMI
KMI
VRT
VRT
Q1 26
24.6%
Q4 25
21.7%
30.8%
Q3 25
16.7%
17.3%
Q2 25
27.8%
10.5%
Q1 25
10.3%
13.1%
Q4 24
20.7%
15.5%
Q3 24
18.0%
16.5%
Q2 24
34.4%
17.6%
Capex Intensity
KMI
KMI
VRT
VRT
Q1 26
16.7%
4.2%
Q4 25
20.4%
3.2%
Q3 25
21.3%
1.7%
Q2 25
17.9%
1.7%
Q1 25
19.8%
1.8%
Q4 24
21.6%
2.6%
Q3 24
20.0%
1.8%
Q2 24
18.1%
1.7%
Cash Conversion
KMI
KMI
VRT
VRT
Q1 26
Q4 25
1.70×
2.20×
Q3 25
2.25×
1.28×
Q2 25
2.31×
1.00×
Q1 25
1.62×
1.84×
Q4 24
2.26×
2.89×
Q3 24
2.00×
2.14×
Q2 24
2.93×
2.12×

Financial Flow Comparison

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

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