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Side-by-side financial comparison of KEMPER Corp (KMPR) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

KEMPER Corp is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Western Midstream Partners, LP). Western Midstream Partners, LP runs the higher net margin — 18.5% vs -0.7%, a 19.2% gap on every dollar of revenue. On growth, Western Midstream Partners, LP posted the faster year-over-year revenue change (11.0% vs -4.7%). Western Midstream Partners, LP produced more free cash flow last quarter ($335.4M vs $166.2M). Over the past eight quarters, Western Midstream Partners, LP's revenue compounded faster (7.8% CAGR vs -0.5%).

Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

KMPR vs WES — Head-to-Head

Bigger by revenue
KMPR
KMPR
1.1× larger
KMPR
$1.1B
$1.0B
WES
Growing faster (revenue YoY)
WES
WES
+15.6% gap
WES
11.0%
-4.7%
KMPR
Higher net margin
WES
WES
19.2% more per $
WES
18.5%
-0.7%
KMPR
More free cash flow
WES
WES
$169.2M more FCF
WES
$335.4M
$166.2M
KMPR
Faster 2-yr revenue CAGR
WES
WES
Annualised
WES
7.8%
-0.5%
KMPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KMPR
KMPR
WES
WES
Revenue
$1.1B
$1.0B
Net Profit
$-8.0M
$190.7M
Gross Margin
Operating Margin
29.7%
Net Margin
-0.7%
18.5%
Revenue YoY
-4.7%
11.0%
Net Profit YoY
-108.2%
-42.8%
EPS (diluted)
$-0.03

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
KMPR
KMPR
WES
WES
Q4 25
$1.1B
$1.0B
Q3 25
$1.2B
$952.3M
Q2 25
$1.2B
$942.1M
Q1 25
$1.2B
$916.9M
Q4 24
$1.2B
$928.4M
Q3 24
$1.2B
$883.1M
Q2 24
$1.1B
$905.4M
Q1 24
$1.1B
$887.3M
Net Profit
KMPR
KMPR
WES
WES
Q4 25
$-8.0M
$190.7M
Q3 25
$-21.0M
$339.6M
Q2 25
$72.6M
$341.7M
Q1 25
$99.7M
$309.0M
Q4 24
$97.4M
$333.6M
Q3 24
$73.7M
$288.5M
Q2 24
$75.4M
$378.6M
Q1 24
$71.3M
$572.8M
Operating Margin
KMPR
KMPR
WES
WES
Q4 25
29.7%
Q3 25
46.4%
Q2 25
47.2%
Q1 25
44.7%
Q4 24
45.9%
Q3 24
11.2%
44.8%
Q2 24
10.1%
51.9%
Q1 24
7.6%
76.6%
Net Margin
KMPR
KMPR
WES
WES
Q4 25
-0.7%
18.5%
Q3 25
-1.7%
35.7%
Q2 25
5.9%
36.3%
Q1 25
8.4%
33.7%
Q4 24
8.2%
35.9%
Q3 24
6.3%
32.7%
Q2 24
6.7%
41.8%
Q1 24
6.2%
64.6%
EPS (diluted)
KMPR
KMPR
WES
WES
Q4 25
$-0.03
Q3 25
$-0.34
Q2 25
$1.12
Q1 25
$1.54
Q4 24
$1.51
Q3 24
$1.14
Q2 24
$1.16
Q1 24
$1.10

Balance Sheet & Financial Strength

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

Metric
KMPR
KMPR
WES
WES
Cash + ST InvestmentsLiquidity on hand
$819.5M
Total DebtLower is stronger
$943.5M
$8.2B
Stockholders' EquityBook value
$2.7B
Total Assets
$12.5B
$15.0B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMPR
KMPR
WES
WES
Q4 25
$819.5M
Q3 25
$371.2M
$177.3M
Q2 25
$407.6M
$129.7M
Q1 25
$545.3M
$448.4M
Q4 24
$1.0B
$1.1B
Q3 24
$696.9M
$1.1B
Q2 24
$539.1M
$344.1M
Q1 24
$520.7M
$295.2M
Total Debt
KMPR
KMPR
WES
WES
Q4 25
$943.5M
$8.2B
Q3 25
$943.1M
$6.9B
Q2 25
$942.6M
$6.9B
Q1 25
$942.1M
$6.9B
Q4 24
$1.4B
$6.9B
Q3 24
$1.4B
$6.9B
Q2 24
$1.4B
$7.1B
Q1 24
$1.4B
$7.3B
Stockholders' Equity
KMPR
KMPR
WES
WES
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$370.0M
Q1 25
$366.0M
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$358.0M
Q1 24
$2.6B
Total Assets
KMPR
KMPR
WES
WES
Q4 25
$12.5B
$15.0B
Q3 25
$12.4B
$12.1B
Q2 25
$12.6B
$12.2B
Q1 25
$12.5B
$12.5B
Q4 24
$12.6B
$13.1B
Q3 24
$12.6B
$13.0B
Q2 24
$12.6B
$12.2B
Q1 24
$12.6B
$12.3B
Debt / Equity
KMPR
KMPR
WES
WES
Q4 25
0.35×
Q3 25
0.35×
Q2 25
2.55×
Q1 25
2.57×
Q4 24
0.50×
Q3 24
0.50×
Q2 24
3.88×
Q1 24
0.54×

Cash Flow & Capital Efficiency

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

Metric
KMPR
KMPR
WES
WES
Operating Cash FlowLast quarter
$175.0M
$557.6M
Free Cash FlowOCF − Capex
$166.2M
$335.4M
FCF MarginFCF / Revenue
14.7%
32.6%
Capex IntensityCapex / Revenue
0.8%
21.6%
Cash ConversionOCF / Net Profit
2.92×
TTM Free Cash FlowTrailing 4 quarters
$553.9M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMPR
KMPR
WES
WES
Q4 25
$175.0M
$557.6M
Q3 25
$139.9M
$570.2M
Q2 25
$89.6M
$564.0M
Q1 25
$180.0M
$530.8M
Q4 24
$175.1M
$554.4M
Q3 24
$141.9M
$551.3M
Q2 24
$22.9M
$631.4M
Q1 24
$43.0M
$399.7M
Free Cash Flow
KMPR
KMPR
WES
WES
Q4 25
$166.2M
$335.4M
Q3 25
$133.4M
$385.5M
Q2 25
$82.0M
$385.4M
Q1 25
$172.3M
$388.4M
Q4 24
$165.4M
$315.7M
Q3 24
$131.4M
$361.9M
Q2 24
$5.2M
$419.6M
Q1 24
$27.7M
$205.9M
FCF Margin
KMPR
KMPR
WES
WES
Q4 25
14.7%
32.6%
Q3 25
10.8%
40.5%
Q2 25
6.7%
40.9%
Q1 25
14.4%
42.4%
Q4 24
13.9%
34.0%
Q3 24
11.1%
41.0%
Q2 24
0.5%
46.3%
Q1 24
2.4%
23.2%
Capex Intensity
KMPR
KMPR
WES
WES
Q4 25
0.8%
21.6%
Q3 25
0.5%
19.4%
Q2 25
0.6%
19.0%
Q1 25
0.6%
15.5%
Q4 24
0.8%
25.7%
Q3 24
0.9%
21.5%
Q2 24
1.6%
23.4%
Q1 24
1.3%
21.8%
Cash Conversion
KMPR
KMPR
WES
WES
Q4 25
2.92×
Q3 25
1.68×
Q2 25
1.23×
1.65×
Q1 25
1.81×
1.72×
Q4 24
1.80×
1.66×
Q3 24
1.93×
1.91×
Q2 24
0.30×
1.67×
Q1 24
0.60×
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KMPR
KMPR

Specialty Property Casualty Insurance Segment$995.1M88%
Life Insurance Segment1$140.7M12%

WES
WES

Segment breakdown not available.

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