Data as of:
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KMI
Kinder Morgan, Inc. · Midstream
$31.40
+0.90% this month
VERSUS
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WMB
The Williams Companies, Inc. · Midstream
$74.15
+3.26% this month
Comparison scoreboard
WMB LEADS 4/5
AI Scorei
KMI 41.7
WMB 51.5
1Y Returni
KMI +17.47%
WMB +28.44%
Fwd P/Ei
KMI 20.52
WMB 28.13
Target Up.i
KMI +13.46%
WMB +15.62%
Op. Margini
KMI 30.06%
WMB 39.54%
Metrics last refreshed: 9/6/2026
Quick take

KMI vs WMB Stock Comparison: AI Score, Valuation, Performance and Upside

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Kinder Morgan and Williams Companies are both major North American midstream energy infrastructure operators, but Kinder Morgan maintains a more diversified pipeline portfolio spanning natural gas, refined products, and crude oil, while Williams Companies concentrates more heavily on natural gas gathering, processing, and transportation.

Kinder Morgan offers exposure to a diversified midstream infrastructure portfolio spanning multiple energy commodities, while Williams Companies offers a more concentrated bet on natural gas infrastructure benefiting from growing gas demand. Consider whether you prefer Kinder Morgan's diversification or Williams' focused natural gas exposure.

Live analysis · updated 9/6/2026

WMB holds the edge across 4 of 5 key metrics in this comparison. WMB has delivered stronger 1-year price return (+28.44% vs +17.47%), though KMI has the better forward P/E setup (20.52x vs 28.13x for WMB). On fundamentals, KMI is growing revenue faster (10.80%), while WMB maintains the higher operating margin (39.54%) — a classic growth-versus-profitability split. Analyst consensus implies similar upside for both: +13.46% for KMI and +15.62% for WMB.

Normalized 1Y performance
KMI
WMB
Recent returns
KMI
WMB
Analyst price targets & sentiment

Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.

KMI
Price target range
analyst mean$35.81
current price$31.40
+13.5% upside to analyst mean
WMB · 20 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.3/5.0)
Price target range
analyst low$43.00
analyst mean$85.25
current price$74.15
+15.6% upside to analyst mean
Who should consider this stock?
KMI may suit investors who:
  • Want exposure to a diversified midstream infrastructure portfolio spanning natural gas, refined products, and crude oil
  • Value fee-based, take-or-pay contract structures that support predictable cash flows
  • Believe rising natural gas demand for power generation and exports supports long-term growth
  • Are comfortable with elevated debt levels typical of pipeline infrastructure companies
WMB may suit investors who:
  • Want concentrated exposure to natural gas gathering, processing, and transportation infrastructure
  • Believe strategic pipeline positioning connecting supply basins to demand centers supports durable cash flows
  • Value fee-based contract structures supporting predictable revenue
  • Are comfortable with less diversification in exchange for focused natural gas demand exposure
Performance & AI score
Performance & AI score
MetricKMIWMB
AI scorei41.751.5
AI ranki#891#359
Latest closei$31.40$74.15
1M returni+0.90%+3.26%
6M returni-5.96%-0.83%
1Y returni+17.47%+28.44%
$10,000 invested — hypothetical growth (dividends reinvested)

How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?

$10,000 invested — hypothetical growth (dividends reinvested)
PeriodKMIWMB
1Y ago$11.76K (+17.6%)
started 2025-09-04
$12.88K (+28.8%)
started 2025-09-04
5Y ago$30.96K (+209.6%)
started 2021-09-07
$44.89K (+348.9%)
started 2021-09-07
10Y ago$39.72K (+297.2%)
started 2016-09-06
$74.35K (+643.5%)
started 2016-09-06

Hypothetical — past performance does not guarantee future results.

Valuation & upside potential
Valuation & upside potential
MetricKMIWMB
Market capi$70.28B$90.18B
Trailing P/Ei20.3629.37
Forward P/Ei20.5228.13
Price/SalesiN/A6.67
EV/Revenuei5.789.98
Analyst targeti$35.81$85.25
Target upsidei+13.46%+15.62%
Growth, profitability & risk
Growth, profitability & risk
MetricKMIWMB
Revenue growthi10.80%7.80%
Earnings growthi21.20%51.20%
EPS growthi+21.20%+51.20%
FCF margini+5.99%-12.31%
Operating margini30.06%39.54%
Profit margini19.30%24.94%
ROIC proxyi10.99%21.50%
Return on equityi10.99%21.50%
Dividend yieldi3.74%2.83%
Betai0.550.61
Debt/equityi98.62200.37
Current ratioi0.460.48
Quick ratioi0.290.31
Correlation

Over the past year, KMI and WMB have moved strongly in the same direction (correlation of 0.83), based on daily returns.

1Y
0.83
-1.0+1.0
5Y
0.84
-1.0+1.0
10Y
0.79
-1.0+1.0
Drawdown & downside risk

Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.

1Y risk snapshot
KMI max drawdowni10.08%
WMB max drawdowni12.36%
KMI max wkly dropi8.70%
WMB max wkly dropi10.74%
5Y risk snapshot
KMI max drawdowni20.31%
WMB max drawdowni23.01%
KMI max wkly dropi15.66%
WMB max wkly dropi14.76%
10Y risk snapshot
KMI max drawdowni55.13%
WMB max drawdowni68.08%
KMI max wkly dropi35.61%
WMB max wkly dropi40.78%
Performance metrics by period
Performance metrics by period
PeriodMetricKMIWMB
1YGrowthi+17.56%+28.78%
CAGRi+17.59%+28.82%
Volatilityi20.75%24.09%
Sharpe ratioi0.670.98
Sortino ratioi0.951.44
Max drawdowni10.08%12.36%
Current drawdowni8.48%6.61%
Avg drawdowni4.32%4.98%
Ulcer Indexi5.26%6.08%
Max daily dropi4.75%5.20%
Max wkly dropi8.70%10.74%
5YGrowthi+142.25%+264.06%
CAGRi+19.39%+29.54%
Volatilityi22.46%23.97%
Sharpe ratioi0.701.02
Sortino ratioi0.991.45
Max drawdowni20.31%23.01%
Current drawdowni8.48%6.61%
Avg drawdowni6.78%6.03%
Ulcer Indexi8.24%8.06%
Max daily dropi9.28%8.43%
Max wkly dropi15.66%14.76%
10YGrowthi+122.16%+306.48%
CAGRi+8.31%+15.06%
Volatilityi27.44%30.26%
Sharpe ratioi0.270.47
Sortino ratioi0.370.66
Max drawdowni55.13%68.08%
Current drawdowni8.48%6.61%
Avg drawdowni12.31%11.00%
Ulcer Indexi15.88%14.75%
Max daily dropi21.04%23.74%
Max wkly dropi35.61%40.78%
AI Prediction Signali
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Next 5 trading days
KMI
+2.8%BUY
WMB
+1.1%HOLD

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Business comparison
Business comparison
CategoryKMIWMB
CompanyKinder Morgan, Inc.The Williams Companies, Inc.
SectorEnergyEnergy
IndustryOil & Gas MidstreamOil & Gas Midstream
Core businessA large midstream energy infrastructure company that owns and operates an extensive network of natural gas, refined products, and crude oil pipelines and storage terminals across North America.A midstream energy infrastructure company focused primarily on natural gas gathering, processing, and transportation, operating a significant share of natural gas pipeline infrastructure connecting major US supply basins to demand centers.
Investor focusNatural gas pipeline throughput volumes, dividend coverage and growth trends, and progress on new infrastructure expansion projects tied to rising gas demand.Natural gas gathering and processing volumes, dividend growth trends, and new pipeline and infrastructure project development tied to growing gas demand.
KMI strengths
  • Extensive, diversified pipeline and storage network across natural gas, refined products, and crude oil provides broad infrastructure exposure
  • Fee-based, take-or-pay contract structures on much of its pipeline capacity support relatively stable, predictable cash flows
  • Well-positioned to benefit from rising natural gas demand tied to power generation and export infrastructure growth
WMB strengths
  • Concentrated focus on natural gas gathering, processing, and transportation provides direct exposure to a fuel source with growing demand
  • Strategic pipeline positioning connects key US natural gas supply basins to major demand centers and export facilities
  • Fee-based contract structures across much of its infrastructure support relatively predictable cash flow generation
Risks to watch — KMI
  • Growth projects require significant capital investment and face permitting and regulatory approval risk before generating returns
  • Elevated debt levels typical of pipeline infrastructure companies require disciplined balance sheet management
  • Long-term demand for certain fossil fuel infrastructure assets faces uncertainty amid the broader energy transition
Risks to watch — WMB
  • Concentration in natural gas infrastructure provides less diversification than midstream peers with broader commodity exposure
  • New pipeline projects face permitting delays and regulatory challenges that can push back growth timelines
  • Elevated debt levels typical of pipeline infrastructure companies require ongoing disciplined balance sheet management
Frequently asked questions
KMI offers exposure to a diversified midstream infrastructure portfolio spanning natural gas, refined products, and crude oil, while WMB offers a more concentrated bet on natural gas infrastructure benefiting from growing gas demand. The better choice depends on whether you prefer diversification or focused natural gas exposure.
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