LBRT vs. KMI

Last updated Apr 1, 2026

Compare and contrast key facts about Liberty Oilfield Services Inc. (LBRT) and Kinder Morgan, Inc. (KMI).

Performance

LBRT vs. KMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty Oilfield Services Inc. (LBRT) and Kinder Morgan, Inc. (KMI). The values are adjusted to include any dividend payments, if applicable.

LBRT vs. KMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LBRT Liberty Oilfield Services Inc.	56.52%	-4.91%	11.23%	14.83%	65.57%	-5.92%	-6.51%	-12.62%	-40.12%
KMI Kinder Morgan, Inc.	23.15%	4.74%	64.42%	4.10%	21.23%	23.75%	-30.77%	44.43%	-17.78%

Fundamentals

Market Cap LBRT : $4.78B KMI : $74.60B
EPS LBRT : $0.90 KMI : $1.32
PE Ratio LBRT : 32.16 KMI : 25.48
PEG Ratio LBRT : 1.93 KMI : 0.06
PS Ratio LBRT : 1.19 KMI : 4.40
PB Ratio LBRT : 2.30 KMI : 2.39
Total Revenue (TTM) LBRT : $4.01B KMI : $16.95B
Gross Profit (TTM) LBRT : $457.92M KMI : $4.34B
EBITDA (TTM) LBRT : $735.83M KMI : $7.08B

Returns By Period

In the year-to-date period, LBRT achieves a 56.52% return, which is significantly higher than KMI's 23.15% return.

LBRT

• 1D: -0.21%
• 1M: 2.86%
• YTD: 56.52%
• 6M: 135.25%
• 1Y: 86.05%
• 3Y*: 33.30%
• 5Y*: 21.15%
• 10Y*: —

KMI

• 1D: -0.36%
• 1M: 0.78%
• YTD: 23.15%
• 6M: 20.94%
• 1Y: 22.59%
• 3Y*: 30.96%
• 5Y*: 21.44%
• 10Y*: 12.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LBRT vs. KMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LBRT

LBRT Risk / Return Rank: 78
LBRT Sharpe Ratio Rank: 80
LBRT Sortino Ratio Rank: 79
LBRT Omega Ratio Rank: 78
LBRT Calmar Ratio Rank: 80
LBRT Martin Ratio Rank: 74

KMI

KMI Risk / Return Rank: 72
KMI Sharpe Ratio Rank: 75
KMI Sortino Ratio Rank: 65
KMI Omega Ratio Rank: 68
KMI Calmar Ratio Rank: 76
KMI Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LBRT vs. KMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty Oilfield Services Inc. (LBRT) and Kinder Morgan, Inc. (KMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LBRT	KMI	Difference
Sharpe ratio Return per unit of total volatility	1.25	0.99	+0.26
Sortino ratio Return per unit of downside risk	2.03	1.33	+0.70
Omega ratio Gain probability vs. loss probability	1.27	1.20	+0.07
Calmar ratio Return relative to maximum drawdown	2.29	1.81	+0.47
Martin ratio Return relative to average drawdown	4.33	4.13	+0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LBRT vs. KMI - Sharpe Ratio Comparison

The current LBRT Sharpe Ratio is 1.25, which is comparable to the KMI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of LBRT and KMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LBRT	KMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.99	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.96	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.19	-0.12

Correlation

The correlation between LBRT and KMI is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LBRT vs. KMI - Dividend Comparison

LBRT's dividend yield for the trailing twelve months is around 1.18%, less than KMI's 3.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LBRT Liberty Oilfield Services Inc.	1.18%	1.79%	1.46%	1.21%	0.31%	0.00%	0.48%	1.80%	0.77%	0.00%	0.00%	0.00%
KMI Kinder Morgan, Inc.	3.49%	4.24%	4.18%	6.38%	6.10%	6.76%	7.59%	4.49%	4.71%	2.77%	2.41%	12.94%

Drawdowns

LBRT vs. KMI - Drawdown Comparison

The maximum LBRT drawdown since its inception was -90.02%, which is greater than KMI's maximum drawdown of -72.70%. Use the drawdown chart below to compare losses from any high point for LBRT and KMI.

Drawdown Indicators

	LBRT	KMI	Difference
Max Drawdown Largest peak-to-trough decline	-90.02%	-72.70%	-17.32%
Max Drawdown (1Y) Largest decline over 1 year	-37.81%	-12.83%	-24.98%
Max Drawdown (5Y) Largest decline over 5 years	-58.84%	-20.31%	-38.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.13%	—
Current Drawdown Current decline from peak	-9.23%	-1.58%	-7.65%
Average Drawdown Average peak-to-trough decline	-36.28%	-32.37%	-3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.98%	5.64%	+14.34%

Volatility

LBRT vs. KMI - Volatility Comparison

Liberty Oilfield Services Inc. (LBRT) has a higher volatility of 13.84% compared to Kinder Morgan, Inc. (KMI) at 5.41%. This indicates that LBRT's price experiences larger fluctuations and is considered to be riskier than KMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBRT	KMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.84%	5.41%	+8.43%
Volatility (6M) Calculated over the trailing 6-month period	45.16%	14.25%	+30.91%
Volatility (1Y) Calculated over the trailing 1-year period	69.18%	22.91%	+46.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.56%	22.47%	+33.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.08%	27.90%	+37.18%

Financials

LBRT vs. KMI - Profitability Comparison

The chart below illustrates the profitability comparison between Liberty Oilfield Services Inc. and Kinder Morgan, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LBRT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Liberty Oilfield Services Inc. reported a gross profit of 214.11M and revenue of 1.04B. Therefore, the gross margin over that period was 20.6%.

KMI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kinder Morgan, Inc. reported a gross profit of 0.00 and revenue of 4.51B. Therefore, the gross margin over that period was 0.0%.

LBRT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Liberty Oilfield Services Inc. reported an operating income of 19.88M and revenue of 1.04B, resulting in an operating margin of 1.9%.

KMI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kinder Morgan, Inc. reported an operating income of 1.36B and revenue of 4.51B, resulting in an operating margin of 30.3%.

LBRT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Liberty Oilfield Services Inc. reported a net income of 13.69M and revenue of 1.04B, resulting in a net margin of 1.3%.

KMI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kinder Morgan, Inc. reported a net income of 866.00M and revenue of 4.51B, resulting in a net margin of 19.2%.