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Kinder Morgan KMI Gross margin

Gross margin at other companies

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OneokOKE
29.6%-6.0pp
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Energy TransferET
25.2%-0.6pp
Valero Energy logo
Valero EnergyVLO
5.6%+3.0pp
Chevron logo
ChevronCVX
43.2%+2.8pp
EQT Corporation logo
EQT CorporationEQT
84.9%+16.1pp
CNP
CenterPoint EnergyCNP
100%0.0pp

Other financials

Income statement

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Revenue$4.8B+13.8%
Gross profit$3.1B+11.4%
Operating income$1.4B+26.1%
Net income$976.0M+36.1%
EPS (diluted)$0.44+37.5%

Balance sheet

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Cash & equivalents$72.0M-10.0%
Total debt$29.9B-0.3%
Total equity$31.3B+2.3%
Total assets$73.1B+1.0%

Cash flow

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Operating cash flow$1.5B+28.3%
CapEx$804.0M+5.0%
Free cash flow$687.0M+73.5%

Valuation

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Market cap$0+17.7%

Profitability

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Operating margin28.7%+0.9pp
Net margin18.9%+2.2pp

Returns & leverage

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Return on equity10.7%+2.2pp
Debt / equity0.0×
Current ratio0.5×+0.1×

Where this comes from

Calculated from Kinder Morgan’s reported figures.

Based on trailing twelve months.

The official record: Kinder Morgan’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kinder Morgan's gross margin?
Kinder Morgan (KMI) reported gross margin of 66.9% in Q1 2026.
How has Kinder Morgan's gross margin changed year-over-year?
Kinder Morgan's gross margin decreased by 3.9% year-over-year, from 69.6% to 66.9%.
What is the long-term trend for Kinder Morgan's gross margin?
Over 4 years (2021 to 2025), Kinder Morgan's gross margin has grown at a 0.5% compound annual growth rate (CAGR), from 267.7% to 273.6%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.