Kinder Morgan KMI Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 66.9%-0.5pp | 67.4%-0.2pp | 67.6%-1.4pp | 69%-0.6pp | 69.6%-1.6pp | |
| Operating margin | 28.7%+0.8pp | 27.9%+0.7pp | 27.2%-0.5pp | 27.7%-0.1pp | 27.8%-1.3pp | |
| Net margin | 18.9%+0.9pp | 18%+1.4pp | 16.6%-0.4pp | 17.1%+0.4pp | 16.7%-0.6pp | |
| EBITDA margin | 42.8%+0.4pp | 42.4%+0.3pp | 42%-0.7pp | 42.8%-0.4pp | 43.1%-1.5pp | |
| Free cash flow margin | 18.2%+1.1pp | 17.1%+0.3pp | 16.8%-0.3pp | 17.1%-1.2pp | 18.3%-1.6pp | |
| Returns | ||||||
| Return on equity | 10.7%+0.8pp | 9.9%+1.0pp | 8.9%0.0pp | 8.9%+0.4pp | 8.5%-0.1pp | |
| Return on assets | 4.6%+0.3pp | 4.2%+0.4pp | 3.8%0.0pp | 3.8%+0.2pp | 3.6%-0.1pp | |
| Return on invested capital | 6.5%+0.4pp | 6.1%+0.3pp | 5.8%-0.1pp | 5.9%+0.2pp | 5.7%-0.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Inventory turnover | 9.9×+0.1× | 9.8×0.0× | 9.8×+0.8× | 9×+0.7× | 8.4×+0.3× | |
| Liquidity | ||||||
| Current ratio | 0.5×-0.1× | 0.6×0.0× | 0.6×-0.1× | 0.7×+0.2× | 0.4×0.0× | |
| Quick ratio | 0.4×-0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×+0.2× | 0.3×0.0× | |
| Cash ratio | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1×0.0× | 1×0.0× | 1×0.0× | 1×+0.1× | 1×0.0× | |
| Debt-to-assets | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Net debt / EBITDA | 4×-0.3× | 4.3×-0.2× | 4.6×-0.1× | 4.7×+0.2× | 4.5×0.0× | |
| Per Share | ||||||
| Book value per share | $14.08+0.4% | $14.02+1.4% | $13.82-0.2% | $13.85+0.5% | $13.77+0.2% | |
| Valuation | ||||||
| Market capitalization | $74.6B+22.0% | $61.16B-2.8% | $62.91B-0.8% | $63.44B+0.1% | $63.39B+4.1% | |
| Enterprise value | $104.4B+13.4% | $92.09B-2.4% | $94.34B-0.9% | $95.23B+2.1% | $93.28B+2.6% | |
| Price / earnings | 22.5×+2.5× | 20×-3.1× | 23.1×-0.2× | 23.3×-1.2× | 24.5×+1.2× | |
| Price / sales | 4.3×+0.6× | 3.6×-0.2× | 3.8×-0.1× | 4×-0.1× | 4.1×+0.1× | |
| Price / book | 2.4×+0.4× | 2×-0.1× | 2×0.0× | 2.1×0.0× | 2.1×+0.1× | |
| EV / EBITDA | 13.9×+1.1× | 12.8×-0.8× | 13.7×-0.3× | 13.9×0.0× | 14×+0.5× | |
| EV / sales | 6×+0.5× | 5.4×-0.3× | 5.7×-0.2× | 6×-0.1× | 6×0.0× | |
| Free cash flow yield | 4.3%-0.5pp | 4.7%+0.3pp | 4.4%+0.1pp | 4.3%-0.2pp | 4.5%-0.5pp | |
| Earnings yield | 4.4%-0.6pp | 5%+0.7pp | 4.3%0.0pp | 4.3%+0.2pp | 4.1%-0.2pp | |
| Dividend yield | 3.5%-0.8pp | 4.3%+0.1pp | 4.1%+0.1pp | 4.1%0.0pp | 4.1%-0.1pp | |
| PEG ratio | 0.8×-0.4× | 1.2×-2.0× | 3.1×+1.1× | 2.1×-2.7× | 4.8×+2.3× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Kinder Morgan's profit margins?
- Kinder Morgan (KMI) runs a 66.9% gross margin and a 28.7% operating margin, with a 18.9% net margin.
- Where do Kinder Morgan's ratios come from?
- Every ratio is computed from Kinder Morgan's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
