KMINYSENatural Gas TransmissionFiscal year ends December 31Also trades as EP.PC
KINDER MORGAN, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 24, 2026
$33.39−0.81 (-2.37%)
Close on Oct 19, 2026
- Market cap
- $74.29B
- P/E (TTM)
- 21.4
- Dividend yield
- 3.49%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
67.4%−10.9 pts over 5 years
Operating margin
27.9%+14.6 pts over 5 years
Net margin
18.0%+17.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.2% | -4.1% | +7.7% | +1.6% | |
| Gross profit | +6.0% | +4.7% | +4.5% | +1.0% | |
| Operating income | +7.8% | +5.1% | +24.8% | +6.8% | |
| Net income | +17.0% | +6.2% | +91.4% | +28.3% | |
| EPS, diluted | +17.1% | +6.9% | +93.9% | +29.9% | |
| Free cash flow | -3.8% | -4.8% | +0.3% | +7.4% | |
| Dividend per share | +1.7% | +1.9% | +2.3% | -3.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 2.0% | 0.4% | 9.9% | |
| Return on assets | 0.9% | 0.2% | 4.2% | |
| Current ratio | 0.55 | 0.63 | 0.64 | |
| Debt to equity | 1.16 | 1.10 | 1.03 | |
| Net debt to EBITDA | 6.85× | 9.00× | 4.45× | |
| Inventory turnover | 9.0× | 7.1× | 9.8× | |
| Capex to revenue | 22.1% | 14.6% | 17.9% | |
| Diluted shares | 2.23B | 2.26B | 2.22B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Kinder Morgan generated $28.72B from operations and spent $24.41B on capital expenditure, dividends and share buybacks. 45% of that went back into the business.
Generated
$28.72B
Used
$24.41B
Capital expenditure$10.87B45%Dividends$12.64B52%Share buybacks$897.00M4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.0%
×Asset turnover0.23×
×Equity multiplier2.34×
=Return on equity, FY20259.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.0% | 0.23× | 2.34× | 9.9% |
| FY2024 | 17.3% | 0.21× | 2.34× | 8.6% |
| FY2023 | 15.6% | 0.22× | 2.31× | 7.8% |
| FY2022 | 13.3% | 0.27× | 2.28× | 8.3% |
| FY2021 | 10.7% | 0.23× | 2.29× | 5.7% |
| FY2020 | 1.0% | 0.16× | 2.24× | 0.4% |
| FY2019 | 16.6% | 0.17× | 2.27× | 6.5% |
| FY2018 | 11.4% | 0.18× | 2.35× | 4.8% |
| FY2017 | 1.3% | 0.17× | 2.34× | 0.5% |
| FY2016 | 5.4% | 0.16× | 2.36× | 2.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$3.06B
- Cash generatingOperating cash flow above zero$5.92B
- Return on assets improvedROA up on the prior year3.7% → 4.3%
- Earnings backed by cashOperating cash flow above net income$5.92B vs $3.06B
- Less leverageLong-term debt to assets fell41.8% → 42.3%
- Better liquidityCurrent ratio rose0.49 → 0.64
- No dilutionShare count did not rise2.22B → 2.22B
- Gross margin improvedGross margin up on the prior year71.28% → 67.36%
- More efficientAsset turnover rose0.21 → 0.24