Kinder Morgan, Inc. KMI

30.75 (0.50) (1.60%) as of 25 Sep
Market cap
$69.5B
P/E
19.7×
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Kinder Morgan, Inc. (KMI) Free cash flow margin

Kinder Morgan, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 14.8%, up 1.5 percentage points from fiscal 2025 (13.2%). Over the past ten years it has ranged from −4.33% (fiscal 2015) to 33.3% (fiscal 2020); the current reading is higher than 27% of that period. That is above the Oil & Gas Midstream industry median of 10.2% and above the Energy sector median of 6.73%.

Free cash flow margin, annual

Annual

Period Free cash flow margin Change (points)
FY2025 13.2% (6.26)
FY2024 19.5% 4.29
FY2023 15.2% 0.32
FY2022 14.9% (4.89)
FY2021 19.8% (13.52)
FY2020 33.3% 14.52
FY2019 18.8% 3.20
FY2018 15.6% 4.44
FY2017 11.1% (3.20)
FY2016 14.3% 18.67

Against its own ten years

Low −4.33% High 33.3%
Ten-year median 15.2%
Current reading's percentile 27

Free cash flow margin against peers

Company Free cash flow margin
MPLX MPLX LP compare 32.6%
TRP TC Energy Corporation compare 25.8%
KMI Kinder Morgan, Inc. 14.8%
LNG Cheniere Energy, Inc. compare 12.6%
OKE ONEOK, Inc. compare 7.38%
EPD Enterprise Products Partners L.P. compare 7.06%
ET Energy Transfer LP compare 4.87%
TRGP Targa Resources, Inc. compare 4.43%
WMB Williams Companies, Inc. (The) compare −1.75%
Oil & Gas Midstream industry median 10.2%
Energy sector median 6.73%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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