Kinder Morgan, Inc.

KMI Energy Oil & Gas Midstream

Kinder Morgan, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.9 billion, up 12.2% from fiscal 2024.

Revenue
+9.29%
EPS
+21.4%
Free cash flow
−1.32%
Total debt
+1.51%

Quarter to September 2026, against a year earlier

30.32 1.20 −3.81%
Market cap
$67.3B
P/E
18.7×
Fwd P/E
22.0×
Dividend yield
3.91%
F-score
6/9
Altman Z
1.14
Beneish M
−2.50
Dividend safety
22/100

Kinder Morgan, Inc. (KMI) Free cash flow margin

Alert me on Free cash flow margin

Kinder Morgan, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 14.4%, up 1.2 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 in line with the Oil & Gas Midstream industry median of 14.4% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

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 31.0%
TRP TC Energy Corporation compare 25.8%
LNG Cheniere Energy, Inc. compare 16.3%
EPD Enterprise Products Partners L.P. compare 14.5%
KMI Kinder Morgan, Inc. 14.4%
ET Energy Transfer LP compare 10.9%
OKE ONEOK, Inc. compare 5.85%
TRGP Targa Resources, Inc. compare 5.13%
WMB Williams Companies, Inc. (The) compare −10.2%
Oil & Gas Midstream industry median 14.4%
Energy sector median 6.87%
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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