stockrowKinder 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
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Kinder Morgan, Inc. (KMI) Gross margin
Kinder Morgan, Inc.'s gross margin over the twelve months to 30 September 2026 was 66.4%, down 1.0 percentage points from fiscal 2025 (67.4%). Over the past ten years it has ranged from 51.8% (fiscal 2022) to 78.3% (fiscal 2020); the current reading is higher than 27% of that period. That is above the Oil & Gas Midstream industry median of 54.9% and above the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 67.4% | (3.92) |
| FY2024 | 71.3% | 3.48 |
| FY2023 | 67.8% | 16.00 |
| FY2022 | 51.8% | (9.11) |
| FY2021 | 60.9% | (17.34) |
| FY2020 | 78.3% | 2.95 |
| FY2019 | 75.3% | 6.56 |
| FY2018 | 68.7% | 0.44 |
| FY2017 | 68.3% | (5.44) |
| FY2016 | 73.7% | 1.92 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 65.4% | (3.18) |
| Jun 2026 | 68.6% | 4.85 |
| Mar 2026 | 63.8% | (4.13) |
| Dec 2025 | 67.9% | 1.55 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WMB Williams Companies, Inc. (The) compare | 82.1% |
| TRP TC Energy Corporation compare | 70.4% |
| KMI Kinder Morgan, Inc. | 66.4% |
| MPLX MPLX LP compare | 57.6% |
| TRGP Targa Resources, Inc. compare | 41.8% |
| LNG Cheniere Energy, Inc. compare | 36.4% |
| OKE ONEOK, Inc. compare | 25.2% |
| ET Energy Transfer LP compare | 21.3% |
| EPD Enterprise Products Partners L.P. compare | 12.5% |
| Oil & Gas Midstream industry median | 54.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on KMI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement