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) Gross margin
Kinder Morgan, Inc.'s gross margin over the twelve months to 30 June 2026 was 66.6%, down 0.7 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 58.8% and above the Energy sector median of 49.5%.
Gross margin, annual
Annual
| 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
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 68.6% | 4.85 |
| Mar 2026 | 63.8% | (4.13) |
| Dec 2025 | 67.9% | 1.55 |
| Sep 2025 | 66.4% | (3.69) |
| 42 more quarters | Free account |
Against its own ten years
Low 51.8%
High 78.3%
Ten-year median
68.7%
Current reading's percentile
27
Gross margin against peers
| Company | Gross margin |
|---|---|
| WMB Williams Companies, Inc. (The) compare | 82.8% |
| TRP TC Energy Corporation compare | 70.4% |
| KMI Kinder Morgan, Inc. | 66.6% |
| MPLX MPLX LP compare | 59.7% |
| TRGP Targa Resources, Inc. compare | 43.2% |
| LNG Cheniere Energy, Inc. compare | 38.5% |
| OKE ONEOK, Inc. compare | 27.2% |
| ET Energy Transfer LP compare | 23.6% |
| EPD Enterprise Products Partners L.P. compare | 13.3% |
| Oil & Gas Midstream industry median | 58.8% |
| Energy sector median | 49.5% |
| Market median | 46.3% |
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
- 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
- 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
- The full statement