CoverageForm 410-K10-Q8-K13D13G13F

KMI · Kinder Morgan, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · KMI

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$16.94B$15.10B$15.33B$19.20B$16.61B$11.70B
Cost of Revenue---$9.26B$6.49B$2.54B
Gross Profit---$9.95B$10.12B$9.15B
R&D------
SG&A$744.00M$712.00M$668.00M$637.00M$655.00M$648.00M
Total Operating Expenses$746.00M$736.00M$623.00M$15.13B$13.69B$10.14B
D&A$2.45B$2.35B$2.25B$2.19B$2.13B$2.16B
Operating Income$4.72B$4.38B$4.26B$4.07B$2.92B$1.56B
Interest Expense------
Income Tax$832.00M$687.00M$715.00M$710.00M$369.00M$481.00M
Net Income$3.06B$2.61B$2.39B$2.55B$1.78B$119.00M
EPS - Basic$1.37$1.17$1.06$1.12$0.05-
EPS - Diluted$1.37$1.17$1.06$1.12$0.05-

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$63.00M$88.00M$83.00M$745.00M$1.14B$1.18B
Accounts Receivable------
Inventory$574.00M$555.00M$525.00M$634.00M$562.00M$348.00M
Accounts Payable$1.41B$1.40B$1.37B$1.44B$1.26B$837.00M
Current Assets$2.75B$2.52B$2.54B$3.80B$3.83B$3.20B
Total Assets$72.75B$71.41B$71.02B$70.08B$70.42B$71.97B
Current Liabilities$4.32B$5.10B$7.22B$6.93B$5.82B$5.07B
Long-term Debt$30.78B$29.88B$28.07B$28.40B$30.67B$32.13B
Total Liabilities$40.30B$39.54B$39.29B$37.96B$38.49B$39.41B
Stockholders' Equity$31.16B$30.53B$30.31B$30.74B$30.82B$31.44B
Retained Earnings($10.18B)($10.63B)($10.69B)($10.55B)($10.60B)($9.94B)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$5.92B$5.63B$6.49B$4.97B$5.71B$4.55B
Investing Cash Flow($3.18B)($2.63B)($4.17B)($2.17B)($2.31B)($911.00M)
Financing Cash Flow($2.84B)($2.89B)($3.01B)($3.15B)($3.46B)($2.64B)
CapEx$3.03B$2.63B$2.32B$1.62B$1.28B$1.71B
Free Cash Flow$2.89B$3.01B$4.17B$3.35B$4.43B$2.84B

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin---51.8%60.9%78.2%
Operating margin27.9%29.0%27.8%21.2%17.6%13.3%
EBITDA margin42.4%44.6%42.5%32.6%30.4%31.8%
Net margin18.0%17.3%15.6%13.3%10.7%1.0%
Free cash flow margin17.1%19.9%27.2%17.4%26.7%24.3%
FCF / Net income0.951.151.751.312.4823.89
R&D / Revenue------
SG&A / Revenue4.4%4.7%4.4%3.3%3.9%5.5%
Effective tax rate21.4%20.8%23.0%21.8%17.1%80.2%
Return on assets4.2%3.7%3.4%3.6%2.5%0.2%
Return on equity9.8%8.6%7.9%8.3%5.8%0.4%
Return on invested capital6.0%5.7%5.6%5.4%3.9%1.2%
Liquidity
Current ratio0.640.490.350.550.660.63
Quick ratio0.500.390.280.460.560.56
Cash ratio0.010.020.010.110.200.23
Leverage
Debt / Equity0.990.980.930.921.001.02
Debt / Assets0.420.420.400.410.440.45
Debt / EBITDA4.294.434.314.546.078.63
Interest coverage------
Equity multiplier2.332.342.342.282.282.29
Liabilities / Assets0.550.550.550.540.550.55
Efficiency
Asset turnover0.230.210.220.270.240.16
Inventory turnover---14.6011.557.31
Days sales outstanding------
Days inventory outstanding---25d32d50d
Days payable outstanding---57d71d120d
Cash conversion cycle------
Valuation
P / E20.1x23.4x16.6x16.1x317.2x-
P / B2.0x2.0x1.3x1.3x1.2x-
P / S3.6x4.0x2.6x2.1x2.2x-
EV / EBITDA12.8x13.4x10.3x11.0x13.0x-
Growth
Revenue growth (YoY)12.2%-1.5%-20.1%15.6%42.0%-11.4%
Revenue CAGR (3y)-4.1%-3.1%9.4%13.3%5.5%-5.1%
Revenue CAGR (5y)7.7%2.7%1.6%7.0%4.9%-4.1%
Gross profit growth (YoY)----1.7%10.5%-8.0%
Operating income growth (YoY)7.8%2.8%4.9%39.4%86.9%-68.0%
Net income growth (YoY)17.0%9.3%-6.2%42.8%1399.2%-94.6%
EPS growth (YoY)17.1%10.4%-5.4%2140.0%--
EPS CAGR (3y)6.9%186.0%----
EPS CAGR (5y)---156.9%-27.5%-
FCF growth (YoY)-3.8%-28.0%24.7%-24.4%55.7%14.7%
FCF CAGR (5y)0.3%3.9%14.3%18.8%18.4%15.1%
Book value growth (YoY)2.1%0.7%-1.4%-0.3%-1.9%-6.8%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$16.97B total
Natural Gas Pipelines$11.01B · 64.9%
Products Pipelines$2.69B · 15.8%
Terminals$2.10B · 12.4%
Co2$1.17B · 6.9%

Product / service

$32.71B total
Oil And Gas Service$9.49B · 29.0%
Product$7.25B · 22.2%
Service$5.42B · 16.6%
Firm Services$4.25B · 13.0%
Natural Gas Sales$3.91B · 12.0%
Feebasedservices$1.16B · 3.5%
Product Other Than Natural Gas$1.00B · 3.1%
Product And Service Other$192.00M · 0.6%
Other Commodity$29.00M · 0.1%

Geographic

$16.94B total
US$16.93B · 99.9%
MX$11.00M · 0.1%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

0.62
Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

7/9
Strong
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Natural Gas Transmission

CompanyRevenue (last FY)Net marginROE
WMB$14.90B17.6%20.4%
TRGP$17.03B11.3%62.7%
AM$1.19B35.2%21.2%
AROC$1.49B21.6%21.6%
EPD$52.60B11.0%-

Comparing KINDER MORGAN against the 5 most active filers in the same SIC group.

Dividends

$1.18/share trailing 12 months · +1.7% YoY

Ex-datePer share
May 4, 2026$0.2980
Feb 2, 2026$0.2930
Nov 3, 2025$0.2930
Jul 31, 2025$0.2930
Apr 30, 2025$0.2930
Feb 3, 2025$0.2880
Oct 31, 2024$0.2880
Jul 31, 2024$0.2880
Apr 29, 2024$0.2880
Jan 30, 2024$0.2830
Oct 30, 2023$0.2830
Jul 28, 2023$0.2830
Apr 28, 2023$0.2830
Jan 30, 2023$0.2780
Oct 28, 2022$0.2780
Jul 29, 2022$0.2780
Apr 29, 2022$0.2780
Jan 28, 2022$0.2700
Oct 29, 2021$0.2700
Jul 30, 2021$0.2700
Apr 29, 2021$0.2700
Jan 29, 2021$0.2630
Oct 30, 2020$0.2630
Jul 31, 2020$0.2630