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KMI · NYSE · United States · Natural Gas Transmission
In shortKINDER MORGAN, INC. is profitable, generates cash and carries moderate debt, with revenue growing (+12.2% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 27.9% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 18.0% | 92/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 9.9% | 50/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.9% | 39/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.64× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.03× | 54/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 4.45× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.65 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 17.1% | 88/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.95× | 81/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 22.9% | 26/100 |
| Operating margin volatility | 5.1% | 63/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -4.1% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | 6.9% | 60/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 16,610 | 19,200 | 15,334 | 15,100 | 16,937 |
| Cost of revenue | 6,493 | 9,255 | – | – | – |
| Gross profit | 10,117 | 9,945 | – | – | – |
| Operating income | 2,916 | 4,065 | 4,263 | 4,384 | 4,724 |
| Pre-tax income | 2,219 | 3,335 | 3,201 | 3,407 | 3,992 |
| Income tax | 369 | 710 | 715 | 687 | 832 |
| Net income | 1,784 | 2,548 | 2,391 | 2,613 | 3,056 |
| Diluted EPS | $0.78 | $1.12 | $1.06 | $1.17 | $1.37 |
| Diluted shares (millions) | 2,266 | 2,258 | 2,234 | 2,220 | 2,223 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of KINDER MORGAN, INC. are included in the Investor plan. Try free for 7 days →
0.65 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 30, 2026 · Data updated Oct 23, 2026