SuperworthKinder Morgan profit margin KMI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 19.3%
- Operating margin, 12 months
- 29.0%
- Net margin on a year earlier
- +2.2 pts
- Peer median
- 13.6%
Over the twelve months to Jun 30, 2026, Kinder Morgan kept 19.3% of its revenue as net profit, with an operating margin of 29.0% and a gross margin of 66.6%.
Five years earlier its net margin was 11.9%.
The median for 10 oil and gas pipeline stocks of a similar size is 13.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 18.0% | 27.9% | 67.4% |
| FY2024 | 17.3% | 29.0% | 71.3% |
| FY2023 | 15.6% | 27.8% | 67.8% |
| FY2022 | 13.3% | 21.2% | 51.8% |
| FY2021 | 10.7% | 17.6% | 60.9% |
| FY2020 | 1.0% | 13.3% | 78.2% |
| FY2019 | 16.6% | 36.9% | 75.3% |
| FY2018 | 11.4% | 26.8% | 68.7% |
| FY2017 | 1.3% | 25.7% | 68.3% |
| FY2016 | 5.4% | 27.4% | 73.7% |
| FY2015 | 1.8% | 17.0% | 71.4% |
| FY2014 | 6.3% | 27.4% | 61.3% |
| FY2013 | 8.5% | 28.4% | 62.7% |
| FY2012 | 3.2% | 26.0% | 69.3% |
| FY2011 | 7.5% | 17.9% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 19.3% | +2.2 pts | 29.0% | |
| Q1 FY26 | 18.9% | +2.2 pts | 28.7% | |
| Q4 FY25 | 18.0% | +0.7 pts | 27.9% | |
| Q3 FY25 | 16.6% | −0.2 pts | 27.2% | |
| Q2 FY25 | 17.1% | +1.1 pts | 27.7% | |
| Q1 FY25 | 16.7% | +0.6 pts | 27.8% | |
| Q4 FY24 | 17.3% | +1.7 pts | 29.0% | |
| Q3 FY24 | 16.8% | +1.2 pts | 28.9% | |
| Q2 FY24 | 15.9% | +1.3 pts | 28.0% | |
| Q1 FY24 | 16.1% | +2.5 pts | 28.1% | |
| Q4 FY23 | 15.6% | +2.3 pts | 27.8% | |
| Q3 FY23 | 15.5% | +2.3 pts | 26.9% |
Against its peers
Companies in Oil & Gas Midstream nearest Kinder Morgan's size, closest first, today.
| Company | Profit margin |
|---|---|
| KMIKinder Morgan | 19.3% |
| EPDEnterprise Products Partners | 10.8% |
| ETEnergy Transfer | 4.9% |
| WMBWilliams Companies | 25.2% |
| TRGPTarga Resources | 13.5% |
| LNGCheniere Energy | 13.6% |
| OKEONEOK | 9.3% |
| MPLXMPLX Lp | n/m |
| VGVenture Global | 22.3% |
| CQPCheniere Energy Partners | 27.3% |
| WESWestern Midstream Partners | 29.6% |
| Peer median | 13.6% |
Where Kinder Morgan ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Kinder Morgan
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.