Stocktoria

KINDER MORGAN, INC. KMI

NYSE · stock · Natural Gas Transmission · website · IPO 2011-02-11 · LEI

KINDER MORGAN, INC. statistics & valuation

Market cap$73.8B
P / E24.2×
P / S4.4×
P / B2.3×
P / FCF25.5×
Dividend yield3.53%
Net margin18.0%
Return on equity9.4%
FCF margin17.1%
Net debt$30.7B
Net debt / EBITDA4.3×
Enterprise value USD$104.6B
EV / EBITDA14.6×
Earnings yield EBIT/EV4.5%
Return on capital6.9%
Graham number -33.2%$21.20

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($21.20); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.40% 1.30% 11.40% 16.60% 1.00% 10.70% 13.30% 15.60% 17.30% 18.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
27.10% 25.70% 26.80% 36.90% 13.30% 17.60% 21.20% 27.80% 29.00% 27.90% 2016201720182019202020212022202320242025
Return on equity (%)
2.00% 0.50% 4.70% 6.40% 0.40% 5.60% 7.90% 7.50% 8.20% 9.40% 2016201720182019202020212022202320242025
Shares outstanding
2.23B 2.23B 2.26B 2.26B 2.26B 2.27B 2.26B 2.23B 2.22B 2.22B 2016201720182019202020212022202320242025
Net debt ($)
$38.22B $36.65B $30.66B $31.73B $30.95B $29.53B $27.66B $27.98B $29.79B $30.71B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.90% 0.20% 2.00% 3.00% 0.20% 2.50% 3.60% 3.40% 3.70% 4.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
14.40% 10.30% 15.10% 18.80% 24.30% 26.70% 17.40% 27.20% 19.90% 17.10% 2016201720182019202020212022202320242025
Debt / equity (×)
1.12× 1.05× 0.98× 0.94× 1.01× 0.96× 0.88× 0.88× 0.94× 0.95× 2016201720182019202020212022202320242025
EPS ($)
$0.25 $0.01 $0.96 $0.05 $0.78 $1.12 $1.06 $1.17 $1.37 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

KINDER MORGAN, INC. trades at about 23.2× earnings — near its 10-year norm (10-year range 16×–1798×, median 23.5×).

16× 1798×

Shaded band = 10-year range (16×–1798×); dot = today's 23.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin27.9%29.0%27.8%21.2%17.6%13.3%36.9%26.8%25.7%27.1%
Net margin18.0%17.3%15.6%13.3%10.7%1.0%16.6%11.4%1.3%5.4%
FCF margin17.1%19.9%27.2%17.4%26.7%24.3%18.8%15.1%10.3%14.4%
Return on assets4.2%3.7%3.4%3.6%2.5%0.2%3.0%2.0%0.2%0.9%
Return on equity9.4%8.2%7.5%7.9%5.6%0.4%6.4%4.7%0.5%2.0%
Debt / equity0.95×0.94×0.88×0.88×0.96×1.01×0.94×0.98×1.05×1.12×
Current ratio0.640.490.350.550.660.630.630.760.440.55

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.