KINDER MORGAN INC (KMI) Fundamental Analysis & Valuation

NYSE:KMI • US49456B1017

Current stock price

31.74 USD
+0.01 (+0.03%)
At close:
31.74 USD
0 (0%)
After Hours:

This KMI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. KMI Profitability Analysis

1.1 Basic Checks

  • KMI had positive earnings in the past year.
  • KMI had a positive operating cash flow in the past year.
  • In the past 5 years KMI has always been profitable.
  • Each year in the past 5 years KMI had a positive operating cash flow.
KMI Yearly Net Income VS EBIT VS OCF VS FCFKMI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • KMI has a Return On Assets of 4.18%. This is comparable to the rest of the industry: KMI outperforms 57.42% of its industry peers.
  • KMI has a Return On Equity (9.77%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of KMI (5.49%) is comparable to the rest of the industry.
  • KMI had an Average Return On Invested Capital over the past 3 years of 5.35%. This is significantly below the industry average of 22.73%.
  • The last Return On Invested Capital (5.49%) for KMI is above the 3 year average (5.35%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.18%
ROE 9.77%
ROIC 5.49%
ROA(3y)3.72%
ROA(5y)3.46%
ROE(3y)8.7%
ROE(5y)8.02%
ROIC(3y)5.35%
ROIC(5y)5.29%
KMI Yearly ROA, ROE, ROICKMI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • Looking at the Profit Margin, with a value of 17.97%, KMI is in the better half of the industry, outperforming 72.25% of the companies in the same industry.
  • KMI's Profit Margin has improved in the last couple of years.
  • The Operating Margin of KMI (27.89%) is better than 69.86% of its industry peers.
  • In the last couple of years the Operating Margin of KMI has remained more or less at the same level.
  • KMI has a Gross Margin (49.31%) which is in line with its industry peers.
  • KMI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 27.89%
PM (TTM) 17.97%
GM 49.31%
OM growth 3Y9.91%
OM growth 5Y-1.35%
PM growth 3Y10.78%
PM growth 5Y81.71%
GM growth 3Y9.1%
GM growth 5Y-2.89%
KMI Yearly Profit, Operating, Gross MarginsKMI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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2

2. KMI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KMI is destroying value.
  • KMI has about the same amout of shares outstanding than it did 1 year ago.
  • KMI has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, KMI has an improved debt to assets ratio.
KMI Yearly Shares OutstandingKMI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
KMI Yearly Total Debt VS Total AssetsKMI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • Based on the Altman-Z score of 1.24, we must say that KMI is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.24, KMI is in line with its industry, outperforming 45.93% of the companies in the same industry.
  • The Debt to FCF ratio of KMI is 11.07, which is on the high side as it means it would take KMI, 11.07 years of fcf income to pay off all of its debts.
  • KMI has a Debt to FCF ratio (11.07) which is comparable to the rest of the industry.
  • KMI has a Debt/Equity ratio of 0.99. This is a neutral value indicating KMI is somewhat dependend on debt financing.
  • KMI's Debt to Equity ratio of 0.99 is on the low side compared to the rest of the industry. KMI is outperformed by 64.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 11.07
Altman-Z 1.24
ROIC/WACC0.73
WACC7.56%
KMI Yearly LT Debt VS Equity VS FCFKMI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

  • KMI has a Current Ratio of 0.64. This is a bad value and indicates that KMI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • KMI has a worse Current ratio (0.64) than 76.08% of its industry peers.
  • A Quick Ratio of 0.50 indicates that KMI may have some problems paying its short term obligations.
  • The Quick ratio of KMI (0.50) is worse than 81.34% of its industry peers.
Industry RankSector Rank
Current Ratio 0.64
Quick Ratio 0.5
KMI Yearly Current Assets VS Current LiabilitesKMI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. KMI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 24.14% over the past year.
  • Measured over the past 5 years, KMI shows a small growth in Earnings Per Share. The EPS has been growing by 7.87% on average per year.
  • The Revenue has grown by 12.17% in the past year. This is quite good.
  • KMI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.68% yearly.
EPS 1Y (TTM)24.14%
EPS 3Y4.17%
EPS 5Y7.87%
EPS Q2Q%41.18%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y-4.09%
Revenue growth 5Y7.68%
Sales Q2Q%13.84%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.94% on average over the next years.
  • The Revenue is expected to grow by 4.25% on average over the next years.
EPS Next Y7.98%
EPS Next 2Y6.73%
EPS Next 3Y7.18%
EPS Next 5Y6.94%
Revenue Next Year5.29%
Revenue Next 2Y4.91%
Revenue Next 3Y4.82%
Revenue Next 5Y4.25%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
KMI Yearly Revenue VS EstimatesKMI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
KMI Yearly EPS VS EstimatesKMI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.5 1 1.5

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2

4. KMI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.04, the valuation of KMI can be described as rather expensive.
  • KMI's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.47, KMI is valued at the same level.
  • The Price/Forward Earnings ratio is 21.43, which indicates a rather expensive current valuation of KMI.
  • The rest of the industry has a similar Price/Forward Earnings ratio as KMI.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.62, KMI is valued at the same level.
Industry RankSector Rank
PE 22.04
Fwd PE 21.43
KMI Price Earnings VS Forward Price EarningsKMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, KMI is valued a bit more expensive than the industry average as 60.77% of the companies are valued more cheaply.
  • KMI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 24.43
EV/EBITDA 14.29
KMI Per share dataKMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KMI does not grow enough to justify the current Price/Earnings ratio.
  • KMI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.76
PEG (5Y)2.8
EPS Next 2Y6.73%
EPS Next 3Y7.18%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. KMI Dividend Analysis

5.1 Amount

  • KMI has a Yearly Dividend Yield of 3.75%.
  • Compared to an average industry Dividend Yield of 3.26, KMI pays a bit more dividend than its industry peers.
  • KMI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.75%

5.2 History

  • The dividend of KMI has a limited annual growth rate of 2.35%.
  • KMI has paid a dividend for at least 10 years, which is a reliable track record.
  • As KMI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)2.35%
Div Incr Years8
Div Non Decr Years9
KMI Yearly Dividends per shareKMI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • KMI pays out 85.57% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of KMI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP85.57%
EPS Next 2Y6.73%
EPS Next 3Y7.18%
KMI Yearly Income VS Free CF VS DividendKMI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
KMI Dividend Payout.KMI Dividend Payout, showing the Payout Ratio.KMI Dividend Payout.PayoutRetained Earnings

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KMI Fundamentals: All Metrics, Ratios and Statistics

KINDER MORGAN INC

NYSE:KMI (4/24/2026, 4:10:00 PM)

After market: 31.74 0 (0%)

31.74

+0.01 (+0.03%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)04-22
Earnings (Next)07-14
Inst Owners69.3%
Inst Owner Change0.02%
Ins Owners12.77%
Ins Owner Change0.33%
Market Cap70.62B
Revenue(TTM)16.94B
Net Income(TTM)3.04B
Analysts75.71
Price Target35.29 (11.18%)
Short Float %2.49%
Short Ratio3.52
Dividend
Industry RankSector Rank
Dividend Yield 3.75%
Yearly Dividend1.17
Dividend Growth(5Y)2.35%
DP85.57%
Div Incr Years8
Div Non Decr Years9
Ex-Date02-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.96%
Min EPS beat(2)-1.67%
Max EPS beat(2)5.6%
EPS beat(4)1
Avg EPS beat(4)-0.15%
Min EPS beat(4)-4.12%
Max EPS beat(4)5.6%
EPS beat(8)1
Avg EPS beat(8)-2.25%
EPS beat(12)2
Avg EPS beat(12)-2.21%
EPS beat(16)4
Avg EPS beat(16)-1.87%
Revenue beat(2)2
Avg Revenue beat(2)2.26%
Min Revenue beat(2)1.05%
Max Revenue beat(2)3.47%
Revenue beat(4)4
Avg Revenue beat(4)3.01%
Min Revenue beat(4)1.05%
Max Revenue beat(4)4.53%
Revenue beat(8)4
Avg Revenue beat(8)-3.67%
Revenue beat(12)4
Avg Revenue beat(12)-8.45%
Revenue beat(16)7
Avg Revenue beat(16)-3.11%
PT rev (1m)9.22%
PT rev (3m)11.32%
EPS NQ rev (1m)4.07%
EPS NQ rev (3m)9.77%
EPS NY rev (1m)2.01%
EPS NY rev (3m)1.16%
Revenue NQ rev (1m)1.8%
Revenue NQ rev (3m)3.85%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)0.52%
Valuation
Industry RankSector Rank
PE 22.04
Fwd PE 21.43
P/S 4.17
P/FCF 24.43
P/OCF 11.93
P/B 2.27
P/tB 7.55
EV/EBITDA 14.29
EPS(TTM)1.44
EY4.54%
EPS(NY)1.48
Fwd EY4.67%
FCF(TTM)1.3
FCFY4.09%
OCF(TTM)2.66
OCFY8.38%
SpS7.61
BVpS14.01
TBVpS4.2
PEG (NY)2.76
PEG (5Y)2.8
Graham Number21.3029 (-32.88%)
Profitability
Industry RankSector Rank
ROA 4.18%
ROE 9.77%
ROCE 6.9%
ROIC 5.49%
ROICexc 5.49%
ROICexgc 8.07%
OM 27.89%
PM (TTM) 17.97%
GM 49.31%
FCFM 17.07%
ROA(3y)3.72%
ROA(5y)3.46%
ROE(3y)8.7%
ROE(5y)8.02%
ROIC(3y)5.35%
ROIC(5y)5.29%
ROICexc(3y)5.35%
ROICexc(5y)5.32%
ROICexgc(3y)8.01%
ROICexgc(5y)8.03%
ROCE(3y)6.72%
ROCE(5y)6.65%
ROICexgc growth 3Y0.73%
ROICexgc growth 5Y4.75%
ROICexc growth 3Y2.25%
ROICexc growth 5Y5.39%
OM growth 3Y9.91%
OM growth 5Y-1.35%
PM growth 3Y10.78%
PM growth 5Y81.71%
GM growth 3Y9.1%
GM growth 5Y-2.89%
F-Score6
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 11.07
Debt/EBITDA 4.29
Cap/Depr 123.36%
Cap/Sales 17.87%
Interest Coverage 2.61
Cash Conversion 82.44%
Profit Quality 95%
Current Ratio 0.64
Quick Ratio 0.5
Altman-Z 1.24
F-Score6
WACC7.56%
ROIC/WACC0.73
Cap/Depr(3y)112.67%
Cap/Depr(5y)94.43%
Cap/Sales(3y)16.8%
Cap/Sales(5y)13.31%
Profit Quality(3y)128.8%
Profit Quality(5y)153.7%
High Growth Momentum
Growth
EPS 1Y (TTM)24.14%
EPS 3Y4.17%
EPS 5Y7.87%
EPS Q2Q%41.18%
EPS Next Y7.98%
EPS Next 2Y6.73%
EPS Next 3Y7.18%
EPS Next 5Y6.94%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y-4.09%
Revenue growth 5Y7.68%
Sales Q2Q%13.84%
Revenue Next Year5.29%
Revenue Next 2Y4.91%
Revenue Next 3Y4.82%
Revenue Next 5Y4.25%
EBIT growth 1Y7.76%
EBIT growth 3Y5.41%
EBIT growth 5Y6.23%
EBIT Next Year73.4%
EBIT Next 3Y23.58%
EBIT Next 5Y15.45%
FCF growth 1Y-3.83%
FCF growth 3Y-4.76%
FCF growth 5Y0.34%
OCF growth 1Y5%
OCF growth 3Y6.01%
OCF growth 5Y5.39%

KINDER MORGAN INC / KMI Fundamental Analysis FAQ

What is the fundamental rating for KMI stock?

ChartMill assigns a fundamental rating of 4 / 10 to KMI.


What is the valuation status of KINDER MORGAN INC (KMI) stock?

ChartMill assigns a valuation rating of 2 / 10 to KINDER MORGAN INC (KMI). This can be considered as Overvalued.


Can you provide the profitability details for KINDER MORGAN INC?

KINDER MORGAN INC (KMI) has a profitability rating of 6 / 10.


How financially healthy is KINDER MORGAN INC?

The financial health rating of KINDER MORGAN INC (KMI) is 2 / 10.


How sustainable is the dividend of KINDER MORGAN INC (KMI) stock?

The dividend rating of KINDER MORGAN INC (KMI) is 6 / 10 and the dividend payout ratio is 85.57%.