KINDER MORGAN INC (KMI) Fundamental Analysis & Valuation

NYSE:KMI • US49456B1017

Current stock price

34.465 USD
+0.4 (+1.16%)
Last:

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

  • In the past year KMI was profitable.
  • KMI had a positive operating cash flow in the past year.
  • Each year in the past 5 years KMI has 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

  • The Return On Assets of KMI (4.18%) is comparable to the rest of the industry.
  • With a Return On Equity value of 9.77%, KMI perfoms like the industry average, outperforming 59.33% of the companies in the same industry.
  • With a Return On Invested Capital value of 5.49%, KMI perfoms like the industry average, outperforming 49.76% of the companies in the same 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 23.05%.
  • The 3 year average ROIC (5.35%) for KMI is below the current ROIC(5.49%), indicating increased profibility in the last year.
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

  • The Profit Margin of KMI (17.97%) is better than 71.77% of its industry peers.
  • In the last couple of years the Profit Margin of KMI has grown nicely.
  • Looking at the Operating Margin, with a value of 27.89%, KMI is in the better half of the industry, outperforming 70.81% of the companies in the same industry.
  • KMI's Operating Margin has been stable in the last couple of years.
  • KMI's Gross Margin of 49.31% is in line compared to the rest of the industry. KMI outperforms 59.33% of its industry peers.
  • In the last couple of years the Gross Margin of KMI has declined.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • Compared to 5 years ago, KMI has less shares outstanding
  • 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

  • KMI has an Altman-Z score of 1.32. This is a bad value and indicates that KMI is not financially healthy and even has some risk of bankruptcy.
  • KMI has a Altman-Z score of 1.32. This is comparable to the rest of the industry: KMI outperforms 47.85% of its industry peers.
  • 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.
  • The Debt to FCF ratio of KMI (11.07) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.99 indicates that KMI is somewhat dependend on debt financing.
  • KMI has a worse Debt to Equity ratio (0.99) than 64.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 11.07
Altman-Z 1.32
ROIC/WACC0.72
WACC7.65%
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 Current ratio of 0.64. This is in the lower half of the industry: KMI underperforms 76.56% of its industry peers.
  • KMI has a Quick 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's Quick ratio of 0.50 is on the low side compared to the rest of the industry. KMI is outperformed by 80.86% 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 nice 12.07% over the past year.
  • The Earnings Per Share has been growing slightly by 7.87% on average over the past years.
  • Looking at the last year, KMI shows a quite strong growth in Revenue. The Revenue has grown by 12.17% in the last year.
  • Measured over the past years, KMI shows a small growth in Revenue. The Revenue has been growing by 7.68% on average per year.
EPS 1Y (TTM)12.07%
EPS 3Y4.17%
EPS 5Y7.87%
EPS Q2Q%21.88%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y-4.09%
Revenue growth 5Y7.68%
Sales Q2Q%14.39%

3.2 Future

  • KMI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.52% yearly.
  • The Revenue is expected to grow by 4.11% on average over the next years.
EPS Next Y5.85%
EPS Next 2Y6.89%
EPS Next 3Y7.01%
EPS Next 5Y6.52%
Revenue Next Year5.03%
Revenue Next 2Y4.87%
Revenue Next 3Y4.73%
Revenue Next 5Y4.11%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • With a Price/Earnings ratio of 26.51, KMI can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of KMI is on the same level as its industry peers.
  • KMI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • KMI is valuated quite expensively with a Price/Forward Earnings ratio of 25.05.
  • KMI's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.51, KMI is valued at the same level.
Industry RankSector Rank
PE 26.51
Fwd PE 25.05
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as KMI.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of KMI is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 26.52
EV/EBITDA 15.01
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 an expensive valuation of the company.
  • The decent profitability rating of KMI may justify a higher PE ratio.
PEG (NY)4.53
PEG (5Y)3.37
EPS Next 2Y6.89%
EPS Next 3Y7.01%

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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 3.50%.
  • KMI's Dividend Yield is a higher than the industry average which is at 3.29.
  • Compared to an average S&P500 Dividend Yield of 1.90, KMI pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.5%

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 Years7
Div Non Decr Years8
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 2Y6.89%
EPS Next 3Y7.01%
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 (3/27/2026, 12:20:06 PM)

34.465

+0.4 (+1.16%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-21
Earnings (Next)04-14
Inst Owners69.43%
Inst Owner Change1.17%
Ins Owners12.78%
Ins Owner Change0.33%
Market Cap76.68B
Revenue(TTM)16.94B
Net Income(TTM)3.04B
Analysts76.3
Price Target32.32 (-6.22%)
Short Float %2.39%
Short Ratio3.21
Dividend
Industry RankSector Rank
Dividend Yield 3.5%
Yearly Dividend1.17
Dividend Growth(5Y)2.35%
DP85.57%
Div Incr Years7
Div Non Decr Years8
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)0.8%
PT rev (3m)1.6%
EPS NQ rev (1m)1.35%
EPS NQ rev (3m)6.3%
EPS NY rev (1m)-0.5%
EPS NY rev (3m)-0.94%
Revenue NQ rev (1m)-0.96%
Revenue NQ rev (3m)2.01%
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)0.42%
Valuation
Industry RankSector Rank
PE 26.51
Fwd PE 25.05
P/S 4.53
P/FCF 26.52
P/OCF 12.96
P/B 2.46
P/tB 8.2
EV/EBITDA 15.01
EPS(TTM)1.3
EY3.77%
EPS(NY)1.38
Fwd EY3.99%
FCF(TTM)1.3
FCFY3.77%
OCF(TTM)2.66
OCFY7.72%
SpS7.61
BVpS14.01
TBVpS4.2
PEG (NY)4.53
PEG (5Y)3.37
Graham Number20.24
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 1.32
F-Score6
WACC7.65%
ROIC/WACC0.72
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)12.07%
EPS 3Y4.17%
EPS 5Y7.87%
EPS Q2Q%21.88%
EPS Next Y5.85%
EPS Next 2Y6.89%
EPS Next 3Y7.01%
EPS Next 5Y6.52%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y-4.09%
Revenue growth 5Y7.68%
Sales Q2Q%14.39%
Revenue Next Year5.03%
Revenue Next 2Y4.87%
Revenue Next 3Y4.73%
Revenue Next 5Y4.11%
EBIT growth 1Y7.76%
EBIT growth 3Y5.41%
EBIT growth 5Y6.23%
EBIT Next Year72.53%
EBIT Next 3Y23.58%
EBIT Next 5Y15.42%
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.


How profitable is KINDER MORGAN INC (KMI) stock?

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


What are the PE and PB ratios of KINDER MORGAN INC (KMI) stock?

The Price/Earnings (PE) ratio for KINDER MORGAN INC (KMI) is 26.51 and the Price/Book (PB) ratio is 2.46.


What is the financial health of KINDER MORGAN INC (KMI) stock?

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