KINDER MORGAN INC (KMI) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:KMI • US49456B1017
30.5 USD
+0.17 (+0.56%)
At close: Feb 6, 2026
30.49 USD
-0.01 (-0.03%)
Pre-Market: 2/9/2026, 5:56:58 AM
Overall KMI gets a fundamental rating of 4 out of 10. We evaluated KMI against 206 industry peers in the Oil, Gas & Consumable Fuels industry. KMI has a medium profitability rating, but doesn't score so well on its financial health evaluation. KMI is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year KMI was profitable.
- In the past year KMI had a positive cash flow from operations.
- In the past 5 years KMI has always been profitable.
- Of the past 5 years KMI 4 years had a positive operating cash flow.
1.2 Ratios
- KMI has a Return On Assets (3.75%) which is comparable to the rest of the industry.
- KMI has a Return On Equity (8.83%) which is comparable to the rest of the industry.
- The Return On Invested Capital of KMI (5.28%) 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 22.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.75% | ||
| ROE | 8.83% | ||
| ROIC | 5.28% |
ROA(3y)3.72%
ROA(5y)3.46%
ROE(3y)8.7%
ROE(5y)8.02%
ROIC(3y)5.35%
ROIC(5y)5.29%
1.3 Margins
- The Profit Margin of KMI (16.54%) is better than 68.93% 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 27.68%, KMI is in the better half of the industry, outperforming 69.90% of the companies in the same industry.
- In the last couple of years the Operating Margin of KMI has remained more or less at the same level.
- KMI has a better Gross Margin (49.12%) than 60.19% of its industry peers.
- KMI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.68% | ||
| PM (TTM) | 16.54% | ||
| GM | 49.12% |
OM growth 3Y9.91%
OM growth 5Y-1.35%
PM growth 3Y10.79%
PM growth 5Y81.72%
GM growth 3Y9.1%
GM growth 5Y-2.89%
2. Health
2.1 Basic Checks
- KMI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- KMI has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for KMI has been reduced compared to 5 years ago.
- KMI has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.19, we must say that KMI is in the distress zone and has some risk of bankruptcy.
- KMI's Altman-Z score of 1.19 is in line compared to the rest of the industry. KMI outperforms 49.03% of its industry peers.
- KMI has a debt to FCF ratio of 15.03. This is a negative value and a sign of low solvency as KMI would need 15.03 years to pay back of all of its debts.
- KMI has a Debt to FCF ratio (15.03) which is in line with its industry peers.
- A Debt/Equity ratio of 1.02 is on the high side and indicates that KMI has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.02, KMI is doing worse than 68.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 15.03 | ||
| Altman-Z | 1.19 |
ROIC/WACC0.71
WACC7.45%
2.3 Liquidity
- A Current Ratio of 0.63 indicates that KMI may have some problems paying its short term obligations.
- KMI has a Current ratio of 0.63. This is in the lower half of the industry: KMI underperforms 76.70% of its industry peers.
- KMI has a Quick Ratio of 0.63. 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 Quick ratio (0.49) than 83.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
- KMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.07%, which is quite good.
- The Earnings Per Share has been growing slightly by 7.87% on average over the past years.
- The Revenue has grown by 12.17% in the past year. This is quite good.
- 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
- The Earnings Per Share is expected to grow by 7.58% on average over the next years.
- KMI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.80% yearly.
EPS Next Y6.38%
EPS Next 2Y7.25%
EPS Next 3Y6.5%
EPS Next 5Y7.58%
Revenue Next Year4.56%
Revenue Next 2Y5.08%
Revenue Next 3Y4.81%
Revenue Next 5Y5.8%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- KMI is valuated rather expensively with a Price/Earnings ratio of 23.46.
- Compared to the rest of the industry, the Price/Earnings ratio of KMI is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 27.93, KMI is valued at the same level.
- A Price/Forward Earnings ratio of 22.05 indicates a rather expensive valuation of KMI.
- KMI's Price/Forward Earnings is on the same level as the industry average.
- KMI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.77.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.46 | ||
| Fwd PE | 22.05 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, KMI is valued a bit more expensive than the industry average as 63.11% of the companies are valued more cheaply.
- KMI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.31 | ||
| EV/EBITDA | 14.39 |
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.
PEG (NY)3.68
PEG (5Y)2.98
EPS Next 2Y7.25%
EPS Next 3Y6.5%
5. Dividend
5.1 Amount
- KMI has a Yearly Dividend Yield of 3.86%. Purely for dividend investing, there may be better candidates out there.
- KMI's Dividend Yield is a higher than the industry average which is at 3.64.
- Compared to an average S&P500 Dividend Yield of 1.81, KMI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
5.2 History
- The dividend of KMI has a limited annual growth rate of 3.80%.
- KMI has been paying a dividend for at least 10 years, so it has a reliable track record.
- KMI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)3.8%
Div Incr Years7
Div Non Decr Years8
5.3 Sustainability
- KMI pays out 95.47% of its income as dividend. This is not a sustainable payout ratio.
- KMI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP95.47%
EPS Next 2Y7.25%
EPS Next 3Y6.5%
30.5
+0.17 (+0.56%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-21 2026-01-21/amc
Earnings (Next)04-14 2026-04-14/amc
Inst Owners68.74%
Inst Owner Change-2.62%
Ins Owners12.78%
Ins Owner Change0.32%
Market Cap67.86B
Revenue(TTM)16.94B
Net Income(TTM)2.71B
Analysts76.92
Price Target32.06 (5.11%)
Short Float %2.08%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
Yearly Dividend1.15
Dividend Growth(5Y)3.8%
DP95.47%
Div Incr Years7
Div Non Decr Years8
Ex-Date02-02 2026-02-02 (0.2925)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.03%
Min EPS beat(2)-1.67%
Max EPS beat(2)-0.4%
EPS beat(4)0
Avg EPS beat(4)-2.79%
Min EPS beat(4)-4.98%
Max EPS beat(4)-0.4%
EPS beat(8)0
Avg EPS beat(8)-3.76%
EPS beat(12)2
Avg EPS beat(12)-2.53%
EPS beat(16)4
Avg EPS beat(16)-1.97%
Revenue beat(2)2
Avg Revenue beat(2)2.79%
Min Revenue beat(2)1.05%
Max Revenue beat(2)4.53%
Revenue beat(4)3
Avg Revenue beat(4)0.49%
Min Revenue beat(4)-6.63%
Max Revenue beat(4)4.53%
Revenue beat(8)3
Avg Revenue beat(8)-5.47%
Revenue beat(12)3
Avg Revenue beat(12)-9.38%
Revenue beat(16)7
Avg Revenue beat(16)-1.94%
PT rev (1m)0.96%
PT rev (3m)1.11%
EPS NQ rev (1m)-0.22%
EPS NQ rev (3m)0.08%
EPS NY rev (1m)-0.34%
EPS NY rev (3m)0.07%
Revenue NQ rev (1m)-3.37%
Revenue NQ rev (3m)-4.33%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-0.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.46 | ||
| Fwd PE | 22.05 | ||
| P/S | 4.13 | ||
| P/FCF | 31.31 | ||
| P/OCF | 11.83 | ||
| P/B | 2.21 | ||
| P/tB | 7.64 | ||
| EV/EBITDA | 14.39 |
EPS(TTM)1.3
EY4.26%
EPS(NY)1.38
Fwd EY4.53%
FCF(TTM)0.97
FCFY3.19%
OCF(TTM)2.58
OCFY8.45%
SpS7.38
BVpS13.82
TBVpS3.99
PEG (NY)3.68
PEG (5Y)2.98
Graham Number20.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.75% | ||
| ROE | 8.83% | ||
| ROCE | 6.64% | ||
| ROIC | 5.28% | ||
| ROICexc | 5.28% | ||
| ROICexgc | 7.76% | ||
| OM | 27.68% | ||
| PM (TTM) | 16.54% | ||
| GM | 49.12% | ||
| FCFM | 13.2% |
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)7.91%
ROICexgc(5y)7.97%
ROCE(3y)6.72%
ROCE(5y)6.65%
ROICexgc growth 3Y-0.48%
ROICexgc growth 5Y4%
ROICexc growth 3Y2.26%
ROICexc growth 5Y5.39%
OM growth 3Y9.91%
OM growth 5Y-1.35%
PM growth 3Y10.79%
PM growth 5Y81.72%
GM growth 3Y9.1%
GM growth 5Y-2.89%
F-Score6
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 15.03 | ||
| Debt/EBITDA | 4.52 | ||
| Cap/Depr | 146.77% | ||
| Cap/Sales | 21.73% | ||
| Interest Coverage | 2.51 | ||
| Cash Conversion | 82.22% | ||
| Profit Quality | 79.82% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 1.19 |
F-Score6
WACC7.45%
ROIC/WACC0.71
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.07%
EPS 3Y4.17%
EPS 5Y7.87%
EPS Q2Q%21.88%
EPS Next Y6.38%
EPS Next 2Y7.25%
EPS Next 3Y6.5%
EPS Next 5Y7.58%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y-4.09%
Revenue growth 5Y7.68%
Sales Q2Q%14.39%
Revenue Next Year4.56%
Revenue Next 2Y5.08%
Revenue Next 3Y4.81%
Revenue Next 5Y5.8%
EBIT growth 1Y5.63%
EBIT growth 3Y5.41%
EBIT growth 5Y6.23%
EBIT Next Year72.73%
EBIT Next 3Y23.37%
EBIT Next 5Y15.54%
FCF growth 1Y-44.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.04%
OCF growth 3YN/A
OCF growth 5YN/A
KINDER MORGAN INC / KMI 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 5 / 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 23.46 and the Price/Book (PB) ratio is 2.21.
What is the financial health of KINDER MORGAN INC (KMI) stock?
The financial health rating of KINDER MORGAN INC (KMI) is 2 / 10.