KINDER MORGAN INC (KMI) Fundamental Analysis & Valuation

NYSE:KMI • US49456B1017

Current stock price

32.97 USD
+0.01 (+0.03%)
At close:
32.85 USD
-0.12 (-0.36%)
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

  • 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.
  • 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 (4.18%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 9.77%, KMI is in line with its industry, outperforming 59.81% of the companies in the same industry.
  • With a Return On Invested Capital value of 5.49%, KMI perfoms like the industry average, outperforming 50.24% 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 23.10%.
  • 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

  • KMI's Profit Margin of 17.97% is fine compared to the rest of the industry. KMI outperforms 71.77% of its industry peers.
  • KMI's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 27.89%, KMI is doing good in the industry, outperforming 70.33% of the companies in the same industry.
  • KMI's Operating Margin has been stable in the last couple of years.
  • KMI has a Gross Margin (49.31%) which is comparable to the rest of the industry.
  • 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

  • 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.
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 1.28, we must say that KMI is in the distress zone and has some risk of bankruptcy.
  • KMI has a Altman-Z score (1.28) which is comparable to the rest of the 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.
  • With a Debt to FCF ratio value of 11.07, KMI perfoms like the industry average, outperforming 54.07% of the companies in the same industry.
  • KMI has a Debt/Equity ratio of 0.99. This is a neutral value indicating 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 1.28
ROIC/WACC0.72
WACC7.59%
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

  • A Current Ratio of 0.64 indicates that KMI may have some problems paying its short term obligations.
  • KMI has a Current ratio of 0.64. This is in the lower half of the industry: KMI underperforms 76.08% of its industry peers.
  • A Quick Ratio of 0.50 indicates that KMI may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.50, KMI is doing worse than 80.86% of the companies in the same industry.
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

  • 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.
  • 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)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 6.52% 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 4.11% yearly.
EPS Next Y5.85%
EPS Next 2Y6.89%
EPS Next 3Y7.01%
EPS Next 5Y6.52%
Revenue Next Year5.29%
Revenue Next 2Y4.91%
Revenue Next 3Y4.82%
Revenue Next 5Y4.11%

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.
  • 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 25.36, KMI can be considered very expensive at the moment.
  • KMI's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, KMI is valued at the same level.
  • With a Price/Forward Earnings ratio of 23.96, KMI is valued on the expensive side.
  • The rest of the industry has a similar Price/Forward Earnings ratio as KMI.
  • The average S&P500 Price/Forward Earnings ratio is at 23.68. KMI is around the same levels.
Industry RankSector Rank
PE 25.36
Fwd PE 23.96
KMI Price Earnings VS Forward Price EarningsKMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, KMI is valued a bit more expensive than the industry average as 60.29% of the companies are valued more cheaply.
  • KMI's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 25.37
EV/EBITDA 14.67
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.
  • KMI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.34
PEG (5Y)3.22
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 3.44%.
  • KMI's Dividend Yield is a higher than the industry average which is at 3.16.
  • KMI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.44%

5.2 History

  • The dividend of KMI has a limited annual growth rate of 2.35%.
  • 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)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

  • 85.57% of the earnings are spent on dividend by KMI. This is not a sustainable payout ratio.
  • KMI's earnings are growing more than its dividend. This makes the dividend growth 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 (4/9/2026, 5:51:43 PM)

After market: 32.85 -0.12 (-0.36%)

32.97

+0.01 (+0.03%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-21
Earnings (Next)04-22
Inst Owners69.43%
Inst Owner Change0%
Ins Owners12.78%
Ins Owner Change0.33%
Market Cap73.35B
Revenue(TTM)16.94B
Net Income(TTM)3.04B
Analysts75.71
Price Target34.52 (4.7%)
Short Float %2.23%
Short Ratio2.93
Dividend
Industry RankSector Rank
Dividend Yield 3.44%
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)6.81%
PT rev (3m)8.69%
EPS NQ rev (1m)6.06%
EPS NQ rev (3m)9.77%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.84%
Revenue NQ rev (1m)0.8%
Revenue NQ rev (3m)3.85%
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)0.53%
Valuation
Industry RankSector Rank
PE 25.36
Fwd PE 23.96
P/S 4.33
P/FCF 25.37
P/OCF 12.4
P/B 2.35
P/tB 7.85
EV/EBITDA 14.67
EPS(TTM)1.3
EY3.94%
EPS(NY)1.38
Fwd EY4.17%
FCF(TTM)1.3
FCFY3.94%
OCF(TTM)2.66
OCFY8.07%
SpS7.61
BVpS14.01
TBVpS4.2
PEG (NY)4.34
PEG (5Y)3.22
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 1.28
F-Score6
WACC7.59%
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 Year5.29%
Revenue Next 2Y4.91%
Revenue Next 3Y4.82%
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.


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%.