KINDER MORGAN INC (KMI) Stock Fundamental Analysis

NYSE:KMI • US49456B1017

32.783 USD
+0.05 (+0.16%)
Last: Feb 23, 2026, 02:33 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to KMI. KMI was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. While KMI is still in line with the averages on profitability rating, there are concerns on its financial health. KMI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

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.
  • Of the past 5 years KMI 4 years 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 (3.75%) is comparable to the rest of the industry.
  • KMI has a Return On Equity of 8.83%. This is comparable to the rest of the industry: KMI outperforms 55.83% of its industry peers.
  • With a Return On Invested Capital value of 5.28%, KMI perfoms like the industry average, outperforming 45.63% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for KMI is significantly below the industry average of 21.98%.
Industry RankSector 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%
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

  • With a decent Profit Margin value of 16.54%, KMI is doing good in the industry, outperforming 68.93% of the companies in the same industry.
  • KMI's Profit Margin has improved in the last couple of years.
  • KMI has a better Operating Margin (27.68%) than 69.90% of its industry peers.
  • KMI's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 49.12%, KMI is in the better half of the industry, outperforming 60.19% of the companies in the same industry.
  • KMI's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
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. Health

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.
  • The debt/assets ratio for KMI has been reduced compared to a year ago.
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 1.26. 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 (1.26) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of KMI is 15.03, which is on the high side as it means it would take KMI, 15.03 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 15.03, KMI is in line with its industry, outperforming 50.49% of the companies in the same industry.
  • 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 68.45% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.02
Debt/FCF 15.03
Altman-Z 1.26
ROIC/WACC0.71
WACC7.42%
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 0.63. 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 Current ratio (0.63) than 76.70% of its industry peers.
  • A Quick Ratio of 0.49 indicates that KMI may have some problems paying its short term obligations.
  • KMI has a Quick ratio of 0.49. This is amonst the worse of the industry: KMI underperforms 83.98% of its industry peers.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.49
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. Growth

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.
  • The Revenue has been growing slightly by 7.68% on average over the past years.
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 6.74% on average over the next years.
  • The Revenue is expected to grow by 4.02% on average over the next years.
EPS Next Y6.38%
EPS Next 2Y7.25%
EPS Next 3Y6.5%
EPS Next 5Y6.74%
Revenue Next Year4.53%
Revenue Next 2Y5.08%
Revenue Next 3Y4.81%
Revenue Next 5Y4.02%

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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 25.22, which means the current valuation is very expensive for KMI.
  • KMI's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, KMI is valued at the same level.
  • A Price/Forward Earnings ratio of 23.71 indicates a rather expensive valuation of KMI.
  • KMI's Price/Forward Earnings is on the same level as the industry average.
  • KMI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.02, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 25.22
Fwd PE 23.71
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KMI indicates a slightly more expensive valuation: KMI is more expensive than 62.62% of the companies listed in the same industry.
  • KMI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 33.66
EV/EBITDA 15.1
KMI Per share dataKMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 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.
PEG (NY)3.95
PEG (5Y)3.2
EPS Next 2Y7.25%
EPS Next 3Y6.5%

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

6

5. Dividend

5.1 Amount

  • KMI has a Yearly Dividend Yield of 3.60%. 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 3.52.
  • Compared to an average S&P500 Dividend Yield of 1.81, KMI pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.6%

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.
  • As KMI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)3.8%
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 95.47% 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.
DP95.47%
EPS Next 2Y7.25%
EPS Next 3Y6.5%
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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Find the best dividend stocksShow peers with best dividend

KINDER MORGAN INC

NYSE:KMI (2/23/2026, 2:33:06 PM)

32.783

+0.05 (+0.16%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-21
Earnings (Next)04-14
Inst Owners68.74%
Inst Owner Change1.2%
Ins Owners12.78%
Ins Owner Change0.32%
Market Cap72.93B
Revenue(TTM)16.94B
Net Income(TTM)2.71B
Analysts76.3
Price Target32.06 (-2.21%)
Short Float %2.42%
Short Ratio3.46
Dividend
Industry RankSector Rank
Dividend Yield 3.6%
Yearly Dividend1.15
Dividend Growth(5Y)3.8%
DP95.47%
Div Incr Years7
Div Non Decr Years8
Ex-Date02-02
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)1.12%
PT rev (3m)0.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.19%
EPS NY rev (1m)-0.22%
EPS NY rev (3m)0.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.39%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.84%
Valuation
Industry RankSector Rank
PE 25.22
Fwd PE 23.71
P/S 4.44
P/FCF 33.66
P/OCF 12.72
P/B 2.37
P/tB 8.21
EV/EBITDA 15.1
EPS(TTM)1.3
EY3.97%
EPS(NY)1.38
Fwd EY4.22%
FCF(TTM)0.97
FCFY2.97%
OCF(TTM)2.58
OCFY7.86%
SpS7.38
BVpS13.82
TBVpS3.99
PEG (NY)3.95
PEG (5Y)3.2
Graham Number20.1
Profitability
Industry RankSector 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 RankSector 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 1.26
F-Score6
WACC7.42%
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 5Y6.74%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y-4.09%
Revenue growth 5Y7.68%
Sales Q2Q%14.39%
Revenue Next Year4.53%
Revenue Next 2Y5.08%
Revenue Next 3Y4.81%
Revenue Next 5Y4.02%
EBIT growth 1Y5.63%
EBIT growth 3Y5.41%
EBIT growth 5Y6.23%
EBIT Next Year72.73%
EBIT Next 3Y23.37%
EBIT Next 5Y15.31%
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 25.22 and the Price/Book (PB) ratio is 2.37.


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

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