KINDER MORGAN INC (KMI) Fundamental Analysis & Valuation

NYSE:KMI • US49456B1017

Current stock price

31.94 USD
-0.08 (-0.25%)
At close:
31.95 USD
+0.01 (+0.03%)
Pre-Market:

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.
  • In the past year KMI had a positive cash flow from operations.
  • Each year in the past 5 years KMI has been profitable.
  • KMI had a positive operating cash flow in each of the past 5 years.
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 in line with its industry peers.
  • KMI has a Return On Equity of 9.77%. This is comparable to the rest of the industry: KMI outperforms 58.85% of its industry peers.
  • KMI's Return On Invested Capital of 5.49% is in line compared to the rest of the industry. KMI outperforms 49.76% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for KMI is significantly below the industry average of 22.74%.
  • 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 72.25% of its industry peers.
  • KMI's Profit Margin has improved in the last couple of years.
  • KMI has a better Operating Margin (27.89%) than 69.86% of its industry peers.
  • KMI's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of KMI (49.31%) 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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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. KMI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KMI is destroying value.
  • Compared to 1 year ago, KMI has about the same amount of shares outstanding.
  • Compared to 5 years ago, KMI has less shares outstanding
  • 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 1.25, we must say that KMI is in the distress zone and has some risk of bankruptcy.
  • KMI's Altman-Z score of 1.25 is in line compared to the rest of the industry. KMI outperforms 46.89% of its industry peers.
  • KMI has a debt to FCF ratio of 11.07. This is a negative value and a sign of low solvency as KMI would need 11.07 years to pay back of 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 64.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 11.07
Altman-Z 1.25
ROIC/WACC0.73
WACC7.54%
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 worse Current ratio (0.64) than 76.08% 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 has a Quick ratio of 0.50. This is amonst the worse of the industry: KMI underperforms 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

  • 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.
  • KMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.17%.
  • 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 Y7.98%
EPS Next 2Y6.73%
EPS Next 3Y7.18%
EPS Next 5Y6.52%
Revenue Next Year5.29%
Revenue Next 2Y4.91%
Revenue Next 3Y4.82%
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

  • KMI is valuated rather expensively with a Price/Earnings ratio of 24.57.
  • KMI's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.95. KMI is around the same levels.
  • With a Price/Forward Earnings ratio of 22.75, KMI is valued on the expensive side.
  • KMI's Price/Forward Earnings ratio is in line with the industry average.
  • KMI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 38.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 24.57
Fwd PE 22.75
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 60.77% of the companies in the same industry.
  • 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 24.58
EV/EBITDA 14.35
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)3.08
PEG (5Y)3.12
EPS Next 2Y6.73%
EPS Next 3Y7.18%

More info and screens

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

6

5. KMI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.68%, KMI has a reasonable but not impressive dividend return.
  • KMI's Dividend Yield is a higher than the industry average which is at 3.26.
  • KMI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.68%

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.
  • 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.
  • KMI's earnings are growing more than its dividend. This makes the dividend growth 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

More info and screens

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KMI Fundamentals: All Metrics, Ratios and Statistics

KINDER MORGAN INC

NYSE:KMI (4/20/2026, 8:12:41 PM)

Premarket: 31.95 +0.01 (+0.03%)

31.94

-0.08 (-0.25%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-21
Earnings (Next)04-22
Inst Owners69.3%
Inst Owner Change0.02%
Ins Owners12.77%
Ins Owner Change0.33%
Market Cap71.06B
Revenue(TTM)16.94B
Net Income(TTM)3.04B
Analysts75.71
Price Target35.29 (10.49%)
Short Float %2.49%
Short Ratio3.52
Dividend
Industry RankSector Rank
Dividend Yield 3.68%
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 24.57
Fwd PE 22.75
P/S 4.2
P/FCF 24.58
P/OCF 12.01
P/B 2.28
P/tB 7.6
EV/EBITDA 14.35
EPS(TTM)1.3
EY4.07%
EPS(NY)1.4
Fwd EY4.39%
FCF(TTM)1.3
FCFY4.07%
OCF(TTM)2.66
OCFY8.33%
SpS7.61
BVpS14.01
TBVpS4.2
PEG (NY)3.08
PEG (5Y)3.12
Graham Number20.2408 (-36.63%)
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 1.25
F-Score6
WACC7.54%
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)12.07%
EPS 3Y4.17%
EPS 5Y7.87%
EPS Q2Q%21.88%
EPS Next Y7.98%
EPS Next 2Y6.73%
EPS Next 3Y7.18%
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 Year73.4%
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%.