KINDER MORGAN INC (KMI) Fundamental Analysis & Valuation

NYSE:KMI • US49456B1017

Current stock price

32.87 USD
+1.03 (+3.23%)
At close:
32.95 USD
+0.08 (+0.24%)
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

  • KMI had positive earnings in the past year.
  • 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

  • The Return On Assets of KMI (4.18%) is comparable to the rest of the industry.
  • The Return On Equity of KMI (9.77%) is comparable to the rest of the industry.
  • KMI has a Return On Invested Capital (5.49%) which is in line with its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for KMI is significantly below the industry average of 22.53%.
  • The last Return On Invested Capital (5.49%) for KMI is above the 3 year average (5.35%), which is a sign of increasing profitability.
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 has a Profit Margin of 17.97%. This is in the better half of the industry: KMI outperforms 72.25% of its industry peers.
  • KMI's Profit Margin has improved in the last couple of years.
  • KMI's Operating Margin of 27.89% is fine compared to the rest of the industry. KMI outperforms 69.38% of its industry peers.
  • In the last couple of years the Operating Margin of KMI has remained more or less at the same level.
  • With a Gross Margin value of 49.31%, KMI perfoms like the industry average, outperforming 57.89% of the companies in the same 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KMI is destroying value.
  • Compared to 1 year ago, KMI has about the same amount of shares outstanding.
  • KMI has less shares outstanding than it did 5 years ago.
  • 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 1.25. This is a bad value and indicates that KMI is not financially healthy and even 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 44.50% 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.
  • With a Debt to FCF ratio value of 11.07, KMI perfoms like the industry average, outperforming 55.02% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.99, KMI is doing worse than 66.51% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 11.07
Altman-Z 1.25
ROIC/WACC0.71
WACC7.68%
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 77.03% 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 82.30% 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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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 24.14%, which is quite impressive.
  • The Earnings Per Share has been growing slightly by 7.87% on average over the past years.
  • The Revenue has grown by 13.07% 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)24.14%
EPS 3Y4.17%
EPS 5Y7.87%
EPS Q2Q%41.18%
Revenue 1Y (TTM)13.07%
Revenue growth 3Y-4.09%
Revenue growth 5Y7.68%
Sales Q2Q%13.84%

3.2 Future

  • Based on estimates for the next years, KMI will show a small growth in Earnings Per Share. The EPS will grow by 6.94% on average per year.
  • KMI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.25% yearly.
EPS Next Y7.98%
EPS Next 2Y6.73%
EPS Next 3Y7.18%
EPS Next 5Y6.94%
Revenue Next Year5.29%
Revenue Next 2Y4.91%
Revenue Next 3Y4.82%
Revenue Next 5Y4.25%

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

  • KMI is valuated rather expensively with a Price/Earnings ratio of 22.83.
  • Compared to the rest of the industry, the Price/Earnings ratio of KMI is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of KMI to the average of the S&P500 Index (26.77), we can say KMI is valued inline with the index average.
  • KMI is valuated rather expensively with a Price/Forward Earnings ratio of 22.20.
  • KMI's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of KMI to the average of the S&P500 Index (21.75), we can say KMI is valued inline with the index average.
Industry RankSector Rank
PE 22.83
Fwd PE 22.2
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.
  • KMI's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 25.3
EV/EBITDA 14.32
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.
  • The decent profitability rating of KMI may justify a higher PE ratio.
PEG (NY)2.86
PEG (5Y)2.9
EPS Next 2Y6.73%
EPS Next 3Y7.18%

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6

5. KMI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.74%, KMI has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.21, KMI pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, KMI pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.74%

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

  • 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 2Y6.73%
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

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KMI Fundamentals: All Metrics, Ratios and Statistics

KINDER MORGAN INC

NYSE:KMI (4/30/2026, 8:04:00 PM)

After market: 32.95 +0.08 (+0.24%)

32.87

+1.03 (+3.23%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength78.88
Industry Growth83.23
Earnings (Last)04-22
Earnings (Next)07-14
Inst Owners69.3%
Inst Owner Change-0.25%
Ins Owners12.77%
Ins Owner Change0.33%
Market Cap73.13B
Revenue(TTM)17.52B
Net Income(TTM)3.04B
Analysts75.71
Price Target35.94 (9.34%)
Short Float %2.5%
Short Ratio3.6
Dividend
Industry RankSector Rank
Dividend Yield 3.74%
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)2.26%
EPS NQ rev (3m)8.06%
EPS NY rev (1m)2.01%
EPS NY rev (3m)1.28%
Revenue NQ rev (1m)1.09%
Revenue NQ rev (3m)1.11%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)0.69%
Valuation
Industry RankSector Rank
PE 22.83
Fwd PE 22.2
P/S 4.32
P/FCF 25.3
P/OCF 12.36
P/B 2.35
P/tB 7.82
EV/EBITDA 14.32
EPS(TTM)1.44
EY4.38%
EPS(NY)1.48
Fwd EY4.5%
FCF(TTM)1.3
FCFY3.95%
OCF(TTM)2.66
OCFY8.09%
SpS7.61
BVpS14.01
TBVpS4.2
PEG (NY)2.86
PEG (5Y)2.9
Graham Number21.3029 (-35.19%)
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
WACC7.68%
ROIC/WACC0.71
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)24.14%
EPS 3Y4.17%
EPS 5Y7.87%
EPS Q2Q%41.18%
EPS Next Y7.98%
EPS Next 2Y6.73%
EPS Next 3Y7.18%
EPS Next 5Y6.94%
Revenue 1Y (TTM)13.07%
Revenue growth 3Y-4.09%
Revenue growth 5Y7.68%
Sales Q2Q%13.84%
Revenue Next Year5.29%
Revenue Next 2Y4.91%
Revenue Next 3Y4.82%
Revenue Next 5Y4.25%
EBIT growth 1Y7.76%
EBIT growth 3Y5.41%
EBIT growth 5Y6.23%
EBIT Next Year73.4%
EBIT Next 3Y23.58%
EBIT Next 5Y15.45%
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%.