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Overview

KINDER MORGAN, INC.

KMINYSEEnergyNatural Gas TransmissionCIK 0001506307S&P 500

Latest 10-K: FY2025, filed Feb 13, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$16.94B
12.2%YoYup from FY2024
TotalRevenue
Gross profit
$11.41B
6.0%YoYup from FY2024
GrossProfit
Operating income
$4.72B
7.8%YoYup from FY2024
OperatingIncome
Net income
$3.06B
17.0%YoYup from FY2024
NetIncome
Diluted EPS
$1.37
17.1%YoYup from FY2024
EPSDiluted
Diluted shares
2.22B
0.1%YoYup from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • KINDER MORGAN, INC. reported revenue of $16.94B for fiscal 2025, up 12.2% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.

Profitability

  • Operating margin was 27.9% and net margin was 18.0%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $1.37, up 17.1% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 22, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$16.94B12.2%up
S&P 500 6.4%
$15.10B1.5%down
S&P 500 4.5%
$15.33B20.1%down
S&P 500 4.8%
$19.20B15.6%up
S&P 500 10.3%
$16.61B42.0%up
S&P 500 13.8%
0.5%
S&P 500 6.6%
Gross Profit
Median of 315 / 498
$11.41B6.0%up
S&P 500 6.8%
$10.76B3.5%up
S&P 500 5.5%
$10.40B4.5%up
S&P 500 5.2%
$9.95B1.7%down
S&P 500 8.3%
$10.12B10.5%up
S&P 500 15.7%
3.0%
S&P 500 6.2%
Operating Income
Median of 373 / 498
$4.72B7.8%up
S&P 500 7.3%
$4.38B2.8%up
S&P 500 7.4%
$4.26B4.9%up
S&P 500 4.9%
$4.07B39.4%up
S&P 500 7.5%
$2.92B86.9%up
S&P 500 23.5%
12.8%
S&P 500 7.2%
Net Income
$3.06B17.0%up
S&P 500 4.8%
$2.61B9.3%up
S&P 500 5.7%
$2.39B6.2%down
S&P 500 1.9%
$2.55B42.8%up
S&P 500 1.3%
$1.78B1399.2%up
S&P 500 33.9%
14.4%
S&P 500 4.1%
EPS (Diluted)
$1.3717.1%up
S&P 500 6.2%
$1.1710.4%up
S&P 500 7.9%
$1.065.4%down
S&P 500 1.9%
$1.1243.6%up
S&P 500 1.5%
$0.781460.0%up
S&P 500 34.8%
15.1%
S&P 500 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$72.75B1.9%up
S&P 500 5.6%
$71.41B0.5%up
S&P 500 3.4%
$71.02B1.3%up
S&P 500 4.1%
$70.08B0.5%down
S&P 500 2.2%
$70.42B2.2%down
S&P 500 6.7%
0.8%
S&P 500 4.7%
Total Liabilities
Median of 357 / 498
$40.30B1.9%up
S&P 500 6.4%
$39.54B0.6%up
S&P 500 1.9%
$39.29B3.5%up
S&P 500 2.9%
$37.96B1.4%down
S&P 500 2.0%
$38.49B2.3%down
S&P 500 5.2%
1.2%
S&P 500 4.4%
Stockholders' Equity
$32.45B1.8%up
S&P 500 6.8%
$31.87B0.4%up
S&P 500 5.4%
$31.73B1.2%down
S&P 500 7.3%
$32.11B0.6%up
S&P 500 2.5%
$31.92B0.3%up
S&P 500 9.0%
0.4%
S&P 500 6.1%
Cash & Equivalents
$0.06B28.4%down
S&P 500 5.2%
$0.09B6.0%up
S&P 500 1.9%
$0.08B88.9%down
S&P 500 6.7%
$0.74B34.6%down
S&P 500 -8.6%
$1.14B3.7%down
S&P 500 -2.9%
-51.5%
S&P 500 2.0%
Total Debt
Median of 393 / 498
$32.00B†0.4%up
S&P 500 2.3%
$31.89B†0.7%down
S&P 500 0.1%
$32.12B†1.0%up
S&P 500 0.1%
$31.79B†4.6%down
S&P 500 0.1%
$33.32B†3.9%down
S&P 500 0.0%
-1.0%
S&P 500 3.7%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: S&P 500 median change. Line under a label: how many S&P 500 companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$5.92B5.0%up
S&P 500 6.3%
$5.63B13.2%down
S&P 500 4.8%
$6.49B30.7%up
S&P 500 9.9%
$4.97B13.0%down
S&P 500 -0.7%
$5.71B25.5%up
S&P 500 10.7%
0.9%
S&P 500 7.0%
Capital Expenditures
$3.03B15.1%up
S&P 500 5.4%
$2.63B13.5%up
S&P 500 2.8%
$2.32B42.9%up
S&P 500 11.3%
$1.62B26.5%up
S&P 500 14.0%
$1.28B25.0%down
S&P 500 8.1%
24.0%
S&P 500 9.0%
Free Cash Flow
Median of 378 / 498
$2.89B3.8%down
S&P 500 7.3%
$3.01B28.0%down
S&P 500 6.1%
$4.17B24.7%up
S&P 500 8.8%
$3.35B24.4%down
S&P 500 -11.3%
$4.43B55.7%up
S&P 500 10.2%
-10.1%
S&P 500 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

S&P 500 median = median of the companies in the index on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-20. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

5.0%

Wall Street

on net earnings

FY2024 4.3%

4.7%

Value investor

on free cash flow

FY2024 4.9%

Gap −0.3 pts: Value-investor figure 0.3 points lower

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 20.1×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Peers, filings & research

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Research Reports

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Cite this page

Data as of Oct 22, 2026. Canonical address: https://valuein.biz/data/KMI

APA-style text
Valuein. (2026, October 22). KINDER MORGAN, INC. (KMI) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/KMI
BibTeX
@misc{valuein_kmi_2026,
  author = {{Valuein}},
  title = {KINDER MORGAN, INC. (KMI) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/KMI}},
  note = {Data as of 2026-10-22; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 13, 2026 · accession 0001506307-26-000011

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing