TTM
22.2%
YoY change
−0.94pp
Trough year (2009)
3.7%
Peak year (2023)
27.4%
Latest annual
19.0%
FCF Margin history chart for Kinder Morgan (KMI) from 2009 to 2025
Latest: 19.0%
FCF Margin change chart for Kinder Morgan (KMI) from 2009 to 2025
Latest: −0.94pp
FCF Margin history table for Kinder Morgan (KMI) from 2009 to 2025
| 2025 | 19.0% | -0.94pp | ||
| 2024 | 19.9% | -7.41pp | ||
| 2023 | 27.4% | +10.24pp | ||
| 2022 | 17.1% | -8.14pp | ||
| 2021 | 25.2% | +0.48pp | ||
| 2020 | 24.8% | +5.94pp | ||
| 2019 | 18.8% | +3.99pp | ||
| 2018 | 14.8% | +4.47pp | ||
| 2017 | 10.4% | -4.34pp | ||
| 2016 | 14.7% | +4.61pp | ||
| 2015 | 10.1% | +4.85pp | ||
| 2014 | 5.3% | +0.32pp | ||
| 2013 | 4.9% | -2.80pp | ||
| 2012 | 7.7% | -6.25pp | ||
| 2011 | 14.0% | +2.92pp | ||
| 2010 | 11.1% | +7.39pp | ||
| 2009 | 3.7% | — |
- 202519.0%-0.94pp
- 202419.9%-7.41pp
- 202327.4%+10.24pp
- 202217.1%-8.14pp
- 202125.2%+0.48pp
- 202024.8%+5.94pp
- 201918.8%+3.99pp
- 201814.8%+4.47pp
- 201710.4%-4.34pp
- 201614.7%+4.61pp
- 201510.1%+4.85pp
- 20145.3%+0.32pp
- 20134.9%-2.80pp
- 20127.7%-6.25pp
- 201114.0%+2.92pp
- 201011.1%+7.39pp
- 20093.7%—
FCF Margin values are taken from Kinder Morgan's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Kinder Morgan (KMI)
According to Kinder Morgan's latest reported financial statements, the company's latest reported free cash flow margin is 22.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Kinder Morgan (KMI) reported free cash flow margin of 19.00% – contracted 0.9 percentage points year-over-year.
27.36% stands as the all-time-high annual free cash flow margin, posted in 2023, against a low of 3.68% during 2009.
Kinder Morgan FCF Margin by Year
Kinder Morgan FCF Margin 2025: 19.0%
Kinder Morgan posted free cash flow margin of 19.00% in 2025, contracted 0.9 percentage points from 2024.
Kinder Morgan FCF Margin 2024: 19.9%
In 2024, Kinder Morgan reported free cash flow margin of 19.94%, contracted 7.4 percentage points from 2023.
Kinder Morgan FCF Margin 2023: 27.4%
Kinder Morgan free cash flow margin in 2023 was 27.36%, expanded 10.2 percentage points from 2022. This figure represents the highest annual value in the available history.
Kinder Morgan FCF Margin 2022: 17.1%
2022's free cash flow margin for Kinder Morgan came in at 17.11%, contracted 8.1 percentage points from 2021.
Kinder Morgan FCF Margin 2021: 25.2%
Kinder Morgan free cash flow margin in 2021 was 25.25%.
See more financial history for Kinder Morgan (KMI).
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