TTM
28.6%
YoY change
−0.69pp
Trough year (2008)
13.0%
Peak year (2021)
30.1%
Latest annual
28.4%
Operating Margin history chart for Kinder Morgan (KMI) from 2008 to 2025
Latest: 28.4%
Operating Margin change chart for Kinder Morgan (KMI) from 2008 to 2025
Latest: −0.69pp
Operating Margin history table for Kinder Morgan (KMI) from 2008 to 2025
| 2025 | 28.4% | -0.69pp | ||
| 2024 | 29.1% | +2.39pp | ||
| 2023 | 26.7% | +4.05pp | ||
| 2022 | 22.6% | -7.50pp | ||
| 2021 | 30.1% | +1.85pp | ||
| 2020 | 28.3% | -1.20pp | ||
| 2019 | 29.5% | +1.00pp | ||
| 2018 | 28.5% | +3.24pp | ||
| 2017 | 25.3% | -4.54pp | ||
| 2016 | 29.8% | +0.74pp | ||
| 2015 | 29.1% | +0.19pp | ||
| 2014 | 28.9% | +1.11pp | ||
| 2013 | 27.8% | +1.87pp | ||
| 2012 | 25.9% | +7.29pp | ||
| 2011 | 18.6% | +2.91pp | ||
| 2010 | 15.7% | -3.23pp | ||
| 2009 | 18.9% | +5.94pp | ||
| 2008 | 13.0% | — |
- 202528.4%-0.69pp
- 202429.1%+2.39pp
- 202326.7%+4.05pp
- 202222.6%-7.50pp
- 202130.1%+1.85pp
- 202028.3%-1.20pp
- 201929.5%+1.00pp
- 201828.5%+3.24pp
- 201725.3%-4.54pp
- 201629.8%+0.74pp
- 201529.1%+0.19pp
- 201428.9%+1.11pp
- 201327.8%+1.87pp
- 201225.9%+7.29pp
- 201118.6%+2.91pp
- 201015.7%-3.23pp
- 200918.9%+5.94pp
- 200813.0%—
Operating 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 Operating Margin at Kinder Morgan (KMI)
According to Kinder Morgan's latest reported financial statements, the company's latest reported operating margin is 28.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Kinder Morgan (KMI) came in at 28.39% – contracted 0.7 percentage points year-over-year.
2021 marks the peak operating margin at 30.14%, with the historical low of 12.98% recorded in 2008.
Kinder Morgan Operating Margin by Year
Kinder Morgan Operating Margin 2025: 28.4%
Kinder Morgan posted operating margin of 28.39% in 2025, contracted 0.7 percentage points from 2024.
Kinder Morgan Operating Margin 2024: 29.1%
In 2024, Kinder Morgan reported operating margin of 29.08%, expanded 2.4 percentage points from 2023.
Kinder Morgan Operating Margin 2023: 26.7%
Kinder Morgan operating margin in 2023 was 26.69%, expanded 4.1 percentage points from 2022.
Kinder Morgan Operating Margin 2022: 22.6%
2022's operating margin for Kinder Morgan came in at 22.63%, contracted 7.5 percentage points from 2021.
Kinder Morgan Operating Margin 2021: 30.1%
Kinder Morgan operating margin in 2021 was 30.14%.
See more financial history for Kinder Morgan (KMI).
Sector peers by Operating Margin
Energy peers of Kinder Morgan (KMI), ranked by their latest operating margin
| 38.8% | |
| 18.3% | |
| 15.8% | |
| 14.4% | |
| 9.0% | |
| 8.4% | |
| 5.0% | |
| 4.6% |
- 18.3%
- 15.8%
- 14.4%
- 8.4%
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