Kinder Morgan, Inc. (KMI) Operating Margin: 28.61%
Is Kinder Morgan, Inc.’s operating margin high or low?
Kinder Morgan, Inc.'s operating margin of 28.61% is in line with its 5-year average of 27.54%, near the high end of its 5-year range (22.63%–30.14%).
As of Tuesday, June 23, 2026. 0.44% below its 12-month average of 28.73%.
KMI Operating Margin Chart
Reported annual fiscal-period values; no daily interpolation.
KMI Average Operating Margin Chart
KMI Current vs Average Operating Margin Chart
KMI Operating Margin Metrics
OPERATING MARGIN
28.61%
OPERATING MARGIN AVG TTM
28.73%
OPERATING MARGIN AVG 3Y
26.70%
OPERATING MARGIN AVG 5Y
27.54%
OPERATING MARGIN AVG 10Y
27.94%
OPERATING MARGIN AVG 15Y
27.85%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-0.44%
CURRENT VS 3Y AVG
+7.16%
CURRENT VS 5Y AVG
+3.90%
CURRENT VS 10Y AVG
+2.40%
CURRENT VS 15Y AVG
+2.74%
CURRENT VS 20Y AVG
N/A
KMI Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Kinder Morgan, Inc. (KMI) | $72.40B | 28.61% | 28.73% | 26.70% | 27.54% |
| Valero Energy Corporation (VLO)vs › | $72.36B | 4.61% | 3.20% | 5.87% | 3.82% |
| Marathon Petroleum Corporation (MPC)vs › | $72.55B | 5.02% | 4.06% | 6.83% | 2.22% |
| EOG Resources, Inc. (EOG)vs › | $71.85B | 36.92% | 34.86% | 36.23% | 28.41% |
| Slb N.V. (SLB)vs › | $71.45B | 14.44% | 16.36% | 16.02% | 13.86% |
| Phillips 66 (PSX)vs › | $68.30B | 4.67% | 2.14% | 3.95% | 2.34% |
| Suncor Energy Inc. (SU)vs › | $66.71B | 27.38% | 32.16% | 34.03% | 30.70% |
| Energy Transfer LP (ET)vs › | $66.14B | 11.11% | 11.23% | 10.41% | 10.39% |
| Enterprise Products Partners L.P. (EPD)vs › | $80.33B | 13.86% | 13.09% | 13.00% | 14.24% |
| Canadian Natural Resources Limited (CNQ)vs › | $82.32B | 26.74% | 32.87% | 30.29% | 25.02% |
Operating Efficiency
Gross Margin
47.0%
Operating Margin
28.6%
Kinder Morgan, Inc. Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Kinder Morgan, Inc. Operating Margin FAQ
- What is the operating margin for Kinder Morgan, Inc. (KMI)?
- The operating margin for KMI stock is 28.61%.
- Is Kinder Morgan, Inc.'s operating margin high or low?
- Kinder Morgan, Inc.'s operating margin of 28.61% is in line with its 5-year average of 27.54%, near the high end of its 5-year range (22.63%–30.14%).
- What is the TTM average operating margin for Kinder Morgan, Inc. (KMI)?
- The TTM average operating margin for KMI stock is 28.73%.
- What is the 3Y average operating margin for Kinder Morgan, Inc. (KMI)?
- The 3Y average operating margin for KMI stock is 26.70%.
- What is the 5Y average operating margin for Kinder Morgan, Inc. (KMI)?
- The 5Y average operating margin for KMI stock is 27.54%.
- What is the 10Y average operating margin for Kinder Morgan, Inc. (KMI)?
- The 10Y average operating margin for KMI stock is 27.94%.
- What is the 15Y average operating margin for Kinder Morgan, Inc. (KMI)?
- The 15Y average operating margin for KMI stock is 27.85%.
Kinder Morgan, Inc. Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 28.39% |
| 2024-12-31 | 29.08% |
| 2023-12-31 | 26.69% |
| 2022-12-31 | 22.63% |
| 2021-12-31 | 30.14% |
| 2020-12-31 | 28.29% |
| 2019-12-31 | 29.49% |
| 2018-12-31 | 28.49% |
| 2017-12-31 | 25.26% |
| 2016-12-31 | 29.80% |
| 2015-12-31 | 29.06% |
| 2014-12-31 | 28.87% |
| 2013-12-31 | 27.76% |
| 2012-12-31 | 25.89% |
| 2011-12-31 | 18.60% |
| 2010-12-31 | 15.69% |
| 2009-12-31 | 18.92% |
| 2008-12-31 | 12.98% |
About Kinder Morgan, Inc.
Kinder Morgan, Inc. operates as a leading energy infrastructure company across North America. Its extensive operations are categorized into four primary business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment manages a vast network of interstate and intrastate natural gas pipelines, along with underground storage systems. This includes natural gas gathering systems, processing and treatment facilities, natural gas liquids fractionation plants, transportation systems, and infrastructure for liquefied natural gas liquefaction and storage. Within its Products Pipelines segment, the company owns and operates pipelines designed for refined petroleum products, crude oil, and condensate, supported by associated product terminals and facilities for petroleum pipeline transmix. The Terminals segment involves the ownership and operation of both liquid and bulk terminals that are utilized for storing and handling a wide array of commodities, such as gasoline, diesel fuel, various chemicals, ethanol, metals, and petroleum coke. This division also includes the ownership of tankers. Lastly, the CO2 segment is dedicated to the production, transportation, and marketing of carbon dioxide, primarily for enhanced oil recovery from mature oil fields. This segment also holds interests in or operates oil fields and gasoline processing plants, oversees a crude oil pipeline system located in West Texas, and manages renewable natural gas (RNG) and liquefied natural gas (LNG) facilities. In total, Kinder Morgan owns and operates approximately 83,000 miles of pipelines and 143 terminals. The company, initially named Kinder Morgan Holdco LLC, officially changed its name to Kinder Morgan, Inc. in February 2011. Founded in 1936, its corporate headquarters are situated in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Kimberly Allen Dang