Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 29.04% is in line with its 5-year average of 26.84%, near the high end of its 5-year range (19.18%–31.15%).
0.75% above its 12-month average of 28.82%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 30.06%.
OPERATING MARGIN
29.04%
OPERATING MARGIN AVG TTM
28.82%
OPERATING MARGIN AVG 3Y
28.38%
OPERATING MARGIN AVG 5Y
26.84%
OPERATING MARGIN AVG 10Y
28.14%
OPERATING MARGIN AVG 15Y
27.57%
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+0.75%
CURRENT VS 3Y AVG
+2.32%
CURRENT VS 5Y AVG
+8.18%
CURRENT VS 10Y AVG
+3.21%
CURRENT VS 15Y AVG
+5.34%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
18.52%
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+56.85%
vs the sector median at left
Kinder Morgan, Inc.
Market Cap
$69.63B
Operating Margin
29.04%
TTM Avg
28.82%
3Y Avg
28.38%
5Y Avg
26.84%
Market Cap
$70.20B
Operating Margin
10.60%
TTM Avg
11.23%
3Y Avg
10.41%
5Y Avg
10.39%
Market Cap
$74.31B
Operating Margin
39.07%
TTM Avg
34.86%
3Y Avg
36.23%
5Y Avg
28.41%
Market Cap
$62.23B
Operating Margin
46.09%
TTM Avg
43.13%
3Y Avg
42.95%
5Y Avg
43.43%
Market Cap
$60.56B
Operating Margin
23.13%
TTM Avg
18.91%
3Y Avg
15.82%
5Y Avg
14.84%
Market Cap
$79.04B
Operating Margin
27.54%
TTM Avg
32.16%
3Y Avg
34.03%
5Y Avg
30.70%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Kinder Morgan, Inc. (KMI) | $69.63B | 29.04% | 28.82% | 28.38% | 26.84% |
| Energy Transfer LP (ET)vs › | $70.20B | 10.60% | 11.23% | 10.41% | 10.39% |
| EOG Resources, Inc. (EOG)vs › | $74.31B | 39.07% | 34.86% | 36.23% | 28.41% |
| TC Energy Corporation (TRP)vs › | $62.23B | 46.09% | 43.13% | 42.95% | 43.43% |
| Eni S.p.A. (E)vs › | $77.16B | 4.94% | 8.46% | 10.75% | 10.27% |
| Slb N.V. (SLB)vs › | $77.35B | 13.40% | 16.36% | 16.02% | 13.86% |
| Targa Resources Corp. (TRGP)vs › | $60.56B | 23.13% | 18.91% | 15.82% | 14.84% |
| Suncor Energy Inc. (SU)vs › | $79.04B | 27.54% | 32.16% | 34.03% | 30.70% |
| MPLX Lp (MPLX)vs › | $60.03B | 42.91% | 44.40% | 45.59% | 37.76% |
| Enterprise Products Partners L.P. (EPD)vs › | $82.24B | 12.97% | 13.09% | 13.00% | 14.24% |
Gross Margin
43.7%
Operating Margin
29.0%
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
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 30.06% |
| 2026-03-31 | 29.91% |
| 2025-12-31 | 30.26% |
| 2025-09-30 | 25.62% |
| 2025-06-30 | 28.28% |
| 2025-03-31 | 29.22% |
| 2024-12-31 | 28.86% |
| 2024-09-30 | 27.39% |
| 2024-06-30 | 28.83% |
| 2024-03-31 | 31.15% |
| 2023-12-31 | 27.01% |
| 2023-09-30 | 24.82% |
| 2023-06-30 | 27.56% |
| 2023-03-31 | 27.49% |
| 2022-12-31 | 21.93% |
| 2022-09-30 | 19.18% |
| 2022-06-30 | 22.36% |
| 2022-03-31 | 27.79% |
| 2021-12-31 | 22.69% |
| 2021-09-30 | 24.71% |
| 2021-06-30 | 28.62% |
| 2021-03-31 | 40.34% |
| 2020-12-31 | 28.76% |
| 2020-09-30 | 26.85% |
| 2020-06-30 | 26.37% |
| 2020-03-31 | 30.60% |
| 2019-12-31 | 30.08% |
| 2019-09-30 | 29.16% |
| 2019-06-30 | 29.47% |
| 2019-03-31 | 29.24% |
| 2018-12-31 | 28.38% |
| 2018-09-30 | 27.62% |
| 2018-06-30 | 29.37% |
| 2018-03-31 | 28.62% |
| 2017-12-31 | 22.26% |
| 2017-09-30 | 25.37% |
| 2017-06-30 | 26.66% |
| 2017-03-31 | 28.13% |
| 2016-12-31 | 30.12% |
| 2016-09-30 | 27.94% |
| 2016-06-30 | 29.90% |
| 2016-03-31 | 25.54% |
| 2015-12-31 | -6.71% |
| 2015-09-30 | 19.45% |
| 2015-06-30 | 25.76% |
| 2015-03-31 | 29.97% |
| 2014-12-31 | 24.20% |
| 2014-09-30 | 31.04% |
| 2014-06-30 | 25.73% |
| 2014-03-31 | 28.34% |
| 2013-12-31 | 29.96% |
| 2013-09-30 | 28.49% |
| 2013-06-30 | 22.92% |
| 2013-03-31 | 33.33% |
| 2012-12-31 | 31.34% |
| 2012-09-30 | 29.69% |
| 2012-06-30 | 13.53% |
| 2012-03-31 | 27.79% |
| 2011-12-31 | 23.28% |
| 2011-09-30 | 17.95% |
| 2011-06-30 | 12.62% |
| 2011-03-31 | 20.55% |
| 2010-12-31 | 23.02% |
| 2010-09-30 | 8.67% |
| 2010-06-30 | 20.36% |
| 2010-03-31 | 11.33% |
| 2009-12-31 | 18.42% |
