Kinder Morgan (KMI) FCF Margin (2011 - 2026)
Kinder Morgan (KMI) posted FCF Margin of 28.13% for Q1 2026, up 45.41% on a QoQ basis from 19.34% in Q4 2025, and up 1879.0% year-over-year from 1.42% in Q1 2025.
Kinder Morgan (KMI) FCF Margin (2011 - 2026) Analysis & Trends
Kinder Morgan (KMI) has reported FCF Margin for 16 consecutive years, with 28.13% the latest figure, recorded in Q1 2026.
- FCF Margin for Q1 2026 came in at 28.13%, up 1879.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.99% (down 1292.0% YoY), and the FY2025 annual result was 17.07%, down 1992.0% from the prior year.
- FCF Margin was 28.13% for Q1 2026 at Kinder Morgan, up from 19.34% in the prior quarter.
- Over five years, FCF Margin peaked at 83.2% in Q4 2024 and troughed at 4.24% in Q4 2022.
- A 5-year average of 24.7% and a median of 23.14% in 2022 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin jumped 8050 bps — and 2025, when it sank 6385 bps.
- Year by year, FCF Margin stood at 4.24% in 2022, then jumped by 164 bps to 2.7% in 2023, then jumped by 2982 bps to 83.2% in 2024, then tumbled by 77 bps to 19.34% in 2025, then surged by 45 bps to 28.13% in 2026.
- Per Business Quant, the three latest KMI FCF Margin figures stand at 28.13% (Q1 2026), 19.34% (Q4 2025), and 14.98% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -0.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 28.13% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 3.38% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 5.26% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -3.91% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 25.41% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 0.73% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 24.42% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | -52.58% |
| 10 | Kinder Morgan | - | - | 3.08 Bn | 28.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.13% |
| Dec 31, 2025 | 19.34% |
| Sep 30, 2025 | 14.98% |
| Jun 30, 2025 | 24.79% |
| Mar 31, 2025 | 9.34% |
| Dec 31, 2024 | 83.20% |
| Sep 30, 2024 | 16.00% |
| Jun 30, 2024 | 30.96% |
| Mar 31, 2024 | 14.84% |
| Dec 31, 2023 | 2.70% |
| Sep 30, 2023 | 32.15% |
| Jun 30, 2023 | 42.59% |
| Mar 31, 2023 | 33.90% |
| Dec 31, 2022 | -4.24% |
| Sep 30, 2022 | 32.28% |
| Jun 30, 2022 | 23.14% |
| Mar 31, 2022 | 15.77% |
| Dec 31, 2021 | 27.07% |
| Sep 30, 2021 | 43.67% |
| Jun 30, 2021 | 36.83% |