Kinder Morgan (KMI) Gross Margin (2012 - 2026)
Kinder Morgan's Gross Margin was 65.44% in Q3 2026, down 0.92 percentage points from 66.35% a year earlier and down 3.18 percentage points from the prior quarter.
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Analysis
Kinder Morgan (KMI) Gross Margin (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Kinder Morgan's Gross Margin was 66.38% through Sep 30, 2026, down 1.21 percentage points year-over-year; for FY2025, it was 67.36%, down 3.92 percentage points from FY2024.
- Gross Margin shows a five-year change of -10.89 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 71.28% in FY2024 (+3.48 pp), 67.80% in FY2023 (+16.00 pp), 51.80% in FY2022 (-9.11 pp) and 60.91% in FY2021 (-17.34 pp).
- Quarterly Gross Margin has moved between 47.52% (Q3 2022) and 72.93% (Q2 2024) over five years.
- Compared with a year earlier, Gross Margin has declined for seven straight quarters, with an average year-over-year change of -2.17 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2023 (a gain of 24.35 percentage points); the worst was Q2 2022 (a drop of 22.37 percentage points).
- Per Business Quant data, KMI's Gross Margin in the three quarters before Q3 2026 was 68.62% (Q2 2026), 63.77% (Q1 2026) and 67.90% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 107.06 Bn | 102.66 Bn | 4.84 Bn | 22.85% |
| 2 | Williams Companies | 89.33 Bn | 88.04 Bn | 2.54 Bn | 83.13% |
| 3 | Enterprise Products Partners | 82.26 Bn | 80.65 Bn | - | - |
| 4 | Kinder Morgan | 73.80 Bn | 72.66 Bn | 2.97 Bn | 65.44% |
| 5 | Energy Transfer | 69.67 Bn | 62.86 Bn | 7.40 Bn | 21.55% |
| 6 | Tc Energy | 66.25 Bn | 62.60 Bn | 2.81 Bn | 98.38% |
| 7 | Cheniere Energy | 65.47 Bn | 59.62 Bn | 2.97 Bn | 48.05% |
| 8 | Targa Resources | 64.39 Bn | 63.87 Bn | 2.14 Bn | 48.15% |
| 9 | Oneok | 58.59 Bn | 57.99 Bn | 2.84 Bn | 22.83% |
| 10 | Mplx | 58.47 Bn | 52.04 Bn | 2.91 Bn | 87.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 65.44% |
| Jun 30, 2026 | 68.62% |
| Mar 31, 2026 | 63.77% |
| Dec 31, 2025 | 67.90% |
| Sep 30, 2025 | 66.35% |
| Jun 30, 2025 | 70.04% |
| Mar 31, 2025 | 65.20% |
| Dec 31, 2024 | 68.92% |
| Sep 30, 2024 | 72.32% |
| Jun 30, 2024 | 72.93% |
| Mar 31, 2024 | 71.19% |
| Dec 31, 2023 | 66.64% |
| Sep 30, 2023 | 64.04% |
| Jun 30, 2023 | 72.27% |
| Mar 31, 2023 | 68.75% |
| Dec 31, 2022 | 57.17% |
| Sep 30, 2022 | 47.52% |
| Jun 30, 2022 | 47.91% |
| Mar 31, 2022 | 55.88% |
| Dec 31, 2021 | 55.05% |
API Access
Kinder Morgan Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=KMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "KMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();