Kinder Morgan (KMI) Return on Capital Employed (2011 - 2026)
Kinder Morgan (KMI) posted Return on Capital Employed of 7.42% for Q1 2026, up 7.09% on a QoQ basis from 6.93% in Q4 2025, and up 90.0% year-over-year from 3.9% in Q1 2025.
Kinder Morgan (KMI) Return on Capital Employed (2011 - 2026) Analysis & Trends
Kinder Morgan (KMI) has reported Return on Capital Employed for 16 consecutive years, with 7.42% the latest figure, recorded in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 7.42%, up 90.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.42% (up 90.0% YoY), and the FY2025 annual result was 6.97%, up 34.0% from the prior year.
- Return on Capital Employed was 7.42% for Q1 2026 at Kinder Morgan, up from 6.93% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 7.42% in Q1 2026 and troughed at 3.24% in Q1 2022.
- A 5-year average of 6.41% and a median of 6.54% in 2023 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed tumbled 184 bps — and 2023, when it jumped 330 bps.
- Year by year, Return on Capital Employed stood at 6.44% in 2022, then rose by 6 bps to 6.8% in 2023, then fell by 2 bps to 6.64% in 2024, then climbed by 4 bps to 6.93% in 2025, then increased by 7 bps to 7.42% in 2026.
- Per Business Quant, the three latest KMI Return on Capital Employed figures stand at 7.42% (Q1 2026), 6.93% (Q4 2025), and 6.52% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 5.26% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 7.42% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 11.93% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 7.59% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 3.63% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 14.56% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 9.98% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 22.68% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 10.22% |
| 10 | Kinder Morgan | - | - | 3.08 Bn | 7.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.42% |
| Dec 31, 2025 | 6.93% |
| Sep 30, 2025 | 6.52% |
| Jun 30, 2025 | 6.43% |
| Mar 31, 2025 | 6.52% |
| Dec 31, 2024 | 6.64% |
| Sep 30, 2024 | 6.63% |
| Jun 30, 2024 | 6.64% |
| Mar 31, 2024 | 6.47% |
| Dec 31, 2023 | 6.80% |
| Sep 30, 2023 | 6.80% |
| Jun 30, 2023 | 6.72% |
| Mar 31, 2023 | 6.54% |
| Dec 31, 2022 | 6.44% |
| Sep 30, 2022 | 6.15% |
| Jun 30, 2022 | 6.13% |
| Mar 31, 2022 | 3.24% |
| Dec 31, 2021 | 4.54% |
| Sep 30, 2021 | 4.60% |
| Jun 30, 2021 | 4.45% |