Kinder Morgan (KMI) Return on Capital Employed [ROCE] (2011 - 2026)
Kinder Morgan's Return on Capital Employed [ROCE] was 7.68% in Q2 2026, up 1.25 percentage points from 6.43% a year earlier and up 0.26 percentage points from the prior quarter.
Kinder Morgan (KMI) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Kinder Morgan came in at 6.97%, up 0.34 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of +4.68 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 6.63% in FY2024 (-0.10 pp), 6.73% in FY2023 (+0.31 pp), 6.42% in FY2022 (+1.96 pp) and 4.46% in FY2021 (+2.17 pp).
- The Q2 2026 figure marks the highest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2011.
- Compared with a year earlier, Return on Capital Employed [ROCE] has increased for three straight quarters, with an average year-over-year change of +0.23 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q1 2023 (a gain of 3.30 percentage points); the worst was Q1 2022 (a drop of 1.84 percentage points).
- Per Business Quant data, KMI's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was 7.42% (Q1 2026), 6.93% (Q4 2025) and 6.52% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.71 Bn | 99.31 Bn | 4.84 Bn | 5.52% |
| 2 | Williams Companies | 91.25 Bn | 89.96 Bn | 2.54 Bn | 8.70% |
| 3 | Enterprise Products Partners | 78.01 Bn | 76.40 Bn | - | 12.27% |
| 4 | Kinder Morgan | 74.45 Bn | 74.15 Bn | 3.07 Bn | 7.68% |
| 5 | Energy Transfer | 70.41 Bn | 63.59 Bn | 7.40 Bn | 8.43% |
| 6 | Tc Energy | 64.14 Bn | 60.22 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 62.84 Bn | 62.32 Bn | 2.14 Bn | 15.72% |
| 8 | Cheniere Energy | 60.02 Bn | 54.85 Bn | 5.29 Bn | 15.05% |
| 9 | Oneok | 59.03 Bn | 57.42 Bn | 2.81 Bn | 9.99% |
| 10 | Mplx | 57.91 Bn | 51.47 Bn | 2.91 Bn | 14.79% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.68% |
| 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% |
Kinder Morgan Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=KMI&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();