Kinder Morgan (KMI) Return on Invested Capital [ROIC] (2011 - 2026)
Kinder Morgan (KMI) posted Return on Invested Capital [ROIC] of 6.34% for Q3 2026, up 0.87 percentage points from 5.47% a year earlier and up 0.10 percentage points from the prior quarter.
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Analysis
Kinder Morgan (KMI) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Kinder Morgan's Return on Invested Capital [ROIC] came in at 5.83%, up 0.35 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for five consecutive years, with a five-year change of +5.20 percentage points (FY2020 to FY2025).
- In prior years, Kinder Morgan's Return on Invested Capital [ROIC] was 5.49% in FY2024 (+0.30 pp), 5.18% in FY2023 (+0.23 pp), 4.96% in FY2022 (+1.27 pp) and 3.69% in FY2021 (+3.06 pp).
- The Q3 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2011.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last nine quarters, with an average year-over-year change of +0.42 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2021, with a gain of 3.13 percentage points; the weakest was Q1 2022, with a drop of 0.98 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 6.24% (Q2 2026), 6.11% (Q1 2026) and 5.79% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 5.02% |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | 12.57% |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | - |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 6.34% |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 8.84% |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | 10.22% |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 15.49% |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 13.71% |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 13.59% |
| 10 | Oneok | 53.74 Bn | 53.15 Bn | 2.84 Bn | 8.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.34% |
| Jun 30, 2026 | 6.24% |
| Mar 31, 2026 | 6.11% |
| Dec 31, 2025 | 5.79% |
| Sep 30, 2025 | 5.47% |
| Jun 30, 2025 | 5.51% |
| Mar 31, 2025 | 5.37% |
| Dec 31, 2024 | 5.49% |
| Sep 30, 2024 | 5.45% |
| Jun 30, 2024 | 5.25% |
| Mar 31, 2024 | 5.23% |
| Dec 31, 2023 | 5.24% |
| Sep 30, 2023 | 5.31% |
| Jun 30, 2023 | 5.29% |
| Mar 31, 2023 | 5.23% |
| Dec 31, 2022 | 5.01% |
| Sep 30, 2022 | 4.95% |
| Jun 30, 2022 | 4.81% |
| Mar 31, 2022 | 2.67% |
| Dec 31, 2021 | 3.77% |
API Access
Kinder Morgan Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=KMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();