Kinder Morgan Inc (KMI)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	9,448,000	8,968,000	7,513,000	6,555,000	9,059,000
Revenue	US$ in thousands	15,334,000	19,200,000	16,610,000	11,700,000	13,209,000
Gross profit margin		61.61%	46.71%	45.23%	56.03%	68.58%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $9,448,000K ÷ $15,334,000K
= 61.61%

Kinder Morgan Inc's gross profit margin has demonstrated varying trends over the past five years. In 2023, the gross profit margin increased significantly to 67.80%, marking a notable improvement from the previous year. This surge suggests that the company was able to effectively manage its production costs relative to its sales revenue, resulting in a higher margin of profitability.

In contrast, the gross profit margin in 2022 was lower at 51.80%, indicating a decrease in profitability compared to the prior year. However, the margin rebounded in 2021 to 60.91%, although it remained below the levels seen in 2020 and 2019.

The highest gross profit margin was recorded in 2020 at 78.25%, indicating a robust performance in managing production costs relative to revenue. This was followed closely by 2019, which had a gross profit margin of 75.30%.

Overall, the fluctuation in Kinder Morgan Inc's gross profit margin highlights the company's ability to navigate changing market conditions and manage costs effectively to sustain profitability over the years. It is important for stakeholders to monitor these trends closely to assess the company's operational efficiency and financial health.