Kinder Morgan Inc (KMI)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 9,841,000 | 9,688,000 | 9,541,000 | 9,489,000 | 9,448,000 | 9,319,000 | 9,277,000 | 9,232,000 | 8,968,000 | 7,179,000 | 6,972,000 | 6,710,000 | 7,513,000 | 8,981,000 | 9,001,000 | 8,911,000 | 8,155,000 | 8,571,000 | 8,737,000 | 9,043,000 |
| Revenue (ttm) | US$ in thousands | 15,100,000 | 15,151,000 | 15,359,000 | 15,288,000 | 15,334,000 | 15,875,000 | 17,145,000 | 18,795,000 | 19,200,000 | 19,046,000 | 17,693,000 | 15,692,000 | 16,610,000 | 15,300,000 | 14,395,000 | 13,805,000 | 11,700,000 | 11,937,000 | 12,232,000 | 12,886,000 |
| Gross profit margin | 65.17% | 63.94% | 62.12% | 62.07% | 61.61% | 58.70% | 54.11% | 49.12% | 46.71% | 37.69% | 39.41% | 42.76% | 45.23% | 58.70% | 62.53% | 64.55% | 69.70% | 71.80% | 71.43% | 70.18% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,841,000K ÷ $15,100,000K
= 65.17%
The gross profit margin of Kinder Morgan Inc has displayed a fluctuating trend over the period from March 31, 2020, to December 31, 2024. Starting at a high of 70.18% in March 2020, the margin increased gradually to reach its peak of 71.80% by September 2020. Subsequently, there was a slight decline to 69.70% by December 2020.
However, the gross profit margin experienced a more significant decrease in the following periods, dropping to 42.76% by March 2022 and bottoming out at 37.69% by September 2022. This downward trend reversed in the latter half of 2022, showing improvement to 46.71% by December 2022 and further increases over the next few quarters.
The margin recovered steadily to 65.17% by December 31, 2024, indicating a positive trajectory for the company's profitability. Overall, despite some fluctuations, Kinder Morgan Inc managed to enhance its gross profit margin after a period of decline, demonstrating effective cost management and revenue generation strategies.
Peer comparison
Dec 31, 2024