Kinder Morgan Inc (KMI)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	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	9,059,000	9,088,000	9,018,000	8,267,000
Revenue (ttm)	US$ in thousands	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	13,209,000	13,638,000	13,941,000	14,155,000
Gross profit margin		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%	68.58%	66.64%	64.69%	58.40%

December 31, 2023 calculation

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

Kinder Morgan Inc has shown a consistent improvement in its gross profit margin over the past eight quarters. The gross profit margin has increased from 51.80% in Q4 2022 to 67.80% in Q4 2023, indicating an upward trend in profitability. This improvement suggests that the company has been able to effectively manage its direct production costs and optimize its pricing strategies.

The increase in the gross profit margin reflects the company's ability to generate more revenue relative to its cost of goods sold. This trend may be attributed to various factors, such as cost control measures, operational efficiencies, and pricing strategies. Overall, the rising trend in the gross profit margin for Kinder Morgan Inc signifies a positive development in its financial performance and operational effectiveness.