Kinder Morgan Inc (KMI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,391,000	2,548,000	1,784,000	119,000	2,190,000
Revenue	US$ in thousands	15,334,000	19,200,000	16,610,000	11,700,000	13,209,000
Net profit margin		15.59%	13.27%	10.74%	1.02%	16.58%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,391,000K ÷ $15,334,000K
= 15.59%

Net profit margin is a key financial ratio that measures a company's profitability by expressing its net income as a percentage of total revenue. In the case of Kinder Morgan Inc, the net profit margin has fluctuated over the last five years.

In 2023, Kinder Morgan Inc reported a net profit margin of 15.50%, which indicates that the company generated $0.155 in net profit for every dollar of revenue. This represents an improvement compared to the previous year when the net profit margin was 13.20%. The increase in the net profit margin could be attributed to various factors such as cost management, revenue growth, or efficiency improvements.

Looking back to 2021, the net profit margin was 10.66%, showing a gradual increase over the years. The significant jump from just 0.91% in 2020 to 16.49% in 2019 suggests a volatile trend in profitability during those years.

Overall, despite fluctuations in the net profit margin, Kinder Morgan Inc has demonstrated an ability to improve profitability over time, with the latest year showing a strong performance in converting revenue into profit.