Kinder Morgan Inc (KMI)

Net 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
Net income (ttm)	US$ in thousands	2,391,000	2,467,000	2,511,000	2,560,000	2,548,000	2,515,000	2,434,000	1,042,000	1,784,000	1,754,000	1,714,000	1,834,000	119,000	122,000	173,000	1,328,000	2,190,000	2,074,000	2,300,000	1,641,000
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
Net profit margin		15.59%	15.54%	14.65%	13.62%	13.27%	13.20%	13.76%	6.64%	10.74%	11.46%	11.91%	13.29%	1.02%	1.02%	1.41%	10.31%	16.58%	15.21%	16.50%	11.59%

December 31, 2023 calculation

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

The net profit margin of Kinder Morgan Inc has shown a consistent and positive trend over the past two years. Starting from a relatively lower margin of 6.57% in Q1 2022, the company's profitability has steadily improved, reaching its peak of 15.50% in Q4 2023. This indicates that Kinder Morgan Inc has been effectively managing its costs and expenses relative to its revenue generation.

The steady increase in the net profit margin reflects the company's ability to control costs, improve operational efficiency, and generate higher profits from its business activities. The most recent quarter, Q4 2023, shows the highest net profit margin among the periods analyzed, indicating a strong performance and potentially sustainable profitability for the company.

Overall, the consistent improvement in Kinder Morgan Inc's net profit margin demonstrates a positive trend in its financial performance and efficiency in converting revenue into profit over the periods examined. Investors may view this trend favorably as it suggests increasing profitability and effective management of the company's financial resources.