Kinder Morgan Inc (KMI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,263,000 | 4,065,000 | 2,916,000 | 1,560,000 | 4,873,000 |
| Revenue | US$ in thousands | 15,334,000 | 19,200,000 | 16,610,000 | 11,700,000 | 13,209,000 |
| Operating profit margin | 27.80% | 21.17% | 17.56% | 13.33% | 36.89% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,263,000K ÷ $15,334,000K
= 27.80%
Kinder Morgan Inc's operating profit margin has demonstrated variability over the past five years. The margin stood at 27.70% in 2023, showing an improvement from the previous year's figure of 20.97% but a decline from the levels seen in 2021 and 2020, which were 27.29% and 29.83%, respectively. Notably, the margin in 2023 is slightly below the 2019 level of 29.74%.
This fluctuation in operating profit margin suggests that Kinder Morgan Inc's profitability from its core operations has been somewhat inconsistent in recent years. Further analysis is required to understand the specific factors driving these changes and to assess the company's ability to maintain or improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023