Kinder Morgan Inc (KMI)

Operating 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
Operating income (ttm)	US$ in thousands	4,384,000	4,377,000	4,300,000	4,292,000	4,263,000	4,266,000	4,259,000	4,235,000	4,065,000	3,911,000	3,824,000	2,054,000	2,916,000	2,946,000	2,921,000	3,403,000	1,560,000	2,511,000	2,643,000	3,898,000
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
Operating profit margin		29.03%	28.89%	28.00%	28.07%	27.80%	26.87%	24.84%	22.53%	21.17%	20.53%	21.61%	13.09%	17.56%	19.25%	20.29%	24.65%	13.33%	21.04%	21.61%	30.25%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,384,000K ÷ $15,100,000K
= 29.03%

The operating profit margin of Kinder Morgan Inc has fluctuated over the past few years. It was at 30.25% as of March 31, 2020, and declined to 13.33% by December 31, 2020. The margin increased to 24.65% by March 31, 2021, but then showed a downtrend, reaching 13.09% by March 31, 2022.

From June 30, 2022, the operating profit margin started to improve, reaching levels above 20% and peaking at 29.03% by December 31, 2024. Overall, the trend indicates some volatility in the operating profit margin, with periods of both growth and decline. It is important for stakeholders to monitor this metric to assess the company's ability to generate profits from its core operations.