Kinder Morgan Inc (KMI)

Operating 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
Operating income (ttm)	US$ in thousands	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	4,873,000	4,000,000	4,564,000	3,863,000
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
Operating profit margin		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%	36.89%	29.33%	32.74%	27.29%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,263,000K ÷ $15,334,000K
= 27.80%

Kinder Morgan Inc's operating profit margin has exhibited a generally upward trend over the past eight quarters, reflecting improved operational efficiency and profitability. The company's operating profit margin increased from 20.46% in Q3 2022 to 27.70% in Q4 2023, indicating a consistent growth in profitability. The sequential quarterly improvements suggest effective cost management and revenue growth strategies implemented by the company. Despite some fluctuations, the overall trend indicates favorable performance in converting revenue into operating profit. This positive trend in operating profit margin indicates that Kinder Morgan Inc has been able to effectively control costs and maximize operating efficiency, which is a favorable sign for investors and stakeholders.