Kinder Morgan Inc (KMI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,300,000 | 3,106,000 | 3,258,000 | 2,153,000 | 600,000 |
| Revenue | US$ in thousands | 15,100,000 | 15,334,000 | 19,200,000 | 16,610,000 | 11,700,000 |
| Pretax margin | 21.85% | 20.26% | 16.97% | 12.96% | 5.13% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,300,000K ÷ $15,100,000K
= 21.85%
Based on the data provided, Kinder Morgan Inc's pretax margin has shown a positive trend over the years, increasing from 5.13% in December 2020 to 21.85% as of December 31, 2024. This indicates that the company's ability to generate profits before taxes has significantly improved, reflecting better cost management, revenue growth, or a combination of both. The consistent upward trend suggests efficiency in operations and strategic decision-making. A higher pretax margin implies that a larger portion of the company's revenue is translating into profit before accounting for taxes, which is generally viewed favorably by investors and stakeholders. The company's increasing pretax margin demonstrates a strengthening financial position and may indicate improved prospects for future financial performance.
Peer comparison
Dec 31, 2024