Kinder Morgan Inc (KMI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,106,000 | 3,174,000 | 3,207,000 | 3,272,000 | 3,258,000 | 3,148,000 | 3,067,000 | 1,254,000 | 2,153,000 | 2,179,000 | 2,145,000 | 2,606,000 | 600,000 | 881,000 | 943,000 | 2,142,000 | 3,116,000 | 2,818,000 | 3,089,000 | 2,236,000 |
| 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 |
| Pretax margin | 20.26% | 19.99% | 18.71% | 17.41% | 16.97% | 16.53% | 17.33% | 7.99% | 12.96% | 14.24% | 14.90% | 18.88% | 5.13% | 7.38% | 7.71% | 16.62% | 23.59% | 20.66% | 22.16% | 15.80% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,106,000K ÷ $15,334,000K
= 20.26%
The pretax margin of Kinder Morgan Inc has been showing a positive trend over the past eight quarters. It steadily increased from 8.42% in Q1 2022 to 20.88% in Q4 2023. This improvement indicates that the company has been effectively managing its operating expenses relative to its pre-tax income, resulting in a higher percentage of earnings before taxes.
The company's ability to consistently increase its pretax margin suggests efficient cost control measures and potentially improving operational efficiency. This positive trend may signal a strong financial performance and profitability for Kinder Morgan Inc in the recent quarters. However, it would be important to monitor future trends to ensure this positive momentum continues.
Peer comparison
Dec 31, 2023