Kinder Morgan Inc (KMI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,300,000 | 3,236,000 | 3,175,000 | 3,186,000 | 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 |
| 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 |
| Pretax margin | 21.85% | 21.36% | 20.67% | 20.84% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,300,000K ÷ $15,100,000K
= 21.85%
Kinder Morgan Inc's pretax margin has displayed fluctuations over the period analyzed. The pretax margin reached its lowest point at 5.13% on December 31, 2020, and has since shown an overall upward trend. Notably, the pretax margin increased steadily from March 31, 2021, to June 30, 2024, reaching its peak at 21.85% on December 31, 2024.
The company experienced significant volatility in its pretax margin during the first half of 2020, with margins fluctuating between 16.62% on March 31, 2020, to 7.38% on September 30, 2020. However, there was a noteworthy recovery in the pretax margin in the latter half of 2020 and into 2021, demonstrating improved financial performance.
Overall, the upward trend in Kinder Morgan Inc's pretax margin from 2021 to 2024 indicates improved operational efficiency and cost management, leading to higher profitability before tax expenses. Investors and stakeholders should continue to monitor the pretax margin as a key indicator of the company's financial health and performance.
Peer comparison
Dec 31, 2024