Kinder Morgan Inc (KMI)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 61.61% | 58.70% | 54.11% | 49.12% | 46.71% | 37.69% | 39.41% | 42.76% | 45.23% | 58.70% | 62.53% | 64.55% | 69.70% | 71.80% | 71.43% | 70.18% | 68.58% | 66.64% | 64.69% | 58.40% |
| 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% |
| 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% |
| Net profit margin | 15.59% | 15.54% | 14.65% | 13.62% | 13.27% | 13.20% | 13.76% | 6.64% | 10.74% | 11.46% | 11.91% | 13.29% | 1.02% | 1.02% | 1.41% | 10.31% | 16.58% | 15.21% | 16.50% | 11.59% |
Kinder Morgan Inc has shown consistent improvement in its profitability margins over recent quarters. The gross profit margin has increased steadily from 51.80% in Q4 2022 to 67.80% in Q4 2023, indicating improved efficiency in generating revenue after accounting for the cost of goods sold.
Similarly, the operating profit margin has also seen positive growth, reaching 27.70% in Q4 2023 compared to 20.97% in Q4 2022. This suggests that the company has been able to effectively manage its operating expenses and generate higher profits from its core business activities.
The pretax margin and net profit margin have also shown an upward trend, with Q4 2023 recording 20.88% and 15.50% respectively. This demonstrates Kinder Morgan Inc's ability to control its overall expenses and generate higher profits before and after taxes.
Overall, the consistent improvement in profitability ratios indicates that Kinder Morgan Inc has been successful in enhancing its operational efficiency and financial performance over the quarters, which may be perceived positively by investors and stakeholders.
Return on investment
| 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 return on assets (Operating ROA) | 6.00% | 6.19% | 6.17% | 6.14% | 5.80% | 5.59% | 5.51% | 2.97% | 4.14% | 4.23% | 4.16% | 4.78% | 2.17% | 3.50% | 3.68% | 5.30% | 6.57% | 5.20% | 5.95% | 5.06% |
| Return on assets (ROA) | 3.37% | 3.58% | 3.64% | 3.71% | 3.64% | 3.59% | 3.51% | 1.51% | 2.53% | 2.52% | 2.44% | 2.58% | 0.17% | 0.17% | 0.24% | 1.81% | 2.95% | 2.70% | 3.00% | 2.15% |
| Return on total capital | 7.30% | 7.34% | 7.19% | 7.05% | 6.87% | 6.53% | 6.47% | 3.46% | 4.74% | 4.87% | 4.73% | 5.38% | 2.45% | 3.91% | 4.18% | 6.04% | 7.42% | 6.08% | 6.85% | 5.77% |
| Return on equity (ROE) | 7.89% | 8.15% | 8.21% | 8.32% | 8.29% | 8.18% | 7.97% | 3.40% | 5.79% | 5.74% | 5.58% | 5.70% | 0.38% | 0.39% | 0.54% | 4.01% | 6.49% | 6.17% | 6.84% | 4.88% |
Kinder Morgan Inc's profitability ratios indicate a relatively stable performance over the past eight quarters.
The Operating Return on Assets (Operating ROA) has shown a slight upward trend, ranging from 5.50% to 6.16%, with the most recent quarter at 5.98%. This ratio measures the company's ability to generate profit from its assets before interest and taxes, showing that the company is effectively utilizing its assets to generate operating income.
The Return on Assets (ROA) has fluctuated between 3.35% and 3.69%, with the latest quarter at 3.35%. This ratio evaluates the company's ability to generate profit from its total assets, including both operating and non-operating income. Although the ratio has shown some variability, a sustained increase in this ratio would indicate improved efficiency in asset utilization.
The Return on Total Capital has shown a gradual increase over the quarters, ranging from 7.34% to 8.32%, with the latest quarter at 8.15%. This ratio measures the company's ability to generate returns for all capital invested, including debt and equity. The increasing trend suggests that Kinder Morgan is generating better returns on the total capital employed in its operations.
The Return on Equity (ROE) has also demonstrated a relatively steady increase from 3.37% to 8.28%, with the most recent quarter at 7.84%. This ratio evaluates the company's ability to generate returns for its shareholders from the equity investments. The increasing trend indicates that the company is effectively utilizing equity to generate profits for its shareholders.
Overall, the profitability ratios of Kinder Morgan Inc suggest a positive trend, with improvements in operating efficiency and returns for both total capital and equity holders. It indicates that the company is effectively managing its assets and capital to generate profits for its stakeholders.