Last 48 quarters of trend data · Energy · Oil & Gas Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Kinder Morgan, Inc.'s quarterly P/E stands at 19.1x, down 14.5% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.00 | 19.05 | 15.27 | 25.28 | 22.97 | 22.29 | 22.83 | 19.72 | 19.11 | 13.89 | 16.33 | 17.27 | 16.56 |
| — | -14.5% | -33.1% | +28.2% | +20.2% | +60.4% | +39.8% | +14.2% | +15.4% | -4.8% | +8.4% | +3.8% | +10.6% | |
| P/S Ratio | 4.14 | 3.86 | 3.39 | 3.80 | 4.04 | 3.73 | 3.83 | 3.34 | 3.06 | 2.66 | 2.47 | 2.36 | 2.77 |
| — | +3.7% | -11.5% | +13.8% | +31.9% | +40.3% | +55.3% | +41.2% | +10.5% | +2.6% | +9.7% | +32.3% | +56.4% | |
| P/B Ratio | 2.16 | 2.29 | 1.88 | 1.97 | 2.04 | 1.99 | 1.91 | 1.55 | 1.39 | 1.28 | 1.23 | 1.17 | 1.21 |
| — | +15.3% | -1.2% | +27.2% | +46.4% | +54.8% | +54.6% | +32.0% | +15.2% | +4.7% | -2.4% | +0.4% | +0.6% | |
| P/FCF | 21.76 | 27.15 | 9.67 | 25.35 | 16.30 | 40.02 | 20.72 | 20.72 | 10.08 | 16.82 | 5.88 | 14.47 | 9.49 |
| — | -32.2% | -53.3% | +22.3% | +61.8% | +137.9% | +252.4% | +43.2% | +6.2% | +41.3% | -46.4% | -15.1% | +19.2% | |
| EV / EBITDA | 14.09 | 12.81 | 11.79 | 14.28 | 13.90 | 12.98 | 13.35 | 12.68 | 11.66 | 10.20 | 10.83 | 11.06 | 11.44 |
| — | -1.3% | -11.7% | +12.6% | +19.2% | +27.3% | +23.3% | +14.7% | +1.9% | -6.6% | -6.5% | +0.4% | +15.0% | |
| EV / EBIT | 21.28 | 18.43 | 23.81 | 18.43 | 17.83 | 17.44 | 17.43 | 16.51 | 15.30 | 12.46 | 13.94 | 14.68 | 14.09 |
| — | +5.6% | +36.6% | +11.7% | +16.5% | +40.0% | +25.0% | +12.4% | +8.6% | -4.7% | +1.7% | -3.4% | -1.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Kinder Morgan, Inc.'s operating margin was 29.9% in Q1 2026, down 0.3 pp QoQ and up 0.7 pp YoY. The trailing four-quarter average of 28.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 35.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.7% | 49.0% | 67.9% | 32.7% | 35.7% | 36.2% | 36.1% | 35.1% | 36.8% | 38.6% | 33.9% | 31.7% | 35.4% |
| — | +35.3% | +88.0% | -6.8% | -3.2% | -6.1% | +6.6% | +10.8% | +4.1% | +11.1% | +21.6% | +29.7% | +29.3% | |
| Operating Margin | 28.4% | 29.9% | 30.3% | 25.6% | 28.3% | 29.2% | 28.9% | 27.4% | 28.8% | 31.2% | 27.0% | 24.8% | 27.6% |
| — | +2.4% | +4.8% | -6.5% | -1.9% | -6.2% | +6.9% | +10.4% | +4.6% | +13.3% | +23.1% | +29.4% | +23.2% | |
| Net Margin | 18.0% | 20.2% | 22.1% | 15.1% | 17.7% | 16.9% | 16.8% | 17.0% | 16.0% | 19.5% | 15.0% | 13.6% | 16.9% |
| — | +19.9% | +31.4% | -10.9% | +10.7% | -13.4% | +12.3% | +25.0% | -5.3% | +9.0% | +0.9% | +23.9% | +42.2% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.5% | 3.0% | 3.1% | 2.0% | 2.2% | 2.2% | 2.1% | 2.0% | 1.8% | 2.4% | 1.9% | 1.7% | 1.8% |
| — | +33.5% | +47.3% | -0.6% | +23.2% | -4.4% | +11.8% | +17.6% | -1.0% | +11.2% | -10.0% | -7.2% | -8.7% | |
| ROA | 4.2% | 1.3% | 1.4% | 0.9% | 1.0% | 1.0% | 0.9% | 0.9% | 0.8% | 1.1% | 0.8% | 0.8% | 0.8% |
| — | +32.5% | +44.7% | -1.7% | +21.5% | -5.2% | +10.4% | +14.5% | -4.3% | +7.7% | -11.2% | -6.7% | -7.4% | |
| ROIC | 5.6% | 1.7% | 1.6% | 1.2% | 1.3% | 1.4% | 1.3% | 1.2% | 1.2% | 1.4% | 1.3% | 1.2% | 1.1% |
| — | +15.9% | +17.7% | +3.5% | +8.1% | +2.8% | +5.3% | +2.3% | +7.4% | +13.3% | +8.5% | -2.7% | -19.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Kinder Morgan, Inc.'s Debt/EBITDA ratio is 15.4x, down from 16.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 94.8% YoY to 0.02x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.00 | 0.98 | 1.00 | 1.02 | 1.01 | 1.03 | 1.01 | 1.01 | 1.00 | 1.01 | 1.01 | 0.98 | 0.98 |
| — | -5.0% | -1.6% | +1.1% | +1.8% | +2.1% | +0.9% | +2.8% | +1.7% | +3.2% | +1.9% | -0.6% | -1.3% | |
| Debt / EBITDA | 4.46 | 15.36 | 16.34 | 19.50 | 18.50 | 17.75 | 18.57 | 20.03 | 19.49 | 17.99 | 19.46 | 20.16 | 20.66 |
| — | -13.5% | -12.0% | -2.6% | -5.1% | -1.3% | -4.6% | -0.7% | -5.7% | -7.8% | -5.1% | -0.7% | +14.5% | |
| Current Ratio | 0.64 | 0.02 | 0.64 | 0.63 | 0.68 | 0.45 | 0.49 | 0.46 | 0.37 | 0.50 | 0.35 | 0.39 | 0.49 |
| — | -94.8% | +28.9% | +37.1% | +86.2% | -11.5% | +40.4% | +18.2% | -24.2% | -10.7% | -35.9% | -37.3% | -7.3% | |
| Quick Ratio | 0.50 | 0.02 | 0.50 | 0.49 | 0.53 | 0.35 | 0.39 | 0.35 | 0.28 | 0.38 | 0.28 | 0.30 | 0.38 |
| — | -93.3% | +30.9% | +39.0% | +91.1% | -9.9% | +38.0% | +16.8% | -27.7% | -12.9% | -38.9% | -40.8% | -9.4% | |
| Interest Coverage | 2.79 | 3.36 | 2.22 | 2.84 | 3.03 | 3.06 | 3.02 | 2.66 | 2.66 | 3.07 | 2.84 | 2.54 | 2.72 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Kinder Morgan, Inc.'s current P/E is 23.0x. The average P/E over the last 4 quarters is 20.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Kinder Morgan, Inc.'s current operating margin is 28.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Kinder Morgan, Inc.'s business trajectory between earnings reports.