Last 47 quarters of trend data · Energy · Oil & Gas Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.68 | 20.49 | 19.05 | 15.27 | 25.28 | 22.97 | 22.29 | 22.83 | 19.72 | 19.11 | 13.89 | 16.33 | 17.27 | 16.56 | 14.59 | 15.07 | 16.64 | 14.96 | 16.30 | 14.16 | 19.01 |
| — | -10.8% | -14.5% | -33.1% | +28.2% | +20.2% | +60.4% | +39.8% | +14.2% | +15.4% | -4.8% | +8.4% | +3.8% | +10.6% | -10.5% | +6.4% | -12.5% | — | +142.8% | +11.9% | +23.4% | |
| P/S Ratio | 4.08 | 3.97 | 3.86 | 3.39 | 3.80 | 4.04 | 3.73 | 3.83 | 3.34 | 3.06 | 2.66 | 2.47 | 2.36 | 2.77 | 2.59 | 2.25 | 1.79 | 1.77 | 2.42 | 2.01 | 2.40 |
| — | -1.7% | +3.7% | -11.5% | +13.8% | +31.9% | +40.3% | +55.3% | +41.2% | +10.5% | +2.6% | +9.7% | +32.3% | +56.4% | +7.0% | +12.0% | -25.5% | -44.4% | +50.3% | -19.5% | -1.1% | |
| P/B Ratio | 2.13 | 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 | 1.23 | 1.27 | 1.17 | 1.20 | 1.35 | 1.13 | 1.20 |
| — | +6.2% | +15.3% | -1.2% | +27.2% | +46.4% | +54.8% | +54.6% | +32.0% | +15.2% | +4.7% | -2.4% | +0.4% | +0.6% | -9.4% | +12.4% | -2.6% | -7.5% | +19.5% | +18.5% | +40.4% | |
| P/FCF | 21.48 | 18.18 | 27.15 | 9.67 | 25.35 | 16.30 | 40.02 | 20.72 | 20.72 | 10.08 | 16.82 | 5.88 | 14.47 | 9.49 | 11.91 | 10.96 | 17.04 | 7.96 | 15.83 | 10.20 | 12.16 |
| — | +11.6% | -32.2% | -53.3% | +22.3% | +61.8% | +137.9% | +252.4% | +43.2% | +6.2% | +41.3% | -46.4% | -15.1% | +19.2% | -24.8% | +7.4% | +40.2% | -10.5% | +169.8% | +20.3% | +15.4% | |
| EV / EBITDA | 13.97 | 13.13 | 12.83 | 11.79 | 14.28 | 13.90 | 12.98 | 13.35 | 12.68 | 11.66 | 10.20 | 10.83 | 11.06 | 11.44 | 10.92 | 11.58 | 11.01 | 9.95 | 10.56 | 11.04 | 11.73 |
| — | -5.5% | -1.2% | -11.7% | +12.6% | +19.2% | +27.3% | +23.3% | +14.7% | +1.9% | -6.6% | -6.5% | +0.4% | +15.0% | +3.4% | +4.9% | -6.1% | -20.8% | +76.8% | -2.5% | -0.6% | |
| EV / EBIT | 21.09 | 16.23 | 15.51 | 23.81 | 18.43 | 17.83 | 17.44 | 17.43 | 16.51 | 15.30 | 12.46 | 13.94 | 14.68 | 14.09 | 13.08 | 13.71 | 15.20 | 14.36 | 14.95 | 14.96 | 17.41 |
| — | -9.0% | -11.1% | +36.6% | +11.7% | +16.5% | +40.0% | +25.0% | +12.4% | +8.6% | -4.7% | +1.7% | -3.4% | -1.9% | -12.5% | -8.4% | -12.7% | — | +85.6% | +10.0% | +12.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.7% | 68.6% | 49.0% | 67.9% | 32.7% | 35.7% | 36.2% | 36.1% | 35.1% | 36.8% | 38.6% | 33.9% | 31.7% | 35.4% | 34.7% | 27.9% | 24.4% | 27.4% | 33.8% | 28.7% | 31.8% |
| — | +92.3% | +35.3% | +88.0% | -6.8% | -3.2% | -6.1% | +6.6% | +10.8% | +4.1% | +11.1% | +21.6% | +29.7% | +29.3% | +2.8% | -2.7% | -23.2% | -25.8% | -24.7% | -23.5% | -11.8% | |
| Operating Margin | 28.4% | 30.1% | 29.9% | 30.3% | 25.6% | 28.3% | 29.2% | 28.9% | 27.4% | 28.8% | 31.2% | 27.0% | 24.8% | 27.6% | 27.5% | 21.9% | 19.2% | 22.4% | 27.8% | 22.7% | 24.7% |
| — | +6.3% | +2.4% | +4.8% | -6.5% | -1.9% | -6.2% | +6.9% | +10.4% | +4.6% | +13.3% | +23.1% | +29.4% | +23.2% | -1.1% | -3.3% | -22.4% | -21.9% | -31.1% | -21.1% | -8.0% | |
| Net Margin | 18.0% | 19.4% | 20.2% | 22.1% | 15.1% | 17.7% | 16.9% | 16.8% | 17.0% | 16.0% | 19.5% | 15.0% | 13.6% | 16.9% | 17.9% | 14.8% | 11.0% | 11.9% | 15.0% | 14.2% | 12.5% |
| — | +9.5% | +19.9% | +31.4% | -10.9% | +10.7% | -13.4% | +12.3% | +25.0% | -5.3% | +9.0% | +0.9% | +23.9% | +42.2% | +18.7% | +4.2% | -12.3% | +150.7% | -37.4% | -27.3% | -20.9% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.5% | 2.6% | 3.0% | 3.1% | 2.0% | 2.2% | 2.2% | 2.1% | 2.0% | 1.8% | 2.4% | 1.9% | 1.7% | 1.8% | 2.1% | 2.1% | 1.8% | 2.0% | 2.1% | 2.0% | 1.6% |
| — | +18.6% | +33.5% | +47.3% | -0.6% | +23.2% | -4.4% | +11.8% | +17.6% | -1.0% | +11.2% | -10.0% | -7.2% | -8.7% | +0.8% | +4.1% | +15.9% | +186.3% | -51.0% | +7.7% | +12.4% | |
| ROA | 4.2% | 1.2% | 1.3% | 1.4% | 0.9% | 1.0% | 1.0% | 0.9% | 0.9% | 0.8% | 1.1% | 0.8% | 0.8% | 0.8% | 1.0% | 1.0% | 0.8% | 0.9% | 0.9% | 0.9% | 0.7% |
| — | +19.2% | +32.5% | +44.7% | -1.7% | +21.5% | -5.2% | +10.4% | +14.5% | -4.3% | +7.7% | -11.2% | -6.7% | -7.4% | +3.6% | +6.6% | +16.7% | +185.6% | -52.1% | +6.3% | +11.7% | |
| ROIC | 5.6% | 1.6% | 1.7% | 1.6% | 1.2% | 1.3% | 1.4% | 1.3% | 1.2% | 1.2% | 1.4% | 1.3% | 1.2% | 1.1% | 1.2% | 1.2% | 1.2% | 1.4% | 1.4% | 1.2% | 1.1% |
| — | +17.5% | +15.8% | +17.7% | +3.5% | +8.1% | +2.8% | +5.3% | +2.3% | +7.4% | +13.3% | +8.5% | -2.7% | -19.6% | -13.7% | -0.4% | +4.3% | +31.4% | -46.8% | +17.1% | +32.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.00 | 0.98 | 0.98 | 1.00 | 1.02 | 1.01 | 1.03 | 1.01 | 1.01 | 1.00 | 1.01 | 1.01 | 0.98 | 0.98 | 0.98 | 0.99 | 0.98 | 0.99 | 1.01 | 1.06 | 1.03 |
| — | -3.3% | -4.5% | -1.6% | +1.1% | +1.8% | +2.1% | +0.9% | +2.8% | +1.7% | +3.2% | +1.9% | -0.6% | -1.3% | -3.0% | -7.1% | -4.8% | -4.6% | +1.4% | +0.0% | -2.4% | |
| Debt / EBITDA | 4.46 | 16.40 | 15.43 | 16.34 | 19.50 | 18.50 | 17.75 | 18.57 | 20.03 | 19.49 | 17.99 | 19.46 | 20.16 | 20.66 | 19.50 | 20.50 | 20.30 | 18.05 | 18.06 | 21.79 | 21.75 |
| — | -11.4% | -13.1% | -12.0% | -2.6% | -5.1% | -1.3% | -4.6% | -0.7% | -5.7% | -7.8% | -5.1% | -0.7% | +14.5% | +8.0% | -5.9% | -6.7% | -20.8% | +58.5% | -10.5% | -17.5% | |
| Current Ratio | 0.64 | 0.51 | 0.52 | 0.64 | 0.63 | 0.68 | 0.45 | 0.49 | 0.46 | 0.37 | 0.50 | 0.35 | 0.39 | 0.49 | 0.56 | 0.55 | 0.62 | 0.52 | 0.47 | 0.66 | 0.46 |
| — | -26.0% | +17.0% | +28.9% | +37.1% | +86.2% | -11.5% | +40.4% | +18.2% | -24.2% | -10.7% | -35.9% | -37.3% | -7.3% | +20.1% | -16.6% | +34.7% | -38.2% | -41.8% | +4.2% | -24.5% | |
| Quick Ratio | 0.50 | 0.41 | 0.41 | 0.50 | 0.49 | 0.53 | 0.35 | 0.39 | 0.35 | 0.28 | 0.38 | 0.28 | 0.30 | 0.38 | 0.44 | 0.46 | 0.50 | 0.42 | 0.38 | 0.56 | 0.38 |
| — | -23.4% | +17.7% | +30.9% | +39.0% | +91.1% | -9.9% | +38.0% | +16.8% | -27.7% | -12.9% | -38.9% | -40.8% | -9.4% | +16.5% | -18.5% | +31.9% | -44.9% | -47.7% | -0.3% | -28.9% | |
| Interest Coverage | 2.79 | 3.74 | 4.00 | 2.22 | 2.84 | 3.03 | 3.06 | 3.02 | 2.66 | 2.66 | 3.07 | 2.84 | 2.54 | 2.72 | 3.02 | 3.15 | 2.82 | 3.27 | 3.36 | 3.08 | 2.75 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying KMI stock.
Kinder Morgan, Inc.'s current P/E is 22.7x. The average P/E over the last 4 quarters is 20.0x. 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.