KMI logo Kinder Morgan +
Ticker
KMI
WMB
EPD
Headquarter
Houston ,TX
US
Tulsa ,OK
US
Houston ,TX
US
CEO
Kimberly Allen Dang
Chad J. Zamarin
A. James Teague
Industry
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
Stock Price
Stock Price
Market Cap
Market Cap
$70.92 B
$89.81 B
$84.04 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Employees
  • 10.89 K
  • 10.93 K
  • 11.03 K
  • 5.60 K
  • 5.83 K
  • 5.99 K
  • 7.50 K
  • 7.80 K
  • 8.00 K
Y/Y
3.48%
0.39%
0.87%
11.06%
4.07%
2.71%
2.74%
4%
2.56%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $15.16 B
  • $15.07 B
  • $16.95 B
  • $10.91 B
  • $10.50 B
  • $11.95 B
  • $49.72 B
  • $56.22 B
  • $52.60 B
Y/Y
22.49%
0.55%
12.45%
0.53%
3.7%
13.78%
14.56%
13.08%
6.44%
Revenue by Products / Services
Years
  • 2025
  • 2025
  • 2025
Revenue by Geography
Years
  • 2025
  • 2025
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
Y/Y
0%
0%
0%
0%
0%
0%
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $4.05 B
  • $4.38 B
  • $4.81 B
  • $4.31 B
  • $3.34 B
  • $4.40 B
  • $6.93 B
  • $7.34 B
  • $6.91 B
Y/Y
8.61%
8.36%
9.79%
42.84%
22.55%
31.81%
0.32%
5.9%
5.9%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 22.34%
  • 20.16%
  • 20.84%
  • 22.81%
  • 21.43%
  • 23.64%
  • 0.77%
  • 1.08%
  • 0.39%
Y/Y
4.92%
9.73%
3.36%
36.46%
6.06%
10.3%
46.38%
39.55%
63.8%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $2.39 B
  • $2.61 B
  • $3.06 B
  • $3.18 B
  • $2.23 B
  • $2.62 B
  • $5.53 B
  • $5.90 B
  • $5.81 B
Y/Y
6.16%
9.28%
16.95%
55.15%
30.01%
17.66%
0.77%
6.67%
1.47%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $1.39 M
  • $1.38 M
  • $1.54 M
  • $1.95 M
  • $1.80 M
  • $2.00 M
  • $6.63 M
  • $7.21 M
  • $6.57 M
Y/Y
25.1%
0.93%
11.48%
10.44%
7.47%
10.77%
16.84%
8.73%
8.78%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $219.54 K
  • $239.00 K
  • $277.11 K
  • $567.58 K
  • $381.71 K
  • $437.28 K
  • $737.60 K
  • $756.54 K
  • $726.75 K
Y/Y
9.32%
8.86%
15.95%
39.69%
32.75%
14.56%
1.92%
2.57%
3.94%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $71.02 B
  • $71.41 B
  • $74.55 B
  • $52.63 B
  • $54.53 B
  • $58.57 B
  • $70.98 B
  • $77.17 B
  • $77.90 B
Y/Y
1.34%
0.54%
4.41%
8.66%
3.62%
7.41%
4.22%
8.71%
0.95%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $39.29 B
  • $39.54 B
  • $42.11 B
  • $37.74 B
  • $39.69 B
  • $43.58 B
  • $42.22 B
  • $47.58 B
  • $47.41 B
Y/Y
3.5%
0.63%
6.49%
9.74%
5.18%
9.79%
4.5%
12.69%
0.36%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$2.35 B
  • -$2.63 B
  • -$3.03 B
  • -$2.57 B
  • -$2.57 B
  • -$4.89 B
  • -$3.27 B
  • -$4.54 B
  • -$5.62 B
Y/Y
44.66%
12.11%
15.1%
12.44%
0.23%
90.17%
66.29%
39.13%
23.68%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 26.69%
  • 29.08%
  • 28.39%
  • 39.53%
  • 31.79%
  • 36.83%
  • 13.94%
  • 13.05%
  • 13.13%
Y/Y
17.91%
8.95%
2.37%
43.6%
19.57%
15.85%
17.41%
6.35%
0.58%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 15.78%
  • 17.34%
  • 18.03%
  • 29.15%
  • 21.18%
  • 21.91%
  • 11.13%
  • 10.50%
  • 11.05%
Y/Y
21.07%
9.89%
4%
55.97%
27.32%
3.42%
17.93%
5.67%
5.31%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $7.26 B
  • $7.63 B
  • $7.48 B
  • $7.71 B
  • $6.57 B
  • $7.41 B
  • $9.05 B
  • $9.59 B
  • $9.92 B
Y/Y
3.22%
5.13%
1.94%
35.35%
14.82%
12.86%
1.48%
5.97%
3.5%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $4.15 B
  • $3.01 B
  • $3.22 B
  • $3.37 B
  • $2.40 B
  • $1.01 B
  • $4.30 B
  • $3.57 B
  • $2.97 B
Y/Y
23.91%
27.5%
7.15%
29.36%
28.77%
58.14%
29.17%
17.01%
16.97%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 7.89%
  • 8.56%
  • 9.81%
  • 25.63%
  • 17.89%
  • 20.44%
  • 19.99%
  • 20.54%
  • 19.55%
Y/Y
4.81%
8.48%
14.59%
43.68%
30.2%
14.25%
3.06%
2.74%
4.81%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 3.37%
  • 3.66%
  • 4.10%
  • 6.04%
  • 4.08%
  • 4.47%
  • 7.79%
  • 7.65%
  • 7.46%
Y/Y
7.41%
8.69%
12.02%
42.78%
32.45%
9.55%
3.31%
1.88%
2.4%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 107.67%
  • 105.91%
  • 103.93%
  • 213.37%
  • 217.75%
  • 229.26%
  • 105.05%
  • 112.29%
  • 117.44%
Y/Y
2.43%
1.63%
1.87%
6.99%
2.05%
5.29%
2.33%
6.89%
4.59%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $71.96 B
  • $93.08 B
  • $93.44 B
  • $66.73 B
  • $93.00 B
  • $102.69 B
  • $86.02 B
  • $99.70 B
  • $103.83 B
Y/Y
0.61%
29.35%
0.39%
6.19%
39.37%
10.42%
6.08%
15.9%
4.14%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 4.75
  • 6.18
  • 5.51
  • 6.12
  • 8.85
  • 8.59
  • 1.73
  • 1.77
  • 1.97
Y/Y
28.24%
30.06%
10.72%
6.76%
44.74%
2.95%
24.16%
2.49%
11.32%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 9.92
  • 12.20
  • 12.49
  • 8.65
  • 14.16
  • 13.85
  • 9.51
  • 10.40
  • 10.46
Y/Y
3.7%
23.04%
2.38%
21.54%
63.63%
2.16%
4.53%
9.37%
0.62%