# Kinder Morgan Inc. (KMI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $31.40, market value $69.9 billion.

## Valuation
- **P/E (trailing): 20.3×** (5-yr avg 17.2×, 3-yr avg 18.8×). Kinder Morgan Inc. trades at 20.3× trailing earnings, close to its own five-year average of 17.2×. The Energy median in the September 2026 study was 16.8×. Forward P/E is 20.4×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 1.20**. A PEG of 1.20 is in the range usually read as fairly priced for its growth.
- **Price / sales: 4.2×**. Each dollar of revenue is priced at 4.2×.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 13.2×**. Enterprise value is 13.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.5%** (5-yr avg 9.5%). Free cash flow equals 4.5% of the market value, below its five-year average of 9.5%, so the shares are pricier on cash than usual.
- **Earnings yield: 4.9%**. The inverse of the P/E: 4.9% of the price is earned each year.

## Profitability
- **Operating margin: 31.3%**. 31.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 20.1%**. 20.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.8%**. 9.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.5%**. Return on all capital, debt included, is 6.5%.
- **Return on assets: 4.8%**. Each dollar of assets produces 4.8% of profit.

## Growth
- **Revenue growth (1 yr): 12.7%** (3-yr -5.7%/yr, 5-yr 8.5%/yr). Revenue grew 12.7% over the last year, against 8.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 17.1%** (3-yr 6.9%/yr, 5-yr 93.9%/yr). Earnings per share rose 17.1%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -4.8%/yr**. Free cash flow has compounded at -4.8% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 1.03**. Debt is 1.03 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 4.1×**. It would take 4.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 2.06**. A Z-score of 2.06 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.76%** ($1.18 per share, trailing). Kinder Morgan Inc. yields 3.76%, an income-level yield.
- **Payout ratio: 85%** (83% of free cash flow). 85% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 2.4%/yr** (1-yr 1.7%). The dividend has grown 2.4% a year over five years.

## Analyst view
- **Analyst consensus: buy** (20 analysts). 20 analysts cover Kinder Morgan Inc.; the consensus is buy, with an average price target of $36.05 (+15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 21.2%** (YTD 16.4%, 3-mo -0.9%). The shares are up 21.2% over twelve months including dividends.
- **From 52-week high: -9.8%** (22.7% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): -0.16** (volatility 21%). Beta of -0.16 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KMI · Page: https://foliofundamentals.com/stocks/kmi

Not investment advice.