Kinder Morgan

Energy Oil & Gas Storage & Transportation Houston, Texas Last filing Feb 13, 2026 · FY2025

                    Revenue
                    FY2025
                
$16.9B
                    3y CAGR -4.1%
                    
                    P53
                    
                    +12.2%
                    
                    Net income
                    FY2025
                
$3.1B
                    Net margin +18.0%
                    
                    P74
                    
                    +17.0%
                    
                    Total assets
                    FY2025
                
$72.7B
                    ROA +4.2%
                    
                    P23
                    
                    +1.9%
                    
                    Operating cash flow
                    FY2025
                
$5.9B
                    FCF margin +17.1%
                    
                    P75
                    
                    +5.0%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 5 years

Total assets $72.7B

Total liabilities $40.3B

Shareholders equity $31.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	0.4%	0.6%	0.5%	3.9%	6.9%
Short Term Investments	44.5%	52.0%	51.3%	39.9%	45.6%
Accounts Receivable	10.1%	10.0%	10.4%	9.6%	9.7%
Inventory	3.4%	3.7%	3.4%	3.3%	3.4%
Prepaid Expenses	2.1%	1.6%	1.3%	1.6%	1.7%
Other Current Assets	2.1%	1.6%	1.3%	1.6%	1.7%
Total Current Assets	16.3%	16.7%	16.6%	19.8%	23.1%
Property,Plant and Equipment	232.2%	251.7%	243.2%	185.4%	214.6%
Goodwill	118.6%	133.0%	131.2%	104.0%	119.9%
Intangible Assets	10.2%	11.7%	12.8%	9.4%	10.1%
Long Term Investments	44.5%	52.0%	51.3%	39.9%	45.6%
Other Noncurrent Assets	7.8%	7.8%	8.0%	6.5%	9.9%
Total Assets	429.5%	472.9%	463.2%	365.0%	423.9%
Liabilities
Accounts Payable	8.3%	9.2%	8.9%	7.5%	7.6%
Accrued Liabilities	5.3%	5.8%	5.3%	4.5%	5.2%
Current Portion of Long Term Debt	7.2%	13.3%	26.4%	17.6%	15.9%
Other Current Liabilities	0.0%	0.0%	1.3%	2.4%	0.0%
Total Current Liabilities	25.5%	33.8%	47.1%	36.1%	35.0%
Long Term Debt	181.7%	197.9%	183.0%	147.9%	184.7%
Deferred Tax Liabilities	17.1%	13.7%	9.1%	3.2%	11.8%
Other Noncurrent Liabilities	13.6%	16.5%	17.1%	10.5%	12.0%
Total Liabilities	237.9%	261.9%	256.2%	197.7%	231.8%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.1%	0.1%	0.1%	0.1%	0.1%
Additional Paid In Capital	243.7%	273.1%	268.6%	217.0%	251.7%
Retained Earnings	-60.1%	-70.4%	-69.7%	-55.0%	-63.8%
Accumulated Other Comprehensive Income	0.3%	-0.6%	-1.4%	-2.1%	-2.5%
Noncontrolling Interest	7.6%	8.8%	9.3%	7.1%	6.6%
Total Stockholders Equity	184.0%	202.2%	197.6%	160.1%	185.6%
Total Liabilitiesand Equity	429.5%	472.9%	463.2%	365.0%	423.9%

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $16.9B

Operating income $4.7B

Net income $3.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	72.1%	71.0%	72.2%	48.2%	39.1%
Expenses Selling,General and Administrative	4.4%	4.7%	4.4%	3.3%	3.9%
Expenses Depreciation and Amortization	14.5%	15.6%	14.7%	11.4%	12.9%
Expenses Operating Expenses	4.4%	4.9%	4.9%	3.1%	3.8%
Other Income Expense Operating Income	27.9%	29.0%	27.8%	21.2%	17.6%
Other Income Expense Other Income/expense	1.0%	0.2%	-0.2%	0.3%	1.7%
Other Income Expense Income Before Tax	23.6%	22.6%	20.9%	17.4%	13.4%
Income Tax Income Tax Expense	4.9%	4.5%	4.7%	3.7%	2.2%
net Income net Income	18.0%	17.3%	15.6%	13.3%	10.7%
net Income Comprehensive Income	18.9%	18.1%	16.8%	13.3%	10.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	13.1%	14.7%	14.6%	11.8%	13.6%
Earnings Per Share Weighted Average Shares Diluted	13.1%	14.7%	14.6%	11.8%	13.6%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $5.9B

Investing cash flow $-3.2B

Financing cash flow $-2.8B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	18.0%	17.3%	15.6%	13.3%	10.7%
Operating Activities Depreciation and Amortization	14.5%	15.6%	14.7%	11.4%	12.9%
Operating Activities Deferred Income Taxes	4.6%	4.3%	4.6%	3.6%	2.1%
Operating Activities Changes In Operating Assets and Liabilities	1.9%	-0.7%	1.2%	2.8%	5.0%
Operating Activities Other Non Cash Items	-0.7%	-0.0%	-0.3%	-0.3%	-0.7%
Operating Activities net Cash From Operating Activities	34.9%	37.3%	42.3%	25.9%	34.4%
Investing Activities Capital Expenditures	17.9%	17.4%	15.1%	8.4%	7.7%
Investing Activities Other Investing Activities	0.2%	-0.0%	0.2%	-0.0%	0.0%
Investing Activities net Cash From Investing Activities	-18.8%	-17.4%	-27.2%	-11.3%	-13.9%
Financing Activities Proceeds From Debt	59.1%	69.1%	49.5%	47.2%	35.9%
Financing Activities Repayment of Debt	59.4%	69.9%	48.0%	50.7%	41.1%
Financing Activities Repurchase of Common Stock	0.0%	0.0%	3.4%	1.9%	0.0%
Financing Activities Dividends Paid	15.4%	16.9%	16.5%	13.0%	14.7%
Financing Activities Other Financing Activities	-0.2%	-0.1%	-0.2%	-0.1%	-0.2%
Financing Activities net Cash From Financing Activities	-16.8%	-19.1%	-19.7%	-16.4%	-20.9%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.0%	0.0%	0.0%	0.0%
Cash Reconciliation net Change In Cash	-0.6%	0.8%	-4.6%	-1.8%	-0.4%
Cash Reconciliation Cash At Beginning of Period	0.6%	1.4%	0.6%	4.1%	6.9%
Cash Reconciliation Cash At End of Period	0.6%	1.4%	0.6%	4.1%	6.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+27.9%	+29.0%	+27.8%	+51.8%	+60.9%
Operating margin	+27.9%	+29.0%	+27.8%	+21.2%	+17.6%
Net margin	+18.0%	+17.3%	+15.6%	+13.3%	+10.7%
FCF margin	+17.1%	+19.9%	+27.2%	+17.4%	+26.7%
Growth
Revenue CAGR (3y)	-4.1%	-3.1%	+9.4%	+13.3%	+5.5%
Returns
ROE	+9.8%	+8.6%	+7.9%	+8.3%	+5.8%
ROA	+4.2%	+3.7%	+3.4%	+3.6%	+2.5%
ROIC	+5.9%	+5.6%	+5.3%	+5.2%	+3.9%
Liquidity
Current ratio	0.64x	0.49x	0.35x	0.55x	0.66x
Quick ratio	0.41x	0.31x	0.23x	0.37x	0.47x
Leverage
D/E	1.29x	1.30x	1.30x	1.23x	1.25x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.23x	0.21x	0.22x	0.27x	0.24x
Cash conversion cycle	+12d	+8d	+10d	+3d	-4d

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Kinder Morgan

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