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

Year-over-year change per cell; first column has no prior.

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	-28.4%	+6.0%	-88.9%	-34.6%	—
Short Term Investments	-4.0%	-0.4%	+2.9%	+1.0%	—
Accounts Receivable	+13.8%	-5.2%	-13.7%	+14.2%	—
Inventory	+3.4%	+5.7%	-17.2%	+12.8%	—
Prepaid Expenses	+45.1%	+18.8%	-31.9%	+5.2%	—
Other Current Assets	+45.1%	+18.8%	-31.9%	+5.2%	—
Total Current Assets	+9.2%	-0.8%	-33.2%	-0.7%	—
Property,Plant and Equipment	+3.5%	+1.9%	+4.8%	-0.2%	—
Goodwill	+0.0%	-0.2%	+0.8%	+0.3%	—
Intangible Assets	-1.7%	-10.1%	+8.2%	+7.8%	—
Long Term Investments	-4.0%	-0.4%	+2.9%	+1.0%	—
Other Noncurrent Assets	+11.2%	-3.7%	-1.6%	-24.3%	—
Total Assets	+1.9%	+0.5%	+1.3%	-0.5%	—
Liabilities
Accounts Payable	+0.9%	+2.1%	-5.4%	+14.7%	—
Accrued Liabilities	+2.3%	+7.6%	-4.8%	-0.1%	—
Current Portion of Long Term Debt	-39.0%	-50.4%	+19.6%	+27.9%	—
Other Current Liabilities	—	-100.0%	-55.9%	—	—
Total Current Liabilities	-15.3%	-29.4%	+4.2%	+19.1%	—
Long Term Debt	+3.0%	+6.5%	-1.2%	-7.4%	—
Deferred Tax Liabilities	+39.7%	+49.1%	+122.8%	-68.1%	—
Other Noncurrent Liabilities	-7.2%	-4.9%	+30.2%	+0.4%	—
Total Liabilities	+1.9%	+0.6%	+3.5%	-1.4%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+0.0%	+0.0%	+0.0%	-4.3%	—
Additional Paid In Capital	+0.1%	+0.1%	-1.2%	-0.3%	—
Retained Earnings	+4.3%	+0.5%	-1.3%	+0.4%	—
Accumulated Other Comprehensive Income	+147.4%	+56.2%	+46.0%	+2.2%	—
Noncontrolling Interest	-3.7%	-6.1%	+3.7%	+25.0%	—
Total Stockholders Equity	+2.1%	+0.7%	-1.4%	-0.3%	—
Total Liabilitiesand Equity	+1.9%	+0.5%	+1.3%	-0.5%	—

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	+12.2%	-1.5%	-20.1%	+15.6%	—
Expenses Cost of Revenue	+14.0%	-3.2%	+19.6%	+42.5%	—
Expenses Selling,General and Administrative	+4.5%	+6.6%	+4.9%	-2.7%	—
Expenses Depreciation and Amortization	+4.2%	+4.6%	+2.9%	+2.4%	—
Expenses Operating Expenses	+1.4%	-3.0%	+28.0%	-4.8%	—
Other Income Expense Operating Income	+7.8%	+2.8%	+4.9%	+39.4%	—
Other Income Expense Other Income/expense	+540.7%	+173.0%	-167.3%	-80.5%	—
Other Income Expense Income Before Tax	+17.2%	+6.4%	-4.0%	+50.3%	—
Income Tax Income Tax Expense	+21.1%	-3.9%	+0.7%	+92.4%	—
net Income net Income	+17.0%	+9.3%	-6.2%	+42.8%	—
net Income Comprehensive Income	+16.9%	+6.2%	+0.7%	+43.7%	—
Earnings Per Share Basic Eps	+17.1%	+10.4%	-5.4%	+43.6%	—
Earnings Per Share Diluted Eps	+17.1%	+10.4%	-5.4%	+43.6%	—
Earnings Per Share Weighted Average Shares Basic	+0.1%	-0.6%	-1.1%	-0.4%	—
Earnings Per Share Weighted Average Shares Diluted	+0.1%	-0.6%	-1.1%	-0.4%	—

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	+17.0%	+9.3%	-6.2%	+42.8%	—
Operating Activities Depreciation and Amortization	+4.2%	+4.6%	+2.9%	+2.4%	—
Operating Activities Deferred Income Taxes	+20.6%	-8.9%	+2.6%	+94.9%	—
Operating Activities Changes In Operating Assets and Liabilities	+404.9%	-157.2%	-66.7%	-34.6%	—
Operating Activities Other Non Cash Items	-1542.9%	+86.0%	+10.7%	+50.0%	—
Operating Activities net Cash From Operating Activities	+5.0%	-13.2%	+30.7%	-13.0%	—
Investing Activities Capital Expenditures	+15.1%	+13.5%	+42.9%	+26.5%	—
Investing Activities Other Investing Activities	+750.0%	-118.8%	+633.3%	-175.0%	—
Investing Activities net Cash From Investing Activities	-20.9%	+37.0%	-92.0%	+5.6%	—
Financing Activities Proceeds From Debt	-4.1%	+37.6%	-16.2%	+52.0%	—
Financing Activities Repayment of Debt	-4.8%	+43.5%	-24.4%	+42.5%	—
Financing Activities Repurchase of Common Stock	-100.0%	-98.7%	+41.8%	—	—
Financing Activities Dividends Paid	+1.8%	+1.1%	+1.0%	+2.5%	—
Financing Activities Other Financing Activities	-45.0%	+31.0%	-107.1%	+44.0%	—
Financing Activities net Cash From Financing Activities	+1.5%	+4.2%	+4.2%	+9.2%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+100.0%	—	—	—	—
Cash Reconciliation net Change In Cash	-189.0%	+116.9%	-97.7%	-469.4%	—
Cash Reconciliation Cash At Beginning of Period	-49.1%	+122.9%	-87.9%	-30.8%	—
Cash Reconciliation Cash At End of Period	-49.1%	+122.9%	-87.9%	-30.8%	—

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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