Company / Operating Margin
Kinder Morgan Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
27.9%
FY2025
5-year range
17.6% / 29.0%
FY2021-FY2025
Trend
-3.9%
vs FY2024
Sector context
#20 of 80
Energy
What the data says
Kinder Morgan's operating margin of 27.9% is higher than 75% of companies in the Energy sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 13.3% in FY2020 to 36.9% in FY2019.
Based on SEC 10-K filings.
27.9% in FY2025 with a 5-year CAGR of +14.6%. Top quartile in the Energy sector.
Remained stable around 27.9% over the past 2 years.
Energy sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +6.7pp
- 5-Year Change
- +14.6pp
- 10-Year Change
- -
Sector benchmark
Top 25% in EnergyTop 25% of 80This company 27.9% Sector average 15.5%
▼
+79.9% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 3.9% year-over-year.
- Currently 12.4pp above the Energy sector average.
- Peak operating margin was recorded in FY2019.
- Lowest operating margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 0.61 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 27.9% | -3.9% |
| FY2024 | 29.0% | +4.4% |
| FY2023 | 27.8% | +31.3% |
| FY2022 | 21.2% | +20.6% |
| FY2021 | 17.6% | +31.7% |
| FY2020 | 13.3% | -63.9% |
| FY2019 | 36.9% | +37.5% |
| FY2018 | 26.8% | +4.2% |
| FY2017 | 25.8% | -4.9% |
| FY2016 | 27.1% | +59.4% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026