How profitable is Kinder Morgan Inc. (KMI)?

In FY 2025 (10-K), KMI converted $15.2B of revenue into a 52% gross margin, 31.1% operating margin, and $2.9B in free cash flow (19% FCF margin).

Stock Ratings / Energy / KMI / financials

EPD (72) TRGP (73) NGG (64) TRP (65) ⌘ Pro Terminal →

Kinder Morgan Inc. (KMI) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$32.71 -3.42% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $32.45

Kinder Morgan Inc. (KMI) carries a Roarable Rating of C+ (Hold) with 67/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C+ • HOLD / WATCH Cap $75.45B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is KMI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Kinder Morgan Inc. (NYSE: KMI) is rated C+ (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 67/100 at a spot price of $32.71 (-3.42% 1D, market cap $75.45B). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 17/20, SEC Balance-Sheet Forensics 12/20, FRED Macro Regime Fit 14/20, and Executive Insider Alignment 15/20. Across 211 tracked Energy issuers, KMI ranks #51 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does KMI compare to EPD and TRGP in the Energy sector?

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Within the Energy sector (Natural Gas Distribution), KMI carries a Roarable C+ (67/100 RQD), trailing P/E of 24.8x, gross margin of —, and ROIC of 6.0%. By comparison, EPD (Enterprise Products Partners L.P.) holds a B grade (72/100 RQD, P/E 14.5x, ROIC 7.9%, cap $82.38B) and TRGP (Targa Resources Inc.) posts a B grade (73/100 RQD, P/E 34.8x, ROIC 33.0%, cap $67.54B). Among the 5-stock peer group, EPD leads on earnings multiple (14.5x) while TRGP leads on capital efficiency (33.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for KMI?

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Per KMI's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001506307), Kinder Morgan Inc. generated $15.20B in revenue (+12.7% YoY), $3.06B in net income, and $2.89B in free cash flow against $72.75B in total assets and $30.78B in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side. Primary risk factors monitored: Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $32.45 (-0.81%)🧬 Cannibal Buyback (-2.08% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 19% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 67/100 (C+) historically posted market-perform odds over rolling 90-day windows (+1.6% avg 90D alpha vs SPY • 56.4% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for KMI)Realized 20D OHLCV Swing Band: ±4.7%

Deterministic 5-Pillar Attribution (67/100 Composite)

🔍 WHY KMI SCORES 67/100 (C+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+17/20 pts (25% of score)

20D Institutional Volume Accumulation (±4.7% realized swing band)

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+15/20 pts (22% of score)

SEC Form 4 / 13F Thermometer: 75% Net Buy • Cannibal Buyback (-2.08% YoY Shares)

▼ #1 Drag / Risk Factor: Cash Engine Quality9/20 pts (-11 pt drag)

Capital intensity & 31.1% operating margin leave 11 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade B+$33.35+1.9% Next Q

Q2 (-2Q)

Grade B$33.97-1.2% Next Q

Q3 (-1Q)

Grade B$33.56-2.5% Next Q

Current

Grade C+$32.71+1.6% Hist 90D α

Trajectory: B+ (75) → C+ (67)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the KMI Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 67/100 (C+) score, KMI faces multiple-compression risk if 24.8x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.08% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($32.23) or 200D SMA ($32.17) invalidates the momentum regime and cuts Target Base ($34.03) toward Bear Floor ($26.54).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $KMI• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “KMI Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 67%NO 33%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How KMI Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$2.89B (19% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $13.65B

FY24

Rev $13.48B

FY25

Rev $15.20B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$15.20B	52%	31.1%	$3.06B	$2.89B	6%
FY 2024	$13.48B	52%	32.5%	$2.61B	$3.01B	5.7%
FY 2023	$13.65B	52%	31.2%	$2.39B	$5.88B	13.4%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring KMI)

✓Walkthrough of KMI's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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KMI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +0.74%📐 HORIZONTAL RANGE

2026-11-03O $33.97H $33.97L $32.71C $32.71VOL 14.79M

RES: $35.04SUP: $29.04SMA50: $32.23SMA200: $32.17

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

KMI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 KMI Butterfly Map → + Track KMI →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

18.5%/yr Implied 5Y Growth

vs. +12.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on KMI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for KMI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for KMI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (KMI)

Energy Rank #51 of 211 ⚔️ EPD vs KMI Full Matrix →

1. Head-to-Head Energy Peer Comparison (KMI vs. EPD, TRGP, NGG, TRP)

Industry: Natural Gas Distribution (25 Tracked Issuers)

Across 211 tracked Energy securities in the Roarable RQD universe, Kinder Morgan Inc. (KMI) ranks #51 by composite RQD confidence (67/100, grade C+) and #22 by equity capitalization ($75.45B). Within this direct 5-issuer industry benchmark cohort, EPD leads on earnings valuation at 14.5x trailing P/E, while TRGP leads on capital efficiency and profitability with 33.0% ROIC and 38.3% gross margin. TRGP currently holds the highest overall quantitative score in the immediate peer group at 73/100 (B) compared with KMI at 67/100 (C+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
KMI ACTIVE Kinder Morgan Inc.	C+	67/100	24.8x	—	6.0%	-3.42%	$75.45B	Benchmark Subject
EPD Enterprise Products Partners L.P.	B	72/100	14.5x	26.7%	7.9%	-2.04%	$82.38B	/epd-vs-kmi →
TRGP Targa Resources Inc.	B	73/100	34.8x	38.3%	33.0%	-6.43%	$67.54B	/trgp-vs-kmi →
NGG National Grid Transco PLC National Grid PLC	C	64/100	32.8x	—	9.9%	+0.56%	$88.14B	/ngg-vs-kmi →
TRP TC Energy Corporation	C	65/100	32.8x	—	9.9%	-1.35%	$64.50B	/trp-vs-kmi →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001506307 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Kinder Morgan Inc. (KMI) reported GAAP revenue of $15.20B (+12.7% vs. FY2024 revenue of $13.48B , and +11.4% cumulative change since FY2023) , GAAP net income of $3.06B, operating cash flow of $5.92B, and free cash flow of $2.89B (-3.8% YoY). On the balance sheet, KMI closed FY2025 with $72.75B in total assets against $30.78B in total debt (Altman Z-Score: 1.33, Piotroski F-Score: 8/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$15.20B	$3.06B	$5.92B	$2.89B	$72.75B	$30.78B
FY2024 (FY)	2024-12-31	$13.48B	$2.61B	$5.63B	$3.01B	$71.41B	$29.88B
FY2023 (FY)	2023-12-31	$13.65B	$2.39B	$6.49B	$5.88B	$41.62B	$9.74B

3. KMI Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is KMI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does KMI compare to EPD and TRGP in the Energy sector?

What are the biggest fundamental strengths and SEC risk factors for KMI?

Where is KMI trading relative to its 50-day, 200-day, and 52-week technical levels?

KMI last traded at $32.71 (-3.42% on volume of 13,199,075 shares), positioning the stock +1.49% above its 50-day simple moving average ($32.23) and +1.68% above its 200-day simple moving average ($32.17). Across its 52-week range of $25.60 to $34.81, KMI sits at the 77.2% percentile with a 14-day RSI of 58.2 (BULLISH MOMENTUM) and an implied next-earnings move of ±4.7% ($31.17 to $34.25).

Direct Sub-Reports: KMI RQD Cockpit KMI 12M Forecast KMI Earnings & Move KMI Dividends & DRIP KMI Insiders & 13F KMI Whale Options KMI Profit Sankey KMI News & Why

ROARABLE RATING BRIEF • RQD 67/100 (C+) ✓ SEC XBRL & RQD VERIFIED

KMI — Kinder Morgan Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Kinder Morgan Inc. (KMI) earns a live Roarable RQD composite score of 67/100, corresponding to a C+ letter grade (Roarable Hold) at a spot price of $32.71 (-3.42% 1D, market capitalization $75.45B).

Fundamental Cash Engine (9/20): Anchored by return on invested capital (ROIC) of 6.0%, gross margin of —, operating margin of 31.1%, and free cash flow yield of 3.82%.
Whale 13F & Options Flow (17/20) + Insider Conviction (15/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (14/20) + Forensic Balance Sheet (12/20): Incorporates a 0.99x equity beta, Altman Z-Score of 1.33, Piotroski F-Score of 8/9, and Debt/Equity of 0.99x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Kinder Morgan Inc. (KMI) is a NYSE-listed issuer in the Energy sector, classified under the Natural Gas Distribution industry. Per the market data, its operating margin is 31.1% and its net margin is 20.1%, with gross margin reported as 0%.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Kinder Morgan Inc. (KMI) reported $15.20B in annual revenue (up from $13.48B in FY2024, +12.7% YoY) and $3.06B in GAAP net income. Over the multi-year SEC filing window from FY2023 ($13.65B revenue, $2.39B net income) through FY2025, KMI scaled operating cash flow to $5.92B and free cash flow to $2.89B, backed by $72.75B in total assets against $30.78B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (C+ • RQD 67/100): Big institutional funds and options desks are actively positioning on the bullish side. Company leadership has skin in the game with net positive insider conviction. With Fundamental Cash Engine at 9/20 and Institutional Whale Flow at 17/20, sustained execution supports upside toward the upper end of the $25.60 – $34.81 52-week range.
🐻 Primary Bear Case & Valuation Risk: Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins. Investors must weigh 24.8x trailing P/E and 14.6x EV/EBITDA against 31.1% operating margins and a 0.99x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The Butterfly Supply-Chain Graph lists no upstream or downstream links, no sector correlations, and no proprietary signals for KMI.

Key Question #1: Can KMI sustain or expand its 31.1% operating margin and 6.0% ROIC against Natural Gas Distribution peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $15.20B and free cash flow of $2.89B, how will capital allocation balance growth reinvestment against $30.78B in total debt?
Key Question #3: How sensitive is KMI's 20.8x forward P/E multiple to Energy capital spending cycles and macro interest-rate shifts (Beta 0.99x)?

KMI Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Kinder Morgan Inc. (KMI) • Click "Debate This Headline" to argue it in the Roar Pit below

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🟢 CATALYST Yahoo Finance • 22h ago

Why Kinder Morgan (KMI) Could Beat Earnings Estimates Again