Kinder Morgan, Inc.

KMINYSEEnergy● Active

$31.54

$-0.15(-0.46%)

Market Cap$70.2B

P/E Ratio—

52W High$34.81

52W Low$25.6

Avg Volume12.3M

Open$31.57

Beta0.54

Overview

Kinder Morgan, Inc. (KMI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

KMI · free cash flow · updated Jun 8, 2026

Core FCF metrics

KMI · FCF · TTM · margin & CAGR

Free cash flow was $3.22B for FY2025 (fiscal year ending 2025-12-31), up 7.2% year-over-year The FCF margin was 19.0%. Five-year CAGR stands at +2.5%.

FY2025 Free Cash Flow$3.22B▲ +7.2% YoY

Trailing 12M (TTM)$3.89Btrailing 4 quarters sum

FCF Margin19.0%$3.22B ÷ revenue

3-Year CAGR-1.3%FY2022 → FY2025

5-Year CAGR+2.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

KMI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$6.25B(3.03B)$3.22B▲ +7.2%19.0%

FY2024$5.63B(2.63B)$3.01B▼ 27.5%19.9%

FY2023$6.49B(2.35B)$4.15B▲ +23.9%27.4%

FY2022$4.97B(1.62B)$3.35B▼ 24.4%17.1%

FY2021$5.71B(1.28B)$4.43B▲ +55.7%25.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

KMI · P/FCF · FCF yield · FCF per share

Kinder Morgan, Inc. (KMI) trades at a FCF yield of 5.54% and a price-to-free-cash-flow ratio of 18.0x. FCF per share stands at $1.75, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.54%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.75

TTM FCF ÷ Shares Outstanding

Price / FCF

x18.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x26.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

KMI · cash flow statement · operating / investing / financing

For FY2025, Kinder Morgan, Inc. generated $6.25B in operating cash flow and spent 3.03B in capital expenditures, yielding $3.22B in free cash flow.

Operating Activities

+$6.25B

Cash from core business operations

2025-12-31

Investing Activities

−$3.51B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.84B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($6.25B) − |CapEx| (3.03B) = FCF ($3.22B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

KMI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Kinder Morgan, Inc.YOU

KMI

$3.22B+7.2%19.0%

14%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Kinder Morgan, Inc. (KMI) reported free cash flow of $3.22B for FY2025 (fiscal year ending 2025-12-31), up 7.2% year-over-year. The FCF margin was 19.0%.

Based on available data, Kinder Morgan, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $4.43B in FY2021. The 5-year CAGR stands at +2.5%.

Kinder Morgan, Inc.'s FCF yield is 5.54% and price-to-FCF ratio is 18.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

KMI free cash flow · 8 questions

Kinder Morgan, Inc. free cash flow was $3.22B for FY2025, up 7.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.89B.

KMI free cash flowKMI FCFKMI FCF 2025KMI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Kinder Morgan, Inc. · Kinder Morgan, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026