Kinder MorganFRA:2KD -2.86%76 Gross Margin % is 50.66% as of Mar. 2026, which is 4% below its 10-year median of 53.00. GuruFocus rates FRA:2KD with a GF Score™ of 76/100 and a GF Value™ of €25.06 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 872 Oil & Gas companies, Kinder Morgan ranks better than 81.77% on this metric.
The historical rank and industry rank for Kinder Morgan's Gross Margin % or its related term are showing as below:
FRA:2KD'
s Gross Margin % Range Over the Past 10 Years
Min: 40.41 Med: 53 Max: 59.75
Current: 52.76
During the past 13 years, the highestGross Margin % of Kinder Morgan was 59.75%. The lowest was 40.41%. And the median was 53.00%.
FRA:2KD's Gross Margin % is ranked better than 81.77% of 872
companies
in the Oil & Gas industry
Industry Median: 25.535
vs FRA:2KD: 52.76
Kinder Morgan had a gross margin of 50.66% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Kinder Morgan was 0.30% per year.
Kinder Morgan (FRA:2KD) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Kinder Morgan had a gross margin of 50.66% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Kinder Morgan Gross Margin % Related Terms
Kinder Morgan Gross Margin % Historical Data
* Premium members only.
The historical data trend for Kinder Morgan's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:2KD vs EPD, ET, TRGP: Gross Margin % Comparison
For the Oil & Gas Midstream subindustry, Kinder Morgan's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kinder Morgan Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kinder Morgan's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Kinder Morgan's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Kinder Morgan (FRA:2KD) has a Gross Margin % of 50.66% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Kinder Morgan and its competitors. This is near median its historical median of 53.00. Over the past decade, Kinder Morgan's Gross Margin % has ranged from 40.41 to 59.75. According to the industry distribution chart, Kinder Morgan ranks #159 out of 872 companies in the Oil & Gas industry, placing it in the top 18.2%.
Is Kinder Morgan's Gross Margin % too high?
Kinder Morgan's current Gross Margin % of 50.66% is near median its 10-year median of 53.00. Over the past 10 years, this metric has ranged from a low of 40.41 to a high of 59.75. The Oil & Gas industry median Gross Margin % is 25.54. Kinder Morgan's value of 50.66% is 98.4% above this industry median. Based on the distribution chart, Kinder Morgan ranks #159 out of 872 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Kinder Morgan has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinder Morgan's Gross Margin % compare to EPD and ET?
According to the Oil & Gas industry distribution chart, Kinder Morgan ranks #159 out of 872 companies for Gross Margin %. This places Kinder Morgan in the top 18% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.54. Kinder Morgan's value of 50.66% is 98.4% above this benchmark. Historically, Kinder Morgan's own Gross Margin % has ranged from 40.41 to 59.75 over the past decade. While the company's 10-year median is 53.00 vs. the industry median of 25.54, Kinder Morgan has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.54, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kinder Morgan's current Gross Margin % of 50.66% is 98.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Kinder Morgan and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinder Morgan's current Gross Margin % is 50.66%, which is near median its own 10-year median of 53.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinder Morgan stock overvalued right now?
Based on GuruFocus' analysis, Kinder Morgan (FRA:2KD) is currently considered Modestly Overvalued. The stock's GF Value™ is €25.06, compared to a current price of €28.15 — trading 12.3% above its estimated fair value. The current Gross Margin % is 50.66%, which is near median its 10-year median of 53.00 and 98.4% above the Oil & Gas industry median of 25.54. Kinder Morgan's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Kinder Morgan (FRA:2KD), the current Gross Margin % is 50.66% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kinder Morgan (FRA:2KD) Overvalued in 2026?
Based on GuruFocus' analysis, Kinder Morgan stock appears to be overvalued.
The current stock price of €28.15 is trading 12.3% above its estimated GF Value™ of €25.06.
GuruFocus considers Kinder Morgan to be Modestly Overvalued.
Key valuation signals for FRA:2KD:
Gross Margin %: 50.66% (near median its 10-year median of 53.00)
GF Value™: €25.06 vs. price of €28.15 (12.3% above fair value)
Industry Position: 98.4% above the Oil & Gas median (#159 of 872)
No single metric tells the full story. See the FRA:2KD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.
76GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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