Kinder MorganFRA:2KD -2.86%76 Pretax Margin % is 26.68% as of Mar. 2026, which is 52% above its 10-year median of 17.55. GuruFocus rates FRA:2KD with a GF Score™ of 76/100 and a GF Value™ of €25.04 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 921 Oil & Gas companies, Kinder Morgan ranks better than 81.87% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Kinder Morgan's Pre-Tax Income for the
three
months ended in Mar. 2026 was €1,114 Mil. Kinder Morgan's Revenue for the
three
months ended in Mar. 2026 was €4,176 Mil. Therefore, Kinder Morgan's pretax margin for the quarter that ended in Mar. 2026 was 26.68%.
The historical rank and industry rank for Kinder Morgan's Pretax Margin % or its related term are showing as below:
FRA:2KD'
s Pretax Margin % Range Over the Past 10 Years
Min: 5.65 Med: 17.55 Max: 24.83
Current: 24.83
FRA:2KD's Pretax Margin % is ranked better than 81.87% of 921
companies
in the Oil & Gas industry
Industry Median: 5.15
vs FRA:2KD: 24.83
Kinder Morgan (FRA:2KD) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Kinder Morgan Pretax Margin % Related Terms
Kinder Morgan Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Kinder Morgan's Pretax 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: Pretax Margin % Comparison
For the Oil & Gas Midstream subindustry, Kinder Morgan's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kinder Morgan's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Kinder Morgan's Pretax 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.
Kinder Morgan (FRA:2KD) has a Pretax Margin % of 26.68% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Kinder Morgan and its competitors. This is 52% above median its historical median of 17.55. Over the past decade, Kinder Morgan's Pretax Margin % has ranged from 5.65 to 24.83. According to the industry distribution chart, Kinder Morgan ranks #167 out of 921 companies in the Oil & Gas industry, placing it in the top 18.1%.
Is Kinder Morgan's Pretax Margin % too high?
Kinder Morgan's current Pretax Margin % of 26.68% is 52% above median its 10-year median of 17.55. Over the past 10 years, this metric has ranged from a low of 5.65 to a high of 24.83. The Oil & Gas industry median Pretax Margin % is 5.15. Kinder Morgan's value of 26.68% is 418.1% above this industry median. Based on the distribution chart, Kinder Morgan ranks #167 out of 921 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 Pretax Margin % compare to EPD and ET?
According to the Oil & Gas industry distribution chart, Kinder Morgan ranks #167 out of 921 companies for Pretax Margin %. This places Kinder Morgan in the top 18% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.15. Kinder Morgan's value of 26.68% is 418.1% above this benchmark. Historically, Kinder Morgan's own Pretax Margin % has ranged from 5.65 to 24.83 over the past decade. While the company's 10-year median is 17.55 vs. the industry median of 5.15, 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.15, based on 921 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kinder Morgan's current Pretax Margin % of 26.68% is 418.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Kinder Morgan and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinder Morgan's current Pretax Margin % is 26.68%, which is 52% above median its own 10-year median of 17.55. 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 €25.04, compared to a current price of €28.15 — trading 12.4% above its estimated fair value. The current Pretax Margin % is 26.68%, which is 52% above median its 10-year median of 17.55 and 418.1% above the Oil & Gas industry median of 5.15. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Kinder Morgan (FRA:2KD), the current Pretax Margin % is 26.68% 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 12.4% above its estimated GF Value™ of €25.04.
GuruFocus considers Kinder Morgan to be Modestly Overvalued.
Key valuation signals for FRA:2KD:
Pretax Margin %: 26.68% (52% above median its 10-year median of 17.55)
GF Value™: €25.04 vs. price of €28.15 (12.4% above fair value)
Industry Position: 418.1% above the Oil & Gas median (#167 of 921)
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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