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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Kinder Morgan's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 47.53%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Kinder Morgan's 3-Year ROIIC % or its related term are showing as below:
MEX:KMI's 3-Year ROIIC % is ranked better than 85.16% of 923
companies
in the Oil & Gas industry
Industry Median: 0.01
vs MEX:KMI: 47.53
Kinder Morgan (MEX:KMI) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Kinder Morgan 3-Year ROIIC % Related Terms
Kinder Morgan 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Kinder Morgan's 3-Year ROIIC % 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.
MEX:KMI vs EPD, ET, TRGP: 3-Year ROIIC % Comparison
For the Oil & Gas Midstream subindustry, Kinder Morgan's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kinder Morgan's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Kinder Morgan's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Kinder Morgan (MEX:KMI) has a 3-Year ROIIC % of 47.53 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Kinder Morgan and its competitors. According to the industry distribution chart, Kinder Morgan ranks #137 out of 923 companies in the Oil & Gas industry, placing it in the top 14.8%.
Is Kinder Morgan's 3-Year ROIIC % too high?
Kinder Morgan's current 3-Year ROIIC % is 47.53. The Oil & Gas industry median 3-Year ROIIC % is 0.01. Kinder Morgan's value of 47.53 is 475200% above this industry median. Based on the distribution chart, Kinder Morgan ranks #137 out of 923 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 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinder Morgan's 3-Year ROIIC % compare to EPD and ET?
According to the Oil & Gas industry distribution chart, Kinder Morgan ranks #137 out of 923 companies for 3-Year ROIIC %. This places Kinder Morgan in the top 15% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 0.01. Kinder Morgan's value of 47.53 is 475200% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Oil & Gas company?
The median 3-Year ROIIC % among Oil & Gas companies is 0.01, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kinder Morgan's current 3-Year ROIIC % of 47.53 is 475200% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Kinder Morgan and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinder Morgan's current 3-Year ROIIC % is 47.53. 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 (MEX:KMI) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN491.07, compared to a current price of MXN550.00 — trading 12% above its estimated fair value. The current 3-Year ROIIC % is 47.53 and 475200% above the Oil & Gas industry median of 0.01. Kinder Morgan's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Kinder Morgan (MEX:KMI), the current 3-Year ROIIC % is 47.53 as of Dec. 2025. 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 (MEX:KMI) Overvalued in 2026?
Based on GuruFocus' analysis, Kinder Morgan stock appears to be overvalued.
The current stock price of MXN550.00 is trading 12% above its estimated GF Value™ of MXN491.07.
GuruFocus considers Kinder Morgan to be Modestly Overvalued.
Key valuation signals for MEX:KMI:
3-Year ROIIC %: 47.53
GF Value™: MXN491.07 vs. price of MXN550.00 (12% above fair value)
Industry Position: 475200% above the Oil & Gas median (#137 of 923)
No single metric tells the full story. See the MEX:KMI 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.
65GF Score
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