Operating Profit Margin
since 2010
Calculation
Kinder Morgan Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 36.89% | = | 100 | × | 4,873) | ÷ | 13,209) |
| Dec 31, 2018 | 26.82% | = | 100 | × | 3,794) | ÷ | 14,144) |
| Dec 31, 2017 | 25.86% | = | 100 | × | 3,544) | ÷ | 13,705) |
| Dec 31, 2016 | 27.35% | = | 100 | × | 3,572) | ÷ | 13,058) |
| Dec 31, 2015 | 16.99% | = | 100 | × | 2,447) | ÷ | 14,403) |
| Dec 31, 2014 | 27.41% | = | 100 | × | 4,448) | ÷ | 16,226) |
| Dec 31, 2013 | 28.36% | = | 100 | × | 3,990) | ÷ | 14,070) |
| Dec 31, 2012 | 26.00% | = | 100 | × | 2,593) | ÷ | 9,973) |
| Dec 31, 2011 | 18.62% | = | 100 | × | 1,539) | ÷ | 8,265) |
| Dec 31, 2010 | 15.64% | = | 100 | × | 1,281) | ÷ | 8,191) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$ in millions
Between 2010 and 2019, Kinder Morgan Inc. exhibited a general upward trajectory in operational efficiency, characterized by a significant expansion of the operating profit margin despite fluctuations in total revenue.
- Revenue and Operating Income Trends
- Revenues grew steadily from 8,191 million US dollars in 2010 to a peak of 16,226 million US dollars in 2014. Following this peak, revenues experienced a moderate decline and stabilized around 13,209 million US dollars by 2019. In contrast, operating income demonstrated more aggressive growth, rising from 1,281 million US dollars in 2010 to 4,873 million US dollars in 2019, indicating that income growth outpaced revenue growth over the decade.
- Operating Profit Margin Analysis
- The operating profit margin increased from 15.64% in 2010 to a peak of 28.36% in 2013. A significant contraction occurred in 2015, where the margin dropped to 16.99% as operating income fell to 2,447 million US dollars. A rapid recovery followed in 2016, with the margin returning to 27.35%, maintaining a consistent range between 25% and 27% through 2018.
- Operational Efficiency Peak
- A notable surge in profitability is observed in 2019, where the operating profit margin reached its highest point of 36.89%. This peak is particularly significant as it was achieved while revenues were lower than the 2014 levels, suggesting a substantial improvement in cost management and operational leverage.
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