KMX vs. KMI

Last updated Apr 1, 2026

Compare and contrast key facts about CarMax, Inc. (KMX) and Kinder Morgan, Inc. (KMI).

Performance

KMX vs. KMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CarMax, Inc. (KMX) and Kinder Morgan, Inc. (KMI). The values are adjusted to include any dividend payments, if applicable.

KMX vs. KMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KMX CarMax, Inc.	7.61%	-52.74%	6.54%	26.03%	-53.24%	37.87%	7.74%	39.76%	-2.18%	-0.40%
KMI Kinder Morgan, Inc.	23.15%	4.74%	64.42%	4.10%	21.23%	23.75%	-30.77%	44.43%	-11.18%	-10.56%

Fundamentals

Market Cap KMX : $6.21B KMI : $74.60B
EPS KMX : $3.03 KMI : $1.32
PE Ratio KMX : 13.72 KMI : 25.48
PEG Ratio KMX : 15.97 KMI : 0.06
PS Ratio KMX : 0.24 KMI : 4.40
PB Ratio KMX : 1.02 KMI : 2.39
Total Revenue (TTM) KMX : $25.94B KMI : $16.95B
Gross Profit (TTM) KMX : $2.87B KMI : $4.34B
EBITDA (TTM) KMX : $1.39B KMI : $7.08B

Returns By Period

In the year-to-date period, KMX achieves a 7.61% return, which is significantly lower than KMI's 23.15% return. Over the past 10 years, KMX has underperformed KMI with an annualized return of -2.16%, while KMI has yielded a comparatively higher 12.36% annualized return.

KMX

• 1D: 3.98%
• 1M: -3.68%
• YTD: 7.61%
• 6M: -7.33%
• 1Y: -46.64%
• 3Y*: -13.52%
• 5Y*: -19.54%
• 10Y*: -2.16%

KMI

• 1D: -0.36%
• 1M: 0.78%
• YTD: 23.15%
• 6M: 20.94%
• 1Y: 22.59%
• 3Y*: 30.96%
• 5Y*: 21.44%
• 10Y*: 12.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

KMX vs. KMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KMX

KMX Risk / Return Rank: 12
KMX Sharpe Ratio Rank: 7
KMX Sortino Ratio Rank: 10
KMX Omega Ratio Rank: 8
KMX Calmar Ratio Rank: 17
KMX Martin Ratio Rank: 20

KMI

KMI Risk / Return Rank: 72
KMI Sharpe Ratio Rank: 75
KMI Sortino Ratio Rank: 65
KMI Omega Ratio Rank: 68
KMI Calmar Ratio Rank: 76
KMI Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KMX vs. KMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CarMax, Inc. (KMX) and Kinder Morgan, Inc. (KMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	KMX	KMI	Difference
Sharpe ratio Return per unit of total volatility	-0.88	0.99	-1.87
Sortino ratio Return per unit of downside risk	-1.06	1.33	-2.40
Omega ratio Gain probability vs. loss probability	0.83	1.20	-0.37
Calmar ratio Return relative to maximum drawdown	-0.72	1.81	-2.54
Martin ratio Return relative to average drawdown	-1.16	4.13	-5.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KMX vs. KMI - Sharpe Ratio Comparison

The current KMX Sharpe Ratio is -0.88, which is lower than the KMI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of KMX and KMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KMX	KMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	0.99	-1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	0.96	-1.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.44	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.19	-0.09

Correlation

The correlation between KMX and KMI is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KMX vs. KMI - Dividend Comparison

KMX has not paid dividends to shareholders, while KMI's dividend yield for the trailing twelve months is around 3.49%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KMX CarMax, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KMI Kinder Morgan, Inc.	3.49%	4.24%	4.18%	6.38%	6.10%	6.76%	7.59%	4.49%	4.71%	2.77%	2.41%	12.94%

Drawdowns

KMX vs. KMI - Drawdown Comparison

The maximum KMX drawdown since its inception was -93.19%, which is greater than KMI's maximum drawdown of -72.70%. Use the drawdown chart below to compare losses from any high point for KMX and KMI.

Drawdown Indicators

	KMX	KMI	Difference
Max Drawdown Largest peak-to-trough decline	-93.19%	-72.70%	-20.49%
Max Drawdown (1Y) Largest decline over 1 year	-62.69%	-12.83%	-49.86%
Max Drawdown (5Y) Largest decline over 5 years	-80.06%	-20.31%	-59.75%
Max Drawdown (10Y) Largest decline over 10 years	-80.06%	-55.13%	-24.93%
Current Drawdown Current decline from peak	-73.15%	-1.58%	-71.57%
Average Drawdown Average peak-to-trough decline	-31.47%	-32.37%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.03%	5.64%	+33.39%

Volatility

KMX vs. KMI - Volatility Comparison

CarMax, Inc. (KMX) has a higher volatility of 9.10% compared to Kinder Morgan, Inc. (KMI) at 5.41%. This indicates that KMX's price experiences larger fluctuations and is considered to be riskier than KMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KMX	KMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.10%	5.41%	+3.69%
Volatility (6M) Calculated over the trailing 6-month period	40.69%	14.25%	+26.44%
Volatility (1Y) Calculated over the trailing 1-year period	53.23%	22.91%	+30.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.44%	22.47%	+20.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.09%	27.90%	+12.19%

Financials

KMX vs. KMI - Profitability Comparison

The chart below illustrates the profitability comparison between CarMax, Inc. and Kinder Morgan, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KMX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CarMax, Inc. reported a gross profit of 590.05M and revenue of 5.79B. Therefore, the gross margin over that period was 10.2%.

KMI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kinder Morgan, Inc. reported a gross profit of 0.00 and revenue of 4.51B. Therefore, the gross margin over that period was 0.0%.

KMX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CarMax, Inc. reported an operating income of 8.68M and revenue of 5.79B, resulting in an operating margin of 0.2%.

KMI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kinder Morgan, Inc. reported an operating income of 1.36B and revenue of 4.51B, resulting in an operating margin of 30.3%.

KMX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CarMax, Inc. reported a net income of 62.22M and revenue of 5.79B, resulting in a net margin of 1.1%.

KMI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kinder Morgan, Inc. reported a net income of 866.00M and revenue of 4.51B, resulting in a net margin of 19.2%.