Kirby Corporation (KEX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.63	$1.67	+2.5%	—	—	—
Q4 26	$1.38	$1.5	+8.7%	—	—	—
Q3 26	$1.63	$1.68	+3.1%	—	—	—
Q2 26	$1.62	$1.65	+1.9%	—	—	—
Q1 26	$1.65	$1.67	+1.2%	—	—	—
Q4 25	$1.28	$1.33	+3.9%	—	—	—
Q3 25	$1.29	$1.29	0.0%	—	—	—
Q2 25	$1.47	$1.55	+5.4%	—	—	—
Q1 25	$1.32	$1.43	+8.3%	—	—	—
Q4 24	$0.98	$1.19	+21.4%	—	—	—
Q3 24	$1.03	$1.04	+1.0%	—	—	—
Q2 24	$1.02	$1.05	+2.9%	—	—	—
Q1 24	$0.85	$0.95	+11.8%	—	—	—
Q4 23	$0.64	$0.68	+6.3%	—	—	—
Q3 23	$0.65	$0.67	+3.1%	—	—	—
Q2 23	$0.59	$0.65	+10.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.37	—	—	$3.4B	—
FY24	—	$4.95	—	—	$3.3B	—
FY23	—	$3.74	—	—	$3.1B	—
FY22	—	$2.04	—	—	$2.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.8B	$2.2B	$3B	$2.8B	$2.2B	$2.2B	$2.8B	$3.1B	$3.3B	$3.4B
YoY change	-17.5%	+25.1%	+34.2%	-4.45%	-23.5%	+3.47%	+24%	+11%	+5.64%	+3.01%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.8B	2.2B	3B	2.8B	2.2B	2.2B	2.8B	3.1B	3.3B	3.4B
Cost of revenue	1.3B	1.8B	2.4B	2.2B	1.7B	1.9B	2.3B	2.4B	2.4B	2.5B
Gross profit	445.1M	453.4M	584.8M	588.7M	440.7M	380M	522.4M	700.1M	825.2M	883.4M
Gross margin	25.1%	20.5%	19.7%	20.7%	20.3%	16.9%	18.8%	22.6%	25.3%	26.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	174.9M	220.5M	304.4M	277.4M	258.3M	266.9M	302.7M	335.2M	337.1M	356.3M
Operating expenses	174.9M	220.5M	304.4M	277.4M	258.3M	266.9M	302.7M	335.2M	337.1M	356.3M
Operating income	247.5M	203.8M	241.1M	269.4M	140.4M	76.8M	184.6M	330.1M	453.2M	491.5M
Operating margin	14%	9.2%	8.12%	9.49%	6.47%	3.42%	6.63%	10.7%	13.9%	14.6%
Non-operating income, net	-2.1M	-109.3M	-80.1M	-23.6M	-553M	-325M	25M	16.1M	-41.3M	26.2M
Pretax income	227.7M	73M	114.2M	189.8M	-461.4M	-290.6M	165M	294.1M	362.8M	471.4M
Income tax	84.9M	-240.9M	35.1M	46.8M	-189.8M	-43.8M	42.2M	71.2M	75.9M	116M
Net income	142.8M	313.9M	79.1M	143M	-271.6M	-246.8M	122.8M	222.9M	286.9M	355.4M
Net margin	8.06%	14.2%	2.66%	5.04%	-12.5%	-11%	4.41%	7.21%	8.78%	10.6%
EBITDA	446.5M	407.6M	471.8M	492.8M	368.5M	300.5M	402.7M	552.3M	706.3M	777.1M
EPS	2.63	5.62	1.31	2.38	-4.55	-4.11	2.04	3.74	4.95	6.37
Diluted EPS	2.62	5.62	1.31	2.37	-4.55	-4.11	2.03	3.72	4.91	6.33

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	764.8M	799.2M	808M	824.4M	831.1M	802.3M	785.7M	855.5M	871.2M	851.8M	844.1M	922.4M
Cost of revenue	584M	616.6M	608.3M	613.7M	612.7M	605.9M	576.1M	628.9M	647.4M	628.3M	626.8M	702M
Gross profit	180.8M	182.5M	199.7M	210.7M	218.4M	196.4M	209.6M	226.5M	223.8M	223.5M	217.3M	220.4M
Gross margin	23.6%	22.8%	24.7%	25.6%	26.3%	24.5%	26.7%	26.5%	25.7%	26.2%	25.7%	23.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	79.1M	84.3M	90.2M	80.4M	84.1M	82.4M	95.3M	85.8M	87.8M	87.4M	101.3M	88.7M
Operating expenses	79.1M	84.3M	90.2M	80.4M	84.1M	82.4M	95.3M	85.8M	87.8M	87.4M	101.3M	88.7M
Operating income	92M	92M	101.4M	120M	125.3M	106.4M	105.5M	130.2M	126.2M	129.6M	106.2M	121.6M
Operating margin	12%	11.5%	12.6%	14.6%	15.1%	13.3%	13.4%	15.2%	14.5%	15.2%	12.6%	13.2%
Non-operating income, net	3.1M	2.5M	3.3M	3.6M	4.6M	-52.8M	5.4M	6.5M	8.6M	5.8M	8.7M	7.7M
Pretax income	81.7M	81.4M	91.6M	110.8M	117.4M	43M	100.3M	123.9M	122.9M	124.2M	104.7M	118.4M
Income tax	18.7M	19.5M	21.7M	26.8M	27.4M	6K	24.1M	29.6M	30.2M	32.2M	23.4M	28.6M
Net income	63M	62M	69.9M	84M	90M	43M	76.3M	94.4M	92.7M	92M	81.3M	89.8M
Net margin	8.24%	7.75%	8.65%	10.2%	10.8%	5.36%	9.71%	11%	10.6%	10.8%	9.63%	9.74%
EBITDA	147M	148.7M	162.4M	182.6M	188.9M	172.5M	174.5M	200.6M	198.6M	203.2M	181.7M	199M
EPS	1.06	1.05	1.2	1.44	1.56	0.75	1.33	1.68	1.66	1.69	1.51	1.68
Diluted EPS	1.05	1.04	1.19	1.43	1.55	0.74	1.33	1.67	1.65	1.68	1.5	1.67

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.6B	3.7B	4B	5.3B	3.1B	3.6B	3.9B	4.7B	6.1B	6.1B	6.9B
Enterprise value	4.3B	4.7B	5.4B	6.9B	4.7B	4.9B	5B	5.8B	7.1B	7.2B	8B
Shares outstanding	53.5M	55.3M	59.6M	59.8M	59.9M	60.1M	60M	59.5M	57.9M	55.7M	55.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.9	11.8	50.7	37.4	—	—	31.5	21	21.4	17.3	19.8
P/S	2.01	1.67	1.35	1.88	1.43	1.59	1.39	1.51	1.88	1.82	1.95
P/B	1.47	1.19	1.25	1.59	1.01	1.24	1.27	1.47	1.83	1.81	1.99
EV/EBITDA	9.57	11.5	11.5	13.9	12.7	16.3	12.5	10.6	10.1	9.26	10.3
EV/Sales	2.41	2.11	1.82	2.42	2.16	2.18	1.81	1.89	2.18	2.14	2.29
Earnings yield	4.02%	8.5%	1.97%	2.67%	—	—	3.18%	4.77%	4.68%	5.79%	5.05%
FCF yield	5.2%	4.77%	1.13%	4.93%	9.56%	6.27%	3.15%	2.96%	6.75%	6.61%	5%
PEG	—	—	—	—	—	—	—	—	—	—	15.5

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.1%	20.5%	19.7%	20.7%	20.3%	16.9%	18.8%	22.6%	25.3%	26.3%	23.9%
Operating margin	14%	9.2%	8.12%	9.49%	6.47%	3.42%	6.63%	10.7%	13.9%	14.6%	13.8%
Net margin	8.06%	14.2%	2.66%	5.04%	-12.5%	-11%	4.41%	7.21%	8.78%	10.6%	10.2%
ROE	5.92%	10.1%	2.46%	4.24%	-8.8%	-8.54%	4.03%	6.99%	8.56%	10.5%	10.4%
ROA	3.33%	6.12%	1.35%	2.35%	-4.58%	-4.57%	2.21%	3.9%	4.9%	5.92%	5.13%
ROIC	4.96%	4.99%	3.62%	4.16%	3.01%	1.82%	3.25%	5.76%	8.26%	8.35%	7.9%
Return on tangible assets	4.89%	11.2%	2.25%	3.81%	-6.08%	-5.61%	2.68%	4.68%	5.85%	7.01%	6.73%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.77	1.99	1.8	1.78	2.25	1.85	1.89	1.68	1.45	1.53	1.68
Quick ratio	1.25	1.34	0.97	1.1	1.58	1.24	1.17	1.01	0.92	0.96	1.12
Debt / equity	0.3	0.32	0.44	0.46	0.54	0.47	0.41	0.37	0.32	0.34	0.36
Debt / assets	0.17	0.19	0.24	0.25	0.28	0.25	0.23	0.21	0.18	0.19	0.2
Net debt / EBITDA	1.61	2.39	2.97	3.07	4.3	4.4	2.92	2.09	1.39	1.36	1.52
Interest coverage	13.9	4.4	3.44	4.39	-8.47	-5.84	4.7	6.66	8.38	11.2	11.6
Effective tax rate	37.3%	0%	30.7%	24.7%	0%	0%	25.6%	24.2%	20.9%	24.6%	24.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	33.1	40	49.9	47.5	36.2	37.4	46.4	51.9	56.4	60.4	64.4
EPS (basic)	2.63	5.62	1.31	2.38	-4.55	-4.11	2.04	3.74	4.95	6.37	6.37
EPS (diluted)	2.62	5.62	1.31	2.37	-4.55	-4.11	2.03	3.72	4.91	6.33	6.51
Book value per share	45.1	56.3	54	56.4	51.5	48.1	50.7	53.5	57.9	60.7	64.8
FCF per share	3.46	3.19	0.76	4.41	4.95	3.72	2.02	2.33	7.14	7.29	8.86
Cash per share	0.11	0.36	0.13	0.41	1.34	0.58	1.34	0.55	1.28	1.41	0.74
Capex per share	0.35	0.98	0.89	0.96	0.29	0.85	0.61	0.44	0.35	4.75	4.36

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.05%	2.45%	1.79%	2.03%	0.8%	2.29%	1.33%	0.84%	0.62%	7.86%	6.71%
Capex / operating cash flow	4.83%	21.1%	22.9%	10.8%	-13.4%	-123.1%	12.5%	5.91%	3.24%	39.5%	33%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

—

Last dividend

$0.025

ex-dividend Aug 8, 1989

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 8, 1989	$0.025

Split history

Date	Ratio
Jun 1, 2006	2:1
May 12, 1981	10:1

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$764.8M	$799.2M	$808M	$824.4M	$831.1M	$802.3M	$785.7M	$855.5M	$871.2M	$851.8M	$844.1M	$922.4M
YoY change	+2.54%	+9.45%	+7.67%	+6.07%	+8.68%	+0.39%	-2.77%	+3.77%	+4.81%	+6.16%	+7.44%	+7.83%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	5.6M	20.1M	7.8M	24.7M	80.3M	34.8M	80.6M	32.6M	74.4M	78.8M
Receivables	297.2M	452.2M	417.6M	379.2M	315.3M	418M	483.4M	526.7M	489.9M	473.5M
Inventory	185.4M	315.7M	507.4M	351.4M	309.7M	331.4M	461.8M	454.4M	393.9M	398M
Total current assets	633M	957.1M	1.1B	917.6M	1B	1B	1.2B	1.1B	1.1B	1.1B
Property, plant & equipment	-1.2B	-889.1M	-937.9M	-833.5M	-908.4M	-943.7M	-1.6B	-1.7B	-1.8B	-2B
Goodwill & intangibles	1.4B	2.3B	2.4B	2.3B	1.5B	997.6M	980.4M	963.4M	946.3M	937.8M
Total assets	4.3B	5.1B	5.9B	6.1B	5.9B	5.4B	5.6B	5.7B	5.9B	6B
Accounts payable	134.6M	222M	278.1M	206.8M	162.5M	199.1M	278.1M	269.4M	251.4M	218.6M
Short-term debt	—	3K	19K	27.3M	32.8M	35.8M	39.7M	41.4M	44M	53.1M
Total current liabilities	358.3M	480.3M	607.8M	514.1M	466M	543.8M	642.2M	675.8M	734.8M	706.5M
Long-term debt	722.8M	992.4M	1.4B	1.5B	1.6B	1.3B	1.2B	1.1B	1B	1.1B
Total liabilities	1.9B	2B	2.7B	2.7B	2.8B	2.5B	2.5B	2.5B	2.5B	2.6B
Shareholders' equity	2.4B	3.1B	3.2B	3.4B	3.1B	2.9B	3B	3.2B	3.4B	3.4B
Total debt	722.8M	992.4M	1.4B	1.5B	1.7B	1.4B	1.3B	1.2B	1.1B	1.1B
Net debt	717.2M	972.3M	1.4B	1.5B	1.6B	1.3B	1.2B	1.2B	984.4M	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	42.1M	32.6M	75.2M	53.5M	67.1M	74.4M	51.1M	68.4M	47M	78.8M	58M	39M
Receivables	514.6M	526.7M	529.1M	550.2M	542.5M	489.9M	505.6M	564.2M	524.1M	473.5M	536.4M	641.6M
Inventory	505.5M	454.4M	446.8M	445.3M	434.2M	393.9M	434.7M	426.3M	424M	398M	418.1M	415.9M
Total current assets	1.2B	1.1B	1.2B	1.2B	1.2B	1.1B	1.1B	1.2B	1.2B	1.1B	1.1B	1.2B
Property, plant & equipment	3.9B	-1.7B	—	4.1B	4.1B	-1.8B	4.3B	4.3B	4.3B	-2B	4.3B	4.3B
Goodwill & intangibles	967.6M	963.4M	438.7M	954.8M	950.6M	946.3M	942M	943.7M	939.4M	937.8M	933.4M	930.2M
Total assets	5.7B	5.7B	5.8B	5.9B	5.9B	5.9B	6B	6.1B	6.1B	6B	6.1B	6.2B
Accounts payable	258.1M	269.4M	249.6M	266.8M	248.9M	251.4M	272.2M	250.1M	222.7M	218.6M	263.1M	249.7M
Short-term debt	41.8M	41.4M	—	42.4M	42M	44M	42.8M	44.4M	51.6M	53.1M	48.3M	44.6M
Total current liabilities	635.9M	675.8M	650.4M	684.6M	698M	734.8M	698.6M	679.5M	683.8M	706.5M	717.5M	736.1M
Long-term debt	1.2B	1.1B	—	1.2B	1.1B	1B	1.2B	1.3B	1.2B	1.1B	1.1B	1.2B
Total liabilities	2.5B	2.5B	2.6B	2.6B	2.6B	2.5B	2.7B	2.7B	2.7B	2.6B	2.7B	2.8B
Shareholders' equity	3.2B	3.2B	3.2B	3.3B	3.3B	3.4B	3.3B	3.4B	3.4B	3.4B	3.4B	3.4B
Total debt	1.2B	1.2B	—	1.2B	1.2B	1.1B	1.3B	1.3B	1.3B	1.1B	1.2B	1.2B
Net debt	1.2B	1.2B	—	1.2B	1.1B	984.4M	1.2B	1.2B	1.2B	1.1B	1.1B	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	142.8M	313.9M	79.1M	143M	-271.6M	-246.8M	122.8M	222.9M	286.9M	355.4M
Depreciation & amortization	200.9M	202.9M	225M	219.6M	219.9M	213.7M	201.4M	211.2M	240.3M	264.1M
Stock-based compensation	11.7M	11.5M	19.1M	13.6M	14.7M	15.7M	13.9M	14.9M	15.5M	17.6M
Change in working capital	-42.2M	-37M	-147.6M	83M	-147.7M	-12.5M	-110.5M	-98.4M	22.9M	-46.5M
Operating cash flow	385.2M	257.2M	232M	531.7M	-129.3M	-41.7M	294.1M	441.5M	630M	670.2M
Capital expenditure	18.6M	54.2M	53.1M	57.7M	17.3M	51.3M	36.9M	26.1M	20.4M	-264.5M
Investing cash flow	-118.5M	-415.9M	-481M	-204.8M	-337.7M	42.2M	33M	-11.4M	-57.5M	-383.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-1.8M	0	-776K	0	0	0	-22.9M	-112.8M	-174.6M	-354.2M
Financing cash flow	-66.8M	251.1M	331.6M	-465M	346.2M	-311.9M	-112.7M	-179.3M	-323.9M	-318.6M
Net change in cash	199.9M	92.4M	82.6M	-138.1M	-120.8M	-311.4M	214.5M	250.8M	248.7M	-31.6M
Free cash flow	184.7M	176.2M	45.1M	263.6M	296.8M	223.6M	121.5M	138.5M	413.8M	405.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	63M	62M	69.9M	84M	90M	43M	76.3M	94.4M	92.7M	92M	81.3M	89.8M
Depreciation & amortization	53.4M	54.9M	57.6M	59.5M	60.7M	62.5M	63.7M	65.7M	66.9M	67.9M	68.2M	70.4M
Stock-based compensation	3.4M	2.6M	6.4M	3M	3.4M	2.7M	7.8M	3.3M	3.4M	3M	10.1M	2.3M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	138.2M	150.9M	153.3M	168.7M	176.1M	109.1M	158.8M	176.8M	227.5M	312.2M	97.7M	72.3M
Capital expenditure	—	—	—	—	—	—	—	—	-67.3M	-47M	-48.3M	-71.5M
Investing cash flow	-36.2M	0	2.4M	-58.6M	4.8M	-12.6M	-97.2M	8.5M	-59.7M	-84.6M	-126.9M	-81.9M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-23.3M	-51.9M	-41.8M	-43.7M	-55.8M	-33.3M	-101.5M	-31.2M	-120M	-101.6M	-52.7M	-59.7M
Financing cash flow	45.8M	-103.8M	-3.5M	-56.4M	-125.6M	-138.3M	115.7M	-13.6M	-120M	-101.6M	4.2M	-9.4M
Net change in cash	147.8M	47.1M	152.2M	53.7M	55.2M	-41.9M	177.4M	171.6M	47.8M	126M	-25.1M	-19.1M
Free cash flow	-7.4M	89.2M	42.2M	90.8M	130.1M	150.7M	-42.1M	22.4M	160.3M	265.2M	49.4M	758K

Kirby Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement