Kirby Corp (KEX)
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessels transporting bulk liquid product, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and coastwise along three United States coasts, Alaska, and Hawaii. It transports petrochemicals, black oils, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barges and tugboat units that are involved in the offshore transportation of dry-bulk cargos in the United States coastal trade. It owns and operates 1,105 inland tank barges, approximately 266 inland towboats, 28 coastal tank barges, 24 coastal tugboats, 2 offshore dry-bulk cargo barges, 3 offshore tugboats, and a docking tugboat. Its Distribution and Services segment sells after-market service and genuine replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, electrical distribution and control systems, energy storage battery systems, and related oilfield service equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment for use in oilfield services, marine, power generation, on-highway, and other industrial applications; rents generators, industrial compressors, high capacity lift trucks, and refrigeration trailers; and manufactures and remanufactures oilfield service equipment, including pressure pumping units, as well as manufacturers electric power generation equipment, specialized electrical distribution and control equipment, and high capacity energy storage/battery systems. It serves various companies in the United States government, and pleasure crafts. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
- Symbol
- KEX
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Marine Shipping
- Market cap
- $7.07B
- 52 week range
- 79.52 - 157.69
Valuation
- Share price
- $130.04 (close of 2026-09-23)
- P/E (TTM)
- 20.22x
- Price to book
- 2.05x
- Price to free cash flow
- 14.87x
- Enterprise value
- $8.26B
- Book value per share
- $64.54
Price performance
| Period | Change |
|---|
| 1 day | -4.12% |
| 5 days | -6.42% |
| 1 month | -7.07% |
| 3 months | -5.92% |
| 6 months | -0.55% |
| Year to date | +18.03% |
| 1 year | +50.53% |
| 3 years | +56.00% |
| 5 years | +155.48% |
| 10 years | +118.37% |
| All time | +4028.25% |
Profitability and growth
- Return on equity
- 10.48%
- Return on invested capital
- 8.57%
- Return on assets
- 5.90%
- Return on capital employed
- 9.36%
- Gross margin
- 25.34%
- Net margin
- 10.54%
- EBITDA margin
- 22.60%
- Revenue growth
- 3.01%
- Net income growth
- 23.67%
- Free cash flow growth
- -1.96%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.73%
- Current ratio
- 1.68x
- Net debt to EBITDA
- 1.51x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $3.36B
- Cost of revenue
- $2.51B
- Gross profit
- $852.59M
- EBITDA
- $760.41M
- Net income
- $354.57M
- Earnings per share
- $6.37
- Interest expense
- $46.33M
- Shares outstanding
- 55.69M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $3.36B | $852.59M | $354.57M | $6.37 |
| 2024-12-31 | $3.27B | $736.19M | $286.71M | $4.95 |
| 2023-12-31 | $3.09B | $670.30M | $222.94M | $3.74 |
| 2022-12-31 | $2.78B | $495.58M | $122.29M | $2.04 |
| 2021-12-31 | $2.25B | $8.78M | $-246.95M | $-4.11 |
| 2020-12-31 | $2.17B | - | $-272.55M | $-4.55 |
| 2019-12-31 | $2.84B | $519.41M | $142.35M | $2.38 |
| 2018-12-31 | $2.97B | $459.69M | $78.45M | $1.31 |
| 2017-12-31 | $2.21B | $314.08M | $313.19M | $5.62 |
| 2016-12-31 | $1.77B | $422.23M | $141.41M | $2.63 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 25.34% | 10.54% | 10.48% | 8.57% |
| 2024-12-31 | 22.54% | 8.78% | 8.55% | 7.45% |
| 2023-12-31 | 21.68% | 7.21% | 7.00% | 6.08% |
| 2022-12-31 | 17.80% | 4.39% | 4.02% | 3.57% |
| 2021-12-31 | 0.39% | -10.99% | -8.55% | -5.09% |
| 2020-12-31 | - | -12.55% | -8.83% | -4.94% |
| 2019-12-31 | 18.30% | 5.02% | 4.22% | 4.00% |
| 2018-12-31 | 15.47% | 2.64% | 2.44% | 2.60% |
| 2017-12-31 | 14.18% | 14.14% | 10.06% | 2.29% |
| 2016-12-31 | 23.85% | 7.99% | 5.86% | 5.19% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $78.78M | $911.92M |
| 2024-12-31 | $74.44M | $866.72M |
| 2023-12-31 | $32.58M | $1.01B |
| 2022-12-31 | $80.58M | $1.08B |
| 2021-12-31 | $34.81M | $1.16B |
| 2020-12-31 | $80.34M | $1.47B |
| 2019-12-31 | $24.74M | $1.37B |
| 2018-12-31 | $7.80M | $1.41B |
| 2017-12-31 | $20.10M | $992.40M |
| 2016-12-31 | $5.63M | $722.80M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $405.73M | $17.56M |
| 2024-12-31 | $413.83M | $15.55M |
| 2023-12-31 | $138.50M | $14.94M |
| 2022-12-31 | $121.52M | $13.87M |
| 2021-12-31 | $223.56M | $15.71M |
| 2020-12-31 | $296.75M | $14.72M |
| 2019-12-31 | $263.65M | $13.61M |
| 2018-12-31 | $45.14M | $19.10M |
| 2017-12-31 | $176.16M | $11.46M |
| 2016-12-31 | $184.73M | $11.68M |
Dividend history
- Most recent payment
- 1989-08-08
| Payment date | Dividend per share |
|---|
| 1989-08-08 | $0.05 |
| 1988-08-09 | $0.05 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $1.95
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | $1.70 |
| 2026-04-30 | - | - |
| 2026-01-29 | - | - |
| 2025-10-29 | - | - |
| 2025-07-31 | - | - |
| 2025-05-01 | - | - |
| 2025-01-30 | - | - |
| 2024-10-30 | - | - |
Filings and sources
- Company website
- kirbycorp.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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