Kirby Corporation
NYSE•KEX
CEO: Mr. David W. Grzebinski C.F.A.
Sector: Industrials
Industry: Marine Shipping
Listing Date: 1980-03-17
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. It also transports petrochemicals, black oils, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barges and tugboat units that are engaged in the offshore transportation of dry-bulk cargos in the United States coastal trade. It owns and operates 1,076 inland tank barges, approximately 281 inland towboats, 28 coastal tank barges, 25 coastal tugboats, 4 offshore dry-bulk cargo barges, 4 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 used 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 to various companies, 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.
Contact Information
Market Cap
$7.18B
P/E (TTM)
23.4
13.4
Dividend Yield
--
52W High
$132.18
52W Low
$79.52
52W Range
Rank35Top 29.9%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$871.16M+4.81%
4-Quarter Trend
EPS
$1.66+6.41%
4-Quarter Trend
FCF
$160.25M+23.16%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Revenue Growth Total revenues reached $2.51B USD for nine months, showing 2% growth driven by KMT coastal rates.
Diluted EPS Improvement Diluted EPS reached $4.64 USD, marking an 11% increase compared to prior year period results.
KDS Operating Income Surge KDS operating income grew 23% to $100.7M USD, fueled by strong power generation demand.
KMT Operating Income Decline KMT operating income fell 1% for nine months, impacted by lower inland barge utilization rates.
Risk Factors
KMT Operating Income Pressure Q3 KMT operating income dropped 11% due to lower inland barge utilization and moderating spot prices.
Working Capital Impacts Cash Operating cash flow dropped 30% for nine months due to unfavorable working capital timing.
Rising Long-Term Debt Net long-term debt increased 20% to $1.04B USD, reflecting increased borrowings under credit facility.
Unresolved Environmental Liability Heiltsuk First Nation civil claim exposure remains unquantifiable following 2016 grounding incident.
Outlook
KMT Utilization Improvement Expected Expect Q4 barge utilization rates to improve; coastal marine market conditions remain very favorable.
KDS Growth Offset Softness Power generation growth expected to offset oil/gas softness; supply delays persist into 2026.
2025 Capital Expenditure Guidance Projected 2025 capital expenditures range between $260M and $290M USD for maintenance and growth.
Economic Headwinds Remain Mindful of economic landscape, including high interest rates and possible recessionary headwinds through 2026.
Peer Comparison
Revenue (TTM)
SPR$6.39B
MMS$5.43B
BCO$5.15B
Gross Margin (Latest Quarter)
OMAB75.7%
ENS29.1%
BCO25.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KEX | $7.18B | 23.4 | 9.1% | 20.7% |
| ENS | $6.40B | 19.2 | 18.0% | 29.8% |
| OMAB | $5.58B | 18.2 | 52.3% | 42.7% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.8%
Moderate Growth
4Q Net Income CAGR
29.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 29, 2026
EPS:$1.62
|Revenue:$860.72M
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 10, 2025|Revenue: $871.16M+4.8%|EPS: $1.66+6.4%MeetForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 11, 2025|Revenue: $855.46M+3.8%|EPS: $1.68+16.7%MeetForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 12, 2025|Revenue: $785.66M-2.8%|EPS: $1.33+10.8%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 18, 2025|Revenue: $3.27B+5.6%|EPS: $4.95+32.4%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 12, 2024|Revenue: $831.15M+8.7%|EPS: $1.56+47.2%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 9, 2024|Revenue: $824.39M+6.1%|EPS: $1.44+50.0%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 6, 2024|Revenue: $808.02M+7.7%|EPS: $1.20+76.5%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 20, 2024|Revenue: $3.09B+11.0%|EPS: $3.74+83.3%Meet