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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
55 Waugh Drive, Suite 1000, Houston, TX, 77007, United States
713-435-1000
kirbycorp.com
Market Cap
$7.25B
P/E (TTM)
20.5
13.9
Dividend Yield
--
52W High
$134.69
52W Low
$79.52
52W Range
98%
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

Q4 2025 Data

Revenue

$851.78M+6.17%
4-Quarter Trend

EPS

$1.69+125.33%
4-Quarter Trend

FCF

$265.18M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Up 3% Total revenues reached $3.36B USD in 2025, marking a 3% increase from 2024, driven by strong marine pricing.
Net Earnings Jump 24% Net earnings attributable to Kirby totaled $354.6M USD, reflecting substantial 23.7% growth compared to the prior year.
KDS Margin Expansion Distribution and Services operating margin improved to 9.2% in 2025, up from 8.0% in 2024, driven by Power Generation.
Inland Contract Mix Shifts Inland marine revenues under term contracts increased to 70% in 2025, up from 65% in 2024, improving revenue predictability.

Risk Factors

Inland Utilization Softness Inland barge utilization fell to high 80% range in H2 2025 due to lighter feedstock mix impacting refinery and chemical transport.
Coastal Pricing Declines Coastal term contract pricing renewal range showed negative movement, dropping 4% to 6% in Q4 2025 compared to Q4 2024.
Oil and Gas Revenue Drop KDS Oil and Gas revenues declined 32% in 2025, reflecting lower conventional oilfield activity and reduced demand for equipment.
Weather Delay Risk Persists Inland operations incurred 11,410 delay days in 2025 due to weather and navigational factors, impacting operational efficiency.

Outlook

2026 Cash Flow Guidance Projected net cash flow from operations for 2026 is expected to range between $575M USD and $675M USD.
KMT Utilization Remains Steady Inland barge utilization expected steady in 2026 with continued pricing improvement due to limited new barge construction.
KDS Power Generation Growth KDS anticipates continued strong growth in Power Generation orders, offsetting expected softness in the oil and gas market.
Capital Spending Stable Capital expenditures projected for 2026 are expected to range between $220M USD and $260M USD.

Peer Comparison

Revenue (TTM)

KBR stock ticker logoKBR
$7.82B
+1.2%
SPR stock ticker logoSPR
$6.39B
-1.3%
MMS stock ticker logoMMS
$5.37B
-0.2%

Gross Margin (Latest Quarter)

PLUG stock ticker logoPLUG
424.4%
-10.3pp
OMAB stock ticker logoOMAB
87.2%
+3.5pp
GATX stock ticker logoGATX
48.2%
-1.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MIDD$8.17B-29.1-0.0%33.7%
MSA$7.59B27.221.8%24.5%
TKR$7.41B25.79.4%32.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.7%
Moderate Growth
4Q Net Income CAGR
6.5%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 23, 2026
|
EPS:$1.41
|
Revenue:$835.12M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data