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Kirby (KEX) Financials

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$135.60 +2.95 (+2.22%)
As of 03:58 PM Eastern
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Annual Income Statements for Kirby

Annual Income Statements for Kirby

This table shows Kirby's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 227 141 313 78 142 -273 -247 122 223 287 355
Consolidated Net Income / (Loss)		 228 143 314 79 143 -272 -247 123 223 287 355
Net Income / (Loss) Continuing Operations		 228 143 314 79 143 -272 -247 123 223 287 355
Total Pre-Tax Income 		362 228 73 114 190 -461 -291 165 294 363 471
Total Operating Income		 381 247 94 155 242 -421 -258 193 335 399 496
Total Gross Profit		 785 646 656 807 808 661 594 724 911 1,066 1,148
Total Revenue		 2,148 1,771 2,214 2,971 2,838 2,171 2,247 2,785 3,092 3,266 3,364
Operating Revenue		 2,148 1,771 2,214 2,971 2,838 2,171 2,247 2,785 3,092 3,266 3,364
Total Cost of Revenue		 1,362 1,125 1,558 2,163 2,030 1,511 1,653 2,061 2,180 2,200 2,217
Operating Cost of Revenue		 1,362 1,125 1,558 2,163 2,030 1,511 1,653 2,061 2,180 2,200 2,217
Total Operating Expenses		 405 399 563 652 566 1,081 852 531 576 666 651
Selling, General & Admin Expense		 193 175 220 304 277 258 267 303 335 337 356
Depreciation Expense		 192 201 203 225 220 220 214 201 211 240 264
Other Operating Expenses / (Income)		 21 23 29 39 42 42 36 35 35 35 36
Impairment Charge		 0.00 0.00 106 85 36 561 341 0.00 0.00 56 0.00
Other Special Charges / (Income)		 -1.67 0.13 4.49 -1.97 -8.15 -0.12 -5.76 -8.28 -5.01 -2.21 -4.79
Total Other Income / (Expense), net		 -19 -20 -21 -41 -52 -41 -32 -28 -41 -36 -25
Interest Expense		 19 18 21 47 56 49 42 45 52 49 46
Other Income / (Expense), net		 -0.66 -2.47 0.57 5.73 3.79 8.15 10 17 11 13 21
Income Tax Expense		 134 85 -241 35 47 -190 -44 42 71 76 116
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.29 1.40 0.72 0.63 0.67 0.95 0.18 0.47 -0.03 0.19 0.85
Basic Earnings per Share		 $4.12 $2.63 $5.62 $1.31 $2.38 ($4.55) ($4.11) $2.04 $3.74 $4.95 $6.37
Weighted Average Basic Shares Outstanding		 54.73M 53.45M 55.31M 59.88M 59.98M 60.09M 60.20M 60.02M 58.52M 57.13M 53.65M
Diluted Earnings per Share		 $4.11 $2.62 $5.62 $1.31 $2.37 ($4.55) ($4.11) $2.03 $3.72 $4.91 $6.33
Weighted Average Diluted Shares Outstanding		 54.73M 53.45M 55.31M 59.88M 59.98M 60.09M 60.20M 60.02M 58.52M 57.13M 53.65M
Weighted Average Basic & Diluted Shares Outstanding		 54.73M 53.45M 55.31M 59.88M 59.98M 60.09M 60.20M 60.02M 58.52M 57.13M 53.65M

Quarterly Income Statements for Kirby

This table shows Kirby's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 62 70 84 90 43 76 94 92 92 81 90
Consolidated Net Income / (Loss)		 62 70 84 90 43 76 94 93 92 81 90
Net Income / (Loss) Continuing Operations		 62 70 84 90 43 76 94 93 92 81 90
Total Pre-Tax Income 		81 92 111 117 43 100 124 123 124 105 118
Total Operating Income		 93 102 120 127 50 106 132 129 130 108 122
Total Gross Profit		 237 257 270 279 259 273 292 291 291 286 291
Total Revenue		 799 808 824 831 802 786 855 871 852 844 922
Operating Revenue		 799 808 824 831 802 786 855 871 852 844 922
Total Cost of Revenue		 562 551 554 552 543 512 563 580 560 559 632
Operating Cost of Revenue		 562 551 554 552 543 512 563 580 560 559 632
Total Operating Expenses		 145 156 150 152 209 168 160 161 162 178 168
Selling, General & Admin Expense		 84 90 80 84 82 95 86 88 87 101 89
Depreciation Expense		 55 58 59 61 63 64 66 67 68 68 70
Other Operating Expenses / (Income)		 6.16 8.04 10 8.97 7.58 8.83 11 9.77 6.48 9.85 10
Other Special Charges / (Income)		 -0.78 -0.07 -0.52 -1.62 -0.00 -0.07 -1.69 -3.00 -0.03 -1.45 -0.71
Total Other Income / (Expense), net		 -11 -9.88 -9.73 -9.55 -7.17 -5.20 -7.92 -6.28 -5.47 -2.97 -3.95
Interest Expense		 13 13 13 12 11 11 13 12 11 10 11
Other Income / (Expense), net		 1.75 3.27 3.09 2.95 3.49 5.33 4.81 5.56 5.75 7.28 7.03
Income Tax Expense		 19 22 27 27 0.01 24 30 30 32 23 29
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.06 -0.15 0.13 0.06 0.15 0.28 0.10 0.24 0.22 0.13 0.07
Basic Earnings per Share		 $1.04 $1.20 $1.44 $1.56 $0.75 $1.33 $1.68 $1.66 $1.70 $1.51 $1.68
Weighted Average Basic Shares Outstanding		 58.52M 58.30M 57.90M 57.40M 57.13M 56.10M 55.80M 54.20M 53.65M 53.50M 52.80M
Diluted Earnings per Share		 $1.04 $1.19 $1.43 $1.55 $0.74 $1.33 $1.67 $1.65 $1.68 $1.50 $1.67
Weighted Average Diluted Shares Outstanding		 58.52M 58.30M 57.90M 57.40M 57.13M 56.10M 55.80M 54.20M 53.65M 53.50M 52.80M
Weighted Average Basic & Diluted Shares Outstanding		 58.52M 58.30M 57.90M 57.40M 57.13M 56.10M 55.80M 54.20M 53.65M 53.50M 52.80M

Annual Cash Flow Statements for Kirby

This table details how cash moves in and out of Kirby's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -18 -0.25 14 -12 542 56 -46 46 -48 42 4.33
Net Cash From Operating Activities		 524 416 353 347 512 445 322 294 540 756 670
Net Cash From Continuing Operating Activities		 524 416 353 347 512 445 322 294 540 756 670
Net Income / (Loss) Continuing Operations		 228 143 314 79 143 -272 -247 123 223 287 355
Consolidated Net Income / (Loss)		 228 143 314 79 143 -272 -247 123 223 287 355
Depreciation Expense		 192 201 203 225 220 220 214 201 211 240 264
Amortization Expense		 24 21 22 21 24 30 33 29 29 33 29
Non-Cash Adjustments To Reconcile Net Income		 11 11 123 105 42 580 350 6.49 7.00 72 15
Changes in Operating Assets and Liabilities, net		 69 41 -308 -83 83 -113 -28 -66 70 124 6.55
Net Cash From Investing Activities		 -362 -350 -593 -783 -453 -486 -56 -140 -413 -400 -352
Net Cash From Continuing Investing Activities		 -362 -350 -593 -783 72 -486 -56 -140 -413 -400 -352
Purchase of Property, Plant & Equipment		 -345 -231 -177 -302 -248 -148 -98 -173 -402 -343 -264
Acquisitions		 -41 -137 -470 -534 262 -355 -9.12 -3.90 -38 -78 -116
Sale of Property, Plant & Equipment		 24 19 54 53 58 17 51 37 26 20 31
Other Investing Activities, net		 - 0.00 0.00 - - - - - 0.00 0.00 -3.00
Net Cash From Financing Activities		 -180 -67 254 423 -42 97 -311 -109 -175 -315 -314
Net Cash From Continuing Financing Activities		 -180 -67 254 423 -42 97 -311 -109 -175 -315 -314
Repayment of Debt		 -100 -53 -15 -83 -545 -150 -308 -397 -351 -100 -2.59
Repurchase of Common Equity		 -241 -1.83 0.00 -0.78 - 0.00 0.00 -23 -113 -175 -354
Issuance of Debt		 161 - 270 499 500 250 0.00 311 289 -44 44
Other Financing Activities, net		 -0.08 -3.41 -0.70 7.53 2.90 -3.52 -3.21 -0.24 0.30 4.02 -1.04
Cash Interest Paid		 21 20 22 41 56 49 41 43 49 49 46

Quarterly Cash Flow Statements for Kirby

This table details how cash moves in and out of Kirby's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -9.54 43 -22 14 7.37 -23 17 -21 32 -21 -19
Net Cash From Operating Activities		 216 123 179 207 247 37 94 228 312 98 72
Net Cash From Continuing Operating Activities		 216 123 179 207 247 37 94 228 312 98 72
Net Income / (Loss) Continuing Operations		 62 70 84 90 43 76 94 93 92 81 90
Consolidated Net Income / (Loss)		 62 70 84 90 43 76 94 93 92 81 90
Depreciation Expense		 55 58 59 61 63 64 66 67 68 68 70
Amortization Expense		 7.92 8.35 8.41 8.21 7.61 7.19 7.45 7.72 7.14 6.70 5.66
Non-Cash Adjustments To Reconcile Net Income		 2.69 8.02 2.30 2.40 60 9.09 2.23 -0.21 3.50 11 3.43
Changes in Operating Assets and Liabilities, net		 89 -21 25 45 75 -120 -76 60 142 -70 -97
Net Cash From Investing Activities		 -123 -79 -147 -72 -103 -176 -63 -60 -54 -127 -82
Net Cash From Continuing Investing Activities		 -123 -79 -147 -72 -103 -176 -63 -60 -54 -127 -82
Purchase of Property, Plant & Equipment		 -127 -81 -89 -76 -97 -79 -71 -67 -47 -48 -72
Acquisitions		 - 0.00 - - -13 -97 - -9.20 -9.27 -81 -14
Sale of Property, Plant & Equipment		 4.24 2.41 6.64 4.78 6.56 0.08 11 17 2.68 2.71 3.97
Net Cash From Financing Activities		 -103 -2.01 -54 -121 -137 116 -14 -189 -227 8.54 -9.39
Net Cash From Continuing Financing Activities		 -103 -2.01 -54 -121 -137 116 -14 -189 -227 8.54 -9.39
Repayment of Debt		 0.06 -0.03 -0.03 -0.03 -100 -1.00 -1.53 -0.03 -0.03 -70 -4.52
Repurchase of Common Equity		 -52 -42 -44 -56 -33 -101 -31 -120 -102 -53 -60
Issuance of Debt		 -52 44 -13 -70 -4.95 224 19 -69 -130 134 55
Other Financing Activities, net		 0.37 -3.78 2.53 4.26 0.90 -5.69 -0.01 -0.02 4.68 -2.36 -0.01
Cash Interest Paid		 4.04 22 4.73 20 2.46 18 5.21 20 3.48 19 1.85
Cash Income Taxes Paid		 1.33 1.06 13 1.09 4.09 25 55 1.22 - 0.71 39

Annual Balance Sheets for Kirby

This table presents Kirby's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 4,152 4,290 5,127 5,872 6,079 5,924 5,399 5,555 5,722 5,852 6,008
Total Current Assets		 641 633 957 1,096 918 1,048 1,004 1,212 1,135 1,069 1,078
Cash & Equivalents		 5.89 5.63 20 7.80 25 80 35 81 33 74 79
Accounts Receivable		 393 393 558 522 483 600 568 598 579 537 543
Inventories, net		 185 185 316 507 351 310 331 462 454 394 398
Prepaid Expenses		 45 49 63 59 58 58 70 71 69 63 58
Plant, Property, & Equipment, net		 2,779 2,921 2,959 3,540 3,777 3,917 3,679 3,633 3,861 4,023 4,098
Plant, Property & Equipment, gross		 4,060 4,329 4,361 5,012 5,324 5,615 5,393 - - - 6,393
Accumulated Depreciation		 1,281 1,408 1,402 1,472 1,547 1,698 1,714 - - - 2,295
Total Noncurrent Assets		 733 736 1,211 1,235 1,384 959 717 710 726 760 832
Goodwill		 587 598 935 954 954 658 439 439 439 439 439
Intangible Assets		 - 87 233 224 211 69 60 51 43 34 30
Other Noncurrent Operating Assets		 144 48 41 55 218 230 216 217 242 284 363
Total Liabilities & Shareholders' Equity		 4,152 4,290 5,127 5,872 6,079 5,924 5,399 5,555 5,722 5,852 6,008
Total Liabilities		 1,873 1,877 2,013 2,655 2,708 2,837 2,510 2,510 2,536 2,499 2,625
Total Current Liabilities		 362 358 480 608 514 466 544 642 676 735 707
Short-Term Debt		 0.00 0.00 0.00 0.02 0.02 0.04 1.93 3.29 8.07 8.23 7.36
Accounts Payable		 133 135 222 278 207 163 199 278 269 251 219
Accrued Expenses		 16 13 27 32 33 25 30 42 30 32 233
Current Deferred Revenue		 41 36 48 - 43 45 73 119 135 177 202
Other Current Liabilities		 112 123 109 190 136 144 145 102 118 124 46
Total Noncurrent Liabilities		 1,511 1,519 1,533 2,048 2,193 2,371 1,967 1,868 1,860 1,764 1,919
Long-Term Debt		 775 723 992 1,410 1,370 1,469 1,161 1,076 1,009 867 912
Capital Lease Obligations		 - - - - - - - - 139 148 170
Noncurrent Deferred & Payable Income Tax Liabilities		 670 705 468 543 588 607 574 626 697 739 826
Other Noncurrent Operating Liabilities		 67 90 72 95 235 295 231 165 16 9.59 11
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,279 2,413 3,114 3,216 3,372 3,088 2,889 3,045 3,187 3,353 3,383
Total Preferred & Common Equity		 2,269 2,409 3,111 3,213 3,369 3,084 2,886 3,043 3,185 3,352 3,381
Total Common Equity		 2,269 2,409 3,111 3,213 3,369 3,084 2,886 3,043 3,185 3,352 3,381
Common Stock		 441 438 810 830 842 852 861 866 871 875 880
Retained Earnings		 2,201 2,342 2,647 2,724 2,866 2,593 2,346 2,469 2,692 2,978 3,333
Treasury Stock		 -328 -320 -313 -307 -302 -299 -295 -309 -412 -573 -919
Accumulated Other Comprehensive Income / (Loss)		 -45 -51 -32 -34 -38 -61 -26 17 35 71 86
Noncontrolling Interest		 10 3.55 3.40 3.11 2.97 3.25 2.46 2.29 1.25 1.44 2.28

Quarterly Balance Sheets for Kirby

This table presents Kirby's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 5,575 5,575 5,683 5,776 5,866 5,871 6,015 6,080 6,064 6,119 6,220
Total Current Assets		 1,200 1,169 1,196 1,175 1,167 1,164 1,102 1,185 1,160 1,142 1,240
Cash & Equivalents		 27 37 42 75 54 67 51 68 47 58 39
Accounts Receivable		 636 560 569 585 598 590 554 626 620 603 724
Inventories, net		 475 505 506 447 445 434 435 426 424 418 416
Prepaid Expenses		 62 68 79 68 70 73 63 64 69 63 60
Plant, Property, & Equipment, net		 3,666 3,698 3,782 3,883 3,975 3,985 4,149 4,135 4,122 4,163 4,177
Plant, Property & Equipment, gross		 5,533 5,580 5,710 5,880 5,991 6,046 6,310 6,328 6,360 6,521 6,595
Accumulated Depreciation		 1,867 1,882 1,928 1,997 2,016 2,061 2,161 2,192 2,238 2,358 2,418
Total Noncurrent Assets		 709 708 705 717 725 721 763 760 782 814 803
Goodwill		 439 439 439 439 439 439 439 439 439 439 439
Intangible Assets		 49 47 45 41 39 37 32 33 31 28 26
Other Noncurrent Operating Assets		 221 222 221 88 89 82 292 288 312 347 338
Total Liabilities & Shareholders' Equity		 5,575 5,575 5,683 5,776 5,866 5,871 6,015 6,080 6,064 6,119 6,220
Total Liabilities		 2,490 2,462 2,525 2,559 2,603 2,567 2,687 2,690 2,700 2,703 2,775
Total Current Liabilities		 615 656 636 650 685 698 699 679 684 717 736
Short-Term Debt		 3.98 7.45 9.61 8.64 8.97 8.17 7.34 6.43 7.28 6.09 5.95
Accounts Payable		 278 280 258 250 267 249 272 250 223 263 250
Accrued Expenses		 174 205 199 195 211 217 190 204 220 201 212
Current Deferred Revenue		 124 131 135 153 154 168 171 181 189 205 230
Other Current Liabilities		 33 33 32 33 33 34 35 38 44 42 39
Total Noncurrent Liabilities		 1,875 1,805 1,889 1,909 1,919 1,869 1,988 2,011 2,017 1,985 2,039
Long-Term Debt		 1,076 991 1,058 1,052 1,039 970 1,091 1,111 1,042 977 1,031
Capital Lease Obligations		 146 - 142 137 144 149 146 142 159 159 151
Noncurrent Deferred & Payable Income Tax Liabilities		 638 657 673 706 721 735 741 747 805 835 843
Other Noncurrent Operating Liabilities		 14 158 16 14 15 15 9.57 10 11 13 14
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,085 3,113 3,158 3,217 3,263 3,304 3,328 3,390 3,363 3,417 3,445
Total Preferred & Common Equity		 3,083 3,111 3,157 3,216 3,261 3,302 3,326 3,388 3,361 3,414 3,443
Total Common Equity		 3,083 3,111 3,157 3,216 3,261 3,302 3,326 3,388 3,361 3,414 3,443
Common Stock		 863 865 868 866 869 873 872 874 877 877 878
Retained Earnings		 2,509 2,567 2,630 2,762 2,846 2,936 3,054 3,149 3,241 3,414 3,504
Treasury Stock		 -307 -340 -360 -446 -488 -540 -670 -700 -821 -961 -1,020
Accumulated Other Comprehensive Income / (Loss)		 17 19 19 35 35 35 70 66 64 84 81
Noncontrolling Interest		 2.21 2.17 1.19 1.09 1.22 1.28 1.72 1.82 2.06 2.41 2.48

Annual Metrics And Ratios for Kirby

This table displays calculated financial ratios and metrics derived from Kirby's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -16.32% -17.55% 25.06% 34.15% -4.45% -23.50% 3.47% 23.95% 11.02% 5.64% 3.01%
EBITDA Growth		 -10.22% -21.70% -31.56% 27.40% 20.32% -133.20% 99.26% 36,739.22% 33.23% 16.81% 18.48%
EBIT Growth		 -20.08% -35.55% -61.54% 70.94% 52.67% -267.86% 39.86% 184.46% 65.17% 19.00% 25.70%
NOPAT Growth		 -19.50% -35.35% 159.50% -73.28% 69.52% -261.52% 38.65% 179.43% 76.93% 24.29% 18.55%
Net Income Growth		 -19.90% -37.36% 119.81% -74.81% 80.86% -289.90% 9.14% 149.75% 81.58% 28.71% 23.88%
EPS Growth		 -16.63% -36.25% 114.50% -76.69% 80.92% -291.98% 9.67% 149.39% 83.25% 31.99% 28.92%
Operating Cash Flow Growth		 29.10% -20.69% -15.01% -1.81% 47.50% -13.07% -27.73% -8.54% 83.67% 40.03% -11.41%
Free Cash Flow Firm Growth		 37.46% -50.42% -852.79% 22.39% 119.58% -161.14% 636.84% -57.98% -110.67% 2,713.35% -12.73%
Invested Capital Growth		 3.08% 2.67% 30.58% 13.17% 2.12% -5.14% -10.21% 0.67% 6.57% -0.21% 2.11%
Revenue Q/Q Growth		 -7.90% -2.67% 14.03% 0.45% -2.26% -7.11% 4.73% 5.25% 2.28% 0.10% 1.49%
EBITDA Q/Q Growth		 -4.16% -4.96% -24.80% 9.15% 7.78% 6.41% 38.97% 7.36% 6.64% -4.68% 11.95%
EBIT Q/Q Growth		 -7.23% -10.14% -53.48% 26.66% 16.82% 2.24% 2.64% 16.14% 10.18% -9.04% 18.76%
NOPAT Q/Q Growth		 -6.92% -9.78% 213.55% -77.45% 18.38% 2.00% 2.58% 22.59% 12.39% -6.28% 14.35%
Net Income Q/Q Growth		 -7.09% -11.31% 172.33% -76.39% 23.59% 6.68% -4.78% 27.10% 12.43% -6.21% 16.01%
EPS Q/Q Growth		 -5.73% -11.49% 166.35% -77.53% 23.44% 6.76% -4.58% 26.88% 12.73% -5.76% 17.44%
Operating Cash Flow Q/Q Growth		 14.47% -14.28% 4.86% -5.25% 10.71% -8.07% -12.03% 45.32% 18.17% 4.33% 10.71%
Free Cash Flow Firm Q/Q Growth		 54.60% -41.52% 16.98% -74.07% 627.45% -35.24% -21.19% 238.74% -112.31% 8.63% 69.87%
Invested Capital Q/Q Growth		 -0.33% 0.82% 4.76% 0.00% -1.50% -1.16% 0.66% -3.51% -0.14% -1.21% -2.71%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 36.56% 36.48% 29.64% 27.18% 28.48% 30.42% 26.43% 25.99% 29.47% 32.63% 34.11%
EBITDA Margin		 27.74% 26.35% 14.42% 13.69% 17.24% -7.48% -0.05% 15.80% 18.96% 20.97% 24.12%
Operating Margin		 17.73% 13.97% 4.23% 5.23% 8.53% -19.38% -11.49% 6.93% 10.84% 12.22% 14.75%
EBIT Margin		 17.69% 13.83% 4.25% 5.42% 8.66% -19.00% -11.04% 7.53% 11.20% 12.61% 15.39%
Profit (Net Income) Margin		 10.62% 8.07% 14.18% 2.66% 5.04% -12.51% -10.98% 4.41% 7.21% 8.78% 10.57%
Tax Burden Percent		 63.03% 62.70% 429.92% 69.27% 75.34% 58.87% 84.92% 74.41% 75.79% 79.09% 75.39%
Interest Burden Percent		 95.19% 92.99% 77.51% 70.90% 77.22% 111.81% 117.12% 78.72% 84.97% 88.07% 91.05%
Effective Tax Rate		 36.97% 37.30% -329.92% 30.73% 24.66% 0.00% 0.00% 25.59% 24.21% 20.91% 24.61%
Return on Invested Capital (ROIC)		 7.98% 5.02% 11.14% 2.47% 3.90% -6.39% -4.25% 3.55% 6.07% 7.31% 8.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.35% 3.37% 0.70% 0.08% 1.06% -4.73% -9.46% 1.62% 3.17% 4.57% 6.69%
Return on Net Nonoperating Assets (RNNOA)		 2.05% 1.07% 0.21% 0.03% 0.44% -2.01% -4.01% 0.59% 1.09% 1.46% 1.96%
Return on Equity (ROE)		 10.03% 6.09% 11.36% 2.50% 4.34% -8.41% -8.26% 4.14% 7.15% 8.77% 10.55%
Cash Return on Invested Capital (CROIC)		 4.95% 2.39% -15.38% -9.89% 1.80% -1.12% 6.51% 2.88% -0.30% 7.52% 6.50%
Operating Return on Assets (OROA)		 9.16% 5.80% 2.00% 2.93% 4.11% -6.88% -4.38% 3.83% 6.14% 7.12% 8.73%
Return on Assets (ROA)		 5.50% 3.38% 6.67% 1.44% 2.39% -4.53% -4.36% 2.24% 3.95% 4.96% 5.99%
Return on Common Equity (ROCE)		 9.99% 6.07% 11.34% 2.50% 4.34% -8.40% -8.25% 4.13% 7.15% 8.77% 10.55%
Return on Equity Simple (ROE_SIMPLE)		 10.05% 5.93% 10.09% 2.46% 4.25% -8.81% -8.55% 4.03% 7.00% 8.56% 0.00%
Net Operating Profit after Tax (NOPAT)		 240 155 403 108 182 -295 -181 144 254 316 374
NOPAT Margin		 11.17% 8.76% 18.18% 3.62% 6.42% -13.56% -8.04% 5.15% 8.21% 9.66% 11.12%
Net Nonoperating Expense Percent (NNEP)		 1.63% 1.65% 10.45% 2.38% 2.84% -1.67% 5.21% 1.94% 2.90% 2.75% 1.90%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 3.48% 5.85% 7.21% 8.37%
Cost of Revenue to Revenue		 63.44% 63.52% 70.36% 72.82% 71.52% 69.58% 73.57% 74.01% 70.53% 67.37% 65.89%
SG&A Expenses to Revenue		 9.00% 9.88% 9.96% 10.25% 9.77% 11.89% 11.88% 10.87% 10.84% 10.32% 10.59%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 18.84% 22.51% 25.41% 21.95% 19.95% 49.80% 37.92% 19.07% 18.64% 20.41% 19.36%
Earnings before Interest and Taxes (EBIT)		 380 245 94 161 246 -413 -248 210 346 412 518
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 596 466 319 407 489 -162 -1.20 440 586 685 811
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.25 1.49 1.28 1.26 1.59 1.01 1.24 1.27 1.46 1.81 1.77
Price to Tangible Book Value (P/TBV)		 1.69 2.08 2.05 1.98 2.44 1.32 1.50 1.51 1.72 2.11 2.05
Price to Revenue (P/Rev)		 1.32 2.02 1.80 1.36 1.89 1.43 1.59 1.38 1.50 1.86 1.78
Price to Earnings (P/E)		 12.54 25.33 12.73 51.40 37.70 0.00 0.00 31.52 20.81 21.18 16.84
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 7.98% 3.95% 7.85% 1.95% 2.65% 0.00% 0.00% 3.17% 4.81% 4.72% 5.94%
Enterprise Value to Invested Capital (EV/IC)		 1.19 1.37 1.21 1.17 1.42 1.00 1.17 1.20 1.33 1.63 1.59
Enterprise Value to Revenue (EV/Rev)		 1.69 2.43 2.24 1.83 2.37 2.07 2.09 1.74 1.86 2.15 2.08
Enterprise Value to EBITDA (EV/EBITDA)		 6.08 9.22 15.54 13.36 13.72 0.00 0.00 11.03 9.82 10.25 8.60
Enterprise Value to EBIT (EV/EBIT)		 9.52 17.56 52.67 33.76 27.31 0.00 0.00 23.16 16.64 17.04 13.48
Enterprise Value to NOPAT (EV/NOPAT)		 15.09 27.72 12.33 50.53 36.81 0.00 0.00 33.82 22.68 22.24 18.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.90 10.34 14.04 15.66 13.12 10.12 14.62 16.50 10.66 9.28 10.42
Enterprise Value to Free Cash Flow (EV/FCFF)		 24.32 58.27 0.00 0.00 79.52 0.00 16.96 41.68 0.00 21.62 24.64
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.34 0.30 0.32 0.44 0.41 0.48 0.40 0.35 0.36 0.31 0.32
Long-Term Debt to Equity		 0.34 0.30 0.32 0.44 0.41 0.48 0.40 0.35 0.36 0.30 0.32
Financial Leverage		 0.32 0.32 0.31 0.38 0.42 0.43 0.42 0.36 0.34 0.32 0.29
Leverage Ratio		 1.83 1.80 1.70 1.74 1.81 1.86 1.89 1.85 1.81 1.77 1.76
Compound Leverage Factor		 1.74 1.67 1.32 1.23 1.40 2.08 2.22 1.45 1.54 1.56 1.60
Debt to Total Capital		 25.37% 23.05% 24.17% 30.48% 28.89% 32.23% 28.71% 26.17% 26.61% 23.38% 24.35%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.08% 0.19% 0.19% 0.16%
Long-Term Debt to Total Capital		 25.37% 23.05% 24.17% 30.48% 28.89% 32.23% 28.66% 26.09% 26.42% 23.19% 24.19%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.34% 0.11% 0.08% 0.07% 0.06% 0.07% 0.06% 0.06% 0.03% 0.03% 0.05%
Common Equity to Total Capital		 74.29% 76.84% 75.75% 69.45% 71.05% 67.70% 71.23% 73.77% 73.36% 76.59% 75.59%
Debt to EBITDA		 1.30 1.55 3.11 3.47 2.80 -9.04 -968.67 2.45 1.97 1.49 1.34
Net Debt to EBITDA		 1.29 1.53 3.04 3.44 2.74 -8.53 -937.90 2.27 1.91 1.38 1.24
Long-Term Debt to EBITDA		 1.30 1.55 3.11 3.47 2.80 -9.04 -967.06 2.45 1.96 1.48 1.33
Debt to NOPAT		 3.23 4.66 2.47 13.11 7.51 -4.99 -6.44 7.52 4.55 3.24 2.91
Net Debt to NOPAT		 3.20 4.61 2.41 13.01 7.36 -4.70 -6.23 6.95 4.41 3.00 2.69
Long-Term Debt to NOPAT		 3.23 4.66 2.47 13.11 7.51 -4.99 -6.43 7.50 4.52 3.22 2.89
Altman Z-Score		 2.55 2.59 2.52 2.26 2.53 1.53 1.83 2.29 2.59 3.03 3.06
Noncontrolling Interest Sharing Ratio		 0.47% 0.30% 0.13% 0.10% 0.09% 0.10% 0.10% 0.08% 0.06% 0.04% 0.06%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.77 1.77 1.99 1.80 1.78 2.25 1.85 1.89 1.68 1.45 1.53
Quick Ratio		 1.10 1.11 1.20 0.87 0.99 1.46 1.11 1.06 0.90 0.83 0.88
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 149 74 -555 -431 84 -52 277 116 -12 325 283
Operating Cash Flow to CapEx		 163.30% 195.71% 287.32% 139.51% 268.66% 339.97% 689.00% 216.75% 143.81% 234.74% 287.07%
Free Cash Flow to Firm to Interest Expense		 7.94 4.17 -25.87 -9.20 1.51 -1.06 6.53 2.61 -0.24 6.61 6.12
Operating Cash Flow to Interest Expense		 27.98 23.50 16.46 7.41 9.14 9.13 7.57 6.60 10.39 15.40 14.47
Operating Cash Flow Less CapEx to Interest Expense		 10.85 11.49 10.73 2.10 5.74 6.44 6.47 3.55 3.16 8.84 9.43
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.52 0.42 0.47 0.54 0.48 0.36 0.40 0.51 0.55 0.56 0.57
Accounts Receivable Turnover		 4.64 4.51 4.66 5.50 5.65 4.01 3.85 4.78 5.25 5.86 6.23
Inventory Turnover		 7.23 6.08 6.22 5.26 4.73 4.57 5.16 5.20 4.76 5.19 5.60
Fixed Asset Turnover		 0.80 0.62 0.75 0.91 0.78 0.56 0.59 0.76 0.83 0.83 0.83
Accounts Payable Turnover		 7.68 8.41 8.74 8.65 8.37 8.18 9.14 8.64 7.97 8.45 9.43
Days Sales Outstanding (DSO)		 78.72 81.00 78.37 66.37 64.63 91.07 94.89 76.41 69.46 62.33 58.58
Days Inventory Outstanding (DIO)		 50.48 60.03 58.70 69.44 77.21 79.86 70.77 70.24 76.69 70.36 65.20
Days Payable Outstanding (DPO)		 47.53 43.39 41.77 42.19 43.59 44.61 39.92 42.25 45.82 43.19 38.70
Cash Conversion Cycle (CCC)		 81.67 97.64 95.30 93.63 98.26 126.31 125.74 104.39 100.33 89.50 85.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,051 3,133 4,091 4,629 4,727 4,484 4,027 4,054 4,320 4,311 4,402
Invested Capital Turnover		 0.71 0.57 0.61 0.68 0.61 0.47 0.53 0.69 0.74 0.76 0.77
Increase / (Decrease) in Invested Capital		 91 81 958 539 98 -243 -458 27 266 -9.05 91
Enterprise Value (EV)		 3,619 4,299 4,962 5,436 6,713 4,501 4,701 4,854 5,760 7,020 6,981
Market Capitalization		 2,842 3,581 3,988 4,033 5,367 3,112 3,572 3,855 4,638 6,073 5,972
Book Value per Share		 $42.01 $44.74 $52.11 $53.67 $56.19 $51.37 $48.02 $50.80 $53.90 $58.39 $62.37
Tangible Book Value per Share		 $31.14 $32.01 $32.55 $34.00 $36.77 $39.27 $39.72 $42.62 $45.75 $50.15 $53.72
Total Capital		 3,054 3,136 4,107 4,626 4,741 4,556 4,052 4,125 4,342 4,376 4,472
Total Debt		 775 723 992 1,410 1,370 1,469 1,163 1,080 1,155 1,023 1,089
Total Long-Term Debt		 775 723 992 1,410 1,370 1,469 1,161 1,076 1,147 1,015 1,082
Net Debt		 767 715 970 1,400 1,343 1,386 1,126 997 1,120 946 1,007
Capital Expenditures (CapEx)		 321 212 123 249 191 131 47 136 376 322 233
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 273 269 457 481 379 502 427 492 435 268 300
Debt-free Net Working Capital (DFNWC)		 279 275 477 489 403 582 462 573 467 342 379
Net Working Capital (NWC)		 279 275 477 489 403 582 460 570 459 334 371
Net Nonoperating Expense (NNE)		 12 12 89 28 39 -23 66 21 31 29 19
Net Nonoperating Obligations (NNO)		 772 720 977 1,413 1,356 1,397 1,138 1,009 1,133 958 1,019
Total Depreciation and Amortization (D&A)		 216 222 225 246 244 250 247 230 240 273 294
Debt-free, Cash-free Net Working Capital to Revenue		 12.71% 15.19% 20.62% 16.19% 13.34% 23.10% 19.02% 17.68% 14.07% 8.19% 8.92%
Debt-free Net Working Capital to Revenue		 12.99% 15.51% 21.53% 16.45% 14.22% 26.80% 20.57% 20.57% 15.12% 10.47% 11.26%
Net Working Capital to Revenue		 12.99% 15.51% 21.53% 16.45% 14.21% 26.80% 20.48% 20.45% 14.86% 10.22% 11.04%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.12 $2.63 $5.62 $1.31 $2.38 ($4.55) ($4.11) $2.04 $3.74 $4.95 $6.37
Adjusted Weighted Average Basic Shares Outstanding		 53.81M 53.96M 59.67M 59.88M 59.98M 60.09M 60.20M 60.02M 58.52M 57.13M 53.65M
Adjusted Diluted Earnings per Share		 $4.11 $2.62 $5.62 $1.31 $2.37 ($4.55) ($4.11) $2.03 $3.72 $4.91 $6.33
Adjusted Weighted Average Diluted Shares Outstanding		 53.81M 53.96M 59.67M 59.88M 59.98M 60.09M 60.20M 60.02M 58.52M 57.13M 53.65M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 53.81M 53.96M 59.67M 59.88M 59.98M 60.09M 60.20M 60.02M 58.52M 57.13M 53.65M
Normalized Net Operating Profit after Tax (NOPAT)		 239 155 143 165 203 98 54 137 250 358 371
Normalized NOPAT Margin		 11.12% 8.76% 6.44% 5.57% 7.15% 4.53% 2.39% 4.93% 8.09% 10.97% 11.02%
Pre Tax Income Margin		 16.84% 12.86% 3.30% 3.84% 6.69% -21.25% -12.93% 5.92% 9.51% 11.11% 14.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 20.28 13.84 4.39 3.44 4.39 -8.47 -5.84 4.70 6.66 8.38 11.18
NOPAT to Interest Expense		 12.80 8.77 18.75 2.30 3.26 -6.04 -4.25 3.22 4.88 6.42 8.08
EBIT Less CapEx to Interest Expense		 3.15 1.83 -1.34 -1.87 0.99 -11.15 -6.94 1.66 -0.57 1.82 6.14
NOPAT Less CapEx to Interest Expense		 -4.33 -3.24 13.02 -3.01 -0.15 -8.73 -5.35 0.18 -2.34 -0.14 3.04
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 5.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 105.76% 7.19% 0.00% 0.98% 0.00% 0.00% 0.00% 18.65% 50.61% 60.85% 99.66%

Quarterly Metrics And Ratios for Kirby

This table displays calculated financial ratios and metrics derived from Kirby's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 53,646,000.00 53,500,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 53,646,000.00 53,500,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.51 1.68
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.45% 7.67% 6.07% 8.68% 0.39% -2.77% 3.77% 4.81% 6.16% 7.44% 7.83%
EBITDA Growth		 30.21% 35.55% 29.98% 27.76% -21.35% 6.45% 9.56% 5.35% 69.99% 4.46% -2.09%
EBIT Growth		 51.13% 54.35% 39.54% 36.55% -43.28% 5.81% 10.58% 3.77% 152.49% 3.67% -5.32%
NOPAT Growth		 65.71% 69.64% 39.27% 35.03% -28.99% 3.58% 9.90% 0.12% 91.63% 4.25% -7.58%
Net Income Growth		 66.01% 72.12% 46.52% 42.90% -30.65% 9.09% 12.38% 3.01% 114.18% 6.63% -4.85%
EPS Growth		 67.74% 75.00% 50.53% 47.62% -28.85% 11.76% 16.78% 6.45% 127.03% 12.78% 0.00%
Operating Cash Flow Growth		 62.48% 648.11% -15.20% 114.49% 14.53% -70.36% -47.62% 10.18% 26.20% 167.23% -23.06%
Free Cash Flow Firm Growth		 -1,360.90% 147.55% -843.21% 212.31% 130.23% -543.70% 66.25% -205.89% -91.13% 201.33% 200.28%
Invested Capital Growth		 6.57% 1.27% 8.02% 0.88% -0.21% 4.20% 4.09% 3.68% 2.11% -0.44% 0.29%
Revenue Q/Q Growth		 4.50% 1.11% 2.03% 0.82% -3.47% -2.08% 8.88% 1.84% -2.23% -0.90% 9.28%
EBITDA Q/Q Growth		 1.17% 8.51% 12.12% 3.79% -37.71% 46.86% 15.39% -0.20% 0.50% -9.76% 8.17%
EBIT Q/Q Growth		 -0.58% 10.82% 17.93% 5.09% -58.70% 106.73% 23.25% -1.38% 0.48% -15.12% 12.55%
NOPAT Q/Q Growth		 -2.06% 9.69% 17.95% 6.56% -48.50% 60.00% 25.16% -2.92% -1.43% -12.96% 10.95%
Net Income Q/Q Growth		 -1.65% 12.84% 20.12% 7.20% -52.27% 77.50% 23.74% -1.74% -0.76% -11.63% 10.42%
EPS Q/Q Growth		 -0.95% 14.42% 20.17% 8.39% -52.26% 79.73% 25.56% -1.20% 1.82% -10.71% 11.33%
Operating Cash Flow Q/Q Growth		 124.35% -42.92% 45.45% 15.16% 19.80% -85.23% 157.03% 142.26% 37.22% -68.72% -25.99%
Free Cash Flow Firm Q/Q Growth		 -269.87% 112.42% -1,123.46% 125.24% -0.44% -272.51% 22.14% 20.81% 108.34% 1,871.41% -22.96%
Invested Capital Q/Q Growth		 -0.14% 0.68% 1.44% -0.85% -1.21% 4.88% 1.33% -1.24% -2.71% 2.26% 2.07%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.71% 31.85% 32.77% 33.58% 32.28% 34.79% 34.16% 33.37% 34.20% 33.83% 31.53%
EBITDA Margin		 19.69% 21.14% 23.23% 23.91% 15.43% 23.14% 24.52% 24.03% 24.70% 22.50% 22.27%
Operating Margin		 11.61% 12.56% 14.62% 15.27% 6.25% 13.43% 15.41% 14.83% 15.22% 12.76% 13.27%
EBIT Margin		 11.83% 12.97% 14.99% 15.63% 6.69% 14.11% 15.97% 15.47% 15.90% 13.62% 14.03%
Profit (Net Income) Margin		 7.75% 8.65% 10.19% 10.83% 5.36% 9.71% 11.03% 10.65% 10.80% 9.63% 9.74%
Tax Burden Percent		 76.07% 76.29% 75.82% 76.70% 99.99% 76.01% 76.16% 75.43% 74.10% 77.67% 75.84%
Interest Burden Percent		 86.13% 87.45% 89.63% 90.38% 80.12% 90.50% 90.68% 91.22% 91.71% 91.08% 91.52%
Effective Tax Rate		 23.93% 23.71% 24.18% 23.30% 0.01% 23.99% 23.84% 24.57% 25.90% 22.33% 24.16%
Return on Invested Capital (ROIC)		 6.52% 7.00% 8.36% 8.80% 4.73% 7.48% 8.56% 8.35% 8.71% 7.52% 7.65%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.72% 6.35% 7.66% 8.14% 4.04% 7.13% 8.04% 7.92% 8.30% 7.31% 7.40%
Return on Net Nonoperating Assets (RNNOA)		 1.96% 2.34% 2.52% 2.81% 1.29% 2.52% 2.82% 2.64% 2.44% 2.47% 2.53%
Return on Equity (ROE)		 8.49% 9.34% 10.88% 11.60% 6.02% 10.00% 11.37% 10.98% 11.15% 9.99% 10.18%
Cash Return on Invested Capital (CROIC)		 -0.30% 5.37% -0.36% 6.88% 7.52% 3.07% 3.28% 3.75% 6.50% 8.81% 7.78%
Operating Return on Assets (OROA)		 6.49% 7.20% 8.38% 8.83% 3.77% 7.76% 8.76% 8.59% 9.02% 7.68% 7.96%
Return on Assets (ROA)		 4.25% 4.80% 5.69% 6.12% 3.02% 5.34% 6.05% 5.91% 6.13% 5.44% 5.52%
Return on Common Equity (ROCE)		 8.48% 9.34% 10.87% 11.60% 6.02% 10.00% 11.37% 10.98% 11.14% 9.98% 10.18%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 7.84% 8.55% 9.26% 0.00% 8.82% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 71 77 91 97 50 80 100 97 96 84 93
NOPAT Margin		 8.84% 9.59% 11.08% 11.71% 6.25% 10.21% 11.74% 11.19% 11.28% 9.91% 10.06%
Net Nonoperating Expense Percent (NNEP)		 0.81% 0.65% 0.70% 0.66% 0.69% 0.34% 0.52% 0.43% 0.41% 0.20% 0.26%
Return On Investment Capital (ROIC_SIMPLE)		 1.63% - - - 1.15% 1.75% 2.16% 2.13% 2.15% 1.83% 2.00%
Cost of Revenue to Revenue		 70.29% 68.15% 67.23% 66.43% 67.72% 65.21% 65.84% 66.63% 65.80% 66.17% 68.47%
SG&A Expenses to Revenue		 10.55% 11.16% 9.75% 10.12% 10.27% 12.13% 10.04% 10.08% 10.26% 12.00% 9.62%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 18.10% 19.28% 18.15% 18.30% 26.03% 21.35% 18.75% 18.53% 18.98% 21.08% 18.26%
Earnings before Interest and Taxes (EBIT)		 95 105 124 130 54 111 137 135 135 115 129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 157 171 191 199 124 182 210 209 210 190 205
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.46 1.75 2.14 2.15 1.81 1.73 1.88 1.39 1.77 2.09 2.11
Price to Tangible Book Value (P/TBV)		 1.72 2.06 2.51 2.51 2.11 2.02 2.18 1.61 2.05 2.42 2.44
Price to Revenue (P/Rev)		 1.50 1.79 2.18 2.17 1.86 1.78 1.94 1.40 1.78 2.08 2.08
Price to Earnings (P/E)		 20.81 22.33 25.04 23.18 21.18 19.72 20.99 15.24 16.84 19.81 20.48
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.81% 4.48% 3.99% 4.31% 4.72% 5.07% 4.76% 6.56% 5.94% 5.05% 4.88%
Enterprise Value to Invested Capital (EV/IC)		 1.33 1.56 1.84 1.87 1.63 1.54 1.65 1.29 1.59 1.83 1.83
Enterprise Value to Revenue (EV/Rev)		 1.86 2.15 2.54 2.50 2.15 2.15 2.31 1.76 2.08 2.40 2.41
Enterprise Value to EBITDA (EV/EBITDA)		 9.82 10.71 12.03 11.35 10.25 10.01 10.58 8.03 8.60 10.03 10.34
Enterprise Value to EBIT (EV/EBIT)		 16.64 17.64 19.42 18.00 17.04 16.66 17.53 13.35 13.48 15.74 16.38
Enterprise Value to NOPAT (EV/NOPAT)		 22.68 23.64 26.07 24.20 22.24 21.89 23.09 17.79 18.66 21.76 22.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.66 10.44 13.21 11.24 9.28 10.40 12.93 9.61 10.42 11.23 11.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 29.21 0.00 27.27 21.62 51.25 51.29 34.89 24.64 20.67 23.61
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.37 0.37 0.34 0.31 0.37 0.37 0.36 0.32 0.33 0.35
Long-Term Debt to Equity		 0.36 0.37 0.36 0.34 0.30 0.37 0.37 0.36 0.32 0.33 0.34
Financial Leverage		 0.34 0.37 0.33 0.34 0.32 0.35 0.35 0.33 0.29 0.34 0.34
Leverage Ratio		 1.81 1.80 1.79 1.79 1.77 1.80 1.80 1.79 1.76 1.80 1.80
Compound Leverage Factor		 1.56 1.58 1.61 1.62 1.42 1.63 1.63 1.63 1.61 1.64 1.65
Debt to Total Capital		 26.61% 27.13% 26.76% 25.44% 23.38% 27.22% 27.10% 26.43% 24.35% 25.06% 25.65%
Short-Term Debt to Total Capital		 0.19% 0.20% 0.20% 0.18% 0.19% 0.16% 0.14% 0.16% 0.16% 0.13% 0.13%
Long-Term Debt to Total Capital		 26.42% 26.93% 26.56% 25.26% 23.19% 27.06% 26.96% 26.27% 24.19% 24.93% 25.52%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.03% 0.02% 0.03% 0.03% 0.03% 0.04% 0.04% 0.05% 0.05% 0.05% 0.05%
Common Equity to Total Capital		 73.36% 72.85% 73.21% 74.53% 76.59% 72.74% 72.87% 73.53% 75.59% 74.88% 74.30%
Debt to EBITDA		 1.97 1.90 1.77 1.57 1.49 1.79 1.76 1.67 1.34 1.39 1.46
Net Debt to EBITDA		 1.91 1.78 1.69 1.48 1.38 1.72 1.67 1.60 1.24 1.32 1.41
Long-Term Debt to EBITDA		 1.96 1.88 1.75 1.56 1.48 1.78 1.76 1.66 1.33 1.39 1.45
Debt to NOPAT		 4.55 4.19 3.83 3.35 3.24 3.91 3.85 3.69 2.91 3.03 3.21
Net Debt to NOPAT		 4.41 3.93 3.66 3.15 3.00 3.75 3.64 3.55 2.69 2.87 3.11
Long-Term Debt to NOPAT		 4.52 4.16 3.80 3.32 3.22 3.89 3.83 3.67 2.89 3.01 3.20
Altman Z-Score		 2.45 2.70 3.00 3.08 2.83 2.68 2.86 2.50 2.85 3.07 3.09
Noncontrolling Interest Sharing Ratio		 0.06% 0.05% 0.05% 0.04% 0.04% 0.04% 0.05% 0.05% 0.06% 0.06% 0.06%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.68 1.81 1.70 1.67 1.45 1.58 1.74 1.70 1.53 1.59 1.68
Quick Ratio		 0.90 1.02 0.95 0.94 0.83 0.87 1.02 0.98 0.88 0.92 1.04
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -196 23 -236 59 59 -102 -79 -63 5.25 103 80
Operating Cash Flow to CapEx		 176.28% 156.79% 218.90% 288.39% 274.55% 46.49% 156.60% 450.32% 703.84% 214.39% 107.01%
Free Cash Flow to Firm to Interest Expense		 -14.93 1.75 -18.37 4.76 5.55 -9.69 -6.24 -5.32 0.47 10.09 7.26
Operating Cash Flow to Interest Expense		 16.47 9.37 13.99 16.52 23.20 3.47 7.38 19.22 27.82 9.53 6.58
Operating Cash Flow Less CapEx to Interest Expense		 7.13 3.40 7.60 10.79 14.75 -3.99 2.67 14.95 23.87 5.08 0.43
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.55 0.55 0.56 0.56 0.56 0.55 0.55 0.56 0.57 0.56 0.57
Accounts Receivable Turnover		 5.25 5.16 5.52 5.63 5.86 5.70 5.35 5.48 6.23 5.92 5.17
Inventory Turnover		 4.76 4.75 4.63 4.72 5.19 4.91 4.98 5.13 5.60 5.31 5.54
Fixed Asset Turnover		 0.83 0.83 0.83 0.84 0.83 0.81 0.81 0.82 0.83 0.82 0.84
Accounts Payable Turnover		 7.97 8.29 8.04 8.75 8.45 8.29 8.40 9.33 9.43 8.45 9.33
Days Sales Outstanding (DSO)		 69.46 70.76 66.09 64.83 62.33 64.07 68.23 66.65 58.58 61.69 70.65
Days Inventory Outstanding (DIO)		 76.69 76.87 78.89 77.29 70.36 74.41 73.27 71.20 65.20 68.78 65.94
Days Payable Outstanding (DPO)		 45.82 44.03 45.38 41.70 43.19 44.05 43.45 39.13 38.70 43.17 39.13
Cash Conversion Cycle (CCC)		 100.33 103.61 99.61 100.42 89.50 94.43 98.05 98.72 85.09 87.30 97.45
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,320 4,339 4,401 4,364 4,311 4,521 4,581 4,524 4,402 4,501 4,594
Invested Capital Turnover		 0.74 0.73 0.75 0.75 0.76 0.73 0.73 0.75 0.77 0.76 0.76
Increase / (Decrease) in Invested Capital		 266 54 327 38 -9.05 182 180 160 91 -20 13
Enterprise Value (EV)		 5,760 6,757 8,120 8,150 7,020 6,966 7,556 5,820 6,981 8,216 8,426
Market Capitalization		 4,638 5,633 6,980 7,089 6,073 5,770 6,362 4,657 5,972 7,128 7,274
Book Value per Share		 $53.90 $55.16 $55.94 $57.04 $58.39 $58.22 $60.39 $60.24 $62.37 $63.64 $64.35
Tangible Book Value per Share		 $45.75 $46.93 $47.75 $48.83 $50.15 $49.98 $51.98 $51.82 $53.72 $54.94 $55.65
Total Capital		 4,342 4,414 4,455 4,431 4,376 4,572 4,650 4,571 4,472 4,559 4,633
Total Debt		 1,155 1,197 1,192 1,127 1,023 1,245 1,260 1,208 1,089 1,143 1,188
Total Long-Term Debt		 1,147 1,189 1,183 1,119 1,015 1,237 1,253 1,201 1,082 1,137 1,182
Net Debt		 1,120 1,122 1,139 1,060 946 1,194 1,191 1,161 1,007 1,085 1,149
Capital Expenditures (CapEx)		 123 79 82 72 90 79 60 51 44 46 68
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 435 459 437 407 268 360 444 436 300 373 471
Debt-free Net Working Capital (DFNWC)		 467 534 491 475 342 411 512 483 379 431 509
Net Working Capital (NWC)		 459 525 482 466 334 404 506 476 371 425 504
Net Nonoperating Expense (NNE)		 8.65 7.54 7.38 7.32 7.17 3.95 6.03 4.74 4.05 2.31 3.00
Net Nonoperating Obligations (NNO)		 1,133 1,122 1,139 1,060 958 1,194 1,191 1,161 1,019 1,085 1,149
Total Depreciation and Amortization (D&A)		 63 66 68 69 70 71 73 75 75 75 76
Debt-free, Cash-free Net Working Capital to Revenue		 14.07% 14.56% 13.69% 12.49% 8.19% 11.10% 13.55% 13.16% 8.92% 10.89% 13.48%
Debt-free Net Working Capital to Revenue		 15.12% 16.95% 15.36% 14.54% 10.47% 12.67% 15.64% 14.58% 11.26% 12.59% 14.60%
Net Working Capital to Revenue		 14.86% 16.67% 15.08% 14.29% 10.22% 12.45% 15.44% 14.36% 11.04% 12.41% 14.43%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.04 $1.20 $1.44 $1.56 $0.75 $1.33 $1.68 $1.66 $1.70 $1.51 $1.68
Adjusted Weighted Average Basic Shares Outstanding		 58.52M 58.30M 57.90M 57.40M 57.13M 56.10M 55.80M 54.20M 53.65M 53.50M 52.80M
Adjusted Diluted Earnings per Share		 $1.04 $1.19 $1.43 $1.55 $0.74 $1.33 $1.67 $1.65 $1.68 $1.50 $1.67
Adjusted Weighted Average Diluted Shares Outstanding		 58.52M 58.30M 57.90M 57.40M 57.13M 56.10M 55.80M 54.20M 53.65M 53.50M 52.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 58.52M 58.30M 57.90M 57.40M 57.13M 56.10M 55.80M 54.20M 53.65M 53.50M 52.80M
Normalized Net Operating Profit after Tax (NOPAT)		 70 77 91 96 50 80 99 95 96 83 92
Normalized NOPAT Margin		 8.76% 9.58% 11.03% 11.56% 6.25% 10.20% 11.59% 10.93% 11.28% 9.77% 10.00%
Pre Tax Income Margin		 10.19% 11.34% 13.44% 14.12% 5.36% 12.77% 14.49% 14.11% 14.58% 12.40% 12.84%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.21 7.97 9.64 10.39 5.03 10.52 10.74 11.39 12.07 11.22 11.79
NOPAT to Interest Expense		 5.38 5.89 7.13 7.79 4.70 7.61 7.89 8.23 8.56 8.16 8.45
EBIT Less CapEx to Interest Expense		 -2.13 1.99 3.25 4.66 -3.42 3.06 6.02 7.12 8.12 6.77 5.63
NOPAT Less CapEx to Interest Expense		 -3.96 -0.09 0.74 2.06 -3.75 0.15 3.18 3.97 4.61 3.72 2.30
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 50.61% 60.03% 57.62% 63.15% 60.85% 79.88% 73.04% 93.34% 99.66% 84.72% 93.83%

Financials Breakdown Chart

Key Financial Trends

Kirby Corp. (NYSE: KEX) showed solid top-line stability and improving profitability in Q1 2026, but the quarter also featured weaker operating cash flow and a meaningful cash drain from investing activity. Compared with the same quarter a year ago, revenue grew, margins improved, and the balance sheet remained manageable. However, cash generation was lower than the prior-year quarter, and the company continued to carry a fairly leveraged capital structure with significant long-term liabilities.

  • Revenue increased year over year. Q1 2026 revenue rose to $844.1 million from $785.7 million in Q1 2025, showing continued demand growth.
  • Gross profit improved meaningfully. Gross profit climbed to $285.6 million from $273.3 million a year earlier, helped by stronger sales and a relatively controlled cost structure.
  • Operating income margin held up well. Operating income was $107.7 million, up from $105.5 million in Q1 2025, suggesting the business is maintaining profitability as it grows.
  • Net income improved year over year. Net income attributable to common shareholders rose to $81.2 million from $76.0 million in Q1 2025.
  • EPS improved modestly. Diluted EPS came in at $1.50 versus $1.33 in the prior-year quarter, reflecting better earnings performance.
  • Retained earnings continued to grow. Retained earnings reached $3.41 billion, up from $3.24 billion at the end of Q3 2025, indicating ongoing accumulation of profits.
  • Current assets remain well above near-term obligations. Total current assets of $1.14 billion exceeded total current liabilities of $717.5 million, giving Kirby a reasonable short-term liquidity cushion.
  • Operating cash flow was positive, but weaker than last year. Q1 2026 operating cash flow was $97.7 million, down from $123.3 million in Q1 2025.
  • Cash declined during the quarter. Cash and equivalents fell to $58.0 million from $89.8 million at the end of Q4 2025, largely due to investing and financing activity.
  • Balance sheet asset mix remains heavy in hard assets. Net PP&E of $4.16 billion dominates the asset base, which is typical for an industrial/transportation business but limits flexibility.
  • Goodwill and intangibles are present but not excessive relative to assets. Goodwill totaled $438.7 million and intangibles $28.0 million, both manageable versus total assets of $6.12 billion.
  • Free cash flow was pressured by aggressive investing. Kirby spent $48.3 million on capex and $81.4 million on acquisitions in Q1 2026, driving net investing cash flow to negative $126.9 million.
  • Working capital was a drag on cash. Changes in operating assets and liabilities reduced operating cash flow by $69.5 million in the quarter.
  • Debt remains material. Total debt and lease obligations are still sizable, including $977.3 million of long-term debt and $159.4 million of capital lease obligations at Q1 2026.
  • Deferred tax liabilities are large. Noncurrent deferred and payable income tax liabilities were $835.4 million, a significant long-term obligation investors should keep in mind.
  • Financing activity included debt issuance and buybacks. The company issued $133.7 million of debt while repurchasing $52.7 million of stock, which supports shareholder returns but also adds balance-sheet pressure.

Bottom line: Kirby enters 2026 with a business that is still growing and producing healthy earnings, and year-over-year operating performance looks respectable. The key watch item is cash flow: earnings are improving, but investing activity and working-capital needs are consuming cash. For retail investors, that means the stock’s longer-term story still looks tied to disciplined capital allocation, freight/industrial demand, and whether management can keep margins and cash generation moving in the right direction.

08/12/26 05:12 PM ETAI Generated. May Contain Errors.

Kirby Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kirby's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Kirby's net income appears to be on an upward trend, with a most recent value of $355.42 million in 2025, rising from $227.97 million in 2015. The previous period was $286.90 million in 2024. Find out what analysts predict for Kirby in the coming months.

Kirby's total operating income in 2025 was $496.28 million, based on the following breakdown:
  • Total Gross Profit: $1.15 billion
  • Total Operating Expenses: $651.27 million

Over the last 10 years, Kirby's total revenue changed from $2.15 billion in 2015 to $3.36 billion in 2025, a change of 56.6%.

Kirby's total liabilities were at $2.63 billion at the end of 2025, a 5.1% increase from 2024, and a 40.2% increase since 2015.

In the past 10 years, Kirby's cash and equivalents has ranged from $5.63 million in 2016 to $80.58 million in 2022, and is currently $78.78 million as of their latest financial filing in 2025.

Over the last 10 years, Kirby's book value per share changed from 42.01 in 2015 to 62.37 in 2025, a change of 48.5%.


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Financial statements for NYSE:KEX last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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