Kirby Corporation (KEX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KEX SEC filings page.
Kirby Corporation (KEX) reported $3.5B in revenue over the twelve months to Jun 30, 2026, up 6.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Kirby’s numbers describe a capital-intensive operator that turned post-2021 recovery into lower leverage and substantial cash generation.
Operating margin moved from-11.5% in FY2021 to14.8% in FY2025, indicating the recovery improved operating economics rather than merely restoring sales. Revenue reached$3.4B while net margin was10.5% , showing that the recovery reached the bottom line, not just the top line.
Cash conversion is healthy but investment-heavy: FY2025 operating cash flow was
Debt-to-equity fell from 0.4x in FY2021 to 0.3x in FY2025, so growth was financed with a lower relative debt burden rather than escalating leverage. The 1.5x current ratio is below FY2021’s 1.8x, indicating less short-term balance-sheet slack even though liabilities remain below assets.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Kirby Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Kirby Corporation has an operating margin of 14.8%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 60/100, indicating healthy but not exceptional operating efficiency. This is up from 12.2% the prior year.
Kirby Corporation's revenue grew a modest 3.0% year-over-year to $3.4B. This slow but positive growth earns a score of 47/100.
Kirby Corporation has a moderate D/E ratio of 0.27. This balance of debt and equity financing earns a leverage score of 45/100.
Kirby Corporation's current ratio of 1.53 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
Kirby Corporation converts 12.1% of revenue into free cash flow ($405.7M). This strong cash generation earns a score of 68/100.
Kirby Corporation's ROE of 10.5% shows moderate profitability relative to equity, earning a score of 51/100. This is up from 8.6% the prior year.
Kirby Corporation scores 3.33, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Kirby Corporation passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Kirby Corporation generates $1.89 in operating cash flow ($670.2M OCF vs $354.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Kirby Corporation earns $10.71 in operating income for every $1 of interest expense ($496.3M vs $46.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Kirby Corporation generated $922.4M in revenue in Q2 2026. This represents an increase of 7.8% from the same quarter a year earlier. Against the prior quarter it is up 9.3%.
Kirby Corporation's EBITDA was $192.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.4% from the same quarter a year earlier. Against the prior quarter it is up 9.6%.
Kirby Corporation reported $89.7M in net income in Q2 2026. This represents a decrease of 4.8% from the same quarter a year earlier. Against the prior quarter it is up 10.5%.
Kirby Corporation earned $1.67 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 11.3%.
Cash & Balance Sheet
Kirby Corporation generated $758K in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 96.6% from the same quarter a year earlier. Against the prior quarter it is down 98.5%.
Kirby Corporation held $39.0M in cash against $1.0B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Kirby Corporation's operating margin was 13.3% in Q2 2026, reflecting core business profitability. This is down 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.
Kirby Corporation's net profit margin was 9.7% in Q2 2026, showing the share of revenue converted to profit. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Kirby Corporation's ROE was 2.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
Not reported for Q2 2026.
Capital Allocation
Kirby Corporation spent $59.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 91.4% from the same quarter a year earlier. Against the prior quarter it is up 13.4%.
Kirby Corporation invested $71.5M in capex in Q2 2026, funding long-term assets and infrastructure. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 48.2%.
Not reported for Q2 2026.
KEX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $922.4M+7.8% | $844.1M+7.4% | $851.8M+6.2% | $871.2M+4.8% | $855.5M+3.8% | $785.7M-2.8% | $802.3M+0.4% | $831.1M+8.7% |
| SG&A Expenses | $88.7M+3.3% | $101.3M+6.3% | $87.4M+6.0% | $87.8M+4.4% | $85.8M+6.8% | $95.3M+5.6% | $82.4M-2.3% | $84.1M+6.3% |
| Operating Income | $122.4M-7.2% | $107.7M+2.0% | $129.7M+158.6% | $129.2M+1.8% | $131.8M+9.4% | $105.5M+4.0% | $50.1M-46.0% | $126.9M+35.7% |
| EBITDA | $192.7M-2.4% | $175.9M+3.9% | $197.5M+75.3% | $196.1M+4.5% | $197.5M+9.7% | $169.3M+6.4% | $112.7M-23.7% | $187.6M+27.6% |
| Interest Expense | $11.0M-13.8% | $10.3M-2.7% | $11.2M+5.3% | $11.8M-5.3% | $12.7M-0.7% | $10.5M-19.9% | $10.7M-18.7% | $12.5M-6.6% |
| Income Tax | $28.6M-3.2% | $23.4M-2.9% | $32.2M+536133.3% | $30.2M+10.4% | $29.6M+10.3% | $24.1M+10.8% | $6K-100.0% | $27.4M+46.1% |
| Net Income | $89.7M-4.8% | $81.2M+6.9% | $91.8M+114.4% | $92.5M+2.8% | $94.3M+12.4% | $76.0M+8.4% | $42.8M-30.8% | $90.0M+42.9% |
| EPS (Basic) | $1.680.0% | $1.51+13.5% | $1.70+126.7% | $1.66+6.4% | $1.68+16.7% | $1.33+10.8% | $0.75-27.9% | $1.56+47.2% |
| EPS (Diluted) | $1.670.0% | $1.50+12.8% | $1.69+128.4% | $1.65+6.5% | $1.67+16.8% | $1.33+11.8% | $0.74-28.8% | $1.55+47.6% |
| Diluted Shares (Avg) | 54M-4.9% | 54M-5.8% | N/A | 56M-3.8% | 56M-3.7% | 57M-2.6% | N/A | 58M-2.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
KEX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.2B+2.3% | $6.1B+1.7% | $6.0B+2.7% | $6.1B+3.3% | $6.1B+3.6% | $6.0B+4.1% | $5.9B+2.3% | $5.9B+3.3% |
| Current Assets | $1.2B+4.6% | $1.1B+3.6% | $1.1B+0.9% | $1.2B-0.4% | $1.2B+1.6% | $1.1B-6.2% | $1.1B-5.9% | $1.2B-2.6% |
| Cash & Equivalents | $39.0M-43.0% | $58.0M+13.6% | $78.8M+5.8% | $47.0M-29.9% | $68.4M+27.7% | $51.1M-32.1% | $74.4M+128.5% | $67.1M+59.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $415.9M-2.4% | $418.1M-3.8% | $398.0M+1.0% | $424.0M-2.3% | $426.3M-4.3% | $434.7M-2.7% | $393.9M-13.3% | $434.2M-14.1% |
| Accounts Receivable | $641.6M+13.7% | $536.4M+6.1% | $473.5M-3.3% | $524.1M-3.4% | $564.2M+2.6% | $505.6M-4.4% | $489.9M-7.0% | $542.5M+5.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $438.7M0.0% | $438.7M0.0% | $438.7M0.0% | $438.7M0.0% | $438.7M0.0% | $438.7M0.0% | $438.7M0.0% | $438.7M0.0% |
| Total Liabilities | $2.8B+3.2% | $2.7B+0.6% | $2.6B+5.1% | $2.7B+5.2% | $2.7B+3.4% | $2.7B+5.0% | $2.5B-1.4% | $2.6B+1.7% |
| Current Liabilities | $736.1M+8.3% | $717.5M+2.7% | $706.5M-3.8% | $683.8M-2.0% | $679.5M-0.8% | $698.6M+7.4% | $734.8M+8.7% | $698.0M+9.8% |
| Non-Current Liabilities | $2.0B+1.4% | $2.0B-0.2% | $1.9B+8.8% | $2.0B+7.9% | $2.0B+4.8% | $2.0B+4.2% | $1.8B-5.1% | $1.9B-1.0% |
| Long-Term Debt | $1.0B-7.2% | $977.3M-10.4% | $911.9M+5.2% | $1.0B+7.3% | $1.1B+6.9% | $1.1B+3.7% | $866.7M-14.1% | $970.4M-8.3% |
| Total Equity | $3.4B+1.6% | $3.4B+2.7% | $3.4B+0.9% | $3.4B+1.8% | $3.4B+3.9% | $3.3B+3.4% | $3.4B+5.2% | $3.3B+4.6% |
| Retained Earnings | $3.5B+11.3% | $3.4B+11.8% | $3.3B+11.9% | $3.2B+10.4% | $3.1B+10.6% | $3.1B+10.6% | $3.0B+10.7% | $2.9B+11.6% |
KEX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $72.3M-23.1% | $97.7M+167.2% | $312.2M+26.2% | $227.5M+10.2% | $93.9M-47.6% | $36.5M-70.4% | $247.4M+14.5% | $206.5M+114.5% |
| Depreciation & Amortization | $70.4M+7.1% | $68.2M+7.1% | $67.9M+8.5% | $66.9M+10.3% | $65.7M+10.4% | $63.7M+10.6% | $62.5M+13.9% | $60.7M+13.5% |
| Stock-Based Compensation | $2.3M-30.6% | $10.1M+29.3% | N/A | $3.4M-0.5% | $3.3M+10.3% | $7.8M+22.5% | N/A | $3.4M+1.2% |
| Capital Expenditures | $71.5M0.0% | $48.3M-38.7% | $47.0M-51.3% | $67.3M-11.9% | $71.5M-19.3% | $78.7M-2.9% | $96.7M-23.7% | $76.4M-26.4% |
| Free Cash Flow | $758K-96.6% | $49.4M+217.2% | $265.2M+75.9% | $160.3M+23.2% | $22.4M-75.3% | -$42.1M-199.8% | $150.7M+68.9% | $130.1M+1848.9% |
| Investing Cash Flow | -$81.9M-30.1% | -$126.9M+27.8% | -$53.6M+47.8% | -$59.7M+16.6% | -$63.0M+57.2% | -$175.9M-123.6% | -$102.7M+16.2% | -$71.6M+48.8% |
| Financing Cash Flow | -$9.4M+31.2% | $8.5M-92.6% | -$226.8M-65.2% | -$189.2M-55.9% | -$13.6M+74.7% | $115.9M+5857.1% | -$137.3M-33.3% | -$121.4M-347.0% |
| Share Buybacks | $59.7M+91.4% | $52.7M-48.1% | $101.6M+205.0% | $120.0M+115.0% | $31.2M-28.6% | $101.5M+142.8% | $33.3M-35.8% | $55.8M+139.4% |
Not reported in any period shown, so not listed: Dividends Paid.
KEX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 13.3%-2.1pp | 12.8%-0.7pp | 15.2%+9.0pp | 14.8%-0.4pp | 15.4%+0.8pp | 13.4%+0.9pp | 6.3%-5.4pp | 15.3%+3.0pp |
| Net Margin | 9.7%-1.3pp | 9.6%-0.1pp | 10.8%+5.4pp | 10.6%-0.2pp | 11.0%+0.9pp | 9.7%+1.0pp | 5.3%-2.4pp | 10.8%+2.6pp |
| Return on Equity | 2.6%-0.2pp | 2.4%+0.1pp | 2.7%+1.4pp | 2.8%0.0pp | 2.8%+0.2pp | 2.3%+0.1pp | 1.3%-0.7pp | 2.7%+0.7pp |
| Return on Assets | 1.4%-0.1pp | 1.3%+0.1pp | 1.5%+0.8pp | 1.5%0.0pp | 1.6%+0.1pp | 1.3%+0.1pp | 0.7%-0.4pp | 1.5%+0.4pp |
| Current Ratio | 1.68-0.1x | 1.590.0x | 1.53+0.1x | 1.700.0x | 1.740.0x | 1.58-0.2x | 1.45-0.2x | 1.67-0.2x |
| Debt-to-Equity | 0.300.0x | 0.290.0x | 0.270.0x | 0.310.0x | 0.330.0x | 0.330.0x | 0.26-0.1x | 0.290.0x |
| Asset Turnover | 0.150.0x | 0.140.0x | 0.140.0x | 0.140.0x | 0.140.0x | 0.130.0x | 0.140.0x | 0.140.0x |
| FCF Margin | 0.1%-2.5pp | 5.9%+11.2pp | 31.1%+12.4pp | 18.4%+2.7pp | 2.6%-8.4pp | -5.4%-10.6pp | 18.8%+7.6pp | 15.7%+16.6pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Kirby Corporation KEX | FY2025 | $3.4B | $354.6M | 10.5% | $7.2B | 52/100 |
| Matsons, Inc. MATX | FY2025 | $3.3B | $444.8M | 13.3% | $7.0B | 55/100 |
| Hafnia Limited HAFN | FY2025 | $1.4B | $339.7M | 23.9% | $5.4B | 33/100 |
| BW LPG Limited BWLP | FY2025 | N/A | $289.7M | N/A | $3.7B | — |
| Star Bulk Carriers Corp. SBLK | FY2025 | $1.0B | $84.2M | 8.1% | $3.2B | 64/100 |
| Danaos Corporation DAC | FY2025 | $1.0B | $494.6M | 47.4% | $2.9B | 65/100 |
Where Kirby Corporation Ranks
Frequently Asked Questions
What is Kirby Corporation's annual revenue?
Kirby Corporation (KEX) reported $3.4B in total revenue for fiscal year 2025. This represents a 3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Kirby Corporation's revenue growing?
Kirby Corporation (KEX) revenue grew by 3.0% year-over-year, from $3.3B to $3.4B in fiscal year 2025.
Is Kirby Corporation profitable?
Yes, Kirby Corporation (KEX) reported a net income of $354.6M in fiscal year 2025, with a net profit margin of 10.5%.
What is Kirby Corporation's EBITDA?
Kirby Corporation (KEX) had EBITDA of $760.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Kirby Corporation have?
As of fiscal year 2025, Kirby Corporation (KEX) had $78.8M in cash and equivalents against $911.9M in long-term debt.
What is Kirby Corporation's operating margin?
Kirby Corporation (KEX) had an operating margin of 14.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Kirby Corporation's net profit margin?
Kirby Corporation (KEX) had a net profit margin of 10.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Kirby Corporation's return on equity (ROE)?
Kirby Corporation (KEX) has a return on equity of 10.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Kirby Corporation's free cash flow?
Kirby Corporation (KEX) generated $405.7M in free cash flow during fiscal year 2025. This represents a -2.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Kirby Corporation's operating cash flow?
Kirby Corporation (KEX) generated $670.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Kirby Corporation's total assets?
Kirby Corporation (KEX) had $6.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Kirby Corporation's capital expenditures?
Kirby Corporation (KEX) invested $264.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Kirby Corporation's current ratio?
Kirby Corporation (KEX) had a current ratio of 1.53 as of fiscal year 2025, which is generally considered healthy.
What is Kirby Corporation's debt-to-equity ratio?
Kirby Corporation (KEX) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kirby Corporation's return on assets (ROA)?
Kirby Corporation (KEX) had a return on assets of 5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Kirby Corporation's P/E ratio?
Kirby Corporation (KEX) trades at 20.3x earnings, its market capitalization divided by net income of $355.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.2B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kirby Corporation's price-to-sales ratio?
Kirby Corporation (KEX) trades at 2.1x sales, its market capitalization divided by revenue of $3.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.2B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Kirby Corporation's Altman Z-Score?
Kirby Corporation (KEX) has an Altman Z-Score of 3.33, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Kirby Corporation's Piotroski F-Score?
Kirby Corporation (KEX) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kirby Corporation's earnings high quality?
Kirby Corporation (KEX) has an earnings quality ratio of 1.89x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Kirby Corporation cover its interest payments?
Kirby Corporation (KEX) has an interest coverage ratio of 10.71x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Kirby Corporation?
Kirby Corporation (KEX) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.