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Kirby Corporation

KEXIndustrialsNASDAQ

Marine Shipping

PriceMA150MA200
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Financials · Annual
Revenue
$3.36B
+3.0% YoY
Net Income
$354.6M
+23.7% YoY
EBITDA
$781.9M
+19.9% YoY
Free Cash Flow
$355.0M

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About Kirby Corporation

Headquartered within the industrials sector, Kirby Corporation focuses on Marine Shipping services and products. Kirby Corporation operates domestic tank barges in the United States. The $7.67B market capitalization puts KEX squarely in mid-cap range for its industry. 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.

Key stats
Market Cap$7.67B
P/E (TTM)22.06
Fwd P/E17.32
EPS$6.50
Beta0.85
52W Change+28.7%
ROE10.7%
Analysis

On the balance sheet, KEX has $58.0M in cash with $1.19B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $355.0M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 10.7%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.3% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $2.78B (2022) to $3.36B (2025), reflecting a 21% increase over the period.

Kirby Corporation carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Kirby Corporation's trajectory.

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