(KEX) Kirby - Overview
Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 7.665m USD | Total Return: 29.3% in 12m
Avg Turnover: 94.8M
EPS Trend: 96.2%
Qual. Beats: 1
Rev. Trend: 96.8%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader
Kirby Corporation (NYSE: KEX) is the premier provider of marine transportation services in the United States, specializing in the movement of bulk liquid products via tank barges. The company operates across the Mississippi River System, the Gulf Intracoastal Waterway, and all three U.S. coasts, transporting petrochemicals, refined petroleum products, and agricultural chemicals. As a dominant player in the inland market, Kirby utilizes the Jones Act framework, which requires vessels transporting goods between U.S. ports to be built, owned, and manned by United States citizens.
Beyond its core marine operations, Kirby maintains a Distribution and Services segment that provides aftermarket parts and repair services for heavy-duty engines and oilfield equipment. This segment supports diverse industries, including power generation, marine propulsion, and on-highway transportation, while also manufacturing specialized electrical distribution systems and energy storage units. The dual-segment model allows the company to capitalize on both long-term infrastructure demand in shipping and cyclical maintenance cycles in the industrial and energy sectors.
Investors can find more detailed financial metrics and valuation models for this company on ValueRay.
- Inland tank barge utilization rates and pricing power drive marine segment margins
- Jones Act compliance limits foreign competition and maintains domestic market share dominance
- Demand for petrochemical and refined product shipments correlates with Gulf Coast refinery output
- Distribution and Services segment profitability depends on oilfield activity and pressure pumping demand
- Fluctuating fuel costs and labor availability impact operational expenses and bottom-line performance
| Net Income: 349.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 7.38 > 0.02 and ΔFCF/TA 735.1 > 1.0 |
| NWC/Revenue: -19.31% < 20% (prev 12.45%; Δ -31.76% < -1%) |
| CFO/TA 12.60 > 3% & CFO 731.2m > Net Income 349.2m |
| Net Debt (1.45b) to EBITDA (752.9m): 1.92 < 3 |
| Current Ratio: 0.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.0m) vs 12m ago -5.76% < -2% |
| Gross Margin: 25.92% > 18% (prev 0.26%; Δ 2.57k% > 0.5%) |
| Asset Turnover: 112.5% > 50% (prev 53.93%; Δ 58.54% > 0%) |
| Interest Coverage Ratio: 10.74 > 6 (EBITDA TTM 752.9m / Interest Expense TTM 45.1m) |
| A: -11.37 (Total Current Assets 58.0m - Total Current Liabilities 717.5m) / Total Assets 58.0m |
| B: 58.85 (Retained Earnings 3.41b / Total Assets 58.0m) |
| C: 0.16 (EBIT TTM 483.9m / Avg Total Assets 3.04b) |
| D: 1.29 (Book Value of Equity 3.41b / Total Liabilities 2.65b) |
| Altman-Z'' = 119.7 = AAA |
| DSRI: 0.92 (Receivables 536.4m/553.6m, Revenue 3.41b/3.24b) |
| GMI: 0.99 (GM 25.92% / 25.75%) |
| AQI: -744.0 (AQ_t -74.85 / AQ_t-1 0.10) |
| SGI: 1.05 (Revenue 3.41b / 3.24b) |
| TATA: -6.58 (NI 349.2m - CFO 731.2m) / TA 58.0m) |
| Beneish M = -451.6 (Cap -4..+1) = AAA |
As of May 26, 2026, the stock is trading at USD 143.34 with a total of 442,900 shares traded.
Over the past week, the price has changed by -1.62%,
over one month by -5.93%,
over three months by +10.16% and
over the past year by +29.26%.
Kirby has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy KEX.
- StrongBuy: 5
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 166.3 | 16% |
P/E Trailing = 22.0863
P/E Forward = 20.7469
P/S = 2.2395
P/B = 2.2806
P/EG = 2.6273
Revenue TTM = 3.41b USD
EBIT TTM = 483.9m USD
EBITDA TTM = 752.9m USD
Long Term Debt = 977.3m USD (from longTermDebt, last quarter)
Short Term Debt = 6.09m USD (from shortLongTermDebt, last quarter)
Debt = 1.51b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 201.6m
Net Debt = 1.45b USD (calculated: Debt 1.51b - CCE 58.0m)
Enterprise Value = 9.11b USD (7.66b + Debt 1.51b - CCE 58.0m)
Interest Coverage Ratio = 10.74 (Ebit TTM 483.9m / Interest Expense TTM 45.1m)
EV/FCF = 21.27x (Enterprise Value 9.11b / FCF TTM 428.4m)
FCF Yield = 4.70% (FCF TTM 428.4m / Enterprise Value 9.11b)
FCF Margin = 12.55% (FCF TTM 428.4m / Revenue TTM 3.41b)
Net Margin = 10.23% (Net Income TTM 349.2m / Revenue TTM 3.41b)
Gross Margin = 25.92% ((Revenue TTM 3.41b - Cost of Revenue TTM 2.53b) / Revenue TTM)
Gross Margin QoQ = 25.75% (prev 25.75%)
Tobins Q-Ratio = 157.1 (set to none) (Enterprise Value 9.11b / Total Assets 58.0m)
Interest Expense / Debt = 2.99% (Interest Expense 45.1m / Debt 1.51b)
Taxrate = 22.33% (23.4m / 104.7m)
NOPAT = 375.8m (EBIT 483.9m * (1 - 22.33%))
Current Ratio = 0.06 (Total Current Assets 58.0m / Total Current Liabilities 980.6m)
Debt / Equity = 0.44 (Debt 1.51b / totalStockholderEquity, last quarter 3.42b)
Debt / EBITDA = 1.92 (Net Debt 1.45b / EBITDA 752.9m)
Debt / FCF = 3.38 (Net Debt 1.45b / FCF TTM 428.4m)
Total Stockholder Equity = 3.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.50% (Net Income 349.2m / Total Assets 58.0m)
RoE = 10.28% (Net Income TTM 349.2m / Total Stockholder Equity 3.40b)
RoCE = 11.07% (EBIT 483.9m / Capital Employed (Equity 3.40b + L.T.Debt 977.3m))
RoIC = -56.57% (NOPAT 375.8m / Invested Capital -664.3m)
WACC = 8.43% (E(7.66b)/V(9.17b) * Re(9.63%) + D(1.51b)/V(9.17b) * Rd(2.99%) * (1-Tc(0.22)))
Discount Rate = 9.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.88 | Cagr: -4.09%
[DCF] Terminal Value 77.71% ; FCFF base≈336.8m ; Y1≈386.1m ; Y5≈568.2m
[DCF] Fair Price = 130.6 (EV 8.43b - Net Debt 1.45b = Equity 6.98b / Shares 53.5m; r=8.43% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 96.19 | EPS CAGR: 32.04% | SUE: 1.80 | # QB: 1
Revenue Correlation: 96.79 | Revenue CAGR: 4.40% | SUE: 0.68 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.62 | Chg30d=-4.68% | Revisions=-20% | Analysts=6
EPS next Quarter (2026-09-30): EPS=1.94 | Chg30d=+6.26% | Revisions=+56% | Analysts=6
EPS current Year (2026-12-31): EPS=7.01 | Chg30d=+3.66% | Revisions=+60% | GrowthEPS=+10.8% | GrowthRev=+4.0%
EPS next Year (2027-12-31): EPS=8.27 | Chg30d=+1.39% | Revisions=+56% | GrowthEPS=+17.9% | GrowthRev=+6.6%
[Analyst] Revisions Ratio: +60%