Friday 6 November 2026
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Kirby Corporation
KEX Industrials Marine Shipping
Kirby Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 3.01% from fiscal 2024.
- Revenue
- +12.2%
- EPS
- +26.8%
- Free cash flow
- −78.1%
- Total debt
- −7.19%
Quarter to September 2026, against a year earlier
119.08
9.04
−7.06%
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Kirby Corporation (KEX) revenue by segment, product and region
Where the money comes from and where it goes
| Marine Transportation | 1,935 | 57.53% |
|---|---|---|
| Distribution and Services | 1,429 | 42.47% |
| Gross margin | 34.11% | |
| Operating margin | 14.75% | |
| Pre-tax margin | 14.01% |
Revenue by segment $m
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Marine Transportation | 1,935 57.53% | 1,913 58.58% | 1,722 55.70% | 1,617 58.06% | 1,323 58.88% | 1,404 64.67% | 1,587 55.91% | 1,483 49.93% | 1,324 59.79% | 1,472 83.13% | 1,663 77.44% |
| Distribution and Services | 1,429 42.47% | 1,353 41.42% | 1,370 44.30% | 1,168 41.94% | 924 41.12% | 767 35.33% | 1,251 44.09% | 1,488 50.07% | 890 40.21% | 299 16.87% | 484 22.56% |
| Revenue | 3,364 | 3,266 | 3,092 | 2,785 | 2,247 | 2,171 | 2,838 | 2,971 | 2,214 | 1,771 | 2,148 |
Operating figures as reported in each quarter’s results release or filing
| Figure | Quarter | Latest | A year before | Change |
|---|---|---|---|---|
| Active coastal tank barges | Q3 FY2026 | 27.00 | 28.00 | −3.57% |
| Active inland tank barges | Q3 FY2026 | 1.1K | 1.1K | +3.89% |
| Active offshore dry-cargo barges | Q3 FY2026 | 2.00 | 2.00 | 0.00% |
| Average cost per gallon of fuel consumed | Q3 FY2026 | $3.91 | $2.46 | +58.94% |
| Coastal tank barge barrel capacity | Q3 FY2026 | 2.9M | 2.9M | 0.00% |
| Inland delay days | Q3 FY2026 | 1.8K | 1.4K | +25.45% |
| Inland tank barge barrel capacity | Q3 FY2026 | 25.7M | 24.5M | +4.90% |
| Inland ton miles | Q3 FY2026 | 4.2B | 3.5B | +19.62% |
| Inland towboats operated (average) | Q3 FY2026 | 294.00 | 270.00 | +8.89% |
| Revenue/ton mile | Q3 FY2026 | 11.00 | 10.80 | +1.85% |