Industrials · Marine Shipping
Price
$137.10
Market Cap
$7.3B
Employees
5,414
Beta
0.83
Avg Volume
644,132
CEO
David W. Grzebinski
Business Description
Kirby Corporation is a leading operator of domestic tank barges within the United States. Its Marine Transportation division specializes in moving bulk liquid products, providing comprehensive marine transport and towing services. These operations cover an extensive network, including the Mississippi River System, the Gulf Intracoastal Waterway, all three U.S. coastlines, and extend to Alaska and Hawaii. The company transports a wide array of materials, such as petrochemicals, various black and refined petroleum products, and agricultural chemicals, primarily via tank barge. This segment also manages offshore dry-bulk barges and their accompanying tugboat units, facilitating the coastal transport of dry-bulk commodities across the U.S. As of December 31, 2021, Kirby's substantial fleet consisted of 1,025 inland tank barges, approximately 255 inland towboats, 31 coastal tank barges, 29 coastal tugboats, 4 offshore dry-bulk cargo barges, 4 offshore tugboats, and a single docking tugboat. The Distribution and Services segment focuses on providing critical support and equipment solutions. This includes selling aftermarket services and authentic replacement parts for a diverse range of machinery, such as engines, transmissions, reduction gears, electric motors, drives, controls, electrical distribution and control systems, energy storage battery systems, and related oilfield service equipment. A key offering is the rebuilding of essential components like diesel engines, transmissions, and reduction gears, along with other related equipment used across various sectors including oilfield services, marine, power generation, on-highway transportation, and other industrial applications. Additionally, this division rents out vital equipment, including generators, industrial compressors, high-capacity lift trucks, and refrigeration trailers. Kirby further extends its capabilities by manufacturing and remanufacturing oilfield service equipment, notably pressure pumping units, as well as producing electric power generation equipment, specialized electrical distribution and control systems, and robust energy storage/battery systems tailored for oilfield clients. Kirby Corporation serves a broad clientele, encompassing both various private businesses and the United States government. Established in 1921, the company was initially known as Kirby Exploration Company, Inc., before its renaming to Kirby Corporation in 1990. Its corporate headquarters are located in Houston, Texas.
Business History
Price Overview
Last updated: Jun 27, 2026 9:00am (just now)$136.78
-1.77 (-1.28%)
Day Range
$135.40 – $138.09
52-Week Range
$79.52 – $157.69
50-Day MA
$143.95
200-Day MA
$120.52
Volume
332,980.00
Analyst Price Targets
Low
$136.00
Consensus
$151.33
High
$160.00
(9 analysts)
Share Structure
Outstanding
53,500,000.00
Float
53,044,608.00
Free Float
99.1%
High free float
— 99.1% of shares trade freely, ~0.9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
20.40
Stock Price: $137.10
EPS (Diluted): 6.37
EPS (Diluted): 6.37
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.82
Stock Price: $137.10
Total Equity: $3.38B
Shares: 56,045,000
Total Equity: $3.38B
Shares: 56,045,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
10.68
Market Cap: $7.33B
Total Debt: $1.13B
Cash: $78.78M
EBITDA: $781.86M
Total Debt: $1.13B
Cash: $78.78M
EBITDA: $781.86M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$7.4B
Market Cap: $7.33B
Total Debt: $1.13B
Cash: $78.78M
Total Debt: $1.13B
Cash: $78.78M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
26.3%
Gross Profit: $883.42M
Revenue: $3.36B
Revenue: $3.36B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
14.6%
Operating Income: $491.50M
Revenue: $3.36B
Revenue: $3.36B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
10.5%
Net Income: $354.57M
Revenue: $3.36B
Revenue: $3.36B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
10.6%
Net Income: $354.57M
Total Equity: $3.38B
Total Equity: $3.38B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
6.8%
Operating Income: $491.50M
Tax Rate: 24.6%
Equity: $3.38B
Total Debt: $1.13B
Cash: $78.78M
Tax Rate: 24.6%
Equity: $3.38B
Total Debt: $1.13B
Cash: $78.78M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.53
Current Assets: $1.08B
Current Liabilities: $706.52M
Current Liabilities: $706.52M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.34
Short-Term Debt: $53.12M
Long-Term Debt: $1.08B
Total Debt: $1.13B
Total Equity: $3.38B
Long-Term Debt: $1.08B
Total Debt: $1.13B
Total Equity: $3.38B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$60.02
Revenue: $3.36B
Shares: 56,045,000
Shares: 56,045,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$60.32
Total Equity: $3.38B
Shares: 56,045,000
Shares: 56,045,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$7.24
Operating CF: $670.20M
CapEx: -$264.47M
Shares: 56,045,000
CapEx: -$264.47M
Shares: 56,045,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $137.10
Stock Price: $137.10
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $354.57M
Net Income: $354.57M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares KEX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:49pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.8B | $3.1B | $3.3B | $3.4B |
| Cost of Revenue | $1.9B | $2.3B | $2.4B | $2.4B | $2.5B |
| Gross Profit | $380.0M | $522.4M | $700.1M | $825.2M | $883.4M |
| Operating Expenses | $638.1M | $329.5M | $365.0M | $426.1M | $391.9M |
| Operating Income | -$258.1M | $192.9M | $335.1M | $399.1M | $491.5M |
| Net Income | -$247.0M | $122.3M | $222.9M | $286.7M | $354.6M |
| EBITDA | -$34.4M | $411.0M | $557.3M | $652.2M | $781.9M |
| EPS | $-4.11 | $2.04 | $3.74 | $4.95 | $6.37 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:49pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $34.8M | $80.6M | $32.6M | $74.4M | $78.8M |
| Total Current Assets | $1.0B | $1.2B | $1.1B | $1.1B | $1.1B |
| Total Assets | $5.4B | $5.6B | $5.7B | $5.9B | $6.0B |
| Current Liabilities | $543.8M | $642.2M | $675.8M | $734.8M | $706.5M |
| Long-Term Debt | $1.2B | $1.1B | $1.0B | $866.7M | $1.1B |
| Total Liabilities | $2.5B | $2.5B | $2.5B | $2.5B | $2.7B |
| Total Equity | $2.9B | $3.0B | $3.2B | $3.4B | $3.4B |
| Retained Earnings | $2.3B | $2.5B | $2.7B | $3.0B | $3.3B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:49pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $321.6M | $294.1M | $540.2M | $756.5M | $670.2M |
| Capital Expenditure | -$98.0M | -$172.6M | -$401.7M | -$342.7M | -$264.5M |
| Free Cash Flow | $223.6M | $121.5M | $138.5M | $413.8M | $405.7M |
| Acquisitions (net) | -$9.1M | -$3.9M | -$37.5M | -$77.9M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$22.9M | -$112.8M | -$174.6M | -$354.2M |
| Net Change in Cash | -$45.5M | $45.8M | -$48.0M | $41.9M | $4.3M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 12:30pm (20h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$3.4B $3.3B – $3.4B
|
$3.5B $3.5B – $3.5B
|
$3.7B $3.7B – $3.7B
|
$4.2B $4.2B – $4.2B
|
| EBITDA |
$1.5B $1.5B – $1.5B
|
$1.5B $1.5B – $1.5B
|
$1.6B $1.6B – $1.6B
|
$1.8B $1.8B – $1.8B
|
| Net Income |
$351.4M $350.5M – $352.2M
|
$392.9M $392.0M – $393.7M
|
$462.3M $461.7M – $462.8M
|
$518.4M $512.1M – $522.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:49pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +24.0% | +11.0% | +5.6% | +3.0% |
| Gross Profit Growth | +37.5% | +34.0% | +17.9% | +7.1% |
| Operating Income Growth | +174.7% | +73.7% | +19.1% | +23.2% |
| Net Income Growth | +149.5% | +82.3% | +28.6% | +23.7% |
| EBITDA Growth | +1,294.3% | +35.6% | +17.0% | +19.9% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-15 | Woodruff William Matthew | S-Sale | 678.00 | $147.37 | $99,917 |
| 2026-05-15 | O'Neil Christian G. | S-Sale | 11,287.00 | $145.93 | $1.6M |
| 2026-05-15 | Husted Amy D. | S-Sale | 4,000.00 | $145.43 | $581,720 |
| 2026-05-04 | Williams Shawn D. | A-Award | 1,392.00 | $0.00 | $0 |
| 2026-05-04 | Waterman William M. | A-Award | 1,392.00 | $0.00 | $0 |
| 2026-05-04 | Embree Tracy A | A-Award | 1,392.00 | $0.00 | $0 |
| 2026-05-04 | Dio Susan Leslie | A-Award | 1,392.00 | $0.00 | $0 |
| 2026-05-04 | DAVIS BARRY E | A-Award | 1,392.00 | $0.00 | $0 |
| 2026-05-04 | Beder Tanya S | A-Award | 1,392.00 | $0.00 | $0 |
| 2026-05-04 | ALARIO RICHARD J | A-Award | 1,392.00 | $0.00 | $0 |
| 2026-05-04 | Ainsworth Anne-Marie | A-Award | 1,392.00 | $0.00 | $0 |
| 2026-05-04 | DRAGG RONALD A | S-Sale | 1,726.00 | $145.01 | $250,287 |
| 2026-03-02 | O'Neil Christian G. | S-Sale | 11,287.00 | $132.34 | $1.5M |
| 2026-03-02 | Kumar Raj | S-Sale | 3,000.00 | $132.70 | $398,100 |
| 2026-02-24 | Grzebinski David W | M-Exempt | 34,152.00 | $73.29 | $2.5M |
| 2026-02-24 | Grzebinski David W | S-Sale | 34,152.00 | $130.05 | $4.4M |
| 2026-02-24 | Grzebinski David W | M-Exempt | 34,152.00 | $73.29 | $2.5M |
| 2026-02-20 | Embree Tracy A | A-Award | 384.00 | $0.00 | $0 |
| 2026-02-20 | Kerin Matthew P | A-Award | 2,530.00 | $0.00 | $0 |
| 2026-02-20 | Husted Amy D. | M-Exempt | 8,667.00 | $73.29 | $635,204 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:49pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 1989-08-08 | $0.10 | 1989-07-27 | 1989-08-14 | 1989-09-05 |
| 1988-08-09 | $0.10 | 1988-07-21 | 1988-08-15 | 1988-09-06 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
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market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30