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What this page is: Delvantic's full research page for Kirby Corporation (KEX) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Industrials · Marine Shipping
Houston, TX 77007, United States
kirbycorp.com
Price
$133.49
Market Cap
$7.0B
Employees
5,414
Beta
0.86
Avg Volume
651,137
CEO
Mr. David W. Grzebinski C.F.A.
Kirby Corporation is a premier operator within the marine transportation industry in the United States, providing vital shipping and transportation services on the nation's inland and coastal waterways. Kirby specializes in the transport of bulk liquid products, such as petrochemicals, black oil, refined petroleum products, and agricultural chemicals. As a key player in the logistics chain for these commodities, Kirby Corporation supports sectors like energy, agriculture, and manufacturing, ensuring the crucial movement of raw materials and finished goods. In addition to maritime operations, Kirby also offers a complementary service of diesel engine services and the sale of related parts, particularly catering to the marine, power generation, and industrial sectors. Founded in 1921 and headquartered in Houston, Texas, Kirby Corporation is strategically positioned to capitalize on the significant infrastructures of waterways in the U.S., emphasizing safe and efficient marine transport, which plays a vital role in the overall economic landscape and supply chain logistics.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 11 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 29, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
-400.0%
Dec '25
+3.1%
Jan '26
+8.7%
Apr '26
+0.0%
Jun '26
+2.5%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 29, 2026 | $1.63 | $1.67 +2.5% | — | — |
| Jun 24, 2026 | $-0.02 | $-0.02 +0.0% | — | — |
| Apr 30, 2026 | $1.38 | $1.50 +8.7% | — | — |
| Jan 29, 2026 | $1.63 | $1.68 +3.1% | — | — |
| Dec 10, 2025 | $-0.01 | $-0.05 -400.0% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 7, 2026 | 4 | View |
| Aug 5, 2026 | 10-Q | View |
| Jul 31, 2026 | SCHEDULE 13G | View |
| Jul 29, 2026 | 8-K | View |
| Jul 14, 2026 | SCHEDULE 13G | View |
| Jun 26, 2026 | 11-K | View |
| May 28, 2026 | SD | View |
| May 18, 2026 | 4 | View |
| May 18, 2026 | 4 | View |
| May 18, 2026 | 4 | View |
| May 18, 2026 | 144 | View |
| May 15, 2026 | 144 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 11, 2026 9:49am (just now)
Current data · timestamped when a report runs
$133.49
Change · Aug 11
+1.00 (+0.75%)
Day Range
$133.39 – $133.49
52-Week Range
$79.52 – $157.69
50-Day MA
$139.49
200-Day MA
$128.94
Volume
102.00
Share Structure
Outstanding
53,072,000.00
Float
51,916,128.00
Free Float
97.8%
High free float
— 97.8% of shares trade freely, ~2.2% 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
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
21.09
Stock Price: $133.49
EPS (Diluted): 6.33
EPS (Diluted): 6.33
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
2.21
Stock Price: $133.49
Total Equity: $3.38B
Shares: 56,045,000
Total Equity: $3.38B
Shares: 56,045,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
10.47
Market Cap: $7.00B
Total Debt: $911.92M
Cash: $78.78M
EBITDA: $760.41M
Total Debt: $911.92M
Cash: $78.78M
EBITDA: $760.41M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$8.0B
Market Cap: $7.00B
Total Debt: $911.92M
Cash: $78.78M
Total Debt: $911.92M
Cash: $78.78M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
—
Gross Profit: N/A
Revenue: $3.36B
Revenue: $3.36B
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
14.8%
Operating Income: $496.28M
Revenue: $3.36B
Revenue: $3.36B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
10.5%
Net Income: $354.57M
Revenue: $3.36B
Revenue: $3.36B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
10.5%
Net Income: $354.57M
Total Equity: $3.38B
Total Equity: $3.38B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
8.9%
Operating Income: $496.28M
Tax Rate: 24.6%
Equity: $3.38B
Total Debt: $911.92M
Cash: $78.78M
Tax Rate: 24.6%
Equity: $3.38B
Total Debt: $911.92M
Cash: $78.78M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.53
Current Assets: $1.08B
Current Liabilities: $706.52M
Current Liabilities: $706.52M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.27
Short-Term Debt: $0.00
Long-Term Debt: $911.92M
Total Debt: $911.92M
Total Equity: $3.38B
Long-Term Debt: $911.92M
Total Debt: $911.92M
Total Equity: $3.38B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$60.02
Revenue: $3.36B
Shares: 56,045,000
Shares: 56,045,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$60.36
Total Equity: $3.38B
Shares: 56,045,000
Shares: 56,045,000
FCF/Share (Real cash generated per share)
HEX(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)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $133.49
Stock Price: $133.49
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $354.57M
Net Income: $354.57M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 6, 2026 7:21am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.8B | $3.1B | $3.3B | $3.4B |
| Cost of Revenue | — | — | — | — | — |
| Gross Profit | — | — | — | — | — |
| Operating Expenses | $2.5B | $2.6B | $2.8B | $2.9B | $2.9B |
| Operating Income | -$258.1M | $192.9M | $335.1M | $399.1M | $496.3M |
| Net Income | -$247.0M | $122.3M | $222.9M | $286.7M | $354.6M |
| EBITDA | -$44.4M | $394.3M | $546.2M | $639.4M | $760.4M |
| EPS | $-4.11 | $2.04 | $3.74 | $4.95 | $6.37 |
| EPS (Diluted) | $-4.11 | $2.03 | $3.72 | $4.91 | $6.33 |
Balance Sheet (Annual)
Last updated: Aug 6, 2026 7:21am (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 | $911.9M |
| Total Liabilities | $2.5B | $2.5B | $2.5B | $2.5B | $2.6B |
| 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: Aug 6, 2026 7:21am (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 | -$115.7M |
| Net Debt Issued / (Repaid) | -$60.0M | -$395.0M | -$350.0M | -$100.0M | $0 |
| 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 |
Growth Trends (YoY %)
Last updated: Aug 6, 2026 7:21am (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +24.0% | +11.0% | +5.6% | +3.0% |
| Gross Profit Growth | — | — | — | — |
| Operating Income Growth | +174.7% | +73.7% | +19.1% | +24.4% |
| Net Income Growth | +149.5% | +82.3% | +28.6% | +23.7% |
| EBITDA Growth | +987.8% | +38.5% | +17.1% | +18.9% |
Dividend History (Last 20)
Last updated: Aug 11, 2026 9:49am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 1989-08-08 | $0.03 | — | — | — |
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)
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.
No narrative profile yet for KEX — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for KEX — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for KEX — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for KEX — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14