KEX
KIRBY CORP
Next earnings Jul 29, 2026 (before open) · consensus $1.64 EPS, $869M rev
Last earnings -1.3% on 2026-04-30
$136.78
▼ -1.28%$136.78▲ +19.91%
over 1Y
L $79.95EODHDH $152.59
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.3%
1W-3.2%
1M-4.6%
3M+2.0%
YTD+22.2%
1Y+19.9%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 10 analysts
Strong Buy
Inland-barge leader riding a tight-capacity upcycle — earnings +24%, big buybacks, sound balance sheet at a reasonable 22x.
Revenue (FY2025) $3.36B · FY2025
The read
Quality fundamentals and an attractive price line up (~32% below fair value) — the rarer case where both the business and the entry look good.
Kirby is the dominant U.S. inland and coastal tank-barge operator (plus a distribution & services segment), and it is firmly in the favorable part of its cycle. FY2025 net income rose 23.7% to $355M and EPS jumped 28.9% to $6.33 on revenue of $3.36B (up 3.0%) — earnings growth far outpacing the top line as tight barge capacity drives pricing and margin gains. Operating income climbed 24.4% to $496M and operating margin expanded to 14.8%. The multi-year recovery is clear: from a -$247M loss in FY2021 to consistent, rising profits through FY2025.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.25B | $2.78B | $3.09B | $3.27B | $3.36B |
| Gross profit | — | — | — | — | — |
| Operating income | -$258M | $193M | $335M | $399M | $496M |
| Net income | -$247M | $122M | $223M | $287M | $355M |
| Diluted EPS | -$4.11 | $2.03 | $3.72 | $4.91 | $6.33 |
| Net margin | -11.0% | 4.4% | 7.2% | 8.8% | 10.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$8.17B
EV / EBITDA10.7
EV / Sales2.4
EV / FCF20.1
P / FCF18.1
PEG (trailing)0.91
Earnings yield4.8%
FCF yield5.5%
Quality & risk
ROIC (est.)9.1%
Free cash flow$406M
Total debt$912M
Net cash-$833M
Piotroski F-Score7/8
Capital returns
Buyback yield4.8%
Dividend yield (est.)—
Shareholder yield4.8%
Shares Δ YoY-6.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-26open ↗SDFiling2026-05-28open ↗4Period ending 2026-05-152026-05-18open ↗4Period ending 2026-05-152026-05-18open ↗4Period ending 2026-05-152026-05-18open ↗144Filing2026-05-18open ↗144Filing2026-05-15open ↗144Filing2026-05-15open ↗SCHEDULE 13GFiling2026-05-11open ↗10-QPeriod ending 2026-03-312026-05-08open ↗144/AFiling2026-05-06open ↗4Period ending 2026-05-042026-05-06open ↗
Frequently asked
- Is KIRBY CORP (KEX) a buy?
- KEX currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Inland-barge leader riding a tight-capacity upcycle — earnings +24%, big buybacks, sound balance sheet at a reasonable 22x.
- What is KEX's fair value?
- A Modified-Graham model based on KEX's SEC fundamentals estimates a fair value of about $180.45. It is an estimate from reported earnings, not a price target.
- Is KEX overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, KEX currently appears undervalued relative to its SEC-grounded earnings power.
- What is KIRBY CORP's quality score?
- KEX scores 73.15686274509804/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000056047, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/21/2026, 8:52:27 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.