Kirby (KEX) financial statements
Kirby reported revenue of $3.4B in fiscal 2025, up 7.4% a year over 9 years.
Net income was $355M and the operating margin 14.8%, against 14.0% in 2016.
Free cash flow was $406M, and the company returned $354M in net buybacks.
The diluted share count rose 5% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kirby's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.2B | $3.0B | $2.8B | $2.2B | $2.2B | $2.8B | $3.1B | $3.3B | $3.4B |
| Selling, general and admin | $175M | $220M | $304M | $277M | $258M | $267M | $303M | $335M | $337M | $356M |
| Operating income | $247M | $94M | $155M | $242M | -$421M | -$258M | $193M | $335M | $399M | $496M |
| Interest expense | $18M | $21M | $47M | $56M | $49M | $42M | $45M | $52M | $49M | $46M |
| Pre-tax income | $228M | $73M | $114M | $190M | -$461M | -$291M | $165M | $294M | $363M | $471M |
| Income tax | $85M | -$241M | $35M | $47M | -$190M | -$44M | $42M | $71M | $76M | $116M |
| Net income | $141M | $313M | $78M | $142M | -$273M | -$247M | $122M | $223M | $287M | $355M |
| EPS (diluted) | $2.62 | $5.62 | $1.31 | $2.37 | -$4.55 | -$4.11 | $2.03 | $3.72 | $4.91 | $6.33 |
| Diluted shares | 54M | 55M | 60M | 60M | 60M | 60M | 60M | 60M | 58M | 56M |
| Operating margin | 14.0% | 4.2% | 5.2% | 8.5% | -19.4% | -11.5% | 6.9% | 10.8% | 12.2% | 14.8% |
| Net margin | 8.0% | 14.1% | 2.6% | 5.0% | -12.6% | -11.0% | 4.4% | 7.2% | 8.8% | 10.5% |
Balance sheet
Fiscal years, from Kirby's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6M | $20M | $8M | $25M | $80M | $35M | $81M | $33M | $74M | $79M |
| Receivables | $297M | $452M | $418M | $379M | $315M | $418M | $483M | $527M | $490M | $473M |
| Inventory | $185M | $316M | $507M | $351M | $310M | $331M | $462M | $454M | $394M | $398M |
| Total current assets | $633M | $957M | $1.1B | $918M | $1.0B | $1.0B | $1.2B | $1.1B | $1.1B | $1.1B |
| Property, plant and equipment | $2.9B | $3.0B | $3.5B | $3.8B | $3.9B | $3.7B | $3.6B | $3.9B | $4.0B | $4.1B |
| Goodwill | $598M | $935M | $954M | $954M | $658M | $439M | $439M | $439M | $439M | $439M |
| Total assets | $4.3B | $5.1B | $5.9B | $6.1B | $5.9B | $5.4B | $5.6B | $5.7B | $5.9B | $6.0B |
| Total current liabilities | $358M | $480M | $608M | $514M | $466M | $544M | $642M | $676M | $735M | $707M |
| Long-term debt | $723M | $992M | $1.4B | $1.4B | $1.5B | $1.2B | $1.1B | $1.0B | $867M | $912M |
| Total liabilities | $1.9B | $2.0B | $2.7B | $2.7B | $2.8B | $2.5B | $2.5B | $2.5B | $2.5B | $2.6B |
| Shareholders' equity | $2.4B | $3.1B | $3.2B | $3.4B | $3.1B | $2.9B | $3.0B | $3.2B | $3.4B | $3.4B |
| Net debt | $717M | $972M | $1.4B | $1.3B | $1.4B | $1.1B | $996M | $976M | $792M | $833M |
Cash flow
Fiscal years, from Kirby's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $416M | $353M | $347M | $512M | $445M | $322M | $294M | $540M | $756M | $670M |
| Capital spending | $231M | $177M | $302M | $248M | $148M | $98M | $173M | $402M | $343M | $264M |
| Free cash flow | $185M | $176M | $45M | $264M | $297M | $224M | $122M | $138M | $414M | $406M |
| Stock-based compensation | $12M | $11M | $19M | $14M | $15M | $16M | $14M | $15M | $16M | $18M |
| Share buybacks (net) | -$2M | $0 | -$776,000 | $0 | $0 | $0 | -$23M | -$113M | -$175M | -$354M |
| Net borrowing | $0 | -$14M | $0 | -$125M | -$150M | -$60M | -$395M | -$350M | -$100M | $0 |
| Free cash flow margin | 10.4% | 8.0% | 1.5% | 9.3% | 13.7% | 10.0% | 4.4% | 4.5% | 12.7% | 12.1% |
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Open KEX in InvestinglyQuestions
What was Kirby's revenue in 2025?
$3.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Kirby generate?
$406M in fiscal 2025 (operating cash flow minus capital spending).
From Kirby's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.