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KEXKirby Corporation
$121.00$6.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
KEX logo

Kirby Corporation

KEX
NYSE · Marine Shipping
$121.00
At close - Nov 6, 4:00 PM EST - USD
Market Cap$6.47B
P/E17.2x
52W High$157.69
Volume684.83K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Earnings Rebound Meets Unreliable Balance Sheet Data

Kirby's 2026Q3 revenue of $977.2M (up 12.2% year over year) and EPS of $2.09 (up 26.7%) suggest a meaningful operating recovery, with operating margin rising to 15.5% from 13.2% in the prior quarter.

GrowthStable
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

KEX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 43 · Lag

Laggard (Underperforming 57% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue rose to $977.2M in 2026Q3 with operating margin expanding to 15.5% and gross margin holding at 26.0%, suggesting positive operating leverage in the latest period.

Analyst Consensus+42.6% target
Buy(30 analysts)
21 Buy9 Hold0 Sell

The Bull Case

Upside Catalysts

Strong Q1 2026 results

Kirby Corporation reported Q1 2026 revenue of US$844.1 million and net income of US$81.2 million, with diluted EPS rising to US$1.50 from US$1.33 a year earlier.

Raised full-year EPS guidance

Management raised its full-year EPS guidance, signaling confidence in future performance.

Share repurchases

The company repurchased US$52.7 million of shares, indicating strong cash flow and commitment to shareholder returns.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
KEX+8.13%
S&P 500 (^GSPC)+7.63%
1-Year Return
KEX+13.86%
S&P 500 (^GSPC)+9.69%
3-Year Return
KEX+57.68%
S&P 500 (^GSPC)+70.87%
5-Year Return
KEX+109.85%
S&P 500 (^GSPC)+58.93%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
17.2x
Forward P/EExpansion
16.7x
EV/EBITDA25th %ile
9.8x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
17.2x
21.5x
0th· Low
EV/EBITDA
9.8x
11.2x
25th· Low
Price/FCF
N/A
16.0x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$57.84-52.2%
Base (Fair)$126.12+4.2%
Bull$198.38+64.0%
$57.84 Bear$126.12 Base$198.38 Bull
Current Market Price: $121.00
Trades at a 4.1% discount to Base DCF ($126.12)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$3.36B+3.0% YoY
Net income FY25
$355M+23.7% YoY
Free cash flow FY25
$406M-2.0% YoY
Operating margin FY25
14.6%+2.4 pts YoY
ROIC (FY25)8.2%
Avg ROIC 5Y4%
ROE (TTM)10.9%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 28, 2026
$2.09+4.5%
vs $2.00
$977M+4.1%
vs $939M
Q3 2026
Jul 29, 2026
$1.67+2.5%
vs $1.63
$922M+6.0%
vs $870M
Q2 2026
Apr 30, 2026
$1.50+6.4%
vs $1.41
$844M+1.4%
vs $833M
Q1 2026
Jan 29, 2026
$1.68+3.7%
vs $1.62
$852M-1.1%
vs $862M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 28, 2026
Kirby Corporation (KEX) Q3 2026 Earnings Call Transcript

Kirby Corporation ( KEX ) Q3 2026 Earnings Call October 28, 2026 8:30 AM EDT Company Participants Donny Chia - Vice President of Finance & Investor Relations David W. Grzebinski - CEO & Director Raj Kumar - Executive VP & CFO Christian O'Neil - President & COO Conference Call Participants Tomohiko Sano - JPMorgan Chase & Co, Research Division Reed Seay - Stephens Inc., Research Division Ivan Yi - Wolfe Research, LLC Adam Roszkowski - BofA Securities, Research Division Benjamin Mohr Mok - Citigroup Inc., Research Division Gregory Wasikowski - Webber Research & Advisory LLC Presentation Operator Good day, and thank you for standing by.

The Motley Fool·Oct 28, 2026
Kirby: 3 Key Takeaways for Long-Term Investors

Third-quarter earnings per share rose 27% year over year to $2.09. Power generation equipment backlog increased above $1.5 billion.

MarketBeat·Oct 28, 2026
Kirby Q3 Earnings Call Highlights

Kirby NYSE: KEX reported record third-quarter earnings per share of $2.09, up 27% from a year earlier, as its marine transportation and Distribution & Services businesses benefited from strong utilization, pricing and demand for power-generation equipment.

Zacks Investment Research·Oct 28, 2026
Compared to Estimates, Kirby (KEX) Q3 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Kirby (KEX) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Filtered for Kirby CorporationMore Headlines
04

Compare before deciding

Benchmark KEX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Kirby Corporation (KEX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KEX logoKEXKirby CorporationCurrent
$121.00$6.47B17.173.01%10.39%10.92%—
MATX logoMATXMatson, Inc.
$211.93$6.41B11.85-2.26%14.58%19.25%0.68%
ARCB logoARCBArcBest Corp
$127.91$2.85B100.02-4.04%0.66%2.23%0.37%
SBLK logoSBLKStar Bulk Carriers Corp.
$26.73$2.98B10.39-17.62%23.87%11.71%1.11%
GNK logoGNKGenco Shipping & Trading Limited
$26.00$1.13B14.62-19.14%15.48%8.9%2.91%
TK logoTKTeekay Corporation
$12.65$1.1B4.64-22.19%16.19%10.46%7.83%

Compare KEX vs Peers

Kirby Corporation (KEX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MATX

Most directly comparable listed peer for KEX.

Scale Benchmark

vs CAT

Larger-name benchmark to compare KEX against a more recognizable public peer.

Peer Set

Compare Top 5

vs MATX, ARCB, SBLK, GNK

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

KEX SEC Filings & Documents

Kirby Corporation (KEX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 28, 2026·SEC

Material company update

Oct 8, 2026·SEC

Material company update

Jul 29, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Nov 6, 2026·SEC

FY 2026

Aug 5, 2026·SEC

FY 2026

May 8, 2026·SEC

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KEX Frequently Asked Questions

Kirby Corporation (KEX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Kirby Corporation's revenue?

Kirby Corporation (KEX) reported $3.60B in revenue over the trailing twelve months. Revenue was $3.36B in fiscal year 2025. That is 951% more than the $320.0M of fiscal year 1996.

How fast is Kirby Corporation growing?

Kirby Corporation (KEX) grew revenue by 8.5% over the trailing twelve months, compared with the twelve months before.

Is KEX profitable?

Yes. Kirby Corporation (KEX) earned $373.6M in net income over the trailing twelve months (a 10.4% net margin).

Dividend & Returns
What is KEX's return on equity?

Kirby Corporation (KEX) had a return on equity (ROE) of 10.9% over the trailing twelve months. That is in line with the market's typical 10-15%.

What is Kirby Corporation's free cash flow?

Kirby Corporation (KEX) had negative free cash flow of $155.5M over the trailing twelve months.

What if you invested $1,000 in KEX back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →