KEXNYSEWater TransportationUS GAAP · USD

Kirby Corporation

Kirby Corp is a U.S. industrial transportation and equipment company built around two businesses: inland/coastal tank barge marine transport and distribution/services for power generation, marine, oilfield, and industrial customers. It moves bulk liquid products such as petrochemicals, black oil, refined products, and agricultural chemicals, while also selling, renting, repairing, and manufacturing specialized equipment used in demanding industrial end markets.

Kysy yhtiöstä
Liikevaihto3 364milj. USD
+3,0 %v/v
Liikevoitto (EBIT)496milj. USD
+24,4 %v/v
EBIT-marginaali14,8%
+2,5 %-yks.v/v
Nettotulos355milj. USD
+23,7 %v/v
Vapaa kassavirta406milj. USD
−2,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1 00001 0002 0003 0004 000milj. USD2020: 490 milj. USD2020: EBIT −421 milj. USD20202021: 2 247 milj. USD2021: EBIT −258 milj. USD20212022: 2 785 milj. USD2022: EBIT 193 milj. USD20222023: 3 092 milj. USD2023: EBIT 335 milj. USD20232024: 3 266 milj. USD2024: EBIT 399 milj. USD20242025: 3 364 milj. USD2025: EBIT 496 milj. USD20253 364496
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Kirby Corporation

Liiketoiminta

Osuus liikevaihdosta
Marine Transportation46 %

Tank barge and coastwise marine transport of bulk liquid and dry-bulk cargoes.

Power Generation43 %

Equipment, rentals, parts and service for backup, prime power and data center applications.

Oil and Gas Equipment & Services11 %

Aftermarket parts, service and specialized equipment for oilfield customers.

Asiakkaat

Kirby sells to industrial shippers and operators that need reliable movement of liquid cargoes or mission-critical equipment uptime. Its customer base spans petrochemical producers, refiners, oilfield service firms, power generation users, data centers, marine operators, trucking fleets, municipalities, mining companies and government-related marine users. Demand is driven by industrial activity, energy markets, weather, equipment replacement cycles and the need for backup or standby power.

Marine transportation shippers

Petrochemical, refinery, black oil and agricultural chemical shippers that buy barge capacity to move bulk liquids on inland and coastal waterways.

Power generation customers

Data centers, standby power users and industrial sites that buy generators, parts, rentals and service for critical power continuity.

Oil and gas customers

Oilfield service providers, operators and producers that buy transmissions, parts, electric fracturing systems and related equipment.

Commercial and industrial marine users

Towboats, dredging, harbor, Great Lakes and pleasure craft operators that buy repair, parts and equipment support.

On-highway and industrial fleets

Trucking, bus and industrial fleet customers that buy service and equipment support for vehicle and fleet uptime.

Strategia

Kirby is investing in marine fleet renewal and selective growth capital while also expanding in power generation, especially backup, prime power and data center applications. The company is using acquisitions and equipment additions to deepen its barge fleet and broaden its KDS distribution footprint, while managing labor, supply chain and utilization constraints.

Fleet renewal and selective marine growthLyhyt aikaväli

Maintains service reliability, supports utilization and protects pricing in a constrained barge market.

Expand power generation and data center exposureKeskipitkä aikaväli

Diversifies earnings toward higher-demand critical power applications and reduces dependence on oilfield cycles.

Broaden aftermarket and distribution capabilitiesKeskipitkä aikaväli

Improves recurring parts/service revenue and strengthens customer relationships across industrial end markets.

Maantiede

Kirby is overwhelmingly U.S.-centric, with marine operations tied to the Mississippi River System, the Gulf Intracoastal Waterway and coastwise routes along all three U.S. coasts. Its manufacturing, remanufacturing and service facilities are based in Houston and Oklahoma City, placing the company close to oil and gas and industrial demand centers. The business also operates under U.S. Coast Guard and other regulatory regimes, and some marine activity can extend into foreign waters when vessels operate internationally.

Riskit

Kirby is exposed to cyclical industrial demand, especially in petrochemicals, refining, oilfield services and marine freight markets, so customer activity and pricing can move with energy and manufacturing conditions. The company also faces operational risks from weather, public health events, cyber incidents, supply delays and labor shortages, all of which can disrupt vessel operations, equipment delivery and service execution.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical demand in marine and oilfield end markets1Customer concentration2Weather and waterway disruption3Labor shortages and inflation4Cybersecurity and systems failure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical demand in marine and oilfield end marketsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends on petrochemical, refining, drilling and industrial activity, which can weaken quickly in downturns.

    Kohdistuu: KMT and KDS

  2. Customer concentrationVaikutus: KorkeaTodennäköisyys: Matala

    A small number of KMT and KDS customers account for a meaningful share of revenue, so loss or distress would pressure results.

    Kohdistuu: Five KMT customers and three KDS customers

  3. Weather and waterway disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Hurricanes, storms and other disruptions can interrupt inland and coastal marine operations and delay cargo movement.

    Kohdistuu: U.S. waterways and coastal routes

  4. Labor shortages and inflationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    An acute mariner shortage and inflationary pressure can raise crew and operating costs and constrain capacity.

    Kohdistuu: Marine transportation

  5. Cybersecurity and systems failureVaikutus: KeskitasoTodennäköisyys: Matala

    Operations rely on vessel management and other information systems; a breach or outage could affect safety and continuity.

    Kohdistuu: Fleet operations and service systems

Kysy Clarifolta: Kirby Corporation

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment

Kirby carries goodwill from acquisitions, and impairment depends on projected cash flows and discount rates.

Vaikutus: Could create non-cash charges if acquired businesses underperform

Long-lived asset recoverability

Vessels, towboats, barges and equipment are tested when triggering events occur, using future cash flow estimates.

Vaikutus: May lead to impairment charges in weak markets

Revenue timing and fuel rebills

Marine revenues can be affected by fuel rebills, spot vs term pricing and contract escalators.

Vaikutus: Can distort quarter-to-quarter revenue and margin trends

Inventory and delivery timing

KDS had inventory buildup from supply delays and deferred deliveries, shifting revenue recognition timing.

Vaikutus: Affects working capital and near-term comparability

Pension assumptions

Discount rates and expected returns drive pension expense and funded status.

Vaikutus: Changes can move reported expense and obligations materially

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Global Gas Corp

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SEADRILL Ltd

SDRL · Drilling Oil & Gas Wells

KBR, Inc

KBR · Heavy Construction Other Than Bldg Const - Contractors

International Seaways, Inc.

INSW · Water Transportation

Päivitetty: 24.9.2026

Kirby Corporation (KEX) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo