Company Analysis

Kirby Corporation (KEX)

NYSE: KEX · Water Transportation · Houston, TX · filing with the SEC since 1994
Grade5.5
◀ Past 5.2● Present 5.8▶ Future 5.5

The grade of Kirby Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past5.230% of the headline
● Present5.840% of the headline
▶ Future5.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.2/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.1/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2020-07-10.

weight 33% of this tense · 21st percentile among 19 sector filers · read for itself

From the record

Kirby Corporation's filings since 2017 show 1 warning event: a warning not to rely on past financial statements (8-K item 4.02, the latest 2020-07-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.0/10

What has it actually done, year after year?

+7.4% a year over 10 filed years; profitable in 8 of 10.

weight 45% of this tense · 61st percentile among 19 sector filers · read for its customers

From the record

Kirby Corporation's 10 filed years say what it did: revenue went from $1.8 billion in fiscal 2016 to $3.4 billion in fiscal 2025, up 7.4% a year; it rose in 7 of 9 years; the deepest fall was 27% from fiscal 2018 to fiscal 2020; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.4%bottom 32% of its family
  • the share of years revenue rosetop 17% of its family
  • the share of filed years with a profittop 29% of its family
  • the deepest fall from a revenue peak26.9%top 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.3/10

How has it treated the people who own it?

Share count shrank 2.4% a year. 33% of cash flow returned. Insiders: 19 sales, 0 purchases.

weight 22% of this tense · 83rd percentile among 16 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Kirby Corporation's diluted share count shrank about 2.4% a year, and dividends and buybacks returned about 33% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 19 sales and 0 purchases of their own stock on the open market in the year to 2026-11-04 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 8% of its family
  • cash returned against operating cash flowtop 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.8/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.3/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 44%: owes 44¢ per asset dollar.

weight 33% of this tense · 63rd percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Kirby Corporation earned about 10 cents of profit for every dollar of shareholders' money. Leverage: it owed about 44 cents per dollar of assets, and net share issuance: its share count shrank 4.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 36% of its family
  • return on equitybottom 44% of its family
  • the share count against the year beforetop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.4/10

How strong is its position in its industry?

top 46% of 18 in its family; net margin 10.5%.

weight 45% of this tense · 54th percentile among 18 sector filers · read for its customers

From the record

Kirby Corporation's standing among 18 graded names in its industry family: revenue of $3.4 billion in fiscal 2025 ranks in the top 25% by size; a net margin of 10.5% ranks in the bottom 42%; revenue growth of 6.5% a year over the last 3 filed years ranks in the bottom 44% (its annual reports).

What it rests on

  • revenue against the family$3.36Btop 25% of its family
  • net margin10.5%bottom 42% of its family
  • three-year revenue growth6.5%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.0/10

What are the people in charge doing?

top 40% of 8 in its family for leadership; chief executive since 2014.

weight 22% of this tense · 60th percentile among 8 sector filers · read for its shareholders

From the record

Kirby Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Grzebinski, David W (CEO, as filed), filing under that title since 2014-06-17, 12.4 years (top 19% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 8.3 years (bottom 44%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 44%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge7 in three years among 20 peopletop 44% of its family
  • the median years the people in charge have filed8.3 yearsbottom 44% of its family
  • the chief executive's years on the record12.4 yearstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.9/10

How much room does it have to grow?

top 41% of 17 in its family for room to expand.

weight 22% of this tense · 59th percentile among 17 sector filers · read for itself

From the record

Kirby Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $79 million against debt of $912 million leaves -13.9% of its assets as net cash, top 29% of its family; cash from operations less capital spending is 12.1% of revenue (bottom 47%) (its annual report).

What it rests on

  • cash less debt against assets-13.9%top 29% of its family
  • cash from operations less capital spending against revenue12.1%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.8/10

What could actually drive growth from here?

bottom 48% of 17 in its family for growth drivers.

weight 45% of this tense · 48th percentile among 17 sector filers · read for its customers

From the record

Kirby Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 6.5% a year over the last three filed years against 7.4% over all 10, slowing (bottom 44% of its family); the newest year grew 3% (top 44%); capital spending grew 15.3% a year (bottom 45%) (its annual reports). Kirby Corporation reported 2 lines of business in fiscal 2025: Marine Transportation at $1.9 billion (57%), Distribution and Services at $1.4 billion (43%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-0.9 points a yearbottom 44% of its family
  • the newest year's revenue growth3.0%top 44% of its family
  • three-year growth of capital spending15.3%bottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.0/10

Did its newest year beat what its own record pointed to?

top 40% of 16 in its family for expectations against reality.

weight 33% of this tense · 60th percentile among 16 sector filers · read for its shareholders

From the record

Kirby Corporation's newest year against its own record: revenue of $3.4 billion in fiscal 2025 came in 4.9% below the $3.5 billion its prior three years' pace pointed to (top 28% of its family); net income of $355 million against a prior three-year average of $211 million (top 44%); a net margin of 10.5% against 6.8% before (top 47%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-4.9%top 28% of its family
  • net income against the prior three years' average+68%top 44% of its family
  • net margin against its prior average+3.7 pointstop 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton KEX · research, not advice