Kirby Corporation (KEX) Income Statement
KEX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKEX revenue and net income
Where KEX's revenue goes
2025Each bar shows an amount and its share of revenue. KEX kept 10.5% of revenue as net income.
KEX profit margins
KEX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.0% | +6.5% | +9.2% | +4.6% |
| Gross profit | +7.1% | +19.1% | +14.9% | +4.1% |
| Operating income | +23.2% | +36.6% | — | +2.6% |
| Net income | +23.7% | +42.6% | — | +4.6% |
| EPS (diluted) | +15.9% | +44.5% | +28.0% | +4.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KEX quarterly EPS vs estimates
Kirby beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $1.96).
KEX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.36B | $3.27B | $3.09B | $2.78B | $2.25B | $2.17B | $2.84B | $2.97B | $2.21B | $1.77B |
| Cost of revenue | $2.48B | $2.44B | $2.39B | $2.26B | $1.87B | $1.73B | $2.25B | $2.39B | $1.76B | $1.33B |
| Gross profit | $883.4M | $825.2M | $700.1M | $522.4M | $380.0M | $440.7M | $588.7M | $584.8M | $453.4M | $445.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $391.9M | $337.1M | $335.2M | $333.0M | $303.2M | $258.3M | $312.9M | $304.4M | $220.5M | $174.8M |
| Total operating expenses | $391.9M | $426.1M | $365.0M | $329.5M | $638.1M | $861.4M | $346.7M | $429.5M | $359.8M | $197.7M |
| Operating income | $491.5M | $399.1M | $335.1M | $192.9M | −$258.1M | −$420.8M | $242.0M | $155.3M | $93.6M | $247.4M |
| Interest income | $46.3M | $49.1M | $52.0M | $44.6M | $42.5M | $48.7M | $55.6M | $46.5M | $21.2M | $17.2M |
| Interest expense | $46.3M | $49.1M | $52.0M | $44.6M | $42.5M | $48.7M | $56.0M | $46.9M | $21.5M | $17.7M |
| Income before taxes | $471.4M | $362.8M | $294.1M | $165.0M | −$290.6M | −$461.4M | $189.8M | $114.2M | $73.0M | $227.7M |
| Income taxes | $116.0M | $75.9M | $71.2M | $42.2M | −$43.8M | −$189.8M | $46.8M | $35.1M | −$240.9M | $84.9M |
| Net income | $354.6M | $286.7M | $222.9M | $122.3M | −$247.0M | −$272.5M | $142.3M | $78.5M | $313.2M | $141.4M |
| EBITDA | $781.9M | $652.2M | $586.3M | $411.0M | −$34.4M | −$192.7M | $465.4M | $386.0M | $297.4M | $446.4M |
| EPS (diluted) | $6.33 | $5.46 | $3.72 | $2.10 | $0.55 | $1.84 | $2.91 | $2.90 | $2.05 | $2.68 |
| Gross margin | 26.3% | 25.3% | 22.6% | 18.8% | 16.9% | 20.3% | 20.7% | 19.7% | 20.5% | 25.1% |
| Operating margin | 14.6% | 12.2% | 10.8% | 6.9% | −11.5% | −19.4% | 8.5% | 5.2% | 4.2% | 14.0% |
| Net margin | 10.5% | 8.8% | 7.2% | 4.4% | −11.0% | −12.6% | 5.0% | 2.6% | 14.1% | 8.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $922.4M | $844.1M | $844.1M | $871.2M | $855.5M | $785.7M | $802.3M | $831.1M | $824.4M | $808.0M | $799.2M | $764.8M |
| Cost of revenue | $702.0M | $626.8M | $626.8M | $647.4M | $628.9M | $576.1M | $605.9M | $612.7M | $613.7M | $608.3M | $616.6M | $584.0M |
| Gross profit | $220.4M | $217.3M | $217.3M | $223.8M | $226.5M | $209.6M | $196.4M | $218.4M | $210.7M | $199.7M | $182.5M | $180.8M |
| Sales, general & admin | $88.7M | $101.3M | $93.8M | $87.8M | $96.4M | $95.3M | $82.4M | $84.1M | $80.4M | $90.2M | $84.3M | $88.8M |
| Total operating expenses | $98.8M | $111.1M | $111.1M | $97.6M | $94.7M | $104.0M | $146.3M | $91.5M | $90.2M | $98.2M | $89.7M | $87.3M |
| Operating income | $121.6M | $106.2M | $106.2M | $126.2M | $131.8M | $105.5M | $50.1M | $126.9M | $120.5M | $101.5M | $92.8M | $93.5M |
| Interest income | — | — | $11.2M | $11.8M | $12.7M | $10.5M | $10.7M | $12.5M | — | — | — | $13.4M |
| Interest expense | $11.0M | $10.2M | $10.2M | $11.8M | $12.7M | $10.5M | $10.7M | $12.5M | $12.8M | $13.2M | $13.1M | $13.4M |
| Income before taxes | $118.4M | $104.7M | $104.7M | $122.9M | $123.9M | $100.3M | $43.0M | $117.4M | $110.8M | $91.6M | $81.4M | $81.7M |
| Income taxes | $28.6M | $23.4M | $23.4M | $30.2M | $29.6M | $24.1M | $6,000 | $27.4M | $26.8M | $21.7M | $19.5M | $18.7M |
| Net income | $89.7M | $81.2M | $81.2M | $92.5M | $94.3M | $76.0M | $42.8M | $90.0M | $83.9M | $70.1M | $61.9M | $63.0M |
| EBITDA | $193.0M | $174.5M | $183.2M | $201.6M | $202.3M | $174.6M | $116.2M | $190.5M | $183.1M | $162.4M | $149.5M | $148.6M |
| EPS (diluted) | $1.67 | $1.50 | $1.68 | $1.65 | $1.67 | $1.33 | $1.29 | $1.55 | $1.43 | $1.19 | $1.04 | $1.05 |
| Gross margin | 23.9% | 25.7% | 25.7% | 25.7% | 26.5% | 26.7% | 24.5% | 26.3% | 25.6% | 24.7% | 22.8% | 23.6% |
| Operating margin | 13.2% | 12.6% | 12.6% | 14.5% | 15.4% | 13.4% | 6.3% | 15.3% | 14.6% | 12.6% | 11.6% | 12.2% |
| Net margin | 9.7% | 9.6% | 9.6% | 10.6% | 11.0% | 9.7% | 5.3% | 10.8% | 10.2% | 8.7% | 7.7% | 8.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KEX's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KEX financial results
In fiscal year 2025 (ended December 31, 2025), Kirby reported revenue of $3.4 billion, up 3.0% from the year before. It had net income of $354.6 million (up 23.7%), a net profit margin of 10.5%. Diluted earnings per share came to $6.33. Over five years revenue grew at an average rate of 9.2% a year.
See the KEX stock overview for the latest quote and news, or the KEX chart for price history and technical indicators.
KEX income statement FAQ
What is Kirby's annual revenue?
Kirby reported total revenue of $3.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.0% from $3.3 billion the previous year.
Is Kirby profitable?
Yes. Kirby reported net income of $354.6 million in fiscal 2025, a net profit margin of 10.5%; its operating margin was 14.6%.
What is Kirby's gross margin?
Kirby's gross margin was 26.3% in fiscal 2025: for every $100 of revenue, Kirby kept $26 after the direct cost of its products and services.
How fast is Kirby growing?
Revenue grew 9.2% a year on average over the last five fiscal years, from $2.2 billion to $3.4 billion.
What are Kirby's earnings per share?
Kirby earned $6.33 per diluted share in fiscal 2025, compared with $5.46 a year earlier.
When will Kirby report its next earnings?
Kirby is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Kirby's fiscal year end?
Kirby's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.