Kirby (KEX) Price & Analysis
KEX Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- MXN 142.76B
- Enterprise Value
- MXN 7.99B
- Total Cash (Recent Filing)
- MXN 38.95M
- Total Debt (Recent Filing)
- MXN 1.23B
- Price to Earnings (P/E)
- 20.6
- Beta
- N/A
- Next Earnings
- Feb 04, 2027
- EPS Estimate
- 37.29
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Improved Profitability And Cash Generation
Kirby’s multi-year recovery has produced solid profitability and meaningful free cash flow, giving the company resources to maintain its fleet, fund growth, and manage downturns. Higher earnings quality and cash generation should support durable reinvestment and shareholder returns.
Strong Inland Marine Pricing And Utilization
High utilization, improving spot rates, and above-inflation contract renewals indicate favorable supply-demand conditions in Kirby’s core inland business. Limited industry additions and tight capacity can support pricing power, fleet productivity, and marine margins over coming quarters.
Power-generation Backlog And Growth Platform
The large backlog provides substantial revenue visibility and establishes power generation as a durable growth platform beyond marine transportation. The growing behind-the-meter mix also carries higher margins and can create a sizeable aftermarket opportunity as the installed base matures.
Bears Say
Fuel And Inflationary Cost Pressure
Persistent fuel, labor, and material inflation can compress marine margins when contract escalators or rate recovery lag cost increases. Even with expected mitigation, these expenses create ongoing execution risk and may limit how much of Kirby’s pricing improvement reaches operating profit.
OEM Engine Constraints Limit Backlog Conversion
A constrained engine supply restricts Kirby’s ability to turn strong power-generation demand into near-term shipments and revenue. Delayed conversion can defer earnings, lengthen customer fulfillment timelines, and reduce the operating leverage expected from the company’s expanded assembly capacity.
Coastal Shipyard Costs And Pricing Pressure
Higher shipyard activity temporarily removes coastal assets from service while fixed day-rate costs continue, reducing fleet availability and margins. Pricing pressure on smaller barges adds a second drag, making coastal profitability more vulnerable even though utilization remains high.
Kirby News
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Kirby Stock Smart Score
Company Description
Kirby
Kirby Corporation is a leading operator of domestic tank barges within the United States. Its Marine Transportation division specializes in moving bulk liquid products, providing comprehensive marine transport and towing services. These operations cover an extensive network, including the Mississippi River System, the Gulf Intracoastal Waterway, all three U.S. coastlines, and extend to Alaska and Hawaii. The company transports a wide array of materials, such as petrochemicals, various black and refined petroleum products, and agricultural chemicals, primarily via tank barge. This segment also manages offshore dry-bulk barges and their accompanying tugboat units, facilitating the coastal transport of dry-bulk commodities across the U.S. As of December 31, 2021, Kirby's substantial fleet consisted of 1,025 inland tank barges, approximately 255 inland towboats, 31 coastal tank barges, 29 coastal tugboats, 4 offshore dry-bulk cargo barges, 4 offshore tugboats, and a single docking tugboat. The Distribution and Services segment focuses on providing critical support and equipment solutions. This includes selling aftermarket services and authentic replacement parts for a diverse range of machinery, such as engines, transmissions, reduction gears, electric motors, drives, controls, electrical distribution and control systems, energy storage battery systems, and related oilfield service equipment. A key offering is the rebuilding of essential components like diesel engines, transmissions, and reduction gears, along with other related equipment used across various sectors including oilfield services, marine, power generation, on-highway transportation, and other industrial applications. Additionally, this division rents out vital equipment, including generators, industrial compressors, high-capacity lift trucks, and refrigeration trailers. Kirby further extends its capabilities by manufacturing and remanufacturing oilfield service equipment, notably pressure pumping units, as well as producing electric power generation equipment, specialized electrical distribution and control systems, and robust energy storage/battery systems tailored for oilfield clients. Kirby Corporation serves a broad clientele, encompassing both various private businesses and the United States government. Established in 1921, the company was initially known as Kirby Exploration Company, Inc., before its renaming to Kirby Corporation in 1990. Its corporate headquarters are located in Houston, Texas.
- Sector
- Industrials
- Industry
- Marine Shipping
- CEO
- David W. Grzebinski
- Employees
- 5,233
- Website
- kirbycorp.com
- Address
- 55 Waugh Drive, Houston, TX, 77007, US
Kirby (KEX) Earnings & Revenues
KEX Company Deck
KEX Earnings Call
Earnings Call SentimentPositive
The call was strongly positive. Record EPS, double-digit Marine Transportation growth, improving inland pricing and utilization, a power-generation backlog above $1.5 billion, raised full-year guidance, strong liquidity, and favorable market fundamentals significantly outweighed the stated challenges from fuel and inflationary costs, coastal shipyard activity, elevated working capital, constrained OEM engine availability, and on-highway weakness.
View all MX:KEX earnings summariesKEX Net sales Breakdown
- 55.70% Marine transportation
- 44.30% Distribution and services







