Kirby Corporation (KEX) Stock

Kirby Corporation (KEX) is a Industrials stock trading at $138.74 (as of 2026-08-24), with a market capitalization of $7.42B and a trailing P/E of 20.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Kirby Corporation operates tank barges and related vessels in the United States through its Marine Transportation segment, providing marine transportation and towing for bulk liquid and dry-bulk cargo. Its Distribution and Services segment supplies aftermarket and replacement parts and related oilfield equipment, and performs rebuild and service activities.

Understand Kirby Corporation: how it makes money

Kirby Corporation operates tank barges that transport bulk liquid products in the United States, including inland Mississippi River System and coastal routes, and it also runs a distribution and services business that supplies power generation and other commercial and industrial customers.

Earnings are driven by how effectively its inland and coastal barge fleets are employed, and by the portion of revenue covered by long-term contracts.

Revenue by segment (latest quarter)
Marine$0.5B
Distribution$0.3B

Business quality (Mixed): The company has clear operating levers tied to fleet utilization and contract coverage, but performance can be pressured when specific end markets such as oil and gas weaken.

Valuation: At 22× earnings, KEX trades 23% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Contract-backed inland revenue: Long-Term Inland Marine Transportation Contracts as a Percentage of Inland Revenue is 70%, and Time Charters Share of Long-Term Inland Marine Transportation Contracts is 56%.
  • Strong fleet utilization signal: Inland Barge Utilization Rate (Quarterly Average Range) is 90%, and Coastal Barge Utilization is 90%.

Bear case

  • Oil and gas weakness can weigh on results: Oil and Gas Revenue Decline (Year Over Year) is 27%, and Oil and Gas Share of Distribution and Services Segment Revenue is 10%.
  • Operational timing impacts can matter: The company tracks Inland Delay Days (3264.0), and Inland Marine Delay Days Versus Prior Quarter (50.0) indicates that near-term delay dynamics are monitored closely.
Valuation — source: SEC EDGAR (first-party)
Price$138.74
Market Cap$7.42B
P/E Ratio20.6
EV / EBITDA11.9
Price / Book2.17
Price / Sales2.17
FCF Yield6.4%
DCF Value (model)$75.56
DCF Upside vs Price-45.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.36B
Net Margin10.5%
Revenue Growth (YoY)7.4%
EPS Growth (YoY)13.5%
FCF Growth (YoY)-217.2%
Financial Health — source: SEC EDGAR
Altman Z-Score3.38 (safe)
Valuation vs Sector & Industry
Stock P/E20.6
Sector P/E (Industrials)26.0
Industry P/E (Transportation)17.0
vs Sector-20.6%
vs Industry21.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($701.23M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorIndustrials
IndustryTransportation
CEODavid W. Grzebinski
Employees5,414
CountryUS
IPO Date1980-03-17

Related Companies (Transportation; 8 comparable transport companies)

  • Matson, Inc. (MATX)
  • Tidewater Inc. (TDW)
  • International Seaways, Inc. (INSW)
  • Norwegian Cruise Line Holdings Ltd. (NCLH)
  • Nordic American Tankers Limited (NAT)
  • Royal Caribbean Cruises Ltd. (RCL)
  • Carnival Corporation & plc (CCL)
  • Pangaea Logistics Solutions, Ltd. (PANL)
KEX earnings history · KEX institutional & insider holders · KEX KPIs & operating metrics · KEX financials · KEX investor presentations & press releases · KEX SEC filings · KEX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.