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Kirby Corporation (KEX)



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Upturn Advisory Summary
06/17/2025: KEX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $128.6
1 Year Target Price $128.6
5 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 46.16% | Avg. Invested days 75 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.36B USD | Price to earnings Ratio 22.46 | 1Y Target Price 128.6 |
Price to earnings Ratio 22.46 | 1Y Target Price 128.6 | ||
Volume (30-day avg) 5 | Beta 0.97 | 52 Weeks Range 83.94 - 132.21 | Updated Date 06/30/2025 |
52 Weeks Range 83.94 - 132.21 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 5.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 9.02% | Operating Margin (TTM) -53.06% |
Management Effectiveness
Return on Assets (TTM) 4.38% | Return on Equity (TTM) 8.96% |
Valuation
Trailing PE 22.46 | Forward PE 17.54 | Enterprise Value 7679897000 | Price to Sales(TTM) 1.96 |
Enterprise Value 7679897000 | Price to Sales(TTM) 1.96 | ||
Enterprise Value to Revenue 2.37 | Enterprise Value to EBITDA 11.56 | Shares Outstanding 56100000 | Shares Floating 59528049 |
Shares Outstanding 56100000 | Shares Floating 59528049 | ||
Percent Insiders 0.72 | Percent Institutions 101.43 |
Analyst Ratings
Rating 3 | Target Price 128.6 | Buy - | Strong Buy 5 |
Buy - | Strong Buy 5 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Kirby Corporation

Company Overview
History and Background
Kirby Corporation, founded in 1921, is a leading tank barge operator in the United States, transporting bulk liquid products and providing diesel engine services.
Core Business Areas
- Marine Transportation: Transports bulk liquid products, such as petrochemicals, refined petroleum products, black oil, and agricultural chemicals, using tank barges along the Mississippi River System, the Gulf Intracoastal Waterway, and coastwise routes.
- Distribution and Services: Provides after-market service and parts for medium-speed and high-speed diesel engines, reduction gears, and related equipment used in marine, power generation, and other industrial applications.
Leadership and Structure
David Grzebinski serves as the President and CEO. The organizational structure is segmented by business area, with dedicated teams for marine transportation and distribution and services.
Top Products and Market Share
Key Offerings
- Product Name 1: Inland Tank Barge Transportation Services: This is the core of Kirby's business. They transport a variety of liquid bulk cargo. Kirby is the dominant player. Competitors include American Commercial Barge Line (private) and Ingram Marine Group (private). Market share is approximately 25%
- Product Name 2: Diesel Engine Services: Includes parts, repair, and maintenance for diesel engines used in marine and industrial applications. Competitors include Stewart & Stevenson (private) and Cummins (CMI). Kirby doesn't disclose revenue for this product specifically.
Market Dynamics
Industry Overview
The inland waterways transportation industry is heavily influenced by economic activity, weather patterns, and regulations. The diesel engine services market is dependent on the maintenance needs of existing equipment and the demand for new engines.
Positioning
Kirby Corporation is the largest tank barge operator in the US inland waterways, giving it a strong competitive advantage through scale and geographic reach.
Total Addressable Market (TAM)
The total addressable market for inland waterway transportation is estimated to be in the billions of dollars annually. Kirby captures a significant portion of this TAM, benefitting from its market leadership.
Upturn SWOT Analysis
Strengths
- Market leadership in inland tank barge transportation
- Extensive network of barges and terminals
- Diversified service offerings in distribution and services
- Strong customer relationships
- Experienced management team
Weaknesses
- Dependence on cyclical industries
- Exposure to weather-related disruptions
- High capital expenditure requirements
- Susceptibility to regulatory changes
- Highly Fragmented barge market.
Opportunities
- Expanding transportation services to new geographic areas
- Increasing demand for petrochemical and refined products
- Growth in the diesel engine services market
- Acquisition opportunities
- Infrastructure improvements to waterways
Threats
- Economic downturns
- Adverse weather conditions
- Increased competition
- Stringent environmental regulations
- Fuel price volatility
Competitors and Market Share
Key Competitors
- ACBI (American Commercial Barge Line)
- INGM (Ingram Marine Group)
- HL (Hornbeck Offshore Services)
Competitive Landscape
Kirby's large scale and integrated services provide a competitive edge. However, regional players and specialized operators pose competition in specific markets.
Major Acquisitions
Stewart & Stevenson Gas Turbine Services
- Year: 2017
- Acquisition Price (USD millions): 710
- Strategic Rationale: Expanded Kirby's distribution and services business into the gas turbine market.
Growth Trajectory and Initiatives
Historical Growth: Kirby has grown through organic expansion and strategic acquisitions.
Future Projections: Analyst estimates vary, but generally project continued growth in revenue and earnings, driven by increased demand for energy and chemical transportation.
Recent Initiatives: Recent initiatives include fleet optimization, cost reduction programs, and investments in new technologies.
Summary
Kirby Corporation is a strong player in the inland tank barge industry. They are the market leader and benefit from their scale and diversification. Potential threats come from economic downturns, and competition in the market. The company's growth strategy includes both organic expansion and acquisitions. The financials are solid based on existing information. This makes the company attractive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Kirby Corporation Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Reports
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and general knowledge. Financial data is illustrative and may not be current. Investment decisions should be based on thorough research and professional advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Kirby Corporation
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 1991-08-21 | CEO & Director Mr. David W. Grzebinski C.F.A. | ||
Sector Industrials | Industry Marine Shipping | Full time employees 5414 | Website https://kirbycorp.com |
Full time employees 5414 | Website https://kirbycorp.com |
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. It also transports petrochemicals, black oils, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barges and tugboat units that are engaged in the offshore transportation of dry-bulk cargos in the United States coastal trade. It owns and operates 1,094 inland tank barges, approximately 281 inland towboats, 28 coastal tank barges, 24 coastal tugboats, 4 offshore dry-bulk cargo barges, 3 offshore tugboats, and a docking tugboat. Its Distribution and Services segment sells after-market service and genuine replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, electrical distribution and control systems, energy storage battery systems, and related oilfield service equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications; rents generators, industrial compressors, high capacity lift trucks, and refrigeration trailers; and manufactures and remanufactures oilfield service equipment, including pressure pumping units, as well as manufacturers electric power generation equipment, specialized electrical distribution and control equipment, and high capacity energy storage/battery systems. It serves to various companies, the United States government, and pleasure crafts. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
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