0001193125-26-054016
SEC filingKirby Corporation reported strong financial performance for fiscal year 2025, ending December 31, 2025. The company generated $3.36 billion in revenues, with operating income of $496.3 million and net earnings attributable to Kirby of $354.6 million. Earnings per share were $6.00 on both basic and diluted bases. The company maintained robust cash flow generation, with net cash provided by operating activities reaching $670.2 million. The balance sheet remained solid with total assets of $6.01 billion and total equity of $3.38 billion. Kirby's financial position was strengthened by disciplined capital allocation, including $264.5 million in capital expenditures and $115.7 million in acquisitions of businesses and marine equipment, while also returning capital to shareholders through treasury stock purchases of $354.2 million.
Kirby Corporation delivered solid financial results for fiscal year 2025, with revenues of $3.36 billion and operating income of $496.3 million. The company achieved net earnings of $355.4 million, with net earnings attributable to Kirby of $354.6 million after accounting for $846,000 attributable to noncontrolling interests. Earnings per share were $6.00 on both basic and diluted bases. The company maintained strong profitability metrics, with operating margin of 14.8% calculated from operating income of $496.3 million on revenues of $3.36 billion. Total costs and expenses were $2.87 billion, consisting of costs of sales and operating expenses of $2.22 billion, selling, general and administrative expenses of $356.3 million, taxes other than on income of $35.6 million, and depreciation and amortization of $264.1 million, partially offset by a gain on disposition of assets of $4.8 million.
The company reported total revenues of $3.36 billion for fiscal year 2025. No segment breakdown or geographic mix was provided in the available data. The revenue figure represents the company's consolidated performance across all operations. No specific growth drivers or segment performance details were disclosed in the provided financial data.
Kirby Corporation maintained healthy profitability with operating income of $496.3 million, representing an operating margin of 14.8%. The company's cost structure included costs of sales and operating expenses of $2.22 billion (66.1% of revenue), selling, general and administrative expenses of $356.3 million (10.6% of revenue), and depreciation and amortization of $264.1 million (7.9% of revenue). Earnings before taxes on income were $471.4 million, with provision for taxes on income of $116.0 million resulting in an effective tax rate of 24.6%. The company reported no impairments during the period.
The company generated strong operating cash flow of $670.2 million, driven by net earnings of $355.4 million and adjustments including depreciation and amortization of $264.1 million. Free cash flow, calculated as operating cash flow of $670.2 million less capital expenditures of $264.5 million and acquisitions of $115.7 million, was $318.0 million. The balance sheet shows total assets of $6.01 billion, including current assets of $1.08 billion and property and equipment of $4.10 billion. Total liabilities were $2.62 billion, consisting of current liabilities of $706.5 million and long-term liabilities of $1.92 billion. The company maintained a solid equity position of $3.38 billion. Long-term debt, net of current portion, was $911.9 million.
No specific management guidance, strategic priorities, or risk factors were provided in the available financial data. The company's capital allocation during the period included significant investments in capital expenditures ($264.5 million) and acquisitions ($115.7 million), along with treasury stock purchases of $354.2 million, indicating a focus on both growth and shareholder returns. The company ended the year with cash and cash equivalents of $80.6 million.