HAFN vs KEX vs INSW Stock Comparison

Hafnia, Kirby and International Seaways Prices as of Oct 29, 2026 Peers: Industry group
HAFN Hafnia Ltd
$11.07 +14.6% 1M +75.2% 1Y
Market cap
$5.43B
P/E
5.1x
Revenue (TTM)
$1.52B
Div. yield
–
Marine Shipping Industrials
2 wins
KEX Kirby Corp
$145.98 +10.7% 1M +44.5% 1Y
Market cap
$7.71B
P/E
20.6x
Revenue (TTM)
$3.60B
Div. yield
–
Marine Shipping Industrials
2 wins

Head to Head

11 decided of 12

International Seaways leads on 7 of the 12 questions below (International Seaways 7, Kirby 2, Hafnia 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHAFNKEXINSWLeader
Larger companyMarket capitalisation $5.43B $7.71B $5.53B KEX
Cheaper on earningsLower P/E, profitable companies only 5.1x 20.6x 7.1x HAFN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.6x 21.3x 6.5x INSW
Faster revenue growthRevenue growth, trailing twelve months +30.5% +8.5% +57.4% INSW
More profitableNet margin, trailing twelve months 70.2% — 62.0% HAFN
Better return on capitalReturn on invested capital 19.3% — 28.3% INSW
Less leveragedLower net debt / EBITDA 0.7x — 0.2x INSW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +75.2% +44.5% +124.1% INSW
Better 5-year returnAnnualised price return, 5 years — +22.8%/yr +45.3%/yr INSW
Less volatileAnnualised volatility, 1 year 36.7% 26.7% 40.0% KEX
Higher overall scoreMean of the five percentile scores vs peers 74/100 — 82/100 INSW

Percentile Scorecard

HAFNKEXINSW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHAFNKEXINSW
Valuation 64 #50 of 136 43 #78 of 136 46 #74 of 136
Growth 68 #39 of 121 79 #26 of 121 82 #23 of 121
Profitability 92 #10 of 112 – 97 #4 of 112
Financial Health 77 #33 of 140 – 89 #16 of 140
Shareholder Returns 70 #25 of 80 – 95 #5 of 80
Overall 74 – 82
  • HAFN ranked among 150 companies in Transportation
  • KEX ranked among 150 companies in Transportation
  • INSW ranked among 150 companies in Transportation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHAFNKEXINSWSPY
1 month +14.6%+10.7%+3.0% +0.7%
3 months +43.8%+10.3%+19.4% +3.7%
6 months +24.2%-3.0%+37.0% +7.1%
Year to date +107.7%+32.5%+134.1% +12.8%
1 year +75.2%+44.5%+124.1% +11.9%
3 years +70.4%+97.6%+136.5% +85.2%
3 years, per year +19.5%+25.5%+33.3% +22.8%
5 years —+178.5%+547.6% +67.6%
5 years, per year —+22.8%+45.3% +10.9%
10 years —+147.4%— +262.0%
10 years, per year —+9.5%— +13.7%

Risk

MeasureHAFNKEXINSWSPY
Volatility, 1Y 36.7%26.7%40.0% 12.7%
Downside volatility, 1Y 38.8%27.1%37.5% 12.6%
Beta vs S&P 500, 1Y 0.140.560.30 1.00
Return / volatility, 1Y 2.051.673.10 0.94
Max drawdown, 5Y -59.2%-38.8%-55.8% -25.4%
From 52-week high 0.0%-4.3%-9.1% -1.2%
52-week high $11.07$152.59$125.00 $779.14
52-week low $5.21$100.99$46.81 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHAFNKEXINSW
P/E now vs peer median 5.2xmedian 16.5x 20.9xmedian 16.5x 7.2xmedian 16.5x
P/S now vs peer median 3.6xmedian 0.9x 2.1xmedian 0.9x 4.5xmedian 0.9x
EV/EBITDA now vs peer median 7.1xmedian 8.8x —median 8.8x 6.0xmedian 8.8x
P/FCF now vs peer median 7.1xmedian 11.9x 14.6xmedian 11.9x 20.9xmedian 11.9x
P/B now vs peer median 2.1xmedian 1.2x —median 1.2x 2.5xmedian 1.2x
PEG now vs peer median —median 0.84 0.75median 0.84 1.32median 0.84

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHAFNKEXINSW
Revenue $1.52B $3.60B $1.26B
Gross profit $835.92M – –
Operating income $673.55M $510.61M $806.76M
Net income $658.69M – $779.12M
Free cash flow $781.70M – $269.32M
EPS (diluted) $2.12 $6.96 $15.62
Cash & equivalents $353.16M – $159.40M
Total debt $5.60B – $645.62M
Shares (diluted) 504.11M 53.70M 49.86M
Enterprise value $4.51B $7.71B $4.16B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHAFNKEXINSW
P/E 5.2x 20.9x 7.2x
P/FCF 7.1x 14.6x 20.9x
P/Operating cash flow 7.8x 12.3x 8.9x
P/S 3.6x 2.1x 4.5x
P/B 2.1x – 2.5x
P/Tangible book 2.1x – 2.5x
EV/EBITDA 7.1x – 6.0x
EV/EBIT 9.1x – 7.3x
EV/Revenue 4.0x 2.1x 4.7x
EV/FCF 7.9x – 21.8x
EV/Operating cash flow 8.7x 12.3x 9.3x
PEG (3Y EPS CAGR) – 0.75 1.32

Growth

14 metrics
MetricHAFNKEXINSW
Revenue growth (1Y) 30.5% 8.5% 57.4%
Revenue CAGR (3Y) – 6.0% 2.9%
Gross profit growth (1Y) 41.7% – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 43.5% 22.5% 193.8%
Operating income CAGR (3Y) – 19.4% 4.1%
Net income growth (1Y) 51.8% – 226.4%
Net income CAGR (3Y) – – 5.8%
EPS growth (1Y) 22.6% 27.4% 223.8%
EPS CAGR (3Y) – 28.0% 5.5%
Operating cash flow growth (1Y) -12.7% 3.3% 67.3%
Operating cash flow CAGR (3Y) – 11.0% -2.7%
Free cash flow growth (1Y) -3.9% – 34.3%
Free cash flow CAGR (3Y) – – -14.9%

Profitability

14 metrics
MetricHAFNKEXINSW
Gross margin 55.0% – –
EBITDA margin 57.3% – 77.6%
Operating margin 44.3% – 64.2%
Pretax margin 43.4% – 61.4%
Net margin 70.2% – 62.0%
FCF margin 51.5% – 21.4%
Operating cash flow margin 46.3% 17.4% 50.4%
Return on equity 25.4% – 34.6%
Return on assets 16.5% – 26.2%
Return on invested capital 19.3% – 28.3%
Return on capital employed 20.2% – 28.7%
Asset turnover 0.4x – 0.4x
Cash conversion (OCF / net income) 1.1x – 0.8x
Stock comp / revenue 0.2% – 0.6%

Financial Health

11 metrics
MetricHAFNKEXINSW
Debt / assets 24.9% – 21.4%
Debt / equity 0.4x – 0.3x
Net debt / EBITDA 0.7x – 0.2x
Debt / FCF 1.3x – 2.4x
Liabilities / assets 33.1% – 25.0%
Equity / assets 66.9% – 75.0%
Interest coverage 26.9x – 19.7x
Current ratio 1.7x – 5.9x
Quick ratio 1.5x – 7.3x
Cash ratio 0.5x – 3.1x
Altman Z-score 3.96 – 6.40

Shareholder Returns

7 metrics
MetricHAFNKEXINSW
Dividend yield 10.1% – 7.1%
Net buyback yield -0.1% – –
Shareholder yield 10.0% – 7.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHAFNKEXINSW
Forward P/E 7.6xFY2026 21.3xFY2026 6.5xFY2026
EPS, next fiscal year $1.45FY2026 $6.86FY2026 $17.52FY2026
EPS growth, next FY +113.2%FY2026 +8.4%FY2026 +223.2%FY2026
EPS growth, the year after -14.5% +29.0% -35.2%
Revenue, next fiscal year $1.36BFY2026 $3.49BFY2026 $1.35BFY2026
Revenue growth, next FY +42.6%FY2026 +4.0%FY2026 +64.2%FY2026
Revenue growth, the year after -11.3% +4.7% -10.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHAFNKEXINSW
Held by institutions – 99.6% 81.7%
Institutions holding – 465 365
Change in shares held, QoQ – -0.1% +5.2%
Institutions buying – 252 228
Institutions selling – 145 86
Buyers to sellers – 1.74 2.65

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HAFNKEXINSW
HAFN 1.00 0.22 0.72
KEX 0.22 1.00 0.17
INSW 0.72 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HAFN, KEX and INSW?

Kirby (KEX) is the largest by market capitalisation: Hafnia (HAFN) $5.43B, Kirby (KEX) $7.71B, International Seaways (INSW) $5.53B.

Which stock is cheaper, HAFN, KEX and INSW?

Hafnia (HAFN) trades on the lowest price-to-earnings ratio (Hafnia (HAFN) 5.1x, Kirby (KEX) 20.6x, International Seaways (INSW) 7.1x). On next year's consensus earnings, International Seaways (INSW) is cheapest (Hafnia (HAFN) 7.6x, Kirby (KEX) 21.3x, International Seaways (INSW) 6.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

International Seaways (INSW) grew revenue fastest over the trailing twelve months: Hafnia (HAFN) +30.5%, Kirby (KEX) +8.5%, International Seaways (INSW) +57.4%.

Which company is more profitable?

Hafnia (HAFN) has the highest net margin (Hafnia (HAFN) 70.2%, International Seaways (INSW) 62.0%). On return on invested capital, International Seaways (INSW) leads (Hafnia (HAFN) 19.3%, International Seaways (INSW) 28.3%).

Which stock has performed better?

Over the past year International Seaways (INSW) returned the most: Hafnia (HAFN) +75.2%, Kirby (KEX) +44.5%, International Seaways (INSW) +124.1%. Over five years, International Seaways (INSW) compounded fastest (Kirby (KEX) +22.8%/yr, International Seaways (INSW) +45.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Kirby (KEX) has been the steadiest (Hafnia (HAFN) 36.7%, Kirby (KEX) 26.7%, International Seaways (INSW) 40.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HAFN, KEX and INSW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, International Seaways (INSW) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.