HAFN vs STNG vs KEX Stock Comparison

Hafnia, Scorpio Tankers and Kirby Prices as of Oct 29, 2026 Peers: Industry group
HAFN Hafnia Ltd
$11.07 +14.6% 1M +75.2% 1Y
Market cap
$5.44B
P/E
5.1x
Revenue (TTM)
$1.52B
Div. yield
–
Marine Shipping Industrials
3 wins
STNG Scorpio Tankers Inc.
$95.07 +13.8% 1M +53.3% 1Y
Market cap
$4.32B
P/E
5.0x
Revenue (TTM)
$1.24B
Div. yield
–
Marine Shipping Industrials
5 wins
KEX Kirby Corp
$145.98 +10.7% 1M +44.5% 1Y
Market cap
$7.66B
P/E
20.5x
Revenue (TTM)
$3.60B
Div. yield
–
Marine Shipping Industrials
2 wins

Head to Head

10 decided of 12

Scorpio Tankers leads on 5 of the 12 questions below (Scorpio Tankers 5, Hafnia 3, Kirby 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHAFNSTNGKEXLeader
Larger companyMarket capitalisation $5.44B $4.32B $7.66B KEX
Cheaper on earningsLower P/E, profitable companies only 5.1x 5.0x 20.5x STNG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.6x 7.7x 21.3x HAFN
Faster revenue growthRevenue growth, trailing twelve months +30.5% +39.5% +8.5% STNG
More profitableNet margin, trailing twelve months 70.2% 69.3% — HAFN
Better return on capitalReturn on invested capital 19.3% — — –
Less leveragedLower net debt / EBITDA 0.7x -1.3x — STNG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +75.2% +53.3% +44.5% HAFN
Better 5-year returnAnnualised price return, 5 years — +42.8%/yr +22.8%/yr STNG
Less volatileAnnualised volatility, 1 year 36.7% 37.0% 26.7% KEX
Higher overall scoreMean of the five percentile scores vs peers 74/100 75/100 — STNG

Percentile Scorecard

HAFNSTNGKEX

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

AxisHAFNSTNGKEX
Valuation 64 #50 of 136 84 #23 of 136 43 #78 of 136
Growth 68 #39 of 121 81 #24 of 121 79 #26 of 121
Profitability 92 #10 of 112 93 #9 of 112 –
Financial Health 77 #33 of 140 94 #10 of 140 –
Shareholder Returns 70 #25 of 80 24 #61 of 80 –
Overall 74 75 –
  • HAFN ranked among 150 companies in Transportation
  • STNG ranked among 150 companies in Transportation
  • KEX ranked among 150 companies in Transportation

Price Performance

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

Returns

PeriodHAFNSTNGKEXSPY
1 month +14.6%+13.8%+10.7% +0.7%
3 months +43.8%+25.9%+10.3% +3.7%
6 months +24.2%+16.9%-3.0% +7.1%
Year to date +107.7%+87.0%+32.5% +12.8%
1 year +75.2%+53.3%+44.5% +11.9%
3 years +70.4%+68.9%+97.6% +85.2%
3 years, per year +19.5%+19.1%+25.5% +22.8%
5 years —+493.4%+178.5% +67.6%
5 years, per year —+42.8%+22.8% +10.9%
10 years —+139.5%+147.4% +262.0%
10 years, per year —+9.1%+9.5% +13.7%

Risk

MeasureHAFNSTNGKEXSPY
Volatility, 1Y 36.7%37.0%26.7% 12.7%
Downside volatility, 1Y 38.8%34.5%27.1% 12.6%
Beta vs S&P 500, 1Y 0.140.160.56 1.00
Return / volatility, 1Y 2.051.441.67 0.94
Max drawdown, 5Y -59.2%-61.9%-38.8% -25.4%
From 52-week high 0.0%0.0%-4.3% -1.2%
52-week high $11.07$95.07$152.59 $779.14
52-week low $5.21$49.51$100.99 $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.

MultipleHAFNSTNGKEX
P/E now vs peer median 5.2xmedian 16.5x 5.2xmedian 16.5x 20.9xmedian 16.5x
P/S now vs peer median 3.6xmedian 0.9x 4.0xmedian 0.9x 2.1xmedian 0.9x
EV/EBITDA now vs peer median 7.1xmedian 8.8x 2.9xmedian 8.8x —median 8.8x
P/FCF now vs peer median 7.1xmedian 11.9x 5.9xmedian 11.9x 14.6xmedian 11.9x
P/B now vs peer median 2.1xmedian 1.2x 1.3xmedian 1.2x —median 1.2x
PEG now vs peer median —median 0.84 0.30median 0.84 0.75median 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 monthsHAFNSTNGKEX
Revenue $1.52B $1.24B $3.60B
Gross profit $835.92M $972.55M –
Operating income $673.55M $1.02B $510.61M
Net income $658.69M $956.23M –
Free cash flow $781.70M $833.30M –
EPS (diluted) $2.12 $17.55 $6.96
Cash & equivalents $353.16M $2.04B –
Total debt $5.60B $522.53M –
Shares (diluted) 504.11M 48.95M 53.70M
Enterprise value $4.52B -$1.30B $7.66B

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
MetricHAFNSTNGKEX
P/E 5.2x 5.2x 20.9x
P/FCF 7.1x 5.9x 14.6x
P/Operating cash flow 7.8x 5.9x 12.3x
P/S 3.6x 4.0x 2.1x
P/B 2.1x 1.3x –
P/Tangible book 2.1x 1.3x –
EV/EBITDA 7.1x 2.9x –
EV/EBIT 9.1x 3.3x –
EV/Revenue 4.0x 2.7x 2.1x
EV/FCF 7.9x 4.1x –
EV/Operating cash flow 8.7x 4.1x 12.3x
PEG (3Y EPS CAGR) – 0.30 0.75

Growth

14 metrics
MetricHAFNSTNGKEX
Revenue growth (1Y) 30.5% 39.5% 8.5%
Revenue CAGR (3Y) – -6.1% 6.0%
Gross profit growth (1Y) 41.7% 63.4% –
Gross profit CAGR (3Y) – -6.3% –
Operating income growth (1Y) 43.5% 221.8% 22.5%
Operating income CAGR (3Y) – 6.2% 19.4%
Net income growth (1Y) 51.8% 235.8% –
Net income CAGR (3Y) – 11.5% –
EPS growth (1Y) 22.6% 227.2% 27.4%
EPS CAGR (3Y) – 17.3% 28.0%
Operating cash flow growth (1Y) -12.7% 89.5% 3.3%
Operating cash flow CAGR (3Y) – -5.8% 11.0%
Free cash flow growth (1Y) -3.9% 89.5% –
Free cash flow CAGR (3Y) – -5.8% –

Profitability

14 metrics
MetricHAFNSTNGKEX
Gross margin 55.0% 78.4% –
EBITDA margin 57.3% 95.3% –
Operating margin 44.3% 82.2% –
Pretax margin 43.4% 77.7% –
Net margin 70.2% 69.3% –
FCF margin 51.5% 67.2% –
Operating cash flow margin 46.3% 67.2% 17.4%
Return on equity 25.4% 25.5% –
Return on assets 16.5% 20.5% –
Return on invested capital 19.3% – –
Return on capital employed 20.2% 22.4% –
Asset turnover 0.4x 0.3x –
Cash conversion (OCF / net income) 1.1x 0.9x –
Stock comp / revenue 0.2% 6.1% –

Financial Health

11 metrics
MetricHAFNSTNGKEX
Debt / assets 24.9% 11.1% –
Debt / equity 0.4x 0.1x –
Net debt / EBITDA 0.7x -1.3x –
Debt / FCF 1.3x 0.6x –
Liabilities / assets 33.1% 17.7% –
Equity / assets 66.9% 82.3% –
Interest coverage 26.9x 13.2x –
Current ratio 1.7x 20.7x –
Quick ratio 1.5x 19.9x –
Cash ratio 0.5x 17.9x –
Altman Z-score 3.96 5.75 –

Shareholder Returns

7 metrics
MetricHAFNSTNGKEX
Dividend yield 10.1% 1.9% –
Net buyback yield -0.1% 0.0% –
Shareholder yield 10.0% 1.9% –
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.

ConsensusHAFNSTNGKEX
Forward P/E 7.6xFY2026 7.7xFY2026 21.3xFY2026
EPS, next fiscal year $1.45FY2026 $12.28FY2026 $6.86FY2026
EPS growth, next FY +113.2%FY2026 +122.9%FY2026 +8.4%FY2026
EPS growth, the year after -14.5% -31.4% +29.0%
Revenue, next fiscal year $1.36BFY2026 $1.29BFY2026 $3.49BFY2026
Revenue growth, next FY +42.6%FY2026 +43.2%FY2026 +4.0%FY2026
Revenue growth, the year after -11.3% -21.9% +4.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHAFNSTNGKEX
Held by institutions – 79.3% 99.6%
Institutions holding – 303 465
Change in shares held, QoQ – +6.1% -0.1%
Institutions buying – 185 252
Institutions selling – 80 145
Buyers to sellers – 2.31 1.74

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.

HAFNSTNGKEX
HAFN 1.00 0.73 0.22
STNG 0.73 1.00 0.21
KEX 0.22 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HAFN, STNG and KEX?

Kirby (KEX) is the largest by market capitalisation: Hafnia (HAFN) $5.44B, Scorpio Tankers (STNG) $4.32B, Kirby (KEX) $7.66B.

Which stock is cheaper, HAFN, STNG and KEX?

Scorpio Tankers (STNG) trades on the lowest price-to-earnings ratio (Hafnia (HAFN) 5.1x, Scorpio Tankers (STNG) 5.0x, Kirby (KEX) 20.5x). On next year's consensus earnings, Hafnia (HAFN) is cheapest (Hafnia (HAFN) 7.6x, Scorpio Tankers (STNG) 7.7x, Kirby (KEX) 21.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Scorpio Tankers (STNG) grew revenue fastest over the trailing twelve months: Hafnia (HAFN) +30.5%, Scorpio Tankers (STNG) +39.5%, Kirby (KEX) +8.5%.

Which company is more profitable?

Hafnia (HAFN) has the highest net margin (Hafnia (HAFN) 70.2%, Scorpio Tankers (STNG) 69.3%).

Which stock has performed better?

Over the past year Hafnia (HAFN) returned the most: Hafnia (HAFN) +75.2%, Scorpio Tankers (STNG) +53.3%, Kirby (KEX) +44.5%. Over five years, Scorpio Tankers (STNG) compounded fastest (Scorpio Tankers (STNG) +42.8%/yr, Kirby (KEX) +22.8%/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%, Scorpio Tankers (STNG) 37.0%, Kirby (KEX) 26.7%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Scorpio Tankers (STNG) leads on 5. 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.