Kirby (KEX) Gross Margin (2009 - 2025)
Kirby's (KEX) quarterly Gross Margin came in at 34.2% in Q4 2025, up 193.0% year-on-year from 11.67% in Q4 2024, and up 2.51% quarter-over-quarter from 33.37% in Q3 2025.
Kirby (KEX) Gross Margin (2009 - 2025) Analysis & Trends
Kirby's Gross Margin history runs 17 years deep, the most recent figure standing at 34.2% for Q4 2025.
- On a quarterly basis, Gross Margin rose 193.0% year-over-year to 34.2% in Q4 2025; TTM through Dec 2025 was 34.11%, a 149.0% increase from a year earlier, with the FY2025 full-year figure at 34.11%, up 149.0% from the prior year.
- Gross Margin grew to 34.2% in Q4 2025 per KEX's latest filing, from 33.37% in the prior quarter.
- Across five years, Gross Margin topped out at 34.79% in Q1 2025 and bottomed at 24.94% in Q2 2022.
- The 5-year median for Gross Margin is 29.73% (2023), against an average of 29.73%.
- Across the five-year window, Gross Margin tumbled 593 bps in 2021 and soared 480 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 26.61% in 2021, then climbed by 1 bps to 26.86% in 2022, then grew by 11 bps to 29.71% in 2023, then grew by 9 bps to 32.28% in 2024, then rose by 6 bps to 34.2% in 2025.
- Per Business Quant, the three latest KEX Gross Margin figures stand at 34.2% (Q4 2025), 33.37% (Q3 2025), and 34.16% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 2,960,125.28 Bn | 2,960,124.36 Bn | 57.20 Mn | 4.10% |
| 2 | Danaos | 2,540.11 Bn | 2,539.24 Bn | 203.71 Mn | 80.30% |
| 3 | Sfl | 1,567.42 Bn | 1,567.27 Bn | 66.27 Mn | 49.51% |
| 4 | Capital Clean Energy Carriers | 1,428.00 Bn | 1,427.46 Bn | 95.52 Mn | 97.46% |
| 5 | Globus Maritime | 60.18 Bn | 60.15 Bn | 8,083.00 | 65.99% |
| 6 | Kirby | 8.05 Bn | 7.97 Bn | 291.34 Mn | 34.20% |
| 7 | Matson | 6.24 Bn | 6.14 Bn | - | - |
| 8 | Intercont (Cayman) | 3.99 Bn | 3.99 Bn | - | - |
| 9 | Hafnia | 3.72 Bn | 3.61 Bn | 152.41 Mn | 67.88% |
| 10 | Star Bulk Carriers | 3.11 Bn | 2.62 Bn | 493.84 Mn | 164.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 34.20% |
| Sep 30, 2025 | 33.37% |
| Jun 30, 2025 | 34.16% |
| Mar 31, 2025 | 34.79% |
| Dec 31, 2024 | 32.28% |
| Sep 30, 2024 | 33.57% |
| Jun 30, 2024 | 32.77% |
| Mar 31, 2024 | 31.85% |
| Dec 31, 2023 | 29.71% |
| Sep 30, 2023 | 30.63% |
| Jun 30, 2023 | 29.74% |
| Mar 31, 2023 | 27.77% |
| Dec 31, 2022 | 26.86% |
| Sep 30, 2022 | 25.94% |
| Jun 30, 2022 | 24.94% |
| Mar 31, 2022 | 26.22% |
| Dec 31, 2021 | 26.61% |
| Sep 30, 2021 | 25.45% |
| Jun 30, 2021 | 26.83% |
| Mar 31, 2021 | 26.93% |