Kirby (KEX) Gross Margin (2009 - 2025)
Kirby (KEX) recorded quarterly Gross Margin of 34.2% in Q4 2025, up 2.51% quarter-over-quarter from 33.37% in Q3 2025, and up 193.0% on a YoY basis from 11.67% in Q4 2024.
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.
- In Q4 2025, Gross Margin rose 193.0% year-over-year to 34.2%; the TTM figure through Dec 2025 stood at 34.11% (up 149.0% YoY), while the FY2025 annual figure was 34.11%, up 149.0% from the prior year.
- Gross Margin was 34.2% for Q4 2025 at Kirby, up from 33.37% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 34.79% in Q1 2025 to a low of 24.94% in Q2 2022.
- Historically, Gross Margin has averaged 29.73% across 5 years, with a median of 29.73% in 2023.
- The sharpest annual moves came in 2021 and 2023: Gross Margin tumbled 593 bps in 2021, then jumped 480 bps in 2023.
- A 5-year view of Gross Margin shows it 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.
- The last three Gross Margin figures came in at 34.2% (Q4 2025), 33.37% (Q3 2025), and 34.16% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 78.71% |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 34.20% |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | - |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 67.88% |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | 123.50% |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | 4.10% |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | - |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 73.39% |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Capital Clean Energy Carriers | 1.33 Bn | 792.93 Mn | 78.44 Mn | 80.04% |
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% |