Kirby (KEX) Operating Expenses (2009 - 2025)
Kirby's (KEX) quarterly Operating Expenses came in at $722.1 million in Q4 2025, down 4.0% year-on-year from $752.2 million in Q4 2024, and down 2.67% quarter-over-quarter from $741.9 million in Q3 2025.
Kirby (KEX) Operating Expenses (2009 - 2025) Analysis & Trends
Kirby's Operating Expenses history runs 17 years deep, the most recent figure standing at $722.1 million for Q4 2025.
- On a quarterly basis, Operating Expenses fell 4.0% year-over-year to $722.1 million in Q4 2025; TTM through Dec 2025 was $2.9 billion, a 0.03% change from a year earlier, with the FY2025 full-year figure at $2.9 billion, changed 0.03% from the prior year.
- Operating Expenses declined to $722.1 million in Q4 2025 per KEX's latest filing, from $741.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $915.8 million in Q3 2021 and bottomed at $493.7 million in Q1 2021.
- The 5-year median for Operating Expenses is $689.5 million (2023), against an average of $679.4 million.
- Biggest YoY gain for Operating Expenses was 96.26% in 2021; the steepest drop was 57.21% in 2021.
- Year by year, Operating Expenses stood at $559.7 million in 2021, then advanced by 20.15% to $672.4 million in 2022, then rose by 5.05% to $706.4 million in 2023, then climbed by 6.49% to $752.2 million in 2024, then declined by 4.0% to $722.1 million in 2025.
- Per Business Quant, the three latest KEX Operating Expenses figures stand at $722.1 million (Q4 2025), $741.9 million (Q3 2025), and $723.6 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 3,084,216.90 Bn | 3,084,215.99 Bn | 57.20 Mn | -403.80 Mn |
| 2 | Danaos | 37,407.52 Bn | 37,406.64 Bn | 203.71 Mn | -15.99 Mn |
| 3 | Sfl | 1,574.06 Bn | 1,573.91 Bn | 66.27 Mn | 129.63 Mn |
| 4 | Capital Clean Energy Carriers | 37.96 Bn | 37.42 Bn | 95.52 Mn | 3.47 Mn |
| 5 | Kirby | 9.76 Bn | 9.69 Bn | 291.34 Mn | 722.10 Mn |
| 6 | Matson | 6.49 Bn | 6.39 Bn | - | 623.90 Mn |
| 7 | C3is | 5.03 Bn | 5.03 Bn | 10.51 Mn | 6.31 Mn |
| 8 | Hafnia | 3.79 Bn | 3.79 Bn | 152.41 Mn | -49.23 Mn |
| 9 | Intercont (Cayman) | 3.29 Bn | 3.29 Bn | - | - |
| 10 | Star Bulk Carriers | 3.08 Bn | 2.59 Bn | 493.84 Mn | -412.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 722.10 Mn |
| Sep 30, 2025 | 741.94 Mn |
| Jun 30, 2025 | 723.61 Mn |
| Mar 31, 2025 | 680.11 Mn |
| Dec 31, 2024 | 752.17 Mn |
| Sep 30, 2024 | 704.22 Mn |
| Jun 30, 2024 | 703.89 Mn |
| Mar 31, 2024 | 706.50 Mn |
| Dec 31, 2023 | 706.36 Mn |
| Sep 30, 2023 | 671.25 Mn |
| Jun 30, 2023 | 689.95 Mn |
| Mar 31, 2023 | 688.99 Mn |
| Dec 31, 2022 | 672.42 Mn |
| Sep 30, 2022 | 686.94 Mn |
| Jun 30, 2022 | 651.43 Mn |
| Mar 31, 2022 | 581.09 Mn |
| Dec 31, 2021 | 559.67 Mn |
| Sep 30, 2021 | 915.85 Mn |
| Jun 30, 2021 | 535.60 Mn |
| Mar 31, 2021 | 493.69 Mn |