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
DateValue
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