Kirby (KEX) Operating Expenses (2009 - 2025)

Kirby (KEX) recorded quarterly Operating Expenses of $722.1 million in Q4 2025, down 2.67% quarter-over-quarter from $741.9 million in Q3 2025, and down 4.0% on a YoY basis from $752.2 million in Q4 2024.

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.

  • In Q4 2025, Operating Expenses fell 4.0% year-over-year to $722.1 million; the TTM figure through Dec 2025 stood at $2.9 billion (changed 0.03% YoY), while the FY2025 annual figure was $2.9 billion, changed 0.03% from the prior year.
  • Operating Expenses was $722.1 million for Q4 2025 at Kirby, down from $741.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $915.8 million in Q3 2021 to a low of $493.7 million in Q1 2021.
  • Historically, Operating Expenses has averaged $679.4 million across 5 years, with a median of $689.5 million in 2023.
  • Biggest YoY gain for Operating Expenses was 96.26% in 2021; the steepest drop was 57.21% in 2021.
  • A 5-year view of Operating Expenses shows it 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.
  • The last three Operating Expenses figures came in at $722.1 million (Q4 2025), $741.9 million (Q3 2025), and $723.6 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 C3is 744.65 Bn 744.65 Bn 9.11 Mn 6.31 Mn
2 Kirby 7.86 Bn 7.78 Bn 291.34 Mn 722.10 Mn
3 Matson 5.69 Bn 5.59 Bn - 696.40 Mn
4 Hafnia 3.63 Bn 3.52 Bn 152.41 Mn -24.49 Mn
5 Star Bulk Carriers 3.14 Bn 3.13 Bn 371.22 Mn 223.85 Mn
6 ZIM Integrated Shipping Services 3.12 Bn 1.01 Bn 57.20 Mn -403.80 Mn
7 Costamare 1.93 Bn 1.42 Bn - -42.16 Mn
8 Navios Maritime Partners 1.87 Bn 1.47 Bn 262.01 Mn -23.83 Mn
9 Global Ship Lease 1.37 Bn 1.37 Bn - 8.85 Mn
10 Capital Clean Energy Carriers 1.33 Bn 792.93 Mn 78.44 Mn 3.47 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