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| 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 |