Kirby (KEX) Operating Expenses (2009 - 2026)
Kirby (KEX) posted quarterly Operating Expenses of $722.1 million for Q4 2025, down 4.0% year-over-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 - 2026) 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 for Q4 2025 stood at $722.1 million, down from $741.9 million in the prior quarter.
- The five-year high for Operating Expenses was $915.8 million in Q3 2021, with the low 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.
- Peak annual rise in Operating Expenses reached 96.26% in 2021, while the deepest fall reached 57.21% in 2021.
- Kirby's Operating Expenses stood at $559.7 million in 2021, then gained by 20.15% to $672.4 million in 2022, then increased by 5.05% to $706.4 million in 2023, then advanced by 6.49% to $752.2 million in 2024, then dropped by 4.0% to $722.1 million in 2025.
- Business Quant data shows KEX's Operating Expenses at $722.1 million in Q4 2025, $741.9 million in Q3 2025, and $723.6 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 800.04 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 810.50 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -49.23 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -403.80 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | -56.64 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 72,107.52 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -23.83 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -41.93 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | 129.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 800.04 Mn |
| 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 |