What is the primary revenue source for Kirby Corporation (KEX)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze KEX's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Kirby Corporation's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Kirby Corporation Makes Money: KEX Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Watch

Revenue grew while operating profit fell, so growth did not translate into better earnings.

Operating margin declined by 1.44 percentage points year over year.

Revenue: USD 1.77B
Largest revenue segment share (Inland Transportation): 46.76%
Selling, general and administrative: USD 189.97M
Income tax expense: USD 51.99M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueRevenues · RevenueFromContractWithCustomerExcludingAssessedTax
Selling, general and administrativeSelling, general and administrative · SellingGeneralAndAdministrativeExpense
Income tax expenseProvision for taxes on income · IncomeTaxExpenseBenefit
Largest revenue segment share (Inland Transportation)Inland Transportation · segment_value / revenue * 100
Operating marginOperating loss · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Property, plant and equipment: USD 4.18B
Accounts receivable: USD 641.61M
Goodwill: USD 438.75M
Shareholder equity: USD 3.44B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityEquity, including portion attributable to noncontrolling interest · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Accounts receivableTrade - less allowance for doubtful accounts · AccountsReceivableNetCurrent
GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant and equipment, net · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 99.41% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 170.93M
Operating cash flow: USD 169.92M
Cash conversion: 99.41%
Free cash flow: USD 50.15M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet earnings attributable to kirby · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Share repurchases: USD 112.39M
Stock issuance proceeds: USD 4.31M
Net shareholder return: USD 108.08M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesTreasury stock purchases · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from exercise of stock options · ProceedsFromStockOptionsExercised · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?