Kirby Corporation Common Stock (KEX)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Kirby is an asset-heavy, essential industrial business I can understand: it moves bulk liquids—petrochemicals, black oils, refined products, agricultural chemicals—on tank barges across the Mississippi River System, the Gulf Intracoastal Waterway, and U.S. coasts. That network can be a durable barrier because replacement barges and terminal assets are costly and regulated, but it remains a cyclical marine shipping business. The filed record shows progress: in fiscal 2025, the year ended 2025-12-31, revenue was $3.4 billion, net income was $354.6 million, and diluted EPS was $6.33, up from fiscal 2024 revenue of $3.3 billion, net income of $286.7 million, and diluted EPS of $4.91. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue rose to $922.4 million from $855.5 million in fiscal Q2 2025, though net income slipped to $89.7 million from $94.3 million. Financial health is decent: debt-to-equity is 0.36, trailing free cash flow was $475.6 million, and the FairStock-calculated FCF yield is 6.6%. Returns are modest—ROE 10.41%, ROCE 5.13%—and the Piotroski F-Score of 6/9 and Altman Z-Score of 2.66 suggest neither distress nor a fortress balance sheet. At the 2026-10-13 close of $136.77, FairStock’s P/E is 20.98 and P/B is 2.11. Its Graham Number is $97.54, implying a negative 40.22% margin of safety. The PEG of 0.18 looks appealing, but for a cyclical I discount it. I would call the price fair-to-full, requiring continued earnings strength.

In plain English: Kirby moves bulk liquids such as fuels, petrochemicals and farm chemicals on tank barges along U.S. waterways. The business has grown earnings over the past few years, but the latest reported quarter showed higher sales and slightly lower profit. At $136.77, the stock price looks full compared with the value suggested by its earnings and net assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer