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American tank barge operator
Kirby Corporation is an American company headquartered in Houston, Texas. It is the largest liquid cargo barge operator in the United States, transporting bulk liquid products by boat.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
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Kirby Corporation is an American company headquartered in Houston, Texas. It is the largest liquid cargo barge operator in the United States, transporting bulk liquid products by boat. Kirby operates throughout the Mississippi River system, on the Gulf Intracoastal Waterway, along all three American coasts, and in Alaska and Hawaii. Products transported by Kirby include petrochemicals, black oil, refined petroleum products, and agricultural chemical products by tank barge. Kirby also owns and operates eight ocean-going barge and tug units transporting dry-bulk commodities in American coastal trade.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue by product, business segment and region, as the company reports it to the SEC.
Marine Transportation brought in 58% of the revenue Kirby Corporation broke down this way in fiscal 2025.
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Marine Transportation | $1.7B | $1.9B | $1.9B |
| Distribution And Services | $1.4B | $1.4B | $1.4B |
Out of $3.4B in revenue.7
Out of $670.2M of cash from operations.7
Every line of the income statement in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $3.4B | $3.3B | $3.1B |
| Costs of sales and operating expenses | $2.2B | $2.2B | $2.2B |
| Selling, general and administrative | $356.3M | $337.1M | $335.2M |
| Taxes, other than on income | $35.6M | $34.9M | $34.8M |
| Depreciation and amortization | $264.1M | $240.3M | $211.2M |
| Impairments | $0 | $56.3M | $0 |
| Gain on disposition of assets | -$4.8M | -$2.2M | -$5.0M |
| Total costs and expenses | $2.9B | $2.9B | $2.8B |
| Operating income | $496.3M | $399.1M | $335.1M |
| Other income | $21.5M | $12.8M | $11.0M |
| Interest expense | -$46.3M | -$49.1M | -$52.0M |
| Earnings before taxes on income | $471.4M | $362.8M | $294.1M |
| Provision for taxes on income | -$116.0M | -$75.9M | -$71.2M |
| Net earnings | $355.4M | $286.9M | $222.9M |
| Less: Net (earnings) loss attributable to noncontrolling interests | -$846.0K | -$189.0K | $30.0K |
| Net earnings attributable to Kirby | $354.6M | $286.7M | $222.9M |
| Basic | $6.37 | $4.95 | $3.74 |
| Diluted | $6.33 | $4.91 | $3.72 |
Every line of the balance sheet in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $78.8M | $74.4M | |
| Trade - less allowance for doubtful accounts of $7,175 ($7,321 in 2024) | $473.5M | $489.9M | |
| Other | $69.6M | $46.9M | |
| Inventories - net | $398.0M | $393.9M | |
| Prepaid expenses and other current assets | $57.9M | $63.5M | |
| Total current assets | $1.1B | $1.1B | |
| Property and equipment - net | $4.1B | $4.0B | |
| Operating lease right-of-use assets | $193.3M | $159.0M | |
| Investment in affiliates | $3.2M | $2.9M | |
| Goodwill | $438.7M | $438.7M | |
| Other intangibles, net | $30.2M | $34.4M | |
| Other assets | $166.8M | $125.4M | |
| Total assets | $6.0B | $5.9B | |
| Bank notes payable | $7.4M | $8.2M | |
| Income taxes payable | $0 | $25.4M | |
| Accounts payable | $218.6M | $251.4M | |
| Interest | $11.9M | $12.0M | |
| Insurance premiums and claims | $82.6M | $88.4M | |
| Employee compensation | $65.7M | $68.3M | |
| Taxes - other than on income | $32.0M | $35.9M | |
| Other | $40.4M | $32.3M | |
| Current portion of operating lease liabilities | $45.8M | $35.7M | |
| Deferred revenues | $202.2M | $177.2M | |
| Total current liabilities | $706.5M | $734.8M | |
| Long-term debt, net - less current portion | $911.9M | $866.7M | |
| Deferred income taxes | $826.4M | $739.5M | |
| Operating lease liabilities - less current portion | $169.9M | $148.2M | |
| Other long-term liabilities | $10.6M | $9.6M | |
| Total long-term liabilities | $1.9B | $1.8B | |
| Contingencies and commitments | $0 | $0 | |
| Common stock, $0.10 par value per share. Authorized 120,000,000 shares, issued 65,472,000 | $6.5M | $6.5M | |
| Additional paid-in capital | $873.2M | $868.8M | |
| Accumulated other comprehensive income - net | $86.3M | $71.2M | |
| Retained earnings | $3.3B | $3.0B | |
| Treasury stock - at cost, 11,701,000 shares in 2025 and 8,215,000 shares in 2024 | -$918.6M | -$573.1M | |
| Total Kirby stockholders' equity | $3.4B | $3.4B | |
| Noncontrolling interests | $2.3M | $1.4M | |
| Total equity | $3.4B | $3.4B | $3.2B |
| Total liabilities and equity | $6.0B | $5.9B | |
| Trade, allowance for doubtful accounts | $7.2M | $7.3M | |
| Common Stock, Par or Stated Value Per Share | $0.10 | $0.10 | |
| Common Stock, Shares Authorized | 120.0M shares | 120.0M shares | |
| Common Stock, Shares, Issued | 65.5M shares | 65.5M shares | |
| Treasury Stock, Common, Shares | 11.7M shares | 8.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net earnings | $355.4M | $286.9M | $222.9M |
| Depreciation and amortization | $264.1M | $240.3M | $211.2M |
| Provision for doubtful accounts | $3.5M | $2.2M | $402.0K |
| Provision for deferred income taxes | $82.5M | $31.4M | $65.3M |
| Gain on disposition of assets | -$4.8M | -$2.2M | -$5.0M |
| Impairments | $0 | $56.3M | $0 |
| Amortization of share-based compensation | $17.6M | $15.5M | $14.9M |
| Amortization of major maintenance costs | $29.5M | $32.6M | $29.0M |
| Other | -$1.7M | $407.0K | -$3.3M |
| Accounts receivable | $16.6M | $40.5M | -$50.1M |
| Inventory | $3.9M | $12.1M | $7.7M |
| Other assets | -$48.4M | -$18.5M | -$37.7M |
| Income taxes payable | -$50.6M | $23.8M | $71.6M |
| Accounts payable | -$18.6M | -$11.2M | -$18.3M |
| Accrued and other liabilities | $21.2M | $46.4M | $31.7M |
| Net cash provided by operating activities | $670.2M | $756.5M | $540.2M |
| Capital expenditures | -$264.5M | -$342.7M | -$401.7M |
| Acquisitions of businesses and marine equipment | -$115.7M | -$77.9M | -$37.5M |
| Proceeds from disposition of assets | $31.0M | $20.4M | $26.1M |
| Other | -$3.0M | $0 | $0 |
| Net cash used in investing activities | -$352.2M | -$400.1M | -$413.1M |
| Borrowings (payments) on bank credit facilities, net | $44.1M | -$43.8M | $48.8M |
| Borrowings on long-term debt | $0 | $0 | $240.0M |
| Payments on long-term debt | $0 | -$100.0M | -$350.0M |
| Payment of debt issue costs | $0 | -$3.0K | -$1.3M |
| Proceeds from exercise of stock options | $4.9M | $9.4M | $4.2M |
| Payments related to tax withholding for share-based compensation | -$6.0M | -$5.4M | -$3.9M |
| Treasury stock purchases | -$354.2M | -$174.6M | -$112.8M |
| Other | -$2.6M | -$100.0K | -$99.0K |
| Net cash used in financing activities | -$313.7M | -$314.5M | -$175.1M |
| Increase (decrease) in cash and cash equivalents | $4.3M | $41.9M | -$48.0M |
| Interest paid | $46.3M | $49.1M | $49.3M |
| Operating cash outflow from operating leases | $51.9M | $46.0M | $44.0M |
| Capital expenditures included in accounts payable | -$14.1M | -$6.9M | $9.6M |
| Right-of-use assets obtained in exchange for lease obligations | $74.3M | $53.6M | $39.2M |
The corporate predecessor, Kirby Industries, Inc., was founded in 1921. The Kirby Corporation was founded in 1969 as a subsidiary of that company called Kirby Exploration Company, Inc., and was spun off in 1976. The company changed its name in 1990.
From Wikipedia’s article on Kirby Corporation, shared under CC BY-SA 4.0.6
Who has led Kirby Corporation, and when. Pick a name to see everywhere that person has worked.
The company has a number of subsidiaries:
Marine Transportation
Kirby Offshore Marine, LLC
Kirby Ocean Transport Company
Osprey Line, LLC
San Jac Marine, LLC
Kirby Inland Marine, LP
Penn Maritime
Distribution and Services
United Holdings LLC
Stewart & Stevenson LLC
Stewart & Stevenson Power Products LLC
Stewart & Stevenson Manufacturing Technologies LLC
Stewart & Stevenson de las Americas Colombia, Ltda
Marine Systems, Inc
Engine Systems, Inc
United Engines, LLC
UE Manufacturing, LLC
Thermo King of Houston, LP
Thermo King of Dallas, LP
Other
Kirby Corporate Services, LLC
Kirby Terminals, Inc.
Kirby Logistics Management
Kirby Tankships, Inc.
KIM Holdings, Inc.
Sabine Transportation Company
AFRAM Carriers, Inc.
K Equipment, LLC
From Wikipedia’s article on Kirby Corporation, shared under CC BY-SA 4.0.6
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
The numbers on this page point here. Each one links to the record it came from.
