Kirby Corporation (KEX) - Net Assets
Based on the latest financial reports, Kirby Corporation (KEX) has net assets worth $3.38 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.04 Billion) and total liabilities ($2.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Kirby Corporation's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.38 Billion |
| % of Total Assets | 56.04% |
| Annual Growth Rate | 10.05% |
| 5-Year Change | 17.1% |
| 10-Year Change | 40.2% |
| Growth Volatility | 21.64 |
Kirby Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Kirby Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Kirby Corporation assets under control for the complete picture of this company's asset base.
Annual Net Assets for Kirby Corporation (1985–2025)
The table below shows the annual net assets of Kirby Corporation from 1985 to 2025. For live valuation and market cap data, see KEX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.38 Billion | +0.88% |
| 2024-12-31 | $3.35 Billion | +5.23% |
| 2023-12-31 | $3.19 Billion | +4.65% |
| 2022-12-31 | $3.05 Billion | +5.41% |
| 2021-12-31 | $2.89 Billion | -6.44% |
| 2020-12-31 | $3.09 Billion | -8.42% |
| 2019-12-31 | $3.37 Billion | +4.83% |
| 2018-12-31 | $3.22 Billion | +3.28% |
| 2017-12-31 | $3.11 Billion | +29.07% |
| 2016-12-31 | $2.41 Billion | +5.86% |
| 2015-12-31 | $2.28 Billion | +0.63% |
| 2014-12-31 | $2.26 Billion | +12.01% |
| 2013-12-31 | $2.02 Billion | +18.46% |
| 2012-12-31 | $1.71 Billion | +17.39% |
| 2011-12-31 | $1.45 Billion | +25.45% |
| 2010-12-31 | $1.16 Billion | +9.76% |
| 2009-12-31 | $1.06 Billion | +25.23% |
| 2008-12-31 | $843.31 Million | +13.61% |
| 2007-12-31 | $742.30 Million | +21.61% |
| 2006-12-31 | $610.40 Million | +15.67% |
| 2005-12-31 | $527.73 Million | +24.41% |
| 2004-12-31 | $424.17 Million | +13.09% |
| 2003-12-31 | $375.06 Million | +15.05% |
| 2002-12-31 | $326.00 Million | -22.53% |
| 2001-12-31 | $420.83 Million | +58.23% |
| 2000-12-31 | $265.96 Million | -23.98% |
| 1999-12-31 | $349.84 Million | +12.99% |
| 1998-12-31 | $309.61 Million | +3.33% |
| 1997-12-31 | $299.62 Million | +45.62% |
| 1996-12-31 | $205.75 Million | +0.21% |
| 1995-12-31 | $205.33 Million | -14.59% |
| 1994-12-31 | $240.40 Million | +82.12% |
| 1993-12-31 | $132.00 Million | +0.08% |
| 1992-12-31 | $131.90 Million | +18.19% |
| 1991-12-31 | $111.60 Million | +14.93% |
| 1990-12-31 | $97.10 Million | +10.47% |
| 1989-12-31 | $87.90 Million | +11.13% |
| 1988-12-31 | $79.10 Million | +59.15% |
| 1987-12-31 | $49.70 Million | +7.11% |
| 1986-12-31 | $46.40 Million | -36.78% |
| 1985-12-31 | $73.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kirby Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 334544100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.33 Billion | 98.59% |
| Common Stock | $6.55 Million | 0.19% |
| Other Comprehensive Income | $86.34 Million | 2.55% |
| Total Equity | $3.38 Billion | 100.00% |
Kirby Corporation Competitors by Market Cap
The table below lists competitors of Kirby Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Konfoong Materials International Co Ltd
SHE:300666
|
$6.73 Billion |
|
Construction Partners Inc
NASDAQ:ROAD
|
$6.74 Billion |
|
Sprouts Farmers Market LLC
NASDAQ:SFM
|
$6.74 Billion |
|
Gaztransport & Technigaz SAS
PA:GTT
|
$6.74 Billion |
|
Shenergy Co Ltd
SHG:600642
|
$6.73 Billion |
|
JBTMarel Corp
NYSE:JBTM
|
$6.73 Billion |
|
Gamuda Bhd
KLSE:5398
|
$6.73 Billion |
|
Jindal Stainless Limited
NSE:JSL
|
$6.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kirby Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,351,813,000 to 3,380,512,000, a change of 28,699,000 (0.9%).
- Net income of 354,569,000 contributed positively to equity growth.
- Share repurchases of 354,199,000 reduced equity.
- Other comprehensive income increased equity by 15,150,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $354.57 Million | +10.49% |
| Share Repurchases | $354.20 Million | -10.48% |
| Other Comprehensive Income | $15.15 Million | +0.45% |
| Other Changes | $13.18 Million | +0.39% |
| Total Change | $- | 0.86% |
Book Value vs Market Value Analysis
This analysis compares Kirby Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.36x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 91.61x to 2.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.55 | $142.24 | x |
| 1986-12-31 | $0.97 | $142.24 | x |
| 1987-12-31 | $1.05 | $142.24 | x |
| 1988-12-31 | $1.67 | $142.24 | x |
| 1989-12-31 | $1.93 | $142.24 | x |
| 1990-12-31 | $2.14 | $142.24 | x |
| 1991-12-31 | $2.48 | $142.24 | x |
| 1992-12-31 | $2.63 | $142.24 | x |
| 1993-12-31 | $2.32 | $142.24 | x |
| 1994-12-31 | $4.91 | $142.24 | x |
| 1995-12-31 | $4.68 | $142.24 | x |
| 1996-12-31 | $3.98 | $142.24 | x |
| 1997-12-31 | $4.43 | $142.24 | x |
| 1998-12-31 | $7.04 | $142.24 | x |
| 1999-12-31 | $8.16 | $142.24 | x |
| 2000-12-31 | $5.35 | $142.24 | x |
| 2001-12-31 | $6.19 | $142.24 | x |
| 2002-12-31 | $6.66 | $142.24 | x |
| 2003-12-31 | $7.59 | $142.24 | x |
| 2004-12-31 | $8.65 | $142.24 | x |
| 2005-12-31 | $10.39 | $142.24 | x |
| 2006-12-31 | $11.85 | $142.24 | x |
| 2007-12-31 | $14.32 | $142.24 | x |
| 2008-12-31 | $16.48 | $142.24 | x |
| 2009-12-31 | $19.74 | $142.24 | x |
| 2010-12-31 | $21.62 | $142.24 | x |
| 2011-12-31 | $26.51 | $142.24 | x |
| 2012-12-31 | $30.44 | $142.24 | x |
| 2013-12-31 | $35.55 | $142.24 | x |
| 2014-12-31 | $39.64 | $142.24 | x |
| 2015-12-31 | $41.38 | $142.24 | x |
| 2016-12-31 | $45.02 | $142.24 | x |
| 2017-12-31 | $56.19 | $142.24 | x |
| 2018-12-31 | $53.83 | $142.24 | x |
| 2019-12-31 | $56.23 | $142.24 | x |
| 2020-12-31 | $51.48 | $142.24 | x |
| 2021-12-31 | $48.06 | $142.24 | x |
| 2022-12-31 | $50.44 | $142.24 | x |
| 2023-12-31 | $53.22 | $142.24 | x |
| 2024-12-31 | $57.44 | $142.24 | x |
| 2025-12-31 | $60.32 | $142.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kirby Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.54%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.79x
- Recent ROE (10.49%) is above the historical average (7.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 3.54% | 3.66% | 0.40x | 2.43x | $-4.74 Million |
| 1986 | -56.90% | -43.49% | 0.47x | 2.78x | $-31.04 Million |
| 1987 | 6.04% | 6.30% | 0.58x | 1.65x | $-1.97 Million |
| 1988 | 31.23% | 25.23% | 0.57x | 2.17x | $16.79 Million |
| 1989 | 10.13% | 6.30% | 0.57x | 2.81x | $110.00K |
| 1990 | 15.86% | 8.76% | 0.69x | 2.61x | $5.69 Million |
| 1991 | 11.92% | 7.04% | 0.66x | 2.56x | $2.14 Million |
| 1992 | 0.57% | 0.26% | 0.60x | 3.64x | $-11.58 Million |
| 1993 | 18.57% | 6.02% | 0.85x | 3.64x | $10.52 Million |
| 1994 | 7.47% | 4.67% | 0.53x | 2.99x | $-5.64 Million |
| 1995 | 4.57% | 2.95% | 0.64x | 2.43x | $-11.15 Million |
| 1996 | 13.23% | 8.51% | 0.61x | 2.55x | $6.65 Million |
| 1997 | 9.94% | 6.47% | 0.65x | 2.37x | $-130.00K |
| 1998 | 3.27% | 3.09% | 0.84x | 1.26x | $-20.85 Million |
| 1999 | 6.19% | 5.86% | 0.49x | 2.17x | $-13.21 Million |
| 2000 | 12.99% | 6.65% | 0.69x | 2.84x | $7.85 Million |
| 2001 | 13.16% | 6.99% | 0.75x | 2.51x | $9.50 Million |
| 2002 | 8.49% | 5.13% | 0.68x | 2.45x | $-4.89 Million |
| 2003 | 11.00% | 6.67% | 0.72x | 2.30x | $3.70 Million |
| 2004 | 11.38% | 7.34% | 0.75x | 2.08x | $6.02 Million |
| 2005 | 12.80% | 8.64% | 0.78x | 1.91x | $15.03 Million |
| 2006 | 15.10% | 9.70% | 0.77x | 2.01x | $32.25 Million |
| 2007 | 16.02% | 10.52% | 0.82x | 1.86x | $46.36 Million |
| 2008 | 17.66% | 11.56% | 0.89x | 1.71x | $68.16 Million |
| 2009 | 11.97% | 11.64% | 0.66x | 1.55x | $20.69 Million |
| 2010 | 10.06% | 10.48% | 0.62x | 1.55x | $639.10K |
| 2011 | 12.69% | 9.89% | 0.63x | 2.05x | $38.77 Million |
| 2012 | 12.36% | 9.91% | 0.58x | 2.16x | $39.94 Million |
| 2013 | 12.59% | 11.29% | 0.61x | 1.83x | $51.99 Million |
| 2014 | 12.51% | 10.99% | 0.62x | 1.84x | $56.60 Million |
| 2015 | 9.99% | 10.56% | 0.52x | 1.83x | $-197.10K |
| 2016 | 5.87% | 7.99% | 0.41x | 1.79x | $-99.53 Million |
| 2017 | 10.07% | 14.14% | 0.43x | 1.65x | $2.10 Million |
| 2018 | 2.44% | 2.64% | 0.51x | 1.83x | $-242.87 Million |
| 2019 | 4.23% | 5.02% | 0.47x | 1.80x | $-194.52 Million |
| 2020 | -8.84% | -12.55% | 0.37x | 1.92x | $-580.98 Million |
| 2021 | -8.56% | -10.99% | 0.42x | 1.87x | $-535.59 Million |
| 2022 | 4.02% | 4.39% | 0.50x | 1.83x | $-182.00 Million |
| 2023 | 7.00% | 7.21% | 0.54x | 1.80x | $-95.61 Million |
| 2024 | 8.55% | 8.78% | 0.56x | 1.75x | $-48.47 Million |
| 2025 | 10.49% | 10.54% | 0.56x | 1.79x | $16.52 Million |
Industry Comparison
This section compares Kirby Corporation's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $509,643,105
- Average return on equity (ROE) among peers: 12.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kirby Corporation (KEX) | $3.38 Billion | 3.54% | 0.78x | $6.73 Billion |
| Ardmore Shpng (ASC) | $380.97 Million | -3.28% | 1.22x | $552.67 Million |
| BW LPG Limited (BWLP) | $1.93 Billion | 12.95% | 0.64x | $2.23 Billion |
| Capital Clean Energy Carriers Corp. (CCEC) | $193.93 Million | 19.22% | 3.01x | $1.19 Billion |
| C3is Inc. (CISS) | $8.75 Million | 41.24% | 0.87x | $1.91 Million |
| Costamare Bulkers Holdings Limited (CMDB) | $422.02 Million | -23.28% | 1.94x | $402.68 Million |
| Costamare Inc (CMRE) | $329.99 Million | 26.54% | 5.01x | $2.09 Billion |
| Castor Maritime Inc (CTRM) | $342.93 Million | 15.24% | 0.35x | $19.42 Million |
| Danaos Corporation (DAC) | $442.54 Million | 3.04% | 8.01x | $2.12 Billion |
| Diana Shipping Inc. (DSX) | $627.68 Million | 10.73% | 0.89x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $422.24 Million | 20.03% | 1.80x | $1.68 Billion |
About Kirby Corporation
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessels transporting bulk liquid product, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and coastwise along three United States coasts, Alaska, and Hawaii. It transports petrochemical… Read more