Filing Flows › Kirby (KEX) › Q2 2026 › vs Q2 2025
Kirby (KEX) Q2 2026 vs Q2 2025 (year over year)
Kirby's revenue rose $66.9M (+8%) from $855M in Q2 2025 to $922M in Q2 2026. The biggest changes: Marine Transportation +$44.4M (+9%); Distribution and Services +$22.5M (+6%). Operating margin 13.3% against 15.4% (-2.1 pts).
Kirby, Q2 2026: revenue $922M (+8% year over year), operating margin 13.3%, net earnings $89.8M, operating cash flow $72.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.3% | 15.4% | -2.1 pts |
| Net margin | 9.7% | 11.0% | -1.3 pts |
| Free cash flow margin | 0.1% | 2.6% | -2.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Marine Transportation | $537M | $493M | $44.4M | +9% |
| Distribution and Services | $385M | $363M | $22.5M | +6% |
| Revenue | $922M | $855M | $66.9M | +8% |
| Operating profit | $122M | $132M | −$9.5M | -7% |
| Costs & expenses | $800M | $724M | $76.4M | +11% |
| Pre-tax earnings | $118M | $124M | −$5.5M | -4% |
| Other expense, net | $4.0M | $7.9M | −$4.0M | -50% |
| SG&A | $88.7M | $85.8M | $2.9M | +3% |
| Other operating costs | $711M | $638M | $73.6M | +12% |
| Net earnings | $89.8M | $94.4M | −$4.6M | -5% |
| Income tax | $28.6M | $29.6M | −$941K | -3% |
| Operating cash sources | $162M | $163M | −$898K | -0.5% |
| Depreciation & amortization | $70.4M | $65.7M | $4.7M | +7% |
| Share-based compensation | $2.3M | $3.3M | −$1.0M | -31% |
| Working capital & other | $90.2M | $69.4M | $20.8M | +30% |
| Operating cash flow | $72.3M | $93.9M | −$21.7M | -23% |
| Free cash flow (company-reported) | $766K | $22.4M | −$21.7M | -97% |
| Capital expenditures | $71.5M | $71.5M | $0 | 0% |
Questions
How much did Kirby's revenue grow year over year in Q2 2026?
Kirby's revenue rose $66.9M (+8%) from $855M in Q2 2025 to $922M in Q2 2026.
What drove Kirby's revenue change in Q2 2026?
Marine Transportation +$44.4M (+9%); Distribution and Services +$22.5M (+6%).