Filing Flows › Kirby (KEX) › Q3 2026 › vs Q3 2025
Kirby (KEX) Q3 2026 vs Q3 2025 (year over year)
Kirby's revenue rose $106M (+12%) from $871M in Q3 2025 to $977M in Q3 2026. The biggest changes: Marine Transportation +$83.8M (+17%); Distribution and Services +$22.3M (+6%). Operating margin 15.4% against 14.8% (+0.6 pts).
Kirby, Q3 2026: revenue $977M (+12% year over year), operating margin 15.4%, net earnings $111M, operating cash flow $143M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.4% | 14.8% | +0.6 pts |
| Net margin | 11.3% | 10.6% | +0.7 pts |
| Free cash flow margin | 7.6% | 18.4% | -10.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Marine Transportation | $569M | $485M | $83.8M | +17% |
| Distribution and Services | $408M | $386M | $22.3M | +6% |
| Revenue | $977M | $871M | $106M | +12% |
| Operating profit | $151M | $129M | $21.7M | +17% |
| Costs & expenses | $826M | $742M | $84.4M | +11% |
| Pre-tax earnings | $147M | $123M | $24.0M | +19% |
| Other expense, net | $4.0M | $6.3M | −$2.3M | -36% |
| SG&A | $92.5M | $87.8M | $4.7M | +5% |
| Other operating costs | $734M | $654M | $79.7M | +12% |
| Net earnings | $111M | $92.7M | $18.2M | +20% |
| Income tax | $36.0M | $30.2M | $5.8M | +19% |
| Depreciation & amortization | $71.6M | $66.9M | $4.7M | +7% |
| Share-based compensation | $2.4M | $3.4M | −$971K | -28% |
| Working capital & other | $41.5M | −$64.5M | $106M | — |
| Operating cash flow | $143M | $228M | −$84.1M | -37% |
| Free cash flow (company-reported) | $74.0M | $160M | −$86.4M | -54% |
| Capital expenditures | $69.5M | $67.2M | $2.3M | +3% |
Questions
How much did Kirby's revenue grow year over year in Q3 2026?
Kirby's revenue rose $106M (+12%) from $871M in Q3 2025 to $977M in Q3 2026.
What drove Kirby's revenue change in Q3 2026?
Marine Transportation +$83.8M (+17%); Distribution and Services +$22.3M (+6%).