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How Kirby (KEX) makes money
Kirby (KEX) made $977M of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Marine Transportation brought in $569M (58%); Distribution and Services brought in $408M (42%). Of every dollar of revenue, 15¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Marine Transportation | $569M | 58.2% | +6% | +17% |
| Distribution and Services | $408M | 41.8% | +6% | +6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $977M | 100.0% |
| Operating profit | $151M | 15.4% |
| Income tax | $36.0M | 3.7% |
| Net earnings | $111M | 11.3% |
| Operating cash flow | $143M | 14.7% |
| Free cash flow | $74.0M | 7.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $977M | +12% |
| Q2 2026 | $922M | +8% |
| Q1 2026 | $844M | +7% |
| Q4 2025 | $852M | +6% |
| Q3 2025 | $871M | +5% |
| Q2 2025 | $855M | +4% |
| Q1 2025 | $786M | -3% |
From Kirby's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Kirby make money?
Kirby (KEX) made $977M of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Marine Transportation brought in $569M (58%); Distribution and Services brought in $408M (42%). Of every dollar of revenue, 15¢ was left as operating profit, 11¢ was left as net earnings.
What is Kirby's biggest business?
Marine Transportation: $569M in the third quarter 2026, 58% of revenue, +17% from a year earlier.
What is Kirby's profit margin?
Net earnings were $111M, 11.3% of revenue, in the third quarter 2026; the operating margin was 15.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.