Kirby Corporation (KEX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 825,200 | 700,062 | 522,370 | 379,981 | 440,669 |
| Revenue | US$ in thousands | 3,265,880 | 3,091,640 | 2,784,750 | 2,246,660 | 2,171,410 |
| Gross profit margin | 25.27% | 22.64% | 18.76% | 16.91% | 20.29% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $825,200K ÷ $3,265,880K
= 25.27%
Based on the provided data, Kirby Corporation's gross profit margin has shown fluctuations over the past five years. The gross profit margin was 20.29% as of December 31, 2020, which decreased to 16.91% by December 31, 2021. However, there was a slight improvement in the margin to 18.76% by December 31, 2022.
The trend then shifted positively as the gross profit margin increased significantly to 22.64% by December 31, 2023, indicating a strong performance in managing production costs and generating revenue. The most recent data point of 25.27% as of December 31, 2024, shows further improvement in the company's efficiency in generating profits from its core operations.
Overall, Kirby Corporation has demonstrated the ability to enhance its gross profit margin over the years, which is a positive sign of operational efficiency and effective cost management within the business.
Peer comparison
Dec 31, 2024