Kirby Corporation (KEX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 887,745 | 811,319 | 773,700 | 742,506 | 700,062 | 662,674 | 624,920 | 569,425 | 522,370 | 484,328 | 440,235 | 411,261 | 379,981 | 364,827 | 366,912 | 385,017 | 440,669 | 478,398 | 531,214 | 570,550 |
| Revenue (ttm) | US$ in thousands | 3,265,876 | 3,262,737 | 3,196,360 | 3,149,218 | 3,091,640 | 3,022,629 | 3,003,700 | 2,924,416 | 2,784,754 | 2,645,855 | 2,498,932 | 2,360,592 | 2,246,660 | 2,145,150 | 2,042,797 | 2,024,332 | 2,171,408 | 2,337,579 | 2,507,821 | 2,737,704 |
| Gross profit margin | 27.18% | 24.87% | 24.21% | 23.58% | 22.64% | 21.92% | 20.81% | 19.47% | 18.76% | 18.31% | 17.62% | 17.42% | 16.91% | 17.01% | 17.96% | 19.02% | 20.29% | 20.47% | 21.18% | 20.84% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $887,745K ÷ $3,265,876K
= 27.18%
The gross profit margin of Kirby Corporation has shown fluctuations over the period analyzed. It started at 20.84% in March 2020, increased to 21.18% by June 2020, but then decreased to 20.47% by September 2020. Throughout the following quarters of 2020 and into 2021, the gross profit margin continued to decline, reaching a low of 16.91% by December 2021.
However, from the first quarter of 2022 onwards, the gross profit margin began to improve steadily. It reached 23.58% by March 2024, showing a consistent upward trend. This improvement continued into the second and third quarters of 2024, with the gross profit margin reaching 24.87% by September 2024 and a significant increase to 27.18% by December 2024.
Overall, the trajectory of the gross profit margin for Kirby Corporation indicates a period of volatility and decline followed by a notable recovery and growth in profitability. This upward trend in the gross profit margin suggests that the company's operational efficiency and profitability have improved over the analyzed timeframe.
Peer comparison
Dec 31, 2024