Kirby Corporation (KEX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 286,707 | 222,935 | 122,291 | -246,771 | -271,592 |
| Revenue | US$ in thousands | 3,265,880 | 3,091,640 | 2,784,750 | 2,246,660 | 2,171,410 |
| Net profit margin | 8.78% | 7.21% | 4.39% | -10.98% | -12.51% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $286,707K ÷ $3,265,880K
= 8.78%
Based on the provided data, Kirby Corporation's net profit margin has exhibited a fluctuating trend over the past five years. The company experienced negative net profit margins in 2020 and 2021, with figures of -12.51% and -10.98% respectively. However, there was a notable turnaround in profitability in the subsequent years, with the net profit margin improving to 4.39% in 2022, 7.21% in 2023, and further to 8.78% in 2024.
This upward trend in net profit margin suggests that Kirby Corporation has been able to effectively control its costs and/or increase its revenues relative to its net income, resulting in improved profitability over the analyzed period. It is essential for the company to sustain this positive trajectory to ensure long-term financial success and shareholder value.
Peer comparison
Dec 31, 2024