Kirby Corporation (KEX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 222,935 | 122,291 | -246,954 | -272,546 | 142,347 |
| Revenue | US$ in thousands | 3,047,860 | 2,748,750 | 2,210,980 | 2,171,410 | 2,838,400 |
| Net profit margin | 7.31% | 4.45% | -11.17% | -12.55% | 5.02% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $222,935K ÷ $3,047,860K
= 7.31%
The net profit margin of Kirby Corp. has shown varying trends over the past five years. In 2023, the net profit margin improved notably to 7.21%, indicating that the company was able to generate a higher level of profit relative to its revenue compared to the previous year. This increase suggests that Kirby Corp. managed its expenses more efficiently or increased its revenue streams.
In 2022, the net profit margin was 4.39%, which showed a slight improvement from the previous year but still remained relatively low. This could indicate that the company faced challenges in generating profit compared to its revenue during that period.
In 2021 and 2020, Kirby Corp. experienced negative net profit margins of -10.99% and -12.55% respectively. These negative margins suggest that the company incurred more expenses than the revenue generated in those years, resulting in operating at a loss. The negative margins may indicate operational inefficiencies or significant one-time expenses that impacted the company's profitability.
In 2019, Kirby Corp. achieved a net profit margin of 5.00%, indicating a healthy level of profitability relative to revenue. This positive margin suggests that the company effectively managed its expenses and operations to generate a reasonable profit.
Overall, the trend in Kirby Corp.'s net profit margin reflects fluctuations in the company's profitability over the five-year period, with improvements in some years and challenges in others. Analysis of the factors driving these fluctuations would provide deeper insights into the company's financial performance and potential areas for improvement.
Peer comparison
Dec 31, 2023