Kirby Corporation (KEX)

Net 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
Net income (ttm)	US$ in thousands	286,707	305,796	278,792	252,305	222,935	198,338	174,465	145,555	122,291	95,943	-207,878	-226,145	-246,954	-235,711	56,508	71,320	-173,773	-193,200	-172,702	-150,417
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
Net profit margin		8.78%	9.37%	8.72%	8.01%	7.21%	6.56%	5.81%	4.98%	4.39%	3.63%	-8.32%	-9.58%	-10.99%	-10.99%	2.77%	3.52%	-8.00%	-8.26%	-6.89%	-5.49%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $286,707K ÷ $3,265,876K
= 8.78%

Net profit margin is a key profitability ratio that indicates the percentage of revenue that translates into profit after all expenses have been deducted. Looking at the data provided for Kirby Corporation, we observe fluctuations in the net profit margin over the quarters.

From March 31, 2020, to June 30, 2021, the company experienced negative net profit margins, indicating that expenses were exceeding revenues during this period. The margins improved slightly in the first quarter of 2021 but still remained relatively low.

Starting from September 30, 2021, the net profit margin decreased significantly into negative double digits, signaling operational challenges or cost inefficiencies impacting the company's profitability. However, there was a positive turnaround in the subsequent quarters, with margins improving consistently from March 31, 2022, to December 31, 2024.

The positive trend in net profit margins from March 31, 2023, onwards suggests that Kirby Corporation was able to enhance its operational efficiency, control costs, or increase revenues. Specifically, the margins improved from 4.98% on March 31, 2023, to 8.78% on December 31, 2024, reflecting a healthy profitability level at the end of the period.

Overall, analyzing the trend in net profit margins for Kirby Corporation reveals fluctuations and challenges in the past but also shows a positive turnaround in recent quarters, indicating efforts to enhance profitability and financial performance. As always, it is crucial for the company to sustain this positive momentum and continue its focus on improving profitability in the future.