Kirby Corporation (KEX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 362,763 | 401,238 | 365,583 | 331,094 | 294,125 | 263,259 | 232,490 | 195,848 | 164,975 | 137,551 | -239,000 | -262,791 | -290,601 | -298,447 | 46,421 | 54,410 | -333,418 | -344,412 | -299,231 | -260,356 |
| 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 |
| Pretax margin | 11.11% | 12.30% | 11.44% | 10.51% | 9.51% | 8.71% | 7.74% | 6.70% | 5.92% | 5.20% | -9.56% | -11.13% | -12.93% | -13.91% | 2.27% | 2.69% | -15.35% | -14.73% | -11.93% | -9.51% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $362,763K ÷ $3,265,876K
= 11.11%
The pretax margin of Kirby Corporation has shown fluctuations over the past few years. It started out with negative margins in the range of -9.51% to -15.35% in the first half of 2020. However, there was a significant improvement in the profitability as the pretax margin turned positive in the following quarters, reaching a peak of 11.44% in June 2024.
Despite some fluctuations, there seems to be a general trend of improvement in profitability from March 2021 to December 2024. This positive trend indicates that Kirby Corporation has been able to effectively manage its operational expenses and generate higher operating income relative to its revenue during this period.
Investors and stakeholders may view the increasing pretax margins as a positive sign of the company's ability to generate profits before accounting for taxes, which can ultimately lead to higher net income and shareholder returns. However, it's important to monitor the trend in pretax margin over time to assess the sustainability of Kirby Corporation's profitability.
Peer comparison
Dec 31, 2024