Kirby Corporation (KEX)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 12.20% | 13.50% | 12.73% | 11.89% | 10.81% | 8.39% | 5.73% | 2.81% | -0.01% | 0.76% | -12.35% | -11.95% | -11.49% | -12.35% | 4.01% | 4.55% | -13.49% | -12.89% | -10.11% | -7.74% |
| 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% |
| 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% |
Based on the provided data for Kirby Corporation, let's analyze the profitability ratios:
1. Gross Profit Margin:
- The gross profit margin shows the percentage of revenue that exceeds the cost of goods sold.
- It has shown a fluctuating trend over the observed periods, starting at 20.84% in March 2020 and ending at 27.18% in December 2024.
- The increasing trend indicates an improvement in the company's ability to control its production costs and generate higher profits on sales.
2. Operating Profit Margin:
- The operating profit margin measures the company's efficiency in managing its operating expenses relative to revenue.
- Kirby Corporation initially had negative margins in operating profit, indicating inefficiency, but it gradually improved over time, reaching 12.20% in December 2024.
- The positive trend reflects the company's ability to streamline its operational costs and enhance profitability.
3. Pretax Margin:
- The pretax margin indicates the company's profitability before accounting for taxes.
- Similar to the operating profit margin, the pretax margin started with negative figures, but steadily increased to 11.11% by December 2024.
- The positive trend suggests that Kirby Corporation effectively managed its expenses and improved its financial performance over the observed periods.
4. Net Profit Margin:
- The net profit margin shows the company's bottom-line profitability after accounting for all expenses and taxes.
- Kirby Corporation experienced negative net profit margins in the initial periods but showed a significant improvement over time, reaching 8.78% in December 2024.
- The rising trend in net profit margin indicates the company's ability to enhance its net income relative to revenue, reflecting improved overall financial health.
In conclusion, Kirby Corporation has shown a positive trend in profitability ratios over the observed periods, indicating enhanced operational efficiency, effective cost management, and improved financial performance, culminating in higher profit margins by December 2024.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.81% | 7.50% | 6.94% | 6.48% | 5.84% | 4.46% | 3.09% | 1.47% | -0.00% | 0.37% | -5.71% | -5.24% | -4.78% | -4.92% | 1.42% | 1.59% | -4.94% | -5.04% | -4.21% | -3.45% |
| Return on assets (ROA) | 4.90% | 5.21% | 4.75% | 4.37% | 3.90% | 3.49% | 3.13% | 2.61% | 2.20% | 1.76% | -3.85% | -4.20% | -4.57% | -4.37% | 0.98% | 1.23% | -2.93% | -3.23% | -2.87% | -2.45% |
| Return on total capital | 13.28% | 13.18% | 12.00% | 11.11% | 9.89% | 8.97% | 8.09% | 7.07% | 6.33% | 5.50% | -6.73% | -7.57% | -8.50% | -8.87% | 2.74% | 3.13% | -13.16% | -13.45% | -12.00% | -10.49% |
| Return on equity (ROE) | 8.55% | 9.26% | 8.55% | 7.85% | 7.00% | 6.28% | 5.60% | 4.72% | 4.02% | 3.22% | -7.10% | -7.77% | -8.55% | -8.28% | 1.82% | 2.31% | -5.63% | -6.28% | -5.66% | -4.81% |
Kirby Corporation's profitability ratios show fluctuations over the past few years. The Operating Return on Assets (Operating ROA) has been negative for most quarters, indicating operational inefficiencies or challenges in generating profits from its assets. However, there has been a gradual improvement in recent quarters, with a positive trend observed in the latest periods.
The Return on Assets (ROA) also exhibited a similar pattern, starting from negative values and progressively increasing to positive figures. This metric measures the company's ability to generate earnings from its total assets, showcasing a turnaround in profitability performance.
Return on Total Capital reflects the return earned by the company on its total capital employed. Similar to ROA, this ratio started from negative values and saw a consistent improvement over time, reaching positive double-digit percentages by the end of 2024. This indicates that Kirby Corporation effectively utilized its capital to generate returns for its stakeholders.
Lastly, the Return on Equity (ROE) ratio demonstrates the return generated on the shareholders' equity. Like the other profitability ratios, ROE experienced negative values initially but displayed a positive trend, showcasing an increasing profitability for shareholders as the company efficiently used equity to generate earnings.
Overall, Kirby Corporation's profitability ratios have shown an upward trajectory, indicating an enhancement in the company's ability to generate profits relative to its assets, capital, and equity over the analyzed periods.