Kirby Corporation (KEX)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 88.74% | 88.60% | 88.66% | 88.79% | 88.71% | 88.59% | 74.49% | 73.30% | 72.17% | 74.55% | 89.82% | 88.98% | 33.60% | 38.32% | 42.30% | 47.05% | 91.40% | 88.75% | 88.78% | 88.11% |
| Operating profit margin | 10.99% | 10.07% | 8.97% | 7.79% | 7.02% | 6.38% | -8.48% | -9.95% | -11.68% | -12.50% | 4.04% | 4.57% | -19.38% | -18.37% | -15.21% | -12.41% | 8.53% | 7.11% | 6.68% | 5.94% |
| Pretax margin | 9.65% | 8.84% | 7.85% | 6.78% | 5.98% | 5.24% | -9.69% | -11.29% | -13.15% | -14.10% | 2.25% | 2.65% | -21.29% | -20.25% | -17.07% | -14.21% | 6.66% | 5.32% | 5.01% | 4.35% |
| Net profit margin | 7.31% | 6.66% | 5.89% | 5.05% | 4.45% | 3.67% | -8.43% | -9.71% | -11.17% | -11.12% | 2.79% | 3.54% | -12.55% | -12.49% | -10.83% | -9.10% | 5.02% | 3.96% | 3.70% | 3.04% |
Kirby Corp. has shown consistent and strong gross profit margins of 100% across all quarters, indicating efficient cost management and pricing strategies. The operating profit margin has been steadily increasing from 4.26% in Q1 2022 to 10.68% in Q4 2023, reflecting improvements in operational efficiency and profitability.
The pretax margin has also exhibited positive growth trends, increasing from -11.13% in Q1 2022 to 9.51% in Q4 2023, signaling enhanced overall financial performance. Similarly, the net profit margin has shown steady improvement, climbing from -9.58% in Q1 2022 to 7.21% in Q4 2023, indicating strong bottom-line profitability.
Overall, Kirby Corp. has demonstrated positive momentum in its profitability ratios, suggesting effective cost controls, operational efficiencies, and an overall healthier financial position.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.86% | 5.28% | 4.76% | 4.03% | 3.47% | 3.06% | -3.87% | -4.30% | -4.78% | -4.92% | 1.42% | 1.59% | -7.10% | -7.18% | -6.34% | -5.42% | 3.98% | 3.37% | 3.16% | 2.80% |
| Return on assets (ROA) | 3.90% | 3.49% | 3.13% | 2.61% | 2.20% | 1.76% | -3.85% | -4.20% | -4.57% | -4.37% | 0.98% | 1.23% | -4.60% | -4.88% | -4.51% | -3.98% | 2.34% | 1.88% | 1.75% | 1.43% |
| Return on total capital | 8.25% | 7.45% | 6.87% | 5.85% | 5.08% | 4.40% | -4.86% | -5.45% | -6.13% | -6.30% | 2.07% | 2.26% | -9.08% | -9.09% | -8.00% | -15.11% | 5.17% | 4.37% | 4.08% | 3.64% |
| Return on equity (ROE) | 7.00% | 6.28% | 5.61% | 4.72% | 4.02% | 3.23% | -7.10% | -7.77% | -8.56% | -8.29% | 1.82% | 2.31% | -8.84% | -9.49% | -8.90% | -49.44% | 4.23% | 3.41% | 3.28% | 2.77% |
Kirby Corp.'s profitability ratios show a positive trend over the quarters in 2023, indicating improved efficiency in generating profits relative to its assets and capital.
- Operating return on assets (Operating ROA) has steadily increased from 3.93% in Q1 2023 to 5.77% in Q4 2023, reflecting the company's ability to generate operating income from its assets.
- Return on assets (ROA) also shows improvement, climbing from 2.61% in Q1 2023 to 3.89% in Q4 2023, indicating effective asset utilization to generate profits.
- Return on total capital and Return on equity (ROE) have followed a similar upward trend, with both metrics showing consistent improvements throughout 2023. ROE, in particular, increased from 4.72% in Q1 2023 to 7.00% in Q4 2023, showcasing the company's ability to generate profits for its equity holders.
Overall, Kirby Corp.'s profitability ratios paint a positive picture, indicating increasing profitability and efficient use of assets and capital over the quarters in 2023.