Kirby Corporation (KEX)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 286,707 | 222,935 | 122,291 | -246,771 | -271,592 |
| Total stockholders’ equity | US$ in thousands | 3,303,610 | 3,185,430 | 3,045,170 | 2,888,780 | 3,087,550 |
| ROE | 8.68% | 7.00% | 4.02% | -8.54% | -8.80% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $286,707K ÷ $3,303,610K
= 8.68%
Kirby Corporation's return on equity (ROE) has shown a fluctuating trend over the past five years. In 2020 and 2021, the company reported negative ROE figures of -8.80% and -8.54% respectively, indicating that the company was not efficiently utilizing its shareholders' equity to generate profits during those years.
However, there was a turnaround in the performance in the subsequent years. In 2022, the ROE improved to 4.02%, showing a positive sign as the company started to generate a return on the equity invested by shareholders. The positive trend continued in 2023 and 2024, with ROE figures of 7.00% and 8.68% respectively, indicating an increasing ability to generate profits from shareholders' equity.
Overall, the upward trend in ROE from 2022 to 2024 suggests that Kirby Corporation has been improving its efficiency in utilizing shareholder funds to generate profits. This improvement is a positive indicator of the company's financial performance and effective management of shareholder equity.
Peer comparison
Dec 31, 2024