Kirby Corporation (KEX)

Return on equity (ROE)

		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
Total stockholders’ equity	US$ in thousands	3,351,810	3,302,330	3,261,460	3,215,650	3,185,430	3,158,080	3,112,810	3,085,140	3,045,170	2,975,360	2,929,740	2,911,860	2,888,780	2,846,220	3,105,330	3,088,740	3,087,550	3,075,260	3,048,880	3,124,530
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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $286,707K ÷ $3,351,810K
= 8.55%

Kirby Corporation's return on equity (ROE) has displayed a fluctuating pattern over the observed periods. The ROE started with negative values in March 2020 and continued to be negative until March 2021. From March 2021 to September 2021, there was a slight improvement, but the ROE remained negative.

However, the trend shifted positively from the second half of 2021 onwards, as the ROE turned positive in March 2022 and continued to increase steadily until December 2024. The ROE improved from 3.22% in September 2022 to 9.26% in September 2024, demonstrating a significant enhancement in the company's profitability and efficiency in generating returns for its shareholders.

Overall, the positive trend in Kirby Corporation's ROE indicates that the company has been effectively utilizing its equity to generate profits and create value for its shareholders in the latter part of the observed period.