Kirby vs Matson
Kirby reported revenue of $3.4 billion in fiscal 2025, about the same as Matson's $3.3 billion in fiscal 2025. Kirby's revenue grew 3.0% in its latest year, and Matson's fell 2.3%. Kirby had an operating margin of 14.8%, against 14.9% at Matson. Free cash flow was $406 million at Kirby and $154 million at Matson.
Side by side
| Kirby | Matson | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.4B | $3.3B |
| Revenue growth | 3.0% | −2.3% |
| Revenue growth a year, last 5 years | 9.1% | 7.0% |
| Gross margin | — | — |
| Operating margin | 14.8% | 14.9% |
| Net margin | 10.5% | 13.3% |
| Free cash flow | $406M | $154M |
| Free cash flow margin | 12.1% | 4.6% |
| Return on capital | 8.9% | 14.2% |
| Net debt to EBITDA | 1.1x | 0.4x |
| Dividends and buybacks | $354M | $348M |
| Change in diluted share count | −4.0% | −5.8% |
| Last close | $134.63 | $228.85 |
| P/E at the last close | 20.7× | 15.4× |
| Insider trades, last 12 months | sold $19.1 million | sold $24.0 million |
| Piotroski F-score | 7 of 8 | 5 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
KirbyMatson
Operating margin
Percent of revenue
KirbyMatson
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
KirbyMatson