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Kirby Corporation KEX Construction Of New Vessels — Interest Costs Capitalized

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Other financials

Income statement

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Revenue$844.1M+7.4%
Operating income$107.7M+2.0%
Net income$81.2M+6.9%
EPS (diluted)$1.50+12.8%

Balance sheet

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Cash & equivalents$58.0M+13.6%
Total debt$1.2B-7.4%
Total equity$3.4B+2.7%
Total assets$6.1B+1.7%

Cash flow

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Operating cash flow$97.7M+167%
CapEx$48.3M-38.7%
Free cash flow$49.4M+217%

Valuation

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Market cap$7.52B+24.0%
Enterprise value$8.64B+18.3%
P/E20.9×+0.2×
P/S2.2×+0.3×

Profitability

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Operating margin14.6%+2.1pp
Net margin10.5%+1.5pp
FCF margin14.5%+4.4pp

Returns & leverage

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Return on equity10.7%+1.7pp
Debt / equity0.3×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Kirby Corporation in its filing.

Tagged under the XBRL concept us-gaap:InterestCostsCapitalized.

The official record: Kirby Corporation’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kirby Corporation's construction of new vessels — interest costs capitalized?
Kirby Corporation (KEX) reported construction of new vessels — interest costs capitalized of $250K in Q4 2025.
What does construction of new vessels — interest costs capitalized mean?
The amount of interest paid on debt used to fund the construction of new vessels that is added to the asset's value instead of being treated as an immediate expense.
How do you interpret construction of new vessels — interest costs capitalized?
An increase indicates active investment in fleet growth or major capital projects, while a decrease suggests a slowdown in new construction activity or the completion of major capital programs.
How does construction of new vessels — interest costs capitalized compare across companies?
Peer companies in capital-intensive marine transportation or industrial manufacturing often report similar capitalization of interest during significant asset construction cycles.