vs

Side-by-side financial comparison of Hamilton Insurance Group, Ltd. (HG) and KIRBY CORP (KEX). Click either name above to swap in a different company.

KIRBY CORP is the larger business by last-quarter revenue ($844.1M vs $758.9M, roughly 1.1× Hamilton Insurance Group, Ltd.). Hamilton Insurance Group, Ltd. runs the higher net margin — 17.6% vs 9.6%, a 8.0% gap on every dollar of revenue. On growth, KIRBY CORP posted the faster year-over-year revenue change (7.4% vs -1.3%). Over the past eight quarters, Hamilton Insurance Group, Ltd.'s revenue compounded faster (13.6% CAGR vs 1.2%).

White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates.

Kirby Corporation, headquartered in Houston, Texas, is the largest tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Products transported by Kirby include petrochemicals, black oil, refined petroleum products, and agricultural chemical products by tank barge. Kirby also owns and operates eight ocean-going barge and tug units transporting ...

HG vs KEX — Head-to-Head

Bigger by revenue
KEX
KEX
1.1× larger
KEX
$844.1M
$758.9M
HG
Growing faster (revenue YoY)
KEX
KEX
+8.7% gap
KEX
7.4%
-1.3%
HG
Higher net margin
HG
HG
8.0% more per $
HG
17.6%
9.6%
KEX
Faster 2-yr revenue CAGR
HG
HG
Annualised
HG
13.6%
1.2%
KEX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HG
HG
KEX
KEX
Revenue
$758.9M
$844.1M
Net Profit
$133.5M
$81.3M
Gross Margin
Operating Margin
12.8%
Net Margin
17.6%
9.6%
Revenue YoY
-1.3%
7.4%
Net Profit YoY
19.7%
6.6%
EPS (diluted)
$1.31
$1.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HG
HG
KEX
KEX
Q1 26
$758.9M
$844.1M
Q4 25
$728.3M
$851.8M
Q3 25
$667.6M
$871.2M
Q2 25
$740.8M
$855.5M
Q1 25
$768.8M
$785.7M
Q4 24
$570.5M
$802.3M
Q3 24
$512.8M
$831.1M
Q2 24
$587.9M
$824.4M
Net Profit
HG
HG
KEX
KEX
Q1 26
$133.5M
$81.3M
Q4 25
$214.6M
$91.8M
Q3 25
$176.4M
$92.5M
Q2 25
$267.8M
$94.3M
Q1 25
$181.3M
$76.0M
Q4 24
$74.4M
$42.8M
Q3 24
$61.0M
$90.0M
Q2 24
$200.4M
$83.9M
Operating Margin
HG
HG
KEX
KEX
Q1 26
12.8%
Q4 25
26.0%
15.2%
Q3 25
27.0%
14.8%
Q2 25
36.5%
15.4%
Q1 25
24.0%
13.4%
Q4 24
13.4%
6.3%
Q3 24
12.5%
15.3%
Q2 24
34.5%
14.6%
Net Margin
HG
HG
KEX
KEX
Q1 26
17.6%
9.6%
Q4 25
29.5%
10.8%
Q3 25
26.4%
10.6%
Q2 25
36.1%
11.0%
Q1 25
23.6%
9.7%
Q4 24
13.0%
5.3%
Q3 24
11.9%
10.8%
Q2 24
34.1%
10.2%
EPS (diluted)
HG
HG
KEX
KEX
Q1 26
$1.31
$1.50
Q4 25
$1.67
$1.68
Q3 25
$1.32
$1.65
Q2 25
$1.79
$1.67
Q1 25
$0.77
$1.33
Q4 24
$0.35
$0.74
Q3 24
$0.74
$1.55
Q2 24
$1.20
$1.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HG
HG
KEX
KEX
Cash + ST InvestmentsLiquidity on hand
$842.5M
$58.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$3.4B
Total Assets
$9.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HG
HG
KEX
KEX
Q1 26
$842.5M
$58.0M
Q4 25
$1.1B
$78.8M
Q3 25
$955.1M
$47.0M
Q2 25
$985.6M
$68.4M
Q1 25
$838.5M
$51.1M
Q4 24
$996.5M
$74.4M
Q3 24
$957.4M
$67.1M
Q2 24
$1.0B
$53.5M
Total Debt
HG
HG
KEX
KEX
Q1 26
Q4 25
$149.7M
$919.3M
Q3 25
$149.7M
$1.0B
Q2 25
$149.7M
$1.1B
Q1 25
$150.0M
$1.1B
Q4 24
$149.9M
$874.9M
Q3 24
$149.9M
$978.6M
Q2 24
$149.9M
$1.0B
Stockholders' Equity
HG
HG
KEX
KEX
Q1 26
$2.7B
$3.4B
Q4 25
$2.8B
$3.4B
Q3 25
$2.7B
$3.4B
Q2 25
$2.6B
$3.4B
Q1 25
$2.4B
$3.3B
Q4 24
$2.3B
$3.4B
Q3 24
$2.3B
$3.3B
Q2 24
$2.2B
$3.3B
Total Assets
HG
HG
KEX
KEX
Q1 26
$9.9B
Q4 25
$9.6B
$6.0B
Q3 25
$9.2B
$6.1B
Q2 25
$8.9B
$6.1B
Q1 25
$8.3B
$6.0B
Q4 24
$7.8B
$5.9B
Q3 24
$7.8B
$5.9B
Q2 24
$7.6B
$5.9B
Debt / Equity
HG
HG
KEX
KEX
Q1 26
Q4 25
0.05×
0.27×
Q3 25
0.06×
0.31×
Q2 25
0.06×
0.33×
Q1 25
0.06×
0.33×
Q4 24
0.06×
0.26×
Q3 24
0.06×
0.30×
Q2 24
0.07×
0.32×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HG
HG
KEX
KEX
Operating Cash FlowLast quarter
$97.7M
Free Cash FlowOCF − Capex
$49.4M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
5.7%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$497.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HG
HG
KEX
KEX
Q1 26
$97.7M
Q4 25
$293.4M
$312.2M
Q3 25
$295.6M
$227.5M
Q2 25
$218.4M
$93.9M
Q1 25
$34.9M
$36.5M
Q4 24
$284.1M
$247.4M
Q3 24
$160.6M
$206.5M
Q2 24
$156.4M
$179.3M
Free Cash Flow
HG
HG
KEX
KEX
Q1 26
$49.4M
Q4 25
$265.2M
Q3 25
$160.3M
Q2 25
$22.4M
Q1 25
$-42.1M
Q4 24
$150.7M
Q3 24
$130.1M
Q2 24
$90.8M
FCF Margin
HG
HG
KEX
KEX
Q1 26
5.9%
Q4 25
31.1%
Q3 25
18.4%
Q2 25
2.6%
Q1 25
-5.4%
Q4 24
18.8%
Q3 24
15.7%
Q2 24
11.0%
Capex Intensity
HG
HG
KEX
KEX
Q1 26
5.7%
Q4 25
5.5%
Q3 25
7.7%
Q2 25
8.4%
Q1 25
10.0%
Q4 24
12.0%
Q3 24
9.2%
Q2 24
10.7%
Cash Conversion
HG
HG
KEX
KEX
Q1 26
1.20×
Q4 25
1.37×
3.40×
Q3 25
1.68×
2.46×
Q2 25
0.82×
1.00×
Q1 25
0.19×
0.48×
Q4 24
3.82×
5.78×
Q3 24
2.63×
2.30×
Q2 24
0.78×
2.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HG
HG

Segment breakdown not available.

KEX
KEX

Marine transportation$497.2M59%
Distribution and services$346.9M41%

Related Comparisons