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Side-by-side financial comparison of KIRBY CORP (KEX) and MURPHY OIL CORP (MUR). Click either name above to swap in a different company.

KIRBY CORP is the larger business by last-quarter revenue ($844.1M vs $613.1M, roughly 1.4× MURPHY OIL CORP). KIRBY CORP runs the higher net margin — 9.6% vs 1.9%, a 7.7% gap on every dollar of revenue. On growth, KIRBY CORP posted the faster year-over-year revenue change (7.4% vs -8.4%). Over the past eight quarters, KIRBY CORP's revenue compounded faster (1.2% CAGR vs -12.2%).

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 ...

Murphy Oil Corporation is an American energy company engaged in hydrocarbon exploration headquartered in Houston, Texas.

KEX vs MUR — Head-to-Head

Bigger by revenue
KEX
KEX
1.4× larger
KEX
$844.1M
$613.1M
MUR
Growing faster (revenue YoY)
KEX
KEX
+15.9% gap
KEX
7.4%
-8.4%
MUR
Higher net margin
KEX
KEX
7.7% more per $
KEX
9.6%
1.9%
MUR
Faster 2-yr revenue CAGR
KEX
KEX
Annualised
KEX
1.2%
-12.2%
MUR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
KEX
KEX
MUR
MUR
Revenue
$844.1M
$613.1M
Net Profit
$81.3M
$11.9M
Gross Margin
Operating Margin
12.8%
9.7%
Net Margin
9.6%
1.9%
Revenue YoY
7.4%
-8.4%
Net Profit YoY
6.6%
-76.3%
EPS (diluted)
$1.50
$0.08

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
KEX
KEX
MUR
MUR
Q1 26
$844.1M
Q4 25
$851.8M
$613.1M
Q3 25
$871.2M
$721.0M
Q2 25
$855.5M
$683.0M
Q1 25
$785.7M
$672.7M
Q4 24
$802.3M
$669.6M
Q3 24
$831.1M
$753.2M
Q2 24
$824.4M
$801.0M
Net Profit
KEX
KEX
MUR
MUR
Q1 26
$81.3M
Q4 25
$91.8M
$11.9M
Q3 25
$92.5M
$-3.0M
Q2 25
$94.3M
$22.3M
Q1 25
$76.0M
$73.0M
Q4 24
$42.8M
$50.4M
Q3 24
$90.0M
$139.1M
Q2 24
$83.9M
$127.7M
Gross Margin
KEX
KEX
MUR
MUR
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
99.6%
Operating Margin
KEX
KEX
MUR
MUR
Q1 26
12.8%
Q4 25
15.2%
9.7%
Q3 25
14.8%
0.8%
Q2 25
15.4%
13.5%
Q1 25
13.4%
21.4%
Q4 24
6.3%
12.7%
Q3 24
15.3%
23.8%
Q2 24
14.6%
23.0%
Net Margin
KEX
KEX
MUR
MUR
Q1 26
9.6%
Q4 25
10.8%
1.9%
Q3 25
10.6%
-0.4%
Q2 25
11.0%
3.3%
Q1 25
9.7%
10.9%
Q4 24
5.3%
7.5%
Q3 24
10.8%
18.5%
Q2 24
10.2%
15.9%
EPS (diluted)
KEX
KEX
MUR
MUR
Q1 26
$1.50
Q4 25
$1.68
$0.08
Q3 25
$1.65
$-0.02
Q2 25
$1.67
$0.16
Q1 25
$1.33
$0.50
Q4 24
$0.74
$0.35
Q3 24
$1.55
$0.93
Q2 24
$1.43
$0.83

Balance Sheet & Financial Strength

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

Metric
KEX
KEX
MUR
MUR
Cash + ST InvestmentsLiquidity on hand
$58.0M
$377.2M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$3.4B
$5.1B
Total Assets
$9.8B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEX
KEX
MUR
MUR
Q1 26
$58.0M
Q4 25
$78.8M
$377.2M
Q3 25
$47.0M
$426.0M
Q2 25
$68.4M
$379.6M
Q1 25
$51.1M
$392.9M
Q4 24
$74.4M
$423.6M
Q3 24
$67.1M
$271.2M
Q2 24
$53.5M
$333.6M
Total Debt
KEX
KEX
MUR
MUR
Q1 26
Q4 25
$919.3M
$1.4B
Q3 25
$1.0B
$1.4B
Q2 25
$1.1B
$1.5B
Q1 25
$1.1B
$1.5B
Q4 24
$874.9M
$1.3B
Q3 24
$978.6M
$1.3B
Q2 24
$1.0B
$1.3B
Stockholders' Equity
KEX
KEX
MUR
MUR
Q1 26
$3.4B
Q4 25
$3.4B
$5.1B
Q3 25
$3.4B
$5.1B
Q2 25
$3.4B
$5.2B
Q1 25
$3.3B
$5.1B
Q4 24
$3.4B
$5.2B
Q3 24
$3.3B
$5.2B
Q2 24
$3.3B
$5.3B
Total Assets
KEX
KEX
MUR
MUR
Q1 26
Q4 25
$6.0B
$9.8B
Q3 25
$6.1B
$9.7B
Q2 25
$6.1B
$9.8B
Q1 25
$6.0B
$9.8B
Q4 24
$5.9B
$9.7B
Q3 24
$5.9B
$9.7B
Q2 24
$5.9B
$9.9B
Debt / Equity
KEX
KEX
MUR
MUR
Q1 26
Q4 25
0.27×
0.27×
Q3 25
0.31×
0.28×
Q2 25
0.33×
0.28×
Q1 25
0.33×
0.29×
Q4 24
0.26×
0.25×
Q3 24
0.30×
0.24×
Q2 24
0.32×
0.24×

Cash Flow & Capital Efficiency

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

Metric
KEX
KEX
MUR
MUR
Operating Cash FlowLast quarter
$97.7M
$249.6M
Free Cash FlowOCF − Capex
$49.4M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
5.7%
Cash ConversionOCF / Net Profit
1.20×
20.92×
TTM Free Cash FlowTrailing 4 quarters
$497.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEX
KEX
MUR
MUR
Q1 26
$97.7M
Q4 25
$312.2M
$249.6M
Q3 25
$227.5M
$339.4M
Q2 25
$93.9M
$358.1M
Q1 25
$36.5M
$300.7M
Q4 24
$247.4M
$433.6M
Q3 24
$206.5M
$429.0M
Q2 24
$179.3M
$467.7M
Free Cash Flow
KEX
KEX
MUR
MUR
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
KEX
KEX
MUR
MUR
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
KEX
KEX
MUR
MUR
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
KEX
KEX
MUR
MUR
Q1 26
1.20×
Q4 25
3.40×
20.92×
Q3 25
2.46×
Q2 25
1.00×
16.06×
Q1 25
0.48×
4.12×
Q4 24
5.78×
8.61×
Q3 24
2.30×
3.08×
Q2 24
2.14×
3.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KEX
KEX

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

MUR
MUR

Segment breakdown not available.

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