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Side-by-side financial comparison of KIRBY CORP (KEX) and Tronox Holdings plc (TROX). Click either name above to swap in a different company.

KIRBY CORP is the larger business by last-quarter revenue ($844.1M vs $760.0M, roughly 1.1× Tronox Holdings plc). On growth, KIRBY CORP posted the faster year-over-year revenue change (7.4% vs 4.1%). Tronox Holdings plc produced more free cash flow last quarter ($53.0M vs $49.4M). Over the past eight quarters, KIRBY CORP's revenue compounded faster (1.2% CAGR vs -3.7%).

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 ...

Tronox Limited is an American worldwide chemical company involved in the titanium products industry with approximately 6,500 employees. Following its acquisition of the mineral sands business formerly belonging to South Africa's Exxaro Resources, Tronox is the largest fully integrated seller and marketer of titanium dioxide (TiO2) pigment, which provides brightness to applications such as coatings, plastics and paper. Tronox mines titanium-bearing mineral sands and operates upgrading faciliti...

KEX vs TROX — Head-to-Head

Bigger by revenue
KEX
KEX
1.1× larger
KEX
$844.1M
$760.0M
TROX
Growing faster (revenue YoY)
KEX
KEX
+3.3% gap
KEX
7.4%
4.1%
TROX
More free cash flow
TROX
TROX
$3.6M more FCF
TROX
$53.0M
$49.4M
KEX
Faster 2-yr revenue CAGR
KEX
KEX
Annualised
KEX
1.2%
-3.7%
TROX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
KEX
KEX
TROX
TROX
Revenue
$844.1M
$760.0M
Net Profit
$81.3M
Gross Margin
0.0%
Operating Margin
12.8%
Net Margin
9.6%
Revenue YoY
7.4%
4.1%
Net Profit YoY
6.6%
EPS (diluted)
$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
KEX
KEX
TROX
TROX
Q1 26
$844.1M
$760.0M
Q4 25
$851.8M
$730.0M
Q3 25
$871.2M
$699.0M
Q2 25
$855.5M
$731.0M
Q1 25
$785.7M
$738.0M
Q4 24
$802.3M
$676.0M
Q3 24
$831.1M
$804.0M
Q2 24
$824.4M
$820.0M
Net Profit
KEX
KEX
TROX
TROX
Q1 26
$81.3M
Q4 25
$91.8M
$-176.0M
Q3 25
$92.5M
$-99.0M
Q2 25
$94.3M
$-84.0M
Q1 25
$76.0M
$-111.0M
Q4 24
$42.8M
$-30.0M
Q3 24
$90.0M
$-25.0M
Q2 24
$83.9M
$16.0M
Gross Margin
KEX
KEX
TROX
TROX
Q1 26
0.0%
Q4 25
5.3%
Q3 25
7.4%
Q2 25
10.8%
Q1 25
13.4%
Q4 24
17.3%
Q3 24
15.9%
Q2 24
18.3%
Operating Margin
KEX
KEX
TROX
TROX
Q1 26
12.8%
Q4 25
15.2%
-15.6%
Q3 25
14.8%
-6.2%
Q2 25
15.4%
-4.8%
Q1 25
13.4%
-8.3%
Q4 24
6.3%
7.1%
Q3 24
15.3%
6.7%
Q2 24
14.6%
9.3%
Net Margin
KEX
KEX
TROX
TROX
Q1 26
9.6%
Q4 25
10.8%
-24.1%
Q3 25
10.6%
-14.2%
Q2 25
11.0%
-11.5%
Q1 25
9.7%
-15.0%
Q4 24
5.3%
-4.4%
Q3 24
10.8%
-3.1%
Q2 24
10.2%
2.0%
EPS (diluted)
KEX
KEX
TROX
TROX
Q1 26
$1.50
Q4 25
$1.68
$-1.11
Q3 25
$1.65
$-0.63
Q2 25
$1.67
$-0.53
Q1 25
$1.33
$-0.70
Q4 24
$0.74
$-0.19
Q3 24
$1.55
$-0.16
Q2 24
$1.43
$0.10

Balance Sheet & Financial Strength

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

Metric
KEX
KEX
TROX
TROX
Cash + ST InvestmentsLiquidity on hand
$58.0M
$126
Total DebtLower is stronger
$133
Stockholders' EquityBook value
$3.4B
$1.3K
Total Assets
$6.1K
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEX
KEX
TROX
TROX
Q1 26
$58.0M
$126
Q4 25
$78.8M
$199.0M
Q3 25
$47.0M
$185.0M
Q2 25
$68.4M
$132.0M
Q1 25
$51.1M
$138.0M
Q4 24
$74.4M
$151.0M
Q3 24
$67.1M
$167.0M
Q2 24
$53.5M
$201.0M
Total Debt
KEX
KEX
TROX
TROX
Q1 26
$133
Q4 25
$919.3M
$3.1B
Q3 25
$1.0B
$3.1B
Q2 25
$1.1B
$2.7B
Q1 25
$1.1B
$2.8B
Q4 24
$874.9M
$2.8B
Q3 24
$978.6M
$2.8B
Q2 24
$1.0B
$2.8B
Stockholders' Equity
KEX
KEX
TROX
TROX
Q1 26
$3.4B
$1.3K
Q4 25
$3.4B
$1.4B
Q3 25
$3.4B
$1.6B
Q2 25
$3.4B
$1.6B
Q1 25
$3.3B
$1.7B
Q4 24
$3.4B
$1.8B
Q3 24
$3.3B
$1.9B
Q2 24
$3.3B
$1.9B
Total Assets
KEX
KEX
TROX
TROX
Q1 26
$6.1K
Q4 25
$6.0B
$6.2B
Q3 25
$6.1B
$6.3B
Q2 25
$6.1B
$6.2B
Q1 25
$6.0B
$6.1B
Q4 24
$5.9B
$6.0B
Q3 24
$5.9B
$6.2B
Q2 24
$5.9B
$6.1B
Debt / Equity
KEX
KEX
TROX
TROX
Q1 26
0.10×
Q4 25
0.27×
2.21×
Q3 25
0.31×
2.01×
Q2 25
0.33×
1.67×
Q1 25
0.33×
1.64×
Q4 24
0.26×
1.57×
Q3 24
0.30×
1.45×
Q2 24
0.32×
1.47×

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
TROX
TROX
Operating Cash FlowLast quarter
$97.7M
Free Cash FlowOCF − Capex
$49.4M
$53.0M
FCF MarginFCF / Revenue
5.9%
7.0%
Capex IntensityCapex / Revenue
5.7%
0.0%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$497.3M
$-86.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEX
KEX
TROX
TROX
Q1 26
$97.7M
Q4 25
$312.2M
$121.0M
Q3 25
$227.5M
$-57.0M
Q2 25
$93.9M
$28.0M
Q1 25
$36.5M
$-32.0M
Q4 24
$247.4M
$82.0M
Q3 24
$206.5M
$87.0M
Q2 24
$179.3M
$160.0M
Free Cash Flow
KEX
KEX
TROX
TROX
Q1 26
$49.4M
$53.0M
Q4 25
$265.2M
$53.0M
Q3 25
$160.3M
$-137.0M
Q2 25
$22.4M
$-55.0M
Q1 25
$-42.1M
$-142.0M
Q4 24
$150.7M
$-35.0M
Q3 24
$130.1M
$-14.0M
Q2 24
$90.8M
$84.0M
FCF Margin
KEX
KEX
TROX
TROX
Q1 26
5.9%
7.0%
Q4 25
31.1%
7.3%
Q3 25
18.4%
-19.6%
Q2 25
2.6%
-7.5%
Q1 25
-5.4%
-19.2%
Q4 24
18.8%
-5.2%
Q3 24
15.7%
-1.7%
Q2 24
11.0%
10.2%
Capex Intensity
KEX
KEX
TROX
TROX
Q1 26
5.7%
0.0%
Q4 25
5.5%
9.3%
Q3 25
7.7%
11.4%
Q2 25
8.4%
11.4%
Q1 25
10.0%
14.9%
Q4 24
12.0%
17.3%
Q3 24
9.2%
12.6%
Q2 24
10.7%
9.3%
Cash Conversion
KEX
KEX
TROX
TROX
Q1 26
1.20×
Q4 25
3.40×
Q3 25
2.46×
Q2 25
1.00×
Q1 25
0.48×
Q4 24
5.78×
Q3 24
2.30×
Q2 24
2.14×
10.00×

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%

TROX
TROX

Segment breakdown not available.

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