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KIRBY CORP（KEX）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
KIRBY CORP的季度营收约是Mativ Holdings, Inc.的1.8倍（$844.1M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 9.6%，领先12.1%），KIRBY CORP同比增速更快（7.4% vs 1.0%），KIRBY CORP自由现金流更多（$49.4M vs $8.0M），过去两年KIRBY CORP的营收复合增速更高（1.2% vs -3.8%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
KEX vs MATV — 直观对比
营收规模更大
KEX
是对方的1.8倍
$463.1M
营收增速更快
KEX
高出6.5%
1.0%
净利率更高
MATV
高出12.1%
9.6%
自由现金流更多
KEX
多$41.4M
$8.0M
两年增速更快
KEX
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $844.1M | $463.1M |
| 净利润 | $81.3M | $100.8M |
| 毛利率 | — | 18.8% |
| 营业利润率 | 12.8% | 2.2% |
| 净利率 | 9.6% | 21.8% |
| 营收同比 | 7.4% | 1.0% |
| 净利润同比 | 6.6% | 6620.0% |
| 每股收益（稀释后） | $1.50 | $1.87 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收KEXMATV
| Q1 26 | $844.1M | — | ||
| Q4 25 | $851.8M | $463.1M | ||
| Q3 25 | $871.2M | $513.7M | ||
| Q2 25 | $855.5M | $525.4M | ||
| Q1 25 | $785.7M | $484.8M | ||
| Q4 24 | $802.3M | $458.6M | ||
| Q3 24 | $831.1M | $498.5M | ||
| Q2 24 | $824.4M | $523.8M |
净利润KEXMATV
| Q1 26 | $81.3M | — | ||
| Q4 25 | $91.8M | $100.8M | ||
| Q3 25 | $92.5M | $-3.2M | ||
| Q2 25 | $94.3M | $-9.5M | ||
| Q1 25 | $76.0M | $-425.5M | ||
| Q4 24 | $42.8M | $1.5M | ||
| Q3 24 | $90.0M | $-20.8M | ||
| Q2 24 | $83.9M | $-1.4M |
毛利率KEXMATV
| Q1 26 | — | — | ||
| Q4 25 | — | 18.8% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 19.7% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 18.8% | ||
| Q2 24 | — | 20.8% |
营业利润率KEXMATV
| Q1 26 | 12.8% | — | ||
| Q4 25 | 15.2% | 2.2% | ||
| Q3 25 | 14.8% | 3.1% | ||
| Q2 25 | 15.4% | 3.8% | ||
| Q1 25 | 13.4% | -88.8% | ||
| Q4 24 | 6.3% | 0.6% | ||
| Q3 24 | 15.3% | 1.4% | ||
| Q2 24 | 14.6% | 2.0% |
净利率KEXMATV
| Q1 26 | 9.6% | — | ||
| Q4 25 | 10.8% | 21.8% | ||
| Q3 25 | 10.6% | -0.6% | ||
| Q2 25 | 11.0% | -1.8% | ||
| Q1 25 | 9.7% | -87.8% | ||
| Q4 24 | 5.3% | 0.3% | ||
| Q3 24 | 10.8% | -4.2% | ||
| Q2 24 | 10.2% | -0.3% |
每股收益（稀释后）KEXMATV
| Q1 26 | $1.50 | — | ||
| Q4 25 | $1.68 | $1.87 | ||
| Q3 25 | $1.65 | $-0.06 | ||
| Q2 25 | $1.67 | $-0.18 | ||
| Q1 25 | $1.33 | $-7.82 | ||
| Q4 24 | $0.74 | $0.03 | ||
| Q3 24 | $1.55 | $-0.38 | ||
| Q2 24 | $1.43 | $-0.03 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $58.0M | $84.2M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $3.4B | $498.7M |
| 总资产 | — | $2.1B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资KEXMATV
| Q1 26 | $58.0M | — | ||
| Q4 25 | $78.8M | $84.2M | ||
| Q3 25 | $47.0M | $97.1M | ||
| Q2 25 | $68.4M | $95.6M | ||
| Q1 25 | $51.1M | $84.0M | ||
| Q4 24 | $74.4M | $94.3M | ||
| Q3 24 | $67.1M | $162.2M | ||
| Q2 24 | $53.5M | $133.4M |
总债务KEXMATV
| Q1 26 | — | — | ||
| Q4 25 | $919.3M | $1.0B | ||
| Q3 25 | $1.0B | $1.0B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $874.9M | $1.1B | ||
| Q3 24 | $978.6M | $1.2B | ||
| Q2 24 | $1.0B | $1.2B |
股东权益KEXMATV
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $498.7M | ||
| Q3 25 | $3.4B | $397.4M | ||
| Q2 25 | $3.4B | $416.6M | ||
| Q1 25 | $3.3B | $428.2M | ||
| Q4 24 | $3.4B | $858.5M | ||
| Q3 24 | $3.3B | $882.3M | ||
| Q2 24 | $3.3B | $898.0M |
总资产KEXMATV
| Q1 26 | — | — | ||
| Q4 25 | $6.0B | $2.1B | ||
| Q3 25 | $6.1B | $2.0B | ||
| Q2 25 | $6.1B | $2.1B | ||
| Q1 25 | $6.0B | $2.1B | ||
| Q4 24 | $5.9B | $2.4B | ||
| Q3 24 | $5.9B | $2.6B | ||
| Q2 24 | $5.9B | $2.6B |
负债/权益比KEXMATV
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 2.07× | ||
| Q3 25 | 0.31× | 2.63× | ||
| Q2 25 | 0.33× | 2.66× | ||
| Q1 25 | 0.33× | 2.67× | ||
| Q4 24 | 0.26× | 1.30× | ||
| Q3 24 | 0.30× | 1.32× | ||
| Q2 24 | 0.32× | 1.29× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $97.7M | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $49.4M | $8.0M |
| 自由现金流率自由现金流/营收 | 5.9% | 1.7% |
| 资本支出强度资本支出/营收 | 5.7% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.20× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $497.3M | $93.8M |
8季度趋势，按日历期对齐
经营现金流KEXMATV
| Q1 26 | $97.7M | — | ||
| Q4 25 | $312.2M | $19.3M | ||
| Q3 25 | $227.5M | $72.8M | ||
| Q2 25 | $93.9M | $57.6M | ||
| Q1 25 | $36.5M | $-15.9M | ||
| Q4 24 | $247.4M | $24.1M | ||
| Q3 24 | $206.5M | $37.6M | ||
| Q2 24 | $179.3M | $46.1M |
自由现金流KEXMATV
| Q1 26 | $49.4M | — | ||
| Q4 25 | $265.2M | $8.0M | ||
| Q3 25 | $160.3M | $66.7M | ||
| Q2 25 | $22.4M | $48.9M | ||
| Q1 25 | $-42.1M | $-29.8M | ||
| Q4 24 | $150.7M | $2.0M | ||
| Q3 24 | $130.1M | $25.5M | ||
| Q2 24 | $90.8M | $37.4M |
自由现金流率KEXMATV
| Q1 26 | 5.9% | — | ||
| Q4 25 | 31.1% | 1.7% | ||
| Q3 25 | 18.4% | 13.0% | ||
| Q2 25 | 2.6% | 9.3% | ||
| Q1 25 | -5.4% | -6.1% | ||
| Q4 24 | 18.8% | 0.4% | ||
| Q3 24 | 15.7% | 5.1% | ||
| Q2 24 | 11.0% | 7.1% |
资本支出强度KEXMATV
| Q1 26 | 5.7% | — | ||
| Q4 25 | 5.5% | 2.4% | ||
| Q3 25 | 7.7% | 1.2% | ||
| Q2 25 | 8.4% | 1.7% | ||
| Q1 25 | 10.0% | 2.9% | ||
| Q4 24 | 12.0% | 4.8% | ||
| Q3 24 | 9.2% | 2.4% | ||
| Q2 24 | 10.7% | 1.7% |
现金转化率KEXMATV
| Q1 26 | 1.20× | — | ||
| Q4 25 | 3.40× | 0.19× | ||
| Q3 25 | 2.46× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 5.78× | 16.07× | ||
| Q3 24 | 2.30× | — | ||
| Q2 24 | 2.14× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
KEX
| Marine transportation | $497.2M | 59% |
| Distribution and services | $346.9M | 41% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
