vs
KIRBY CORP（KEX）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是KIRBY CORP的1.0倍（$851.9M vs $851.8M）。美森净利率更高（16.8% vs 10.8%，领先6.0%）。KIRBY CORP同比增速更快（6.2% vs -4.3%）。KIRBY CORP自由现金流更多（$265.2M vs $42.2M）。过去两年美森的营收复合增速更高（8.6% vs 2.7%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
KEX vs MATX — 直观对比
营收规模更大
MATX
是对方的1.0倍
$851.8M
营收增速更快
KEX
高出10.5%
-4.3%
净利率更高
MATX
高出6.0%
10.8%
自由现金流更多
KEX
多$223.0M
$42.2M
两年增速更快
MATX
近两年复合增速
2.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $851.9M |
| 净利润 | $91.8M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | 15.2% | 16.9% |
| 净利率 | 10.8% | 16.8% |
| 营收同比 | 6.2% | -4.3% |
| 净利润同比 | 114.4% | 11.8% |
| 每股收益（稀释后） | $1.68 | $4.47 |
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KEXMATX
| Q4 25 | $851.8M | $851.9M | ||
| Q3 25 | $871.2M | $880.1M | ||
| Q2 25 | $855.5M | $830.5M | ||
| Q1 25 | $785.7M | $782.0M | ||
| Q4 24 | $802.3M | $890.3M | ||
| Q3 24 | $831.1M | $962.0M | ||
| Q2 24 | $824.4M | $847.4M | ||
| Q1 24 | $808.0M | $722.1M |
净利润KEXMATX
| Q4 25 | $91.8M | $143.1M | ||
| Q3 25 | $92.5M | $134.7M | ||
| Q2 25 | $94.3M | $94.7M | ||
| Q1 25 | $76.0M | $72.3M | ||
| Q4 24 | $42.8M | $128.0M | ||
| Q3 24 | $90.0M | $199.1M | ||
| Q2 24 | $83.9M | $113.2M | ||
| Q1 24 | $70.1M | $36.1M |
营业利润率KEXMATX
| Q4 25 | 15.2% | 16.9% | ||
| Q3 25 | 14.8% | 18.3% | ||
| Q2 25 | 15.4% | 13.6% | ||
| Q1 25 | 13.4% | 10.5% | ||
| Q4 24 | 6.3% | 16.6% | ||
| Q3 24 | 15.3% | 25.2% | ||
| Q2 24 | 14.6% | 14.7% | ||
| Q1 24 | 12.6% | 5.1% |
净利率KEXMATX
| Q4 25 | 10.8% | 16.8% | ||
| Q3 25 | 10.6% | 15.3% | ||
| Q2 25 | 11.0% | 11.4% | ||
| Q1 25 | 9.7% | 9.2% | ||
| Q4 24 | 5.3% | 14.4% | ||
| Q3 24 | 10.8% | 20.7% | ||
| Q2 24 | 10.2% | 13.4% | ||
| Q1 24 | 8.7% | 5.0% |
每股收益（稀释后）KEXMATX
| Q4 25 | $1.68 | $4.47 | ||
| Q3 25 | $1.65 | $4.24 | ||
| Q2 25 | $1.67 | $2.92 | ||
| Q1 25 | $1.33 | $2.18 | ||
| Q4 24 | $0.74 | $3.69 | ||
| Q3 24 | $1.55 | $5.89 | ||
| Q2 24 | $1.43 | $3.31 | ||
| Q1 24 | $1.19 | $1.04 |
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 | $78.8M | $141.9M |
| 总债务越低越好 | $919.3M | $361.2M |
| 股东权益账面价值 | $3.4B | $2.8B |
| 总资产 | $6.0B | $4.6B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资KEXMATX
| Q4 25 | $78.8M | $141.9M | ||
| Q3 25 | $47.0M | $92.7M | ||
| Q2 25 | $68.4M | $59.1M | ||
| Q1 25 | $51.1M | $122.0M | ||
| Q4 24 | $74.4M | $266.8M | ||
| Q3 24 | $67.1M | $270.3M | ||
| Q2 24 | $53.5M | $168.2M | ||
| Q1 24 | $75.2M | $25.9M |
总债务KEXMATX
| Q4 25 | $919.3M | $361.2M | ||
| Q3 25 | $1.0B | $370.9M | ||
| Q2 25 | $1.1B | $341.3M | ||
| Q1 25 | $1.1B | $351.1M | ||
| Q4 24 | $874.9M | $361.2M | ||
| Q3 24 | $978.6M | $370.9M | ||
| Q2 24 | $1.0B | $381.0M | ||
| Q1 24 | $1.1B | $390.8M |
股东权益KEXMATX
| Q4 25 | $3.4B | $2.8B | ||
| Q3 25 | $3.4B | $2.7B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.4B | $2.7B | ||
| Q3 24 | $3.3B | $2.6B | ||
| Q2 24 | $3.3B | $2.4B | ||
| Q1 24 | $3.2B | $2.4B |
总资产KEXMATX
| Q4 25 | $6.0B | $4.6B | ||
| Q3 25 | $6.1B | $4.6B | ||
| Q2 25 | $6.1B | $4.5B | ||
| Q1 25 | $6.0B | $4.5B | ||
| Q4 24 | $5.9B | $4.6B | ||
| Q3 24 | $5.9B | $4.4B | ||
| Q2 24 | $5.9B | $4.3B | ||
| Q1 24 | $5.8B | $4.2B |
负债/权益比KEXMATX
| Q4 25 | 0.27× | 0.13× | ||
| Q3 25 | 0.31× | 0.14× | ||
| Q2 25 | 0.33× | 0.13× | ||
| Q1 25 | 0.33× | 0.13× | ||
| Q4 24 | 0.26× | 0.14× | ||
| Q3 24 | 0.30× | 0.15× | ||
| Q2 24 | 0.32× | 0.16× | ||
| Q1 24 | 0.33× | 0.16× |
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 | $312.2M | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $42.2M |
| 自由现金流率自由现金流/营收 | 31.1% | 5.0% |
| 资本支出强度资本支出/营收 | 5.5% | 15.8% |
| 现金转化率经营现金流/净利润 | 3.40× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $405.7M | $153.7M |
8季度趋势，按日历期对齐
经营现金流KEXMATX
| Q4 25 | $312.2M | $176.9M | ||
| Q3 25 | $227.5M | $175.6M | ||
| Q2 25 | $93.9M | $105.6M | ||
| Q1 25 | $36.5M | $89.0M | ||
| Q4 24 | $247.4M | $174.7M | ||
| Q3 24 | $206.5M | $248.6M | ||
| Q2 24 | $179.3M | $307.9M | ||
| Q1 24 | $123.3M | $36.6M |
自由现金流KEXMATX
| Q4 25 | $265.2M | $42.2M | ||
| Q3 25 | $160.3M | $92.4M | ||
| Q2 25 | $22.4M | $19.3M | ||
| Q1 25 | $-42.1M | $-200.0K | ||
| Q4 24 | $150.7M | $49.3M | ||
| Q3 24 | $130.1M | $189.0M | ||
| Q2 24 | $90.8M | $238.1M | ||
| Q1 24 | $42.2M | $-18.7M |
自由现金流率KEXMATX
| Q4 25 | 31.1% | 5.0% | ||
| Q3 25 | 18.4% | 10.5% | ||
| Q2 25 | 2.6% | 2.3% | ||
| Q1 25 | -5.4% | -0.0% | ||
| Q4 24 | 18.8% | 5.5% | ||
| Q3 24 | 15.7% | 19.6% | ||
| Q2 24 | 11.0% | 28.1% | ||
| Q1 24 | 5.2% | -2.6% |
资本支出强度KEXMATX
| Q4 25 | 5.5% | 15.8% | ||
| Q3 25 | 7.7% | 9.5% | ||
| Q2 25 | 8.4% | 10.4% | ||
| Q1 25 | 10.0% | 11.4% | ||
| Q4 24 | 12.0% | 14.1% | ||
| Q3 24 | 9.2% | 6.2% | ||
| Q2 24 | 10.7% | 8.2% | ||
| Q1 24 | 10.0% | 7.7% |
现金转化率KEXMATX
| Q4 25 | 3.40× | 1.24× | ||
| Q3 25 | 2.46× | 1.30× | ||
| Q2 25 | 1.00× | 1.12× | ||
| Q1 25 | 0.48× | 1.23× | ||
| Q4 24 | 5.78× | 1.36× | ||
| Q3 24 | 2.30× | 1.25× | ||
| Q2 24 | 2.14× | 2.72× | ||
| Q1 24 | 1.76× | 1.01× |
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
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 3% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
