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KIRBY CORP（KEX）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是KIRBY CORP的1.9倍（$1.6B vs $851.8M），KIRBY CORP净利率更高（10.8% vs 3.5%，领先7.3%），KIRBY CORP同比增速更快（6.2% vs -7.5%），KIRBY CORP自由现金流更多（$265.2M vs $135.6M），过去两年KIRBY CORP的营收复合增速更高（2.7% vs 2.2%）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
KEX vs PSN — 直观对比
营收规模更大
PSN
是对方的1.9倍
$851.8M
营收增速更快
KEX
高出13.7%
-7.5%
净利率更高
KEX
高出7.3%
3.5%
自由现金流更多
KEX
多$129.6M
$135.6M
两年增速更快
KEX
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $1.6B |
| 净利润 | $91.8M | $55.6M |
| 毛利率 | — | 23.0% |
| 营业利润率 | 15.2% | 6.6% |
| 净利率 | 10.8% | 3.5% |
| 营收同比 | 6.2% | -7.5% |
| 净利润同比 | 114.4% | -72.4% |
| 每股收益（稀释后） | $1.68 | $0.51 |
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KEXPSN
| Q4 25 | $851.8M | $1.6B | ||
| Q3 25 | $871.2M | $1.6B | ||
| Q2 25 | $855.5M | $1.6B | ||
| Q1 25 | $785.7M | $1.6B | ||
| Q4 24 | $802.3M | $1.7B | ||
| Q3 24 | $831.1M | $1.8B | ||
| Q2 24 | $824.4M | $1.7B | ||
| Q1 24 | $808.0M | $1.5B |
净利润KEXPSN
| Q4 25 | $91.8M | $55.6M | ||
| Q3 25 | $92.5M | $64.1M | ||
| Q2 25 | $94.3M | $55.2M | ||
| Q1 25 | $76.0M | $66.2M | ||
| Q4 24 | $42.8M | $201.3M | ||
| Q3 24 | $90.0M | $72.0M | ||
| Q2 24 | $83.9M | $69.2M | ||
| Q1 24 | $70.1M | $-107.4M |
毛利率KEXPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率KEXPSN
| Q4 25 | 15.2% | 6.6% | ||
| Q3 25 | 14.8% | 6.7% | ||
| Q2 25 | 15.4% | 6.0% | ||
| Q1 25 | 13.4% | 7.0% | ||
| Q4 24 | 6.3% | 5.8% | ||
| Q3 24 | 15.3% | 6.4% | ||
| Q2 24 | 14.6% | 6.7% | ||
| Q1 24 | 12.6% | 6.6% |
净利率KEXPSN
| Q4 25 | 10.8% | 3.5% | ||
| Q3 25 | 10.6% | 4.0% | ||
| Q2 25 | 11.0% | 3.5% | ||
| Q1 25 | 9.7% | 4.3% | ||
| Q4 24 | 5.3% | 11.6% | ||
| Q3 24 | 10.8% | 4.0% | ||
| Q2 24 | 10.2% | 4.1% | ||
| Q1 24 | 8.7% | -7.0% |
每股收益（稀释后）KEXPSN
| Q4 25 | $1.68 | $0.51 | ||
| Q3 25 | $1.65 | $0.59 | ||
| Q2 25 | $1.67 | $0.50 | ||
| Q1 25 | $1.33 | $0.60 | ||
| Q4 24 | $0.74 | $1.85 | ||
| Q3 24 | $1.55 | $0.65 | ||
| Q2 24 | $1.43 | $0.63 | ||
| Q1 24 | $1.19 | $-1.01 |
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 | $466.4M |
| 总债务越低越好 | $919.3M | $1.2B |
| 股东权益账面价值 | $3.4B | $2.6B |
| 总资产 | $6.0B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资KEXPSN
| Q4 25 | $78.8M | $466.4M | ||
| Q3 25 | $47.0M | $422.6M | ||
| Q2 25 | $68.4M | $411.3M | ||
| Q1 25 | $51.1M | $269.7M | ||
| Q4 24 | $74.4M | $453.5M | ||
| Q3 24 | $67.1M | $558.8M | ||
| Q2 24 | $53.5M | $528.5M | ||
| Q1 24 | $75.2M | $423.1M |
总债务KEXPSN
| Q4 25 | $919.3M | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $785.2M | ||
| Q4 24 | $874.9M | $784.1M | ||
| Q3 24 | $978.6M | $1.1B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
股东权益KEXPSN
| Q4 25 | $3.4B | $2.6B | ||
| Q3 25 | $3.4B | $2.6B | ||
| Q2 25 | $3.4B | $2.5B | ||
| Q1 25 | $3.3B | $2.5B | ||
| Q4 24 | $3.4B | $2.4B | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $3.3B | $2.2B | ||
| Q1 24 | $3.2B | $2.1B |
总资产KEXPSN
| Q4 25 | $6.0B | $5.8B | ||
| Q3 25 | $6.1B | $5.7B | ||
| Q2 25 | $6.1B | $5.7B | ||
| Q1 25 | $6.0B | $5.4B | ||
| Q4 24 | $5.9B | $5.5B | ||
| Q3 24 | $5.9B | $5.4B | ||
| Q2 24 | $5.9B | $5.2B | ||
| Q1 24 | $5.8B | $5.1B |
负债/权益比KEXPSN
| Q4 25 | 0.27× | 0.47× | ||
| Q3 25 | 0.31× | 0.48× | ||
| Q2 25 | 0.33× | 0.49× | ||
| Q1 25 | 0.33× | 0.32× | ||
| Q4 24 | 0.26× | 0.32× | ||
| Q3 24 | 0.30× | 0.49× | ||
| Q2 24 | 0.32× | 0.56× | ||
| Q1 24 | 0.33× | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $135.6M |
| 自由现金流率自由现金流/营收 | 31.1% | 8.5% |
| 资本支出强度资本支出/营收 | 5.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 3.40× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $405.7M | $410.4M |
8季度趋势，按日历期对齐
经营现金流KEXPSN
| Q4 25 | $312.2M | $167.5M | ||
| Q3 25 | $227.5M | $162.8M | ||
| Q2 25 | $93.9M | $159.8M | ||
| Q1 25 | $36.5M | $-11.8M | ||
| Q4 24 | $247.4M | $126.8M | ||
| Q3 24 | $206.5M | $299.0M | ||
| Q2 24 | $179.3M | $161.2M | ||
| Q1 24 | $123.3M | $-63.4M |
自由现金流KEXPSN
| Q4 25 | $265.2M | $135.6M | ||
| Q3 25 | $160.3M | $149.7M | ||
| Q2 25 | $22.4M | $150.4M | ||
| Q1 25 | $-42.1M | $-25.3M | ||
| Q4 24 | $150.7M | $108.0M | ||
| Q3 24 | $130.1M | $287.3M | ||
| Q2 24 | $90.8M | $152.0M | ||
| Q1 24 | $42.2M | $-72.9M |
自由现金流率KEXPSN
| Q4 25 | 31.1% | 8.5% | ||
| Q3 25 | 18.4% | 9.2% | ||
| Q2 25 | 2.6% | 9.5% | ||
| Q1 25 | -5.4% | -1.6% | ||
| Q4 24 | 18.8% | 6.2% | ||
| Q3 24 | 15.7% | 15.9% | ||
| Q2 24 | 11.0% | 9.1% | ||
| Q1 24 | 5.2% | -4.7% |
资本支出强度KEXPSN
| Q4 25 | 5.5% | 2.0% | ||
| Q3 25 | 7.7% | 0.8% | ||
| Q2 25 | 8.4% | 0.6% | ||
| Q1 25 | 10.0% | 0.9% | ||
| Q4 24 | 12.0% | 1.1% | ||
| Q3 24 | 9.2% | 0.6% | ||
| Q2 24 | 10.7% | 0.6% | ||
| Q1 24 | 10.0% | 0.6% |
现金转化率KEXPSN
| Q4 25 | 3.40× | 3.01× | ||
| Q3 25 | 2.46× | 2.54× | ||
| Q2 25 | 1.00× | 2.89× | ||
| Q1 25 | 0.48× | -0.18× | ||
| Q4 24 | 5.78× | 0.63× | ||
| Q3 24 | 2.30× | 4.16× | ||
| Q2 24 | 2.14× | 2.33× | ||
| Q1 24 | 1.76× | — |
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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
