KEX vs MATX
Kirby Corp. and Matson, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | KEX | MATX |
|---|---|---|
| Revenue | $3.4B | $3.3B |
| Net income | $354.6M | $444.8M |
| Gross margin | · | 114.8% |
| Net margin | 10.6% | 13.3% |
| Return on equity | 10.5% | 16.4% |
| Diluted EPS | $6.33 | $13.81 |
| Dividend / share | · | $1.40 |
| Payout ratio | · | 10.1% |
| Free cash flow | $405.7M | $153.7M |
| Equity | $3.4B | $2.8B |
| Net debt / equity | 0.25× | 0.08× |
| Current ratio | 1.53× | 0.89× |
| Revenue CAGR 5y | 9.2% | 7.0% |
| Profit CAGR 5y | · | 18.2% |
KEX and MATX book revenue within 15% of each other, and MATX keeps more of each dollar of revenue as profit (13.3% against 10.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | KEX | MATX |
|---|---|---|
| FY2025 | $3.4B | $3.3B |
| FY2024 | $3.3B | $3.4B |
| FY2023 | $3.1B | $3.1B |
| FY2022 | $2.8B | $4.3B |
| FY2021 | $2.2B | $3.9B |
| FY2020 | $2.2B | $2.4B |
| FY2019 | $2.8B | $2.2B |
| FY2018 | $3.0B | $2.2B |
| FY2017 | $2.2B | $2.0B |
| FY2016 | $1.8B | $1.9B |
Bottom line
| Fiscal year | KEX | MATX |
|---|---|---|
| FY2025 | $354.6M | $444.8M |
| FY2024 | $286.7M | $476.4M |
| FY2023 | $222.9M | $297.1M |
| FY2022 | $122.3M | $1.1B |
| FY2021 | $-247.0M | $927.4M |
| FY2020 | $-272.5M | $193.1M |
| FY2019 | $142.3M | $82.7M |
| FY2018 | $78.5M | $109.0M |
| FY2017 | $313.2M | $231.0M |
| FY2016 | $141.4M | $81.4M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$19,550,000 | KEX |
| FY2024 | −$155,924,000 | MATX |
| FY2023 | −$2,960,000 | MATX |
| FY2022 | −$1,558,246,000 | MATX |
| FY2021 | −$1,678,640,000 | MATX |
| FY2020 | −$211,892,000 | MATX |
| FY2019 | +$635,299,000 | KEX |
| FY2018 | +$747,897,000 | KEX |
| FY2017 | +$167,518,000 | KEX |
| FY2016 | −$170,927,000 | MATX |
| FY2015 | +$262,632,000 | KEX |
| FY2014 | +$852,118,000 | KEX |
| FY2013 | +$604,995,000 | KEX |
| FY2012 | +$552,658,000 | KEX |
| FY2011 | +$387,817,000 | KEX |
| FY2010 | −$261,043,000 | MATX |
| FY2009 | −$309,842,000 | MATX |
| FY2008 | −$510,846,000 | MATX |
The higher-revenue side has changed between KEX and MATX over this period. The gap has narrowed since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.7 pp | MATX |
| FY2024 | −5.1 pp | MATX |
| FY2023 | −2.4 pp | MATX |
| FY2020 | −20.6 pp | MATX |
| FY2019 | +1.3 pp | KEX |
| FY2018 | −2.2 pp | MATX |
| FY2017 | +2.9 pp | KEX |
| FY2016 | +3.9 pp | KEX |
| FY2012 | +7.1 pp | KEX |
| FY2011 | +7.7 pp | KEX |
| FY2010 | +3.9 pp | KEX |
| FY2009 | +8.6 pp | KEX |
| FY2008 | +4.6 pp | KEX |
The higher net margin has changed hands between KEX and MATX over this period.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KEX's net margin has been more volatile than MATX's over the 13 comparable fiscal years — 6.5 percentage points of standard deviation against 3.8.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between KEX and MATX over these 13 fiscal years — KEX led in 8 and MATX in 5.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MATX's return on equity has been more volatile than KEX's over the 17 comparable fiscal years — 17.4 percentage points of standard deviation against 6.7.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between KEX and MATX over these 17 fiscal years — KEX led in 4 and MATX in 13.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.