Kirby vs Matson
Kirby and Matson are similar in size: $3.36bn and $3.34bn of revenue in their latest fiscal years. Kirby grew faster (3.0% against -2.3%). Matson kept more of each dollar of sales as profit: a net margin of 13.3% against 10.5%. Matson carries less debt relative to equity (14.5% against 27.3%).
| Latest fiscal year | KirbyKEX, 2025 | MatsonMATX, 2025 |
|---|---|---|
| Revenue | $3.36bn | $3.34bn |
| Revenue growth | 3.0% | -2.3% |
| Net income | $355m | $445m |
| Operating margin | 14.8% | 14.9% |
| Net margin | 10.5% | 13.3% |
| Return on equity | 10.5% | 16.4% |
| Free cash flow | $406m | $154m |
| Cash | $78.8m | $142m |
| Total debt | $922m | $401m |
| Debt to equity | 27.3% | 14.5% |
| Dividend per share | — | $1.40 |
| Dividend yield | — | 0.7% |
| Share buybacks | $354m | $303m |
| Employees | 5,233 | — |
| Market value | $7.62bn | $6.77bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 39 (Weak) | 69 (Moderate) |
| Insider trades, 12 months | 0 buys, 18 sales | 0 buys, 60 sales |