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TickerKEX
SectorMarine Shipping
Mkt cap$7.6B
EV / EBITDA9.9×
PostureHigh Velocity
Composite78/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 56047

Kirby Corporation

KEXHIGH VELOCITYFILING INTENSITY

Kirby Corporation reads as an High Velocity (composite 78/100); Consistent Strategic Buyer deploying $231M across 0 disclosed transactions, down 37% vs the prior cycle.

Lens

Disclosed M&A capital (2023–2025)

$231M

−37%

vs $368M in 2020–2022

Disclosed transactions

N/A

flat

3/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

78

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$3.4B
EBITDA$782M
Enterprise value$7.8B
EV / Revenue2.3×
EV / EBITDA9.9×
P/EN/A
Cash$58M
Total debt$983M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

43/100

Companies actively deploying disclosed capital into M&A

  • $3.5B disclosed buyer spend
  • Filed within 18d

Buyer Cadence

50/100

Buyer-side companies with recent filing activity

  • Filed within 18d
  • 14 acquisition-history signals
  • 199 8-Ks

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 19 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 19 activism filings

Pressure Watch

18/100

Issuers facing activism, governance, or control pressure

  • 19 activism filings
  • Latest activism 15y ago; heavily discounted

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 19 activism filings

Restatement Risk

5/100

Issuers with accounting-integrity flags from filings

  • 1 non-reliance 8-K
  • Latest event 5.9y ago; heavily discounted

Capital Velocity

Dominant
78/100

Issuers with the highest filing-activity intensity

  • 199 8-Ks
  • Filed within 18d
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $7.8B
  • 10-Q 18d ago
  • 1 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $534M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/A$116MN/AN/A
2024N/A$78MN/AN/A
2023N/A$38MN/AN/A
2022N/A$4MN/AN/A
2021N/A$9MN/AN/A
2020N/A$355MN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    33%
  • Geographic Expansion
    33%
  • Technology Acquisition
    33%
§ V·SE-Cluster Issuer Brief

Market context.

No SE-Cluster rollup market matched this issuer's sector or M&A footprint.

The issuer is not visible as a top acquirer in any of the active rollup markets.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)282026-02-17
  • 10-Q (quarterly)1002026-05-08
  • 8-K (event)1992026-04-30
  • Proxy / DEF 14A432026-03-06
  • Activism (13D / DFAN / PREC)192011-03-23

Signals on file

  • critical

    Non-reliance disclosure

    2020-07-10

    1 Item 4.02 filing on file; financial-statement non-reliance.

  • elevated

    Activism on file

    2011-03-23

    19 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Kirby Corporation: Issuer Brief | SE-Cluster