Grab
GRAB · Passenger Ground Transportation
$2.79
2.1%Kirby
KEX · Marine Transportation
$133.15
1.3%The short version
- Grab is the larger business, with $3.4B of revenue in fiscal 2025 against $3.4B for Kirby.
- Grab grew revenue faster (20.5%, against 3.0%).
- Kirby kept more of each dollar of sales as operating profit (14.8% operating margin, against 1.9% operating margin).
- Kirby turned more of its sales into free cash flow (12.1% FCF margin, against −0.5% FCF margin).
- Kirby earned a higher return on the capital invested in it (8.9%, against 0.9%).
| Latest fiscal year | GRAB · FY25 | KEX · FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.7B | $7.2B |
| Revenue | $3.4B | $3.4B |
| Free cash flow | −$18.0M | $406M |
| Net income | $268M | $355M |
| Growth | ||
| Revenue growth | 20.5% | 3.0% |
| 5-year growth | 48.4% | 9.2% |
| Share count change | 5.3% | −4.0% |
| Profitability | ||
| Gross margin | 43.2% | — |
| Operating margin | 1.9% | 14.8% |
| Net margin | 8.0% | 10.5% |
| FCF margin | −0.5% | 12.1% |
| Return on capital | 0.9% | 8.9% |
| Return on equity | 4.1% | 10.5% |
| Balance sheet | ||
| Net debt | $300M | $841M |
| Net debt / EBITDA | 1.2x | 1.1x |
| Dividends and buybacks | $274M | $354M |
| Valuation & quality | ||
| P/E | — | 20.5x |
| Piotroski F-score | 5 | 7 |
FY16
GRAB —
KEX $1.8B
FY17
GRAB —
KEX $2.2B
FY18
GRAB —
KEX $3.0B
FY19
GRAB −$845M
KEX $2.8B
FY20
GRAB $469M
KEX $2.2B
FY21
GRAB $675M
KEX $2.2B
FY22
GRAB $1.4B
KEX $2.8B
FY23
GRAB $2.4B
KEX $3.1B
FY24
GRAB $2.8B
KEX $3.3B
FY25
GRAB $3.4B
KEX $3.4B
GRAB
KEX
FY16
GRAB —
KEX 14.0%
FY17
GRAB —
KEX 4.2%
FY18
GRAB —
KEX 5.2%
FY19
GRAB 356.2%
KEX 8.5%
FY20
GRAB −276.8%
KEX −19.4%
FY21
GRAB −230.4%
KEX −11.5%
FY22
GRAB −95.8%
KEX 6.9%
FY23
GRAB −22.0%
KEX 10.8%
FY24
GRAB −6.0%
KEX 12.2%
FY25
GRAB 1.9%
KEX 14.8%
GRAB
KEX
FY16
GRAB —
KEX $185M
FY17
GRAB —
KEX $176M
FY18
GRAB —
KEX $45.1M
FY19
GRAB —
KEX $264M
FY20
GRAB —
KEX $297M
FY21
GRAB —
KEX $224M
FY22
GRAB −$856M
KEX $122M
FY23
GRAB $15.0M
KEX $139M
FY24
GRAB $775M
KEX $414M
FY25
GRAB −$18.0M
KEX $406M
GRAB
KEX
FY16
GRAB —
KEX 5.0%
FY17
GRAB —
KEX 2.6%
FY18
GRAB —
KEX 2.5%
FY19
GRAB —
KEX 3.9%
FY20
GRAB —
KEX −7.2%
FY21
GRAB —
KEX −4.8%
FY22
GRAB −18.8%
KEX 3.6%
FY23
GRAB −7.9%
KEX 6.2%
FY24
GRAB −3.3%
KEX 7.6%
FY25
GRAB 0.9%
KEX 8.9%
GRAB
KEX
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.