WKC · World Kinect Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $36.92B | $42.17B | $47.71B | $59.04B | $31.34B | $20.36B |
| Cost of Revenue | $35.97B | $41.14B | $46.65B | $57.95B | $30.55B | $19.51B |
| Gross Profit | $947.80M | $1.03B | $1.06B | $1.09B | $788.20M | $851.80M |
| R&D | - | - | - | - | - | - |
| SG&A | $282.50M | $297.10M | $308.00M | $308.70M | $247.60M | $311.10M |
| Total Operating Expenses | $1.51B | $815.70M | $860.20M | $815.80M | $645.60M | $714.00M |
| D&A | $98.20M | $106.40M | $104.50M | $107.80M | $81.00M | $85.80M |
| Operating Income | ($564.70M) | $210.60M | $198.00M | $273.20M | $142.60M | $137.90M |
| Interest Expense | $112.00M | $116.00M | $135.50M | $117.40M | $47.20M | $48.60M |
| Income Tax | ($127.90M) | $27.60M | $13.00M | $29.20M | $25.80M | $52.10M |
| Net Income | ($614.40M) | $67.40M | $52.90M | $114.10M | $73.70M | $109.60M |
| EPS - Basic | ($10.99) | $1.14 | $0.86 | $1.83 | $1.17 | $1.72 |
| EPS - Diluted | ($10.99) | $1.13 | $0.86 | $1.82 | $1.16 | $1.71 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $193.50M | $382.90M | $304.30M | $298.40M | $652.20M | $658.80M |
| Accounts Receivable | $2.21B | $2.43B | $2.74B | $3.29B | $2.36B | $1.24B |
| Inventory | $454.20M | $513.50M | $664.60M | $779.90M | $477.90M | $344.30M |
| Accounts Payable | $2.59B | $2.73B | $3.10B | $3.53B | $2.40B | $1.21B |
| Current Assets | $3.50B | $3.96B | $4.50B | $5.24B | $4.02B | $2.64B |
| Total Assets | $5.86B | $6.73B | $7.38B | $8.16B | $5.94B | $4.50B |
| Current Liabilities | $3.31B | $3.44B | $4.05B | $4.61B | $3.10B | $1.68B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $4.56B | $4.78B | $5.43B | $6.17B | $4.03B | $2.59B |
| Stockholders' Equity | $1.30B | $1.95B | $1.94B | $1.98B | $1.91B | $1.91B |
| Retained Earnings | $1.32B | $2.01B | $1.98B | $1.96B | $1.88B | $1.84B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $292.90M | $259.90M | $271.30M | $138.50M | $173.20M | $604.10M |
| Investing Cash Flow | ($170.00M) | $64.50M | ($101.10M) | ($724.90M) | ($58.30M) | $72.80M |
| Financing Cash Flow | ($315.10M) | ($230.60M) | ($152.40M) | $237.30M | ($113.60M) | ($213.00M) |
| CapEx | $65.60M | $68.20M | $87.60M | $78.60M | $39.20M | $51.30M |
| Free Cash Flow | $227.30M | $191.70M | $183.70M | $59.90M | $134.00M | $552.80M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 2.6% | 2.4% | 2.2% | 1.8% | 2.5% | 4.2% |
| Operating margin | -1.5% | 0.5% | 0.4% | 0.5% | 0.5% | 0.7% |
| EBITDA margin | -1.3% | 0.8% | 0.6% | 0.6% | 0.7% | 1.1% |
| Net margin | -1.7% | 0.2% | 0.1% | 0.2% | 0.2% | 0.5% |
| Free cash flow margin | 0.6% | 0.5% | 0.4% | 0.1% | 0.4% | 2.7% |
| FCF / Net income | -0.37 | 2.84 | 3.47 | 0.52 | 1.82 | 5.04 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 0.8% | 0.7% | 0.6% | 0.5% | 0.8% | 1.5% |
| Effective tax rate | - | 29.1% | 19.7% | 20.4% | 25.9% | 32.2% |
| Return on assets | -10.5% | 1.0% | 0.7% | 1.4% | 1.2% | 2.4% |
| Return on equity | -47.3% | 3.5% | 2.7% | 5.7% | 3.9% | 5.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.06 | 1.15 | 1.11 | 1.14 | 1.30 | 1.57 |
| Quick ratio | 0.92 | 1.00 | 0.95 | 0.97 | 1.14 | 1.36 |
| Cash ratio | 0.06 | 0.11 | 0.08 | 0.06 | 0.21 | 0.39 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -5.0x | 1.8x | 1.5x | 2.3x | 3.0x | 2.8x |
| Equity multiplier | 4.51 | 3.45 | 3.80 | 4.11 | 3.11 | 2.36 |
| Liabilities / Assets | 0.78 | 0.71 | 0.74 | 0.76 | 0.68 | 0.57 |
| Efficiency | ||||||
| Asset turnover | 6.30 | 6.26 | 6.47 | 7.23 | 5.27 | 4.52 |
| Inventory turnover | 79.19 | 80.12 | 70.20 | 74.31 | 63.92 | 56.66 |
| Days sales outstanding | 22d | 21d | 21d | 20d | 27d | 22d |
| Days inventory outstanding | 5d | 5d | 5d | 5d | 6d | 6d |
| Days payable outstanding | 26d | 24d | 24d | 22d | 29d | 23d |
| Cash conversion cycle | 0d | 1d | 2d | 3d | 4d | 6d |
| Valuation | ||||||
| P / E | - | 24.3x | - | - | - | - |
| P / B | 1.0x | 0.8x | - | - | - | - |
| P / S | 0.0x | 0.0x | - | - | - | - |
| EV / EBITDA | - | 4.0x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -12.5% | -11.6% | -19.2% | 88.4% | 53.9% | -44.7% |
| Revenue CAGR (3y) | -14.5% | 10.4% | 32.8% | 17.0% | -7.6% | -15.5% |
| Revenue CAGR (5y) | 12.6% | 2.8% | 3.7% | 11.9% | 3.0% | -7.7% |
| Gross profit growth (YoY) | -7.7% | -3.0% | -2.8% | 38.2% | -7.5% | -23.4% |
| Operating income growth (YoY) | - | 6.4% | -27.5% | 91.6% | 3.4% | -54.0% |
| Net income growth (YoY) | - | 27.4% | -53.6% | 54.8% | -32.8% | -38.7% |
| EPS growth (YoY) | - | 31.4% | -52.7% | 56.9% | -32.2% | -36.4% |
| EPS CAGR (3y) | - | -0.9% | -20.5% | -12.2% | -15.0% | - |
| EPS CAGR (5y) | - | -15.9% | -14.6% | - | -8.5% | -8.3% |
| FCF growth (YoY) | 18.6% | 4.4% | 206.7% | -55.3% | -75.8% | 273.8% |
| FCF CAGR (5y) | -16.3% | 5.3% | - | -16.9% | -4.5% | 6.9% |
| Book value growth (YoY) | -33.3% | 0.3% | -2.1% | 3.8% | 0.2% | 1.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$36.92B totalAviation Segment$18.99B · 51.4%
Land Segment$10.24B · 27.7%
Marine Segment$7.68B · 20.8%
Geographic
$58.08B totalUS$19.28B · 33.2%
North America$9.85B · 17.0%
EMEA$7.94B · 13.7%
Americas Excluding United States$5.13B · 8.8%
Asia Pacific$4.57B · 7.9%
SG$4.50B · 7.7%
Latin America$3.72B · 6.4%
GB$3.10B · 5.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
6.32
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Petroleum & Petroleum Products (No Bulk Stations)
Comparing WORLD KINECT CORP against the 5 most active filers in the same SIC group.
Dividends
$0.80/share trailing 12 months · +17.6% YoY
| Ex-date | Per share |
|---|---|
| Mar 30, 2026 | $0.2000 |
| Dec 15, 2025 | $0.2000 |
| Sep 30, 2025 | $0.2000 |
| Jun 17, 2025 | $0.2000 |
| Mar 31, 2025 | $0.1700 |
| Dec 23, 2024 | $0.1700 |
| Sep 30, 2024 | $0.1700 |
| Jun 17, 2024 | $0.1700 |
| Mar 22, 2024 | $0.1700 |
| Dec 15, 2023 | $0.1400 |
| Sep 29, 2023 | $0.1400 |
| Jun 23, 2023 | $0.1400 |
| Apr 5, 2023 | $0.1400 |
| Dec 22, 2022 | $0.1400 |
| Sep 22, 2022 | $0.1400 |
| Jun 2, 2022 | $0.1200 |
| Mar 24, 2022 | $0.1200 |
| Dec 16, 2021 | $0.1200 |
| Sep 16, 2021 | $0.1200 |
| Jun 3, 2021 | $0.1200 |
| Mar 25, 2021 | $0.1200 |
| Dec 10, 2020 | $0.1000 |
| Sep 24, 2020 | $0.1000 |
| Jun 4, 2020 | $0.1000 |