World Kinect Financials
This page shows World Kinect (WKC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
World Kinect has an operating margin of 0.5%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 3/100, suggesting thin profitability after operating expenses. This is up from 0.4% the prior year.
World Kinect's revenue declined 11.6% year-over-year, from $47.7B to $42.2B. This contraction results in a growth score of 0/100.
World Kinect carries a low D/E ratio of 0.41, meaning only $0.41 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
World Kinect's current ratio of 1.15 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.
World Kinect's free cash flow margin of 0.4% results in a low score of 2/100. Capital expenditures of $68.2M absorb a large share of operating cash flow.
World Kinect generates a 3.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 14/100. This is up from 2.7% the prior year.
World Kinect scores 7.07, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
World Kinect passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, World Kinect generates $3.86 in operating cash flow ($259.9M OCF vs $67.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
World Kinect earns $1.8 in operating income for every $1 of interest expense ($210.6M vs $116.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
World Kinect generated $42.2B in revenue in fiscal year 2024. This represents a decrease of 11.6% from the prior year.
World Kinect's EBITDA was $317.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.8% from the prior year.
World Kinect generated $191.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 4.4% from the prior year.
World Kinect reported $67.4M in net income in fiscal year 2024. This represents an increase of 27.4% from the prior year.
World Kinect earned $1.13 per diluted share (EPS) in fiscal year 2024. This represents an increase of 31.4% from the prior year.
World Kinect held $382.9M in cash against $796.8M in long-term debt as of fiscal year 2024.
World Kinect paid $0.68 per share in dividends in fiscal year 2024. This represents an increase of 21.4% from the prior year.
World Kinect had 57M shares outstanding in fiscal year 2024. This represents a decrease of 5.2% from the prior year.
World Kinect's gross margin was 2.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
World Kinect's operating margin was 0.5% in fiscal year 2024, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
World Kinect's net profit margin was 0.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
World Kinect's ROE was 3.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
World Kinect spent $100.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 66.4% from the prior year.
World Kinect invested $68.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 22.1% from the prior year.
WKC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.4B+3.9% | $9.0B-4.3% | $9.5B-3.2% | $9.8B-11.0% | $11.0B+0.1% | $11.0B-8.8% | $12.0B-2.0% | $12.2B |
| Cost of Revenue | $9.1B+3.8% | $8.8B-4.5% | $9.2B-2.9% | $9.5B-11.4% | $10.7B+0.2% | $10.7B-9.1% | $11.8B-1.6% | $12.0B |
| Gross Profit | $249.6M+7.4% | $232.4M+0.9% | $230.4M-11.0% | $259.0M+5.6% | $245.2M-3.5% | $254.1M+9.3% | $232.4M-17.4% | $281.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $69.5M+3.3% | $67.3M-7.0% | $72.4M-6.5% | $77.4M+6.3% | $72.8M-3.1% | $75.1M+4.2% | $72.1M-5.3% | $76.1M |
| Operating Income | $62.9M+118.2% | -$345.1M-5128.8% | -$6.6M-122.1% | $29.8M-34.1% | $45.2M-28.6% | $63.3M+511.0% | -$15.4M-121.0% | $73.3M |
| Interest Expense | $28.4M+0.7% | $28.2M+6.0% | $26.6M-1.1% | $26.9M-7.9% | $29.2M-5.5% | $30.9M-6.6% | $33.1M+4.7% | $31.6M |
| Income Tax | $10.7M+109.8% | -$109.6M-1511.8% | -$6.8M | $0-100.0% | $9.7M+193.9% | $3.3M+128.0% | -$11.8M-209.3% | $10.8M |
| Net Income | $25.7M+107.6% | -$339.4M-1508.5% | -$21.1M+79.3% | -$101.8M-194.0% | $108.3M+295.3% | $27.4M+179.0% | -$34.7M-199.4% | $34.9M |
| EPS (Diluted) | $0.46+107.6% | $-6.06-1537.8% | $-0.37+78.2% | $-1.70-193.9% | $1.81+302.2% | $0.45+180.4% | $-0.56-196.6% | $0.58 |
WKC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.1B+0.1% | $6.1B-8.1% | $6.6B-2.1% | $6.7B-6.4% | $7.2B+0.2% | $7.2B-2.7% | $7.4B-1.4% | $7.5B |
| Current Assets | $3.6B+1.9% | $3.6B-6.8% | $3.8B-3.3% | $4.0B-9.9% | $4.4B+0.1% | $4.4B-2.5% | $4.5B-1.9% | $4.6B |
| Cash & Equivalents | $473.6M+17.5% | $403.2M-11.7% | $456.4M+19.2% | $382.9M-27.0% | $524.6M+63.3% | $321.3M+5.6% | $304.3M-9.3% | $335.6M |
| Inventory | $501.3M+5.6% | $474.9M-5.7% | $503.7M-1.9% | $513.5M-20.6% | $646.7M-1.2% | $654.6M-1.5% | $664.6M+1.6% | $654.2M |
| Accounts Receivable | $2.1B-3.0% | $2.1B-4.6% | $2.2B-7.7% | $2.4B-6.1% | $2.6B-3.2% | $2.7B-2.1% | $2.7B-5.1% | $2.9B |
| Goodwill | $825.5M0.0% | $825.8M-30.4% | $1.2B+0.4% | $1.2B+0.6% | $1.2B0.0% | $1.2B-5.1% | $1.2B+0.5% | $1.2B |
| Total Liabilities | $4.4B-0.3% | $4.4B-4.5% | $4.7B-2.4% | $4.8B-7.3% | $5.2B-1.2% | $5.2B-3.9% | $5.4B-1.5% | $5.5B |
| Current Liabilities | $3.2B+0.1% | $3.1B-5.8% | $3.3B-2.8% | $3.4B-10.0% | $3.8B-1.1% | $3.9B-4.6% | $4.0B-1.6% | $4.1B |
| Long-Term Debt | $766.6M-1.1% | $775.2M-2.2% | $792.3M-0.6% | $796.8M-0.1% | $797.8M-0.6% | $802.6M-0.8% | $809.1M-0.4% | $812.3M |
| Total Equity | $1.6B+1.2% | $1.6B-16.8% | $1.9B-1.4% | $1.9B-4.1% | $2.0B+4.1% | $2.0B+0.5% | $1.9B-1.3% | $2.0B |
| Retained Earnings | $1.6B+0.9% | $1.6B-18.3% | $2.0B-1.5% | $2.0B-4.2% | $2.1B+4.9% | $2.0B+0.9% | $2.0B-2.1% | $2.0B |
WKC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $116.1M+311.7% | $28.2M-75.3% | $114.4M-4.9% | $120.3M+77.2% | $67.9M-38.4% | $110.2M+2348.9% | $4.5M-94.4% | $80.3M |
| Capital Expenditures | $14.1M-6.0% | $15.0M-1.3% | $15.2M-15.1% | $17.9M+22.6% | $14.6M-16.6% | $17.5M-11.2% | $19.7M-7.9% | $21.4M |
| Free Cash Flow | $102.0M+672.7% | $13.2M-86.7% | $99.2M-3.1% | $102.4M+92.1% | $53.3M-42.5% | $92.7M+709.9% | -$15.2M-125.8% | $58.9M |
| Investing Cash Flow | $0-100.0% | $1.0M+117.2% | -$5.8M+83.1% | -$34.4M-119.0% | $180.7M+1169.2% | -$16.9M+28.7% | -$23.7M-11.3% | -$21.3M |
| Financing Cash Flow | -$32.6M+67.0% | -$98.7M-204.6% | -$32.4M+52.4% | -$68.0M-34.9% | -$50.4M+21.6% | -$64.3M-435.8% | -$12.0M-8.1% | -$11.1M |
| Dividends Paid | $11.1M+16.8% | $9.5M-2.1% | $9.7M-2.0% | $9.9M-2.0% | $10.1M+20.2% | $8.4M+1.2% | $8.3M-1.2% | $8.4M |
| Share Buybacks | $0-100.0% | $35.0M+250.0% | $10.0M-76.5% | $42.6M+46.4% | $29.1M | $0-100.0% | $10.1M | $0 |
WKC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 2.7%+0.1pp | 2.6%+0.1pp | 2.4%-0.2pp | 2.6%+0.4pp | 2.2%-0.1pp | 2.3%+0.4pp | 1.9%-0.4pp | 2.3% |
| Operating Margin | 0.7%+4.5pp | -3.8%-3.8pp | -0.1%-0.4pp | 0.3%-0.1pp | 0.4%-0.2pp | 0.6%+0.7pp | -0.1%-0.7pp | 0.6% |
| Net Margin | 0.3%+4.0pp | -3.8%-3.5pp | -0.2%+0.8pp | -1.0%-2.0pp | 1.0%+0.7pp | 0.3%+0.5pp | -0.3%-0.6pp | 0.3% |
| Return on Equity | 1.6% | N/A | N/A | 1.6%-3.7pp | 5.3%+3.9pp | 1.4% | N/A | 1.8% |
| Return on Assets | 0.4%+6.0pp | -5.6%-5.3pp | -0.3%+1.2pp | -1.5%-3.0pp | 1.5%+1.1pp | 0.4%+0.9pp | -0.5%-0.9pp | 0.5% |
| Current Ratio | 1.15+0.0 | 1.13-0.0 | 1.150.0 | 1.150.0 | 1.15+0.0 | 1.14+0.0 | 1.110.0 | 1.12 |
| Debt-to-Equity | 0.47-0.0 | 0.48+0.1 | 0.410.0 | 0.41+0.0 | 0.39-0.0 | 0.410.0 | 0.420.0 | 0.41 |
| FCF Margin | 1.1%+0.9pp | 0.1%-0.9pp | 1.1%0.0pp | 1.1%+0.6pp | 0.5%-0.4pp | 0.9%+1.0pp | -0.1%-0.6pp | 0.5% |
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Frequently Asked Questions
What is World Kinect's annual revenue?
World Kinect (WKC) reported $42.2B in total revenue for fiscal year 2024. This represents a -11.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is World Kinect's revenue growing?
World Kinect (WKC) revenue declined by 11.6% year-over-year, from $47.7B to $42.2B in fiscal year 2024.
Is World Kinect profitable?
Yes, World Kinect (WKC) reported a net income of $67.4M in fiscal year 2024, with a net profit margin of 0.2%.
What is World Kinect's earnings per share (EPS)?
World Kinect (WKC) reported diluted earnings per share of $1.13 for fiscal year 2024. This represents a 31.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is World Kinect's EBITDA?
World Kinect (WKC) had EBITDA of $317.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does World Kinect have?
As of fiscal year 2024, World Kinect (WKC) had $382.9M in cash and equivalents against $796.8M in long-term debt.
What is World Kinect's gross margin?
World Kinect (WKC) had a gross margin of 2.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is World Kinect's operating margin?
World Kinect (WKC) had an operating margin of 0.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is World Kinect's net profit margin?
World Kinect (WKC) had a net profit margin of 0.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does World Kinect pay dividends?
Yes, World Kinect (WKC) paid $0.68 per share in dividends during fiscal year 2024.
What is World Kinect's return on equity (ROE)?
World Kinect (WKC) has a return on equity of 3.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is World Kinect's free cash flow?
World Kinect (WKC) generated $191.7M in free cash flow during fiscal year 2024. This represents a 4.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is World Kinect's operating cash flow?
World Kinect (WKC) generated $259.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are World Kinect's total assets?
World Kinect (WKC) had $6.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are World Kinect's capital expenditures?
World Kinect (WKC) invested $68.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does World Kinect buy back shares?
Yes, World Kinect (WKC) spent $100.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does World Kinect have outstanding?
World Kinect (WKC) had 57M shares outstanding as of fiscal year 2024.
What is World Kinect's current ratio?
World Kinect (WKC) had a current ratio of 1.15 as of fiscal year 2024, which is considered adequate.
What is World Kinect's debt-to-equity ratio?
World Kinect (WKC) had a debt-to-equity ratio of 0.41 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is World Kinect's return on assets (ROA)?
World Kinect (WKC) had a return on assets of 1.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is World Kinect's Altman Z-Score?
World Kinect (WKC) has an Altman Z-Score of 7.07, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is World Kinect's Piotroski F-Score?
World Kinect (WKC) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are World Kinect's earnings high quality?
World Kinect (WKC) has an earnings quality ratio of 3.86x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can World Kinect cover its interest payments?
World Kinect (WKC) has an interest coverage ratio of 1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is World Kinect?
World Kinect (WKC) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.