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World Kinect Financials

WKC
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows World Kinect (WKC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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

Profitability Growth Leverage Liquidity Cash Flow Returns 28 / 100
Financial Profile 28/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
19

World Kinect has an operating margin of -1.5%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 19/100, suggesting thin profitability after operating expenses. This is down from 0.5% the prior year.

Growth
13

World Kinect's revenue declined 12.5% year-over-year, from $42.2B to $36.9B. This contraction results in a growth score of 13/100.

Leverage
91

World Kinect carries a low D/E ratio of 0.53, meaning only $0.53 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
16

World Kinect's current ratio of 1.06 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.

Cash Flow
27

World Kinect's free cash flow margin of 0.6% results in a low score of 27/100. Capital expenditures of $65.6M absorb a large share of operating cash flow.

Returns
0

World Kinect generates a -47.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 3.5% the prior year.

Piotroski F-Score Neutral
6/9

World Kinect passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
-0.48x

For every $1 of reported earnings, World Kinect generates $-0.48 in operating cash flow ($292.9M OCF vs -$614.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-5.0x

World Kinect earns $-5.0 in operating income for every $1 of interest expense (-$564.7M vs $112.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$36.9B
YoY-12.5%
5Y CAGR+12.6%
10Y CAGR+2.0%

World Kinect generated $36.9B in revenue in fiscal year 2025. This represents a decrease of 12.5% from the prior year.

EBITDA
-$466.5M
YoY-247.2%

World Kinect's EBITDA was -$466.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 247.2% from the prior year.

Net Income
-$614.4M
YoY-1011.6%

World Kinect reported -$614.4M in net income in fiscal year 2025. This represents a decrease of 1011.6% from the prior year.

EPS (Diluted)
$-10.99
YoY-1072.6%

World Kinect earned $-10.99 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1072.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$227.3M
YoY+18.6%
5Y CAGR-16.3%
10Y CAGR-5.4%

World Kinect generated $227.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 18.6% from the prior year.

Cash & Debt
$193.5M
YoY-49.5%
5Y CAGR-21.7%
10Y CAGR-10.4%

World Kinect held $193.5M in cash against $685.2M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.77
YoY+13.2%
5Y CAGR+14.0%
10Y CAGR+12.4%

World Kinect paid $0.77 per share in dividends in fiscal year 2025. This represents an increase of 13.2% from the prior year.

Shares Outstanding
51M
YoY-9.6%
5Y CAGR-4.0%
10Y CAGR-3.2%

World Kinect had 51M shares outstanding in fiscal year 2025. This represents a decrease of 9.6% from the prior year.

Margins & Returns

Gross Margin
2.6%
YoY+0.1pp
5Y CAGR-1.6pp
10Y CAGR-0.3pp

World Kinect's gross margin was 2.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin
-1.5%
YoY-2.0pp
5Y CAGR-2.2pp
10Y CAGR-2.3pp

World Kinect's operating margin was -1.5% in fiscal year 2025, reflecting core business profitability. This is down 2.0 percentage points from the prior year.

Net Margin
-1.7%
YoY-1.8pp
5Y CAGR-2.2pp
10Y CAGR-2.2pp

World Kinect's net profit margin was -1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.

Return on Equity
-47.3%
YoY-50.7pp
5Y CAGR-53.0pp
10Y CAGR-56.5pp

World Kinect's ROE was -47.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 50.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$85.0M
YoY-15.0%
5Y CAGR+4.5%
10Y CAGR+1.9%

World Kinect spent $85.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 15.0% from the prior year.

Capital Expenditures
$65.6M
YoY-3.8%
5Y CAGR+5.0%
10Y CAGR+2.5%

World Kinect invested $65.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.8% from the prior year.

WKC Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $9.0B-3.9% $9.4B+3.9% $9.0B-4.3% $9.5B-3.2% $9.8B-7.0% $10.5B-4.3% $11.0B+0.1% $11.0B
Cost of Revenue $8.8B-3.8% $9.1B+3.8% $8.8B-4.5% $9.2B-2.9% $9.5B-7.1% $10.2B-4.6% $10.7B+0.2% $10.7B
Gross Profit $235.4M-5.7% $249.6M+7.4% $232.4M+0.9% $230.4M-11.0% $259.0M-3.4% $268.1M+9.3% $245.2M-3.5% $254.1M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $73.3M+5.5% $69.5M+3.3% $67.3M-7.0% $72.4M-6.5% $77.4M+7.8% $71.8M-1.4% $72.8M-3.1% $75.1M
Operating Income -$275.9M-538.6% $62.9M+118.2% -$345.1M-5128.8% -$6.6M-122.1% $29.8M-58.8% $72.3M+60.0% $45.2M-28.6% $63.3M
Interest Expense $28.8M+1.4% $28.4M+0.7% $28.2M+6.0% $26.6M-1.1% $26.9M-7.2% $29.0M-0.7% $29.2M-5.5% $30.9M
Income Tax -$22.2M-307.5% $10.7M+109.8% -$109.6M-1511.8% -$6.8M $0-100.0% $14.6M+50.5% $9.7M+193.9% $3.3M
Net Income -$279.6M-1187.9% $25.7M+107.6% -$339.4M-1508.5% -$21.1M+79.3% -$101.8M-403.9% $33.5M-69.1% $108.3M+295.3% $27.4M
EPS (Diluted) N/A $0.46+107.6% $-6.06-1537.8% $-0.37 N/A $0.57-68.5% $1.81+302.2% $0.45

WKC Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $5.9B-3.2% $6.1B+0.1% $6.1B-8.1% $6.6B-2.1% $6.7B-3.6% $7.0B-2.8% $7.2B+0.2% $7.2B
Current Assets $3.5B-3.8% $3.6B+1.9% $3.6B-6.8% $3.8B-3.3% $4.0B-5.1% $4.2B-5.1% $4.4B+0.1% $4.4B
Cash & Equivalents $193.5M-59.1% $473.6M+17.5% $403.2M-11.7% $456.4M+19.2% $382.9M+2.4% $373.8M-28.7% $524.6M+63.3% $321.3M
Inventory $454.2M-9.4% $501.3M+5.6% $474.9M-5.7% $503.7M-1.9% $513.5M-17.2% $619.9M-4.1% $646.7M-1.2% $654.6M
Accounts Receivable $2.2B+6.2% $2.1B-3.0% $2.1B-4.6% $2.2B-7.7% $2.4B-1.8% $2.5B-4.5% $2.6B-3.2% $2.7B
Goodwill $737.5M-10.7% $825.5M0.0% $825.8M-30.4% $1.2B+0.4% $1.2B0.0% $1.2B+0.6% $1.2B0.0% $1.2B
Total Liabilities $4.6B+2.8% $4.4B-0.3% $4.4B-4.5% $4.7B-2.4% $4.8B-3.2% $4.9B-4.2% $5.2B-1.2% $5.2B
Current Liabilities $3.3B+5.0% $3.2B+0.1% $3.1B-5.8% $3.3B-2.8% $3.4B-4.1% $3.6B-6.2% $3.8B-1.1% $3.9B
Long-Term Debt $685.2M-10.6% $766.6M-1.1% $775.2M-2.2% $792.3M-0.6% $796.8M-0.2% $798.0M0.0% $797.8M-0.6% $802.6M
Total Equity $1.3B-19.7% $1.6B+1.2% $1.6B-16.8% $1.9B-1.4% $1.9B-4.7% $2.0B+0.6% $2.0B+4.1% $2.0B
Retained Earnings $1.3B-19.3% $1.6B+0.9% $1.6B-18.3% $2.0B-1.5% $2.0B-5.3% $2.1B+1.1% $2.1B+4.9% $2.0B

WKC Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $34.2M-70.5% $116.1M+311.7% $28.2M-75.3% $114.4M-4.9% $120.3M+412.5% -$38.5M-156.7% $67.9M-38.4% $110.2M
Capital Expenditures $21.4M+51.8% $14.1M-6.0% $15.0M-1.3% $15.2M-15.1% $17.9M-1.6% $18.2M+24.7% $14.6M-16.6% $17.5M
Free Cash Flow $12.8M-87.5% $102.0M+672.7% $13.2M-86.7% $99.2M-3.1% $102.4M+280.6% -$56.7M-206.4% $53.3M-42.5% $92.7M
Investing Cash Flow -$165.2M $0-100.0% $1.0M+117.2% -$5.8M+83.1% -$34.4M+47.0% -$64.9M-135.9% $180.7M+1169.2% -$16.9M
Financing Cash Flow -$151.4M-364.4% -$32.6M+67.0% -$98.7M-204.6% -$32.4M+52.4% -$68.0M-42.0% -$47.9M+5.0% -$50.4M+21.6% -$64.3M
Dividends Paid $11.0M-0.9% $11.1M+16.8% $9.5M-2.1% $9.7M-2.0% $9.9M-2.0% $10.1M0.0% $10.1M+20.2% $8.4M
Share Buybacks $40.0M $0-100.0% $35.0M+250.0% $10.0M-76.5% $42.6M+50.5% $28.3M-2.7% $29.1M $0

WKC Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 2.6%-0.0pp 2.7%+0.1pp 2.6%+0.1pp 2.4%-0.2pp 2.6%+0.1pp 2.6%+0.3pp 2.2%-0.1pp 2.3%
Operating Margin -3.1%-3.7pp 0.7%+4.5pp -3.8%-3.8pp -0.1%-0.4pp 0.3%-0.4pp 0.7%+0.3pp 0.4%-0.2pp 0.6%
Net Margin -3.1%-3.4pp 0.3%+4.0pp -3.8%-3.5pp -0.2%+0.8pp -1.0%-1.4pp 0.3%-0.7pp 1.0%+0.7pp 0.3%
Return on Equity -21.5%-23.1pp 1.6%+22.8pp -21.2%-20.1pp -1.1%+4.1pp -5.2%-6.9pp 1.6%-3.7pp 5.3%+3.9pp 1.4%
Return on Assets -4.8%-5.2pp 0.4%+6.0pp -5.6%-5.3pp -0.3%+1.2pp -1.5%-2.0pp 0.5%-1.0pp 1.5%+1.1pp 0.4%
Current Ratio 1.06-0.1 1.15+0.0 1.13-0.0 1.150.0 1.15-0.0 1.16+0.0 1.15+0.0 1.14
Debt-to-Equity 0.53+0.1 0.47-0.0 0.48+0.1 0.410.0 0.41+0.0 0.390.0 0.39-0.0 0.41
FCF Margin 0.1%-0.9pp 1.1%+0.9pp 0.1%-0.9pp 1.1%0.0pp 1.1%+1.6pp -0.5%-1.0pp 0.5%-0.4pp 0.9%

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Frequently Asked Questions

World Kinect (WKC) reported $36.9B in total revenue for fiscal year 2025. This represents a -12.5% 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.

World Kinect (WKC) revenue declined by 12.5% year-over-year, from $42.2B to $36.9B in fiscal year 2025.

No, World Kinect (WKC) reported a net income of -$614.4M in fiscal year 2025, with a net profit margin of -1.7%.

World Kinect (WKC) reported diluted earnings per share of $-10.99 for fiscal year 2025. This represents a -1072.6% 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.

World Kinect (WKC) had EBITDA of -$466.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, World Kinect (WKC) had $193.5M in cash and equivalents against $685.2M in long-term debt.

World Kinect (WKC) had a gross margin of 2.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

World Kinect (WKC) had an operating margin of -1.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

World Kinect (WKC) had a net profit margin of -1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, World Kinect (WKC) paid $0.77 per share in dividends during fiscal year 2025.

World Kinect (WKC) has a return on equity of -47.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

World Kinect (WKC) generated $227.3M in free cash flow during fiscal year 2025. This represents a 18.6% 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.

World Kinect (WKC) generated $292.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

World Kinect (WKC) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.

World Kinect (WKC) invested $65.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, World Kinect (WKC) spent $85.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

World Kinect (WKC) had 51M shares outstanding as of fiscal year 2025.

World Kinect (WKC) had a current ratio of 1.06 as of fiscal year 2025, which is considered adequate.

World Kinect (WKC) had a debt-to-equity ratio of 0.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

World Kinect (WKC) had a return on assets of -10.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

World Kinect (WKC) has a Piotroski F-Score of 6 out of 9, indicating neutral 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.

World Kinect (WKC) has an earnings quality ratio of -0.48x, considered mixed 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.

World Kinect (WKC) has an interest coverage ratio of -5.0x, 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.

World Kinect (WKC) scores 28 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.

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