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 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).
With sub-3.0% gross margins, this business lives on turnover and cash conversion far more than reported earnings.
The latest year paired a-$614.4M net loss with$292.9M of operating cash flow, so the hit to accounting earnings was far larger than the hit to cash. Because gross margin still held near2.6% while operating income swung negative, the loss looks concentrated below the gross-profit line rather than in the basic buy-and-sell engine.
By year-end,
Across the last three annual reports, free cash flow rose from
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of World Kinect's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
World Kinect scores 6.56, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
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.
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
Earnings & Revenue
World Kinect generated $36.9B in revenue in fiscal year 2025. This represents a decrease of 12.5% from the prior year.
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.
World Kinect reported -$614.4M in net income in fiscal year 2025. This represents a decrease of 1011.6% from the prior year.
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
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.
World Kinect held $193.5M in cash against $685.2M in long-term debt as of fiscal year 2025.
World Kinect paid $0.77 per share in dividends in fiscal year 2025. This represents an increase of 13.2% from the prior year.
World Kinect had 51M shares outstanding in fiscal year 2025. This represents a decrease of 9.6% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.7B+7.3% | $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 |
| Cost of Revenue | $9.4B+7.1% | $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 |
| Gross Profit | $271.2M+15.2% | $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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $77.4M+5.6% | $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 |
| Operating Income | $56.3M+120.4% | -$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 |
| Interest Expense | $27.6M-4.2% | $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 |
| Income Tax | $6.6M+129.7% | -$22.2M-307.5% | $10.7M+109.8% | -$109.6M-1511.8% | -$6.8M | $0-100.0% | $14.6M+50.5% | $9.7M |
| Net Income | $26.2M+109.4% | -$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 |
| EPS (Diluted) | $0.50 | N/A | $0.46+107.6% | $-6.06-1537.8% | $-0.37 | N/A | $0.57-68.5% | $1.81 |
WKC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.8B+16.0% | $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 |
| Current Assets | $4.4B+25.4% | $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 |
| Cash & Equivalents | $151.1M-21.9% | $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 |
| Inventory | $739.2M+62.7% | $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 |
| Accounts Receivable | $2.8B+28.7% | $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 |
| Goodwill | $739.9M+0.3% | $737.5M-10.7% | $825.5M0.0% | $825.8M-30.4% | $1.2B+0.4% | $1.2B0.0% | $1.2B+0.6% | $1.2B |
| Total Liabilities | $5.6B+22.7% | $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 |
| Current Liabilities | $4.2B+26.9% | $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 |
| Long-Term Debt | $789.6M+15.2% | $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 |
| Total Equity | $1.2B-7.3% | $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 |
| Retained Earnings | $1.3B-4.0% | $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 |
WKC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$46.4M-235.7% | $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 |
| Capital Expenditures | $13.8M-35.5% | $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 |
| Free Cash Flow | -$60.2M-570.3% | $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 |
| Investing Cash Flow | -$11.6M+93.0% | -$165.2M | $0-100.0% | $1.0M+117.2% | -$5.8M+83.1% | -$34.4M+47.0% | -$64.9M-135.9% | $180.7M |
| Financing Cash Flow | $15.4M+110.2% | -$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 |
| Dividends Paid | $10.7M-2.7% | $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 |
| Share Buybacks | $75.0M+87.5% | $40.0M | $0-100.0% | $35.0M+250.0% | $10.0M-76.5% | $42.6M+50.5% | $28.3M-2.7% | $29.1M |
WKC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 2.8%+0.2pp | 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% |
| Operating Margin | 0.6%+3.6pp | -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% |
| Net Margin | 0.3%+3.4pp | -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% |
| Return on Equity | 2.2%+23.7pp | -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% |
| Return on Assets | 0.4%+5.2pp | -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% |
| Current Ratio | 1.05-0.0 | 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 |
| Debt-to-Equity | 0.66+0.1 | 0.53+0.1 | 0.47-0.0 | 0.48+0.1 | 0.410.0 | 0.41+0.0 | 0.390.0 | 0.39 |
| FCF Margin | -0.6%-0.8pp | 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% |
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Frequently Asked Questions
What is World Kinect's annual revenue?
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.
How fast is World Kinect's revenue growing?
World Kinect (WKC) revenue declined by 12.5% year-over-year, from $42.2B to $36.9B in fiscal year 2025.
Is World Kinect profitable?
No, World Kinect (WKC) reported a net income of -$614.4M in fiscal year 2025, with a net profit margin of -1.7%.
What is World Kinect's EBITDA?
World Kinect (WKC) had EBITDA of -$466.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does World Kinect have?
As of fiscal year 2025, World Kinect (WKC) had $193.5M in cash and equivalents against $685.2M in long-term debt.
What is World Kinect's gross margin?
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.
What is World Kinect's operating margin?
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.
What is World Kinect's net profit margin?
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.
Does World Kinect pay dividends?
Yes, World Kinect (WKC) paid $0.77 per share in dividends during fiscal year 2025.
What is World Kinect's return on equity (ROE)?
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.
What is World Kinect's free cash flow?
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.
What is World Kinect's operating cash flow?
World Kinect (WKC) generated $292.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are World Kinect's total assets?
World Kinect (WKC) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are World Kinect's capital expenditures?
World Kinect (WKC) invested $65.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is World Kinect's current ratio?
World Kinect (WKC) had a current ratio of 1.06 as of fiscal year 2025, which is considered adequate.
What is World Kinect's debt-to-equity ratio?
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.
What is World Kinect's return on assets (ROA)?
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.
What is World Kinect's Altman Z-Score?
World Kinect (WKC) has an Altman Z-Score of 6.56, 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 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 to 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 -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.
Can World Kinect cover its interest payments?
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.
How financially healthy is World Kinect?
World Kinect (WKC) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.