NYSE : WKC
World Kinect Corporation — Financial statements
Energy · Oil & Gas Refining & Marketing · United States
Last price 37.25 USD (Oct 30, 2026, 9:53 AM EDT) · Market cap 2.02B
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Financial statements
World Kinect Corporation (WKC) reported revenue of 45.58B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 45.58B | 36.92B | 42.17B | 47.71B | 59.04B | 31.34B |
| Cost of Revenue | 44.42B | 35.97B | 41.14B | 46.65B | 57.95B | 30.55B |
| Gross Profit | 1.16B | 947.80M | 1.03B | 1.06B | 1.09B | 788.20M |
| Selling, General & Admin | 867.30M | 719.90M | 779.60M | 820.30M | 816.10M | 634.30M |
| Operating Expenses | 867.30M | 719.90M | 779.60M | 820.30M | 816.10M | 634.30M |
| Operating Income | 292.50M | 227.90M | 246.80M | 237.90M | 272.90M | 153.90M |
| Interest Expense | -123.00M | -112.00M | -116.00M | -135.50M | -117.40M | -47.20M |
| Interest & Investment Income | 9.10M | 11.40M | 13.80M | 7.80M | 6.80M | 7.00M |
| Currency Exchange Gain (Loss) | 1.50M | -14.10M | -2.40M | 2.30M | 3.30M | 1.60M |
| Other Non Operating Income (Expenses) | 9.10M | 21.60M | 4.60M | -5.80M | -20.80M | -4.00M |
| EBT Excluding Unusual Items | 189.20M | 134.80M | 146.80M | 106.70M | 144.80M | 111.30M |
| Merger & Restructuring Charges | -97.10M | -108.90M | -10.20M | -18.40M | 800.00K | -6.60M |
| Impairment of Goodwill | -169.30M | -528.30M | ||||
| Gain (Loss) on Sale of Investments | -5.40M | -5.40M | -18.20M | -19.10M | ||
| Gain (Loss) on Sale of Assets | -129.20M | -210.90M | -15.20M | |||
| Asset Writedown | 65.00M | -20.90M | -7.70M | -2.50M | -600.00K | -4.70M |
| Pretax Income | -146.80M | -739.60M | 95.50M | 66.70M | 145.00M | 100.00M |
| Income Tax Expense | 19.50M | -127.90M | 27.60M | 13.00M | 29.20M | 25.80M |
| Earnings From Continuing Operations | -166.30M | -611.70M | 67.90M | 53.70M | 115.80M | 74.20M |
| Minority Interest in Earnings | -800.00K | -2.70M | -500.00K | -800.00K | -1.70M | -500.00K |
| Net Income | -167.10M | -614.40M | 67.40M | 52.90M | 114.10M | 73.70M |
| Net Income to Common | -167.10M | -614.40M | 67.40M | 52.90M | 114.10M | 73.70M |
| Shares Outstanding (Basic) | 52.30M | 55.90M | 59.00M | 61.40M | 62.30M | 62.90M |
| Shares Outstanding (Diluted) | 52.30M | 55.90M | 59.50M | 61.70M | 62.70M | 63.30M |
| EPS (Basic) | -3.20 | -10.99 | 1.14 | 0.86 | 1.83 | 1.17 |
| EPS (Diluted) | -3.20 | -10.99 | 1.13 | 0.86 | 1.82 | 1.16 |
| Free Cash Flow | 81.90M | 227.30M | 191.70M | 183.70M | 59.90M | 134.00M |
| Free Cash Flow Per Share | 1.57 | 4.07 | 3.22 | 2.98 | 0.95 | 2.12 |
| Dividend Per Share | 0.86 | 0.77 | 0.68 | 0.56 | 0.52 | 0.48 |
| Gross Margin | 2.54% | 2.57% | 2.43% | 2.22% | 1.84% | 2.51% |
| Operating Margin | 0.64% | 0.62% | 0.58% | 0.50% | 0.46% | 0.49% |
| Profit Margin | -0.37% | -1.66% | 0.16% | 0.11% | 0.19% | 0.24% |
| Free Cash Flow Margin | 0.18% | 0.62% | 0.46% | 0.39% | 0.10% | 0.43% |
| EBITDA | 359.10M | 305.50M | 330.00M | 317.00M | 359.70M | 217.30M |
| EBITDA Margin | 0.79% | 0.83% | 0.78% | 0.66% | 0.61% | 0.69% |
| D&A For EBITDA | 66.60M | 77.60M | 83.20M | 79.10M | 86.80M | 63.40M |
| EBIT | 292.50M | 227.90M | 246.80M | 237.90M | 272.90M | 153.90M |
| EBIT Margin | 0.64% | 0.62% | 0.58% | 0.50% | 0.46% | 0.49% |
| Effective Tax Rate | 28.90% | 19.49% | 20.14% | 25.80% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 217.90M | 193.50M | 382.90M | 304.30M | 298.40M | 652.20M |
| Trading Asset Securities | 2.90M | |||||
| Cash & Short-Term Investments | 217.90M | 193.50M | 385.80M | 304.30M | 298.40M | 652.20M |
| Receivables | 3.13B | 2.21B | 2.43B | 2.74B | 3.29B | 2.36B |
| Inventory | 744.70M | 454.20M | 513.50M | 664.60M | 779.90M | 477.90M |
| Prepaid Expenses | 86.20M | 86.60M | 71.40M | 77.60M | 83.60M | 59.20M |
| Other Current Assets | 449.10M | 557.70M | 555.90M | 721.80M | 782.10M | 475.10M |
| Total Current Assets | 4.62B | 3.50B | 3.96B | 4.50B | 5.24B | 4.02B |
| Property, Plant & Equipment | 346.20M | 425.60M | 596.70M | 581.60M | 384.90M | 412.70M |
| Goodwill | 741.00M | 737.50M | 1.18B | 1.24B | 1.23B | 861.90M |
| Other Intangible Assets | 295.70M | 390.70M | 350.30M | 413.90M | 435.50M | 275.90M |
| Long-Term Deferred Tax Assets | 214.20M | 78.80M | 83.40M | 68.00M | 44.80M | |
| Other Long-Term Assets | 1.03B | 595.40M | 565.10M | 554.60M | 805.10M | 327.40M |
| Total Assets | 7.04B | 5.86B | 6.73B | 7.38B | 8.16B | 5.94B |
| Accounts Payable | 3.73B | 2.59B | 2.73B | 3.10B | 3.53B | 2.40B |
| Accrued Expenses | 658.50M | 630.70M | 503.70M | 712.80M | 702.30M | 260.60M |
| Current Portion of Long-Term Debt | 9.90M | 8.50M | 76.40M | 75.60M | 12.10M | 26.00M |
| Current Portion of Leases | 31.60M | 39.70M | 35.40M | 39.60M | 35.70M | |
| Other Current Liabilities | 61.00M | 52.70M | 91.50M | 128.30M | 325.10M | 374.80M |
| Total Current Liabilities | 4.46B | 3.31B | 3.44B | 4.05B | 4.61B | 3.10B |
| Long-Term Debt | 678.20M | 684.20M | 774.40M | 796.70M | 818.20M | 461.50M |
| Long-Term Leases | 5.70M | 133.70M | 166.50M | 170.30M | 175.90M | 150.40M |
| Long-Term Deferred Tax Liabilities | 13.80M | 45.60M | 59.20M | 77.90M | 60.30M | |
| Other Long-Term Liabilities | 609.70M | 413.90M | 351.60M | 349.70M | 493.20M | 256.70M |
| Total Liabilities | 5.75B | 4.56B | 4.78B | 5.43B | 6.17B | 4.03B |
| Common Stock | 500.00K | 500.00K | 600.00K | 600.00K | 600.00K | 600.00K |
| Additional Paid-In Capital | 9.80M | 30.00M | 109.60M | 182.40M | 168.10M | |
| Retained Earnings | 1.32B | 1.32B | 2.01B | 1.98B | 1.96B | 1.88B |
| Comprehensive Income & Other | -47.30M | -17.30M | -91.10M | -148.80M | -160.60M | -136.60M |
| Total Common Equity | 1.28B | 1.30B | 1.95B | 1.94B | 1.98B | 1.91B |
| Minority Interest | 9.30M | 8.80M | 7.20M | 6.70M | 5.90M | 4.10M |
| Shareholders' Equity | 1.29B | 1.31B | 1.96B | 1.95B | 1.99B | 1.92B |
| Total Liabilities & Equity | 7.04B | 5.86B | 6.73B | 7.38B | 8.16B | 5.94B |
| Total Debt | 693.80M | 858.00M | 1.06B | 1.08B | 1.05B | 673.60M |
| Net Cash (Debt) | -475.90M | -664.50M | -671.20M | -773.70M | -747.40M | -21.40M |
| Net Cash Per Share | -9.10 | -11.89 | -11.28 | -12.54 | -11.92 | -0.34 |
| Filing Date Shares Outstanding | 51.15M | 51.28M | 56.75M | 59.85M | 62.04M | 63.44M |
| Total Common Shares Outstanding | 51.20M | 54.10M | 56.70M | 59.80M | 62.00M | 61.70M |
| Working Capital | 166.20M | 190.10M | 521.40M | 454.10M | 629.50M | 923.00M |
| Book Value Per Share | 24.98 | 24.01 | 34.37 | 32.49 | 32.01 | 31.00 |
| Tangible Book Value | 242.40M | 170.90M | 416.70M | 291.10M | 316.40M | 774.90M |
| Tangible Book Value Per Share | 4.73 | 3.16 | 7.35 | 4.87 | 5.10 | 12.56 |
| Land | 53.10M | 81.40M | 81.90M | 72.80M | 19.90M | |
| Buildings | 90.70M | 110.20M | 108.40M | 103.60M | 77.40M | |
| Machinery | 338.60M | 536.70M | 487.40M | 453.70M | 372.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -167.10M | -614.40M | 67.40M | 52.90M | 114.10M | 73.70M |
| Depreciation & Amortization | 66.60M | 77.60M | 83.20M | 79.10M | 86.80M | 63.40M |
| Other Amortization | 20.60M | 20.60M | 23.20M | 25.40M | 21.00M | 17.60M |
| Loss (Gain) From Sale of Assets | 123.60M | 211.10M | 15.20M | -2.20M | 7.70M | |
| Asset Writedown & Restructuring Costs | 110.10M | 555.00M | 10.80M | 13.70M | 600.00K | 4.80M |
| Loss (Gain) From Sale of Investments | 5.40M | 5.40M | 18.20M | 19.10M | ||
| Stock-Based Compensation | 36.10M | 25.50M | 28.10M | 24.20M | 17.60M | 19.60M |
| Provision & Write-off of Bad Debts | 59.30M | 3.90M | 12.00M | 4.70M | 7.70M | 6.30M |
| Other Operating Activities | 46.30M | -49.00M | 93.30M | -254.00M | 242.90M | 50.10M |
| Change in Accounts Receivable | -1.11B | 106.40M | 259.10M | 569.20M | -870.70M | -1.13B |
| Change in Inventory | -279.30M | 1.00M | 133.00M | 186.80M | -252.10M | -135.20M |
| Change in Accounts Payable | 1.22B | -32.60M | -355.90M | -441.90M | 1.11B | 1.19B |
| Change in Other Net Operating Assets | 10.20M | -17.60M | -127.70M | -5.70M | -344.60M | 16.70M |
| Operating Cash Flow | 141.70M | 292.90M | 259.90M | 271.30M | 138.50M | 173.20M |
| Capital Expenditures | -59.80M | -65.60M | -68.20M | -87.60M | -78.60M | -39.20M |
| Cash Acquisitions | -153.60M | -153.60M | -40.00M | -13.70M | -643.90M | -37.10M |
| Divestitures | 93.20M | 23.40M | 209.00M | 9.30M | 25.00M | |
| Other Investing Activities | 2.40M | 25.80M | -36.30M | -9.10M | -2.40M | -7.00M |
| Investing Cash Flow | -117.80M | -170.00M | 64.50M | -101.10M | -724.90M | -58.30M |
| Long-Term Debt Issued | 3.60B | 3.84B | 6.27B | 6.94B | 300.00K | |
| Long-Term Debt Repaid | -3.77B | -3.88B | -6.22B | -6.61B | -24.20M | |
| Net Debt Issued (Repaid) | -99.20M | -171.70M | -32.20M | 47.40M | 333.70M | -23.90M |
| Issuance of Common Stock | 40.00M | |||||
| Repurchase of Common Stock | -129.30M | -85.00M | -100.00M | -60.10M | -48.70M | -50.50M |
| Common Dividends Paid | -43.60M | -41.30M | -38.50M | -34.00M | -31.00M | -28.70M |
| Other Financing Activities | -6.50M | -17.10M | -59.90M | -145.70M | -16.70M | -10.50M |
| Financing Cash Flow | -278.60M | -315.10M | -230.60M | -152.40M | 237.30M | -113.60M |
| Foreign Exchange Rate Adjustments | -400.00K | 3.40M | -15.20M | -12.00M | -4.70M | -7.80M |
| Miscellaneous Cash Flow Adjustments | -600.00K | -600.00K | 100.00K | -100.00K | ||
| Net Cash Flow | -255.70M | -189.40M | 78.60M | 5.90M | -353.80M | -6.60M |
| Free Cash Flow | 81.90M | 227.30M | 191.70M | 183.70M | 59.90M | 134.00M |
| Free Cash Flow Margin | 0.18% | 0.62% | 0.46% | 0.39% | 0.10% | 0.43% |
| Free Cash Flow Per Share | 1.57 | 4.07 | 3.22 | 2.98 | 0.95 | 2.12 |
| Levered Free Cash Flow | 250.54M | 345.54M | 157.15M | 227.10M | 93.69M | 148.19M |
| Unlevered Free Cash Flow | 327.41M | 415.54M | 229.65M | 311.79M | 167.06M | 177.69M |
| Cash Interest Paid | 105.80M | 105.80M | 113.60M | 130.40M | 113.40M | 44.40M |
| Cash Income Tax Paid | 97.00M | 97.00M | 51.60M | 42.00M | 66.60M | 39.00M |
| Change in Working Capital | -159.20M | 57.20M | -91.50M | 308.40M | -359.90M | -62.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.91B | 1.30B | 1.60B | 1.37B | 1.69B | 1.67B |
| Enterprise Value | 2.39B | 1.63B | 2.11B | 1.90B | 2.12B | 1.39B |
| Last Close Price | 37.34 | 22.92 | 26.14 | 21.11 | 24.72 | 23.47 |
| PE Ratio | 23.70 | 25.92 | 14.83 | 22.69 | ||
| Forward PE | 15.08 | 10.59 | 11.62 | 10.19 | 12.23 | 16.14 |
| PS Ratio | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.05 |
| PB Ratio | 1.49 | 0.99 | 0.82 | 0.70 | 0.85 | 0.87 |
| P/TBV Ratio | 7.88 | 7.62 | 3.83 | 4.71 | 5.35 | 2.16 |
| P/FCF Ratio | 23.32 | 5.73 | 8.33 | 7.46 | 28.25 | 12.48 |
| P/OCF Ratio | 13.48 | 4.44 | 6.15 | 5.05 | 12.22 | 9.65 |
| PEG Ratio | 0.95 | 1.15 | 0.96 | 2.04 | 2.45 | 3.23 |
| EV/Sales Ratio | 0.05 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| EV/EBITDA Ratio | 6.64 | 5.34 | 6.41 | 6.00 | 5.88 | 6.42 |
| EV/EBIT Ratio | 8.16 | 7.16 | 8.56 | 8.00 | 7.75 | 9.06 |
| EV/FCF Ratio | 29.13 | 7.18 | 11.03 | 10.36 | 35.33 | 10.41 |
| Debt / Equity Ratio | 0.54 | 0.66 | 0.54 | 0.55 | 0.53 | 0.35 |
| Debt / EBITDA Ratio | 1.62 | 2.29 | 2.66 | 2.81 | 2.46 | 2.36 |
| Debt / FCF Ratio | 8.47 | 3.77 | 5.51 | 5.87 | 17.46 | 5.03 |
| Net Debt / Equity Ratio | 0.37 | 0.51 | 0.34 | 0.40 | 0.38 | 0.01 |
| Net Debt / EBITDA Ratio | 1.32 | 2.17 | 2.03 | 2.44 | 2.08 | 0.10 |
| Net Debt / FCF Ratio | 5.81 | 2.92 | 3.50 | 4.21 | 12.48 | 0.16 |
| Asset Turnover | 6.96 | 5.86 | 5.98 | 6.14 | 8.37 | 6.00 |
| Inventory Turnover | 71.29 | 74.34 | 69.84 | 64.59 | 92.15 | 74.31 |
| Quick Ratio | 0.75 | 0.73 | 0.82 | 0.75 | 0.78 | 0.97 |
| Current Ratio | 1.04 | 1.06 | 1.15 | 1.11 | 1.14 | 1.30 |
| Return on Equity (ROE) | -11.41% | -37.48% | 3.48% | 2.73% | 5.93% | 3.88% |
| Return on Assets (ROA) | 2.79% | 2.26% | 2.19% | 1.91% | 2.42% | 1.84% |
| Return on Invested Capital (ROIC) | 16.06% | 9.91% | 6.56% | 7.01% | 9.32% | 5.90% |
| Return on Capital Employed (ROCE) | 11.30% | 8.90% | 7.50% | 7.20% | 7.70% | 5.40% |
| Earnings Yield | -8.58% | -47.20% | 4.22% | 3.86% | 6.74% | 4.41% |
| FCF Yield | 4.29% | 17.46% | 12.00% | 13.40% | 3.54% | 8.01% |
| Dividend Yield | 2.46% | 3.20% | 2.41% | 2.44% | 1.91% | 1.77% |
| Payout Ratio | 57.12% | 64.27% | 27.17% | 38.94% | ||
| Buyback Yield / Dilution | 7.47% | 6.05% | 3.57% | 1.59% | 0.95% | 1.09% |
| Total Shareholder Return | 9.94% | 9.25% | 5.98% | 4.04% | 2.85% | 2.86% |