WORLD KINECT CORP WKC

Industrials SIC 5172 - Wholesale-Petroleum & Petroleum Products (No Bulk Stations) NAICS Wholesale Trade › Merchant Wholesalers, Nondurable Goods › Petroleum and Petroleum Products Merchant Wholesalers › Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) derived NYSE

World Kinect Corporation (the "Company") was incorporated in Florida in July 1984 and along with its consolidated subsidiaries is referred to collectively in this Annual Report on Form 10-K ("2025 10-K Report") as "World Kinect," "we," "our," and "us."

We are a global energy management company offering fulfillment and related services to customers across the aviation, marine, and land transportation sectors. We also supply natural gas along with a complementary suite of sustainability-related products and services.

A reference to a "Note" herein refers to the accompanying Notes to the Consolidated Financial Statements within Part IV. Item 15. – Notes to the Consolidated Financial Statements included in this 2025 10-K Report.

Last close 36.54 2026-10-23
Market cap $1.87B 2026-06-30 share count
52-week range 22.21 - 41.20

Valuation FY2025 figures against the last close

P/S0.1x
P/E—
P/FCF8.2x
EV/EBITDA—
Dividend yield2.2%
Diluted EPS-10.99

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $36.92B$42.17B$47.71B$59.04B$31.34B$20.36B$36.82B$39.75B$33.70B$27.02B
Cost of revenue $35.97B$41.14B$46.65B$57.95B$30.55B$19.51B$35.71B$38.73B$32.76B$26.12B
Gross profit $947.8M$1.03B$1.06B$1.09B$788.2M$851.8M$1.11B$1.02B$932.2M$899.0M
SG&A $282.5M$297.1M$308.0M$308.7M$247.6M$311.1M$322.2M$299.6M$306.9M$296.8M
Total operating expenses $1.51B$815.7M$860.2M$815.8M$645.6M$714.0M$812.3M$758.8M$886.6M$710.1M
Operating income -$564.7M$210.6M$198.0M$273.2M$142.6M$137.9M$299.7M$259.7M$45.6M$188.9M
Interest expense $112.0M$116.0M$135.5M$117.4M$47.2M$48.6M$80.0M$74.8M$66.3M$43.7M
Pre-tax income -$739.7M$95.5M$66.7M$145.1M$100.0M$161.7M$237.3M$184.9M-$21.1M$142.1M
Income tax $127.9M$27.6M$13.0M$29.2M$25.8M$52.1M$56.2M$55.9M$149.2M$15.7M
Net income -$614.4M$67.4M$52.9M$114.1M$73.7M$109.6M$178.9M$127.7M-$170.2M$126.5M
EPS, basic -10.991.140.861.831.171.722.711.89-2.501.82
EPS, diluted -10.991.130.861.821.161.712.691.89-2.501.81
Shares, diluted (wtd. avg.) 55.9M59.5M61.7M62.7M63.3M64.0M66.5M67.7M68.1M69.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $193.5M$382.9M$304.3M$298.4M$652.2M$658.8M$186.1M$211.7M$372.3M$698.6M
Receivables $2.21B$2.43B$2.74B$3.29B$2.36B$1.24B$2.89B$2.74B$2.71B$2.34B
Inventory $454.2M$513.5M$664.6M$779.9M$477.9M$344.3M$593.3M$523.1M$505.0M$458.0M
Total current assets $3.50B$3.96B$4.50B$5.24B$4.02B$2.64B$4.17B$3.97B$3.94B$3.84B
Property, plant and equipment $348.4M$513.3M$515.3M$484.2M$348.9M$342.6M$360.9M$350.3M$329.8M$311.2M
Goodwill $737.5M$1.18B$1.24B$1.23B$861.9M$858.6M$843.7M$852.7M$845.5M$835.9M
Other intangibles $311.7M$261.2M$299.7M$336.2M$189.1M$202.8M$221.7M$245.4M$279.7M$282.3M
Total assets $5.86B$6.73B$7.38B$8.16B$5.94B$4.50B$5.99B$5.68B$5.59B$5.41B
Accounts payable $2.59B$2.73B$3.10B$3.53B$2.40B$1.21B$2.60B$2.40B$2.24B$1.77B
Short-term debt ———————$41.1M$25.6M$15.4M
Total current liabilities $3.31B$3.44B$4.05B$4.61B$3.10B$1.68B$3.16B$2.94B$2.72B$2.18B
Total liabilities $4.56B$4.78B$5.43B$6.17B$4.03B$2.59B$4.10B$3.85B$3.85B$3.47B
Retained earnings $1.32B$2.01B$1.98B$1.96B$1.88B$1.84B$1.76B$1.61B$1.49B$1.68B
Total equity $1.30B$1.95B$1.95B$1.99B$1.92B$1.91B$1.89B$1.83B$1.74B$1.94B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $292.9M$259.9M$271.3M$138.5M$173.2M$604.1M$228.8M-$182.5M-$133.6M$50.7M
Depreciation and amortisation $98.2M$106.4M$104.5M$107.8M$50.8M$52.7M$54.5M$45.6M$44.1M$42.5M
Stock-based compensation $25.5M$28.1M$24.2M$17.6M$19.6M-$900.0K$23.6M$8.3M$21.2M$19.2M
Capital expenditure $65.6M$68.2M$87.6M$78.6M$39.2M$51.3M$80.9M$72.3M$54.0M$36.1M
Investing cash flow -$170.0M$64.5M-$101.1M-$724.9M-$58.3M$72.8M-$50.5M$286.0M$158.7M-$274.0M
Financing cash flow -$315.1M-$230.6M-$152.4M$237.3M-$113.6M-$213.0M-$204.9M-$257.1M-$361.6M$340.9M
Dividends paid $41.3M$38.5M$34.0M$31.0M$28.7M$25.6M$21.1M$16.2M$16.3M$16.6M
Buybacks $85.0M$100.0M$60.1M$48.7M$50.5M$68.3M$65.4M$20.0M$61.9M$41.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-187092.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20B 0 20B 40B 60B Revenue, FY2016: 27B Gross profit, FY2016: 899M Net income, FY2016: 126.5M Revenue, FY2017: 33.7B Gross profit, FY2017: 932.2M Net income, FY2017: -170.2M Revenue, FY2018: 39.8B Gross profit, FY2018: 1B Net income, FY2018: 127.7M Revenue, FY2019: 36.8B Gross profit, FY2019: 1.1B Net income, FY2019: 178.9M Revenue, FY2020: 20.4B Gross profit, FY2020: 851.8M Net income, FY2020: 109.6M Revenue, FY2021: 31.3B Gross profit, FY2021: 788.2M Net income, FY2021: 73.7M Revenue, FY2022: 59B Gross profit, FY2022: 1.1B Net income, FY2022: 114.1M Revenue, FY2023: 47.7B Gross profit, FY2023: 1.1B Net income, FY2023: 52.9M Revenue, FY2024: 42.2B Gross profit, FY2024: 1B Net income, FY2024: 67.4M Revenue, FY2025: 36.9B Gross profit, FY2025: 947.8M Net income, FY2025: -614.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $27.02B $33.70B $39.75B $36.82B $20.36B $31.34B $59.04B $47.71B $42.17B $36.92B
Gross profit $899.0M $932.2M $1.02B $1.11B $851.8M $788.2M $1.09B $1.06B $1.03B $947.8M
Net income $126.5M -$170.2M $127.7M $178.9M $109.6M $73.7M $114.1M $52.9M $67.4M -$614.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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