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Stock research / United States / WKC · Wholesale-Petroleum & Petroleum Products (No Bulk Stations) · NYSE

World Kinect Corp. (WKC)

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World Kinect Corp. (WKC) reported revenue of $13.6 billion for Q2 FY2026, the quarter ended 30 June 2026, up 50.3% on the same quarter a year earlier. Net income was $48 million, and diluted earnings per share $0.94. The figures are the company's own, from the 10-Q it filed with the SEC on 24 July 2026.

Revenue$13.6 billionup 50.3%
Net income$48 million
Diluted EPS$0.94
QuarterQ2 FY2026ended 30 June 2026

World Kinect (WKC) in brief

World Kinect (WKC) reported revenue of $36.9 billion for fiscal 2025, the year ended 31 December 2025, down 12.5% on the year before.
Read moreNet loss was $614 million and the diluted loss per share $10.99. Revenue was $42.2 billion in fiscal 2024, $47.7 billion in fiscal 2023, $59.0 billion in fiscal 2022 and $31.3 billion in fiscal 2021. Net income in the same years was $67 million, $53 million, $114 million and $74 million. Over the twelve months to 30 June 2026, World Kinect reported revenue of $41.7 billion and net loss of $179 million. Revenue grew 12.6% a year, compounded, over the five years to fiscal 2025. World Kinect declared $0.77 a share in dividends over the last four quarters and had 51 million shares outstanding at the latest filed count. At 30 June 2026 it carried $737 million of debt and $135 million of cash. At the close of 9 October 2026 the market cap of World Kinect was $1.9 billion.

Ratios

From the filings

ROE-14.3%
ROCE-3.0%
Operating margin-0.1%
Net margin-0.4%
FCF margin0.0%
Interest cover-0.51
Debt to equity0.59
Cash conversionn/a
Share count, 1 year-7.7%
Sales CAGR, 3 years-14.5%
Profit CAGR, 3 yearsn/a
EPS, TTM-$3.21

At the close of 9 October 2026

Price$36.41
Market cap$1.9 billion
Stock P/En/a
Price to book1.48
EV / EBITDA86.81
Dividend yield2.1%
Market cap / sales0.04
52-week high$40.25
52-week low$22.59
Price, 1 year44.6%
Price CAGR, 3 years18.1%
Price CAGR, 5 years2.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the one borrowings figure World Kinect Corp. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.
WKCgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WKC

Filings16 in twelve months: 9 current reports (8-K), about 4 results of operations; 3 officer or director change; 3 regulation FD disclosure; 1 shareholder vote; 1 material agreement
Planned insider sales20 Form 144 notices in twelve months, $8.2 million; latest 2 October 2026
Options tapeput/call 0.07 by open interest at the 9 October 2026 close; the straddle prices a 7.3% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 9 Schedule 13D or 13G filings in twelve months
Insider trading21 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest10.4 million shares short, 7.64 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue12,24512,00310,95110,96510,4919,7609,4529,0439,3929,0299,68513,591
Cost of revenue11,96411,77110,69710,72010,2239,5029,2228,8119,1428,7949,41413,226
Gross profit281232254245268259230232250235271365
Gross margin2%2%2%2%3%3%2%3%3%3%3%3%
Operating income73.3-15.463.345.272.329.8-6.6-34562.9-27656.396.1
Operating margin1%-0%1%0%1%0%-0%-4%1%-3%1%1%
Interest expense31.633.130.929.229.026.926.628.228.428.827.633.2
Pre-tax income46.3-46.630.511749.6-101-28.1-44938.8-30232.266.3
Tax rate23%n/a11%8%29%n/an/an/a28%n/a20%25%
Net income34.9-34.727.410833.5-102-21.1-33925.7-28026.248.4
Net margin0%-0%0%1%0%-1%-0%-4%0%-3%0%0%
Diluted EPS$0.58-$0.58$0.45$1.81$0.57-$1.77-$0.37-$6.06$0.46-$5.11$0.50$0.94
Operating cash flow80.34.511067.9-38.512011428.211634.2-46.4-21.3
Capital expenditure21.419.717.514.618.217.915.215.014.121.313.813.8
Free cash flow58.9-15.292.753.3-56.710299.213.210212.9-60.2-35.1
Buybacks0.010.10.029.128.342.610.035.00.040.075.014.3
Dividends paid8.48.38.410.110.19.99.79.511.111.010.710.2
Shares outstanding60m60m60m59m58m57m57m56m56m54m51m51m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue43,38630,38027,01633,69639,75036,81920,35831,33759,04347,71142,16836,91741,697
Cost of revenue42,57329,51926,11732,76338,73235,70719,50630,54957,95446,65241,14235,96940,576
Gross profit8198608999321,0181,1128527881,0891,0581,0269481,121
Gross margin1.9%2.8%3.3%2.8%2.6%3.0%4.2%2.5%1.8%2.2%2.4%2.6%2.7%
Operating income27724618945.6260300138143273198211-565-60.6
Operating margin0.6%0.8%0.7%0.1%0.7%0.8%0.7%0.5%0.5%0.4%0.5%-1.5%-0.1%
Interest expense31.234.943.766.374.880.048.647.2117136116112118
Pre-tax income275218142-21.118523716210014566.795.5-740-164
Income tax53.647.215.714955.956.252.125.829.213.027.6-12811.7
Effective tax rate19.5%21.7%11.0%n/a30.2%23.7%32.2%25.8%20.1%19.5%28.9%n/an/a
Net income224174126-17012817911073.711452.967.4-614-179
Net margin0.5%0.6%0.5%-0.5%0.3%0.5%0.5%0.2%0.2%0.1%0.2%-1.7%-0.4%
Diluted EPS$3.15$2.64$1.81-$2.50$1.89$2.69$1.71$1.16$1.82$0.86$1.13-$10.99-$3.21
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Aviation23,27520,46918,99451.4%
Land15,19012,81210,24027.7%
Marine9,2468,8877,68320.8%
AviationLandMarine
47.7FY202342.2FY202436.9FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
North America26,34721,74219,96654.1%
EMEA10,0219,6547,90921.4%
Asia Pacific5,5425,4014,60212.5%
LATAM5,9845,4764,42112.0%
North AmericaEMEAAsia PacificLATAM
47.9FY202342.3FY202436.9FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow14144850.7-134-18222960417313827126029382.6
Capital expenditure50.251.036.154.072.380.951.339.278.687.668.265.663.0
Free cash flow90.939614.6-188-25514855313459.918419222719.6
Free cash flow margin0.2%1.3%0.1%-0.6%-0.6%0.4%2.7%0.4%0.1%0.4%0.5%0.6%0.0%
Cash from investingn/an/a-274159286-50.572.8-58.3-725-10164.5-170-100
Cash from financingn/an/a341-362-257-205-213-114237-152-231-315-242
Depreciation and amortisation57.365.582.386.081.587.485.881.010810410698.289.0
Share-based compensation15.817.019.221.28.323.6-0.919.617.624.228.125.530.9
Buybacks10.070.541.261.920.065.468.350.548.760.110085.0129
Dividends paid10.615.316.616.316.221.125.628.731.034.038.541.343.0
Dividend per share$0.15$0.24$0.24$0.24$0.24$0.36$0.40$0.48$0.52$0.56$0.68$0.77n/a
Diluted shares, weighted71m71m70m68m68m66m64m63m63m62m60m56m52m
Shares outstanding at period end72m71m70m68m67m65m63m62m62m60m57m54m51m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,8551,8961,9251,7221,8151,8901,9091,9131,9851,9431,9491,2991,258
Non-controlling interest9.510.015.016.016.13.53.64.15.96.77.28.89.5
Debt6727471,171885660575502478830809797685737
Operating lease liabilitiesn/an/an/an/an/a125124134164158144133n/a
Finance lease liabilitiesn/an/an/an/an/a14.414.416.611.712.422.41.0n/a
Other liabilities2,3431,8732,3022,9653,1863,3851,9473,3975,1684,4463,8133,7374,595
Total liabilities and equity4,8804,5255,4135,5885,6775,9924,5005,9428,1657,3756,7325,8646,599
Owned
Fixed assets203226311330350361343349484515513348n/a
Goodwill6536768368468538448598621,2331,2381,182738740
Intangible assets218211282280245222203189336300261312297
Cash and equivalents302582699372212186659652298304383194135
Receivables2,3081,8132,3442,7062,7402,8921,2382,3553,2942,7362,4332,2082,942
Inventory438359458505523593344478780665514454579
Other assets7586594835507548958551,0571,7391,6181,4471,6101,906
Total assets4,8804,5255,4135,5885,6775,9924,5005,9428,1657,3756,7325,8646,599
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.0%12.6%-14.5%7.6%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-1.3%-6.3%-13.7%-47.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was World Kinect's revenue in fiscal 2025?

World Kinect (WKC) reported revenue of $36.9 billion for fiscal 2025, the year ended 31 December 2025, down 12.5% on the year before.

How much did World Kinect earn in fiscal 2025?

Net loss was $614 million for fiscal 2025, and the diluted loss per share $10.99.

What is World Kinect's market cap?

The market cap of World Kinect was $1.9 billion at the close of 9 October 2026.

Does World Kinect pay a dividend?

Yes. World Kinect declared $0.77 a share in dividends over the four quarters to 30 June 2026.

How much debt does World Kinect have?

At 30 June 2026 World Kinect carried $737 million of debt and $135 million of cash.

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World Kinect Corp. WKC$1.9 billionn/a-14.3%-0.1%7.6%0.592.1%
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No other company here shares its SEC industry code (Wholesale-Petroleum & Petroleum Products (No Bulk Stations)); these are the names nearest in size in its wider industry, Wholesale, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202624 July 2026EDGAR
10-Q31 March 202624 April 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 202524 October 2025EDGAR
10-Q30 June 20251 August 2025EDGAR
10-Q31 March 202525 April 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 202425 October 2024EDGAR
10-Q30 June 202426 July 2024EDGAR
10-Q31 March 202426 April 2024EDGAR

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