Item 1. Business 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. We conduct our operations through numerous locations both within the United States ("U.S.") and throughout various foreign jurisdictions. Our principal executive office is located at 9800 N.W. 41st Street, Miami, Florida 33178 and our telephone number at this address is 305‑428‑8000. Our internet address is www.world-kinect.com and the investor relations section of our website is located at ir.world-kinect.com.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 36.9B | 36.9B | 42.2B | 47.7B | 59.0B | 31.3B |
| Net Income | -614M | -614M | 67M | 53M | 114M | 74M |
| EPS | $-10.99 | $-10.99 | $1.13 | $0.86 | $1.82 | $1.16 |
| Free Cash Flow | 227M | 227M | 192M | 184M | 60M | 134M |
| ROIC | -11.3% | -26.0% | 4.2% | 5.7% | 7.0% | 5.5% |
| Gross Margin | 2.6% | 2.6% | 2.4% | 2.2% | 1.8% | 2.5% |
| Debt/Equity | 2.20 | 2.20 | 1.57 | 0.55 | 0.71 | 0.41 |
| Dividends/Share | $0.74 | $0.77 | $0.68 | $0.56 | $0.52 | $0.48 |
| Operating Income | -565M | -565M | 211M | 198M | 273M | 143M |
| Operating Margin | -1.5% | -1.5% | 0.5% | 0.4% | 0.5% | 0.5% |
| ROE | -47.3% | -37.8% | 3.5% | 2.7% | 5.9% | 3.9% |
| Shares Outstanding | 56M | 56M | 60M | 62M | 63M | 64M |
WORLD KINECT CORP passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 5.3x vs a median of 10.0x. The company's 5-year average gross margin is 2.3%. Total shareholder yield (dividends + buybacks) is 9.7%. At current prices, the estimated annualized return to fair value is -3.5%.
WORLD KINECT CORP (WKC) has a 5-year average return on invested capital (ROIC) of -0.7%. This is below average and may indicate limited pricing power.
WORLD KINECT CORP (WKC) has a market capitalization of $1.3B. It is classified as a small-cap stock.
Yes, WORLD KINECT CORP (WKC) pays a dividend with a trailing twelve-month yield of 3.17%. The company also returns capital through share buybacks, with a buyback yield of 6.52%.
WORLD KINECT CORP (WKC) operates in the Wholesale-Petroleum & Petroleum Products (No Bulk Stations) industry, within the Consumer Defensive sector.
WORLD KINECT CORP (WKC) reported annual revenue of $36.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
WORLD KINECT CORP (WKC) has a net profit margin of -1.7%. The company is currently unprofitable.
WORLD KINECT CORP (WKC) generated $227 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WORLD KINECT CORP (WKC) has a debt-to-equity ratio of 2.20. This indicates higher leverage, which may increase financial risk.
WORLD KINECT CORP (WKC) reported earnings per share (EPS) of $-10.99 in its most recent fiscal year.
WORLD KINECT CORP (WKC) has a return on equity (ROE) of -37.8%. A negative ROE may indicate losses or negative equity.
WORLD KINECT CORP (WKC) has a 5-year average gross margin of 2.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for WORLD KINECT CORP (WKC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WORLD KINECT CORP (WKC) has a book value per share of $23.24, based on its most recent annual SEC filing.
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