World Kinect (WKC) Financials

$28.26 +0.20 (+0.69%)

Closing price 06/10/2025 03:59 PM Eastern

Extended Trading

$28.26 0.00 (0.00%)

As of 06/10/2025 05:40 PM Eastern

Annual Income Statements for World Kinect

This table shows World Kinect's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	225	175	127	-170	179	110	74	114	53	67
Consolidated Net Income / (Loss)	221	171	126	-170	181	110	74	116	54	68
Net Income / (Loss) Continuing Operations	221	171	126	-170	181	110	74	116	54	68
Total Pre-Tax Income	275	218	142	-21	237	162	100	145	67	96
Total Operating Income	277	246	189	46	300	138	143	273	198	211
Total Gross Profit	496	495	486	504	1,112	485	788	1,089	1,058	1,026
Total Revenue	43,392	30,381	27,016	33,696	36,819	20,358	31,337	59,043	47,711	42,168
Operating Revenue	43,392	30,381	27,016	33,696	36,819	20,358	31,337	59,043	47,711	42,168
Total Cost of Revenue	42,896	29,886	26,530	33,192	35,707	19,873	30,549	57,954	46,652	41,142
Operating Cost of Revenue	42,893	29,886	26,530	33,192	35,707	19,873	30,549	57,954	46,652	41,142
Total Operating Expenses	219	250	297	458	812	347	646	816	860	816
Selling, General & Admin Expense	219	250	297	307	322	311	248	309	308	297
Other Operating Expenses / (Income)	-	-	-	-	470	-	387	507	512	483
Impairment Charge	-	0.00	0.00	92	-	26	4.70	0.60	33	29
Restructuring Charge	-	0.00	0.00	60	20	10	6.60	-0.80	7.20	7.10
Total Other Income / (Expense), net	-1.90	-28	-47	-67	-62	24	-43	-128	-131	-115
Interest & Investment Income	-	-	-	-	-	-	-	-111	-128	-102
Other Income / (Expense), net	-1.90	-28	-47	-67	-62	24	-43	-18	-3.60	-13
Income Tax Expense	54	47	16	149	56	52	26	29	13	28
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.30	-3.90	0.00	-0.10	2.20	0.10	0.50	1.70	0.80	0.50
Basic Earnings per Share	$3.17	$2.49	$1.82	($2.50)	$2.71	$1.72	$1.17	$1.83	$0.86	$1.14
Weighted Average Basic Shares Outstanding	70.80M	70.20M	69.30M	68.10M	66.10M	63.70M	62.90M	62.30M	61.40M	59M
Diluted Earnings per Share	$3.15	$2.47	$1.81	($2.50)	$2.69	$1.71	$1.16	$1.82	$0.86	$1.13
Weighted Average Diluted Shares Outstanding	71.30M	70.70M	69.80M	68.10M	66.50M	64M	63.30M	62.70M	61.70M	59.50M
Weighted Average Basic & Diluted Shares Outstanding	70.80M	65.60M	69.50M	68.10M	65.41M	63.12M	63.44M	62.04M	59.85M	56.75M
Cash Dividends to Common per Share	$0.15	$0.24	$0.24	$0.24	$0.36	$0.40	$0.48	$0.52	$0.56	$0.68

This table shows World Kinect's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	43	27	23	30	35	-35	27	108	34	-102	-21
Consolidated Net Income / (Loss)	44	21	23	31	36	-35	27	107	35	-101	-21
Net Income / (Loss) Continuing Operations	44	27	23	31	36	-35	27	107	35	-101	-21
Total Pre-Tax Income	63	27	27	40	46	-47	31	117	50	-101	-28
Total Operating Income	100	79	65	76	73	-15	63	45	72	30	-6.60
Total Gross Profit	322	283	263	282	281	232	254	245	268	259	230
Total Revenue	15,661	13,878	12,482	10,981	12,245	12,003	10,951	10,965	10,491	9,761	9,453
Operating Revenue	15,661	13,878	12,482	10,981	12,245	12,003	10,951	10,965	10,491	9,761	9,453
Total Cost of Revenue	15,339	13,595	12,219	10,699	11,964	11,771	10,697	10,720	10,223	9,502	9,222
Operating Cost of Revenue	15,339	13,595	12,219	10,699	11,964	11,771	10,697	10,720	10,223	9,502	9,222
Total Operating Expenses	222	204	198	206	208	248	191	200	196	229	237
Selling, General & Admin Expense	82	-45	79	81	76	72	75	73	72	77	72
Other Operating Expenses / (Income)	141	-	119	125	132	136	116	119	123	125	105
Impairment Charge	0.00	-	0.00	0.30	0.00	33	0.00	2.40	1.20	25	45
Restructuring Charge	-0.80	-	0.00	0.00	0.00	7.20	0.20	5.60	0.00	1.30	15
Total Other Income / (Expense), net	-38	-46	-38	-35	-27	-31	-33	71	-23	-131	-22
Interest & Investment Income	-	-	-34	-33	-29	-32	-29	-28	-24	-22	-23
Other Income / (Expense), net	-38	65	-3.50	-2.80	1.60	1.10	-3.90	99	1.30	-109	1.30
Income Tax Expense	19	6.40	4.20	9.80	11	-12	3.30	9.70	15	-	-6.80
Net Income / (Loss) Attributable to Noncontrolling Interest	1.40	-	-0.20	0.50	0.60	-0.10	-0.20	-1.40	1.50	0.60	-0.20
Basic Earnings per Share	$0.69	$0.33	$0.37	$0.48	$0.58	($0.57)	$0.46	$1.81	$0.57	($1.70)	($0.37)
Weighted Average Basic Shares Outstanding	62M	62.30M	62.20M	62.30M	60.30M	61.40M	59.90M	59.80M	58.80M	59M	56.80M
Diluted Earnings per Share	$0.68	$0.34	$0.36	$0.48	$0.58	($0.56)	$0.45	$1.81	$0.57	($1.70)	($0.37)
Weighted Average Diluted Shares Outstanding	62.30M	62.70M	62.80M	62.50M	60.40M	61.70M	60.30M	60M	59.20M	59.50M	56.80M
Weighted Average Basic & Diluted Shares Outstanding	61.92M	62.04M	62.13M	60.20M	60.20M	59.85M	59.94M	59.09M	58.08M	56.75M	56.63M
Cash Dividends to Common per Share	$0.14	-	$0.14	-	$0.14	-	$0.17	-	$0.17	-	$0.17

This table details how cash moves in and out of World Kinect's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	10	280	116	-337	-154	-26	473	-6.60	-354	5.90	79
Net Cash From Operating Activities	141	448	51	-134	-183	229	604	173	139	271	260
Net Cash From Continuing Operating Activities	141	448	51	-134	-183	229	604	173	139	271	260
Net Income / (Loss) Continuing Operations	221	171	126	-170	129	181	110	74	116	54	68
Consolidated Net Income / (Loss)	221	171	126	-170	129	181	110	74	116	54	68
Depreciation Expense	57	66	82	86	82	87	86	81	108	105	106
Non-Cash Adjustments To Reconcile Net Income	-17	12	15	146	51	57	8.70	74	114	103	168
Changes in Operating Assets and Liabilities, net	-120	200	-173	-196	-444	-97	400	-55	-199	10	-82
Net Cash From Investing Activities	-297	-145	-274	159	286	-51	73	-58	-725	-101	65
Net Cash From Continuing Investing Activities	-297	-145	-274	159	286	-51	73	-58	-725	-101	65
Purchase of Property, Plant & Equipment	-50	-51	-36	-54	-72	-81	-51	-39	-79	-88	-68
Acquisitions	-274	-97	-431	-121	-21	0.00	-129	-37	-644	-14	-40
Divestitures	0.00	-	-	0.00	0.00	31	260	25	0.00	9.30	209
Other Investing Activities, net	21	3.20	193	333	380	-0.40	-6.90	-7.10	-2.50	-9.10	-36
Net Cash From Financing Activities	170	-17	341	-362	-257	-205	-213	-114	237	-152	-231
Net Cash From Continuing Financing Activities	170	-17	341	-362	-257	-205	-213	-114	237	-152	-231
Repayment of Debt	-5,552	-4,763	-4,289	-4,756	-6,409	-5,120	-2,215	-25	-6,616	-6,237	-3,884
Repurchase of Common Equity	-15	-71	-41	-62	-20	-65	-68	-51	-49	-60	-100
Payment of Dividends	-22	-15	-17	-16	-16	-21	-26	-29	-31	-34	-39
Issuance of Debt	5,757	4,831	4,688	4,473	6,188	5,002	2,095	0.30	6,945	6,272	3,844
Issuance of Common Equity	0.00	-	-	-	-	-	-	0.00	0.00	40	0.00
Other Financing Activities, net	1.00	-	-	-	-	-	-	-9.70	-12	-133	-52
Effect of Exchange Rate Changes	-3.40	-5.50	-1.50	-	-	1.00	8.80	-7.80	-4.70	-12	-15
Cash Interest Paid	29	33	41	65	74	77	45	44	113	130	114
Cash Income Taxes Paid	41	44	38	51	85	83	69	39	67	61	61

This table details how cash moves in and out of World Kinect's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-106	18	-82	77	42	-31	29	191	-151	9.20	74
Net Cash From Operating Activities	259	-91	143	44	80	4.50	110	68	-39	120	114
Net Cash From Continuing Operating Activities	259	-91	143	43	80	4.70	110	68	-38	120	114
Net Income / (Loss) Continuing Operations	44	21	23	30	36	-35	27	107	35	-101	-21
Consolidated Net Income / (Loss)	44	21	23	30	36	-35	27	107	35	-101	-21
Depreciation Expense	27	28	26	26	26	27	25	25	26	31	26
Non-Cash Adjustments To Reconcile Net Income	78	31	5.20	27	23	48	38	-74	28	176	75
Changes in Operating Assets and Liabilities, net	110	-170	90	-40	-4.10	-35	20	11	-126	14	35
Net Cash From Investing Activities	-21	-26	-24	-33	-21	-24	-17	181	-65	-34	-5.80
Net Cash From Continuing Investing Activities	-21	-26	-24	-33	-21	-24	-17	181	-65	-34	-5.80
Purchase of Property, Plant & Equipment	-19	-22	-19	-28	-21	-20	-18	-15	-18	-18	-15
Divestitures	-	-	-	-	-	9.30	-	-	-0.30	8.90	0.00
Other Investing Activities, net	0.10	-1.20	-4.70	-4.90	0.10	0.40	0.60	-5.10	-46	15	9.40
Net Cash From Financing Activities	-336	122	-193	64	-11	-12	-64	-50	-48	-68	-32
Net Cash From Continuing Financing Activities	-336	122	-193	64	-11	-12	-64	-50	-48	-68	-33
Repayment of Debt	-2,794	-574	-2,224	-1,316	-833	-1,864	-944	-957	-871	-1,112	-823
Repurchase of Common Equity	-	-	-	-	-	-10	-	-	-28	-43	-10
Payment of Dividends	-7.40	-8.60	-8.60	-8.70	-8.40	-8.30	-8.40	-10	-10	-9.90	-9.70
Issuance of Debt	2,465	707	2,101	1,470	830	1,871	939	946	862	1,097	811
Other Financing Activities, net	-	-2.00	-61	-73	-0.10	-	-51	-0.20	-0.40	-0.50	-0.40
Effect of Exchange Rate Changes	-7.30	12	-8.30	2.70	-6.20	-0.20	-	-	0.60	-8.80	-2.70

This table presents World Kinect's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,881	4,525	5,413	5,588	5,677	5,992	4,500	5,942	8,165	7,375	6,732
Total Current Assets	3,673	3,246	3,837	3,940	3,975	4,170	2,639	4,020	5,238	4,504	3,959
Cash & Equivalents	302	583	699	372	212	186	659	652	298	304	383
Accounts Receivable	2,306	1,800	2,344	2,706	2,740	2,892	1,238	2,355	3,294	2,736	2,433
Inventories, net	438	359	458	505	523	593	344	478	780	665	514
Prepaid Expenses	77	58	47	64	66	81	51	59	84	78	71
Other Current Assets	550	428	290	293	435	418	347	475	782	722	559
Plant, Property, & Equipment, net	203	226	311	330	350	0.00	0.00	0.00	0.00	515	513
Total Noncurrent Assets	1,004	1,054	1,265	1,318	1,352	1,822	1,861	1,923	2,927	2,356	2,259
Goodwill	653	676	836	846	853	844	859	862	1,233	1,238	1,182
Intangible Assets	-	-	-	-	-	-	-	189	336	300	261
Other Noncurrent Operating Assets	351	341	429	472	499	979	1,002	872	1,357	819	816
Total Liabilities & Shareholders' Equity	4,881	4,525	5,413	5,588	5,677	5,992	4,500	5,942	8,165	7,375	6,732
Total Liabilities	3,016	2,619	3,473	3,850	3,845	4,099	2,587	4,026	6,174	5,426	4,776
Total Current Liabilities	2,239	1,754	2,183	2,719	2,936	3,162	1,684	3,097	4,609	4,050	3,438
Short-Term Debt	18	26	15	26	41	54	23	31	16	79	84
Accounts Payable	1,850	1,350	1,770	2,240	2,400	2,603	1,215	2,400	3,530	3,098	2,727
Accrued Expenses	233	255	306	345	377	379	240	293	738	745	536
Other Current Liabilities	-	-	-	-	-	-	51	168	325	128	92
Total Noncurrent Liabilities	777	865	1,290	1,131	909	936	903	929	1,565	1,376	1,338
Long-Term Debt	672	747	1,171	885	660	575	502	478	830	809	797
Other Noncurrent Operating Liabilities	-	-	35	44	55	151	186	237	735	567	541
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,865	1,906	1,940	1,738	1,832	1,894	1,913	1,917	1,991	1,950	1,956
Total Preferred & Common Equity	1,855	1,896	1,925	1,722	1,815	1,890	1,909	1,913	1,985	1,943	1,949
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,855	1,896	1,925	1,722	1,816	1,890	1,909	1,913	1,985	1,943	1,949
Common Stock	497	436	401	356	341	275	205	169	183	110	31
Retained Earnings	1,419	1,569	1,679	1,493	1,606	1,761	1,837	1,881	1,963	1,982	2,009
Accumulated Other Comprehensive Income / (Loss)	-60	-110	-155	-127	-132	-146	-133	-137	-161	-149	-91
Noncontrolling Interest	9.50	10	15	16	16	3.50	3.60	4.10	5.90	6.70	7.20

This table presents World Kinect's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	7,970	7,486	6,962	7,483	7,174	7,189	6,985	6,589
Total Current Assets	5,049	4,614	4,045	4,591	4,393	4,396	4,171	3,830
Cash & Equivalents	280	217	294	336	321	525	374	456
Accounts Receivable	3,173	2,997	2,473	2,882	2,679	2,592	2,476	2,246
Inventories, net	728	619	553	654	655	647	620	504
Prepaid Expenses	86	81	85	93	74	83	90	71
Other Current Assets	783	700	641	627	664	549	611	553
Plant, Property, & Equipment, net	0.00	497	0.00	0.00	496	495	506	480
Total Noncurrent Assets	2,921	2,375	2,917	2,892	2,286	2,298	2,308	2,279
Goodwill	1,221	1,234	1,237	1,232	1,175	1,175	1,182	1,186
Intangible Assets	345	327	318	309	284	276	266	249
Other Noncurrent Operating Assets	1,355	814	1,362	1,351	826	848	860	844
Total Liabilities & Shareholders' Equity	7,970	7,486	6,962	7,483	7,174	7,189	6,985	6,589
Total Liabilities	6,025	5,472	4,997	5,508	5,216	5,152	4,934	4,661
Total Current Liabilities	4,568	4,154	3,572	4,114	3,862	3,819	3,583	3,342
Short-Term Debt	16	-	62	63	81	81	85	87
Accounts Payable	3,238	3,213	2,709	3,293	2,966	2,976	2,751	2,530
Accrued Expenses	469	669	590	608	681	660	657	617
Other Current Liabilities	524	253	212	151	135	101	90	109
Total Noncurrent Liabilities	1,456	1,318	1,425	1,394	1,354	1,333	1,350	1,319
Long-Term Debt	694	708	816	812	803	798	798	792
Other Noncurrent Operating Liabilities	557	610	608	582	551	535	552	526
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,946	2,014	1,965	1,975	1,959	2,037	2,051	1,928
Total Preferred & Common Equity	1,940	2,008	1,959	1,968	1,952	2,032	2,044	1,921
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,940	2,008	1,959	1,968	1,952	2,032	2,044	1,921
Common Stock	181	189	108	114	115	88	65	24
Retained Earnings	1,950	1,977	1,998	2,025	1,999	2,097	2,121	1,979
Accumulated Other Comprehensive Income / (Loss)	-191	-157	-147	-170	-162	-152	-141	-81
Noncontrolling Interest	5.90	5.70	6.20	6.70	6.50	5.10	6.60	7.00

This table displays calculated financial ratios and metrics derived from World Kinect's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.40%	-29.98%	-11.08%	24.73%	0.00%	0.00%	-44.71%	53.93%	88.41%	-19.19%	-11.62%
EBITDA Growth	13.93%	-14.69%	-20.76%	-71.09%	310.48%	21.88%	-23.75%	-26.86%	100.72%	-17.77%	1.74%
EBIT Growth	11.35%	-20.74%	-34.71%	-114.84%	976.30%	28.34%	-31.82%	-38.13%	155.44%	-23.97%	1.70%
NOPAT Growth	0.26%	-13.60%	-12.68%	-81.00%	-50.77%	26.24%	-59.13%	13.20%	106.24%	-26.95%	-6.07%
Net Income Growth	6.71%	-22.89%	-25.87%	-234.73%	175.75%	40.39%	-39.48%	-32.30%	56.20%	-53.67%	26.44%
EPS Growth	11.31%	-21.59%	-26.72%	-238.12%	175.60%	42.33%	-36.43%	-32.16%	56.90%	-52.75%	31.40%
Operating Cash Flow Growth	-46.61%	217.15%	-88.67%	-363.51%	-36.60%	225.37%	164.03%	-71.33%	-20.03%	95.88%	-4.20%
Free Cash Flow Firm Growth	-248.36%	319.46%	-152.93%	188.30%	-73.79%	56.16%	206.06%	-82.91%	-590.96%	130.01%	39.83%
Invested Capital Growth	21.72%	-8.92%	18.34%	-6.26%	1.97%	0.69%	-23.88%	-0.31%	43.12%	-0.18%	-3.14%
Revenue Q/Q Growth	-1.41%	-9.13%	4.08%	3.31%	0.00%	0.00%	-18.61%	20.08%	7.14%	-3.78%	-5.05%
EBITDA Q/Q Growth	10.32%	-8.44%	-18.72%	-68.43%	209.05%	4.95%	-19.97%	15.13%	54.75%	-13.91%	28.26%
EBIT Q/Q Growth	11.14%	-11.82%	-28.65%	-117.94%	3,388.68%	6.56%	-26.42%	28.99%	90.82%	-19.57%	46.34%
NOPAT Q/Q Growth	2.25%	-6.06%	-14.07%	-20.61%	112.83%	9.38%	-33.61%	19.74%	20.45%	-29.90%	1.18%
Net Income Q/Q Growth	7.94%	-13.01%	-25.03%	-767.84%	236.36%	17.52%	-35.57%	34.91%	4.89%	-50.96%	-49.40%
EPS Q/Q Growth	9.00%	-12.10%	-25.21%	-814.29%	236.96%	17.98%	-34.73%	33.33%	5.81%	-51.14%	-50.22%
Operating Cash Flow Q/Q Growth	-21.46%	32.71%	-85.20%	62.96%	29.40%	-24.29%	9.70%	-48.57%	-22.71%	54.15%	80.36%
Free Cash Flow Firm Q/Q Growth	3.09%	41.80%	-397.67%	171.28%	110.88%	-19.11%	9.57%	-65.19%	0.86%	87.64%	124.20%
Invested Capital Q/Q Growth	2.83%	-3.13%	8.21%	-10.45%	-2.54%	0.40%	-5.06%	7.98%	6.88%	0.75%	-4.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	1.14%	1.63%	1.80%	1.50%	0.00%	3.02%	2.38%	2.52%	1.84%	2.22%	2.43%
EBITDA Margin	0.77%	0.93%	0.83%	0.19%	0.00%	0.88%	1.22%	0.58%	0.62%	0.63%	0.72%
Operating Margin	0.64%	0.81%	0.70%	0.14%	0.00%	0.81%	0.68%	0.46%	0.46%	0.42%	0.50%
EBIT Margin	0.63%	0.72%	0.53%	-0.06%	0.00%	0.64%	0.79%	0.32%	0.43%	0.41%	0.47%
Profit (Net Income) Margin	0.51%	0.56%	0.47%	-0.51%	0.00%	0.49%	0.54%	0.24%	0.20%	0.11%	0.16%
Tax Burden Percent	80.46%	78.32%	88.95%	807.11%	69.77%	76.32%	67.78%	74.20%	79.88%	80.51%	71.10%
Interest Burden Percent	100.00%	99.95%	99.93%	100.00%	100.00%	100.00%	99.94%	99.90%	56.75%	34.31%	48.31%
Effective Tax Rate	19.51%	21.68%	11.05%	0.00%	30.23%	23.68%	32.22%	25.80%	20.12%	19.49%	28.90%
Return on Invested Capital (ROIC)	10.86%	8.94%	7.50%	1.36%	0.00%	9.82%	4.54%	5.96%	10.12%	6.29%	6.00%
ROIC Less NNEP Spread (ROIC-NNEP)	10.27%	0.72%	-5.64%	-38.07%	0.00%	-0.40%	14.99%	28.73%	-40.56%	-12.40%	-9.13%
Return on Net Nonoperating Assets (RNNOA)	1.62%	0.10%	-0.93%	-10.62%	0.00%	-0.10%	1.22%	-2.08%	-4.19%	-3.56%	-2.53%
Return on Equity (ROE)	12.48%	9.04%	6.57%	-9.26%	7.23%	9.72%	5.76%	3.88%	5.93%	2.73%	3.48%
Cash Return on Invested Capital (CROIC)	-8.74%	18.28%	-9.29%	7.82%	5.93%	9.14%	31.65%	6.27%	-25.35%	6.47%	9.20%
Operating Return on Assets (OROA)	5.71%	4.63%	2.86%	-0.38%	0.00%	4.07%	3.08%	1.92%	3.63%	2.50%	2.80%
Return on Assets (ROA)	4.60%	3.63%	2.54%	-3.10%	0.00%	3.10%	2.09%	1.42%	1.64%	0.69%	0.96%
Return on Common Equity (ROCE)	12.43%	9.00%	6.53%	-9.18%	7.16%	9.67%	5.75%	3.87%	5.92%	2.72%	3.46%
Return on Equity Simple (ROE_SIMPLE)	11.92%	8.99%	6.57%	-9.89%	7.11%	9.58%	5.74%	3.88%	5.84%	2.76%	3.48%
Net Operating Profit after Tax (NOPAT)	223	192	168	32	181	229	93	106	218	159	150
NOPAT Margin	0.51%	0.63%	0.62%	0.09%	0.00%	0.62%	0.46%	0.34%	0.37%	0.33%	0.36%
Net Nonoperating Expense Percent (NNEP)	0.58%	8.22%	13.14%	39.43%	10.16%	10.22%	-10.45%	-22.77%	50.68%	18.69%	15.13%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	7.69%	5.62%	5.28%
Cost of Revenue to Revenue	98.86%	98.37%	98.20%	98.50%	0.00%	96.98%	97.62%	97.48%	98.16%	97.78%	97.57%
SG&A Expenses to Revenue	0.50%	0.82%	1.10%	0.91%	0.00%	0.88%	1.53%	0.79%	0.52%	0.65%	0.70%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.50%	0.82%	1.10%	1.36%	0.00%	2.21%	1.70%	2.06%	1.38%	1.80%	1.93%
Earnings before Interest and Taxes (EBIT)	275	218	142	-21	185	237	162	100	256	194	198
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	332	283	225	65	266	325	248	181	364	299	304
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.61	1.27	1.50	0.99	0.78	1.37	0.96	0.83	0.81	0.69	0.82
Price to Tangible Book Value (P/TBV)	2.48	1.98	2.65	1.95	1.47	2.48	1.75	1.83	3.87	3.30	3.16
Price to Revenue (P/Rev)	0.07	0.08	0.11	0.05	0.00	0.07	0.09	0.05	0.03	0.03	0.04
Price to Earnings (P/E)	13.28	13.83	22.78	0.00	0.00	14.53	16.79	21.42	14.12	25.28	23.70
Dividend Yield	0.36%	0.70%	0.59%	0.95%	1.15%	0.91%	1.73%	1.92%	2.00%	2.52%	2.47%
Earnings Yield	7.53%	7.23%	4.39%	0.00%	0.00%	6.88%	5.96%	4.67%	7.08%	3.96%	4.22%
Enterprise Value to Invested Capital (EV/IC)	1.50	1.27	1.39	0.99	0.83	1.30	0.96	0.81	0.85	0.76	0.86
Enterprise Value to Revenue (EV/Rev)	0.08	0.09	0.13	0.07	0.00	0.08	0.08	0.05	0.04	0.04	0.05
Enterprise Value to EBITDA (EV/EBITDA)	10.17	9.22	15.08	34.84	7.20	9.38	6.91	7.95	5.95	6.45	6.91
Enterprise Value to EBIT (EV/EBIT)	12.29	11.99	23.80	0.00	10.38	12.83	10.57	14.38	8.46	9.92	10.64
Enterprise Value to NOPAT (EV/NOPAT)	15.17	13.58	20.14	70.84	10.59	13.31	18.29	13.61	9.92	12.09	14.04
Enterprise Value to Operating Cash Flow (EV/OCF)	23.94	5.84	66.75	0.00	0.00	13.31	2.83	8.31	15.62	7.11	8.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.64	0.00	12.30	14.08	14.31	2.62	12.93	0.00	11.75	9.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.41	0.61	0.52	0.38	0.33	0.27	0.27	0.42	0.46	0.45
Long-Term Debt to Equity	0.36	0.39	0.60	0.51	0.36	0.30	0.26	0.25	0.42	0.42	0.41
Financial Leverage	0.16	0.14	0.16	0.28	0.29	0.25	0.08	-0.07	0.10	0.29	0.28
Leverage Ratio	2.71	2.49	2.58	2.99	3.16	3.13	2.76	2.73	3.61	3.94	3.61
Compound Leverage Factor	2.71	2.49	2.58	2.99	3.16	3.13	2.75	2.72	2.05	1.35	1.74
Debt to Total Capital	27.00%	28.83%	37.94%	34.37%	27.68%	24.93%	21.53%	20.97%	29.82%	31.29%	31.05%
Short-Term Debt to Total Capital	0.70%	0.95%	0.49%	0.97%	1.62%	2.14%	0.94%	1.26%	0.56%	2.78%	2.96%
Long-Term Debt to Total Capital	26.30%	27.88%	37.45%	33.40%	26.06%	22.78%	20.59%	19.71%	29.26%	28.51%	28.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.37%	0.37%	0.48%	0.60%	0.64%	0.14%	0.15%	0.17%	0.21%	0.24%	0.25%
Common Equity to Total Capital	72.62%	70.79%	61.58%	65.02%	71.69%	74.94%	78.33%	78.85%	69.98%	68.47%	68.70%
Debt to EBITDA	2.08	2.73	5.28	14.02	2.63	1.94	2.12	2.81	2.33	2.97	2.90
Net Debt to EBITDA	1.17	0.67	2.17	8.29	1.84	1.36	-0.54	-0.79	1.51	1.95	1.64
Long-Term Debt to EBITDA	2.02	2.64	5.22	13.63	2.48	1.77	2.03	2.64	2.28	2.71	2.62
Debt to NOPAT	3.10	4.01	7.06	28.52	3.87	2.75	5.61	4.81	3.88	5.57	5.88
Net Debt to NOPAT	1.74	0.99	2.90	16.85	2.70	1.94	-1.43	-1.36	2.51	3.66	3.33
Long-Term Debt to NOPAT	3.02	3.88	6.97	27.71	3.64	2.51	5.37	4.52	3.80	5.08	5.32
Altman Z-Score	10.43	8.31	6.38	6.92	0.94	7.27	5.90	6.19	7.92	7.15	7.07
Noncontrolling Interest Sharing Ratio	0.41%	0.52%	0.65%	0.84%	0.90%	0.53%	0.19%	0.20%	0.26%	0.32%	0.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.64	1.85	1.76	1.45	1.35	1.32	1.57	1.30	1.14	1.11	1.15
Quick Ratio	1.17	1.36	1.39	1.13	1.01	0.97	1.13	0.97	0.78	0.75	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-179	393	-208	184	136	213	651	111	-546	164	229
Operating Cash Flow to CapEx	281.08%	877.45%	140.44%	-247.41%	-252.42%	282.82%	1,177.58%	441.84%	176.21%	309.70%	381.09%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	9.02	6.46	5.44	6.13	0.00	6.31	3.88	6.00	8.37	6.14	5.98
Accounts Receivable Turnover	17.91	14.80	13.04	13.35	0.00	13.08	9.86	17.44	20.90	15.83	16.32
Inventory Turnover	78.52	75.03	64.94	68.93	0.00	63.97	42.39	74.31	92.15	64.59	69.84
Fixed Asset Turnover	260.54	141.64	100.66	105.13	0.00	0.00	0.00	0.00	0.00	0.00	81.99
Accounts Payable Turnover	21.13	18.68	17.01	16.55	0.00	14.28	10.41	16.90	19.55	14.08	14.13
Days Sales Outstanding (DSO)	20.38	24.67	27.99	27.35	0.00	27.91	37.03	20.93	17.46	23.06	22.37
Days Inventory Outstanding (DIO)	4.65	4.87	5.62	5.30	0.00	5.71	8.61	4.91	3.96	5.65	5.23
Days Payable Outstanding (DPO)	17.28	19.54	21.46	22.05	0.00	25.57	35.06	21.59	18.67	25.92	25.84
Cash Conversion Cycle (CCC)	7.75	9.99	12.15	10.60	0.00	8.05	10.58	4.25	2.75	2.79	1.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,253	2,052	2,428	2,276	2,321	2,337	1,779	1,773	2,538	2,533	2,454
Invested Capital Turnover	21.15	14.12	12.06	14.33	0.00	15.81	9.89	17.64	27.39	18.82	16.91
Increase / (Decrease) in Invested Capital	402	-201	376	-152	45	16	-558	-5.50	765	-4.60	-80
Enterprise Value (EV)	3,378	2,612	3,384	2,261	1,919	3,045	1,710	1,440	2,164	1,928	2,103
Market Capitalization	2,981	2,413	2,882	1,707	1,413	2,599	1,840	1,579	1,611	1,337	1,598
Book Value per Share	$25.75	$26.79	$27.32	$25.46	$26.82	$28.91	$30.07	$30.28	$32.06	$32.27	$33.56
Tangible Book Value per Share	$16.68	$17.24	$15.46	$12.96	$14.22	$16.01	$16.55	$13.64	$6.71	$6.73	$8.71
Total Capital	2,555	2,678	3,126	2,648	2,533	2,523	2,438	2,426	2,836	2,838	2,837
Total Debt	690	772	1,186	910	701	629	525	509	846	888	881
Total Long-Term Debt	672	747	1,171	885	660	575	502	478	830	809	797
Net Debt	388	190	488	538	489	443	-134	-144	547	584	498
Capital Expenditures (CapEx)	50	51	36	54	72	81	51	39	79	88	68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,150	935	971	875	868	876	319	301	347	229	223
Debt-free Net Working Capital (DFNWC)	1,452	1,517	1,669	1,247	1,080	1,062	978	954	645	533	605
Net Working Capital (NWC)	1,434	1,492	1,654	1,222	1,039	1,008	955	923	630	454	521
Net Nonoperating Expense (NNE)	1.63	22	42	202	52	48	-16	32	102	106	82
Net Nonoperating Obligations (NNO)	388	146	488	538	489	443	-134	-144	547	584	498
Total Depreciation and Amortization (D&A)	57	66	82	86	82	87	86	81	108	105	106
Debt-free, Cash-free Net Working Capital to Revenue	2.65%	3.08%	3.59%	2.60%	0.00%	2.38%	1.57%	0.96%	0.59%	0.48%	0.53%
Debt-free Net Working Capital to Revenue	3.35%	4.99%	6.18%	3.70%	0.00%	2.88%	4.80%	3.04%	1.09%	1.12%	1.44%
Net Working Capital to Revenue	3.31%	4.91%	6.12%	3.63%	0.00%	2.74%	4.69%	2.95%	1.07%	0.95%	1.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.13	$2.66	$1.82	($2.50)	$1.89	$2.71	$1.72	$1.17	$1.83	$0.86	$1.14
Adjusted Weighted Average Basic Shares Outstanding	70.75M	70.20M	69.30M	68.10M	67.40M	66.10M	63.70M	62.90M	62.30M	61.40M	59M
Adjusted Diluted Earnings per Share	$3.11	$2.64	$1.81	($2.50)	$1.89	$2.69	$1.71	$1.16	$1.82	$0.86	$1.13
Adjusted Weighted Average Diluted Shares Outstanding	71.32M	70.70M	69.80M	68.10M	67.70M	66.50M	64M	63.30M	62.70M	61.70M	59.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	72.09M	70.80M	69.93M	67.64M	0.00	65.41M	63.12M	63.44M	62.04M	59.85M	56.75M
Normalized Net Operating Profit after Tax (NOPAT)	223	192	168	138	181	244	118	114	218	192	175
Normalized NOPAT Margin	0.51%	0.63%	0.62%	0.41%	0.00%	0.66%	0.58%	0.36%	0.37%	0.40%	0.42%
Pre Tax Income Margin	0.63%	0.72%	0.53%	-0.06%	0.00%	0.64%	0.79%	0.32%	0.25%	0.14%	0.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.04%	8.97%	13.13%	-9.57%	12.56%	11.65%	23.36%	38.68%	26.75%	63.31%	56.70%
Augmented Payout Ratio	16.87%	50.32%	45.73%	-45.92%	28.06%	47.76%	85.68%	106.74%	68.77%	175.23%	203.98%

This table displays calculated financial ratios and metrics derived from World Kinect's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	87.54%	39.58%	0.80%	-35.87%	-21.81%	-13.51%	-12.26%	-0.14%	-14.33%	-18.68%	-13.69%
EBITDA Growth	71.92%	301.17%	60.33%	102.88%	12.98%	-92.76%	-2.53%	70.99%	-1.88%	-489.52%	-76.03%
EBIT Growth	94.43%	555.71%	126.30%	226.01%	19.27%	-109.96%	-2.78%	98.21%	-1.74%	-455.24%	-108.92%
NOPAT Growth	143.54%	146.53%	64.01%	-2.69%	-19.84%	-117.85%	3.70%	-27.48%	-9.22%	293.51%	-108.18%
Net Income Growth	96.86%	34.84%	-14.07%	22.98%	-19.13%	-266.99%	20.35%	250.49%	-1.41%	-189.97%	-178.31%
EPS Growth	100.00%	41.67%	-12.20%	23.08%	-14.71%	-264.71%	25.00%	277.08%	-1.72%	-203.57%	-182.22%
Operating Cash Flow Growth	212.58%	-81.24%	298.61%	1.64%	-68.94%	104.96%	-22.94%	56.09%	-147.95%	2,573.33%	3.81%
Free Cash Flow Firm Growth	-354.54%	-2,447.88%	111.76%	110.52%	87.35%	99.12%	-36.50%	139.67%	106.35%	1,725.57%	176.91%
Invested Capital Growth	44.60%	43.12%	-1.54%	-1.00%	5.90%	-0.18%	-0.13%	-6.16%	1.82%	-3.14%	-6.74%
Revenue Q/Q Growth	-8.53%	-11.39%	-10.06%	-12.02%	11.52%	-1.98%	-8.76%	0.13%	-4.33%	-6.96%	-3.16%
EBITDA Q/Q Growth	83.95%	91.61%	43.16%	13.46%	2.43%	-87.72%	197.69%	99.06%	-41.22%	-148.74%	142.03%
EBIT Q/Q Growth	181.61%	128.66%	85.15%	18.99%	3.03%	-119.09%	152.38%	142.59%	-48.92%	-207.88%	93.32%
NOPAT Q/Q Growth	19.41%	-13.86%	-9.86%	4.96%	-1.64%	-119.18%	623.67%	-26.59%	23.11%	-59.11%	-122.15%
Net Income Q/Q Growth	77.02%	-52.39%	8.13%	34.96%	16.39%	-198.31%	177.94%	293.01%	-67.26%	-389.14%	78.95%
EPS Q/Q Growth	74.36%	-50.00%	5.88%	33.33%	20.83%	-196.55%	180.36%	302.22%	-68.51%	-398.25%	78.24%
Operating Cash Flow Q/Q Growth	503.97%	-135.13%	257.49%	-69.58%	84.60%	-94.40%	2,348.89%	-38.38%	-156.70%	412.47%	-4.90%
Free Cash Flow Firm Q/Q Growth	15.87%	-6.34%	113.34%	-11.81%	-201.16%	92.63%	1,065.23%	232.83%	-97.32%	1,789.00%	64.42%
Invested Capital Q/Q Growth	-7.78%	6.88%	-0.56%	1.00%	-1.35%	0.75%	-0.50%	-5.11%	7.04%	-4.16%	-4.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	2.06%	2.04%	2.10%	2.57%	2.30%	1.94%	2.32%	2.24%	2.56%	2.65%	2.44%
EBITDA Margin	0.57%	1.23%	0.70%	0.90%	0.82%	0.10%	0.77%	1.54%	0.94%	-0.49%	0.21%
Operating Margin	0.64%	0.57%	0.52%	0.69%	0.60%	-0.13%	0.58%	0.41%	0.69%	0.31%	-0.07%
EBIT Margin	0.40%	1.03%	0.49%	0.66%	0.61%	-0.12%	0.54%	1.31%	0.70%	-0.81%	-0.06%
Profit (Net Income) Margin	0.28%	0.15%	0.18%	0.28%	0.29%	-0.29%	0.25%	0.97%	0.33%	-1.04%	-0.23%
Tax Burden Percent	69.90%	76.28%	84.64%	75.68%	76.67%	74.89%	89.18%	91.68%	70.56%	100.00%	75.80%
Interest Burden Percent	100.00%	19.08%	43.70%	55.43%	61.82%	325.87%	51.35%	80.92%	67.39%	127.46%	530.19%
Effective Tax Rate	30.10%	23.36%	15.73%	24.32%	23.33%	0.00%	10.82%	8.32%	29.44%	0.00%	0.00%
Return on Invested Capital (ROIC)	12.28%	11.92%	10.14%	10.77%	9.31%	-1.69%	9.44%	7.06%	8.51%	3.61%	-0.82%
ROIC Less NNEP Spread (ROIC-NNEP)	-23.28%	-7.64%	4.49%	6.46%	5.03%	-5.95%	3.98%	21.01%	5.46%	-18.95%	-4.20%
Return on Net Nonoperating Assets (RNNOA)	-0.89%	-0.79%	1.28%	2.06%	1.24%	-1.71%	1.07%	4.93%	1.42%	-5.25%	-1.07%
Return on Equity (ROE)	11.40%	11.13%	11.42%	12.83%	10.55%	-3.40%	10.51%	11.99%	9.93%	-1.64%	-1.88%
Cash Return on Invested Capital (CROIC)	-27.45%	-25.35%	10.95%	10.35%	3.58%	6.47%	6.59%	12.54%	4.03%	9.20%	10.01%
Operating Return on Assets (OROA)	3.27%	8.66%	3.75%	4.45%	3.93%	-0.73%	3.42%	8.57%	4.31%	-4.86%	-0.33%
Return on Assets (ROA)	2.29%	1.26%	1.39%	1.87%	1.86%	-1.79%	1.56%	6.36%	2.05%	-6.20%	-1.33%
Return on Common Equity (ROCE)	11.37%	11.10%	11.39%	12.79%	10.52%	-3.39%	10.48%	11.96%	9.90%	-1.63%	-1.87%
Return on Equity Simple (ROE_SIMPLE)	5.70%	0.00%	5.59%	6.02%	5.56%	0.00%	2.99%	6.63%	6.56%	0.00%	1.01%
Net Operating Profit after Tax (NOPAT)	70	60	54	57	56	-11	56	41	51	21	-4.62
NOPAT Margin	0.45%	0.44%	0.44%	0.52%	0.46%	-0.09%	0.52%	0.38%	0.49%	0.21%	-0.05%
Net Nonoperating Expense Percent (NNEP)	35.57%	19.56%	5.65%	4.30%	4.28%	4.26%	5.46%	-13.95%	3.05%	22.57%	3.39%
Return On Investment Capital (ROIC_SIMPLE)	-	2.13%	-	-	-	-0.38%	-	-	-	0.74%	-0.16%
Cost of Revenue to Revenue	97.94%	97.97%	97.90%	97.43%	97.70%	98.06%	97.68%	97.76%	97.44%	97.35%	97.56%
SG&A Expenses to Revenue	0.52%	-0.32%	0.63%	0.74%	0.62%	0.60%	0.69%	0.66%	0.68%	0.79%	0.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	1.42%	1.47%	1.59%	1.88%	1.70%	2.06%	1.74%	1.82%	1.87%	2.35%	2.51%
Earnings before Interest and Taxes (EBIT)	63	144	61	73	75	-14	59	144	74	-79	-5.30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	89	171	87	99	101	12	85	169	99	-48	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.72	0.81	0.76	0.64	0.67	0.69	0.81	0.76	0.89	0.82	0.84
Price to Tangible Book Value (P/TBV)	3.72	3.87	3.42	3.10	3.08	3.30	3.21	2.66	3.06	3.16	3.31
Price to Revenue (P/Rev)	0.03	0.03	0.03	0.02	0.03	0.03	0.03	0.03	0.04	0.04	0.04
Price to Earnings (P/E)	13.49	14.12	13.14	10.29	11.54	25.28	27.51	11.38	13.58	23.70	85.15
Dividend Yield	2.23%	2.00%	2.11%	2.78%	2.56%	2.52%	2.78%	2.40%	2.10%	2.47%	2.40%
Earnings Yield	7.41%	7.08%	7.61%	9.72%	8.67%	3.96%	3.64%	8.79%	7.36%	4.22%	1.17%
Enterprise Value to Invested Capital (EV/IC)	0.77	0.85	0.80	0.72	0.74	0.76	0.85	0.80	0.91	0.86	0.87
Enterprise Value to Revenue (EV/Rev)	0.03	0.04	0.03	0.03	0.04	0.04	0.05	0.04	0.05	0.05	0.05
Enterprise Value to EBITDA (EV/EBITDA)	7.77	5.95	7.09	5.49	5.37	6.45	12.73	7.98	9.88	6.91	8.51
Enterprise Value to EBIT (EV/EBIT)	13.63	8.46	11.30	8.02	7.71	9.92	33.09	13.97	17.34	10.64	15.33
Enterprise Value to NOPAT (EV/NOPAT)	10.08	9.92	8.47	7.70	8.19	12.09	13.20	12.47	15.83	14.04	27.57
Enterprise Value to Operating Cash Flow (EV/OCF)	10.19	15.62	5.73	5.20	10.59	7.11	9.02	7.25	16.26	8.09	7.72
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.27	6.95	21.32	11.75	12.94	6.15	22.90	9.17	8.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.42	0.35	0.45	0.44	0.46	0.45	0.43	0.43	0.45	0.46
Long-Term Debt to Equity	0.36	0.42	0.35	0.42	0.41	0.42	0.41	0.39	0.39	0.41	0.41
Financial Leverage	0.04	0.10	0.28	0.32	0.25	0.29	0.27	0.23	0.26	0.28	0.25
Leverage Ratio	3.49	3.61	3.90	4.06	3.94	3.94	3.69	3.54	3.59	3.61	3.54
Compound Leverage Factor	3.49	0.69	1.71	2.25	2.44	12.85	1.89	2.86	2.42	4.60	18.77
Debt to Total Capital	26.72%	29.82%	26.02%	30.88%	30.71%	31.29%	31.09%	30.14%	30.10%	31.05%	31.31%
Short-Term Debt to Total Capital	0.59%	0.56%	0.00%	2.17%	2.21%	2.78%	2.85%	2.79%	2.90%	2.96%	3.09%
Long-Term Debt to Total Capital	26.13%	29.26%	26.02%	28.71%	28.50%	28.51%	28.24%	27.35%	27.20%	28.09%	28.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.22%	0.21%	0.21%	0.22%	0.24%	0.24%	0.23%	0.17%	0.22%	0.25%	0.25%
Common Equity to Total Capital	73.06%	69.98%	73.77%	68.91%	69.06%	68.47%	68.68%	69.68%	69.68%	68.70%	68.43%
Debt to EBITDA	3.02	2.33	2.48	2.62	2.52	2.97	5.23	3.68	3.72	2.90	3.67
Net Debt to EBITDA	1.83	1.51	1.72	1.74	1.55	1.95	3.33	1.48	2.15	1.64	1.76
Long-Term Debt to EBITDA	2.95	2.28	2.48	2.43	2.34	2.71	4.75	3.34	3.37	2.62	3.31
Debt to NOPAT	3.91	3.88	2.96	3.67	3.85	5.57	5.42	5.75	5.97	5.88	11.88
Net Debt to NOPAT	2.37	2.51	2.06	2.44	2.37	3.66	3.45	2.32	3.44	3.33	5.71
Long-Term Debt to NOPAT	3.83	3.80	2.96	3.41	3.57	5.08	4.93	5.22	5.39	5.32	10.71
Altman Z-Score	7.49	7.88	8.54	8.28	7.26	7.06	7.12	7.17	7.14	6.94	6.89
Noncontrolling Interest Sharing Ratio	0.26%	0.26%	0.25%	0.27%	0.32%	0.32%	0.30%	0.28%	0.33%	0.35%	0.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.11	1.14	1.11	1.13	1.12	1.11	1.14	1.15	1.16	1.15	1.15
Quick Ratio	0.76	0.78	0.77	0.77	0.78	0.75	0.78	0.82	0.80	0.82	0.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-662	-704	94	83	-84	-6.18	60	199	5.32	100	165
Operating Cash Flow to CapEx	1,397.30%	-405.36%	760.64%	157.04%	375.23%	22.84%	629.71%	465.07%	-211.54%	672.07%	752.63%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	8.16	8.37	7.65	6.73	6.42	6.14	6.30	6.52	6.14	5.98	5.91
Accounts Receivable Turnover	21.17	20.90	18.18	16.49	16.38	15.83	16.27	18.23	16.58	16.32	16.52
Inventory Turnover	92.55	92.15	89.33	71.21	70.17	64.59	70.89	75.30	68.14	69.84	68.49
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	93.00	0.00	0.00	81.99	83.32
Accounts Payable Turnover	20.52	19.55	17.42	15.61	14.84	14.08	14.61	15.89	14.36	14.13	14.44
Days Sales Outstanding (DSO)	17.24	17.46	20.08	22.13	22.29	23.06	22.43	20.02	22.02	22.37	22.10
Days Inventory Outstanding (DIO)	3.94	3.96	4.09	5.13	5.20	5.65	5.15	4.85	5.36	5.23	5.33
Days Payable Outstanding (DPO)	17.79	18.67	20.95	23.39	24.59	25.92	24.99	22.98	25.41	25.84	25.28
Cash Conversion Cycle (CCC)	3.40	2.75	3.22	3.87	2.90	2.79	2.59	1.90	1.97	1.76	2.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,375	2,538	2,524	2,549	2,515	2,533	2,521	2,392	2,560	2,454	2,351
Invested Capital Turnover	27.44	27.39	23.25	20.69	20.28	18.82	18.31	18.69	17.50	16.91	16.70
Increase / (Decrease) in Invested Capital	732	765	-40	-26	140	-4.60	-3.20	-157	46	-80	-170
Enterprise Value (EV)	1,826	2,164	2,024	1,842	1,863	1,928	2,151	1,906	2,342	2,103	2,039
Market Capitalization	1,391	1,611	1,527	1,252	1,317	1,337	1,582	1,546	1,827	1,598	1,609
Book Value per Share	$31.33	$32.06	$32.37	$31.53	$32.70	$32.27	$32.59	$33.91	$34.60	$33.56	$33.85
Tangible Book Value per Share	$6.03	$6.71	$7.21	$6.51	$7.11	$6.73	$8.23	$9.70	$10.09	$8.71	$8.57
Total Capital	2,655	2,836	2,722	2,843	2,850	2,838	2,842	2,917	2,934	2,837	2,807
Total Debt	709	846	708	878	875	888	884	879	883	881	879
Total Long-Term Debt	694	830	708	816	812	809	803	798	798	797	792
Net Debt	429	547	492	584	540	584	562	355	509	498	423
Capital Expenditures (CapEx)	19	22	19	28	21	20	18	15	18	18	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	216	347	244	241	205	229	290	134	299	223	118
Debt-free Net Working Capital (DFNWC)	497	645	460	535	540	533	611	658	673	605	574
Net Working Capital (NWC)	481	630	460	473	477	454	530	577	588	521	488
Net Nonoperating Expense (NNE)	26	39	32	27	21	24	29	-65	16	122	17
Net Nonoperating Obligations (NNO)	429	547	510	584	540	584	562	355	509	498	423
Total Depreciation and Amortization (D&A)	27	28	26	26	26	27	25	25	26	31	26
Debt-free, Cash-free Net Working Capital to Revenue	0.39%	0.59%	0.41%	0.45%	0.41%	0.48%	0.63%	0.29%	0.67%	0.53%	0.29%
Debt-free Net Working Capital to Revenue	0.90%	1.09%	0.78%	1.01%	1.09%	1.12%	1.32%	1.43%	1.51%	1.44%	1.41%
Net Working Capital to Revenue	0.87%	1.07%	0.78%	0.89%	0.96%	0.95%	1.15%	1.25%	1.32%	1.24%	1.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.69	$0.33	$0.37	$0.48	$0.58	($0.57)	$0.46	$1.81	$0.57	($1.70)	($0.37)
Adjusted Weighted Average Basic Shares Outstanding	62M	62.30M	62.20M	62.30M	60.30M	61.40M	59.90M	59.80M	58.80M	59M	56.80M
Adjusted Diluted Earnings per Share	$0.68	$0.34	$0.36	$0.48	$0.58	($0.56)	$0.45	$1.81	$0.57	($1.70)	($0.37)
Adjusted Weighted Average Diluted Shares Outstanding	62.30M	62.70M	62.80M	62.50M	60.40M	61.70M	60.30M	60M	59.20M	59.50M	56.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	61.92M	62.04M	62.13M	60.20M	60.20M	59.85M	59.94M	59.09M	58.08M	56.75M	56.63M
Normalized Net Operating Profit after Tax (NOPAT)	70	60	54	57	56	17	57	49	52	40	37
Normalized NOPAT Margin	0.44%	0.44%	0.44%	0.52%	0.46%	0.14%	0.52%	0.44%	0.49%	0.41%	0.39%
Pre Tax Income Margin	0.40%	0.20%	0.21%	0.37%	0.38%	-0.39%	0.28%	1.06%	0.47%	-1.04%	-0.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.06%	26.75%	28.70%	28.24%	31.32%	63.31%	57.98%	26.13%	27.50%	56.70%	205.15%
Augmented Payout Ratio	94.75%	68.77%	28.70%	70.65%	76.99%	175.23%	57.98%	55.23%	77.79%	203.98%	772.16%

Frequently Asked Questions About World Kinect's Financials

When does World Kinect's financial year end?

According to the most recent income statement we have on file, World Kinect's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has World Kinect's net income changed over the last 9 years?

World Kinect's net income appears to be on a downward trend, with a most recent value of $67.90 million in 2024, falling from $221.10 million in 2014. The previous period was $53.70 million in 2023. Check out World Kinect's forecast to explore projected trends and price targets.

What is World Kinect's operating income?

World Kinect's total operating income in 2024 was $210.60 million, based on the following breakdown:

Total Gross Profit: $1.03 billion
Total Operating Expenses: $815.70 million

How has World Kinect revenue changed over the last 9 years?

Over the last 9 years, World Kinect's total revenue changed from $43.39 billion in 2014 to $42.17 billion in 2024, a change of -2.8%.

How much debt does World Kinect have?

World Kinect's total liabilities were at $4.78 billion at the end of 2024, a 12.0% decrease from 2023, and a 58.3% increase since 2014.

How much cash does World Kinect have?

In the past 10 years, World Kinect's cash and equivalents has ranged from $186.10 million in 2019 to $698.60 million in 2016, and is currently $382.90 million as of their latest financial filing in 2024.

How has World Kinect's book value per share changed over the last 10 years?

Over the last 10 years, World Kinect's book value per share changed from 25.75 in 2014 to 33.56 in 2024, a change of 30.3%.

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This page (NYSE:WKC) was last updated on 6/11/2025 by MarketBeat.com Staff

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