World Kinect (WKC) Financials

$27.34 -0.37 (-1.34%)

As of 11:23 AM 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	2024	2023	2022	2021	2020	2019	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	67	53	114	74	110	179	-170	127	175	225
Consolidated Net Income / (Loss)	68	54	116	74	110	181	-170	126	171	221
Net Income / (Loss) Continuing Operations	68	54	116	74	110	181	-170	126	171	221
Total Pre-Tax Income	96	67	145	100	162	237	-21	142	218	275
Total Operating Income	211	198	273	143	138	300	46	189	246	277
Total Gross Profit	1,026	1,058	1,089	788	485	1,112	504	486	495	496
Total Revenue	42,168	47,711	59,043	31,337	20,358	36,819	33,696	27,016	30,381	43,392
Operating Revenue	42,168	47,711	59,043	31,337	20,358	36,819	33,696	27,016	30,381	43,392
Total Cost of Revenue	41,142	46,652	57,954	30,549	19,873	35,707	33,192	26,530	29,886	42,896
Operating Cost of Revenue	41,142	46,652	57,954	30,549	19,873	35,707	33,192	26,530	29,886	42,893
Total Operating Expenses	816	860	816	646	347	812	458	297	250	219
Selling, General & Admin Expense	297	308	309	248	311	322	307	297	250	219
Other Operating Expenses / (Income)	483	512	507	387	-	470	-	-	-	-
Impairment Charge	29	33	0.60	4.70	26	-	92	0.00	0.00	-
Restructuring Charge	7.10	7.20	-0.80	6.60	10	20	60	0.00	0.00	-
Total Other Income / (Expense), net	-115	-131	-128	-43	24	-62	-67	-47	-28	-1.90
Interest & Investment Income	-102	-128	-111	-	-	-	-	-	-	-
Other Income / (Expense), net	-13	-3.60	-18	-43	24	-62	-67	-47	-28	-1.90
Income Tax Expense	28	13	29	26	52	56	149	16	47	54
Net Income / (Loss) Attributable to Noncontrolling Interest	0.50	0.80	1.70	0.50	0.10	2.20	-0.10	0.00	-3.90	-3.30
Basic Earnings per Share	$1.14	$0.86	$1.83	$1.17	$1.72	$2.71	($2.50)	$1.82	$2.49	$3.17
Weighted Average Basic Shares Outstanding	59M	61.40M	62.30M	62.90M	63.70M	66.10M	68.10M	69.30M	70.20M	70.80M
Diluted Earnings per Share	$1.13	$0.86	$1.82	$1.16	$1.71	$2.69	($2.50)	$1.81	$2.47	$3.15
Weighted Average Diluted Shares Outstanding	59.50M	61.70M	62.70M	63.30M	64M	66.50M	68.10M	69.80M	70.70M	71.30M
Weighted Average Basic & Diluted Shares Outstanding	56.75M	59.85M	62.04M	63.44M	63.12M	65.41M	68.10M	69.50M	65.60M	70.80M
Cash Dividends to Common per Share	$0.68	$0.56	$0.52	$0.48	$0.40	$0.36	$0.24	$0.24	$0.24	$0.15

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About World Kinect's Financials

When does World Kinect's fiscal year end?

According to the most recent income statement we have on file, World Kinect's financial year ends in December. Their financial 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. See World Kinect's forecast for analyst expectations on what’s next for the company.

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 5/21/2025 by MarketBeat.com Staff

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World Kinect (WKC) Financials

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