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World Kinect (WKC) Financials

World Kinect logo
$28.45 +0.41 (+1.47%)
As of 02:44 PM Eastern
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Annual Income Statements for World Kinect

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 225 175 127 -170 179 110 74 114 53 67 -614
Consolidated Net Income / (Loss)		 221 171 126 -170 181 110 74 116 54 68 -612
Net Income / (Loss) Continuing Operations		 221 171 126 -170 181 110 74 116 54 68 -612
Total Pre-Tax Income 		275 218 142 -21 237 162 100 145 67 96 -740
Total Operating Income		 277 246 189 46 300 138 143 273 198 211 -565
Total Gross Profit		 496 495 486 504 1,112 485 788 1,089 1,058 1,026 948
Total Revenue		 43,392 30,381 27,016 33,696 36,819 20,358 31,337 59,043 47,711 42,168 36,917
Operating Revenue		 43,392 30,381 27,016 33,696 36,819 20,358 31,337 59,043 47,711 42,168 36,917
Total Cost of Revenue		 42,896 29,886 26,530 33,192 35,707 19,873 30,549 57,954 46,652 41,142 35,969
Operating Cost of Revenue		 42,893 29,886 26,530 33,192 35,707 19,873 30,549 57,954 46,652 41,142 35,969
Total Operating Expenses		 219 250 297 458 812 347 646 816 860 816 1,513
Selling, General & Admin Expense		 219 250 297 307 322 311 248 309 308 297 283
Other Operating Expenses / (Income)		 - - - - 470 - 387 507 512 483 437
Impairment Charge		 - 0.00 0.00 92 - 26 4.70 0.60 33 29 690
Restructuring Charge		 - 0.00 0.00 60 20 10 6.60 -0.80 7.20 7.10 103
Total Other Income / (Expense), net		 -1.90 -28 -47 -67 -62 24 -43 -128 -131 -115 -175
Interest & Investment Income		 - - - - - - - -111 -128 -102 -101
Other Income / (Expense), net		 -1.90 -28 -47 -67 -62 24 -43 -18 -3.60 -13 -74
Income Tax Expense		 54 47 16 149 56 52 26 29 13 28 -128
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 2.70
Basic Earnings per Share		 $3.17 $2.49 $1.82 ($2.50) $2.71 $1.72 $1.17 $1.83 $0.86 $1.14 ($10.99)
Weighted Average Basic Shares Outstanding		 70.80M 70.20M 69.30M 68.10M 66.10M 63.70M 62.90M 62.30M 61.40M 59M 55.90M
Diluted Earnings per Share		 $3.15 $2.47 $1.81 ($2.50) $2.69 $1.71 $1.16 $1.82 $0.86 $1.13 ($10.99)
Weighted Average Diluted Shares Outstanding		 71.30M 70.70M 69.80M 68.10M 66.50M 64M 63.30M 62.70M 61.70M 59.50M 55.90M
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 51.28M
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 $0.77

Quarterly Income Statements for World Kinect

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 35 -35 27 108 34 -102 -21 -339 26 -280 26
Consolidated Net Income / (Loss)		 36 -35 27 107 35 -101 -21 -339 28 -279 26
Net Income / (Loss) Continuing Operations		 36 -35 27 107 35 -101 -21 -339 28 -280 26
Total Pre-Tax Income 		46 -47 31 117 50 -101 -28 -449 39 -302 32
Total Operating Income		 73 -15 63 45 72 30 -6.60 -345 63 -276 56
Total Gross Profit		 281 232 254 245 268 259 230 232 250 235 271
Total Revenue		 12,245 12,003 10,951 10,965 10,491 9,761 9,453 9,043 9,392 9,029 9,685
Operating Revenue		 12,245 12,003 10,951 10,965 10,491 9,761 9,453 9,043 9,392 9,029 9,685
Total Cost of Revenue		 11,964 11,771 10,697 10,720 10,223 9,502 9,222 8,811 9,142 8,794 9,414
Operating Cost of Revenue		 11,964 11,771 10,697 10,720 10,223 9,502 9,222 8,811 9,142 8,794 9,414
Total Operating Expenses		 208 248 191 200 196 229 237 577 187 511 215
Selling, General & Admin Expense		 76 72 75 73 72 77 72 67 70 73 77
Other Operating Expenses / (Income)		 132 136 116 119 123 125 105 106 112 114 131
Impairment Charge		 0.00 33 0.00 2.40 1.20 25 45 399 0.00 247 0.00
Restructuring Charge		 0.00 7.20 0.20 5.60 0.00 1.30 15 6.00 4.90 77 6.70
Total Other Income / (Expense), net		 -27 -31 -33 71 -23 -131 -22 -104 -24 -26 -24
Interest & Investment Income		 -29 -32 -29 -28 -24 -22 -23 -26 -26 -26 -26
Other Income / (Expense), net		 1.60 1.10 -3.90 99 1.30 -109 1.30 -78 1.80 0.60 2.20
Income Tax Expense		 11 -12 3.30 9.70 15 - -6.80 -110 11 -22 6.60
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.60 -0.10 -0.20 -1.40 1.50 0.60 -0.20 0.30 2.40 0.20 -0.70
Basic Earnings per Share		 $0.58 ($0.57) $0.46 $1.81 $0.57 ($1.70) ($0.37) ($6.06) $0.46 ($5.02) $0.51
Weighted Average Basic Shares Outstanding		 60.30M 61.40M 59.90M 59.80M 58.80M 59M 56.80M 56M 55.60M 55.90M 51.70M
Diluted Earnings per Share		 $0.58 ($0.56) $0.45 $1.81 $0.57 ($1.70) ($0.37) ($6.06) $0.46 ($5.02) $0.50
Weighted Average Diluted Shares Outstanding		 60.40M 61.70M 60.30M 60M 59.20M 59.50M 56.80M 56M 55.90M 55.90M 52M
Weighted Average Basic & Diluted Shares Outstanding		 60.20M 59.85M 59.94M 59.09M 58.08M 56.75M 56.63M 55.54M 55.56M 51.28M 51.36M
Cash Dividends to Common per Share		 $0.14 - $0.17 $0.17 $0.17 - $0.17 $0.20 $0.20 - $0.20

Annual Cash Flow Statements for World Kinect

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents		 280 116 -337 -154 -26 473 -6.60 -354 5.90 79 -189
Net Cash From Operating Activities		 448 51 -134 -183 229 604 173 139 271 260 293
Net Cash From Continuing Operating Activities		 448 51 -134 -183 229 604 173 139 271 260 293
Net Income / (Loss) Continuing Operations		 171 126 -170 129 181 110 74 116 54 68 -612
Consolidated Net Income / (Loss)		 171 126 -170 129 181 110 74 116 54 68 -612
Depreciation Expense		 66 82 86 82 87 86 81 108 105 106 98
Non-Cash Adjustments To Reconcile Net Income		 12 15 146 51 57 8.70 74 114 103 168 897
Changes in Operating Assets and Liabilities, net		 200 -173 -196 -444 -97 400 -55 -199 10 -82 -91
Net Cash From Investing Activities		 -145 -274 159 286 -51 73 -58 -725 -101 65 -170
Net Cash From Continuing Investing Activities		 -145 -274 159 286 -51 73 -58 -725 -101 65 -170
Purchase of Property, Plant & Equipment		 -51 -36 -54 -72 -81 -51 -39 -79 -88 -68 -66
Acquisitions		 -97 -431 -121 -21 0.00 -129 -37 -644 -14 -40 -154
Divestitures		 - - 0.00 0.00 31 260 25 0.00 9.30 209 23
Other Investing Activities, net		 3.20 193 333 380 -0.40 -6.90 -7.10 -2.50 -9.10 -36 26
Net Cash From Financing Activities		 -17 341 -362 -257 -205 -213 -114 237 -152 -231 -315
Net Cash From Continuing Financing Activities		 -17 341 -362 -257 -205 -213 -114 237 -152 -231 -316
Repayment of Debt		 -4,763 -4,289 -4,756 -6,409 -5,120 -2,215 -25 -6,616 -6,237 -3,884 -3,784
Repurchase of Common Equity		 -71 -41 -62 -20 -65 -68 -51 -49 -60 -100 -85
Payment of Dividends		 -15 -17 -16 -16 -21 -26 -29 -31 -34 -39 -41
Issuance of Debt		 4,831 4,688 4,473 6,188 5,002 2,095 0.30 6,945 6,272 3,844 3,602
Issuance of Common Equity		 - - - - - - 0.00 0.00 40 0.00 0.00
Other Financing Activities, net		 - - - - - - -9.70 -12 -133 -52 -7.80
Effect of Exchange Rate Changes		 -5.50 -1.50 - - 1.00 8.80 -7.80 -4.70 -12 -15 3.40

Quarterly Cash Flow Statements for World Kinect

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 42 -31 29 191 -151 9.20 74 -53 70 -280 -42
Net Cash From Operating Activities		 80 4.50 110 68 -39 120 114 28 116 34 -46
Net Cash From Continuing Operating Activities		 80 4.70 110 68 -38 120 114 28 116 34 -46
Net Income / (Loss) Continuing Operations		 36 -35 27 107 35 -101 -21 -339 28 -280 26
Consolidated Net Income / (Loss)		 36 -35 27 107 35 -101 -21 -339 28 -280 26
Depreciation Expense		 26 27 25 25 26 31 26 24 24 25 20
Non-Cash Adjustments To Reconcile Net Income		 23 48 38 -74 28 176 75 496 33 292 14
Changes in Operating Assets and Liabilities, net		 -4.10 -35 20 11 -126 14 35 -153 31 -3.70 -106
Net Cash From Investing Activities		 -21 -24 -17 181 -65 -34 -5.80 1.00 - -165 -12
Net Cash From Continuing Investing Activities		 -21 -24 -17 181 -65 -34 -5.80 1.00 - -165 -12
Purchase of Property, Plant & Equipment		 -21 -20 -18 -15 -18 -18 -15 -15 -14 -21 -14
Other Investing Activities, net		 0.10 0.40 0.60 -5.10 -46 15 9.40 -7.50 14 9.90 2.20
Net Cash From Financing Activities		 -11 -12 -64 -50 -48 -68 -32 -99 -33 -151 15
Net Cash From Continuing Financing Activities		 -11 -12 -64 -50 -48 -68 -33 -99 -33 -152 16
Repayment of Debt		 -833 -1,864 -944 -957 -871 -1,112 -824 -867 -599 -1,495 -1,414
Repurchase of Common Equity		 - -10 0.00 - -28 -43 -10 -35 - -40 -75
Payment of Dividends		 -8.40 -8.30 -8.40 -10 -10 -9.90 -9.70 -9.50 -11 -11 -11
Issuance of Debt		 830 1,871 939 946 862 1,097 811 813 577 1,401 1,515
Effect of Exchange Rate Changes		 -6.20 -0.20 - - 0.60 -8.80 -2.70 16 -13 2.90 0.50

Annual Balance Sheets for World Kinect

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 4,525 5,413 5,588 5,677 5,992 4,500 5,942 8,165 7,375 6,732 5,864
Total Current Assets		 3,246 3,837 3,940 3,975 4,170 2,639 4,020 5,238 4,504 3,959 3,501
Cash & Equivalents		 583 699 372 212 186 659 652 298 304 383 194
Accounts Receivable		 1,800 2,344 2,706 2,740 2,892 1,238 2,355 3,294 2,736 2,433 2,209
Inventories, net		 359 458 505 523 593 344 478 780 665 514 454
Prepaid Expenses		 58 47 64 66 81 51 59 84 78 71 87
Other Current Assets		 428 290 293 435 418 347 475 782 722 559 558
Plant, Property, & Equipment, net		 226 311 330 350 0.00 0.00 0.00 0.00 515 513 348
Total Noncurrent Assets		 1,054 1,265 1,318 1,352 1,822 1,861 1,923 2,927 2,356 2,259 2,015
Goodwill		 676 836 846 853 844 859 862 1,233 1,238 1,182 738
Intangible Assets		 - - - - - - 189 336 300 261 312
Other Noncurrent Operating Assets		 341 429 472 499 979 1,002 872 1,357 819 816 966
Total Liabilities & Shareholders' Equity		 4,525 5,413 5,588 5,677 5,992 4,500 5,942 8,165 7,375 6,732 5,864
Total Liabilities		 2,619 3,473 3,850 3,845 4,099 2,587 4,026 6,174 5,426 4,776 4,556
Total Current Liabilities		 1,754 2,183 2,719 2,936 3,162 1,684 3,097 4,609 4,050 3,438 3,310
Short-Term Debt		 26 15 26 41 54 23 31 16 79 84 12
Accounts Payable		 1,350 1,770 2,240 2,400 2,603 1,215 2,400 3,530 3,098 2,727 2,587
Accrued Expenses		 255 306 345 377 379 240 293 738 745 536 659
Other Current Liabilities		 - - - - - 51 168 325 128 92 53
Total Noncurrent Liabilities		 865 1,290 1,131 909 936 903 929 1,565 1,376 1,338 1,246
Long-Term Debt		 747 1,171 885 660 575 502 478 830 809 797 685
Other Noncurrent Operating Liabilities		 - 35 44 55 151 186 237 735 567 541 560
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		 1,906 1,940 1,738 1,832 1,894 1,913 1,917 1,991 1,950 1,956 1,308
Total Preferred & Common Equity		 1,896 1,925 1,722 1,815 1,890 1,909 1,913 1,985 1,943 1,949 1,299
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		 1,896 1,925 1,722 1,816 1,890 1,909 1,913 1,985 1,943 1,949 1,299
Common Stock		 436 401 356 341 275 205 169 183 110 31 0.50
Retained Earnings		 1,569 1,679 1,493 1,606 1,761 1,837 1,881 1,963 1,982 2,009 1,316
Accumulated Other Comprehensive Income / (Loss)		 -110 -155 -127 -132 -146 -133 -137 -161 -149 -91 -17
Noncontrolling Interest		 10 15 16 16 3.50 3.60 4.10 5.90 6.70 7.20 8.80

Quarterly Balance Sheets for World Kinect

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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 7,970 7,486 6,962 7,483 7,174 7,189 6,985 6,589 6,054 6,060 6,803
Total Current Assets		 5,049 4,614 4,045 4,591 4,393 4,396 4,171 3,830 3,571 3,638 4,391
Cash & Equivalents		 280 217 294 336 321 525 374 456 403 474 151
Accounts Receivable		 3,173 2,997 2,473 2,882 2,679 2,592 2,476 2,246 2,143 2,079 2,843
Inventories, net		 728 619 553 654 655 647 620 504 475 501 739
Prepaid Expenses		 86 81 85 93 74 83 90 71 76 80 101
Other Current Assets		 783 700 641 627 664 549 611 553 474 504 557
Plant, Property, & Equipment, net		 0.00 497 0.00 0.00 496 495 506 480 451 448 347
Total Noncurrent Assets		 2,921 2,375 2,917 2,892 2,286 2,298 2,308 2,279 2,032 1,975 2,065
Goodwill		 1,221 1,234 1,237 1,232 1,175 1,175 1,182 1,186 826 826 740
Intangible Assets		 345 327 318 309 284 276 266 249 248 239 305
Other Noncurrent Operating Assets		 1,355 814 1,362 1,351 826 848 860 844 958 910 1,020
Total Liabilities & Shareholders' Equity		 7,970 7,486 6,962 7,483 7,174 7,189 6,985 6,589 6,054 6,060 6,803
Total Liabilities		 6,025 5,472 4,997 5,508 5,216 5,152 4,934 4,661 4,449 4,434 5,591
Total Current Liabilities		 4,568 4,154 3,572 4,114 3,862 3,819 3,583 3,342 3,149 3,153 4,201
Short-Term Debt		 16 - 62 63 81 81 85 87 43 29 9.10
Accounts Payable		 3,238 3,213 2,709 3,293 2,966 2,976 2,751 2,530 2,536 2,523 3,413
Accrued Expenses		 469 669 590 608 681 660 657 617 496 540 703
Other Current Liabilities		 524 253 212 151 135 101 90 109 74 62 75
Total Noncurrent Liabilities		 1,456 1,318 1,425 1,394 1,354 1,333 1,350 1,319 1,300 1,281 1,390
Long-Term Debt		 694 708 816 812 803 798 798 792 775 767 790
Other Noncurrent Operating Liabilities		 557 610 608 582 551 535 552 526 525 514 601
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,946 2,014 1,965 1,975 1,959 2,037 2,051 1,928 1,605 1,627 1,212
Total Preferred & Common Equity		 1,940 2,008 1,959 1,968 1,952 2,032 2,044 1,921 1,599 1,618 1,204
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		 1,940 2,008 1,959 1,968 1,952 2,032 2,044 1,921 1,599 1,618 1,204
Common Stock		 181 189 108 114 115 88 65 24 0.60 5.80 0.50
Retained Earnings		 1,950 1,977 1,998 2,025 1,999 2,097 2,121 1,979 1,616 1,631 1,263
Accumulated Other Comprehensive Income / (Loss)		 -191 -157 -147 -170 -162 -152 -141 -81 -18 -19 -60
Noncontrolling Interest		 5.90 5.70 6.20 6.70 6.50 5.10 6.60 7.00 6.20 8.60 8.10

Annual Metrics And Ratios for World Kinect

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -29.98% -11.08% 24.73% 0.00% 0.00% -44.71% 53.93% 88.41% -19.19% -11.62% -12.45%
EBITDA Growth		 -14.69% -20.76% -71.09% 310.48% 21.88% -23.75% -26.86% 100.72% -17.77% 1.74% -277.84%
EBIT Growth		 -20.74% -34.71% -114.84% 976.30% 28.34% -31.82% -38.13% 155.44% -23.97% 1.70% -423.22%
NOPAT Growth		 -13.60% -12.68% -81.00% -50.77% 26.24% -59.13% 13.20% 106.24% -26.95% -6.07% -363.99%
Net Income Growth		 -22.89% -25.87% -234.73% 175.75% 40.39% -39.48% -32.30% 56.20% -53.67% 26.44% -1,000.88%
EPS Growth		 -21.59% -26.72% -238.12% 175.60% 42.33% -36.43% -32.16% 56.90% -52.75% 31.40% -1,072.57%
Operating Cash Flow Growth		 217.15% -88.67% -363.51% -36.60% 225.37% 164.03% -71.33% -20.03% 95.88% -4.20% 12.70%
Free Cash Flow Firm Growth		 319.46% -152.93% 188.30% -73.79% 56.16% 206.06% -82.91% -590.96% 130.01% 39.83% 7.66%
Invested Capital Growth		 -8.92% 18.34% -6.26% 1.97% 0.69% -23.88% -0.31% 43.12% -0.18% -3.14% -26.17%
Revenue Q/Q Growth		 -9.13% 4.08% 3.31% 0.00% 0.00% -18.61% 20.08% 7.14% -3.78% -5.05% -1.94%
EBITDA Q/Q Growth		 -8.44% -18.72% -68.43% 209.05% 4.95% -19.97% 15.13% 54.75% -13.91% 28.26% -59.53%
EBIT Q/Q Growth		 -11.82% -28.65% -117.94% 3,388.68% 6.56% -26.42% 28.99% 90.82% -19.57% 46.34% -44.21%
NOPAT Q/Q Growth		 -6.06% -14.07% -20.61% 112.83% 9.38% -33.61% 19.74% 20.45% -29.90% 1.18% -118.03%
Net Income Q/Q Growth		 -13.01% -25.03% -767.84% 236.36% 17.52% -35.57% 34.91% 4.89% -50.96% -49.40% -41.11%
EPS Q/Q Growth		 -12.10% -25.21% -814.29% 236.96% 17.98% -34.73% 33.33% 5.81% -51.14% -50.22% -43.29%
Operating Cash Flow Q/Q Growth		 32.71% -85.20% 62.96% 29.40% -24.29% 9.70% -48.57% -22.71% 54.15% 80.36% -22.72%
Free Cash Flow Firm Q/Q Growth		 41.80% -397.67% 171.28% 110.88% -19.11% 9.57% -65.19% 0.86% 87.64% 124.20% -42.70%
Invested Capital Q/Q Growth		 -3.13% 8.21% -10.45% -2.54% 0.40% -5.06% 7.98% 6.88% 0.75% -4.16% -7.01%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 1.63% 1.80% 1.50% 0.00% 3.02% 2.38% 2.52% 1.84% 2.22% 2.43% 2.57%
EBITDA Margin		 0.93% 0.83% 0.19% 0.00% 0.88% 1.22% 0.58% 0.62% 0.63% 0.72% -1.46%
Operating Margin		 0.81% 0.70% 0.14% 0.00% 0.81% 0.68% 0.46% 0.46% 0.42% 0.50% -1.53%
EBIT Margin		 0.72% 0.53% -0.06% 0.00% 0.64% 0.79% 0.32% 0.43% 0.41% 0.47% -1.73%
Profit (Net Income) Margin		 0.56% 0.47% -0.51% 0.00% 0.49% 0.54% 0.24% 0.20% 0.11% 0.16% -1.66%
Tax Burden Percent		 78.32% 88.95% 807.11% 69.77% 76.32% 67.78% 74.20% 79.88% 80.51% 71.10% 82.70%
Interest Burden Percent		 99.95% 99.93% 100.00% 100.00% 100.00% 99.94% 99.90% 56.75% 34.31% 48.31% 115.76%
Effective Tax Rate		 21.68% 11.05% 0.00% 30.23% 23.68% 32.22% 25.80% 20.12% 19.49% 28.90% 0.00%
Return on Invested Capital (ROIC)		 8.94% 7.50% 1.36% 0.00% 9.82% 4.54% 5.96% 10.12% 6.29% 6.00% -18.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.72% -5.64% -38.07% 0.00% -0.40% 14.99% 28.73% -40.56% -12.40% -9.13% -61.75%
Return on Net Nonoperating Assets (RNNOA)		 0.10% -0.93% -10.62% 0.00% -0.10% 1.22% -2.08% -4.19% -3.56% -2.53% -18.95%
Return on Equity (ROE)		 9.04% 6.57% -9.26% 7.23% 9.72% 5.76% 3.88% 5.93% 2.73% 3.48% -37.48%
Cash Return on Invested Capital (CROIC)		 18.28% -9.29% 7.82% 5.93% 9.14% 31.65% 6.27% -25.35% 6.47% 9.20% 11.58%
Operating Return on Assets (OROA)		 4.63% 2.86% -0.38% 0.00% 4.07% 3.08% 1.92% 3.63% 2.50% 2.80% -10.15%
Return on Assets (ROA)		 3.63% 2.54% -3.10% 0.00% 3.10% 2.09% 1.42% 1.64% 0.69% 0.96% -9.71%
Return on Common Equity (ROCE)		 9.00% 6.53% -9.18% 7.16% 9.67% 5.75% 3.87% 5.92% 2.72% 3.46% -37.30%
Return on Equity Simple (ROE_SIMPLE)		 8.99% 6.57% -9.89% 7.11% 9.58% 5.74% 3.88% 5.84% 2.76% 3.48% 0.00%
Net Operating Profit after Tax (NOPAT)		 192 168 32 181 229 93 106 218 159 150 -395
NOPAT Margin		 0.63% 0.62% 0.09% 0.00% 0.62% 0.46% 0.34% 0.37% 0.33% 0.36% -1.07%
Net Nonoperating Expense Percent (NNEP)		 8.22% 13.14% 39.43% 10.16% 10.22% -10.45% -22.77% 50.68% 18.69% 15.13% 43.21%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 7.69% 5.62% 5.28% -19.72%
Cost of Revenue to Revenue		 98.37% 98.20% 98.50% 0.00% 96.98% 97.62% 97.48% 98.16% 97.78% 97.57% 97.43%
SG&A Expenses to Revenue		 0.82% 1.10% 0.91% 0.00% 0.88% 1.53% 0.79% 0.52% 0.65% 0.70% 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		 0.82% 1.10% 1.36% 0.00% 2.21% 1.70% 2.06% 1.38% 1.80% 1.93% 4.10%
Earnings before Interest and Taxes (EBIT)		 218 142 -21 185 237 162 100 256 194 198 -639
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 283 225 65 266 325 248 181 364 299 304 -541
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.27 1.50 0.99 0.78 1.37 0.96 0.83 0.81 0.69 0.82 1.00
Price to Tangible Book Value (P/TBV)		 1.98 2.65 1.95 1.47 2.48 1.75 1.83 3.87 3.30 3.16 5.21
Price to Revenue (P/Rev)		 0.08 0.11 0.05 0.00 0.07 0.09 0.05 0.03 0.03 0.04 0.04
Price to Earnings (P/E)		 13.83 22.78 0.00 0.00 14.53 16.79 21.42 14.12 25.28 23.70 0.00
Dividend Yield		 0.70% 0.59% 0.95% 1.15% 0.91% 1.73% 1.92% 2.00% 2.52% 2.47% 4.01%
Earnings Yield		 7.23% 4.39% 0.00% 0.00% 6.88% 5.96% 4.67% 7.08% 3.96% 4.22% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.27 1.39 0.99 0.83 1.30 0.96 0.81 0.85 0.76 0.86 1.00
Enterprise Value to Revenue (EV/Rev)		 0.09 0.13 0.07 0.00 0.08 0.08 0.05 0.04 0.04 0.05 0.05
Enterprise Value to EBITDA (EV/EBITDA)		 9.22 15.08 34.84 7.20 9.38 6.91 7.95 5.95 6.45 6.91 0.00
Enterprise Value to EBIT (EV/EBIT)		 11.99 23.80 0.00 10.38 12.83 10.57 14.38 8.46 9.92 10.64 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 13.58 20.14 70.84 10.59 13.31 18.29 13.61 9.92 12.09 14.04 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.84 66.75 0.00 0.00 13.31 2.83 8.31 15.62 7.11 8.09 6.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.64 0.00 12.30 14.08 14.31 2.62 12.93 0.00 11.75 9.17 7.35
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.41 0.61 0.52 0.38 0.33 0.27 0.27 0.42 0.46 0.45 0.53
Long-Term Debt to Equity		 0.39 0.60 0.51 0.36 0.30 0.26 0.25 0.42 0.42 0.41 0.52
Financial Leverage		 0.14 0.16 0.28 0.29 0.25 0.08 -0.07 0.10 0.29 0.28 0.31
Leverage Ratio		 2.49 2.58 2.99 3.16 3.13 2.76 2.73 3.61 3.94 3.61 3.86
Compound Leverage Factor		 2.49 2.58 2.99 3.16 3.13 2.75 2.72 2.05 1.35 1.74 4.47
Debt to Total Capital		 28.83% 37.94% 34.37% 27.68% 24.93% 21.53% 20.97% 29.82% 31.29% 31.05% 34.77%
Short-Term Debt to Total Capital		 0.95% 0.49% 0.97% 1.62% 2.14% 0.94% 1.26% 0.56% 2.78% 2.96% 0.59%
Long-Term Debt to Total Capital		 27.88% 37.45% 33.40% 26.06% 22.78% 20.59% 19.71% 29.26% 28.51% 28.09% 34.17%
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% 0.48% 0.60% 0.64% 0.14% 0.15% 0.17% 0.21% 0.24% 0.25% 0.44%
Common Equity to Total Capital		 70.79% 61.58% 65.02% 71.69% 74.94% 78.33% 78.85% 69.98% 68.47% 68.70% 64.79%
Debt to EBITDA		 2.73 5.28 14.02 2.63 1.94 2.12 2.81 2.33 2.97 2.90 -1.29
Net Debt to EBITDA		 0.67 2.17 8.29 1.84 1.36 -0.54 -0.79 1.51 1.95 1.64 -0.93
Long-Term Debt to EBITDA		 2.64 5.22 13.63 2.48 1.77 2.03 2.64 2.28 2.71 2.62 -1.27
Debt to NOPAT		 4.01 7.06 28.52 3.87 2.75 5.61 4.81 3.88 5.57 5.88 -1.76
Net Debt to NOPAT		 0.99 2.90 16.85 2.70 1.94 -1.43 -1.36 2.51 3.66 3.33 -1.27
Long-Term Debt to NOPAT		 3.88 6.97 27.71 3.64 2.51 5.37 4.52 3.80 5.08 5.32 -1.73
Altman Z-Score		 8.31 6.38 6.92 0.94 7.27 5.90 6.19 7.92 7.15 7.07 6.46
Noncontrolling Interest Sharing Ratio		 0.52% 0.65% 0.84% 0.90% 0.53% 0.19% 0.20% 0.26% 0.32% 0.35% 0.49%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.85 1.76 1.45 1.35 1.32 1.57 1.30 1.14 1.11 1.15 1.06
Quick Ratio		 1.36 1.39 1.13 1.01 0.97 1.13 0.97 0.78 0.75 0.82 0.73
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 393 -208 184 136 213 651 111 -546 164 229 247
Operating Cash Flow to CapEx		 877.45% 140.44% -247.41% -252.42% 282.82% 1,177.58% 441.84% 176.21% 309.70% 381.09% 446.49%
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		 6.46 5.44 6.13 0.00 6.31 3.88 6.00 8.37 6.14 5.98 5.86
Accounts Receivable Turnover		 14.80 13.04 13.35 0.00 13.08 9.86 17.44 20.90 15.83 16.32 15.91
Inventory Turnover		 75.03 64.94 68.93 0.00 63.97 42.39 74.31 92.15 64.59 69.84 74.34
Fixed Asset Turnover		 141.64 100.66 105.13 0.00 0.00 0.00 0.00 0.00 0.00 81.99 85.68
Accounts Payable Turnover		 18.68 17.01 16.55 0.00 14.28 10.41 16.90 19.55 14.08 14.13 13.54
Days Sales Outstanding (DSO)		 24.67 27.99 27.35 0.00 27.91 37.03 20.93 17.46 23.06 22.37 22.94
Days Inventory Outstanding (DIO)		 4.87 5.62 5.30 0.00 5.71 8.61 4.91 3.96 5.65 5.23 4.91
Days Payable Outstanding (DPO)		 19.54 21.46 22.05 0.00 25.57 35.06 21.59 18.67 25.92 25.84 26.96
Cash Conversion Cycle (CCC)		 9.99 12.15 10.60 0.00 8.05 10.58 4.25 2.75 2.79 1.76 0.89
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,052 2,428 2,276 2,321 2,337 1,779 1,773 2,538 2,533 2,454 1,812
Invested Capital Turnover		 14.12 12.06 14.33 0.00 15.81 9.89 17.64 27.39 18.82 16.91 17.31
Increase / (Decrease) in Invested Capital		 -201 376 -152 45 16 -558 -5.50 765 -4.60 -80 -642
Enterprise Value (EV)		 2,612 3,384 2,261 1,919 3,045 1,710 1,440 2,164 1,928 2,103 1,814
Market Capitalization		 2,413 2,882 1,707 1,413 2,599 1,840 1,579 1,611 1,337 1,598 1,302
Book Value per Share		 $26.79 $27.32 $25.46 $26.82 $28.91 $30.07 $30.28 $32.06 $32.27 $33.56 $23.38
Tangible Book Value per Share		 $17.24 $15.46 $12.96 $14.22 $16.01 $16.55 $13.64 $6.71 $6.73 $8.71 $4.50
Total Capital		 2,678 3,126 2,648 2,533 2,523 2,438 2,426 2,836 2,838 2,837 2,005
Total Debt		 772 1,186 910 701 629 525 509 846 888 881 697
Total Long-Term Debt		 747 1,171 885 660 575 502 478 830 809 797 685
Net Debt		 190 488 538 489 443 -134 -144 547 584 498 504
Capital Expenditures (CapEx)		 51 36 54 72 81 51 39 79 88 68 66
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 935 971 875 868 876 319 301 347 229 223 8.50
Debt-free Net Working Capital (DFNWC)		 1,517 1,669 1,247 1,080 1,062 978 954 645 533 605 202
Net Working Capital (NWC)		 1,492 1,654 1,222 1,039 1,008 955 923 630 454 521 190
Net Nonoperating Expense (NNE)		 22 42 202 52 48 -16 32 102 106 82 216
Net Nonoperating Obligations (NNO)		 146 488 538 489 443 -134 -144 547 584 498 504
Total Depreciation and Amortization (D&A)		 66 82 86 82 87 86 81 108 105 106 98
Debt-free, Cash-free Net Working Capital to Revenue		 3.08% 3.59% 2.60% 0.00% 2.38% 1.57% 0.96% 0.59% 0.48% 0.53% 0.02%
Debt-free Net Working Capital to Revenue		 4.99% 6.18% 3.70% 0.00% 2.88% 4.80% 3.04% 1.09% 1.12% 1.44% 0.55%
Net Working Capital to Revenue		 4.91% 6.12% 3.63% 0.00% 2.74% 4.69% 2.95% 1.07% 0.95% 1.24% 0.51%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.66 $1.82 ($2.50) $1.89 $2.71 $1.72 $1.17 $1.83 $0.86 $1.14 ($10.99)
Adjusted Weighted Average Basic Shares Outstanding		 70.20M 69.30M 68.10M 67.40M 66.10M 63.70M 62.90M 62.30M 61.40M 59M 55.90M
Adjusted Diluted Earnings per Share		 $2.64 $1.81 ($2.50) $1.89 $2.69 $1.71 $1.16 $1.82 $0.86 $1.13 ($10.99)
Adjusted Weighted Average Diluted Shares Outstanding		 70.70M 69.80M 68.10M 67.70M 66.50M 64M 63.30M 62.70M 61.70M 59.50M 55.90M
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		 70.80M 69.93M 67.64M 0.00 65.41M 63.12M 63.44M 62.04M 59.85M 56.75M 51.28M
Normalized Net Operating Profit after Tax (NOPAT)		 192 168 138 181 244 118 114 218 192 175 160
Normalized NOPAT Margin		 0.63% 0.62% 0.41% 0.00% 0.66% 0.58% 0.36% 0.37% 0.40% 0.42% 0.43%
Pre Tax Income Margin		 0.72% 0.53% -0.06% 0.00% 0.64% 0.79% 0.32% 0.25% 0.14% 0.23% -2.00%
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		 8.97% 13.13% -9.57% 12.56% 11.65% 23.36% 38.68% 26.75% 63.31% 56.70% -6.75%
Augmented Payout Ratio		 50.32% 45.73% -45.92% 28.06% 47.76% 85.68% 106.74% 68.77% 175.23% 203.98% -20.65%

Quarterly Metrics And Ratios for World Kinect

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 51,278,990.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 51,278,990.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.51
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -21.81% -13.51% -12.26% -0.14% -14.33% -18.68% -13.69% -17.53% -10.48% -7.49% 2.46%
EBITDA Growth		 12.98% -92.76% -2.53% 70.99% -1.88% -489.52% -76.03% -336.77% -11.00% -417.81% 286.70%
EBIT Growth		 19.27% -109.96% -2.78% 98.21% -1.74% -455.24% -108.92% -393.62% -12.09% -246.73% 1,203.77%
NOPAT Growth		 -19.84% -117.85% 3.70% -27.48% -9.22% 293.51% -108.18% -682.94% -10.71% -1,025.84% 1,068.84%
Net Income Growth		 -19.13% -266.99% 20.35% 250.49% -1.41% -189.97% -178.31% -417.21% -19.71% -176.09% 220.19%
EPS Growth		 -14.71% -264.71% 25.00% 277.08% -1.72% -203.57% -182.22% -434.81% -19.30% -195.29% 235.14%
Operating Cash Flow Growth		 -68.94% 104.96% -22.94% 56.09% -147.95% 2,573.33% 3.81% -58.47% 401.56% -71.57% -140.56%
Free Cash Flow Firm Growth		 87.35% 99.12% -36.50% 139.67% 106.35% 1,725.57% 176.91% -34.31% 12,268.11% 347.01% 224.59%
Invested Capital Growth		 5.90% -0.18% -0.13% -6.16% 1.82% -3.14% -6.74% -15.55% -23.91% -26.17% -20.90%
Revenue Q/Q Growth		 11.52% -1.98% -8.76% 0.13% -4.33% -6.96% -3.16% -4.33% 3.85% -3.86% 7.27%
EBITDA Q/Q Growth		 2.43% -87.72% 197.69% 99.06% -41.22% -148.74% 142.03% -2,066.50% 122.09% -383.56% 131.39%
EBIT Q/Q Growth		 3.03% -119.09% 152.38% 142.59% -48.92% -207.88% 93.32% -7,883.02% 115.29% -525.50% 121.25%
NOPAT Q/Q Growth		 -1.64% -119.18% 623.67% -26.59% 23.11% -59.11% -122.15% -5,128.79% 118.86% -523.96% 123.18%
Net Income Q/Q Growth		 16.39% -198.31% 177.94% 293.01% -67.26% -389.14% 78.95% -1,492.02% 108.29% -1,094.31% 109.16%
EPS Q/Q Growth		 20.83% -196.55% 180.36% 302.22% -68.51% -398.25% 78.24% -1,537.84% 107.59% -1,191.30% 109.96%
Operating Cash Flow Q/Q Growth		 84.60% -94.40% 2,348.89% -38.38% -156.70% 412.47% -4.90% -75.35% 311.70% -70.54% -235.67%
Free Cash Flow Firm Q/Q Growth		 -201.16% 92.63% 1,065.23% 232.83% -97.32% 1,789.00% 64.42% -21.04% 404.30% -31.73% 19.39%
Invested Capital Q/Q Growth		 -1.35% 0.75% -0.50% -5.11% 7.04% -4.16% -4.19% -14.08% -3.56% -7.01% 2.64%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 2.30% 1.94% 2.32% 2.24% 2.56% 2.65% 2.44% 2.57% 2.66% 2.61% 2.80%
EBITDA Margin		 0.82% 0.10% 0.77% 1.54% 0.94% -0.49% 0.21% -4.41% 0.94% -2.77% 0.81%
Operating Margin		 0.60% -0.13% 0.58% 0.41% 0.69% 0.31% -0.07% -3.82% 0.67% -3.06% 0.58%
EBIT Margin		 0.61% -0.12% 0.54% 1.31% 0.70% -0.81% -0.06% -4.68% 0.69% -3.05% 0.60%
Profit (Net Income) Margin		 0.29% -0.29% 0.25% 0.97% 0.33% -1.04% -0.23% -3.75% 0.30% -3.09% 0.26%
Tax Burden Percent		 76.67% 74.89% 89.18% 91.68% 70.56% 100.00% 75.80% 75.57% 72.42% 92.61% 79.50%
Interest Burden Percent		 61.82% 325.87% 51.35% 80.92% 67.39% 127.46% 530.19% 106.05% 59.97% 109.59% 55.04%
Effective Tax Rate		 23.33% 0.00% 10.82% 8.32% 29.44% 0.00% 0.00% 0.00% 27.58% 0.00% 20.50%
Return on Invested Capital (ROIC)		 9.31% -1.69% 9.44% 7.06% 8.51% 3.61% -0.82% -46.92% 8.10% -37.03% 8.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.03% -5.95% 3.98% 21.01% 5.46% -18.95% -4.20% -72.26% 3.90% -54.25% 4.58%
Return on Net Nonoperating Assets (RNNOA)		 1.24% -1.71% 1.07% 4.93% 1.42% -5.25% -1.07% -15.27% 0.88% -16.65% 1.56%
Return on Equity (ROE)		 10.55% -3.40% 10.51% 11.99% 9.93% -1.64% -1.88% -62.19% 8.98% -53.67% 9.71%
Cash Return on Invested Capital (CROIC)		 3.58% 6.47% 6.59% 12.54% 4.03% 9.20% 10.01% 8.94% 19.12% 11.58% 6.66%
Operating Return on Assets (OROA)		 3.93% -0.73% 3.42% 8.57% 4.31% -4.86% -0.33% -27.38% 3.98% -17.87% 3.35%
Return on Assets (ROA)		 1.86% -1.79% 1.56% 6.36% 2.05% -6.20% -1.33% -21.94% 1.73% -18.14% 1.47%
Return on Common Equity (ROCE)		 10.52% -3.39% 10.48% 11.96% 9.90% -1.63% -1.87% -62.00% 8.94% -53.41% 9.67%
Return on Equity Simple (ROE_SIMPLE)		 5.56% 0.00% 2.99% 6.63% 6.56% 0.00% 1.01% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 56 -11 56 41 51 21 -4.62 -242 46 -193 45
NOPAT Margin		 0.46% -0.09% 0.52% 0.38% 0.49% 0.21% -0.05% -2.67% 0.49% -2.14% 0.46%
Net Nonoperating Expense Percent (NNEP)		 4.28% 4.26% 5.46% -13.95% 3.05% 22.57% 3.39% 25.34% 4.20% 17.23% 3.58%
Return On Investment Capital (ROIC_SIMPLE)		 - -0.38% - - - 0.74% -0.16% -9.97% 1.88% -9.63% 2.23%
Cost of Revenue to Revenue		 97.70% 98.06% 97.68% 97.76% 97.44% 97.35% 97.56% 97.43% 97.34% 97.39% 97.20%
SG&A Expenses to Revenue		 0.62% 0.60% 0.69% 0.66% 0.68% 0.79% 0.77% 0.74% 0.74% 0.81% 0.80%
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		 1.70% 2.06% 1.74% 1.82% 1.87% 2.35% 2.51% 6.38% 1.99% 5.66% 2.22%
Earnings before Interest and Taxes (EBIT)		 75 -14 59 144 74 -79 -5.30 -423 65 -275 59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 101 12 85 169 99 -48 20 -399 88 -250 79
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.67 0.69 0.81 0.76 0.89 0.82 0.84 1.00 0.89 1.00 0.98
Price to Tangible Book Value (P/TBV)		 3.08 3.30 3.21 2.66 3.06 3.16 3.31 3.06 2.60 5.21 7.44
Price to Revenue (P/Rev)		 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.03
Price to Earnings (P/E)		 11.54 25.28 27.51 11.38 13.58 23.70 85.15 0.00 0.00 0.00 0.00
Dividend Yield		 2.56% 2.52% 2.78% 2.40% 2.10% 2.47% 2.40% 2.50% 2.85% 4.01% 3.47%
Earnings Yield		 8.67% 3.96% 3.64% 8.79% 7.36% 4.22% 1.17% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.74 0.76 0.85 0.80 0.91 0.86 0.87 1.00 0.91 1.00 0.99
Enterprise Value to Revenue (EV/Rev)		 0.04 0.04 0.05 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Enterprise Value to EBITDA (EV/EBITDA)		 5.37 6.45 12.73 7.98 9.88 6.91 8.51 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 7.71 9.92 33.09 13.97 17.34 10.64 15.33 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 8.19 12.09 13.20 12.47 15.83 14.04 27.57 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.59 7.11 9.02 7.25 16.26 8.09 7.72 9.03 4.67 6.19 13.92
Enterprise Value to Free Cash Flow (EV/FCFF)		 21.32 11.75 12.94 6.15 22.90 9.17 8.36 10.27 4.11 7.35 13.12
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.44 0.46 0.45 0.43 0.43 0.45 0.46 0.51 0.49 0.53 0.66
Long-Term Debt to Equity		 0.41 0.42 0.41 0.39 0.39 0.41 0.41 0.48 0.47 0.52 0.65
Financial Leverage		 0.25 0.29 0.27 0.23 0.26 0.28 0.25 0.21 0.23 0.31 0.34
Leverage Ratio		 3.94 3.94 3.69 3.54 3.59 3.61 3.54 3.64 3.55 3.86 4.26
Compound Leverage Factor		 2.44 12.85 1.89 2.86 2.42 4.60 18.77 3.86 2.13 4.23 2.35
Debt to Total Capital		 30.71% 31.29% 31.09% 30.14% 30.10% 31.05% 31.31% 33.77% 32.84% 34.77% 39.73%
Short-Term Debt to Total Capital		 2.21% 2.78% 2.85% 2.79% 2.90% 2.96% 3.09% 1.78% 1.19% 0.59% 0.45%
Long-Term Debt to Total Capital		 28.50% 28.51% 28.24% 27.35% 27.20% 28.09% 28.22% 31.99% 31.65% 34.17% 39.27%
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		 0.24% 0.24% 0.23% 0.17% 0.22% 0.25% 0.25% 0.26% 0.36% 0.44% 0.40%
Common Equity to Total Capital		 69.06% 68.47% 68.68% 69.68% 69.68% 68.70% 68.43% 65.97% 66.80% 64.79% 59.87%
Debt to EBITDA		 2.52 2.97 5.23 3.68 3.72 2.90 3.67 -2.49 -2.35 -1.29 -1.66
Net Debt to EBITDA		 1.55 1.95 3.33 1.48 2.15 1.64 1.76 -1.27 -0.95 -0.93 -1.34
Long-Term Debt to EBITDA		 2.34 2.71 4.75 3.34 3.37 2.62 3.31 -2.36 -2.26 -1.27 -1.64
Debt to NOPAT		 3.85 5.57 5.42 5.75 5.97 5.88 11.88 -4.68 -4.39 -1.76 -2.27
Net Debt to NOPAT		 2.37 3.66 3.45 2.32 3.44 3.33 5.71 -2.38 -1.78 -1.27 -1.84
Long-Term Debt to NOPAT		 3.57 5.08 4.93 5.22 5.39 5.32 10.71 -4.44 -4.23 -1.73 -2.25
Altman Z-Score		 7.26 7.06 7.12 7.17 7.14 6.94 6.89 6.84 6.92 6.67 5.91
Noncontrolling Interest Sharing Ratio		 0.32% 0.32% 0.30% 0.28% 0.33% 0.35% 0.35% 0.31% 0.41% 0.49% 0.48%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.12 1.11 1.14 1.15 1.16 1.15 1.15 1.13 1.15 1.06 1.05
Quick Ratio		 0.78 0.75 0.78 0.82 0.80 0.82 0.81 0.81 0.81 0.73 0.71
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -84 -6.18 60 199 5.32 100 165 130 658 449 536
Operating Cash Flow to CapEx		 375.23% 22.84% 629.71% 465.07% -211.54% 672.07% 752.63% 189.26% 823.40% 159.81% -336.23%
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		 6.42 6.14 6.30 6.52 6.14 5.98 5.91 5.85 5.77 5.86 5.55
Accounts Receivable Turnover		 16.38 15.83 16.27 18.23 16.58 16.32 16.52 16.37 16.53 15.91 14.60
Inventory Turnover		 70.17 64.59 70.89 75.30 68.14 69.84 68.49 67.33 65.42 74.34 58.19
Fixed Asset Turnover		 0.00 0.00 93.00 0.00 0.00 81.99 83.32 81.87 78.96 85.68 89.79
Accounts Payable Turnover		 14.84 14.08 14.61 15.89 14.36 14.13 14.44 13.70 13.91 13.54 12.17
Days Sales Outstanding (DSO)		 22.29 23.06 22.43 20.02 22.02 22.37 22.10 22.30 22.08 22.94 25.00
Days Inventory Outstanding (DIO)		 5.20 5.65 5.15 4.85 5.36 5.23 5.33 5.42 5.58 4.91 6.27
Days Payable Outstanding (DPO)		 24.59 25.92 24.99 22.98 25.41 25.84 25.28 26.64 26.24 26.96 29.99
Cash Conversion Cycle (CCC)		 2.90 2.79 2.59 1.90 1.97 1.76 2.15 1.08 1.41 0.89 1.28
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,515 2,533 2,521 2,392 2,560 2,454 2,351 2,020 1,948 1,812 1,860
Invested Capital Turnover		 20.28 18.82 18.31 18.69 17.50 16.91 16.70 17.56 16.70 17.31 17.65
Increase / (Decrease) in Invested Capital		 140 -4.60 -3.20 -157 46 -80 -170 -372 -612 -642 -491
Enterprise Value (EV)		 1,863 1,928 2,151 1,906 2,342 2,103 2,039 2,027 1,772 1,814 1,839
Market Capitalization		 1,317 1,337 1,582 1,546 1,827 1,598 1,609 1,605 1,441 1,302 1,183
Book Value per Share		 $32.70 $32.27 $32.59 $33.91 $34.60 $33.56 $33.85 $28.23 $29.13 $23.38 $23.47
Tangible Book Value per Share		 $7.11 $6.73 $8.23 $9.70 $10.09 $8.71 $8.57 $9.27 $9.97 $4.50 $3.10
Total Capital		 2,850 2,838 2,842 2,917 2,934 2,837 2,807 2,423 2,422 2,005 2,011
Total Debt		 875 888 884 879 883 881 879 818 795 697 799
Total Long-Term Debt		 812 809 803 798 798 797 792 775 767 685 790
Net Debt		 540 584 562 355 509 498 423 415 322 504 648
Capital Expenditures (CapEx)		 21 20 18 15 18 18 15 15 14 21 14
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 205 229 290 134 299 223 118 62 39 8.50 48
Debt-free Net Working Capital (DFNWC)		 540 533 611 658 673 605 574 465 513 202 199
Net Working Capital (NWC)		 477 454 530 577 588 521 488 422 484 190 190
Net Nonoperating Expense (NNE)		 21 24 29 -65 16 122 17 98 17 86 19
Net Nonoperating Obligations (NNO)		 540 584 562 355 509 498 423 415 322 504 648
Total Depreciation and Amortization (D&A)		 26 27 25 25 26 31 26 24 24 25 20
Debt-free, Cash-free Net Working Capital to Revenue		 0.41% 0.48% 0.63% 0.29% 0.67% 0.53% 0.29% 0.16% 0.10% 0.02% 0.13%
Debt-free Net Working Capital to Revenue		 1.09% 1.12% 1.32% 1.43% 1.51% 1.44% 1.41% 1.20% 1.36% 0.55% 0.54%
Net Working Capital to Revenue		 0.96% 0.95% 1.15% 1.25% 1.32% 1.24% 1.20% 1.09% 1.29% 0.51% 0.51%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.58 ($0.57) $0.46 $1.81 $0.57 ($1.70) ($0.37) ($6.06) $0.46 ($5.02) $0.51
Adjusted Weighted Average Basic Shares Outstanding		 60.30M 61.40M 59.90M 59.80M 58.80M 59M 56.80M 56M 55.60M 55.90M 51.70M
Adjusted Diluted Earnings per Share		 $0.58 ($0.56) $0.45 $1.81 $0.57 ($1.70) ($0.37) ($6.06) $0.46 ($5.02) $0.50
Adjusted Weighted Average Diluted Shares Outstanding		 60.40M 61.70M 60.30M 60M 59.20M 59.50M 56.80M 56M 55.90M 55.90M 52M
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		 60.20M 59.85M 59.94M 59.09M 58.08M 56.75M 56.63M 55.54M 55.56M 51.28M 51.36M
Normalized Net Operating Profit after Tax (NOPAT)		 56 17 57 49 52 40 37 42 49 33 50
Normalized NOPAT Margin		 0.46% 0.14% 0.52% 0.44% 0.49% 0.41% 0.39% 0.46% 0.52% 0.37% 0.52%
Pre Tax Income Margin		 0.38% -0.39% 0.28% 1.06% 0.47% -1.04% -0.30% -4.96% 0.41% -3.34% 0.33%
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		 31.32% 63.31% 57.98% 26.13% 27.50% 56.70% 205.15% -9.19% -9.27% -6.75% -7.49%
Augmented Payout Ratio		 76.99% 175.23% 57.98% 55.23% 77.79% 203.98% 772.16% -36.36% -29.48% -20.65% -34.05%

Financials Breakdown Chart

Key Financial Trends

World Kinect Corp (NYSE: WKC) has displayed earnings volatility over the last four years, with large one-time costs in some quarters and steadier cash generation in others. Below are the top trends drawn from the company’s quarterly statements (income, cash flow, and balance sheet) through 2025, focused on points most relevant to retail investors.

  • In Q3 2025, net income from continuing operations was positive, about $28.1 million, marking a quarterly earnings improvement after several periods of losses.
  • Cash flow from continuing operating activities was strong in Q3 2025, at about $116.2 million, signaling solid core cash generation.
  • Q3 2025 basic and diluted earnings per share were about $0.46, reflecting improving profitability on a per-share basis.
  • Gross profit in Q3 2025 was about $249.6 million on $9.39 billion revenue, yielding a margin around 2.7%—a modest improvement in core margin dynamics despite higher costs.
  • Over the four-year span, operating revenue has remained substantial, typically in the $9–11 billion range per quarter, indicating a large-scale revenue base with quarterly volatility but no collapse.
  • The current ratio in several recent quarters sits around 1.1–1.2, suggesting a modest but acceptable short-term liquidity cushion.
  • A large impairment charge of about $246.5 million was recorded in Q4 2025, significantly weighing on operating income and overall profitability for the quarter.
  • Multiple quarters show net losses (for example, Q2 2025 net income around -$339 million and Q4 2025 around -$279 million), underscoring ongoing earnings risk and volatility.
  • Net cash from investing activities has often been negative in recent periods (e.g., Q4 2025 investing cash flow around -$165.2 million), reflecting ongoing capital investments that reduce near-term cash balanced by long-term asset growth.
  • Total long-term debt remains elevated (around $0.8 billion in late-2025), contributing to leverage that could affect financing flexibility and interest costs in a higher-rate environment.
05/15/26 01:05 PM ETAI Generated. May Contain Errors.

World Kinect Financials - Frequently Asked Questions

According to the most recent income statement we have on file, World Kinect's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

World Kinect's net income appears to be on a downward trend, with a most recent value of -$611.70 million in 2025, falling from $221.10 million in 2014. The previous period was $67.90 million in 2024. See where experts think World Kinect is headed by visiting World Kinect's forecast page.

World Kinect's total operating income in 2025 was -$564.70 million, based on the following breakdown:
  • Total Gross Profit: $947.80 million
  • Total Operating Expenses: $1.51 billion

Over the last 10 years, World Kinect's total revenue changed from $43.39 billion in 2014 to $36.92 billion in 2025, a change of -14.9%.

World Kinect's total liabilities were at $4.56 billion at the end of 2025, a 4.6% decrease from 2024, and a 73.9% increase since 2015.

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 $193.50 million as of their latest financial filing in 2025.

Over the last 10 years, World Kinect's book value per share changed from 26.79 in 2015 to 23.38 in 2025, a change of -12.7%.


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Financial statements for NYSE:WKC last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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