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World Kinect Corporation

WKC Energy Oil & Gas Refining & Marketing

World Kinect Corporation’s revenue for fiscal 2025 (year ended December 2025) was $36.9 billion, down 12.5% from fiscal 2024.

Revenue
+41.3%
EPS
+60.9%
Free cash flow
−363.9%
Total debt
−12.8%

Quarter to September 2026, against a year earlier

37.20 0.14 −0.37%
Market cap
$1.9B
P/E
0.0×
Fwd P/E
12.2×
Dividend yield
2.31%
F-score
5/9
Altman Z
6.50
Beneish M
−3.41
Dividend safety
53/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 7.30
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 2 4 2 4 2 1 1 —
Insider Ownership 3.79%

Capital & Financial Ratios $m

Size
Market Cap 1,910.00
Revenue ttm 45,575.90
Net income ttm (166.30)
Free cash flow ttm 81.90
Net debt Q 475.90
Valuation
P/E 0.00
Forward P/E 12.20
Price / sales 0.04
Forward P/S Powerpack
Price / FCF 23.26
Price / book 1.48
Financial health
Current ratio Q 1.04
Debt / equity Q 0.54
Interest coverage Q 2.60
Growth
Revenue growth Q +41.30% (above 0%: growing)
Operating income growth Q +27.55% (above 0%: growing)
EPS, this year +91.45% (at or above 15%: strong)
EPS, next year A −32.27% (below 0%: weak)
Revenue, next year A +26.45% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −6.13% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.1×, against a ten-year median of 0.1×; over the ten years it ranged from 0.0× in 2023 to 0.1× in 2016.
P/S against its own 10 years 41.26%
10-year low 10-year high
P/B against its own 10 years 88.40%
10-year low 10-year high
EV/Sales against its own 10 years 40.05%
10-year low 10-year high
EV/FCF against its own 10 years 84.65%
10-year low 10-year high

Dividends raised 7 years running

Yield
2.31%
Annual rate
0.86
Payout ratio
—
Growth, 2016–25
+13.8%/yr
  1. 0.24 ’16
  2. 0.24 ’17 +0%
  3. 0.24 ’18 +0%
  4. 0.36 ’19 +50%
  5. 0.40 ’20 +11%
  6. 0.48 ’21 +20%
  7. 0.52 ’22 +8%
  8. 0.56 ’23 +8%
  9. 0.68 ’24 +21%
  10. 0.77 ’25 +13%
  11. 0.88 ’26e +14%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 580 559 294 218
Receivables 2,736 2,433 2,209 3,125
Inventory 665 514 454 745
Other 446 382 457 449
4,504 3,959 3,501 4,623
2023 2024 2025 Q'26
Payables 3,098 2,727 2,587 3,728
ST’ Debt 79 84 12 10
Other 128 92 53 61
4,050 3,438 3,310 4,457

Compound Annual Growth %

10y 5y 3y
Sales 1.97% 12.64% (14.49%)
Cash Flow (4.15%) (13.48%) 28.36%
Earnings 0.00% 0.00% 0.00%
Book Value (3.70%) (7.32%) (13.07%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.96 Actual 0.99

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.47 0.30 Miss by 0.17
Q1 FY26 0.31 0.75 Beat by 0.44
Q2 FY26 0.75 1.29 Beat by 0.54
Q3 FY26 0.96 0.99 Beat by 0.03
Q4 FY26 0.63 — Reports 18 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.50 0.94 0.70 — —
’25 (0.37) (6.06) 0.46 (5.11) (10.99)
’24 0.45 1.81 0.57 (1.77) 1.13
’23 0.36 0.48 0.58 (0.58) 0.86
’22 0.41 0.39 0.68 0.33 1.82
’21 0.30 0.28 0.34 0.25 1.16
’20 0.63 (0.16) 1.29 (0.06) 1.71
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 9,685 13,591 13,271 — —
’25 9,453 9,043 9,392 9,029 36,917
’24 10,951 10,965 10,491 9,760 42,168
’23 12,482 10,981 12,245 12,003 47,711
’22 12,382 17,122 15,661 13,878 59,043
’21 5,958 7,086 8,351 9,943 31,337
’20 8,015 3,158 4,483 4,702 20,358
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (46) (21) 175 — —
’25 114 28 116 34 293
’24 110 68 (38) 120 260
’23 143 44 80 5 271
’22 (72) 43 259 (91) 139
’21 103 37 83 (50) 173
’20 10 236 246 114 604
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (60) (35) 164 — —
’25 99 13 102 13 227
’24 93 53 (57) 102 192
’23 124 16 59 (15) 184
’22 (89) 22 240 (113) 60
’21 101 25 69 (61) 134
’20 (8) 220 233 108 553
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 27,016 33,696 39,750 36,819 20,358 31,337 59,043 47,711 42,168 36,917 45,576 +3.5% 46,681 39,124 34,021 (2.7%)
Gross margin, % 3.33 2.77 2.56 3.02 4.18 2.52 1.84 2.22 2.43 2.57 2.54 (0.8) pt
EBT 142 (21) 185 237 162 100 145 67 96 (740) (147) n/m
EBT margin, % 0.53 (0.06) 0.47 0.64 0.79 0.32 0.25 0.14 0.23 (2.00) (0.32) (2.5) pt
Net income 126 (170) 129 181 110 74 116 54 68 (612) (166) n/m
Per share, $
Per share, $ Revenue 389.84 494.79 589.77 557.02 319.60 498.20 947.72 777.05 714.71 660.40 890.15 +6.0%
Earnings 1.83 (2.50) 1.89 2.71 1.72 1.17 1.83 0.86 1.14 (10.99) (2.92) n/m
Cash flow 0.73 (1.96) (2.71) 3.46 9.48 2.75 2.22 4.42 4.41 5.24 2.77 +24.5%
Capex (0.52) (0.79) (1.07) (1.22) (0.81) (0.62) (1.26) (1.43) (1.16) (1.17) (1.17) +9.4%
Free cash flow 0.21 (2.75) (3.78) 2.24 8.68 2.13 0.96 2.99 3.25 4.07 1.60 +38.9%
Book value 27.99 25.52 27.18 28.65 30.03 30.47 31.95 31.75 33.15 23.40 25.16 (2.0%)
Shares, m 69 68 67 66 64 63 62 61 59 56 53 (2.4%)
Valuation, ×
Valuation, × P/E 25.28 0.00 11.33 15.51 18.22 22.62 14.43 27.02 25.71 0.00 0.00 16.0
P/S 0.12 0.06 0.04 0.08 0.10 0.05 0.03 0.03 0.04 0.04 0.04 0.1
P/B 1.65 1.12 0.79 1.52 1.04 0.87 0.83 0.72 0.83 1.00 1.48 1.0
EV/Sales 0.14 0.07 0.05 0.09 0.09 0.04 0.03 0.04 0.05 0.05 0.05 0.1
EV/FCF 252.97 (13.23) (7.58) 22.00 3.35 10.09 31.71 9.36 10.14 7.98 29.07 32.7
Cash, $m
Cash, $m Operating cash flow 51 (134) (182) 229 604 173 139 271 260 293 142 +21.5%
Capex (36) (54) (72) (81) (51) (39) (79) (88) (68) (66) (60) +6.9%
Free cash flow 15 (188) (255) 148 553 134 60 184 192 227 82 +35.7%
Balance, $m
Balance, $m Working capital 1,654 1,222 1,039 1,008 955 923 630 454 521 190 166 (21.4%)
Net debt 488 538 489 383 (134) (313) 245 308 321 403 476 (2.1%)
Shareholders’ equity 1,940 1,738 1,832 1,894 1,913 1,917 1,991 1,950 1,956 1,308 1,288 (4.3%)
Returns, %
Returns, % ROA 2.55 (3.09) 2.27 3.07 2.09 1.41 1.62 0.68 0.96 (9.76) (2.55) (12.3) pt
ROIC 4.86 1.25 6.99 8.23 4.85 5.56 7.63 5.48 5.78 (20.63) (1.54) (25.5) pt
ROE 6.58 (9.26) 7.16 9.60 5.76 3.85 5.84 2.69 3.45 (37.65) (11.46) (44.2) pt
People
People Employees 5,000 5,000 5,000 5,500 4,300 4,414 5,214 5,289 4,745 4,003 — (2.4%)
Revenue/emp, $m 5.40 6.74 7.95 6.69 4.73 7.10 11.32 9.02 8.89 9.22 — +6.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

World Kinect Corporation vs peers in Oil & Gas Refining & Marketing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UGP Ultrapar Participacoes S.A. $6.2B 9.0× — +36.71% (above 0%: growing) +61.11% (above 0%: growing) +873.56% (above 0%: growing) 11.12% 7.25% Compare
CVI CVR Energy Inc. $5.9B 82.4× 20.1× +55.48% (above 0%: growing) n/m +104.65% (above 0%: growing) 4.27% 2.85% Compare
DK Delek US Holdings, Inc. $4.5B 19.1× 5.8× +47.83% (above 0%: growing) n/m +173.86% (above 0%: growing) 8.93% 7.40% Compare
PARR Par Pacific Holdings, Inc. $3.8B 4.1× 3.4× +56.80% (above 0%: growing) +707.63% (above 0%: growing) +176.88% (above 0%: growing) 28.72% 21.37% Compare
IEP Icahn Enterprises L.P. $3.7B — (loss-making) 18.5× +25.58% (above 0%: growing) n/m +12.90% (above 0%: growing) 3.09% (8.67%) Compare
DKL Delek Logistics Partners, L.P. $3.2B 19.2× 16.1× +56.18% (above 0%: growing) −34.94% (below 0%: shrinking) +193.34% (above 0%: growing) 17.18% 16.09% Compare
WKC World Kinect Corporation $1.9B — (loss-making) 12.2× +41.30% (above 0%: growing) +60.91% (above 0%: growing) −363.91% (below 0%: shrinking) 2.17% 0.60%
CAPL CrossAmerica Partners LP $859.3M 15.3× 16.3× +22.57% (above 0%: growing) −17.19% (below 0%: shrinking) −61.26% (below 0%: shrinking) 9.57% 2.99% Compare
APC ARKO Petroleum Corp. $714.5M 15.4× 14.9× +36.46% (above 0%: growing) +100.77% (above 0%: growing) −63.15% (below 0%: shrinking) 4.31% 1.28% Compare
Median of peers $3.8B 15.4× 16.1× +42.27% +61.11% +139.26% 9.25% 5.12%

All 19 Oil & Gas Refining & Marketing stocks →

Pay and ownership Proxy statement filed 28 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.43m (96.64k) 84.22
2024 6.70m 11.85m 96.07
2023 6.80m (1.16m) 77.60
2022 15.27m 14.20m 90.87
2021 5.14m 4.05m 86.27

Ownership

Directors and executive officers, together 3.80%
BlackRock, Inc. 15.90%
The Vanguard Group, Inc. 13.50%
Dimensional Fund Advisors LP 7.70%
Brandes Investment Partners, L.P. 7.20%
State Street Corporation 6.60%
Invesco Ltd. 5.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

World Kinect Corporation (WKC) Latest News

1 Nov

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30 Oct

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26 Jul

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24 Jul

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23 Jul

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14 May

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Impact 3 · · Simply Wall St.
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23 Apr

Impact 4 · · The Motley Fool transcript
stockrow.com/WKC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com