World Kinect Corporation (WKC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.75	$1.29	+72.0%	—	$13.6B	—
Q1 26	$0.31	$0.75	+141.9%	—	$9.7B	—
Q2 25	$0.48	$0.59	+22.9%	—	$9B	—
Q1 25	$0.45	$0.48	+6.7%	—	$9.5B	—
Q4 24	$0.5	$0.62	+24.0%	—	$9.8B	—
Q3 24	$0.62	$0.62	0.0%	—	$10.5B	—
Q2 24	$0.56	$0.48	-14.3%	—	$11B	—
Q1 24	$0.49	$0.47	-4.1%	—	$11B	—
Q4 23	$0.44	$0.54	+22.7%	—	$12B	—
Q3 23	$0.58	$0.58	0.0%	—	$12.2B	—
Q2 23	$0.47	$0.48	+2.1%	—	$11B	—
Q1 23	$0.35	$0.36	+2.9%	—	$12.5B	—
Q4 22	$0.48	$0.54	+12.5%	—	$13.9B	—
Q3 22	$0.64	$0.67	+4.7%	—	$15.7B	—
Q2 22	$0.29	$0.41	+41.4%	—	$17.1B	—
Q1 22	$0.3	$0.42	+40.0%	—	$12.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$11	—	—	$36.9B	—
FY24	—	$1.14	—	—	$42.2B	—
FY23	—	$0.86	—	—	$47.7B	—
FY22	—	$1.83	—	—	$59B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$27B	$33.7B	$39.8B	$36.8B	$20.4B	$31.3B	$59B	$47.7B	$42.2B	$36.9B
YoY change	-11.1%	+24.7%	+18%	-7.37%	-44.7%	+53.9%	+88.4%	-19.2%	-11.6%	-12.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	27B	33.7B	39.8B	36.8B	20.4B	31.3B	59B	47.7B	42.2B	36.9B
Cost of revenue	26.1B	32.8B	38.7B	35.7B	19.5B	30.5B	58B	46.7B	41.1B	36B
Gross profit	899M	932.2M	1B	1.1B	851.8M	788.2M	1.1B	1.1B	1B	947.8M
Gross margin	3.33%	2.77%	2.56%	3.02%	4.18%	2.52%	1.84%	2.22%	2.43%	2.57%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	710.1M	735.1M	741.7M	792.6M	678M	634.3M	816.1M	820.3M	779.6M	719.9M
Operating expenses	710.1M	735.1M	741.7M	792.6M	678M	634.3M	816.1M	820.3M	779.6M	719.9M
Operating income	188.9M	197.1M	276.8M	319.4M	173.8M	153.9M	273M	237.9M	246.8M	227.9M
Operating margin	0.7%	0.58%	0.7%	0.87%	0.85%	0.49%	0.46%	0.5%	0.59%	0.62%
Non-operating income, net	-7.5M	-157.9M	-20.9M	-8.2M	32.9M	-13.6M	-17.3M	-43.6M	-49M	-867M
Pretax income	142.1M	-21.1M	184.9M	237.3M	161.7M	100M	145.1M	66.7M	95.5M	-739.7M
Income tax	15.7M	149.2M	55.9M	56.2M	52.1M	25.8M	29.2M	13M	27.6M	-127.9M
Net income	126.4M	-170.3M	129M	181.1M	109.6M	74.2M	115.9M	53.7M	67.9M	-611.7M
Net margin	0.47%	-0.51%	0.32%	0.49%	0.54%	0.24%	0.2%	0.11%	0.16%	-1.66%
EBITDA	268M	282.7M	358.3M	424.4M	332M	239.4M	370.1M	346.7M	354M	263.2M
EPS	1.82	-2.5	1.89	2.71	1.72	1.17	1.83	0.86	1.14	-11
Diluted EPS	1.81	-2.5	1.89	2.69	1.71	1.16	1.82	0.86	1.13	-11

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	12.2B	12B	11B	11B	10.5B	9.8B	9.5B	9B	9.4B	9B	9.7B	13.6B
Cost of revenue	12B	11.8B	10.7B	10.7B	10.2B	9.5B	9.2B	8.8B	9.1B	8.8B	9.4B	13.2B
Gross profit	281.4M	232.4M	254.1M	245.2M	268.1M	258.9M	230.4M	232.4M	249.6M	235.4M	271.2M	365.1M
Gross margin	2.3%	1.94%	2.32%	2.24%	2.56%	2.65%	2.44%	2.57%	2.66%	2.61%	2.8%	2.69%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	208.1M	208.1M	190.6M	192M	194.7M	202.2M	177.5M	172.8M	181.9M	187.7M	208.2M	262.8M
Operating expenses	208.1M	208.1M	190.6M	192M	194.7M	202.2M	177.5M	172.8M	181.9M	187.7M	208.2M	262.8M
Operating income	73.3M	24.3M	63.5M	53.2M	73.4M	56.7M	52.9M	59.6M	67.7M	47.7M	63M	102.3M
Operating margin	0.6%	0.2%	0.58%	0.49%	0.7%	0.58%	0.56%	0.66%	0.72%	0.53%	0.65%	0.75%
Non-operating income, net	1.6M	-38.6M	-4.1M	90.9M	100K	-136.1M	-58.2M	-482.6M	-3.1M	-323.2M	-4.5M	-5.4M
Pretax income	46.3M	-46.6M	30.5M	116.6M	49.6M	-101.2M	-28.1M	-448.7M	38.8M	-301.7M	32.2M	66.3M
Income tax	10.8M	-11.8M	3.3M	9.7M	14.6M	0	-6.8M	-109.6M	10.7M	-22.1M	6.6M	16.6M
Net income	35.5M	-34.8M	27.2M	106.9M	35M	-101.2M	-21.3M	-339.1M	28.1M	-279.5M	25.6M	49.8M
Net margin	0.29%	-0.29%	0.25%	0.97%	0.33%	-1.04%	-0.23%	-3.75%	0.3%	-3.1%	0.26%	0.37%
EBITDA	104M	53M	86.9M	178.3M	105.3M	-16.3M	83.6M	8M	95.6M	76M	86.5M	125.9M
EPS	0.58	-0.58	0.46	1.81	0.57	-1.77	-0.37	-6.06	0.46	-5.11	0.51	0.94
Diluted EPS	0.58	-0.58	0.45	1.81	0.57	-1.77	-0.37	-6.06	0.46	-5.11	0.5	0.94

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.2B	1.9B	1.4B	2.9B	2B	1.7B	1.7B	1.4B	1.6B	1.3B	1.8B
Enterprise value	3.7B	2.5B	1.9B	3.3B	1.9B	1.5B	2.2B	2B	2.1B	1.8B	2.4B
Shares outstanding	69.3M	68.1M	67.4M	66.1M	63.7M	62.9M	62.3M	61.4M	59M	55.9M	55.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	25.2	—	11.2	15.8	18.1	22.4	14.7	26	23.9	—	87.5
P/S	0.12	0.06	0.04	0.08	0.1	0.05	0.03	0.03	0.04	0.04	0.04
P/B	1.64	1.1	0.79	1.52	1.04	0.87	0.86	0.72	0.83	1	1.61
EV/EBITDA	13.7	8.68	5.39	7.81	5.57	6.36	6.08	5.72	5.99	6.89	7
EV/Sales	0.14	0.07	0.05	0.09	0.09	0.05	0.04	0.04	0.05	0.05	0.06
Earnings yield	3.97%	—	8.94%	6.31%	5.52%	4.46%	6.81%	3.84%	4.18%	—	1.14%
FCF yield	0.46%	-9.79%	-17.7%	5.15%	27.9%	8.05%	3.52%	13.1%	11.8%	17.4%	6.44%
PEG	—	—	—	—	—	—	—	—	—	—	-0.76

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	3.33%	2.77%	2.56%	3.02%	4.18%	2.52%	1.84%	2.22%	2.43%	2.57%	2.69%
Operating margin	0.7%	0.58%	0.7%	0.87%	0.85%	0.49%	0.46%	0.5%	0.59%	0.62%	0.75%
Net margin	0.47%	-0.51%	0.32%	0.49%	0.54%	0.24%	0.2%	0.11%	0.16%	-1.66%	-0.43%
ROE	6.52%	-9.8%	7.04%	9.56%	5.73%	3.87%	5.82%	2.75%	3.47%	-46.8%	-12.3%
ROA	2.34%	-3.05%	2.27%	3.02%	2.44%	1.25%	1.42%	0.73%	1.01%	-10.4%	2.77%
ROIC	6.92%	8.66%	8.32%	10.4%	6.62%	6.44%	8.59%	7.56%	7.15%	12.6%	15%
Return on tangible assets	3.98%	-5.1%	3.71%	4.69%	4.61%	1.93%	2.31%	1.25%	1.77%	-16.2%	-3.89%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.76	1.45	1.35	1.32	1.57	1.3	1.14	1.11	1.15	1.06	1.06
Quick ratio	1.55	1.26	1.18	1.13	1.36	1.14	0.97	0.95	1	0.92	0.91
Debt / equity	0.61	0.52	0.38	0.33	0.27	0.27	0.42	0.46	0.45	0.53	0.59
Debt / assets	0.22	0.16	0.12	0.1	0.12	0.09	0.1	0.12	0.13	0.12	0.11
Net debt / EBITDA	1.82	1.9	1.37	1.04	-0.4	-0.6	1.48	1.68	1.41	1.91	1.59
Interest coverage	4.25	0.68	3.47	3.97	4.33	3.12	2.24	1.49	1.82	-5.6	-0.39
Effective tax rate	11%	0%	30.2%	23.7%	32.2%	25.8%	20.1%	19.5%	28.9%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	389.8	494.8	589.8	557	319.6	498.2	947.7	777	714.7	660.4	780.8
EPS (basic)	1.82	-2.5	1.89	2.71	1.72	1.17	1.83	0.86	1.14	-11	-11
EPS (diluted)	1.81	-2.5	1.89	2.69	1.71	1.16	1.82	0.86	1.13	-11	-3.17
Book value per share	28	25.5	27.2	28.7	30	30.5	32	31.8	33.2	23.4	22.2
FCF per share	0.21	-2.75	-3.78	2.24	8.68	2.13	0.96	2.99	3.25	4.07	0.38
Cash per share	10.1	5.47	3.14	2.82	10.3	10.4	4.79	4.96	6.49	3.46	2.65
Capex per share	0.11	—	—	—	—	—	—	—	—	1.17	1.22

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.03%	—	—	—	—	—	—	—	—	0.18%	0.15%
Capex / operating cash flow	4.53%	—	—	—	—	—	—	—	—	22.4%	76.4%
Payout ratio	13.1%	-9.57%	12.6%	11.7%	23.4%	38.7%	26.7%	63.3%	56.7%	-6.75%	219.3%
Dividend yield	0.52%	0.85%	1.12%	0.74%	1.29%	1.72%	1.82%	2.43%	2.37%	3.15%	2.62%

Yield

2.62%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.23

ex-dividend Jun 30, 2026

Payout ratio

219%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.23
Mar 30, 2026	$0.20
Dec 15, 2025	$0.20

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$12.2B	$12B	$11B	$11B	$10.5B	$9.8B	$9.5B	$9B	$9.4B	$9B	$9.7B	$13.6B
YoY change	-21.8%	-13.5%	-12.3%	-0.14%	-14.3%	-18.7%	-13.7%	-17.5%	-10.5%	-7.49%	+2.46%	+50.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	698.6M	372.3M	211.7M	186.1M	658.8M	652.2M	298.4M	304.3M	382.9M	193.5M
Receivables	2.3B	2.7B	2.7B	2.9B	1.2B	2.4B	3.3B	2.7B	2.4B	2.2B
Inventory	458M	505M	523.1M	593.3M	344.3M	477.9M	779.9M	664.6M	513.5M	454.2M
Total current assets	3.8B	3.9B	4B	4.2B	2.6B	4B	5.2B	4.5B	4B	3.5B
Property, plant & equipment	311.2M	242.6M	269.4M	276M	268.2M	271.5M	380.7M	407M	403M	257.7M
Goodwill & intangibles	2.2B	2.3B	2.2B	2.1B	2.1B	2.1B	3.1B	3.1B	2.9B	2.1B
Total assets	5.4B	5.6B	5.7B	6B	4.5B	5.9B	8.2B	7.4B	6.7B	5.9B
Accounts payable	1.8B	2.2B	2.4B	2.6B	1.2B	2.4B	3.5B	3.1B	2.7B	2.6B
Short-term debt	15.4M	25.6M	41.1M	54.1M	22.9M	30.6M	15.8M	78.8M	84M	11.9M
Total current liabilities	2.2B	2.7B	2.9B	3.2B	1.7B	3.1B	4.6B	4B	3.4B	3.3B
Long-term debt	1.2B	884.6M	659.9M	574.7M	501.8M	478.1M	829.9M	809.1M	796.8M	685.2M
Total liabilities	3.5B	3.8B	3.8B	4.1B	2.6B	4B	6.2B	5.4B	4.8B	4.6B
Shareholders' equity	1.9B	1.7B	1.8B	1.9B	1.9B	1.9B	2B	1.9B	2B	1.3B
Total debt	1.2B	910.2M	701M	628.8M	524.7M	508.7M	845.7M	887.9M	880.8M	697.1M
Net debt	487.6M	537.9M	489.3M	442.7M	-134.1M	-143.5M	547.3M	583.6M	497.9M	503.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	335.6M	304.3M	321.3M	524.6M	373.8M	382.9M	456.4M	403.2M	473.6M	193.5M	151.1M	135.3M
Receivables	2.9B	2.7B	2.7B	2.6B	2.5B	2.4B	2.2B	2.1B	2.1B	2.2B	2.8B	2.9B
Inventory	654.2M	664.6M	654.6M	646.7M	619.9M	513.5M	503.7M	474.9M	501.3M	454.2M	739.2M	579.3M
Total current assets	4.6B	4.5B	4.4B	4.4B	4.2B	4B	3.8B	3.6B	3.6B	3.5B	4.4B	4.2B
Property, plant & equipment	—	407M	—	—	—	403M	—	—	—	257.7M	—	—
Goodwill & intangibles	3.1B	3.1B	2.9B	2.9B	2.9B	2.9B	2.9B	2.1B	2.1B	2.1B	2.1B	2.1B
Total assets	7.5B	7.4B	7.2B	7.2B	7B	6.7B	6.6B	6.1B	6.1B	5.9B	6.8B	6.6B
Accounts payable	3.3B	3.1B	3B	3B	2.8B	2.7B	2.5B	2.5B	2.5B	2.6B	3.4B	3.3B
Short-term debt	63M	78.8M	81.1M	81.4M	85M	84M	86.8M	43.2M	28.8M	11.9M	9.1M	8.7M
Total current liabilities	4.1B	4B	3.9B	3.8B	3.6B	3.4B	3.3B	3.1B	3.2B	3.3B	4.2B	4B
Long-term debt	812.3M	809.1M	802.6M	797.8M	798M	796.8M	792.3M	775.2M	766.6M	685.2M	789.6M	736.6M
Total liabilities	5.5B	5.4B	5.2B	5.2B	4.9B	4.8B	4.7B	4.4B	4.4B	4.6B	5.6B	5.3B
Shareholders' equity	2B	1.9B	2B	2B	2.1B	2B	1.9B	1.6B	1.6B	1.3B	1.2B	1.3B
Total debt	875.3M	887.9M	883.7M	879.2M	883M	880.8M	879.1M	818.4M	795.4M	697.1M	798.7M	745.3M
Net debt	539.7M	583.6M	562.4M	354.6M	509.2M	497.9M	422.7M	415.2M	321.8M	503.6M	647.6M	610M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	126.4M	-170.3M	129M	181.1M	109.6M	74.2M	115.9M	53.7M	67.9M	-611.7M
Depreciation & amortization	82.2M	86M	81.5M	87.4M	85.8M	80.9M	107.8M	104.5M	106.4M	98.2M
Stock-based compensation	19.2M	21.2M	8.3M	23.6M	-900K	19.6M	17.6M	24.2M	28.1M	25.5M
Change in working capital	-23.2M	-267.4M	-495.8M	9.3M	497.4M	-167.3M	-482.5M	349.7M	74.9M	30.9M
Operating cash flow	161.3M	-292.2M	-283.5M	315.7M	702.8M	45.4M	-194M	559.1M	314.6M	292.9M
Capital expenditure	7.3M	—	—	—	—	—	—	—	—	-65.6M
Investing cash flow	-231.6M	212.7M	358.3M	30.4M	124.1M	-19.1M	-646.3M	-13.5M	132.7M	-170M
Dividends paid	-16.6M	-16.3M	-16.2M	-21.1M	-25.6M	-28.7M	-31M	-34M	-38.5M	-41.3M
Share repurchases	-41.2M	-61.9M	-20M	-65.4M	-68.3M	-50.5M	-48.7M	-60.1M	-100M	-85M
Financing cash flow	340.9M	-361.6M	-257.1M	-204.9M	-213M	-113.6M	237.3M	-192.4M	-230.6M	-315.1M
Net change in cash	270.6M	-441.1M	-182.3M	141.2M	613.9M	-87.3M	-603M	353.2M	216.7M	-192.2M
Free cash flow	14.6M	-187.6M	-254.8M	147.9M	552.8M	134M	59.9M	183.7M	191.7M	227.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	35.5M	-34.8M	27.2M	106.9M	35M	-101.2M	-21.3M	-339.1M	28.2M	-279.5M	25.6M	49.7M
Depreciation & amortization	26.1M	26.7M	25.3M	24.5M	25.5M	31.1M	25.6M	23.9M	23.5M	25.2M	20M	20.2M
Stock-based compensation	6.1M	8M	5.9M	5.9M	5.9M	10.4M	6.8M	2.4M	4.6M	11.7M	7.5M	7.1M
Change in working capital	37M	-14.8M	58.9M	12.6M	-122.2M	125.6M	-23.4M	112.2M	-37.5M	-20.4M	-152.2M	-162.3M
Operating cash flow	114.4M	-26.5M	106.3M	159.6M	-25.2M	76.3M	-27.1M	-294.2M	116.1M	34.2M	-46.4M	-21.3M
Capital expenditure	—	—	—	—	—	—	—	—	-14.1M	-21.4M	-13.8M	-13.8M
Investing cash flow	100K	-4M	600K	-5.1M	-46.7M	-16.5M	9.4M	-7.5M	0	-165.2M	-11.6M	-8.2M
Dividends paid	-8.4M	-8.3M	-8.4M	-10.1M	-10.1M	-9.9M	-9.7M	-9.5M	-11.1M	-11M	-10.7M	-10.2M
Share repurchases	0	-10.1M	—	-29.1M	-28.3M	-42.6M	-10M	-35M	0	-40M	-75M	-14.3M
Financing cash flow	-11.1M	-12M	-64.3M	-50.4M	-47.9M	-68M	-32.4M	-98.7M	-32.6M	-151.4M	15.4M	-72.9M
Net change in cash	103.4M	-42.5M	42.6M	104.1M	-119.8M	-8.2M	-50.1M	-400.4M	83.5M	-282.4M	-42.6M	-102.4M
Free cash flow	58.9M	-15.2M	92.7M	53.3M	-56.7M	102.4M	99.2M	13.3M	102M	12.8M	-60.2M	-35.1M

Date	Ratio
Dec 8, 2009	2:1
Feb 16, 2005	2:1
Dec 1, 1997	3:2
Jun 28, 1995	3:2

World Kinect Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history