Stocks · Industrials · Wholesale-Petroleum & Petroleum Products (No Bulk Stations)

WORLD KINECT CORP

WKC Clue Score34
United States Fiscal year ends December CIK 0000789460
$36.41 -2.23% Close, 9 Oct 2026
Price $36.41 +11.72% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue27.02Operating income0.19Net income0.13EPS, diluted1.81Fiscal year 2017Revenue33.70 +24.7%Operating income0.05Net income−0.17 −234.5%EPS, diluted−2.50 −238.1%Fiscal year 2018Revenue39.75 +18.0%Operating income0.26Net income0.13EPS, diluted1.89Fiscal year 2019Revenue36.82 −7.4%Operating income0.30Net income0.18 +40.1%EPS, diluted2.69 +42.3%Fiscal year 2020Revenue20.36 −44.7%Operating income0.14Net income0.11 −38.7%EPS, diluted1.71 −36.4%Fiscal year 2021Revenue31.34 +53.9%Operating income0.14Net income0.07 −32.8%EPS, diluted1.16 −32.2%Fiscal year 2022Revenue59.04 +88.4%Operating income0.27Net income0.11 +54.8%EPS, diluted1.82 +56.9%Fiscal year 2023Revenue47.71 −19.2%Operating income0.20Net income0.05 −53.6%EPS, diluted0.86 −52.7%Fiscal year 2024Revenue42.17 −11.6%Operating income0.21Net income0.07 +27.4%EPS, diluted1.13 +31.4%Fiscal year 2025Revenue36.92 −12.5%Operating income−0.56Net income−0.61 −1,011.6%EPS, diluted−10.99 −1,072.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 27.02 33.70 39.75 36.82 20.36 31.34 59.04 47.71 42.17 36.92
Growth +24.7% +18.0% −7.4% −44.7% +53.9% +88.4% −19.2% −11.6% −12.5%
Operating income 0.19 0.05 0.26 0.30 0.14 0.14 0.27 0.20 0.21 −0.56
Net income 0.13 −0.17 0.13 0.18 0.11 0.07 0.11 0.05 0.07 −0.61
Growth −234.5% +40.1% −38.7% −32.8% +54.8% −53.6% +27.4% −1,011.6%
EPS, diluted 1.81 −2.50 1.89 2.69 1.71 1.16 1.82 0.86 1.13 −10.99
Growth −238.1% +42.3% −36.4% −32.2% +56.9% −52.7% +31.4% −1,072.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin3.3%Operating margin0.7%Net margin0.5%Free cash flow margin0.1%Fiscal year 2017Gross margin2.8%Operating margin0.1%Net margin−0.5%Free cash flow margin−0.6%Fiscal year 2018Gross margin2.6%Operating margin0.7%Net margin0.3%Free cash flow margin−0.6%Fiscal year 2019Gross margin3.0%Operating margin0.8%Net margin0.5%Free cash flow margin0.4%Fiscal year 2020Gross margin4.2%Operating margin0.7%Net margin0.5%Free cash flow margin2.7%Fiscal year 2021Gross margin2.5%Operating margin0.5%Net margin0.2%Free cash flow margin0.4%Fiscal year 2022Gross margin1.8%Operating margin0.5%Net margin0.2%Free cash flow margin0.1%Fiscal year 2023Gross margin2.2%Operating margin0.4%Net margin0.1%Free cash flow margin0.4%Fiscal year 2024Gross margin2.4%Operating margin0.5%Net margin0.2%Free cash flow margin0.5%Fiscal year 2025Gross margin2.6%Operating margin−1.5%Net margin−1.7%Free cash flow margin0.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 3.3% 2.8% 2.6% 3.0% 4.2% 2.5% 1.8% 2.2% 2.4% 2.6%
Operating margin 0.7% 0.1% 0.7% 0.8% 0.7% 0.5% 0.5% 0.4% 0.5% −1.5%
Net margin 0.5% −0.5% 0.3% 0.5% 0.5% 0.2% 0.2% 0.1% 0.2% −1.7%
Free cash flow margin 0.1% −0.6% −0.6% 0.4% 2.7% 0.4% 0.1% 0.4% 0.5% 0.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.05Capital expenditure−0.04Free cash flow0.01Buybacks−0.04Dividends paid−0.02Fiscal year 2017Operating cash flow−0.13Capital expenditure−0.05Free cash flow−0.19 −1,384.9%Buybacks−0.06Dividends paid−0.02Fiscal year 2018Operating cash flow−0.18Capital expenditure−0.07Free cash flow−0.25Buybacks−0.02Dividends paid−0.02Fiscal year 2019Operating cash flow0.23Capital expenditure−0.08Free cash flow0.15Buybacks−0.07Dividends paid−0.02Fiscal year 2020Operating cash flow0.60Capital expenditure−0.05Free cash flow0.55 +273.8%Buybacks−0.07Dividends paid−0.03Fiscal year 2021Operating cash flow0.17Capital expenditure−0.04Free cash flow0.13 −75.8%Buybacks−0.05Dividends paid−0.03Fiscal year 2022Operating cash flow0.14Capital expenditure−0.08Free cash flow0.06 −55.3%Buybacks−0.05Dividends paid−0.03Fiscal year 2023Operating cash flow0.27Capital expenditure−0.09Free cash flow0.18 +206.7%Buybacks−0.06Dividends paid−0.03Fiscal year 2024Operating cash flow0.26Capital expenditure−0.07Free cash flow0.19 +4.4%Buybacks−0.10Dividends paid−0.04Fiscal year 2025Operating cash flow0.29Capital expenditure−0.07Free cash flow0.23 +18.6%Buybacks−0.09Dividends paid−0.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.05 −0.13 −0.18 0.23 0.60 0.17 0.14 0.27 0.26 0.29
Capital expenditure −0.04 −0.05 −0.07 −0.08 −0.05 −0.04 −0.08 −0.09 −0.07 −0.07
Free cash flow 0.01 −0.19 −0.25 0.15 0.55 0.13 0.06 0.18 0.19 0.23
Growth −1,384.9% +273.8% −75.8% −55.3% +206.7% +4.4% +18.6%
Buybacks −0.04 −0.06 −0.02 −0.07 −0.07 −0.05 −0.05 −0.06 −0.10 −0.09
Dividends paid −0.02 −0.02 −0.02 −0.02 −0.03 −0.03 −0.03 −0.03 −0.04 −0.04

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.70Shareholders’ equity1.93Fiscal year 2017Cash0.37Shareholders’ equity1.72Fiscal year 2018Cash0.21Shareholders’ equity1.82Fiscal year 2019Cash0.19Shareholders’ equity1.89Fiscal year 2020Cash0.66Shareholders’ equity1.91Fiscal year 2021Cash0.65Shareholders’ equity1.91Fiscal year 2022Cash0.30Shareholders’ equity1.98Fiscal year 2023Cash0.30Shareholders’ equity1.94Fiscal year 2024Cash0.38Shareholders’ equity1.95Fiscal year 2025Cash0.19Shareholders’ equity1.30
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.70 0.37 0.21 0.19 0.66 0.65 0.30 0.30 0.38 0.19
Shareholders’ equity 1.93 1.72 1.82 1.89 1.91 1.91 1.98 1.94 1.95 1.30

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
27.02 33.70 39.75 36.82 20.36 31.34 59.04 47.71 42.17 36.92
Growth +24.7% +18.0% −7.4% −44.7% +53.9% +88.4% −19.2% −11.6% −12.5%
26.12 32.76 38.73 35.71 19.51 30.55 57.95 46.65 41.14 35.97
0.90 0.93 1.02 1.11 0.85 0.79 1.09 1.06 1.03 0.95
Growth +3.7% +9.3% +9.2% −23.4% −7.5% +38.2% −2.8% −3.0% −7.7%
0.30 0.31 0.30 0.32 0.31 0.25 0.31 0.31 0.30 0.28
0.19 0.05 0.26 0.30 0.14 0.14 0.27 0.20 0.21 −0.56
Growth −75.9% +469.5% +15.4% −54.0% +3.4% +91.6% −27.5% +6.4% −368.1%
0.14 −0.02 0.18 0.24 0.16 0.10 0.15 0.07 0.10 −0.74
0.02 0.15 0.06 0.06 0.05 0.03 0.03 0.01 0.03 −0.13
0.13 −0.17 0.13 0.18 0.11 0.07 0.11 0.05 0.07 −0.61
Growth −234.5% +40.1% −38.7% −32.8% +54.8% −53.6% +27.4% −1,011.6%
Per share
1.82 −2.50 1.89 2.71 1.72 1.17 1.83 0.86 1.14 −10.99
1.81 −2.50 1.89 2.69 1.71 1.16 1.82 0.86 1.13 −10.99
Growth −238.1% +42.3% −36.4% −32.2% +56.9% −52.7% +31.4% −1,072.6%
69.3 68.1 67.4 66.1 63.7 62.9 62.3 61.4 59.0 55.9
69.8 68.1 67.7 66.5 64.0 63.3 62.7 61.7 59.5 55.9
Growth −2.4% −0.6% −1.8% −3.8% −1.1% −0.9% −1.6% −3.6% −6.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 12.6% a year over five years.
  • The diluted share count fell 12.7% in five years, so buybacks did some of the work per share.
  • Operating margin is down 2.2 points on five years ago, at -1.5%.
  • A net loss in 2 of 10 years on file.