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World Kinect Corp (WKC) stock

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NYSE: WKC NYSE Oil & Gas Refining & Marketing Next results ~February 18, 2027

C+ Fundamentals grade

World Kinect Corp is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 69% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 69% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

World Kinect Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 6 selling0 purchases and 21 sales by directors and officers, last 12 monthsInsider trades
  • Funds147 adding, 117 cuttingOf 53 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter World Kinect files

10-Q filed October 30: World Kinect

Revenue for the twelve months to September 2026 was $45.6bn, up 21.1% on a year earlier, faster than the 7.6% growth a quarter earlier. Free-cash-flow margin held at 0.2%. The diluted share count is down 6.3% on a year earlier, which lifts each remaining share.

Our model value for World Kinect is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where World Kinect stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $41.7bn, up 7.6% on a year earlier, against a decline of 8.7% a quarter earlier. That puts it 9 of 11 for growth among the oil & gas refining & marketing companies we cover. Free-cash-flow margin held at 0.0%. The diluted share count is down 7.0% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 7 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 18, 2027 (estimated)

World Kinect Corp's trailing-twelve-month revenue grew 21.1% year on year, with a free-cash-flow margin of 0.2%. Where it stands out: long-term debt as % of assets of 9.7% ranks 1 of 12 oil & gas refining & marketing companies we cover. Where it lags: free-cash-flow margin of 0.2% ranks 13 of 15 oil & gas refining & marketing companies we cover.

Our discounted-cash-flow model values the business at ~$84 per share in the base case (~$61–$120 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 74.1% while net income grew 61.7%: a 136pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 21.1% over the last 12 months, against a median of 13.2% for oil & gas refining & marketing companies we cover.
  • Growth speeding up. The growth rate is 13.4 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 6.3% in a year, so each share owns more of the business.

Things to watch

  • Loss-making. Operating margin is -0.1%: costs exceed revenue.
  • Below peers: free-cash-flow margin. Free-cash-flow margin of 0.2% ranks 13 of 15 oil & gas refining & marketing companies we cover (median 4.8%).
  • Heavily shorted. 33.4% of the shares available to trade are sold short (10.1 days of average volume to cover).
  • Earnings expected to fall. The consensus expects earnings per share to fall 29% next year.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.99 against an average estimate of $0.96: beat by 3.5%
Revenue
$13.27bn, up 41.3% on a year earlier
Share reaction
+2.0% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $0.60

World Kinect's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.8%
  • 1 week+1.9%
  • 1 month+3.3%
  • This year+61.6%
  • 1 year+47.7%
  • 5 years+47.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$45.6B
Operating margin
-0.1%
Net margin
-0.4%
EPS (TTM, diluted)
$-3.14

Growth

Revenue growth
+21.1%
Change in growth rate
+13.4 pts
Share count change
−6.3%

Cash

Free cash flow (TTM)
$81.9M
FCF margin
0.2%
Stock pay % of revenue
0.1%

Earnings

Last results
October 29, 2026
Next results (est.)
February 18, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Insider trade
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

World Kinect Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 69% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value World Kinect Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$19 ~$18–$23 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare World Kinect Corp with Oil & Gas Refining & Marketing in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$32.01$38.41$23.71$18.22$37.32$27.21$23.47$24.72$21.11$26.14$22.92$37.05
Market value$2.3bn$2.7bn$1.6bn$1.2bn$2.5bn$1.7bn$1.5bn$1.6bn$1.3bn$1.6bn$1.3bn$2.0bn
+ Net debt (− = net cash)$190m$488m$538m$489m$443m−$134m−$144m$547m$584m$498m$504m$476m
Enterprise value$2.5bn$3.2bn$2.2bn$1.7bn$2.9bn$1.6bn$1.3bn$2.1bn$1.9bn$2.1bn$1.8bn$2.4bn
Multiples
Price / sales 0.1x0.1x0.0x0.0x0.1x0.1x0.0x0.0x0.0x0.0x0.0x0.0x
Price / earnings 13.0x21.2x—9.7x13.9x15.9x20.2x13.6x24.6x23.1x——
Price / free cash flow 5.7x183.6x——16.8x3.2x11.1x25.9x7.1x8.1x5.6x24.1x
EV / EBITDA 7.9x11.7x16.4x5.0x7.6x7.2x6.0x5.5x6.2x6.5x—55.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard World Kinect's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.2% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 2.6%, moving by 0.5 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 0.4%; its worst year was -0.7%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 8 of 10 years, at a median 0.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 16.3% over five years; stock-based pay has been a median 0.0% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.60 +89% $47.2bn +28%
Next $2.56 −29% $43.4bn −8%

Next year's EPS estimate has moved +0.5% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +27.4% on 90 days ago. In the last 30 days, 3 analysts raised World Kinect Corp's forecast and 0 cut it.

Consensus EPS forecast World Kinect Corp, last 90 days
$2.00 $2.50 $3.00 $3.50 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.83 Current fiscal year, 60 days ago: $2.79 Current fiscal year, 30 days ago: $2.79 Current fiscal year, 7 days ago: $2.89 Current fiscal year, Now: $3.60 $3.60 Next fiscal year, 90 days ago: $2.55 Next fiscal year, 60 days ago: $2.43 Next fiscal year, 30 days ago: $2.43 Next fiscal year, 7 days ago: $2.45 Next fiscal year, Now: $2.56 $2.56

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.83$2.55
60 days ago $2.79$2.43
30 days ago $2.79$2.43
7 days ago $2.89$2.45
Now $3.60$2.56

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.96 $0.99 +3.5%
Jun 2026 $0.75 $1.29 +72.0%
Mar 2026 $0.31 $0.75 +139.4%
Dec 2025 $0.47 $0.30 −36.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

3 analysts, Oct 2026
Buy133%
Hold00%
Sell267%

Monthly trend

  1. Oct 20261113

Counts of recommendations published by analysts covering World Kinect Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
33.4%
of tradable shares
Days to cover
10.1
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
4.0%
of shares
Employees
4,003
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +47.7%

$25.08 on October 31, 2025 to $37.05

ThenNowEffect
Revenue (last 12 months) $38.7bn $41.7bn +7.6%
P/S multiple 0.0x 0.0x +27.7%
Share count 58m 54m +7.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +97.2%

$18.79 on November 3, 2023 to $37.05

ThenNowEffect
Revenue (last 12 months) $53.0bn $41.7bn −21.3%
P/S multiple 0.0x 0.0x +115.0%
Share count 63m 54m +16.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WKC−14%+5%−15%+24%−12%+62%
Industry peers (median)+36%+50%+11%−18%+19%+105%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WKC50%50%42%58%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WKC−32%−30%−39%−17%−24%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 61% from April 20, 2016 to October 28, 2020. Getting back needed a 155% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$22.10 – $39.99
From 52-week high
−7.4%
vs 50-day average
+3.3%
vs 200-day average
+21.5%
Volatility (1 year)
28%
Beta vs S&P 500
0.18

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±7.0%
After a week
7 up, 4 down
typical move ±7.5%
After a month
5 up, 6 down
typical move ±8.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +2.0% −2.1% — —
July 23, 2026 +5.1% −1.1% +9.5% −0.9%
April 23, 2026 +12.6% +0.4% +16.4% +27.3%
February 19, 2026 −5.5% +0.5% −4.8% −14.3%
October 23, 2025 +4.2% +1.4% +1.3% −6.3%
July 31, 2025 −8.7% −2.0% −9.0% −3.1%
April 24, 2025 +0.6% +2.8% +6.0% +13.9%
February 20, 2025 +12.7% −2.1% +9.3% +2.9%
October 24, 2024 −14.9% +0.2% −15.7% −7.4%
July 25, 2024 +0.6% +0.6% +3.3% +6.3%
April 25, 2024 −8.1% +0.6% −5.2% −0.3%
February 22, 2024 +9.2% +2.1% +2.4% +10.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

World Kinect Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) World Kinect Corp
$35B $40B $45B $50B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $47.7B Revenue (TTM), FY24 Q1: $46.2B Revenue (TTM), FY24 Q2: $46.2B Revenue (TTM), FY24 Q3: $44.4B Revenue (TTM), FY24 Q4: $42.2B Revenue (TTM), FY25 Q1: $40.7B Revenue (TTM), FY25 Q2: $38.7B Revenue (TTM), FY25 Q3: $37.6B Revenue (TTM), FY25 Q4: $36.9B Revenue (TTM), FY26 Q1: $37.1B Revenue (TTM), FY26 Q2: $41.7B Revenue (TTM), FY26 Q3: $45.6B $45.6B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $47.7B
FY24 Q1 $46.2B
FY24 Q2 $46.2B
FY24 Q3 $44.4B
FY24 Q4 $42.2B
FY25 Q1 $40.7B
FY25 Q2 $38.7B
FY25 Q3 $37.6B
FY25 Q4 $36.9B
FY26 Q1 $37.1B
FY26 Q2 $41.7B
FY26 Q3 $45.6B
Revenue growth, TTM YoY World Kinect Corp
-40% -20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -19.2% Revenue growth, TTM YoY, FY24 Q1: -21.9% Revenue growth, TTM YoY, FY24 Q2: -12.9% Revenue growth, TTM YoY, FY24 Q3: -10.4% Revenue growth, TTM YoY, FY24 Q4: -11.6% Revenue growth, TTM YoY, FY25 Q1: -11.9% Revenue growth, TTM YoY, FY25 Q2: -16.1% Revenue growth, TTM YoY, FY25 Q3: -15.2% Revenue growth, TTM YoY, FY25 Q4: -12.5% Revenue growth, TTM YoY, FY26 Q1: -8.7% Revenue growth, TTM YoY, FY26 Q2: 7.6% Revenue growth, TTM YoY, FY26 Q3: 21.1% 21.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -19.2%
FY24 Q1 -21.9%
FY24 Q2 -12.9%
FY24 Q3 -10.4%
FY24 Q4 -11.6%
FY25 Q1 -11.9%
FY25 Q2 -16.1%
FY25 Q3 -15.2%
FY25 Q4 -12.5%
FY26 Q1 -8.7%
FY26 Q2 7.6%
FY26 Q3 21.1%
Operating margin (TTM) World Kinect Corp
-2% -1% 0% 1% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 0.4% Operating margin (TTM), FY24 Q1: 0.4% Operating margin (TTM), FY24 Q2: 0.4% Operating margin (TTM), FY24 Q3: 0.4% Operating margin (TTM), FY24 Q4: 0.5% Operating margin (TTM), FY25 Q1: 0.3% Operating margin (TTM), FY25 Q2: -0.6% Operating margin (TTM), FY25 Q3: -0.7% Operating margin (TTM), FY25 Q4: -1.5% Operating margin (TTM), FY26 Q1: -1.4% Operating margin (TTM), FY26 Q2: -0.1% Operating margin (TTM), FY26 Q3: -0.1% -0.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 0.4%
FY24 Q1 0.4%
FY24 Q2 0.4%
FY24 Q3 0.4%
FY24 Q4 0.5%
FY25 Q1 0.3%
FY25 Q2 -0.6%
FY25 Q3 -0.7%
FY25 Q4 -1.5%
FY26 Q1 -1.4%
FY26 Q2 -0.1%
FY26 Q3 -0.1%
FCF margin (TTM) World Kinect Corp
0% 0.5% 1% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 0.4% FCF margin (TTM), FY24 Q1: 0.3% FCF margin (TTM), FY24 Q2: 0.4% FCF margin (TTM), FY24 Q3: 0.2% FCF margin (TTM), FY24 Q4: 0.5% FCF margin (TTM), FY25 Q1: 0.5% FCF margin (TTM), FY25 Q2: 0.4% FCF margin (TTM), FY25 Q3: 0.8% FCF margin (TTM), FY25 Q4: 0.6% FCF margin (TTM), FY26 Q1: 0.2% FCF margin (TTM), FY26 Q2: 0.0% FCF margin (TTM), FY26 Q3: 0.2% 0.2%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 0.4%
FY24 Q1 0.3%
FY24 Q2 0.4%
FY24 Q3 0.2%
FY24 Q4 0.5%
FY25 Q1 0.5%
FY25 Q2 0.4%
FY25 Q3 0.8%
FY25 Q4 0.6%
FY26 Q1 0.2%
FY26 Q2 0.0%
FY26 Q3 0.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 11.3 19.1 34.6 38.9 41.6 43.4 30.4 27.0 33.7 39.8 36.8 20.4 31.3 59.0 47.7 42.2 36.9 45.6
Gross profit 0.4 0.4 0.6 0.7 0.8 0.8 0.9 0.9 0.9 1.0 1.1 0.9 0.8 1.1 1.1 1.0 0.9 1.2
EBITDA 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.1 0.3 0.4 0.2 0.2 0.4 0.3 0.3 −0.5 0.0
Operating income 0.2 0.2 0.3 0.3 0.3 0.3 0.2 0.2 0.0 0.3 0.3 0.1 0.1 0.3 0.2 0.2 −0.6 −0.0
Net income 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.1 −0.2 0.1 0.2 0.1 0.1 0.1 0.1 0.1 −0.6 −0.2
Diluted EPS $1.96 $2.31 $2.71 $2.64 $2.83 $3.15 $2.47 $1.81 −$2.50 $1.89 $2.69 $1.71 $1.16 $1.82 $0.86 $1.13 −$10.99 −$3.14
Growth (year on year)
Revenue −39.0% +69.4% +81.0% +12.5% +6.7% +4.4% −30.0% −11.1% +24.7% +18.0% −7.4% −44.7% +53.9% +88.4% −19.2% −11.6% −12.5% +21.1%
Margins
Gross margin 3.3% 2.3% 1.8% 1.7% 1.8% 1.9% 2.8% 3.3% 2.8% 2.6% 3.0% 4.2% 2.5% 1.8% 2.2% 2.4% 2.6% 2.5%
EBITDA margin 1.5% 1.0% 0.9% 0.8% 0.7% 0.8% 1.0% 1.0% 0.4% 0.9% 1.1% 1.1% 0.7% 0.6% 0.6% 0.8% −1.3% 0.1%
Operating margin 1.4% 0.9% 0.7% 0.7% 0.6% 0.6% 0.8% 0.7% 0.1% 0.7% 0.8% 0.7% 0.5% 0.5% 0.4% 0.5% −1.5% −0.1%
Net margin 1.0% 0.8% 0.6% 0.5% 0.5% 0.5% 0.6% 0.5% −0.5% 0.3% 0.5% 0.5% 0.2% 0.2% 0.1% 0.2% −1.7% −0.4%
Free-cash-flow margin 0.6% −0.3% −0.5% 0.3% 0.4% 0.2% 1.3% 0.1% −0.6% −0.6% 0.4% 2.7% 0.4% 0.1% 0.4% 0.5% 0.6% 0.2%
Cash flow
Cash from operations 0.1 −0.0 −0.1 0.1 0.3 0.1 0.4 0.1 −0.1 −0.2 0.2 0.6 0.2 0.1 0.3 0.3 0.3 0.1
Capital spending 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1
Free cash flow 0.1 −0.0 −0.2 0.1 0.2 0.1 0.4 0.0 −0.2 −0.3 0.1 0.6 0.1 0.1 0.2 0.2 0.2 0.1
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 −0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 0.1 −0.1 −0.2 0.1 0.2 0.1 0.4 −0.0 −0.2 −0.3 0.1 0.6 0.1 0.0 0.2 0.2 0.2 0.0
Balance sheet
Cash 0.3 0.3 0.2 0.2 0.3 0.3 0.6 0.7 0.4 0.2 0.2 0.7 0.7 0.3 0.3 0.4 0.2 0.2
Total debt 0.0 0.0 0.3 0.4 0.5 0.7 0.8 1.2 0.9 0.7 0.6 0.5 0.5 0.8 0.9 0.9 0.7 0.7
Net debt (negative = net cash) −0.3 −0.2 0.1 0.2 0.2 0.4 0.2 0.5 0.5 0.5 0.4 −0.1 −0.1 0.5 0.6 0.5 0.5 0.5
Diluted shares 60m 63m 72m 72m 72m 71m 71m 70m 68m 68m 67m 64m 63m 63m 62m 60m 56m 53m
Returned to shareholders
Dividends 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Buybacks — — — — 0.0 0.0 0.1 0.0 0.1 0.0 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1
Total returned 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · September 30, 2026
What it owns · $7.0bn
Short-term assets $4.6bnLonger-term assets $2.4bn
What it owes, and who funded it · $7.0bn
Short-term liabilities $4.5bnLonger-term liabilities $1.3bnShareholders' equity $1.3bn
  • Short-term assets cover short-term liabilities $4.6bn of assets due within a year against $4.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.6bn short-term assets against $1.3bn of longer-dated liabilities.
  • More cash than debt $218m of cash against $684m of debt.
  • Debt below 40% of shareholders' equity Debt is 53% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 45% to 53% over five years.
  • A year's operating cash flow covers at least 20% of debt $142m of operating cash flow against $684m of debt.
  • Operating profit covers interest at least five times over Operating income of −$43m against $123m of interest.

From World Kinect Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$129M
Dividends (TTM)
$43.6M
Returned to shareholders
211%
of free cash flow
Buybacks, last 3 fiscal years
$245M
Diluted share count
−6.3%
year over year
Total shareholder yield
9.1%
dividends 2.3% + buybacks 6.8% of market value
Days sales outstanding
25 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas refining & marketing
Last 12 months unless stated WKC PBF DINO UGP VLO MPC Median
Revenue, last 12 months $45.6bn $38.9bn $34.8bn $25.5bn $153.3bn $153.6bn $10.3bn
Revenue growth, last 12 months 21.1% 31.5% 29.5% 2.5% 24.6% 15.0% 13.0%
Revenue growth, 3-year average −2.8% −1.0% 1.5% — 0.5% −0.7% −0.8%
Revenue growth, latest quarter 41.3% 58.6% 49.7% — 43.3% 53.8% 46.4%
Gross margin 2.5% 8.9% 18.5% 6.6% 12.3% 12.5% 8.0%
Operating margin −0.1% 9.8% 13.5% 0.1% 11.5% 9.2% 2.9%
Operating margin, 3-year average −0.1% 2.3% 5.8% — 5.6% 7.0% 2.3%
Net margin −0.4% 7.0% 10.1% 1.7% 8.4% 5.6% 1.8%
Cash from operations / revenue 0.3% 9.0% 10.8% 3.8% 10.4% 11.2% 5.1%
Free-cash-flow margin 0.2% 6.8% 9.4% 3.0% 9.3% 8.4% 4.8%
Free-cash-flow margin, 3-year average 0.4% 1.1% 5.2% 1.7% 4.7% 5.7% 2.4%
Stock pay / revenue 0.1% 0.1% 0.1% 0.0% 0.1% 0.1% 0.1%
Change in share count −6.3% 4.3% −4.3% −2.0% −5.8% −6.5% −1.4%

Median of all 16 companies we cover in oil & gas refining & marketing. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

16 oil & gas refining & marketing companies
Measure Company Peer median Rank
Revenue growth Growth 21.1% 13.2% 6 of 16
Change in growth rate Growth +13.4pp +12.9pp 5 of 16
Gross margin Profitability 2.5% 7.1% 10 of 14
Operating margin Profitability -0.1% 4.8% 10 of 14
Net margin Profitability -0.4% 1.9% 11 of 16
Free-cash-flow margin Cash generation 0.2% 4.8% 13 of 15
Stock pay as % of revenue Cash generation 0.1% 0.1% 5 of 11
Long-term debt as % of assets Balance sheet 9.7% 23.4% 1 of 12
Change in share count Balance sheet -6.3% -1.4% 3 of 15
Days sales outstanding Balance sheet 25 days 26 days 5 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue YoY
North America $20B ▼ 8.2%
United States $19.3B ▼ 7.8%
EMEA $7.9B ▼ 18.1%
Americas Excluding United States $5.1B ▼ 17.6%
Asia Pacific $4.6B ▼ 14.8%
Singapore $4.5B ▼ 15.1%
Latin America $4.4B ▼ 19.3%
United Kingdom $3.1B ▼ 35.4%

These categories overlap or exclude eliminations, so shares aren't shown.

From World Kinect Corp's 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2B
Institutions reporting
292
Shares held vs prior quarter
▲ 5.1%
Positions opened / closed
60 / 25

Top buyers and sellers, Q2 2026: 147 institutions bought and 117 sold ; the biggest buyer was AQR Capital Management LLC (+1.1M shares) and the biggest seller State Street Corp (−651K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $321M 9.7M 16.4% ▲ 11.5%
Brandes Investment Partners, LP $145M 4.4M 7.4% ▲ 2.6%
Vanguard Portfolio Management LLC $126M 3.8M 6.4% ▼ 1.2%
State Street Corp $111M 3.4M 5.7% ▼ 16.2%
Dimensional Fund Advisors LP $96.5M 2.9M 4.9% ▼ 9.6%
Vanguard Capital Management LLC $73.6M 2.2M 3.8% ▲ 0.2%
LSV Asset Management $64.9M 2.0M 3.3% ▼ 0.2%
Invesco Ltd. $64M 1.9M 3.3% ▼ 15.8%
American Century Companies Inc $54.1M 1.6M 2.8% ▲ 16.4%
AQR Capital Management LLC $45.5M 1.4M 2.3% ▲ 377.1%
Geode Capital Management, LLC $43.2M 1.3M 2.2% ▼ 2.3%
Charles Schwab Investment Management Inc $35.2M 1.1M 1.8% ▼ 12.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not World Kinect Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $7.3M 21 trades by 6 insiders · 61% under pre-set plans
Net ▼ $7.3M net selling
Insider Date Trade Shares Price Value
Kasbar Michael J Executive Chairman October 2, 2026 Sell pre-set plan 10,000 $35.67 $356,687
Kasbar Michael J Executive Chairman September 2, 2026 Sell pre-set plan 10,000 $35.40 $354,000
Tejada Jose-Miguel EVP, Chief Financial Officer August 13, 2026 Sell 6,000 $37.16 $222,960
Kasbar Michael J Executive Chairman August 3, 2026 Sell pre-set plan 10,000 $39.41 $394,100
Manley John L Director July 29, 2026 Sell 10,000 $39.88 $398,800
Stebbins Paul H Director July 29, 2026 Sell 33,445 $39.93 $1.3M
Kasbar Michael J Executive Chairman July 10, 2026 Sell pre-set plan 25,000 $35.04 $876,000
Kasbar Michael J Executive Chairman July 2, 2026 Sell pre-set plan 10,000 $33.38 $333,800
Kasbar Michael J Executive Chairman June 8, 2026 Sell pre-set plan 19,300 $30.17 $582,281
Kasbar Michael J Executive Chairman June 5, 2026 Sell pre-set plan 700 $30.00 $21,000
Kasbar Michael J Executive Chairman June 2, 2026 Sell pre-set plan 10,000 $29.15 $291,500
Kassar Richard A Director May 11, 2026 Sell 10,000 $26.97 $269,700

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 18, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 23, 2026
  • April 23, 2026
  • February 19, 2026
  • October 23, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on World Kinect Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

World Kinect Corp in brief

What does World Kinect Corp do?
World Kinect Corp is a US-listed company in the oil & gas refining & marketing industry. Its financial year ends in December.
What is World Kinect Corp's stock ticker?
World Kinect Corp trades under the ticker WKC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is World Kinect Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, World Kinect Corp reported revenue of $45.6B, 21.1% higher than a year earlier, according to its SEC filings.
What is World Kinect Corp's free cash flow?
World Kinect Corp's free-cash-flow margin is 0.2% of revenue over the trailing twelve months, ranking 13 of the 15 oil & gas refining & marketing companies we cover.
Who are World Kinect Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Brandes Investment Partners, LP and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is World Kinect Corp buying back stock, and does it pay a dividend?
World Kinect Corp spent $129M on share repurchases over the trailing twelve months, and its diluted share count fell 6.3% over the year.
What is World Kinect Corp's market cap?
On November 2, 2026, World Kinect Corp's market capitalisation was about $2B and net debt of $476M. Market figures come from third-party market data and may be delayed.
Does World Kinect Corp pay a dividend?
Yes: World Kinect Corp paid $43.6M in dividends over the trailing twelve months, a dividend yield of 2.30%.
How much debt does World Kinect Corp have?
World Kinect Corp's debt-to-equity ratio is 53.5%, from its latest balance sheet (44.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are World Kinect Corp's competitors?
In our Oil & Gas Refining & Marketing peer group, the companies closest to World Kinect Corp are PBF Energy Inc., HF Sinclair Corp, Ultrapar Holdings Inc, Valero Energy and Marathon Petroleum. The side-by-side comparison below sets their revenue, margins and growth against World Kinect Corp's.
Are insiders buying or selling World Kinect Corp stock?
Over the last 12 months, World Kinect Corp's directors and officers reported 0 open-market purchases and 21 sales on Form 4. The insider trading page charts every trade.
When is World Kinect Corp's next earnings date?
Around February 18, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — World Kinect Corp announces its own schedule.