Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026
Basics
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Country
United States
Market cap
1.9B USD
Enterprise value
2.5B USD
Full-time employees
4,003
Overall health
Drawback:less profitable than most peersless profitable than peers
Drawback:its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 1.18 vs a peer median of 0.57) and less short-term liquidity (current ratio 1.06 vs a peer median of 1.37)higher risk: bigger price swings (beta 1.18 vs peers 0.57) and less liquidity (current ratio 1.06 vs peers 1.37)
Operating margin at a 6-year low.-1.5% in 2025, the weakest of the last 6 years.
World Kinect's operating margin fell to -1.5% in 2025, its lowest in the 6 years of filings we have.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
World Kinect's fiscal-year revenue declined in each of the three years to 2025.
Share count shrinking. Shares outstanding down 17% from December 2022 to July 2026.
World Kinect had 17% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $48M profit in the quarter to June 2026.
World Kinect reported a net loss over the last twelve months, but its most recent quarter was profitable ($48M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-9.2%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.49Sector median: 0.0522 · MAD: 0.0351
EBITDA yield1.1%
SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -2.12Sector median: 0.1209 · MAD: 0.0518
Free cash flow yield1.0%
SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -1.05Sector median: 0.0618 · MAD: 0.0491
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about World Kinect
Is World Kinect getting weaker?
Its latest SEC filing (Jul 24, 2026) showed no major changes. Its overall score is unchanged at 20/100 since Oct 28, 2026.
How is World Kinect valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 404 energy peers.Earnings yield -9.2% vs a peer median of 5.2% (weaker than 100% of peers).Earnings yield -9.2% vs peers 5.2% (weaker than 100% of peers).
Is World Kinect growing?
At about the same pace as its peers. Growth scores 46/100 against 404 energy peers.Revenue growth 7.6% vs a peer median of 0.5% (stronger than 65% of peers).Revenue growth 7.6% vs peers 0.5% (stronger than 65% of peers).3-year revenue growth -7.7% vs a peer median of -1.3% (weaker than 72% of peers).3-year revenue growth -7.7% vs peers -1.3% (weaker than 72% of peers).
How profitable is World Kinect?
Less profitable than most of its peers. Profitability scores 9/100 against 404 energy peers.Return on assets -2.7% vs a peer median of 4.4% (weaker than 91% of peers).Return on assets -2.7% vs peers 4.4% (weaker than 91% of peers).
How risky is World Kinect?
Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Beta 1.18 vs a peer median of 0.57 (weaker than 91% of peers).Beta 1.18 vs peers 0.57 (weaker than 91% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 24, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Worth watching: World Kinect is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
Previous quarter
Latest quarter
Change
Revenue (12 months)
37.1B USD
41.7B USD
+12.2%
Net income (12 months)
−567.1M USD
−179.4M USD
−68.4%
Operating margin
-1.4%
-0.1%
+1.2 pts
Free cash flow (12 months)
67.9M USD
19.5M USD
−71.3%
Debt
798.8M USD
745.4M USD
−6.7%
Cash
151.1M USD
135.3M USD
−10.5%
Shares outstanding
51.4M
51.2M
−0.4%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Refining & Marketing companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
2.5%
1.8%
2.2%
2.4%
2.6%
▲ 0.1 pts
Operating margin
0.5%
0.5%
0.4%
0.5%
-1.5%
▼ 2.0 pts
Net margin
0.2%
0.2%
0.1%
0.2%
-1.7%
▼ 1.8 pts
Return on assets (ROA)
1.2%
1.4%
0.7%
1.0%
-10.5%
▼ 11 pts
Return on equity (ROE)
3.9%
5.7%
2.7%
3.5%
-47.3%
▼ 51 pts
Free cash flow margin
0.4%
0.1%
0.4%
0.5%
0.6%
▲ 0.2 pts
Current ratio
1.30×
1.14×
1.11×
1.15×
1.06×
▼ 8.2%
Quick ratio
1.14×
0.97×
0.95×
1.00×
0.92×
▼ 8.2%
Debt to equity
0.27×
0.43×
0.46×
0.45×
0.54×
▲ 19%
Interest coverage
3.02×
2.33×
1.46×
1.82×
-5.04×
▼ 378%
WKC price history
Price history is added with the daily price update and will appear after the next one.