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Earnings transcript
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WKC
World Kinect Corporation
$31.13
0.98
(3.25%)
| Exchange: | NYSE |
| Market Cap: | 1.599B |
| Shares Outstanding: | 16M |
Delayed data
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Refining & Marketing | |||||
| CEO: | Ira Birns | |||||
| Full Time Employees: | 4745 | |||||
| Address: |
| |||||
| Website: | https://worldkinect.com |
World Kinect Corporation (WKC) is a global leader in providing comprehensive fuel and energy solutions, along with associated products and services, across the aviation, marine, and land transportation sectors. The company’s Aviation division delivers fuel, complementary products, and vital support services to a diverse clientele. This includes major commercial, regional, cargo, and low-cost airlines, as well as airports, fixed-base operators (FBOs), corporate and private aircraft, charter and fractional operators, and governmental and military entities worldwide. Beyond fuel supply, its offerings encompass fuel and price risk management, ground handling, dispatch, and extensive trip planning services, including flight scheduling, weather intelligence, and overflight permit facilitation. WKC’s Land division supplies a broad range of energy products, including fuel, lubricants, heating oil, natural gas, and electricity, along with associated services. Its customer base spans retail fuel networks, industrial and commercial enterprises, residential consumers, and governmental organizations. Key services include energy procurement, price risk management, and sustainability initiatives, such as carbon footprint reduction and renewable energy solutions. Furthermore, it manages long-term supply agreements for branded and unbranded fuels to distributors, convenience stores, and third-party retail outlets, while also providing heating oil and unbranded fuel distribution, coupled with comprehensive transportation logistics. The Marine segment caters to a diverse global maritime industry, providing fuel, lubricants, and ancillary marine solutions to international shipping fleets (container, dry bulk, tanker), cruise lines, yachts, charter operators, offshore rig owners, governmental bodies, and other fuel providers. This segment offers comprehensive fuel management services, encompassing procurement, stringent cost and quality control, and claims handling. Additionally, it directly facilitates the fueling of vessels and manages the transportation and delivery of its marine energy products. Established in 1984, the company was previously known as World Fuel Services Corporation before rebranding as World Kinect Corporation in June 2023. It maintains its headquarters in Miami, Florida.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 47,908,900 | 42,297,200 | 36,928,000 |
| Gross Profit | 784,325.101 | 714,699.999 | 534,599.999 |
| EBITDA | 323,325.101 | 332,400 | -532,000 |
| Operating Income | 476,325.101 | 417,600 | 254,000 |
| Net Income | 52,900 | 67,400 | -614,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 7,375,300 | 6,731,800 | 5,863,900 |
| Total Liabilities | 5,425,600 | 4,775,900 | 4,556,000 |
| Total Stockholders Equity | 1,943,000 | 1,948,700 | 1,299,100 |
| Total Debt | 1,078,000 | 880,800 | 697,100 |
| Cash and Cash Equivalents | 304,300 | 382,900 | 193,500 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 271,300 | 259,900 | 292,900 |
| Capital Expenditure | -87,600 | -68,200 | -65,599.999 |
| Free Cash Flow | 183,700 | 191,700 | 227,300 |
| Net Income | 52,900 | 67,900 | -611,700 |
| Net Change in Cash | 5,900 | 78,600 | -189,400 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 34,236,015.178 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 34,236,015.179 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 34,236,015.179 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 93,487.481 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 93,487.481 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 93,487.481 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 62,352.537 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 70,327.033 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 66,339.785 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 234,474.738 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 234,474.738 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 234,474.738 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.210 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.280 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.140 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance in Q3 2025: As highlighted in the latest earnings call transcript, WKC reported strong third-quarter results for 2025, with key financial metrics such as revenue and operating income showing positive trends compared to prior periods. This indicates operational resilience and effective cost management.
- Positive Free Cash Flow Generation: Analysis of the cash flow statements reveals consistent net cash provided by operating activities and positive free cash flow over recent periods. This financial health supports reinvestment in growth initiatives and debt servicing.
- Strategic Leadership Transition: The earnings call emphasized a leadership transition aimed at enhancing strategic execution. This move is positioned to drive long-term shareholder value through improved decision-making and operational focus.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates WKC intrinsic value between $47.36 – $47.41 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about WKC valuation
Is World Kinect Corporation (WKC) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for World Kinect Corporation (WKC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is WKC a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether WKC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is WKC’s P/E ratio?
You can see WKC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for WKC?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is WKC a good long-term investment?
Whether WKC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
WKC
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