World Kinect (WKC) AI Stock Analysis

• Market Cap: $1.43B
• Dividend Yield: 2.84%
• Average Volume (3M): 532.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: -15.32%
• EPS Growth: -442.37%
• Country: US
• Employees: 4,745
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 0.54
• Shares Outstanding: 55,558,773
• 10 Day Avg. Volume: 674,564
• 30 Day Avg. Volume: 532,504
• PEG Ratio: 0.74
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.04
• P/FCF Ratio: 8.47
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 0.05
• Enterprise Value/Gross Profit: 3.15
• Enterprise Value/Ebitda: -5.59
• 1Y Price Target: $26.50
• Price Target Upside: 3.23% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): 2.26
• Revenue Forecast (FY): $37.31B

• Rating: 54 Neutral
• Price Target: $26.00 ▲(1.29% Upside)

World Kinect's overall stock score reflects significant financial challenges, particularly in profitability, which is a major concern. The technical analysis provides a neutral outlook, while the earnings call highlights both strategic initiatives and ongoing operational challenges. The valuation is constrained by negative earnings, although the dividend yield offers some investor appeal. The company's ability to improve profitability and capitalize on strategic acquisitions will be crucial for future performance.

Positive Factors

Strong Cash Flow Generation

Strong cash flow generation indicates robust cash management and operational efficiency, providing financial flexibility for strategic investments and debt management.

Strategic Acquisition

This acquisition enhances WKC's service offerings and market position, potentially boosting earnings and competitive advantage in the aviation segment.

Leadership Transition

A new CEO can bring fresh perspectives and strategies, potentially revitalizing the company's direction and improving long-term performance.

Negative Factors

Declining Revenue

Declining revenue indicates challenges in maintaining market share and competitiveness, which can impact long-term profitability and growth prospects.

Negative Profit Margins

Negative profit margins suggest inefficiencies and cost management issues, which can hinder the company's ability to generate sustainable profits.

Segment Profitability Issues

Profitability issues in key segments like marine highlight operational challenges and market pressures, potentially affecting overall financial health.

World Kinect Business Overview & Revenue Model

Company Description

World Kinect Corporation engages in the distribution of fuel and related products and services in the aviation, marine and land transportation industries worldwide. Its Aviation segment supplies fuel and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, charters, fractional operators, private aircraft, the U.S., foreign governments, intergovernmental, and military customers. This segment also offers fuel management, price risk management, ground handling, dispatch services and trip planning services, such as flight planning and scheduling, weather reports and overflight permits. Its Land segment offers fuel, lubricants, heating oil, natural gas, power, and related products and services to retail petroleum operators, as well as industrial, commercial, residential and government customers. This segment also offers energy procurement management, price risk management, and sustainability solutions, such as carbon management and renewable energy solutions; distributes fuel under long-term contracts to branded and unbranded distributors, convenience stores, and retail fuel outlets operated by third parties; and distributes heating oil and unbranded fuel, as well as offers transportation logistics. Its Marine segment markets fuel, lubricants, and related products and services to international container, dry bulk and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S., foreign governments, and other fuel suppliers. Its marine fuel-related services include management services to procure fuel, cost control, quality control, and claims management services. This segment also engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was formerly known as World Fuel Services Corporation and changed its name to World Kinect Corporation in June 2023. World Kinect Corporation was incorporated in 1984 and is headquartered in Miami, Florida.

How the Company Makes Money

World Kinect generates revenue primarily through the sale of energy products and services, including fuel supply contracts, energy management solutions, and logistics services. Key revenue streams include direct sales of natural gas, propane, and heating oil, as well as long-term contracts with businesses and government entities for energy procurement. Additionally, WKC earns revenue from value-added services like energy consulting and sustainability solutions. Significant partnerships with energy producers and logistics providers enhance WKC's market reach and operational efficiency, contributing to its earnings. The company's focus on sustainable practices also positions it favorably in a market increasingly driven by environmental considerations.

World Kinect Financial Statement Overview

Summary

World Kinect faces significant challenges in its income statement with declining revenues and negative margins, impacting overall profitability. The balance sheet remains stable with a reasonable debt position, but profitability issues are affecting return metrics. Cash flow generation shows resilience, with strong free cash flow growth, suggesting potential for recovery if operational efficiencies improve. Overall, the company needs to address its profitability issues to enhance its financial health.

Income Statement

World Kinect's income statement shows a challenging environment with declining revenue and negative profitability in the TTM period. The gross profit margin has slightly improved over the years, but the net profit margin has turned negative, indicating operational difficulties. Revenue growth has been negative, reflecting industry pressures or competitive challenges. The EBIT and EBITDA margins have also deteriorated, highlighting inefficiencies or increased costs.

Balance Sheet

The balance sheet presents a moderate financial position with a manageable debt-to-equity ratio, which has slightly improved in the TTM period. However, the return on equity has turned negative, reflecting the company's inability to generate profits from its equity base. The equity ratio remains stable, suggesting a balanced asset structure but with potential risks due to declining profitability.

Cash Flow

Cash flow analysis reveals a positive trend in free cash flow growth, particularly in the TTM period, indicating improved cash generation capabilities. The operating cash flow to net income ratio is relatively low, suggesting that cash generation from operations is not fully aligned with net income. However, the free cash flow to net income ratio is strong, indicating efficient cash management despite profitability challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	37.63B	42.30B	47.91B	58.98B	31.30B	20.09B
Gross Profit	564.70M	714.70M	784.33M	522.00M	66.10M	522.60M
EBITDA	-318.70M	332.40M	323.33M	366.10M	226.80M	295.60M
Net Income	-436.50M	67.40M	52.90M	114.10M	73.70M	109.60M
Balance Sheet
Total Assets	6.06B	6.73B	7.38B	8.16B	5.94B	4.50B
Cash, Cash Equivalents and Short-Term Investments	473.60M	382.90M	304.30M	298.40M	652.20M	658.80M
Total Debt	795.40M	1.06B	1.08B	1.05B	508.70M	682.20M
Total Liabilities	4.43B	4.78B	5.43B	6.17B	4.03B	2.59B
Stockholders Equity	1.62B	1.95B	1.94B	1.98B	1.91B	1.91B
Cash Flow
Free Cash Flow	334.00M	191.70M	183.70M	59.90M	134.00M	552.80M
Operating Cash Flow	396.10M	259.90M	271.30M	138.50M	173.20M	604.10M
Investing Cash Flow	-38.20M	64.50M	-101.10M	-724.90M	-58.30M	72.80M
Financing Cash Flow	-231.60M	-230.60M	-152.40M	237.30M	-113.60M	-213.00M

World Kinect Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.67
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WKC, the sentiment is Negative. The current price of 25.67 is above the 20-day moving average (MA) of 25.57, below the 50-day MA of 25.90, and below the 200-day MA of 26.72, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 50.22 is Neutral, neither overbought nor oversold. The STOCH value of 37.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WKC.

World Kinect Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUN	69 Neutral	$8.02B	25.74	6.62%	6.90%	-8.65%	-73.25%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PARR	57 Neutral	$2.06B	―	-1.59%	―	-13.09%	-103.24%
PBF	55 Neutral	$4.09B	―	-9.47%	3.18%	-15.35%	-81.94%
WKC	54 Neutral	$1.43B	―	-23.84%	2.84%	-15.32%	-442.37%
CAPL	54 Neutral	$763.89M	18.15	―	10.48%	-10.51%	101.44%
DK	50 Neutral	$2.32B	―	-200.75%	2.67%	-29.94%	-723.41%

World Kinect Corporate Events

World Kinect Announces Major Leadership Changes

On October 22, 2025, World Kinect Corporation announced significant leadership changes. Andrea B. Smith was appointed to the Board of Directors, effective October 24, 2025, bringing her extensive experience from Bank of America. Additionally, Ira M. Birns was named the next Chief Executive Officer, effective January 1, 2026, succeeding Michael J. Kasbar, who will transition to Executive Chairman. John Rau was appointed as President, and Jose-Miguel Tejada as Chief Financial Officer, with Michael Kroll succeeding Tejada as Chief Accounting Officer. These appointments are expected to strengthen the company’s leadership team and support its strategic goals.

The most recent analyst rating on (WKC) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on World Kinect stock, see the WKC Stock Forecast page.

World Kinect Corporation Reports Q3 2025 Results

World Kinect Corporation is a global energy management company based in Miami, Florida, providing services across the aviation, marine, and land-based transportation sectors, and offering natural gas and power in the United States and Europe. In its third-quarter 2025 earnings report, World Kinect Corporation announced a gross profit of $250 million and a GAAP net income of $26 million, reflecting a slight decrease in revenue compared to the previous year. The company highlighted strong performance in its Aviation segment, which saw an 11% increase in gross profit, while its Land and Marine segments experienced declines due to unfavorable market conditions and strategic exits from certain operations.

World Kinect’s Mixed Earnings Call: Growth Amid Challenges

The recent earnings call for World Kinect Corporation painted a mixed picture, reflecting both achievements and challenges. While the company celebrated leadership transitions and growth in the aviation segment, it also faced hurdles in gross profit and specific segments like land and marine. The strong cash flow generation and strategic acquisitions provide a positive outlook, although ongoing challenges in core segments temper the overall sentiment.

World Kinect’s Earnings Call: Mixed Outlook with Strong Aviation Performance

World Kinect Corporation’s recent earnings call presented a mixed sentiment, highlighting both strong and challenging aspects of its performance. The company reported robust results in the aviation segment and increased dividends, signaling confidence in its business operations. However, it also faced difficulties in the land and marine segments, with declines in volumes and gross profit, alongside significant non-cash impairments. This balance of positive and negative elements suggests a cautiously optimistic outlook.

World Kinect Corporation’s Q2 2025 Financial Performance

World Kinect Corporation is a global energy management company based in Miami, Florida, providing services across aviation, marine, and land-based transportation sectors, along with natural gas and power supply in the U.S. and Europe. In its second quarter of 2025, World Kinect Corporation reported a gross profit of $232 million but faced a GAAP net loss of $339 million. Despite the loss, the company achieved an adjusted net income of $33 million and repurchased $35 million of common stock, reflecting strategic financial maneuvers. Key financial metrics included an 8% increase in gross profit for the Aviation segment, while the Land and Marine segments saw declines due to strategic divestitures and tax settlements. The company recognized significant non-cash asset impairments and restructuring charges as part of its transformation initiatives. Looking ahead, World Kinect Corporation remains focused on optimizing its operations and enhancing shareholder value, with management expressing confidence in the company’s cash flow generation and strategic direction.