Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of World Kinect Corp

WKC · NYSE · Energy

Fundamental quality

DEMANDING

39

out of 100

World Kinect Corp is going through a tough financial stretch: it hasn't been profitable over the last twelve months. On fundamental quality it scores 39 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its financial strength (net debt 21.32× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

World Kinect (formerly World Fuel Services) is a global fuel intermediary: it supplies jet fuel to airlines, bunker fuel to ships and energy to land fleets across hundreds of airports and ports, handling payment and logistics. It lives on volume and spread, not the barrel's price.

What will shape its future

  • Aviation and marine volumes, tied to global aircraft and vessel traffic.
  • Middleman margins: thin by definition, sensitive to competition.
  • Its permanent restructuring toward the segments that actually leave margin.

Breakdown by area

I.Growth
70

Revenue growth: 13.9%

II.Profitability
22

Net margin: -0.4% · ROE: -14.3%

III.Financial health
22

Net debt/EBITDA: 21.32x · FCF: 0%

Source: SEC EDGAR · TTM through 30/06/2026

The score includes +1 for dividend strength: 7 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Versus its sector

Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 0%
ROEbeats 0%
Growthbeats 40%
Cash generationbeats 11%
Less debtbeats 0%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

World Kinect Corp strengths

  • Revenue growing (13.9% annualized).
  • Positive free cash flow year after year, a self-funding business.

World Kinect Corp risks and weaknesses

  • Very high leverage (net debt of 21.32× EBITDA): more exposed to rates and to a rough patch.
  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -0.4%).
  • It has slipped into losses after years of profit.

World Kinect Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
202020,358110553-134
202131,33774134-143
202259,04311460547
202347,71153184584
202442,16867192414
202536,917-614227492

Between 2020 and 2025, revenue went from $20,358M to $36,917M (+81%) and net income went from $110M to -$614M (-661%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+25.8%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score5239
  • Net margin-1.5%-0.4%
  • ROE-47.1%-14.3%
  • Revenue growth12.1%13.9%
  • Net debt/EBITDA-1.56×21.32×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.77

per share, yearly

18.2% of free cash flow

Payout

7 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

Advertising

Invest smart: choose your broker well

Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.

Interactive BrokersGlobal markets

The serious investor's standard

Open free account →
WebullCommission-free

Popular in the U.S.

Open free account →

Investing carries risk of loss.

Is World Kinect Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is World Kinect Corp a good company to invest in?

In terms of business quality, World Kinect Corp scores 39 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is World Kinect Corp a profitable company?

Over the last twelve months, no: World Kinect Corp posts a negative net margin (-0.4%).

Does World Kinect Corp have a lot of debt?

Yes, its leverage is high: net debt is 21.32 times its EBITDA, and it has been rising.

Is World Kinect Corp growing?

Its revenue has grown 13.9% annualized in recent years.

Does World Kinect Corp generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Was this page helpful?