World Kinect (WKC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

World Kinect

NYSE•Energy•Oil & Gas Refining & Marketing

$37.99+0.94(0.03%)Pre-market

Market Cap

$1.90B

P/S

0.0x

P/B

1.5x

World Kinect Corporation, together with its subsidiaries, operates as an energy management company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in three segments: Aviation, Land, and Marine. The Aviation segment supplies jet fuel, sustainable aviation fuel, aviation gasoline, and aviation fuel to commercial and international airlines, regional airlines, cargo carriers, airports, fixed-based operators, corporate fleets, charter and fractional operators, the U.S. and foreign governments, and military customers. This segment also provides fuel management; ground handling; dispatch services; and trip support services, such as flight planning and scheduling. The Land segment engages in the sale of liquid fuels, natural gas, and related products and services to commercial, industrial, residential, and government customers; and the transportation, manufacturing, mining, and construction industries, as well as retail fuel outlets under long-term contracts. The 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, the U.S. and foreign governments, and other fuel suppliers. This segment also provides marine fuel-related services, such as management services for the procurement of fuel, cost control, quality control, and claims management, as well as engages in the fueling of vessels in ports and at sea, 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 this company scores

AverageMetricSide Score: 43/100

Strongest: Growth (19/25); weakest: Cash & Earnings Quality (6/25).

Profitability7/25

Growth19/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality6/25

Strengths

Growing revenueNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 85.2x5y range 11.1x – 85.2x

Currently above its 14-quarter median.

P/S · 0.0x5y range 0.0x – 0.1x

Currently near its 20-quarter median.

P/B · 1.5x5y range 0.7x – 1.5x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $1.90B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $45.58B
Q. Revenue: $13.27B
TTM EBITDA: $43.80M
TTM Op. Income: $-43.40M
Q. Op. Income: $80.10M
TTM Net Income: $-167.00M
Q. Net Income: $38.00M
EPS: $0.74
Shares Out.: $51.20M

$45.58B in TTM revenue grew 21.1% YoY, reaching $13.27B last quarter. TTM EBITDA of $43.80M and TTM operating income of $-43.40M show growth is flowing through to the bottom line. However, net income is negative at $167.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 2.2%
EBITDA Margin: 0.8%
Op. Margin: 0.6%
Net Margin: 0.3%

Op. margin of 0.6% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 0.3% and gross margin of 2.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 10% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.0x
P/B Ratio: 1.5x

P/S of 0.0x and P/B of 1.5x. P/S is low relative to typical market levels. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.04B
Cash: $217.90M
Long-Term Debt: $683.90M
Book Value: $1.28B
D/E Ratio: 0.5
Debt/EBITDA: 6.7

With $7.04B in assets and $683.90M in long-term debt, D/E is 0.5and book value is $1.28B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $175.20M
TTM Free Cash Flow: $81.90M
FCF Margin: 0.2%
FCF / Net Income: -0.5

TTM FCF of $81.90M on $175.20M in operating cash flow. The FCF / Net Income ratio of -0.5x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 74% — an improving trend.