World Kinect (WKC)
NYSE:WKC
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World Kinect
(NYSE:WKC)
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Rating:57Neutral
Price Target:
$27.00
▲(15.24% Upside)
Action:ReiteratedDate:04/25/26
The score is held back primarily by weak recent financial performance (TTM losses and margin pressure) and deteriorating cash-flow trends versus 2025. This is partly offset by constructive technical trend signals, a reasonable P/E with a supportive dividend, and a more positive earnings outlook after raised adjusted EPS guidance despite near-term cash-flow and volume headwinds.
Positive Factors
Diversified energy services model
World Kinect's multi-segment business (aviation, marine, land) and embedded procurement/risk-management services create durable, recurring revenue streams and customer stickiness. Contracted logistics and hedging capabilities reduce exposure to directional commodity moves and support sustained fee and margin capture over months.
Negative Factors
Sizable TTM net loss and thin margins
Large trailing losses and razor-thin gross margins indicate weakened earnings quality and limited cushion against adverse commodity or volume shocks. Persistent negative profitability erodes equity, constrains reinvestment, and makes margin recovery dependent on sustained segment-level improvements rather than transient price moves.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified energy services model
World Kinect's multi-segment business (aviation, marine, land) and embedded procurement/risk-management services create durable, recurring revenue streams and customer stickiness. Contracted logistics and hedging capabilities reduce exposure to directional commodity moves and support sustained fee and margin capture over months.
Read all positive factors
World Kinect (WKC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.39B
Dividend Yield3.3%
Average Volume (3M)953.21K
Price to Earnings (P/E)11.3
Beta (1Y)0.84
Revenue Growth-8.84%
EPS Growth-4366.97%
CountryUS
Employees4,745
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)-10.15
Shares Outstanding51,355,450
10 Day Avg. Volume1,469,925
30 Day Avg. Volume953,207
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.99
Price to Sales (P/S)0.03
P/FCF Ratio5.65
Enterprise Value/Market Cap1.48
Enterprise Value/Revenue0.06
Enterprise Value/Gross Profit3.69
Enterprise Value/Ebitda-4.35
Forecast
1Y Price Target
$25.50Price Target Upside8.83% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)2.57
Revenue Forecast (FY)$39.27B
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...
How the Company Makes Money
World Kinect makes money primarily by earning margins on the sale and distribution of energy products and related services. Its key revenue streams are tied to (1) Aviation: sourcing and delivering jet fuel to airlines, cargo carriers, business av...
World Kinect Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive tone driven by strong first-quarter profitability, significant outperformance in marine and solid aviation results (aided by the Universal Trip Support acquisition), and an upward revision to full-year adjusted EPS guidance. These positives were tempered by notable volume declines, a sharp hit to land segment gross profit due to portfolio exits, negative operating/free cash flow in Q1 from working capital increases, and elevated credit and market uncertainty. Management emphasized portfolio simplification, disciplined risk and capital allocation, and confidence in returning to positive free cash flow and continued margin improvement.Positive Updates
Consolidated Gross Profit Growth
Consolidated gross profit of $254 million, up 10% year-over-year, driven by strong execution across core segments and price/volatility-related opportunities.
Negative Updates
Consolidated Volume Decline
Consolidated volumes were 4 billion gallons, down 6% year-over-year, reflecting portfolio exits and softer activity in parts of the business.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Gross Profit Growth
Consolidated gross profit of $254 million, up 10% year-over-year, driven by strong execution across core segments and price/volatility-related opportunities.
Read all positive updates
Company Guidance
Management updated full‑year adjusted EPS guidance to $2.65–$2.85 (up from $2.20–$2.40; midpoint +$0.45), citing Q1 overperformance already recorded while keeping baseline assumptions for Q2–Q4 and expecting Q2 adjusted EPS to be higher year‑over‑year; they assume markets will normalize but note upside if volatility persists. Key Q1 metrics underpinning the update: consolidated volume 4.0 billion gallons (‑6% YoY) and gross profit $254M (+10% YoY); marine ~4.0M metric tons (+4%) with marine gross profit $66M (+82% YoY) though marine GP should be lower sequentially but still meaningfully up YoY; aviation volume ‑5% with gross profit $138M (+20% YoY) aided by the Universal Trip Support acquisition and expected to be up sequentially and YoY; land volumes and gross profit were down 15% and 38% YoY respectively due to portfolio exits (remaining exit activity expected materially complete by end of Q2) but core land operating income is on track to nearly double and operating margin is improving toward a 30% 2026 target. Other items: operating expenses $181M (+2% YoY), net interest expense $26M, total non‑GAAP adjustments ≈$60M ($13M after tax), Q1 operating cash flow ‑$46M and free cash flow ‑$69M (working capital impact from higher commodity prices) though the company expects positive free cash flow in 2026, and it returned $86M of capital to shareholders in Q1 (including $75M of repurchases).World Kinect Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
54
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.18B | 36.93B | 42.30B | 47.91B | 58.98B | 31.30B |
| Gross Profit | 556.80M | 534.60M | 714.70M | 784.33M | 522.00M | 66.10M |
| EBITDA | -473.00M | -532.00M | 332.40M | 323.33M | 366.10M | 226.80M |
| Net Income | -566.60M | -614.00M | 67.40M | 52.90M | 114.10M | 73.70M |
Balance Sheet | ||||||
| Total Assets | 6.80B | 5.86B | 6.73B | 7.38B | 8.16B | 5.94B |
| Cash, Cash Equivalents and Short-Term Investments | 151.10M | 193.50M | 382.90M | 304.30M | 298.40M | 652.20M |
| Total Debt | 798.70M | 697.10M | 1.06B | 1.08B | 1.05B | 673.60M |
| Total Liabilities | 5.59B | 4.56B | 4.78B | 5.43B | 6.17B | 4.03B |
| Stockholders Equity | 1.20B | 1.30B | 1.95B | 1.94B | 1.98B | 1.91B |
Cash Flow | ||||||
| Free Cash Flow | 67.90M | 227.30M | 191.70M | 14.80M | 59.90M | 111.20M |
| Operating Cash Flow | 132.20M | 292.90M | 259.90M | 102.40M | 138.50M | 150.40M |
| Investing Cash Flow | -175.70M | -170.00M | 64.50M | -101.10M | -724.90M | -58.40M |
| Financing Cash Flow | -267.30M | -315.10M | -230.60M | -152.40M | 237.30M | -113.60M |
World Kinect Technical Analysis
Negative
23.43
Price Trends
24.20
Negative
24.50
Negative
25.13
Negative
Market Momentum
-0.09
Negative
48.51
Neutral
62.14
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 23.43 is above the 20-day moving average (MA) of 23.25, below the 50-day MA of 24.20, and below the 200-day MA of 25.13, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 48.51 is Neutral, neither overbought nor oversold. The STOCH value of 62.14 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $3.23B | 4.84 | 28.59% | ― | -6.39% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $14.00B | 13.57 | 7.26% | 6.88% | 11.05% | -65.14% | |
61 Neutral | $2.86B | -3.37 | -37.66% | 3.42% | -6.49% | 93.38% | |
57 Neutral | $1.39B | 11.34 | -39.63% | 3.30% | -8.84% | -4366.97% | |
57 Neutral | $5.05B | 7.04 | -3.05% | 4.14% | -4.33% | ― | |
52 Neutral | $811.13M | 19.25 | -67.36% | 10.09% | -10.63% | 96.44% |
* Energy Sector Average
WKC
World Kinect
27.42
2.18
8.64%
DK
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48.04
34.85
264.27%
PBF
PBF Energy
45.53
27.80
156.83%
SUN
Sunoco
68.26
17.23
33.76%
CAPL
Crossamerica Partners
20.75
-0.32
-1.53%
PARR
Par Pacific Holdings
67.36
52.46
352.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.