World Kinect (WKC)
NYSE:WKC
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World Kinect
(NYSE:WKC)
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Rating:53Neutral
Price Target:
$27.00
▲(16.68% Upside)
Action:ReiteratedDate:02/20/26
The score is held back mainly by weak financial performance driven by the TTM earnings collapse and margin pressure, partially offset by positive cash generation and moderate leverage. Guidance and strategic actions from the earnings call add support, while technicals and dividend yield are modestly constructive but not strong enough to outweigh the profitability risk.
Positive Factors
Strategic Leadership & Portfolio Reset
New senior leadership and an explicit portfolio-simplification strategy create structural clarity for capital allocation. Over 2–6 months this improves decision-making on divestitures, cost cuts and reinvestment priority, increasing odds of durable margin and ROIC recovery once execution progresses.
Negative Factors
Severe Profitability Deterioration
A large TTM net loss and negative operating/EBITDA margins signal structural profit weakness. Eroded equity and negative ROE reduce internal capital for growth and make the business reliant on cost cuts, disposals or sustained cash conversion to restore long-term financial health.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic Leadership & Portfolio Reset
New senior leadership and an explicit portfolio-simplification strategy create structural clarity for capital allocation. Over 2–6 months this improves decision-making on divestitures, cost cuts and reinvestment priority, increasing odds of durable margin and ROIC recovery once execution progresses.
Read all positive factors
World Kinect (WKC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.20B
Dividend Yield3.3%
Average Volume (3M)953.21K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth-15.32%
EPS Growth-442.37%
CountryUS
Employees4,745
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)0.30
Shares Outstanding51,278,990
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 Cap1.49
Enterprise Value/Revenue0.05
Enterprise Value/Gross Profit3.35
Enterprise Value/Ebitda-3.38
Forecast
1Y Price Target
$25.50Price Target Upside10.20% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)2.15
Revenue Forecast (FY)$36.33B
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 generates revenue through multiple streams, primarily from the sale of fuel products to commercial clients, including gasoline, diesel, and other energy products. Additionally, the company earns income from its energy management servi...
World Kinect Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: management has executed a clear strategic reset—simplifying the portfolio, completing a targeted aviation acquisition (~$70M gross profit run-rate), returning capital to shareholders, and outlining a pathway to improved margins and ~ $2.20–$2.40 adjusted EPS in 2026. However, the quarter and full year 2025 results were pressured by meaningful land underperformance, notable impairments and restructuring charges (totaling ~$325M of adjustments), and competitive margin pressure in fuels. While the transformation actions improve the long-term earnings quality and cash generation potential, near-term results include sizable write-downs, lower volumes and gross profit declines, and residual exit costs into H1 2026. The positives (strategic clarity, strong cash generation, acquisition and buybacks, and explicit 2026 EPS target) are counterbalanced by material one-time losses and ongoing headwinds in the land segment and some margin pressure, leaving the overall tone cautiously balanced.Positive Updates
Leadership and Strategic Reset
New leadership installed (Ira Birns as CEO, Mike Tejada as CFO, John Rau as President) and a clear strategic focus on simplifying the portfolio, sharpening capital allocation and improving transparency to drive long-term value.
Negative Updates
Consolidated Revenue/Volume and Gross Profit Declines
Consolidated Q4 volume 4.2 billion gallons, down 5% year-over-year; full year volume 16.9 billion gallons, down ~4%. Consolidated Q4 gross profit $235 million, down 9% year-over-year; full year gross profit $948 million, down 8%.
Read all updates
Q4-2025 Updates
Positive
Negative
Leadership and Strategic Reset
New leadership installed (Ira Birns as CEO, Mike Tejada as CFO, John Rau as President) and a clear strategic focus on simplifying the portfolio, sharpening capital allocation and improving transparency to drive long-term value.
Read all positive updates
Company Guidance
Management shifted to full‑year adjusted EPS guidance for 2026 of $2.20–$2.40 (solid year‑over‑year growth) while noting Q1 adjusted EPS is expected to be down vs. prior year and roughly flat sequentially; consolidated Q1 gross profit is expected down year‑over‑year and sequentially (driven by land exit activity), aviation Q1 gross profit is expected to be up year‑over‑year, and marine Q1 gross profit should be generally in line with last year. They expect some residual non‑recurring exit costs into H1 2026, anticipate land adjusted operating income to nearly double in 2026 with land margins moving substantially toward a ~30% target, and note the refocused land business is roughly 5 billion gallon equivalents (including ~$2 billion from natural gas). Management also expects Q1 adjusted operating expenses to be down year‑over‑year and sequentially (adjusted for land exit activity), highlighted a pending Q2 ’26 sale of tank wagon/lubricants expected to return ~ $100 million of capital, confirmed an amended $2.0 billion credit facility extended to Nov 2030, and framed guidance against Q4 non‑GAAP adjustments of $325 million ($296M after tax) including ~$247M of impairments and ~$77M of restructuring charges and FY2025 cash generation (operating cash flow $293M, free cash flow $227M).World Kinect Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 36.93B | 42.30B | 47.91B | 58.98B | 31.30B |
| Gross Profit | 534.60M | 714.70M | 784.33M | 522.00M | 66.10M |
| EBITDA | -532.00M | 332.40M | 323.33M | 366.10M | 226.80M |
| Net Income | -614.00M | 67.40M | 52.90M | 114.10M | 73.70M |
Balance Sheet | |||||
| Total Assets | 5.86B | 6.73B | 7.38B | 8.16B | 5.94B |
| Cash, Cash Equivalents and Short-Term Investments | 193.50M | 382.90M | 304.30M | 298.40M | 652.20M |
| Total Debt | 697.10M | 1.06B | 1.08B | 1.05B | 673.60M |
| Total Liabilities | 4.56B | 4.78B | 5.43B | 6.17B | 4.03B |
| Stockholders Equity | 1.30B | 1.95B | 1.94B | 1.98B | 1.91B |
Cash Flow | |||||
| Free Cash Flow | 227.30M | 191.70M | 14.80M | 59.90M | 111.20M |
| Operating Cash Flow | 292.90M | 259.90M | 102.40M | 138.50M | 150.40M |
| Investing Cash Flow | -170.00M | 64.50M | -101.10M | -724.90M | -58.40M |
| Financing Cash Flow | -315.10M | -230.60M | -152.40M | 237.30M | -113.60M |
World Kinect Technical Analysis
Negative
23.14
Price Trends
24.47
Negative
24.48
Negative
25.21
Negative
Market Momentum
-0.17
Negative
43.72
Neutral
60.37
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 23.14 is above the 20-day moving average (MA) of 23.06, below the 50-day MA of 24.47, and below the 200-day MA of 25.21, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 43.72 is Neutral, neither overbought nor oversold. The STOCH value of 60.37 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.11B | 4.84 | 28.59% | ― | -10.11% | -7.00% | |
68 Neutral | $13.33B | 13.57 | 7.27% | 6.88% | -5.18% | -33.14% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | $2.50B | -78.97 | -14.06% | 3.42% | -22.37% | -27.22% | |
57 Neutral | $4.76B | -19.51 | -3.05% | 4.14% | -15.35% | -81.94% | |
53 Neutral | $1.20B | -2.09 | -23.84% | 3.30% | -15.32% | -442.37% | |
50 Neutral | $819.90M | 19.25 | -67.36% | 10.09% | -10.27% | 131.17% |
* Energy Sector Average
WKC
World Kinect
23.14
0.05
0.23%
DK
Delek US Holdings
41.09
29.45
253.01%
PBF
PBF Energy
40.63
26.76
192.87%
SUN
Sunoco
65.66
12.94
24.56%
CAPL
Crossamerica Partners
21.16
0.69
3.38%
PARR
Par Pacific Holdings
65.81
53.58
438.10%
World Kinect Corporate Events
Executive/Board Changes
World Kinect Promotes Michael Kroll to Key Executive Role
Neutral
Dec 9, 2025
World Kinect Corporation announced that Michael Kroll has been promoted to Senior Vice President and Chief Accounting Officer, effective November 1, 2025. In line with his new role, his salary was increased to $390,000 per year, and he is eligible...
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.