World Kinect (WKC) AI Stock Analysis

• Market Cap: $1.32B
• Dividend Yield: 3.27%
• Average Volume (3M): 814.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.90
• 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: 1,057,309
• 30 Day Avg. Volume: 814,941
• 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: 1.35
• Enterprise Value/Revenue: 0.05
• Enterprise Value/Gross Profit: 3.15
• Enterprise Value/Ebitda: -5.59
• 1Y Price Target: $26.50
• Price Target Upside: 12.53% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): 2.13
• Revenue Forecast (FY): $37.39B

• Rating: 51 Neutral
• Price Target: $24.00 ▲(1.91% Upside)

World Kinect's overall stock score reflects significant challenges in financial performance, particularly in profitability, and bearish technical indicators. However, strategic corporate events and positive developments in the aviation segment provide some optimism for recovery.

Positive Factors

Leadership Transition

The appointment of a new CEO with a strategic vision can drive long-term growth and enhance the company's competitive position.

Aviation Segment Growth

Strong growth in the aviation segment indicates robust demand and effective operational strategies, supporting future revenue stability.

Credit Facility Extension

The extended credit facility improves financial flexibility, supporting strategic growth initiatives and providing a buffer against economic uncertainties.

Negative Factors

Declining Revenue

Persistent revenue decline reflects potential market share loss or industry challenges, impacting long-term profitability and growth prospects.

Negative Margins

Negative margins highlight inefficiencies and cost pressures, which can undermine financial health and investor confidence if not addressed.

Marine Segment Profitability Issues

Significant profitability issues in the marine segment suggest structural challenges that could hinder overall company performance.

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 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 services, which help clients implement energy-efficient practices and technologies. Another significant revenue stream comes from carbon offset programs and sustainability consulting, allowing businesses to meet regulatory requirements and achieve their environmental goals. WKC also engages in partnerships with various companies and governmental bodies to expand its service offerings and enhance its market presence, further contributing to its earnings.

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	-318.60M	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	673.60M	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	317.00M	191.70M	14.80M	59.90M	111.20M	552.80M
Operating Cash Flow	379.10M	259.90M	102.40M	138.50M	150.40M	604.10M
Investing Cash Flow	-39.20M	64.50M	-101.10M	-724.90M	-58.40M	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: 23.55
• 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 23.55 is below the 20-day moving average (MA) of 23.61, below the 50-day MA of 24.53, and below the 200-day MA of 25.92, indicating a bearish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 44.55 is Neutral, neither overbought nor oversold. The STOCH value of 26.88 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	72 Outperform	$8.00B	17.83	8.27%	6.86%	-5.18%	-33.14%
PARR	70 Outperform	$1.96B	8.10	17.81%	―	-10.11%	-7.00%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PBF	55 Neutral	$3.09B	-5.71	-9.47%	4.13%	-15.35%	-81.94%
CAPL	54 Neutral	$788.33M	17.58	―	10.13%	-10.27%	131.17%
WKC	51 Neutral	$1.32B	-3.04	-23.84%	3.27%	-15.32%	-442.37%
DK	49 Neutral	$1.91B	-3.86	-115.95%	3.20%	-22.37%	-27.22%

World Kinect Corporate Events

World Kinect Promotes Michael Kroll to Key Executive Role

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 for a performance-based restricted stock unit award and other bonuses, contingent on company performance and continued employment. Additionally, the company amended its Executive Severance Policy, effective January 1, 2026, to provide specific benefits for participants in cases of termination due to various reasons, including death, disability, or company-initiated termination without cause. The policy also outlines severance payments and benefits in the event of a change of control, with specific designations for certain executives.

World Kinect Extends $2 Billion Credit Facility

On November 10, 2025, World Kinect Corporation amended and extended its $2 billion senior unsecured credit facility, which includes a revolving credit facility and a term loan, extending the maturity date to November 2030 with an option to extend to November 2031. This amendment, led by Bank of America, reflects strong support from a diversified syndicate of global financial institutions and enhances World Kinect’s liquidity position, supporting its strategic growth initiatives and providing greater financial agility.

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.