W

World Kinect Corporation

WKC · CIK 0000789460

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$36.92B12.5%
FY2025
Net income (FY)
−$614.4M1,011.6%
FY2025
Free cash flow (FY)
$227.3M18.6%
FY2025
Diluted EPS (FY)
$-10.991,072.6%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$20B$40B$60BFY2008 · Revenue $18.51B · Net income $105.0M · 0001193125-11-045452 · filed 2011-02-24FY08Revenue $18.51BNet income $105.0M0001193125-11-045452 · filed 2011-02-24FY2009 · Revenue $11.30B · Net income $117.1M · 0001047469-12-001378 · filed 2012-02-23 · 0001193125-11-045452 · filed 2011-02-24FY09Revenue $11.30BNet income $117.1M0001047469-12-001378 · filed 2012-02-23 · 0001193125-11-045452 · filed 2011-02-24FY2010 · Revenue $19.13B · Net income $146.9M · 0001047469-13-001398 · filed 2013-02-21 · 0001193125-11-045452 · filed 2011-02-24FY10Revenue $19.13BNet income $146.9M0001047469-13-001398 · filed 2013-02-21 · 0001193125-11-045452 · filed 2011-02-24FY2011 · Revenue $34.62B · 0001047469-14-000906 · filed 2014-02-14FY11Revenue $34.62B0001047469-14-000906 · filed 2014-02-14FY2012 · Revenue $38.95B · 0001558370-15-000073 · filed 2015-02-12FY12Revenue $38.95B0001558370-15-000073 · filed 2015-02-12FY2013 · Revenue $41.56B · 0001558370-16-003246 · filed 2016-02-16FY13Revenue $41.56B0001558370-16-003246 · filed 2016-02-16FY2014 · Revenue $43.39B · 0001628280-17-001482 · filed 2017-02-21FY14Revenue $43.39B0001628280-17-001482 · filed 2017-02-21FY2015 · Revenue $30.38B · Net income $174.5M · 0001628280-18-002457 · filed 2018-02-28FY15Revenue $30.38BNet income $174.5M0001628280-18-002457 · filed 2018-02-28FY2016 · Revenue $27.02B · Net income $126.5M · 0001628280-19-002382 · filed 2019-03-01FY16Revenue $27.02BNet income $126.5M0001628280-19-002382 · filed 2019-03-01FY2017 · Revenue $33.70B · Net income −$170.2M · 0001628280-20-002590 · filed 2020-03-02FY17Revenue $33.70BNet income −$170.2M0001628280-20-002590 · filed 2020-03-02FY2018 · Revenue $39.75B · Net income $127.7M · 0001628280-21-003481 · filed 2021-03-01FY18Revenue $39.75BNet income $127.7M0001628280-21-003481 · filed 2021-03-01FY2019 · Revenue $36.82B · Net income $178.9M · 0001628280-22-004028 · filed 2022-02-25FY19Revenue $36.82BNet income $178.9M0001628280-22-004028 · filed 2022-02-25FY2020 · Revenue $20.36B · Net income $109.6M · 0001628280-23-005058 · filed 2023-02-24FY20Revenue $20.36BNet income $109.6M0001628280-23-005058 · filed 2023-02-24FY2021 · Revenue $31.34B · Net income $73.7M · 0001628280-24-006634 · filed 2024-02-23FY21Revenue $31.34BNet income $73.7M0001628280-24-006634 · filed 2024-02-23FY2022 · Revenue $59.04B · Net income $114.1M · 0001628280-25-007620 · filed 2025-02-25FY22Revenue $59.04BNet income $114.1M0001628280-25-007620 · filed 2025-02-25FY2023 · Revenue $47.71B · Net income $52.9M · 0000789460-26-000015 · filed 2026-02-24FY23Revenue $47.71BNet income $52.9M0000789460-26-000015 · filed 2026-02-24FY2024 · Revenue $42.17B · Net income $67.4M · 0000789460-26-000015 · filed 2026-02-24FY24Revenue $42.17BNet income $67.4M0000789460-26-000015 · filed 2026-02-24FY2025 · Revenue $36.92B · Net income −$614.4M · 0000789460-26-000015 · filed 2026-02-24FY25Revenue $36.92BNet income −$614.4M0000789460-26-000015 · filed 2026-02-24FY25Revenue $36.92BNet income −$614.4M0000789460-26-000015 · filed 2026-02-24FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.0× since FY2008 · net margin 0.6% → -1.7%

MarginsNet marginFCF margin
0%2%FY2008 · Net margin 0.6% · FCF margin 2.1%FY08Net margin 0.6%FCF margin 2.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 1.0% · FCF margin 0.6%FY09Net margin 1.0%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 0.8% · FCF margin -0.3%FY10Net margin 0.8%FCF margin -0.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · FCF margin -0.5%FY11FCF margin -0.5%derived: (ocf − capex) ÷ revenueFY2012 · FCF margin 0.3%FY12FCF margin 0.3%derived: (ocf − capex) ÷ revenueFY2013 · FCF margin 0.4%FY13FCF margin 0.4%derived: (ocf − capex) ÷ revenueFY2014 · FCF margin 0.2%FY14FCF margin 0.2%derived: (ocf − capex) ÷ revenueFY2015 · Net margin 0.6% · FCF margin 1.3%FY15Net margin 0.6%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 0.5% · FCF margin 0.1%FY16Net margin 0.5%FCF margin 0.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin -0.5% · FCF margin -0.6%FY17Net margin -0.5%FCF margin -0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 0.3% · FCF margin -0.6%FY18Net margin 0.3%FCF margin -0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 0.5% · FCF margin 0.4%FY19Net margin 0.5%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 0.5% · FCF margin 2.7%FY20Net margin 0.5%FCF margin 2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 0.2% · FCF margin 0.4%FY21Net margin 0.2%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 0.2% · FCF margin 0.1%FY22Net margin 0.2%FCF margin 0.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 0.1% · FCF margin 0.4%FY23Net margin 0.1%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 0.2% · FCF margin 0.5%FY24Net margin 0.2%FCF margin 0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin -1.7% · FCF margin 0.6%FY25Net margin -1.7%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin -1.7%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net -1.7% · free cash flow 0.6% of revenue

Cash engineOperating cash flowFree cash flow
$0$500MFY2008 · OCF $393.5M · FCF $386.7M · 0001193125-11-045452 · filed 2011-02-24FY08OCF $393.5MFCF $386.7M0001193125-11-045452 · filed 2011-02-24FY2009 · OCF $77.9M · FCF $71.4M · 0001193125-11-045452 · filed 2011-02-24FY09OCF $77.9MFCF $71.4M0001193125-11-045452 · filed 2011-02-24FY2010 · OCF −$35.7M · FCF −$48.2M · 0001193125-11-045452 · filed 2011-02-24FY10OCF −$35.7MFCF −$48.2M0001193125-11-045452 · filed 2011-02-24FY2011 · OCF −$142.5M · FCF −$162.0M · 0001047469-14-000906 · filed 2014-02-14FY11OCF −$142.5MFCF −$162.0M0001047469-14-000906 · filed 2014-02-14FY2012 · OCF $145.8M · FCF $117.3M · 0001558370-15-000073 · filed 2015-02-12FY12OCF $145.8MFCF $117.3M0001558370-15-000073 · filed 2015-02-12FY2013 · OCF $264.3M · FCF $181.6M · 0001558370-16-003246 · filed 2016-02-16FY13OCF $264.3MFCF $181.6M0001558370-16-003246 · filed 2016-02-16FY2014 · OCF $141.1M · FCF $90.9M · 0001628280-17-001482 · filed 2017-02-21FY14OCF $141.1MFCF $90.9M0001628280-17-001482 · filed 2017-02-21FY2015 · OCF $447.5M · FCF $396.5M · 0001628280-18-002457 · filed 2018-02-28FY15OCF $447.5MFCF $396.5M0001628280-18-002457 · filed 2018-02-28FY2016 · OCF $50.7M · FCF $14.6M · 0001628280-19-002382 · filed 2019-03-01FY16OCF $50.7MFCF $14.6M0001628280-19-002382 · filed 2019-03-01FY2017 · OCF −$133.6M · FCF −$187.6M · 0001628280-20-002590 · filed 2020-03-02FY17OCF −$133.6MFCF −$187.6M0001628280-20-002590 · filed 2020-03-02FY2018 · OCF −$182.5M · FCF −$254.8M · 0001628280-21-003481 · filed 2021-03-01FY18OCF −$182.5MFCF −$254.8M0001628280-21-003481 · filed 2021-03-01FY2019 · OCF $228.8M · FCF $147.9M · 0001628280-22-004028 · filed 2022-02-25FY19OCF $228.8MFCF $147.9M0001628280-22-004028 · filed 2022-02-25FY2020 · OCF $604.1M · FCF $552.8M · 0001628280-23-005058 · filed 2023-02-24FY20OCF $604.1MFCF $552.8M0001628280-23-005058 · filed 2023-02-24FY2021 · OCF $173.2M · FCF $134.0M · 0001628280-24-006634 · filed 2024-02-23FY21OCF $173.2MFCF $134.0M0001628280-24-006634 · filed 2024-02-23FY2022 · OCF $138.5M · FCF $59.9M · 0001628280-25-007620 · filed 2025-02-25FY22OCF $138.5MFCF $59.9M0001628280-25-007620 · filed 2025-02-25FY2023 · OCF $271.3M · FCF $183.7M · 0000789460-26-000015 · filed 2026-02-24FY23OCF $271.3MFCF $183.7M0000789460-26-000015 · filed 2026-02-24FY2024 · OCF $259.9M · FCF $191.7M · 0000789460-26-000015 · filed 2026-02-24FY24OCF $259.9MFCF $191.7M0000789460-26-000015 · filed 2026-02-24FY2025 · OCF $292.9M · FCF $227.3M · 0000789460-26-000015 · filed 2026-02-24FY25OCF $292.9MFCF $227.3M0000789460-26-000015 · filed 2026-02-24FY25OCF $292.9MFCF $227.3M0000789460-26-000015 · filed 2026-02-24’09’13’17’21’25

FY2025: $292.9M operating cash − $65.6M capex = $227.3M free cash flow

Returns on capitalReturn on equityReturn on assets
-40%-20%0%20%FY2009 · ROE 16.0% · ROA 6.7%FY09ROE 16.0%ROA 6.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 13.0% · ROA 5.7%FY10ROE 13.0%ROA 5.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 9.2% · ROA 3.9%FY15ROE 9.2%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 6.6% · ROA 2.3%FY16ROE 6.6%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -9.9% · ROA -3.0%FY17ROE -9.9%ROA -3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 7.0% · ROA 2.2%FY18ROE 7.0%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 9.5% · ROA 3.0%FY19ROE 9.5%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 5.7% · ROA 2.4%FY20ROE 5.7%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 3.9% · ROA 1.2%FY21ROE 3.9%ROA 1.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 5.7% · ROA 1.4%FY22ROE 5.7%ROA 1.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 2.7% · ROA 0.7%FY23ROE 2.7%ROA 0.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 3.5% · ROA 1.0%FY24ROE 3.5%ROA 1.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -47.3% · ROA -10.5%FY25ROE -47.3%ROA -10.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -47.3%ROA -10.5%derived: net income ÷ equity · derived: net income ÷ assets’09’16’19’22’25

return on equity 16% (FY2009) → -47% (FY2025) · on assets -10.5%

Balance sheetLiabilitiesEquity
$0$5BFY2009 · Liabilities $1.01B · Equity $733.0MFY09Liabilities $1.01BEquity $733.0M0001193125-11-045452 · filed 2011-02-24FY2010 · Liabilities $1.44B · Equity $1.13BFY10Liabilities $1.44BEquity $1.13B0001047469-12-001378 · filed 2012-02-23FY2011 · Liabilities $2.35B · Equity $1.33BFY11Liabilities $2.35BEquity $1.33B0001047469-13-001398 · filed 2013-02-21FY2012 · Liabilities $2.57B · Equity $1.52BFY12Liabilities $2.57BEquity $1.52B0001047469-14-000906 · filed 2014-02-14FY2013 · Liabilities $3.06B · Equity $1.67BFY13Liabilities $3.06BEquity $1.67B0001558370-15-000073 · filed 2015-02-12FY2014 · Liabilities $3.02B · Equity $1.86BFY14Liabilities $3.02BEquity $1.86B0001558370-16-003246 · filed 2016-02-16FY2015 · Liabilities $2.62B · Equity $1.90BFY15Liabilities $2.62BEquity $1.90B0001628280-17-001482 · filed 2017-02-21FY2016 · Liabilities $3.47B · Equity $1.93BFY16Liabilities $3.47BEquity $1.93B0001628280-18-002457 · filed 2018-02-28FY2017 · Liabilities $3.85B · Equity $1.72BFY17Liabilities $3.85BEquity $1.72B0001628280-19-002382 · filed 2019-03-01FY2018 · Liabilities $3.85B · Equity $1.82BFY18Liabilities $3.85BEquity $1.82B0001628280-20-002590 · filed 2020-03-02FY2019 · Liabilities $4.10B · Equity $1.89BFY19Liabilities $4.10BEquity $1.89B0001628280-21-003481 · filed 2021-03-01FY2020 · Liabilities $2.59B · Equity $1.91BFY20Liabilities $2.59BEquity $1.91B0001628280-22-004028 · filed 2022-02-25FY2021 · Liabilities $4.03B · Equity $1.91BFY21Liabilities $4.03BEquity $1.91B0001628280-23-005058 · filed 2023-02-24FY2022 · Liabilities $6.17B · Equity $1.98BFY22Liabilities $6.17BEquity $1.98B0001628280-24-006634 · filed 2024-02-23FY2023 · Liabilities $5.43B · Equity $1.94BFY23Liabilities $5.43BEquity $1.94B0001628280-25-007620 · filed 2025-02-25FY2024 · Liabilities $4.78B · Equity $1.95BFY24Liabilities $4.78BEquity $1.95B0000789460-26-000015 · filed 2026-02-24FY2025 · Liabilities $4.56B · Equity $1.30BFY25Liabilities $4.56BEquity $1.30B0000789460-26-000015 · filed 2026-02-24FY25Liabilities $4.56BEquity $1.30B0000789460-26-000015 · filed 2026-02-24’09’13’17’21’25

FY2025: $5.86B assets · $4.56B liabilities · $1.30B equity

The receipts