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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $36.9B | $-530M | $-614M | $227M | -47.3% | -12.5% | -1011.6% |
| 2024 | $42.2B | $318M | $67M | $192M | 3.5% | -11.6% | 27.4% |
| 2023 | $47.7B | $307M | $53M | $184M | 2.7% | -19.2% | -53.6% |
| 2022 | $59.0B | $370M | $114M | $60M | 5.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 59,043.10 | 47,710.60 | 42,168 | 36,916.60 |
| Cost Of Revenue | - | 57,954.10 | 46,652.40 | 41,141.60 | 35,968.80 |
| Gross Profit | - | 1,089.10 | 1,058.20 | 1,026.40 | 947.80 |
| Operating Expense | - | 816.10 | 820.30 | 779.60 | 719.90 |
| Operating Income | - | 273 | 237.90 | 246.80 | 227.90 |
| EBITDA | - | 370.30 | 306.70 | 317.90 | -529.50 |
| EBIT | - | 262.50 | 202.20 | 211.50 | -627.70 |
| Pretax Income | - | 145.10 | 66.70 | 95.50 | -739.70 |
| Tax Provision | - | 29.20 | 13 | 27.60 | -127.90 |
| Net Income | - | 114.10 | 52.90 | 67.40 | -614.40 |
| Net Income Common Stockholders | - | 114.10 | 52.90 | 67.40 | -614.40 |
| Total Expenses | - | 58,770.20 | 47,472.70 | 41,921.20 | 36,688.70 |
| Interest Expense | - | 117.40 | 135.50 | 116 | 112 |
| Interest Income | - | 6.80 | 7.80 | 13.80 | 11.40 |
| Selling General And Administration | - | 816.10 | 820.30 | 779.60 | 719.90 |
| Normalized EBITDA | - | 370.10 | 346.70 | 354 | 263.20 |
| Normalized Income | - | 113.94 | 85.10 | 93.07 | 41.16 |
| Market Cap | 1,342.05 | 1,342.05 | 1,342.05 | 1,342.05 | 1,342.05 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| World Kinect Corporationthis co. | WKC | - | -2.18 | 1.03 | -47.3% | -3.49 |
| enCore Energy Corp. | EU | $361M | - | 1.51 | -22.0% | -6.72 |
| PrimeEnergy Resources Corporation | PNRG | $346M | 19.73 | 1.64 | 12.2% | 3.15 |
| Infinity Natural Resources, Inc. | INR | $305M | 18.27 | 0.82 | 2.4% | 3.72 |
| Kolibri Global Energy Inc. | KGEI | $206M |
| - |
| - |
| - |
| - |
| - |
| - |
| 13.49 |
| 1.01 |
| 7.6% |
| 6.37 |
| New Fortress Energy Inc. | NFE | $198M | - | 1.08 | -595.4% | 144.47 |
| Epsilon Energy Ltd. | EPSN | $192M | - | 1.54 | -4.6% | 7.02 |
| Prairie Operating Co. | PROP | $120M | - | 0.59 | 24.6% | 5.78 |
| Empire Petroleum Corporation | EP | $100M | - | -21.29 | 1564.8% | -15.73 |
| Peer Median | - | 18.27 | 1.04 | 5.0% | 4.75 | |