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Global fuel logistics company distributing aviation, marine and land fuels plus related energy-management services.
Global fuel logistics company distributing aviation, marine and land fuels plus related energy-management services.
Buys fuel and resells it with a small margin per gallon, plus fees for fuel services, so revenue moves with oil prices while profit tracks volume sold and margin per gallon. Credit and supplier relationships let it serve airlines and ships at ports where they lack fuel supplies. It changed its name from World Fuel Services in 2023.
Moat: none (scale, distribution). Global logistics network and supplier relationships help, but fuel distribution/trading margins are thin and competitive.
Headquarters: Miami, Florida · Founded: 1984 · Employees: 4,003
Size World Kinect (WKC) is a United States Energy company (Wholesale Distributors) with a market value of $1.83B, the 1860th largest of 3,117 United States companies the cockpit tracks. Shares closed at $35.70 on 6 Nov 2026.
Performance Over six months the shares gained 31.9%, against -11.1% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 21.1% over the last twelve months (peer median +7.0%); the operating margin is 0.8% (peer median 12.0%).
Valuation It trades at 13.6× forward earnings against a peer median of 11.2× (5th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.2 points above its cost of capital (9.7% WACC).
Credit World Kinect has 1 bond outstanding ($350M).
Short interest Short interest is 22.4% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $45.6B | $36.9B | $42.3B | $47.9B | $59.0B |
| Revenue growth | — | -13% | -12% | -19% | — |
| Gross profit | $727M | $552M | $688M | $784M | $522M |
| EBITDA | $444M | $368M | $497M | $581M | $321M |
| Net income | -$167M | -$614M | $67.4M | $52.9M | $114M |
| Free cash flow | $32.2M | $182M | $86.3M | $14.8M | $313M |
| Capital expenditure | $59.8M | $65.6M | $68.2M | $87.6M | $78.6M |
| Total debt | $694M | $858M | $1.06B | $1.08B | $1.05B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| World Kinect WKC | $1.83B | +32% | +21% | 1% | 13.6× | -2.5% |
| Glencore GLEN.L | $78.0B | -14% | +27% | 2% | 10.9× | n/a |
| BP PLC Sponsored ADR BP | $119B | +3% | +26% | 14% | 6.6× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WKC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.1% | -15.4% | 4th highest of 21 |
| 6-month return | +31.9% | -11.1% | highest of 21 |
| Distance from 52-week high | -13.3% | -27.5% | 2nd highest of 21 |
| Revenue growth (TTM) | +21.1% | +7.0% | 6th highest of 20 |
| Operating margin | 0.8% | 12.0% | 4th lowest of 20 |
| Forward P/E | 13.6× | 11.2× | 5th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -2.5% | -0.5% | 7th least demanding of 14 |
| Growth delivered (Del g) | +13.0% | +9.7% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | -15.5 pp | -15.5 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | +6.2 pp | +0.4 pp | 4th highest of 21 |
| Net debt / EBITDA | 1.1× | 1.0× | 10th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| World Kinect WKC | United States | $1.83B | +32% | +21% | 1% | 13.6× | -2.5% | +13.0% |
| Flowco FLOC | United States | $1.81B | -19% | +20% | 19% | 13.1× | 8.0% | +72.3% |
| NGL Energy Partners LP NGL | United States | $1.87B | -8% | -22% | 12% | 11.9× | 1.2% | -9.6% |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| Innovex International INVX | United States | $1.76B | -6% | +7% | 12% | 14.7× | 5.7% | +21.8% |
| BKV BKV | United States | $1.92B | -37% | +84% | -1% | 11.1× | n/a | n/a |
| Liberty Energy LBRT | United States | $1.95B | -64% | +14% | 2% | n/a | n/a | n/a |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Dorian LPG LPG | United States | $1.99B | +16% | +81% | 52% | 5.4× | -6.7% | +8.8% |
| National Energy Services Reunited NESR | United States | $2.01B | -14% | +24% | 9% | 9.9× | 1.2% | +9.7% |
| SFL SFL | United States | $1.65B | -9% | -4% | 28% | 11.2× | 5.2% | +9.2% |
| Select Water Solutions WTTR | United States | $2.09B | -4% | -2% | 4% | 28.9× | n/a | n/a |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 63% | n/a | -8.1% | +9.4% |
| NextDecade NEXT | United States | $1.56B | -23% | n/a | n/a | n/a | n/a | n/a |
| Global Partners LP GLP | United States | $1.53B | -8% | +20% | 2% | 11.3× | -7.7% | +17.4% |
| Mach Natural Resources LP MNR | United States | $1.50B | -35% | +39% | 22% | 5.9× | -10.0% | +2.9% |
| Expro XPRO | United States | $1.47B | -14% | -5% | 4% | 18.0× | 13.9% | +18.9% |
| Nordic American Tankers NAT | United States | $1.41B | +13% | +29% | 29% | 7.7× | -3.4% | -3.8% |
| FLEX LNG FLNG | United States | $1.38B | -20% | +1% | 49% | 11.5× | -0.5% | +16.1% |
| Northern Oil and Gas NOG | United States | $2.43B | -2% | -3% | 30% | 4.9× | n/a | n/a |
| Talos Energy TALO | United States | $2.48B | -1% | +13% | 14% | 7.9× | -5.0% | +25.3% |
World Kinect has 1 bond outstanding with $350M face value.