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World Kinect Corporation
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 65 Forming View all →
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$2.0B
Market Cap
24.3
P/E
1.15
PEG
9.9%
ROCE
-37.5%
ROE
0.66
D/E
0.6%
OPM
-12.5%
% from 52W High
82
α RS
🔍 WKC is showing a sector-leadership setup because Sector RRG has Energy in the Leading quadrant with the trail still strengthening, RS Rating is 82, and an ECS of 89.7 last quarter. Net: Broad signal stack, not a recommendation. ? RRG RS Rating ECS
Sources
Energy in Leading quadrant · RS Rating 82 · ECS 89.7
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🌏 Global Investor Returns
Currency-adjusted total returns for WKC including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding WKC
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 31.00M $32.6M 0.04% Mar 2026
Jim Simons Renaissance Technologies LLC 46.5K $1.1M 0.00% Mar 2026
Steve Cohen Point72 Asset Management 13.1K $302K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED World Kinect Q1 gross profit up 10% to $254M, raises FY2026 EPS guidance to $2.65-$2.85
Revenue & Profitability
First quarter 2026 consolidated gross profit was $254 million, up 10% year-over-year. Marine gross profit surged 86% to $66 million; Aviation gross profit rose 20% to $138 million. Operating expenses were $181 million, up 2% YoY. Net interest expense was $26 million. Operating cash flow was negative $46 million and free cash flow negative $60 million, driven by working capital needs from higher prices. The company updated its full-year 2026 adjusted EPS guidance to $2.65-$2.85, up from $2.20-$2.40, reflecting Q1 overperformance.
Outlook
Management expects Marine gross profit to be lower sequentially in Q2 but meaningfully higher year-over-year, with price and volatility moderating from March peaks. Aviation is expected to see sequential and year-over-year growth, supported by seasonal demand and the Universal Trip Support acquisition. Land core businesses are on track for meaningful year-over-year operating income improvement. However, if the Middle East conflict persists, it could more broadly impact global supply and customer demand, and some airlines have announced schedule reductions.
Growth Drivers
Aviation growth is being driven by the Universal Trip Support acquisition (closed November 2025), which is performing as planned and adding a services revenue stream. Marine benefits from market volatility and price increases, with the team capturing incremental returns in the resale business and physical inventory. Land's growth comes from portfolio simplification, with core cardlock and retail operations improving margins and operating income expected to nearly double in 2026.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Marine margins benefited significantly from the high-price, high-volatility environment in Q1, delivering a record quarter. Aviation margins improved year-over-year, aided by the higher-margin Universal Trip Support services business and short-term opportunities. Land core operations (cardlock, retail) showed disciplined yield management, with operating margin on track to approach 30% target in 2026. Operating expenses were well-controlled, with increases from the acquisition and variable compensation mostly offset by cost savings from land exits.
Key Risks
Management flagged that the current favorable market conditions (price and volatility) can disappear quickly, making future upside unpredictable. An extended Middle East conflict could disrupt global supply chains and reduce customer demand. Several airlines have announced schedule reductions, which may dampen aviation volumes in the peak season. Higher commodity prices increase credit exposure, requiring proactive risk management; any credit losses could impact results.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-23
Record adjusted EPS and gross profit were achieved, driven by strong execution and favorable market conditions in aviation and marine, while land segment profitability improved after portfolio simplification. Full-year EPS guidance was raised, with management maintaining a cautious outlook amid ongoing market volatility.
Q1 2026 Q1 2026 2026-04-23
Strong Q1 results exceeded expectations, driven by marine and aviation amid volatile markets. Full-year adjusted EPS guidance was raised, with continued focus on core businesses, disciplined risk management, and shareholder returns.
Q4 2025 Q4 2025 2026-02-19
Leadership transition and portfolio simplification drove significant exits and a focus on core, higher-margin businesses. Q4 and full-year results were below expectations, but 2026 guidance anticipates improved margins and EPS growth, supported by strong cash flow and capital returns.
Q3 2025 Q3 2025 2025-10-23
Leadership transition announced with Ira Birns as incoming CEO. Q3 saw lower volumes and gross profit, but strong cost control and cash flow. Acquisition of Universal Trip Support Services is set to boost aviation and EPS, while portfolio reshaping and efficiency initiatives continue.
Q2 2025 Q2 2025 2025-07-31
Aviation delivered strong growth, offsetting land and marine weakness due to divestitures and market headwinds. Adjusted operating income rose 11% year-over-year, with robust cash flow enabling increased dividends and buybacks. Portfolio transformation and cost discipline remain priorities.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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