WORLD KINECT CORP (WKC) FY2025 10-K Annual Report
Filed: Feb 24, 2026
Consumer Staples
Wholesale-Petroleum & Petroleum Products (No Bulk Stations)SEC EDGAR WORLD KINECT CORP (WKC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
WORLD KINECT CORP FY2025 10-K Analysis
Business Overview
- • Core business: Integrated fuel supply and logistics services across aviation, land, and marine segments
- • New emphasis: Acquisition of Universal TSS for $207 million in 2025, sale of Avinode Group in 2024 to sharpen focus on core businesses
- • Strategic shift: Exited multiple non-core or unprofitable land operations including Brazil and Watson Fuels sale in 2025 to enhance capital efficiency
- • Quantitative highlight: Completed Universal TSS acquisition for $207 million; restructured land segment with multiple asset and personnel rationalizations
- • Noteworthy fact: Supreme Court ruling in 2026 struck down 2025 tariffs, creating ongoing trade policy uncertainty impacting global fuel demand and financial results
Management Discussion & Analysis
- • MDA focuses on competitive risks, tax, regulatory, environmental challenges; no revenue or profit figures disclosed
- • Highlights risks from competition with large and niche firms impacting revenues and profits via pricing and market share
- • Discusses climate change regulatory risks, including emissions fees repeal and impact of renewable fuel incentives on demand
- • Notes tax risks and variability, including audits and changes in global tax laws that may affect effective tax rate and cash flows
- • No financial metrics, segment data, cash flow, or forward guidance provided in this section
Risk Factors
- • Goodwill impairment charge $528.3M in 2025, driven by land reporting unit fair value decline since Q4 2024
- • $2.0M barrels/year aviation fuel purchase contract through 2026 exposes to volatile fuel market prices
- • Derivatives obligations $64.5M fluctuate with commodity prices, foreign exchange, interest rates risk management
- • Acquisition of Universal TSS for $207.0M with $60.0M payable over 4 years increases leverage and integration risk
- • Unrecognized income tax liabilities $95.9M including penalties and interest, settlement timing uncertain
WORLD KINECT CORP FY2025 Key Financial MetricsXBRL
Revenue
$36.9B
▼ -12.5% YoY
Net Income
-$614M
▼ -1011.6% YoY
Gross Margin
2.6%
▲ +13bp YoY
Operating Margin
-1.5%
▼ -203bp YoY
Net Margin
-1.7%
▼ -182bp YoY
ROE
-47.3%
▼ -5075bp YoY
Total Assets
$5.9B
▼ -12.9% YoY
EPS (Diluted)
$-10.99
▼ -1072.6% YoY
Operating Cash Flow
$293M
▲ +12.7% YoY
Source: XBRL data from WORLD KINECT CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on WORLD KINECT CORP
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.