Short answer
WORLD KINECT CORP (WKC) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $36.9B (−12.5% year over year) and net income of −$614M.
- Top risk flagged: Goodwill impairment charge $528.3M in 2025, driven by land reporting unit fair value decline since Q4 2024
FY2025 key financial metrics · XBRL
- Revenue
- $36.9B
- −12.5% YoY
- Net income
- −$614M
- −1011.6% YoY
- Operating margin
- -1.5%
- −2.0 pp YoY
- Gross margin
- 2.6%
- +0.1 pp YoY
- EPS (diluted)
- −$10.99
- −1072.6% YoY
- ROE
- -47.3%
- −50.8 pp YoY
- Operating cash flow
- $293M
- +12.7% YoY
Source: XBRL data from the WORLD KINECT CORP (WKC) FY2025 10-K on SEC EDGAR. USD.
WORLD KINECT CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.