WKCWORLD KINECT CORP
Wholesale-Petroleum & Petroleum Products (no Bulk Stations)
- Revenue
- $36.9B
- 12% YoY
- Operating margin
- -1.5%
- 406% YoY
- EBITDA
- −$467M
- 247% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $466M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear43% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear11% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $31.3B | $59.0B | $47.7B | $42.2B | $36.9B | 12% |
| Operating income | $143M | $273M | $198M | $211M | −$565M | 368% |
| Net income | $74M | $114M | $53M | $67M | −$614M | 1012% |
| Operating cash flow | $173M | $139M | $271M | $260M | $293M | 13% |
| Capex | $39M | $79M | $88M | $68M | $66M | 3.8% |
| Stock-based comp | $20M | $18M | $24M | $28M | $26M | 9.3% |
| Buybacks | $51M | $49M | $60M | $100M | $85M | 15% |
| Dividends | $29M | $31M | $34M | $39M | $41M | 7.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $711K · 2
- Net
- −$711K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | −$97K | 84 | 291 |
| FY2024 | $7M | $12M | 96 | 267 |
| FY2023 | $7M | −$1M | 78 | 253 |
| FY2022 | $15M | $14M | 91 | 256 |
| FY2021 | $5M | $4M | 86 | 155 |