World Kinect Corporation Common Stock (WKC)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett-and-Graham-style investor, I start with business quality. World Kinect is a fuel distributor and energy management company serving aviation, land, and marine customers. It has scale: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $13.6B, net income was $48.4M, and diluted EPS was $0.94. That compares with fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $9.0B and net loss was $339.4M, or diluted EPS of -$6.06. The latest quarter is a sharp improvement, but one quarter does not prove a durable moat. Fuel distribution is commodity-like and low-margin; the 0.36% net margin in fiscal Q2 2026 shows how little room for error exists. Financial health is mixed. At the 2026-10-13 close of $36.35, FairStock calculations show a negative P/E of -11.47, P/B of 1.64, ROE of -12.26%, ROCE of 2.77%, and debt-to-equity of 0.59. Trailing free cash flow is only $19.5M, a 1.0% FCF yield, while EV/EBITDA is 58.10. The negative P/E reflects trailing EPS of -$3.17; fiscal 2025, the year ended 2025-12-31, produced a net loss of $614.4M and diluted EPS of -$10.99. The Piotroski F-Score is 6/9 and Altman Z-Score is 2.64, but the Lynch category is TURNAROUND—loss in the latest year after earlier profits. The FairStock Score is 37/100, which fits a weak-quality, turnaround situation. Growth has been uneven. Fiscal 2024, the year ended 2024-12-31, revenue was $42.2B, down from $47.7B in fiscal 2023, the year ended 2023-12-31, and fiscal 2025 revenue fell further to $36.9B. The latest quarter's rebound is encouraging, but I would want several quarters of consistent profit and better cash conversion before calling this cheap. At $36.35, the market already seems to price in a successful turnaround.

In plain English: World Kinect is an energy management company that supplies fuel and related services to aviation, land transport, and marine customers. The business looks mixed: it lost money in its latest full year but made a profit in the latest quarter, and profit margins are very thin. At $36.35 a share, the price looks fair to expensive compared with the company's weak recent earnings and small cash flow.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer