WORLD KINECT CORP
WKC · Wholesale-Petroleum & Petroleum Products (No Bulk Stations) · 51.4M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $36M (gross $60M, SBC $24M)
Reference price $30.17 · est. market cap ~$1.5B — last insider sale, 2026-06-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D48Low-margin global fuel distributor in a loss year with heavy restructuring and exit charges.
Strengths
- Positive free cash flow of $227M (75.7th pct) despite the loss
- Portfolio rationalization (Watson, Avinode) and Universal TSS deal sharpening the mix
Risks
- Net and operating margins negative; ROE -47% and net income growth in the 1.8th pct
- Revenue down 12%, negative interest coverage, thin 2.6% gross margin and customer credit concentration
Notable findings
- No interest coverageInterest coverage -5.04 (cannot cover interest)
- Net lossNet loss (net margin -1.7%)
- Strong balance sheetStrong balance sheet — $194M cash & investments
- Insider sellingInsider selling — 13 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$3M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
2.6%
Operating margin
-1.5%
Net margin
-1.7%
Return on equity
-47.3%
Return on assets
-10.5%
Revenue growth (QoQ)
7.3%
Interest coverage
-5.0×
Current ratio
1.1×
Free cash flow
$227M
EBITDA
-$466M
Tangible book value
$250M
Cash & investments
$194M
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Kottkamp Jeffrey Michael | Grant | 6.4K | — |
| 2026-06-18 | Piper Gregory F | Grant | 6.4K | — |
| 2026-06-18 | Cherwoo Sharda | Grant | 6.4K | — |
| 2026-06-18 | Smith Andrea B | Grant | 6.4K | — |
| 2026-06-18 | Benitez Jorge L. | Grant | 6.4K | — |
| 2026-06-18 | Manley John L | Grant | 7.2K | — |
| 2026-06-18 | STEBBINS PAUL H | Grant | 6.1K | — |
| 2026-06-18 | BAKSHI KEN | Grant | 7.1K | — |
| 2026-06-08 | KASBAR MICHAEL J | Sell | 19K | $30.17 |
| 2026-06-05 | KASBAR MICHAEL J | Sell | 700 | $30.00 |
| 2026-06-02 | KASBAR MICHAEL J | Sell | 10K | $29.15 |
| 2026-05-11 | KASSAR RICHARD A | Sell | 10K | $26.97 |
| 2026-05-10 | Kroll Michael John | Tax withheld | 196 | $27.07 |
| 2026-05-10 | Kroll Michael John | Tax withheld | 272 | $27.07 |
| 2026-05-10 | Kroll Michael John | Tax withheld | 228 | $27.07 |
| 2026-05-10 | Kroll Michael John | Grant | 5.0K | — |
| 2026-05-10 | Kroll Michael John | Tax withheld | 203 | $27.07 |
| 2026-05-10 | Tejada Jose-Miguel | Tax withheld | 462 | $27.07 |
| 2026-05-10 | Tejada Jose-Miguel | Tax withheld | 536 | $27.07 |
| 2026-05-10 | Tejada Jose-Miguel | Tax withheld | 494 | $27.07 |
| 2026-05-10 | Tejada Jose-Miguel | Tax withheld | 435 | $27.07 |
| 2026-05-05 | STEBBINS PAUL H | Sell | 21K | $27.69 |
| 2026-05-05 | KASBAR MICHAEL J | Sell | 500 | $27.50 |
| 2026-05-04 | KASBAR MICHAEL J | Sell | 10K | $27.11 |
| 2026-05-04 | Kroll Michael John | Sell | 2.1K | $27.30 |
| 2026-04-28 | KASBAR MICHAEL J | Sell | 847 | $27.55 |
| 2026-04-24 | KASBAR MICHAEL J | Sell | 16K | $27.47 |
| 2026-04-24 | KASBAR MICHAEL J | Sell | 590 | $28.77 |
| 2026-04-24 | KASBAR MICHAEL J | Sell | 6.9K | $29.80 |
| 2026-03-28 | Birns Ira M | Tax withheld | 2.7K | $23.36 |
| 2026-03-28 | RAU JOHN PETER | Tax withheld | 2.6K | $23.36 |
| 2026-03-28 | KASBAR MICHAEL J | Tax withheld | 8.9K | $23.36 |
| 2026-03-15 | Tejada Jose-Miguel | Grant | 8.8K | — |
| 2026-03-15 | RAU JOHN PETER | Tax withheld | 2.1K | $22.80 |
| 2026-03-15 | RAU JOHN PETER | Tax withheld | 1.8K | $22.80 |
| 2026-03-15 | RAU JOHN PETER | Grant | 32K | — |
| 2026-03-15 | Birns Ira M | Tax withheld | 2.1K | $22.80 |
| 2026-03-15 | Birns Ira M | Tax withheld | 1.8K | $22.80 |
| 2026-03-15 | Birns Ira M | Grant | 39K | — |
| 2026-03-15 | KASBAR MICHAEL J | Tax withheld | 9.9K | $22.80 |
| 2026-03-15 | KASBAR MICHAEL J | Tax withheld | 8.4K | $22.80 |
| 2026-03-02 | KASBAR MICHAEL J | Sell | 10K | $25.02 |
| 2025-11-10 | Kroll Michael John | Tax withheld | 196 | $25.58 |
| 2025-11-10 | Kroll Michael John | Tax withheld | 203 | $25.58 |
| 2025-11-10 | Tejada Jose-Miguel | Tax withheld | 435 | $25.58 |
| 2025-11-10 | Tejada Jose-Miguel | Tax withheld | 462 | $25.58 |
| 2025-10-24 | Smith Andrea B | Grant | 4.3K | — |
| 2025-09-16 | Piper Gregory F | Grant | 276 | — |
| 2025-07-17 | Piper Gregory F | Grant | 5.5K | — |
| 2025-06-05 | Kottkamp Jeffrey Michael | Grant | 6.7K | — |
| 2025-06-05 | Cherwoo Sharda | Grant | 7.1K | — |
| 2025-06-05 | STEBBINS PAUL H | Grant | 6.4K | — |
| 2025-06-05 | Roddenberry Stephen K | Grant | 7.1K | — |
| 2025-06-05 | Manley John L | Grant | 7.3K | — |
| 2025-06-05 | KASSAR RICHARD A | Grant | 6.7K | — |
| 2025-06-05 | BAKSHI KEN | Grant | 7.5K | — |
| 2025-06-05 | Benitez Jorge L. | Grant | 7.1K | — |
| 2025-05-10 | Tejada Jose-Miguel | Tax withheld | 434 | $26.79 |
| 2025-05-10 | Tejada Jose-Miguel | Tax withheld | 460 | $26.79 |
| 2025-05-10 | Tejada Jose-Miguel | Tax withheld | 535 | $26.79 |
| 2025-05-10 | Tejada Jose-Miguel | Grant | 6.3K | — |
| 2025-04-23 | Kottkamp Jeffrey Michael | Grant | 862 | — |
| 2025-03-28 | RAU JOHN PETER | Tax withheld | 3.1K | $28.52 |
| 2025-03-28 | KASBAR MICHAEL J | Tax withheld | 8.9K | $28.52 |
| 2025-03-28 | Birns Ira M | Tax withheld | 3.1K | $28.52 |
| 2025-03-15 | RAU JOHN PETER | Grant | 30K | — |
| 2025-03-15 | RAU JOHN PETER | Tax withheld | 10K | $27.96 |
| 2025-03-15 | RAU JOHN PETER | Tax withheld | 2.3K | $27.96 |
| 2025-03-15 | RAU JOHN PETER | Tax withheld | 2.4K | $27.96 |
| 2025-03-15 | RAU JOHN PETER | Tax withheld | 3.4K | $27.96 |
| 2025-03-15 | RAU JOHN PETER | Grant | 22K | — |
| 2025-03-15 | Birns Ira M | Grant | 41K | — |
| 2025-03-15 | Birns Ira M | Tax withheld | 14K | $27.96 |
| 2025-03-15 | Birns Ira M | Tax withheld | 2.9K | $27.96 |
| 2025-03-15 | Birns Ira M | Tax withheld | 3.2K | $27.96 |
| 2025-03-15 | Birns Ira M | Tax withheld | 3.4K | $27.96 |
| 2025-03-15 | Birns Ira M | Grant | 22K | — |
| 2025-03-15 | KASBAR MICHAEL J | Grant | 119K | — |
| 2025-03-15 | KASBAR MICHAEL J | Tax withheld | 47K | $27.96 |
| 2025-03-15 | KASBAR MICHAEL J | Tax withheld | 5.2K | $27.96 |
| 2025-03-15 | KASBAR MICHAEL J | Tax withheld | 9.3K | $27.96 |
| 2025-03-15 | KASBAR MICHAEL J | Tax withheld | 9.8K | $27.96 |
| 2025-03-15 | KASBAR MICHAEL J | Grant | 64K | — |
| 2025-03-04 | KASBAR MICHAEL J | Option exercise | 145K | $23.39 |
| 2025-03-04 | KASBAR MICHAEL J | Tax withheld | 124K | $29.08 |
| 2025-03-04 | KASBAR MICHAEL J | Sell | 22K | $28.96 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-23 | ResultsExhibits | filing ↗ |
| 2026-02-19 | ResultsExhibits | filing ↗ |
| 2025-12-09 | Exec/director change | filing ↗ |
| 2025-11-13 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2025-10-28 | Exec/director change5.03Reg FDExhibits | filing ↗ |
| 2025-10-23 | ResultsExhibits | filing ↗ |
| 2025-07-31 | ResultsExhibits | filing ↗ |
| 2025-07-23 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-04-24 | 2026-03-31 | 0000789460-26-000028 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0000789460-26-000023 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0000789460-26-000015 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0000789460-26-000011 ↗ |
| 8-K | 2025-12-09 | 2025-12-03 | 0001193125-25-312919 ↗ |
| 8-K | 2025-11-13 | 2025-11-10 | 0001193125-25-280505 ↗ |
| 8-K | 2025-10-28 | 2025-10-22 | 0001193125-25-253809 ↗ |
| 10-Q | 2025-10-24 | 2025-09-30 | 0000789460-25-000030 ↗ |
| 8-K | 2025-10-23 | 2025-10-23 | 0000789460-25-000026 ↗ |
| 10-Q | 2025-08-01 | 2025-06-30 | 0000789460-25-000019 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0000789460-25-000011 ↗ |
| 8-K | 2025-07-23 | 2025-07-17 | 0001193125-25-163448 ↗ |