Latest Ratios: P/E Ratio -3.1x · EV/EBITDA 6.7x · ROE -37.6%. (1995–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.3B | $1.6B | $1.4B | $1.7B | $1.7B | $2.0B | $2.9B | $1.4B | $1.9B | $3.2B |
| Enterprise Value | $2.4B | $1.8B | $2.3B | $2.2B | $2.5B | $1.7B | $2.0B | $3.5B | $1.9B | $2.5B | $3.7B |
| P/E Ratio → | -3.06 | — | 24.35 | 26.49 | 15.02 | 22.82 | 18.22 | 16.14 | 11.33 | — | 25.36 |
| P/S Ratio | 0.05 | 0.03 | 0.04 | 0.03 | 0.03 | 0.05 | 0.10 | 0.08 | 0.04 | 0.06 | 0.12 |
| P/B Ratio | 1.41 | 0.98 | 0.84 | 0.72 | 0.86 | 0.87 | 1.04 | 1.52 | 0.79 | 1.10 | 1.65 |
| P/FCF | 8.24 | 5.65 | 8.54 | 94.97 | 28.61 | 15.07 | 3.61 | 19.52 | — | 12.67 | 18.95 |
| P/OCF | 6.40 | 4.38 | 6.30 | 13.73 | 12.37 | 11.14 | 3.30 | 12.62 | — | 9.34 | 15.62 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.10 | 0.10 | 0.05 | 0.07 | 0.14 |
| EV / EBITDA | 6.75 | 5.08 | 4.41 | 3.75 | 7.66 | — | 6.79 | 10.60 | 6.29 | 9.11 | 15.19 |
| EV / EBIT | 9.36 | — | 10.23 | 9.96 | 9.53 | 11.64 | 9.62 | 11.00 | 7.46 | 54.30 | 19.87 |
| EV / FCF | — | 7.86 | 12.06 | 147.25 | 41.08 | 15.26 | 3.65 | 23.60 | — | 16.23 | 21.83 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.4% | 1.4% | 1.7% | 1.6% | 0.9% | 0.2% | 2.6% | 1.5% | 1.3% | 1.5% | 1.7% |
| Operating Margin | 0.7% | 0.7% | 1.0% | 1.0% | 0.4% | -0.6% | 1.1% | 0.7% | 0.6% | 0.5% | 0.6% |
| Net Profit Margin | -1.7% | -1.7% | 0.2% | 0.1% | 0.2% | 0.2% | 0.5% | 0.5% | 0.3% | -0.5% | 0.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -37.6% | -37.6% | 3.5% | 2.7% | 5.8% | 3.8% | 5.8% | 9.6% | 7.2% | -9.3% | 6.6% |
| ROA | -9.7% | -9.7% | 1.0% | 0.7% | 1.6% | 1.4% | 2.1% | 3.1% | 2.3% | -3.1% | 2.5% |
| ROIC | 8.6% | 8.6% | 11.7% | 13.1% | 6.8% | -7.0% | 7.2% | 7.5% | 7.4% | 5.9% | 5.3% |
| ROCE | 8.7% | 8.7% | 12.6% | 13.8% | 6.7% | -6.4% | 7.5% | 8.7% | 8.1% | 6.0% | 5.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.53 | 0.53 | 0.54 | 0.55 | 0.53 | 0.35 | 0.36 | 0.42 | 0.38 | 0.52 | 0.61 |
| Debt / EBITDA | 1.98 | 1.98 | 2.02 | 1.86 | 3.26 | — | 2.29 | 2.40 | 2.27 | 3.38 | 4.88 |
| Net Debt / Equity | — | 0.39 | 0.34 | 0.40 | 0.38 | 0.01 | 0.01 | 0.32 | 0.27 | 0.31 | 0.25 |
| Net Debt / EBITDA | 1.43 | 1.43 | 1.29 | 1.33 | 2.33 | — | 0.08 | 1.83 | 1.58 | 2.00 | 2.01 |
| Debt / FCF | — | 2.22 | 3.52 | 52.28 | 12.48 | 0.19 | 0.04 | 4.08 | — | 3.56 | 2.88 |
| Interest Coverage | -5.76 | -5.76 | 1.95 | 1.61 | 2.20 | 3.09 | 4.32 | 3.97 | 3.47 | 0.68 | 4.25 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.06 | 1.06 | 1.15 | 1.11 | 1.14 | 1.30 | 1.57 | 1.32 | 1.35 | 1.45 | 1.76 |
| Quick Ratio | 0.92 | 0.92 | 1.00 | 0.95 | 0.97 | 1.14 | 1.36 | 1.13 | 1.18 | 1.26 | 1.55 |
| Cash Ratio | 0.06 | 0.06 | 0.11 | 0.08 | 0.06 | 0.21 | 0.39 | 0.08 | 0.07 | 0.14 | 0.32 |
| Asset Turnover | — | 6.30 | 6.28 | 6.50 | 7.22 | 5.27 | 4.47 | 6.10 | 6.97 | 6.04 | 4.98 |
| Inventory Turnover | 80.13 | 80.13 | 80.98 | 70.91 | 74.95 | 65.37 | 56.85 | 60.67 | 74.74 | 65.84 | 57.89 |
| Days Sales Outstanding | — | 21.83 | 20.99 | 20.84 | 20.39 | 27.46 | 22.49 | 28.87 | 25.24 | 29.27 | 31.72 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.2% | 3.2% | 2.4% | 2.4% | 1.8% | 1.7% | 1.3% | 0.7% | 1.1% | 0.9% | 0.5% |
| Payout Ratio | — | — | 57.1% | 64.3% | 27.2% | 38.9% | 23.4% | 11.8% | 12.7% | — | 13.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.1% | 3.8% | 6.7% | 4.4% | 5.5% | 6.2% | 8.8% | — | 3.9% |
| FCF Yield | 12.1% | 17.7% | 11.7% | 1.1% | 3.5% | 6.6% | 27.7% | 5.1% | — | 7.9% | 5.3% |
| Buyback Yield | 4.5% | 6.6% | 6.1% | 4.3% | 2.8% | 3.0% | 3.4% | 2.3% | 1.4% | 3.2% | 1.3% |
| Total Shareholder Yield | 6.8% | 9.8% | 8.5% | 6.7% | 4.7% | 4.7% | 4.7% | 3.0% | 2.5% | 4.1% | 1.8% |
| Shares Outstanding | — | $55M | $60M | $62M | $63M | $63M | $64M | $67M | $68M | $68M | $70M |
Working capital liquidity sensitivity
According to current market data, WKC trades at a negative TTM P/E ratio, while its forward P/E of 12.07 suggests that investors are pricing in a recovery that remains highly speculative given the company's recent history of net losses and persistent revenue contraction across its core segments.
The disconnect between the negative TTM earnings and the forward-looking multiple implies that the market is heavily discounting current operational volatility in favor of a potential turnaround. Investors should monitor whether the forward multiple is justified by actual margin expansion or if it merely reflects an overly optimistic consensus regarding the company's transition to higher-margin service offerings.
Based on reported figures, ROIC has remained consistently low, fluctuating between -0.4% and 3.2% over the last ten quarters, which indicates that the company is struggling to generate returns that meaningfully exceed its cost of capital in its current high-volume, low-spread fuel distribution business model.
The inability to sustain a higher ROIC suggests that the company's capital-intensive role as a credit intermediary is not currently yielding the expected efficiency gains. This trend warrants further investigation into whether the recent rebranding and strategic pivot can actually improve capital productivity or if the business remains structurally tethered to low-return commodity logistics.
As reported in financial statements, the cash conversion cycle has remained remarkably tight, often near zero, which highlights the company's reliance on rapid inventory turnover and efficient receivables management to maintain liquidity in a business model characterized by razor-thin gross margins of approximately 1.45%.
While the low CCC suggests effective management of working capital, it also leaves the company with almost no margin for error if customer payment cycles extend or if fuel price volatility disrupts the timing of cash inflows. The stability of these metrics is critical, as any degradation in DSO or DIO could immediately strain the company's liquidity position.
According to quarterly balance sheet data, the current ratio has hovered between 1.05 and 1.16, indicating that WKC maintains a narrow liquidity buffer that may be insufficient to absorb significant shocks in a volatile global fuel market where working capital requirements can shift rapidly.
The tight liquidity profile appears to be a structural feature of the company's role as a global credit intermediary, but it leaves little room for operational missteps. Investors should monitor the quick ratio closely, as any reliance on inventory liquidation to meet short-term obligations could prove problematic during periods of declining fuel demand.
The P/E ratio is frequently misapplied to WKC, as it obscures the company's role as a principal-agent intermediary where headline revenue and earnings are heavily distorted by pass-through commodity price movements and derivative hedging activities that do not reflect the underlying economic health of the business.
Analysts should instead focus on metrics that capture the spread-based nature of the business, such as EV/EBITDA or return on invested capital, which better account for the capital-intensive nature of the credit-extension model. Relying on P/E in a business with such high volatility in net income often leads to misleading conclusions about the company's true earning power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WKC stock.
World Kinect Corporation's current P/E ratio is -3.1x. The historical average is 16.0x.
World Kinect Corporation's current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.4x.
World Kinect Corporation's return on equity (ROE) is -37.6%. The historical average is 10.1%.
Based on historical data, World Kinect Corporation is trading at a P/E of -3.1x. Compare with industry peers and growth rates for a complete picture.
World Kinect Corporation's current dividend yield is 2.23%.
World Kinect Corporation has 1.4% gross margin and 0.7% operating margin.
World Kinect Corporation's Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.