World Kinect Corporation (WKC) - Net Assets
Based on the latest financial reports, World Kinect Corporation (WKC) has net assets worth $1.31 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.86 Billion) and total liabilities ($4.56 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check World Kinect Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.31 Billion |
| % of Total Assets | 22.3% |
| Annual Growth Rate | 18.87% |
| 5-Year Change | -31.77% |
| 10-Year Change | -32.58% |
| Growth Volatility | 40.52 |
World Kinect Corporation - Net Assets Trend (1985–2025)
This chart illustrates how World Kinect Corporation's net assets have evolved over time, based on quarterly financial data. Also explore WKC asset base for the complete picture of this company's asset base.
Annual Net Assets for World Kinect Corporation (1985–2025)
The table below shows the annual net assets of World Kinect Corporation from 1985 to 2025. For live valuation and market cap data, see market value of World Kinect Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.31 Billion | -33.13% |
| 2024-12-31 | $1.96 Billion | +0.32% |
| 2023-12-31 | $1.95 Billion | -2.07% |
| 2022-12-31 | $1.99 Billion | +3.86% |
| 2021-12-31 | $1.92 Billion | +0.20% |
| 2020-12-31 | $1.91 Billion | +1.00% |
| 2019-12-31 | $1.89 Billion | +3.41% |
| 2018-12-31 | $1.83 Billion | +5.39% |
| 2017-12-31 | $1.74 Billion | -10.42% |
| 2016-12-31 | $1.94 Billion | +0.97% |
| 2015-12-31 | $1.92 Billion | +3.03% |
| 2014-12-31 | $1.86 Billion | +11.08% |
| 2013-12-31 | $1.68 Billion | +8.90% |
| 2012-12-31 | $1.54 Billion | +14.47% |
| 2011-12-31 | $1.35 Billion | +19.54% |
| 2010-12-31 | $1.13 Billion | +53.64% |
| 2009-12-31 | $733.25 Million | +20.62% |
| 2008-12-31 | $607.89 Million | +25.63% |
| 2007-12-31 | $483.88 Million | +13.59% |
| 2006-12-31 | $425.97 Million | +20.55% |
| 2005-12-31 | $353.35 Million | +87.45% |
| 2004-12-31 | $188.50 Million | +27.04% |
| 2003-12-31 | $148.38 Million | +27.43% |
| 2001-12-31 | $116.44 Million | +12.11% |
| 2000-12-31 | $103.86 Million | +4.21% |
| 1999-12-31 | $99.66 Million | +1.38% |
| 1998-12-31 | $98.30 Million | +6.96% |
| 1997-12-31 | $91.90 Million | +22.21% |
| 1996-12-31 | $75.20 Million | +17.87% |
| 1995-12-31 | $63.80 Million | +22.46% |
| 1994-12-31 | $52.10 Million | +30.25% |
| 1993-12-31 | $40.00 Million | +16.28% |
| 1992-12-31 | $34.40 Million | +5.20% |
| 1991-12-31 | $32.70 Million | +25.29% |
| 1990-12-31 | $26.10 Million | +25.48% |
| 1989-12-31 | $20.80 Million | +156.79% |
| 1988-12-31 | $8.10 Million | +65.31% |
| 1987-12-31 | $4.90 Million | +28.95% |
| 1986-12-31 | $3.80 Million | +192.31% |
| 1985-12-31 | $1.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to World Kinect Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 438533.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.32 Billion | 101.29% |
| Common Stock | $500.00K | 0.04% |
| Other Comprehensive Income | $-17.30 Million | -1.33% |
| Total Equity | $1.30 Billion | 100.00% |
World Kinect Corporation Competitors by Market Cap
The table below lists competitors of World Kinect Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ingles Markets Incorporated
NASDAQ:IMKTA
|
$1.33 Billion |
|
Henan Zhongyuan Expressway Co Ltd
SHG:600020
|
$1.33 Billion |
|
Sinomach Automobile Co Ltd
SHG:600335
|
$1.33 Billion |
|
Tinavi Medical Technologies Co Ltd
SHG:688277
|
$1.33 Billion |
|
He Bei Cheng De LoLo Co Ltd
SHE:000848
|
$1.33 Billion |
|
M Yochananof and Sons Ltd
TA:YHNF
|
$1.33 Billion |
|
Cobram Estate Olives Ltd
AU:CBO
|
$1.33 Billion |
|
Delong Composite Energy Group Co Ltd
SHE:000593
|
$1.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in World Kinect Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,948,700,000 to 1,299,100,000, a change of -649,600,000 (-33.3%).
- Net loss of 614,000,000 reduced equity.
- Dividend payments of 41,300,000 reduced retained earnings.
- Share repurchases of 85,000,000 reduced equity.
- Other comprehensive income increased equity by 73,700,000.
- Other factors increased equity by 17,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-614.00 Million | -47.26% |
| Dividends Paid | $41.30 Million | -3.18% |
| Share Repurchases | $85.00 Million | -6.54% |
| Other Comprehensive Income | $73.70 Million | +5.67% |
| Other Changes | $17.00 Million | +1.31% |
| Total Change | $- | -33.34% |
Book Value vs Market Value Analysis
This analysis compares World Kinect Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 333.54x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.08 | $27.10 | x |
| 1986-12-31 | $0.14 | $27.10 | x |
| 1987-12-31 | $0.16 | $27.10 | x |
| 1988-12-31 | $0.25 | $27.10 | x |
| 1989-12-31 | $0.51 | $27.10 | x |
| 1990-12-31 | $0.61 | $27.10 | x |
| 1991-12-31 | $0.76 | $27.10 | x |
| 1992-12-31 | $0.75 | $27.10 | x |
| 1993-12-31 | $0.94 | $27.10 | x |
| 1994-12-31 | $1.18 | $27.10 | x |
| 1995-12-31 | $1.32 | $27.10 | x |
| 1996-12-31 | $1.52 | $27.10 | x |
| 1997-12-31 | $1.83 | $27.10 | x |
| 1998-12-31 | $1.96 | $27.10 | x |
| 1999-12-31 | $2.07 | $27.10 | x |
| 2000-12-31 | $2.44 | $27.10 | x |
| 2001-12-31 | $2.73 | $27.10 | x |
| 2003-12-31 | $3.32 | $27.10 | x |
| 2004-12-31 | $4.02 | $27.10 | x |
| 2005-12-31 | $7.01 | $27.10 | x |
| 2006-12-31 | $7.36 | $27.10 | x |
| 2007-12-31 | $8.32 | $27.10 | x |
| 2008-12-31 | $10.47 | $27.10 | x |
| 2009-12-31 | $12.24 | $27.10 | x |
| 2010-12-31 | $17.77 | $27.10 | x |
| 2011-12-31 | $18.64 | $27.10 | x |
| 2012-12-31 | $21.13 | $27.10 | x |
| 2013-12-31 | $23.31 | $27.10 | x |
| 2014-12-31 | $26.01 | $27.10 | x |
| 2015-12-31 | $27.04 | $27.10 | x |
| 2016-12-31 | $27.58 | $27.10 | x |
| 2017-12-31 | $25.28 | $27.10 | x |
| 2018-12-31 | $26.82 | $27.10 | x |
| 2019-12-31 | $28.43 | $27.10 | x |
| 2020-12-31 | $29.83 | $27.10 | x |
| 2021-12-31 | $30.22 | $27.10 | x |
| 2022-12-31 | $31.66 | $27.10 | x |
| 2023-12-31 | $31.49 | $27.10 | x |
| 2024-12-31 | $32.75 | $27.10 | x |
| 2025-12-31 | $23.71 | $27.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently World Kinect Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -47.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.66%
- • Asset Turnover: 6.30x
- • Equity Multiplier: 4.51x
- Recent ROE (-47.26%) is below the historical average (10.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 15.38% | 2.74% | 1.92x | 2.92x | $70.00K |
| 1986 | 5.26% | 2.17% | 1.35x | 1.79x | $-180.00K |
| 1987 | 20.41% | 2.43% | 4.15x | 2.02x | $510.00K |
| 1988 | 27.16% | 3.41% | 3.96x | 2.01x | $1.39 Million |
| 1989 | 19.23% | 2.81% | 3.55x | 1.93x | $1.92 Million |
| 1990 | 18.39% | 2.05% | 4.70x | 1.91x | $2.19 Million |
| 1991 | 18.04% | 2.87% | 3.71x | 1.69x | $2.63 Million |
| 1992 | 4.65% | 0.63% | 4.66x | 1.59x | $-1.84 Million |
| 1993 | 13.00% | 2.08% | 4.66x | 1.34x | $1.20 Million |
| 1994 | 15.55% | 2.24% | 4.04x | 1.72x | $2.89 Million |
| 1995 | 17.08% | 1.70% | 5.73x | 1.76x | $4.52 Million |
| 1996 | 17.69% | 1.72% | 6.28x | 1.64x | $5.78 Million |
| 1997 | 17.30% | 1.98% | 5.59x | 1.56x | $6.71 Million |
| 1998 | 15.36% | 2.03% | 4.74x | 1.60x | $5.27 Million |
| 1999 | 9.67% | 0.80% | 5.29x | 2.28x | $-331.10K |
| 2000 | 10.24% | 0.70% | 6.88x | 2.14x | $248.00K |
| 2001 | 14.80% | 1.26% | 5.29x | 2.22x | $5.59 Million |
| 2003 | 14.74% | 0.82% | 7.44x | 2.41x | $7.04 Million |
| 2004 | 15.15% | 0.51% | 7.94x | 3.78x | $9.71 Million |
| 2005 | 11.21% | 0.45% | 8.61x | 2.87x | $4.27 Million |
| 2006 | 15.01% | 0.59% | 8.44x | 3.00x | $21.35 Million |
| 2007 | 13.39% | 0.47% | 7.64x | 3.72x | $16.39 Million |
| 2008 | 17.28% | 0.57% | 13.18x | 2.31x | $44.25 Million |
| 2009 | 15.98% | 1.04% | 6.48x | 2.38x | $43.84 Million |
| 2010 | 13.03% | 0.77% | 7.45x | 2.28x | $34.14 Million |
| 2011 | 14.56% | 0.56% | 9.36x | 2.77x | $60.73 Million |
| 2012 | 12.48% | 0.49% | 9.48x | 2.71x | $37.63 Million |
| 2013 | 12.13% | 0.49% | 8.76x | 2.83x | $35.69 Million |
| 2014 | 11.95% | 0.51% | 8.88x | 2.63x | $36.21 Million |
| 2015 | 9.78% | 0.62% | 6.62x | 2.38x | $-4.24 Million |
| 2016 | 6.57% | 0.47% | 4.98x | 2.81x | $-66.00 Million |
| 2017 | -9.88% | -0.50% | 6.04x | 3.25x | $-342.39 Million |
| 2018 | 7.03% | 0.32% | 6.97x | 3.13x | $-53.84 Million |
| 2019 | 9.46% | 0.49% | 6.10x | 3.17x | $-10.14 Million |
| 2020 | 5.74% | 0.55% | 4.47x | 2.36x | $-81.33 Million |
| 2021 | 3.85% | 0.24% | 5.27x | 3.11x | $-117.57 Million |
| 2022 | 5.75% | 0.19% | 7.22x | 4.11x | $-84.39 Million |
| 2023 | 2.72% | 0.11% | 6.50x | 3.80x | $-141.40 Million |
| 2024 | 3.46% | 0.16% | 6.28x | 3.45x | $-127.47 Million |
| 2025 | -47.26% | -1.66% | 6.30x | 4.51x | $-743.91 Million |
Industry Comparison
This section compares World Kinect Corporation's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $3,107,724,600
- Average return on equity (ROE) among peers: 4.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| World Kinect Corporation (WKC) | $1.31 Billion | 15.38% | 3.48x | $1.33 Billion |
| Crossamerica Partners LP (CAPL) | $78.40 Million | 23.06% | 11.20x | $810.75 Million |
| Clean Energy Fuels Corp (CLNE) | $449.66 Million | -17.62% | 0.76x | $510.97 Million |
| Cosan SA ADR (CSAN) | $766.34 Million | 2.23% | 2.55x | $3.96 Billion |
| CVR Energy Inc (CVI) | $1.67 Billion | 22.78% | 1.34x | $2.89 Billion |
| HF Sinclair Corp (DINO) | $80.00 Million | 22.63% | 2.59x | $10.95 Billion |
| Delek US Energy Inc (DK) | $575.20 Million | -97.43% | 10.59x | $2.44 Billion |
| Delek Logistics Partners LP (DKL) | $-110.70 Million | 0.00% | 0.00x | $2.83 Billion |
| Delixy Holdings Limited Ordinary Shares (DLXY) | $1.35 Million | 75.98% | 16.48x | $11.24 Million |
| Icahn Enterprises LP (IEP) | $7.89 Billion | 2.47% | 1.70x | $4.77 Billion |
| Marathon Petroleum Corp (MPC) | $19.68 Billion | 14.50% | 1.19x | $61.10 Billion |
About World Kinect Corporation
World Kinect Corporation, together with its subsidiaries, operates as an energy management company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in three segments: Aviation, Land, and Marine. The Aviation segment supplies jet fuel, sustainable aviation fuel, aviation gasoline, and aviation fuel to commercial and international airlin… Read more