Filing Flows › World Kinect (WKC) › Q4 2025
World Kinect (WKC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
World Kinect (WKC) reported revenue of $9.0B for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and -4% from the quarter before. Operating margin was -3.1%, net loss $280M (3.1% of revenue).
World Kinect, Q4 2025: revenue $9.0B (-8% year over year), operating margin -3.1%, net loss $280M, operating cash flow $34.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.0B | -4% | -7% |
| Operating profit | −$276M | -539% | — |
| Net earnings | −$280M | -1095% | — |
| Operating cash flow | $34.2M | -71% | -72% |
| Free cash flow | $12.8M | — | -88% |
What changed
Revenue was $9.0B in Q4 2025, down 7% year over year and down 4% from the previous quarter.
Gross margin was 2.6%, unchanged from a year earlier. Operating costs exceeded revenue by $0.28B, an operating margin of -3.1%. Operating expenses grew 123% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+189%). The quarter ended with a net loss of $0.28B, after a profit of $0.03B the previous quarter.
Operating cash flow was $0.03B (down 72% year over year). Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.28B. After capital expenditures ($0.02B), free cash flow as the company reports it was $0.01B.
Questions
What was World Kinect's revenue in the fourth quarter 2025?
World Kinect (WKC) reported revenue of $9.0B for the fourth quarter 2025 (Q4 2025), -7% from a year earlier and -4% from the quarter before.
Was World Kinect profitable in the fourth quarter 2025?
Operating loss was $276M (-3.1% of revenue) and net loss $280M.
Source: World Kinect 10-K on SEC EDGAR.