World Kinect (WKC)
Market Price (12/25/2025): $23.47 | Market Cap: $1.3 BilSector: Energy | Industry: Oil & Gas Refining & Marketing
World Kinect (WKC)
Market Price (12/25/2025): $23.47Market Cap: $1.3 BilSector: EnergyIndustry: Oil & Gas Refining & Marketing
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldDividend Yield is 3.1%, FCF Yield is 24% | Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -87% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -10% |
| Low stock price volatilityVol 12M is 29% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -34% | |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, and Hydrogen Economy. Themes include Renewable Fuel Production, and Hydrogen Infrastructure. | Key risksWKC key risks include [1] the potential inability of customers to pay for the substantial unsecured credit it extends, Show more. |
| Attractive yieldDividend Yield is 3.1%, FCF Yield is 24% |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, and Hydrogen Economy. Themes include Renewable Fuel Production, and Hydrogen Infrastructure. |
| Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -87% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -10% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -34% |
| Key risksWKC key risks include [1] the potential inability of customers to pay for the substantial unsecured credit it extends, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
During the approximate period from August 31, 2025, to December 25, 2025, World Kinect (WKC) stock experienced a decline of 10.9% due to several key factors: 1. Q3 2025 Earnings Miss: World Kinect reported its third-quarter 2025 adjusted earnings per share (EPS) of $0.54, which significantly missed the analyst consensus estimate of $0.61, representing an 11.48% negative surprise.2. Revenue and Volume Contraction: The company's revenue for Q3 2025 fell by approximately 10% year-over-year to $9.392 billion, with consolidated volume also declining by 4% compared to the previous year, indicating a challenging business environment.
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Stock Movement Drivers
Fundamental Drivers
The -9.2% change in WKC stock from 9/24/2025 to 12/24/2025 was primarily driven by a -7.2% change in the company's P/S Multiple.| 9242025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 25.88 | 23.50 | -9.21% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 38747.20 | 37648.10 | -2.84% |
| P/S Multiple | 0.04 | 0.03 | -7.22% |
| Shares Outstanding (Mil) | 56.00 | 55.60 | 0.71% |
| Cumulative Contribution | -9.21% |
Market Drivers
9/24/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| WKC | -9.2% | |
| Market (SPY) | 4.4% | 17.5% |
| Sector (XLE) | -1.8% | 28.7% |
Fundamental Drivers
The -12.6% change in WKC stock from 6/25/2025 to 12/24/2025 was primarily driven by a -7.5% change in the company's P/S Multiple.| 6252025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 26.88 | 23.50 | -12.56% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 40669.10 | 37648.10 | -7.43% |
| P/S Multiple | 0.04 | 0.03 | -7.54% |
| Shares Outstanding (Mil) | 56.80 | 55.60 | 2.11% |
| Cumulative Contribution | -12.60% |
Market Drivers
6/25/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| WKC | -12.6% | |
| Market (SPY) | 14.0% | 30.4% |
| Sector (XLE) | 5.9% | 37.6% |
Fundamental Drivers
The -11.2% change in WKC stock from 12/24/2024 to 12/24/2025 was primarily driven by a -15.2% change in the company's Total Revenues ($ Mil).| 12242024 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 26.46 | 23.50 | -11.19% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 44410.50 | 37648.10 | -15.23% |
| P/S Multiple | 0.04 | 0.03 | -0.94% |
| Shares Outstanding (Mil) | 58.80 | 55.60 | 5.44% |
| Cumulative Contribution | -11.45% |
Market Drivers
12/24/2024 to 12/24/2025| Return | Correlation | |
|---|---|---|
| WKC | -11.2% | |
| Market (SPY) | 15.8% | 48.7% |
| Sector (XLE) | 7.4% | 50.8% |
Fundamental Drivers
The -7.6% change in WKC stock from 12/25/2022 to 12/24/2025 was primarily driven by a -31.7% change in the company's Total Revenues ($ Mil).| 12252022 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 25.44 | 23.50 | -7.62% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 55108.20 | 37648.10 | -31.68% |
| P/S Multiple | 0.03 | 0.03 | 21.27% |
| Shares Outstanding (Mil) | 62.00 | 55.60 | 10.32% |
| Cumulative Contribution | -8.60% |
Market Drivers
12/25/2023 to 12/24/2025| Return | Correlation | |
|---|---|---|
| WKC | 7.0% | |
| Market (SPY) | 48.9% | 38.0% |
| Sector (XLE) | 10.5% | 41.6% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WKC Return | -27% | -14% | 5% | -15% | 24% | -13% | -39% |
| Peers Return | -27% | 39% | 54% | 15% | -8% | � | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| WKC Win Rate | 42% | 50% | 50% | 42% | 58% | 42% | |
| Peers Win Rate | 37% | 65% | 63% | 55% | 45% | 62% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| WKC Max Drawdown | -55% | -19% | -23% | -32% | -5% | -15% | |
| Peers Max Drawdown | -59% | -2% | -4% | -13% | -15% | -11% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: XOM, CVX, PSX, DINO, SUN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | WKC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -50.9% | -25.4% |
| % Gain to Breakeven | 103.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -56.0% | -33.9% |
| % Gain to Breakeven | 127.3% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -57.9% | -19.8% |
| % Gain to Breakeven | 137.8% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -67.6% | -56.8% |
| % Gain to Breakeven | 209.0% | 131.3% |
| Time to Breakeven | 337 days | 1,480 days |
Compare to DK, PSX, MPC, VLO, DINO
In The Past
World Kinect's stock fell -50.9% during the 2022 Inflation Shock from a high on 3/22/2021. A -50.9% loss requires a 103.8% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies to describe World Kinect (WKC):
- Like Sysco for global energy supply, managing and delivering essential fuel and energy solutions to airlines, shipping lines, and trucking fleets worldwide.
- Imagine Grainger for industrial fuel and energy solutions, distributing and managing fuel and related services for large commercial and industrial clients across various sectors.
AI Analysis | Feedback
World Kinect (WKC) provides a range of fuel, energy management, and payment services:
- Aviation Fuel Supply: Supplies jet fuel and related services to airlines, militaries, and business aviation clients globally.
- Land Fuel Distribution: Distributes gasoline, diesel, and lubricants to commercial, industrial, and government customers for ground transport and machinery.
- Marine Fuel Supply: Provides bunker fuels and lubricants to marine vessels in ports worldwide.
- Energy Management Solutions: Offers services like price risk management, carbon offsetting, and renewable energy options to optimize customer energy portfolios.
- Payment Programs: Develops and manages proprietary payment card and expense management solutions for fuel and related purchases across its segments.
AI Analysis | Feedback
World Kinect (WKC) primarily sells its products and services to other companies (B2B) across various industries globally.
Due to its highly diversified customer base, World Kinect does not disclose specific major customer companies by name. According to their annual reports (10-K filings), no single customer accounted for more than 10% of their consolidated revenues in recent years. Therefore, specific customer company names cannot be provided.
Instead, their customer base can be broadly categorized by the following types of businesses and organizations they serve within their three primary segments:
- Aviation Customers: This includes commercial airlines, cargo carriers, general aviation operators (private jets, charter services), and various government aviation entities.
- Marine Customers: This segment serves container ships, cruise lines, oil and gas tankers, dry bulk carriers, naval and other government vessels, and other ocean-going vessels.
- Land Customers: This broad category encompasses a diverse range of commercial, industrial, and government entities such as trucking companies, retail fueling stations, utilities, construction companies, airports (for ground support), railroads, and various public sector organizations (e.g., municipalities, school districts, federal agencies).
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Michael J. Kasbar, Chairman & Chief Executive Officer (transitioning to Executive Chairman January 1, 2026)
Michael J. Kasbar co-founded Trans-Tec Services, Inc., a global marine fuel services company, with Paul Stebbins in 1984. This company was later acquired by International Recovery Corporation in 1995, which subsequently became World Fuel Services (now World Kinect Corporation). He joined World Kinect Corporation in 1995 as Chief Executive Officer of World Fuel Services Americas, Inc., at the time the company's principal subsidiary engaged in the marine fuel services business. Mr. Kasbar served as President and Chief Operating Officer from 2002 to 2011, becoming Chief Executive Officer in 2012 and Chairman in 2014.
Ira M. Birns, President & Chief Financial Officer (transitioning to Chief Executive Officer January 1, 2026)
Ira M. Birns has been with World Kinect for more than a decade, having joined as Chief Financial Officer in April 2007. In April 2025, he was named President while continuing his CFO duties. Prior to joining World Kinect, Mr. Birns served as Vice President and Treasurer, and Vice President of Investor Relations at Arrow Electronics, Inc., a global provider of technology products, services, and solutions. He currently serves on the Board of Directors and chairs the Audit Committee for Stem, Inc. (NYSE: STEM), an AI-driven clean energy software and services company.
Jose-Miguel Tejada, Senior Vice President & Chief Accounting Officer (transitioning to Executive Vice President & Chief Financial Officer after Q3 2025 filing)
Jose-Miguel Tejada will be promoted to Executive Vice President and Chief Financial Officer immediately after the filing of the company's Q3 2025 quarterly report. Before his tenure at World Kinect, he served as the Head of Finance, Americas for Noble Group Limited. Mr. Tejada also held various Controller and financial planning and analysis roles at Constellation Energy, Inc.
John Rau, Chief Operating Officer (promoted to President effective January 1, 2026)
John Rau joined World Kinect Corporation in 2011 and was appointed Chief Operating Officer in April 2025. He previously served as Executive Vice President of Global Aviation, Land, and Marine at World Kinect. Prior to joining the company, Mr. Rau served as Managing Director at American Airlines.
Fernando Casadevall, Chief Human Resources Officer
Fernando Casadevall served as the Chief Human Resources Officer for Qatar Airways, an airline with operations in over 75 countries, before joining World Kinect Corporation. He was also the retail group HR director for Al-Futtaim, operating in more than 40 countries. Earlier in his career, he held various HR roles at Citibank, including regional HR head for Citigroup's consumer and alternative investment businesses across EMEA, and HR positions with investment banking firm Spear, Leeds & Kellogg, and Sony Entertainment.
AI Analysis | Feedback
The key risks to World Kinect's (WKC) business include the inherent credit risks associated with extending unsecured credit, the significant impact of volatility in energy and commodity prices, and the evolving landscape of regulatory and compliance obligations.
- Credit Risk from Unsecured Credit Extension: World Kinect extends substantial amounts of unsecured credit to its diverse customer base across the aviation, land, and marine transportation sectors. A significant risk to the business is the potential inability of these customers to collect accounts receivable, which could materially and adversely affect the company's financial condition, results of operations, and cash flows.
- Volatility of Energy and Commodity Prices: As a global energy management company, World Kinect's operations and profitability are highly susceptible to fluctuations in the market prices of energy and commodities. Price volatility can directly impact the company's ability to effectively purchase and sell fuel, with ongoing geopolitical instability and the global transition to renewable energy sources contributing to this market uncertainty.
- Regulatory and Compliance Risks: World Kinect operates under a complex and extensive framework of international, federal, state, and local regulations. This includes laws pertaining to environmental protection, occupational safety, international trade controls, anti-corruption, and anti-money laundering. Changes in these regulations, particularly those related to climate change and environmental, social, and governance (ESG) issues, or any instances of non-compliance, could lead to significant costs, liabilities, and penalties, thereby adversely affecting the business.
AI Analysis | Feedback
The clear emerging threat for World Kinect (WKC) is the accelerating global energy transition away from fossil fuels toward sustainable and renewable energy sources. WKC's core business relies heavily on the distribution of traditional fuels, including jet fuel for aviation, bunker fuel for marine shipping, and ground fuels. As industries and governments worldwide commit to aggressive decarbonization targets and invest in alternative energy solutions:
- Aviation is seeing increasing mandates and investments in Sustainable Aviation Fuels (SAF), with long-term prospects for electric and hydrogen-powered aircraft.
- The marine sector is actively exploring and adopting alternative fuels such as LNG, methanol, ammonia, and biofuels to meet international decarbonization goals.
- Ground transportation is undergoing rapid electrification, with passenger and commercial fleets transitioning away from internal combustion engines.
- The broader energy market is shifting from natural gas to renewable power generation and electrification for heating and industrial processes.
While World Kinect is proactively expanding its "Power and Renewables" and "Sustainability Solutions" segments, the disruptive pace and scale of this transition pose a significant threat to its traditional, high-volume fossil fuel distribution business. There is a risk that the decline in demand for conventional fuels could outpace the growth and profitability of WKC's newer, greener ventures, or that they may face intense competition in these emerging markets from specialized players or established renewable energy giants.
AI Analysis | Feedback
World Kinect (WKC) operates across three primary business segments: aviation, marine, and land, distributing fuel and related products and services. The company also provides energy management solutions.
Addressable Markets for World Kinect's Main Products and Services:
- Aviation Fuel and Related Services: The global aviation fuel market size is estimated at approximately USD 373.92 billion in 2025 and is projected to reach around USD 1,215.97 billion by 2034. Another estimate places the global market at USD 391.23 billion in 2023, expected to grow to USD 819.73 billion by 2032. The global sustainable aviation fuel (SAF) market was valued at USD 1.7 billion in 2024 and is estimated to grow to approximately USD 648.79 billion by 2034.
- Marine Fuel and Related Services: The global marine fuel market is projected to grow from approximately USD 140.619 billion in 2025 to USD 171.494 billion by 2030. The global bunker fuel market, which refers to marine fuel, was valued at USD 126.1 billion in 2024 and is projected to reach USD 192.2 billion by 2034. Additionally, the global sustainable marine fuels market was estimated at USD 13.22 billion in 2024 and is predicted to increase to approximately USD 648.79 billion by 2034.
- Land Fuel and Related Services (including Ground Transportation Fuel, Heating Oil, Propane, Natural Gas, Lubricants, Biofuels, Renewable Diesel): The global land-based fuel transportation market, which encompasses many of these products, is projected to grow from USD 2,498.6 billion in 2024 to USD 3,000 billion by 2035. The ground transportation fuel market is estimated to reach US$856.733 billion in 2025, growing to US$1,049.064 billion by 2030. The global transportation fuel market was valued at USD 828.90 billion in 2023 and is expected to reach USD 1,103.20 billion by 2033. The diesel fuel market specifically was valued at USD 246.27 billion in 2023 and is poised to grow to USD 342.9 billion by 2032.
- Energy Management Solutions: The global energy management systems market was valued at approximately USD 51.11 billion in 2024 and is projected to grow to USD 178.78 billion by 2034. Other estimates suggest the market size was USD 60.5 billion in 2024, expected to reach USD 154.5 billion by 2033, or USD 35.90 billion in 2024, projected to grow to USD 112.32 billion by 2032.
AI Analysis | Feedback
World Kinect (NYSE: WKC) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives aimed at expanding its high-performing segments, entering new markets, and optimizing its business portfolio.
Here are 3 expected drivers of future revenue growth:
- Strategic Acquisitions and Organic Growth in the Aviation Segment: World Kinect anticipates increased revenue from its Aviation sector, which has demonstrated strong performance, particularly in Europe and through government sales. A key driver is the recent acquisition of Universal Weather and Aviation's Trip Support Services (TSS) business, which is expected to significantly bolster the aviation segment by expanding service offerings and creating new opportunities for broader solutions to drive future growth. This acquisition is projected to be accretive to adjusted earnings per share in its first year.
- Expansion into Renewable Energy and Sustainability Solutions: The company is strategically pivoting towards clean energy and Environmental, Social, and Governance (ESG) initiatives. This includes offering AI-driven renewable energy solutions, natural gas distribution, and carbon-reduction programs for transportation clients. This expansion into sustainability solutions is poised to capitalize on the growing global demand for environmentally friendly energy options, thereby opening new revenue streams and enhancing brand reputation.
- Focus on Higher-Value, Recurring Revenue Business Lines through Portfolio Reshaping: World Kinect is actively streamlining its business portfolio by exiting non-performing or lower-margin operations, such as certain UK land operations and North American land business activities. This deliberate strategy aims to concentrate resources on segments that deliver higher-value, recurring revenue and better economic returns, which is expected to improve the quality and stability of the company's future revenue streams and enhance financial predictability.
AI Analysis | Feedback
Share Repurchases
- In 2023, World Kinect repurchased approximately 2.2 million shares of common stock for about $50.0 million, utilizing proceeds from the issuance of Convertible Notes.
- In the second quarter of 2025, the company repurchased $35 million of common stock, contributing to approximately $45 million in share repurchases during the first half of 2025.
- The Board approved an additional stock repurchase program in September 2024, authorizing $200.0 million in common stock repurchases. This is in addition to a $200.0 million authorization from March 2020.
Outbound Investments
- In November 2025, World Kinect completed the acquisition of the Trip Support Services (TSS) division of Universal Weather and Aviation, which will expand its aviation offerings to include international trip-planning, logistics, and supply-chain capabilities. The transaction involved $160 million in cash at closing and an additional $60 million payable over four years.
- In 2022, World Kinect (then World Fuel Services) acquired Flyers Energy, LLC, which contributed to an 85% increase in land segment revenue for that year.
Capital Expenditures
- Capital expenditures were $17.5 million for the first quarter of 2024 and $18.8 million for the first quarter of 2023.
- The company's cash is primarily utilized to fund working capital for operations, strategic acquisitions, and other investments.
- A primary focus of capital allocation includes supporting the energy transition by expanding sustainability offerings, such as renewable fuel products, carbon management, and renewable energy solutions.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to WKC. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 12.0% | 12.0% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.6% | 6.6% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.7% | 5.7% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 28.4% | 28.4% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.5% | -4.5% | -7.1% |
Research & Analysis
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Peer Comparisons for World Kinect
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 119.22 |
| Mkt Cap | 30.3 |
| Rev LTM | 84,801 |
| Op Inc LTM | 1,352 |
| FCF LTM | 1,014 |
| FCF 3Y Avg | 2,760 |
| CFO LTM | 2,288 |
| CFO 3Y Avg | 3,968 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -7.4% |
| Rev Chg 3Y Avg | -6.4% |
| Rev Chg Q | -2.2% |
| QoQ Delta Rev Chg LTM | -0.6% |
| Op Mgn LTM | 3.6% |
| Op Mgn 3Y Avg | 3.9% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 4.3% |
| CFO/Rev 3Y Avg | 5.1% |
| FCF/Rev LTM | 2.1% |
| FCF/Rev 3Y Avg | 3.7% |
Price Behavior
| Market Price | $23.50 | |
| Market Cap ($ Bil) | 1.3 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -21.3% | |
| 50 Days | 200 Days | |
| DMA Price | $24.40 | $25.82 |
| DMA Trend | down | down |
| Distance from DMA | -3.7% | -9.0% |
| 3M | 1YR | |
| Volatility | 24.3% | 28.6% |
| Downside Capture | 45.82 | 80.63 |
| Upside Capture | -8.72 | 57.04 |
| Correlation (SPY) | 17.2% | 48.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.09 | 0.38 | 0.30 | 0.78 | 0.72 | 0.82 |
| Up Beta | 1.48 | 1.45 | 1.59 | 1.51 | 0.65 | 0.69 |
| Down Beta | -0.45 | 0.22 | 0.27 | 0.84 | 0.88 | 0.78 |
| Up Capture | -100% | -27% | -37% | 16% | 40% | 54% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 7 | 16 | 25 | 57 | 116 | 369 |
| Down Capture | 37% | 52% | 30% | 89% | 88% | 101% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 13 | 25 | 37 | 66 | 129 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of WKC With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| WKC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -11.1% | 10.0% | 19.2% | 71.9% | 8.9% | 6.0% | -10.4% |
| Annualized Volatility | 28.5% | 24.4% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | -0.42 | 0.34 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 50.4% | 48.3% | 0.4% | 27.0% | 44.0% | 21.9% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of WKC With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| WKC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -3.5% | 21.8% | 14.9% | 18.7% | 11.7% | 4.8% | 32.6% |
| Annualized Volatility | 37.0% | 26.7% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | -0.00 | 0.75 | 0.70 | 0.97 | 0.51 | 0.17 | 0.59 |
| Correlation With Other Assets | 55.9% | 37.9% | 10.8% | 32.3% | 31.8% | 15.8% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of WKC With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| WKC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -3.5% | 8.0% | 14.7% | 14.9% | 6.9% | 5.2% | 69.2% |
| Annualized Volatility | 42.7% | 29.8% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.07 | 0.32 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 59.2% | 45.6% | 2.0% | 32.8% | 38.6% | 10.3% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/23/2025 | 3.5% | 0.5% | -7.0% |
| 7/31/2025 | -7.4% | -7.7% | -1.7% |
| 2/20/2025 | 11.3% | 8.0% | 1.6% |
| 10/24/2024 | -15.8% | -16.6% | -8.4% |
| 7/25/2024 | -0.4% | 2.3% | 5.3% |
| 2/22/2024 | 8.9% | 2.1% | 9.8% |
| 10/26/2023 | -8.2% | 1.7% | 5.8% |
| 7/27/2023 | -1.6% | -4.6% | -5.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 9 | 9 |
| # Negative | 11 | 9 | 9 |
| Median Positive | 8.4% | 4.2% | 5.8% |
| Median Negative | -7.4% | -5.5% | -7.0% |
| Max Positive | 19.1% | 17.1% | 46.3% |
| Max Negative | -15.8% | -16.6% | -23.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10242025 | 10-Q 9/30/2025 |
| 6302025 | 8012025 | 10-Q 6/30/2025 |
| 3312025 | 4252025 | 10-Q 3/31/2025 |
| 12312024 | 2252025 | 10-K 12/31/2024 |
| 9302024 | 10252024 | 10-Q 9/30/2024 |
| 6302024 | 7262024 | 10-Q 6/30/2024 |
| 3312024 | 4262024 | 10-Q 3/31/2024 |
| 12312023 | 2232024 | 10-K 12/31/2023 |
| 9302023 | 10272023 | 10-Q 9/30/2023 |
| 6302023 | 7282023 | 10-Q 6/30/2023 |
| 3312023 | 4282023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 10282022 | 10-Q 9/30/2022 |
| 6302022 | 7292022 | 10-Q 6/30/2022 |
| 3312022 | 4292022 | 10-Q 3/31/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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