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World Kinect WKC Land — Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)

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Other financials

Income statement

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Revenue$13.6B+50.3%
Gross profit$365.2M+57.1%
Operating income$96.1M+128%
Net income$48.4M+114%
EPS (diluted)$0.94+116%

Balance sheet

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Cash & equivalents$135.3M-66.4%
Total debt$754.1M-12.5%
Total equity$1.3B-21.3%
Total assets$6.6B+9.0%

Cash flow

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Operating cash flow-$21.3M-176%
CapEx$13.8M-8.0%
Free cash flow-$35.1M-364%

Valuation

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Market cap$1.9B+36.3%
Enterprise value$2.52B+36.0%
P/S0.1×0.0×

Profitability

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Gross margin2.7%+0.1pp
Operating margin-0.1%-0.1pp
Net margin-0.4%
FCF margin0%

Returns & leverage

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Return on equity-12.6%
Debt / equity0.6×+0.1×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by World Kinect in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill.

The source filing: World Kinect’s 10-K, filed February 24, 2026.

Filed
Feb 23, 2026, 9:33 PM EST
Fiscal year
FY2025
Accession
0000789460-26-000015
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Land Fuel Transportation and Lubricants disposal group impairment (2)49.7
Watson Fuels asset group impairment (3)44.5
Falmouth disposal group impairment (4)35.0
Intangible asset impairments (5)21.0
Asset impairments associated with exit activities (6)5.83.111.2
Cost method investment impairments (7)(8)5.45.0
Equity method investment impairments (9)18.214.1
Other7.72.5

Item 15. and Financial Statement Schedules

FAQ

What is World Kinect's land — impairment of intangible assets, indefinite-lived (excluding goodwill)?
World Kinect (WKC) reported land — impairment of intangible assets, indefinite-lived (excluding goodwill) of $5.25M in Q4 2025.
What does land — impairment of intangible assets, indefinite-lived (excluding goodwill) mean?
This metric represents the non-cash charge recognized when the carrying value of an indefinite-lived intangible asset, such as a brand or license, exceeds its fair value within the Land segment. It indicates a decline in the long-term strategic value or market competitiveness of specific non-physical assets. Frequent impairments may suggest overly optimistic initial valuations or adverse changes in the business environment.

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