WKC (WKC) financial statements
WKC reported revenue of $36.9B in fiscal 2025, up 3.5% a year over 9 years.
Net income was -$614M and the operating margin -1.5%, against 0.7% in 2016.
Free cash flow was $227M, and the company returned $41M in dividends and $85M in net buybacks.
The diluted share count fell 20% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from WKC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.0B | $33.7B | $39.8B | $36.8B | $20.4B | $31.3B | $59.0B | $47.7B | $42.2B | $36.9B |
| Cost of revenue | $26.1B | $32.8B | $38.7B | $35.7B | $19.5B | $30.5B | $58.0B | $46.7B | $41.1B | $36.0B |
| Gross profit | $899M | $932M | $1.0B | $1.1B | $852M | $788M | $1.1B | $1.1B | $1.0B | $948M |
| Selling, general and admin | $297M | $307M | $300M | $322M | $311M | $248M | $309M | $308M | $297M | $282M |
| Operating income | $189M | $46M | $260M | $300M | $138M | $143M | $273M | $198M | $211M | -$565M |
| Interest expense | $44M | $66M | $75M | $80M | $49M | $47M | $117M | $136M | $116M | $112M |
| Pre-tax income | $142M | -$21M | $185M | $237M | $162M | $100M | $145M | $67M | $96M | -$740M |
| Income tax | $16M | $149M | $56M | $56M | $52M | $26M | $29M | $13M | $28M | -$128M |
| Net income | $126M | -$170M | $128M | $179M | $110M | $74M | $114M | $53M | $67M | -$614M |
| EPS (diluted) | $1.81 | -$2.50 | $1.89 | $2.69 | $1.71 | $1.16 | $1.82 | $0.86 | $1.13 | -$10.99 |
| Diluted shares | 70M | 68M | 68M | 66M | 64M | 63M | 63M | 62M | 60M | 56M |
| Gross margin | 3.3% | 2.8% | 2.6% | 3.0% | 4.2% | 2.5% | 1.8% | 2.2% | 2.4% | 2.6% |
| Operating margin | 0.7% | 0.1% | 0.7% | 0.8% | 0.7% | 0.5% | 0.5% | 0.4% | 0.5% | -1.5% |
| Net margin | 0.5% | -0.5% | 0.3% | 0.5% | 0.5% | 0.2% | 0.2% | 0.1% | 0.2% | -1.7% |
Balance sheet
Fiscal years, from WKC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $699M | $372M | $212M | $186M | $659M | $652M | $298M | $304M | $383M | $194M |
| Receivables | $2.3B | $2.7B | $2.7B | $2.9B | $1.2B | $2.4B | $3.3B | $2.7B | $2.4B | $2.2B |
| Inventory | $458M | $505M | $523M | $593M | $344M | $478M | $780M | $665M | $514M | $454M |
| Total current assets | $3.8B | $3.9B | $4.0B | $4.2B | $2.6B | $4.0B | $5.2B | $4.5B | $4.0B | $3.5B |
| Property, plant and equipment | $311M | $330M | $350M | $361M | $343M | $349M | $484M | $515M | $513M | $348M |
| Goodwill | $836M | $846M | $853M | $844M | $859M | $862M | $1.2B | $1.2B | $1.2B | $738M |
| Total assets | $5.4B | $5.6B | $5.7B | $6.0B | $4.5B | $5.9B | $8.2B | $7.4B | $6.7B | $5.9B |
| Total current liabilities | $2.2B | $2.7B | $2.9B | $3.2B | $1.7B | $3.1B | $4.6B | $4.0B | $3.4B | $3.3B |
| Long-term debt | $1.2B | $885M | $660M | $575M | $502M | $478M | $830M | $809M | $797M | $685M |
| Total liabilities | $3.5B | $3.8B | $3.8B | $4.1B | $2.6B | $4.0B | $6.2B | $5.4B | $4.8B | $4.6B |
| Shareholders' equity | $1.9B | $1.7B | $1.8B | $1.9B | $1.9B | $1.9B | $2.0B | $1.9B | $1.9B | $1.3B |
| Net debt | $488M | $538M | $489M | $389M | -$157M | -$174M | $532M | $505M | $414M | $492M |
Cash flow
Fiscal years, from WKC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $51M | -$134M | -$182M | $229M | $604M | $173M | $138M | $271M | $260M | $293M |
| Capital spending | $36M | $54M | $72M | $81M | $51M | $39M | $79M | $88M | $68M | $66M |
| Free cash flow | $15M | -$188M | -$255M | $148M | $553M | $134M | $60M | $184M | $192M | $227M |
| Stock-based compensation | $19M | $21M | $8M | $24M | -$900,000 | $20M | $18M | $24M | $28M | $26M |
| Dividends paid | $17M | $16M | $16M | $21M | $26M | $29M | $31M | $34M | $38M | $41M |
| Share buybacks (net) | -$41M | -$62M | -$20M | -$65M | -$68M | -$50M | -$49M | -$60M | -$100M | -$85M |
| Net borrowing | $408M | -$277M | -$219M | -$78M | -$112M | -$24M | $334M | -$303M | -$32M | -$172M |
| Free cash flow margin | 0.1% | -0.6% | -0.6% | 0.4% | 2.7% | 0.4% | 0.1% | 0.4% | 0.5% | 0.6% |
| Dividends per share | $0.24 | $0.24 | $0.24 | $0.32 | $0.40 | $0.45 | $0.49 | $0.55 | $0.65 | $0.74 |
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Open WKC in InvestinglyQuestions
What was WKC's revenue in 2025?
$36.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does WKC generate?
$227M in fiscal 2025 (operating cash flow minus capital spending).
From WKC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.