WLK · Westlake Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.65B | - | $2.84B | $2.95B | $2.85B | - | $3.12B | $3.21B | $2.98B | - |
| Cost of Revenue | $2.54B | - | $2.60B | $2.69B | $2.61B | - | $2.62B | $2.54B | $2.51B | - |
| Gross Profit | $112.00M | - | $236.00M | $258.00M | $232.00M | - | $499.00M | $664.00M | $466.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $236.00M | - | $228.00M | $221.00M | $227.00M | - | $215.00M | $224.00M | $209.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $284.00M | - | $303.00M | $295.00M | $283.00M | - | $281.00M | $279.00M | $273.00M | - |
| Operating Income | ($172.00M) | - | ($766.00M) | ($109.00M) | ($32.00M) | - | $180.00M | $406.00M | $223.00M | - |
| Interest Expense | $56.00M | - | $41.00M | $41.00M | $40.00M | - | $40.00M | $41.00M | $40.00M | - |
| Income Tax | ($33.00M) | - | ($3.00M) | $6.00M | $1.00M | - | $65.00M | $101.00M | $48.00M | - |
| Net Income | ($169.00M) | - | ($782.00M) | ($142.00M) | ($40.00M) | - | $108.00M | $313.00M | $174.00M | - |
| EPS - Basic | ($1.31) | - | ($6.06) | ($1.11) | ($0.31) | - | $0.84 | $2.42 | $1.35 | - |
| EPS - Diluted | ($1.31) | - | ($6.06) | ($1.11) | ($0.31) | - | $0.83 | $2.40 | $1.34 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.27B | $2.72B | $1.93B | $2.08B | $2.30B | $2.92B | $2.92B | $3.04B | $3.11B | $3.30B |
| Accounts Receivable | $1.36B | $1.23B | $1.43B | $1.59B | $1.46B | $1.31B | $1.56B | $1.67B | $1.52B | $1.39B |
| Inventory | $1.68B | $1.65B | $1.73B | $1.73B | $1.78B | $1.70B | $1.75B | $1.68B | $1.66B | $1.62B |
| Accounts Payable | $811.00M | $783.00M | $799.00M | $926.00M | $955.00M | $851.00M | $898.00M | $885.00M | $891.00M | $877.00M |
| Current Assets | $5.95B | $6.22B | $5.75B | $5.95B | $6.02B | $6.21B | $6.55B | $6.61B | $6.53B | $6.61B |
| Total Assets | $19.71B | $19.96B | $19.81B | $20.81B | $20.71B | $20.75B | $21.11B | $21.08B | $20.96B | $21.04B |
| Current Liabilities | $2.74B | $2.77B | $2.90B | $2.40B | $2.29B | $2.22B | $2.35B | $2.54B | $2.65B | $2.79B |
| Long-term Debt | $5.07B | $5.09B | $3.91B | $4.65B | $4.59B | $4.56B | $4.62B | $4.58B | $4.59B | $4.61B |
| Total Liabilities | $10.66B | $10.67B | $9.88B | $10.02B | $9.79B | $9.71B | $9.92B | $9.99B | $10.11B | $10.27B |
| Stockholders' Equity | $8.55B | $8.79B | $9.43B | $10.28B | $10.41B | $10.53B | $10.66B | $10.57B | $10.33B | $10.24B |
| Retained Earnings | $8.46B | $8.70B | $9.31B | $10.16B | $10.37B | $10.48B | $10.54B | $10.50B | $10.25B | $10.14B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($94.00M) | - | - | - | ($77.00M) | - | - | - | $169.00M | - |
| Investing Cash Flow | ($271.00M) | - | - | - | ($434.00M) | - | - | - | ($272.00M) | - |
| Financing Cash Flow | ($82.00M) | - | - | - | ($115.00M) | - | - | - | ($74.00M) | - |
| CapEx | $209.00M | - | - | - | $248.00M | - | - | - | $272.00M | - |
| Free Cash Flow | ($303.00M) | - | - | - | ($325.00M) | - | - | - | ($103.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 4.2% | - | 8.3% | 8.7% | 8.2% | - | 16.0% | 20.7% | 15.7% | - |
| Operating margin | -6.5% | - | -27.0% | -3.7% | -1.1% | - | 5.8% | 12.7% | 7.5% | - |
| EBITDA margin | 4.2% | - | -16.3% | 6.3% | 8.8% | - | 14.8% | 21.4% | 16.7% | - |
| Net margin | -6.4% | - | -27.6% | -4.8% | -1.4% | - | 3.5% | 9.8% | 5.8% | - |
| Free cash flow margin | -11.4% | - | - | - | -11.4% | - | - | - | -3.5% | - |
| FCF / Net income | 1.79 | - | - | - | 8.13 | - | - | - | -0.59 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.9% | - | 8.0% | 7.5% | 8.0% | - | 6.9% | 7.0% | 7.0% | - |
| Effective tax rate | - | - | - | - | - | - | 37.6% | 24.4% | 21.6% | - |
| Return on assets | -0.9% | - | -3.9% | -0.7% | -0.2% | - | 0.5% | 1.5% | 0.8% | - |
| Return on equity | -2.0% | - | -8.3% | -1.4% | -0.4% | - | 1.0% | 3.0% | 1.7% | - |
| Return on invested capital | -1.0% | - | -4.5% | -0.6% | -0.2% | - | 0.7% | 2.0% | 1.2% | - |
| Liquidity | ||||||||||
| Current ratio | 2.17 | 2.24 | 1.99 | 2.47 | 2.64 | 2.80 | 2.79 | 2.61 | 2.46 | 2.37 |
| Quick ratio | 1.56 | 1.65 | 1.39 | 1.75 | 1.86 | 2.04 | 2.04 | 1.94 | 1.83 | 1.79 |
| Cash ratio | 0.83 | 0.98 | 0.67 | 0.87 | 1.01 | 1.32 | 1.24 | 1.20 | 1.17 | 1.18 |
| Leverage | ||||||||||
| Debt / Equity | 0.59 | 0.58 | 0.41 | 0.45 | 0.44 | 0.43 | 0.43 | 0.43 | 0.44 | 0.45 |
| Debt / Assets | 0.26 | 0.25 | 0.20 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| Debt / EBITDA | 45.30 | - | - | 25.02 | 18.28 | - | 10.01 | 6.69 | 9.25 | - |
| Interest coverage | -3.1x | - | -18.7x | -2.7x | -0.8x | - | 4.5x | 9.9x | 5.6x | - |
| Equity multiplier | 2.31 | 2.27 | 2.10 | 2.02 | 1.99 | 1.97 | 1.98 | 1.99 | 2.03 | 2.05 |
| Liabilities / Assets | 0.54 | 0.53 | 0.50 | 0.48 | 0.47 | 0.47 | 0.47 | 0.47 | 0.48 | 0.49 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.14 | 0.14 | 0.14 | - | 0.15 | 0.15 | 0.14 | - |
| Inventory turnover | 1.51 | - | 1.51 | 1.56 | 1.47 | - | 1.50 | 1.51 | 1.51 | - |
| Days sales outstanding | 187d | - | 184d | 196d | 187d | - | 183d | 189d | 186d | - |
| Days inventory outstanding | 241d | - | 242d | 234d | 249d | - | 244d | 242d | 242d | - |
| Days payable outstanding | 117d | - | 112d | 125d | 133d | - | 125d | 127d | 130d | - |
| Cash conversion cycle | 311d | - | 314d | 305d | 303d | - | 302d | 304d | 298d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 181.1x | 60.3x | 114.0x | - |
| P / B | 1.7x | - | 1.0x | 0.9x | 1.2x | - | 1.8x | 1.8x | 1.9x | - |
| P / S | 5.6x | - | 3.5x | 3.3x | 4.5x | - | 6.2x | 5.8x | 6.6x | - |
| EV / EBITDA | 158.5x | - | - | 66.2x | 60.3x | - | 45.9x | 29.6x | 42.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -6.8% | - | -9.0% | -7.9% | -4.3% | - | 0.1% | -1.4% | -11.4% | - |
| Revenue CAGR (3y) | -7.5% | - | -10.5% | -13.0% | -11.1% | - | 0.7% | 3.9% | 8.1% | - |
| Revenue CAGR (5y) | 2.4% | - | 8.4% | 11.6% | 8.1% | - | 8.6% | 8.4% | 8.0% | - |
| Gross profit growth (YoY) | -51.7% | - | -52.7% | -61.1% | -50.2% | - | -14.8% | 3.4% | -41.2% | - |
| Operating income growth (YoY) | -437.5% | - | - | - | - | - | -48.4% | 2.5% | -58.4% | - |
| Net income growth (YoY) | -322.5% | - | - | - | - | - | -62.1% | 5.4% | -55.8% | - |
| EPS growth (YoY) | -322.6% | - | - | - | - | - | -62.3% | 3.9% | -56.1% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | -43.9% | -15.9% | -10.5% | - |
| EPS CAGR (5y) | - | - | - | - | - | - | -7.4% | 21.1% | 19.5% | - |
| FCF growth (YoY) | 6.8% | - | - | - | -215.5% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -17.9% | -16.5% | -11.6% | -2.8% | 0.8% | 2.8% | -0.9% | 0.3% | 0.4% | 3.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$11.17B totalPerformance And Essential Materials$7.02B · 62.9%
Housing And Infrastructure Products$4.15B · 37.1%
Product / service
$11.17B totalPerformance Materials$4.02B · 36.0%
Housing Products$3.51B · 31.5%
Essential Materials$3.00B · 26.9%
Infrastructure Products$635.00M · 5.7%
Geographic
$11.17B totalUS$7.95B · 71.2%
Other Foreign Countries$1.08B · 9.7%
CA$777.00M · 7.0%
DE$583.00M · 5.2%
MX$194.00M · 1.7%
CN$162.00M · 1.5%
BR$153.00M · 1.4%
IT$144.00M · 1.3%
FR$125.00M · 1.1%
Peer comparison
Same SIC group: Industrial Organic Chemicals
Comparing WESTLAKE CORP against the 5 most active filers in the same SIC group.
Dividends
$2.12/share trailing 12 months · +1.0% YoY
| Ex-date | Per share |
|---|---|
| May 27, 2026 | $0.5300 |
| Mar 3, 2026 | $0.5300 |
| Nov 25, 2025 | $0.5300 |
| Aug 19, 2025 | $0.5300 |
| May 20, 2025 | $0.5250 |
| Mar 4, 2025 | $0.5250 |
| Nov 26, 2024 | $0.5250 |
| Aug 20, 2024 | $0.5250 |
| May 20, 2024 | $0.5000 |
| Feb 27, 2024 | $0.5000 |
| Nov 20, 2023 | $0.5000 |
| Aug 24, 2023 | $0.5000 |
| May 22, 2023 | $0.3570 |
| Feb 28, 2023 | $0.3570 |
| Nov 23, 2022 | $0.3570 |
| Aug 19, 2022 | $0.3570 |
| May 20, 2022 | $0.2980 |
| Feb 28, 2022 | $0.2980 |
| Nov 22, 2021 | $0.2980 |
| Aug 23, 2021 | $0.2980 |
| May 24, 2021 | $0.2700 |
| Mar 1, 2021 | $0.2700 |
| Nov 23, 2020 | $0.2700 |
| Aug 24, 2020 | $0.2700 |