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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $11.17B | $12.14B | $12.55B | $15.79B | $11.78B | $7.50B |
| Cost of Revenue | $10.36B | $10.19B | $10.33B | $11.72B | $8.28B | $6.48B |
| Gross Profit | $813.00M | $1.96B | $2.22B | $4.07B | $3.50B | $1.02B |
| R&D | - | - | - | - | - | - |
| SG&A | $900.00M | $874.00M | $865.00M | $835.00M | $551.00M | $449.00M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $1.18B | $1.11B | $1.10B | $1.06B | $840.00M | $773.00M |
| Operating Income | ($1.58B) | $875.00M | $729.00M | $3.05B | $2.80B | $429.00M |
| Interest Expense | $171.00M | $159.00M | $165.00M | $177.00M | $176.00M | $142.00M |
| Income Tax | ($126.00M) | $291.00M | $178.00M | $649.00M | $607.00M | ($42.00M) |
| Net Income | ($1.51B) | $602.00M | $479.00M | $2.25B | $2.02B | $330.00M |
| EPS - Basic | ($11.70) | $4.66 | $3.73 | $17.46 | $15.66 | $2.57 |
| EPS - Diluted | ($11.70) | $4.64 | $3.70 | $17.34 | $15.58 | $2.56 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.72B | $2.92B | $3.30B | $2.23B | $1.91B | $1.31B |
| Accounts Receivable | $1.23B | $1.31B | $1.39B | $1.65B | $1.74B | $1.08B |
| Inventory | $1.65B | $1.70B | $1.62B | $1.87B | $1.41B | $918.00M |
| Accounts Payable | $783.00M | $851.00M | $877.00M | $889.00M | $879.00M | $536.00M |
| Current Assets | $6.22B | $6.21B | $6.61B | $5.97B | $5.26B | $3.48B |
| Total Assets | $19.96B | $20.75B | $21.04B | $20.55B | $18.46B | $13.84B |
| Current Liabilities | $2.77B | $2.22B | $2.79B | $2.30B | $2.34B | $1.36B |
| Long-term Debt | $5.09B | $4.56B | $4.61B | $4.88B | $4.91B | $3.57B |
| Total Liabilities | $10.67B | $9.71B | $10.27B | $10.09B | $9.93B | $7.26B |
| Stockholders' Equity | $8.79B | $10.53B | $10.24B | $9.93B | $7.96B | $6.04B |
| Retained Earnings | $8.70B | $10.48B | $10.14B | $9.88B | $7.81B | $5.94B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $465.00M | $1.31B | $2.34B | $3.40B | $2.39B | $1.30B |
| Investing Cash Flow | ($1.22B) | ($1.00B) | ($1.04B) | ($2.48B) | ($3.21B) | ($509.00M) |
| Financing Cash Flow | $530.00M | ($650.00M) | ($245.00M) | ($587.00M) | $1.44B | ($216.00M) |
| CapEx | $995.00M | $1.01B | $1.03B | $1.11B | $658.00M | $525.00M |
| Free Cash Flow | ($530.00M) | $306.00M | $1.30B | $2.29B | $1.74B | $772.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 7.3% | 16.1% | 17.7% | 25.8% | 29.7% | 13.6% |
| Operating margin | -14.1% | 7.2% | 5.8% | 19.3% | 23.8% | 5.7% |
| EBITDA margin | -3.6% | 16.4% | 14.6% | 26.0% | 30.9% | 16.0% |
| Net margin | -13.5% | 5.0% | 3.8% | 14.2% | 17.1% | 4.4% |
| Free cash flow margin | -4.7% | 2.5% | 10.4% | 14.5% | 14.7% | 10.3% |
| FCF / Net income | 0.35 | 0.51 | 2.72 | 1.02 | 0.86 | 2.34 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 8.1% | 7.2% | 6.9% | 5.3% | 4.7% | 6.0% |
| Effective tax rate | - | 32.6% | 27.1% | 22.4% | 23.2% | -14.6% |
| Return on assets | -7.6% | 2.9% | 2.3% | 10.9% | 10.9% | 2.4% |
| Return on equity | -17.2% | 5.7% | 4.7% | 22.6% | 25.3% | 5.5% |
| Return on invested capital | -9.0% | 3.9% | 3.6% | 16.0% | 16.7% | 4.5% |
| Liquidity | ||||||
| Current ratio | 2.24 | 2.80 | 2.37 | 2.60 | 2.25 | 2.56 |
| Quick ratio | 1.65 | 2.04 | 1.79 | 1.79 | 1.65 | 1.89 |
| Cash ratio | 0.98 | 1.32 | 1.18 | 0.97 | 0.81 | 0.97 |
| Leverage | ||||||
| Debt / Equity | 0.58 | 0.43 | 0.45 | 0.49 | 0.62 | 0.59 |
| Debt / Assets | 0.25 | 0.22 | 0.22 | 0.24 | 0.27 | 0.26 |
| Debt / EBITDA | - | 2.29 | 2.52 | 1.19 | 1.35 | 2.97 |
| Interest coverage | -9.2x | 5.5x | 4.4x | 17.2x | 15.9x | 3.0x |
| Equity multiplier | 2.27 | 1.97 | 2.05 | 2.07 | 2.32 | 2.29 |
| Liabilities / Assets | 0.53 | 0.47 | 0.49 | 0.49 | 0.54 | 0.52 |
| Efficiency | ||||||
| Asset turnover | 0.56 | 0.59 | 0.60 | 0.77 | 0.64 | 0.54 |
| Inventory turnover | 6.27 | 6.00 | 6.37 | 6.28 | 5.89 | 7.06 |
| Days sales outstanding | 40d | 40d | 41d | 38d | 54d | 52d |
| Days inventory outstanding | 58d | 61d | 57d | 58d | 62d | 52d |
| Days payable outstanding | 28d | 30d | 31d | 28d | 39d | 30d |
| Cash conversion cycle | 71d | 70d | 67d | 69d | 77d | 74d |
| Valuation | ||||||
| P / E | - | 24.7x | 37.8x | 5.9x | 6.2x | 31.9x |
| P / B | 1.1x | 1.4x | 1.8x | 1.3x | 1.6x | 1.7x |
| P / S | 0.8x | 1.2x | 1.4x | 0.8x | 1.1x | 1.4x |
| EV / EBITDA | - | 8.3x | 10.6x | 3.9x | 4.3x | 10.6x |
| Growth | ||||||
| Revenue growth (YoY) | -8.0% | -3.2% | -20.6% | 34.1% | 57.0% | -7.6% |
| Revenue CAGR (3y) | -10.9% | 1.0% | 18.7% | 24.8% | 10.9% | -2.3% |
| Revenue CAGR (5y) | 8.3% | 8.4% | 7.8% | 14.5% | 18.3% | 10.9% |
| Gross profit growth (YoY) | -58.5% | -11.8% | -45.5% | 16.5% | 241.6% | -18.8% |
| Operating income growth (YoY) | - | 20.0% | -76.1% | 8.9% | 552.7% | -34.6% |
| Net income growth (YoY) | - | 25.7% | -78.7% | 11.5% | 510.6% | -21.6% |
| EPS growth (YoY) | - | 25.4% | -78.7% | 11.3% | 508.6% | -21.2% |
| EPS CAGR (3y) | - | -33.2% | 13.1% | 74.7% | 26.9% | -36.5% |
| EPS CAGR (5y) | - | 7.4% | -13.5% | 11.6% | 38.5% | -12.0% |
| FCF growth (YoY) | - | -76.5% | -43.1% | 31.7% | 124.9% | 50.2% |
| FCF CAGR (5y) | - | -9.9% | 13.0% | 18.9% | 53.3% | 5.6% |
| Book value growth (YoY) | -16.5% | 2.8% | 3.1% | 24.8% | 31.6% | 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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.15
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
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 |