Saturday 17 October 2026 Export WLK’s income statement to Excel — free account

Westlake Corporation

Westlake Corporation’s revenue for fiscal 2025 (year ended December 2025) was $11.2 billion, down 8.01% from fiscal 2024. In the quarter to June 2026, revenue grew 10.8%, EPS grew 282.0%, free cash flow grew 184.1% and total debt rose 8.87%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

63.33 0.28 −0.44%

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Market cap: $8.1B
P/E: 0.0×
Fwd P/E: 24.8×
Dividend yield: 3.37%
F-score: 3/9
Altman Z: 1.65
Beneish M: −2.44
Dividend safety: 8/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 10.19

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	1	2	—	—	—	—	1	—	—

Insider Ownership 74.16%

Capital & Financial Ratios $m

Market Cap 8,130.00

Revenue 11,294.00

Net Income (1,191.00)

Free Cash Flow (265.00)

Net Debt 3,215.00

Current Ratio 2.45

Debt/Equity 0.55

P/E ratio 0.00

Fwd P/E 24.80

P/S ratio 0.71

P/B ratio 0.88

Past 5Y EPS Growth —

This Y EPS Growth 335.60%

Next Y EPS Growth 17.95%

Next Y revenue growth 4.25%

Next 5Y EPS Growth (24.06%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 2.91%

10-year low 10-year high

P/B against its own 10 years 3.58%

10-year low 10-year high

EV/Sales against its own 10 years 7.78%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 2.12

Annual Dividend Yield 3.37%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.17	0.53 0.53 0.53
2025	2.11	0.53 0.53 0.53 0.53
2024	2.05	0.50 0.50 0.53 0.53
2023	1.71	0.36 0.36 0.50 0.50
2022	1.78	0.30 0.47 0.30 0.36 0.36
2021	1.14	0.27 0.27 0.30 0.30
2020	1.07	0.26 0.26 0.27 0.27
2019	1.03	0.25 0.25 0.26 0.26
2018	0.92	0.21 0.21 0.25 0.25
2017	0.80	0.19 0.19 0.21 0.21
2016	0.74	0.18 0.18 0.19 0.19

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,304	2,919	2,928	1,852
Receivables	1,601	1,483	1,504	1,963
Inventory	1,622	1,697	1,653	1,754
Other	—	—	—	—
	6,609	6,214	6,216	5,689

	2023	2024	2025	Q'26
Payables	877	851	783	890
ST’ Debt	299	6	497	—
Other	—	—	—	—
	2,790	2,219	2,770	2,319

Compound Annual Growth %

	10y	5y	3y
Sales	9.61%	8.28%	(10.90%)
Cash Flow	(8.07%)	(18.55%)	(48.45%)
Earnings	0.00%	0.00%	0.00%
Book Value	10.07%	7.16%	(3.87%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,652	3,271	—	—	—
’25	2,846	2,953	2,838	2,533	11,170
’24	2,975	3,207	3,117	2,843	12,142
’23	3,356	3,251	3,115	2,826	12,548
’22	4,056	4,483	3,956	3,299	15,794
’21	2,357	2,859	3,055	3,507	11,778
’20	1,932	1,709	1,898	1,965	7,504

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(94)	318	—	—	—
’25	(77)	135	182	225	465
’24	169	237	474	434	1,314
’23	512	555	696	573	2,336
’22	700	913	947	835	3,395
’21	265	617	755	757	2,394
’20	61	448	357	431	1,297

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(303)	111	—	—	—
’25	(325)	(132)	(57)	(16)	(530)
’24	(103)	6	254	149	306
’23	245	315	451	291	1,302
’22	437	683	629	538	2,287
’21	124	488	611	513	1,736
’20	(103)	321	245	309	772

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.31)	2.01	—	—	—
’25	(0.31)	(1.11)	(6.06)	(4.22)	(11.70)
’24	1.34	2.40	0.83	0.06	4.64
’23	3.05	2.31	2.20	(3.86)	3.70
’22	5.83	6.60	3.10	1.79	17.34
’21	1.87	4.04	4.69	4.98	15.58
’20	1.13	0.11	0.45	0.87	2.56

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	39.48	56.35	59.78	55.82	28.99	74.42	81.29	98.05	112.63	56.33	Analyst estimates 2026–2028 Powerpack
	High	61.53	107.51	124.30	81.04	84.90	106.47	141.19	143.61	162.64	119.86
People
People	Employees	8,870	8,800	8,870	9,430	9,220	14,550	15,920	15,520	15,540	14,600
	Revenue/emp, $m	0.57	0.91	0.97	0.86	0.81	0.81	0.99	0.81	0.78	0.77
Income, $m
Income, $m	Revenue	5,076	8,041	8,635	8,118	7,504	11,778	15,794	12,548	12,142	11,170
	Gross margin, %	19.37	21.90	23.01	15.52	13.63	29.67	25.79	17.68	16.12	7.28
	EBT	558	1,081	1,334	570	331	2,677	2,946	700	938	(1,597)
	EBT margin, %	10.99	13.44	15.45	7.02	4.41	22.73	18.65	5.58	7.73	(14.30)
	Net income	420	1,339	1,034	462	373	2,070	2,297	522	647	(1,471)
	Depreciation	378	601	641	713	773	840	1,056	1,572	1,114	1,905
Per share, $
Per share, $	Revenue	39.24	62.29	66.73	63.23	58.69	92.01	123.42	98.18	94.46	87.09
	Earnings	3.07	10.05	7.66	3.26	2.57	15.66	17.46	3.73	4.66	(11.70)
	Cash flow	6.70	11.84	10.89	10.13	10.14	18.70	26.53	18.28	10.22	3.63
	Capex	(4.86)	(4.47)	(5.42)	(6.13)	(4.11)	(5.14)	(8.66)	(8.09)	(7.84)	(7.76)
	Free cash flow	1.84	7.37	5.46	4.00	6.04	13.56	17.87	10.19	2.38	(4.13)
	Book value	30.08	41.59	46.95	49.87	51.45	66.62	81.78	84.22	85.91	72.47
	Shares, m	129	129	129	128	128	128	128	128	129	128
Valuation, ×
Valuation, ×	P/E	18.72	10.85	8.65	21.52	31.88	6.20	5.68	37.53	24.55	0.00
	P/S	1.46	1.75	0.99	1.11	1.39	1.06	0.80	1.43	1.21	0.85
	P/B	1.90	2.62	1.41	1.41	1.59	1.46	1.21	1.67	1.33	1.02
	EV/Sales	2.09	2.04	1.27	1.46	1.70	1.33	0.98	1.56	1.35	1.09
	EV/FCF	44.62	17.23	15.47	23.04	16.56	9.05	6.75	15.05	53.53	(22.90)
Cash, $m
Cash, $m	Operating cash flow	867	1,528	1,409	1,301	1,297	2,394	3,395	2,336	1,314	465
	Capex	(629)	(577)	(702)	(787)	(525)	(658)	(1,108)	(1,034)	(1,008)	(995)
	Free cash flow	238	951	707	514	772	1,736	2,287	1,302	306	(530)
Balance, $m
Balance, $m	Working capital	1,225	1,496	1,659	1,501	2,120	2,919	3,675	3,819	3,995	3,446
	Total debt	3,828	3,837	2,668	3,564	3,662	5,180	4,998	4,906	4,562	5,584
	Net debt	3,208	2,306	1,915	2,836	2,349	3,272	2,770	1,602	1,643	2,656
	Shareholders’ equity	3,892	5,369	6,076	6,403	6,578	8,528	10,465	10,764	11,043	9,295
Returns, %
Returns, %	ROA	4.82	11.29	8.37	3.37	2.43	12.42	11.46	2.29	2.87	(7.37)
	ROIC	5.13	9.98	11.01	4.44	3.00	14.83	14.40	3.68	4.31	(8.25)
	ROE	10.65	28.01	17.32	6.72	5.07	26.55	23.53	4.48	5.49	(14.76)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ALB Albemarle Corporation	$11.6B	199×	14.9×	+31.08% (above 0%: growing)	n/m	+708.43% (above 0%: growing)	33.86%	25.98%	Compare
SSL Sasol Ltd.	$10.1B	3.5×	5.2×	−5.20% (below 0%: shrinking)	+20.86% (above 0%: growing)	+6,912.65% (above 0%: growing)	31.35%	0.00%	Compare
SOLS Solstice Advanced Materials Inc.	$9.5B	27.4×	27.8×	+11.13% (above 0%: growing)	−14.99% (below 0%: shrinking)	+70.83% (above 0%: growing)	32.23%	17.16%	Compare
ESI Element Solutions Inc.	$8.7B	47.4×	33.3×	+56.41% (above 0%: growing)	+60.00% (above 0%: growing)	+29.19% (above 0%: growing)	34.15%	11.63%	Compare
SQM Sociedad Quimica y Minera S.A.	$8.6B	11.3×	12.1×	+138.12% (above 0%: growing)	+381.25% (above 0%: growing)	−63.75% (below 0%: shrinking)	51.05%	48.62%	Compare
NEU NewMarket Corporation	$8.2B	18.8×	— (loss-making)	+6.96% (above 0%: growing)	+22.80% (above 0%: growing)	−6.94% (below 0%: shrinking)	32.45%	21.91%	Compare
WLK Westlake Corporation	$8.1B	— (loss-making)	24.8×	+10.77% (above 0%: growing)	n/m	+184.09% (above 0%: growing)	19.93%	11.13%
EMN Eastman Chemical Company	$7.3B	16.1×	11.5×	+9.88% (above 0%: growing)	+31.15% (above 0%: growing)	+49.40% (above 0%: growing)	22.28%	12.38%	Compare
AXTA Axalta Coating Systems Ltd.	$7.2B	20.5×	13.6×	+3.14% (above 0%: growing)	−16.00% (below 0%: shrinking)	+7.22% (above 0%: growing)	34.55%	12.41%	Compare
Median of peers	$8.7B	19.7×	13.6×	+10.51%	+22.80%	+39.30%	33.16%	14.79%

All 60 Specialty Chemicals stocks →

Westlake Corporation (WLK) key facts

Concern: Westlake Corporation’s revenue for fiscal 2025 (year ended December 2025) was $11.2 billion, down 8.01% from fiscal 2024.
Concern: Westlake Corporation reported a net loss of $1.5 billion, or a loss of $11.70 per share, for fiscal 2025.
Westlake Corporation (WLK) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, WLK traded at $63.33, a market capitalization of $8.1 billion.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.7× sales.
Westlake Corporation pays an annual dividend of $2.12 per share, a yield of 3.37%.
Return on equity was −14.8% and debt-to-equity 0.55.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.65 (distress zone) for fiscal 2025.