Westlake Corporation

WLK Basic Materials Specialty Chemicals

Westlake Corporation’s revenue for fiscal 2025 (year ended December 2025) was $11.2 billion, down 8.01% from fiscal 2024.

Revenue
+5.04%
EPS
+102.3%
Free cash flow
+486.0%
Total debt
+8.76%

Quarter to September 2026, against a year earlier

66.38 1.52 −2.24%
Market cap
$8.5B
P/E
0.0×
Fwd P/E
36.7×
Dividend yield
3.20%
F-score
3/9
Altman Z
1.65
Beneish M
−2.44
Dividend safety
8/100

Westlake Corporation (WLK) Gross margin

Alert me on Gross margin

Westlake Corporation's gross margin over the twelve months to 30 September 2026 was 10.8%, up 3.5 percentage points from fiscal 2025 (7.28%). Over the past ten years it has ranged from 7.28% (fiscal 2025) to 29.7% (fiscal 2021) — the current reading is the lowest in ten years. That is below the Specialty Chemicals industry median of 27.8% and below the Basic Materials sector median of 25.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 7.28% (8.84)
FY2024 16.1% (1.56)
FY2023 17.7% (8.11)
FY2022 25.8% (3.88)
FY2021 29.7% 16.04
FY2020 13.6% (1.89)
FY2019 15.5% (7.49)
FY2018 23.0% 1.11
FY2017 21.9% 2.53
FY2016 19.4% (7.18)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 12.8% (7.12)
Jun 2026 19.9% 15.71
Mar 2026 4.22% 0.79
Dec 2025 3.43% (4.89)
43 more quarters

Against its own ten years

Low 7.28% High 29.7%
Ten-year median 19.4%
Current reading's percentile 12

Gross margin against peers

Company Gross margin
SQM Sociedad Quimica y Minera S.A. compare 37.5%
ESI Element Solutions Inc. compare 36.6%
AXTA Axalta Coating Systems Ltd. compare 33.6%
SSL Sasol Ltd. compare 33.5%
NEU NewMarket Corporation compare 31.7%
SOLS Solstice Advanced Materials Inc. compare 30.9%
ALB Albemarle Corporation compare 25.8%
EMN Eastman Chemical Company compare 20.6%
WLK Westlake Corporation 10.8%
Specialty Chemicals industry median 27.8%
Basic Materials sector median 25.0%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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