Financials · WLK

Westlake Corporation (WLK) financials

For the twelve months ended Sep 30, 2026, Westlake Corporation reported $11.44B of revenue and -$424.00M of net income.

Revenue, TTM
$11.44B
Revenue growth, YoY
-0.4%
Net income, TTM
-$424.00M
Net margin
-3.7%
Free cash flow, TTM
$12.00M
EPS, diluted, TTM
-$3.47
Cash
$1.76B
Total debt
$5.06B
P/S
0.71
Market cap
$8.12B
Annual revenue$11.17B
FY2016FY2025
Annual net income-$1.51B
FY2016FY2025
Annual free cash flow-$530.00M
FY2016FY2025

WLK revenue and earnings growth

WLK revenueQ3 2026$2.98B

Quarter YoY
+5.0%
QoQ
-8.9%
FY YoY
-8.0%
5Y CAGR
+8.3%
10Y CAGR
+9.6%

WLK revenue was $2.98B in fiscal Q3 2026 (ended Sep 30, 2026), up 5.0% from a year earlier and down 8.9% from the prior quarter. For the full fiscal 2025 it was $11.17B, down 8.0% from fiscal 2024. Compound annual growth was +8.3% over 5 years and +9.6% over 10 years. It rose in 5 of the last 10 fiscal years.

WLK net incomeQ3 2026$6.00M

QoQ
-97.8%

WLK net income was $6.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$782.00M a year earlier and down 97.8% from the prior quarter. For the full fiscal 2025 it was -$1.51B, compared with $602.00M in fiscal 2024.

WLK EPSQ3 2026$0.05

QoQ
-97.5%

WLK diluted EPS was $0.05 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$6.06 a year earlier and down 97.5% from the prior quarter. For the full fiscal 2025 it was -$11.70, compared with $4.64 in fiscal 2024.

WLK free cash flowQ3 2026$220.00M

QoQ
+98.2%

WLK free cash flow was $220.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$57.00M a year earlier and up 98.2% from the prior quarter. For the full fiscal 2025 it was -$530.00M, compared with $306.00M in fiscal 2024.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$11.17B$12.14B$12.55B$15.79B$11.78B$7.50B$8.12B$8.63B$8.04B$5.08B
Cost of revenue$10.36B$10.19B$10.33B$11.72B$8.28B$6.48B$6.86B$6.65B$6.28B$4.09B
Gross profit$813.00M$1.96B$2.22B$4.07B$3.50B$1.02B$1.26B$1.99B$1.76B$983.00M
Selling, general and admin$900.00M$874.00M$865.00M$835.00M$551.00M$449.00M$458.00M$445.00M$399.00M$258.00M
Operating income-$1.58B$875.00M$729.00M$3.05B$2.80B$429.00M$656.00M$1.41B$1.23B$583.00M
Interest expense$171.00M$159.00M$165.00M$177.00M$176.00M$142.00M$124.00M$126.00M$159.00M$79.00M
Pre-tax income-$1.60B$938.00M$700.00M$2.95B$2.68B$331.00M$570.00M$1.33B$1.08B$558.00M
Income tax-$126.00M$291.00M$178.00M$649.00M$607.00M-$42.00M$108.00M$300.00M-$258.00M$138.00M
Net income-$1.51B$602.00M$479.00M$2.25B$2.02B$330.00M$421.00M$996.00M$1.30B$399.00M
EPS, basic-$11.70$4.66$3.73$17.46$15.66$2.57$3.26$7.66$10.05$3.07
EPS, diluted-$11.70$4.64$3.70$17.34$15.58$2.56$3.25$7.62$10.00$3.06
Diluted shares128.3M129.2M128.6M128.8M128.7M128.1M128.8M130.0M129.5M130.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$2.72B$2.94B$3.32B$2.25B$1.94B$1.34B$750.00M$775.00M$1.55B$646.00M
Short-term investments---------$0
Receivables$1.23B$1.31B$1.39B$1.65B$1.74B$1.08B$938.00M$952.00M$961.00M$810.00M
Inventory$1.65B$1.70B$1.62B$1.87B$1.41B$918.00M$936.00M$1.01B$900.00M$801.00M
Current assets$6.22B$6.21B$6.61B$5.97B$5.26B$3.48B$2.74B$2.84B$3.46B$2.41B
Goodwill$1.31B$2.03B$2.04B$2.16B$2.02B$1.08B$1.07B$1.00B$1.01B$947.00M
Total assets$19.96B$20.75B$21.04B$20.55B$18.46B$13.84B$13.26B$11.60B$12.08B$10.89B
Current liabilities$2.77B$2.22B$2.79B$2.30B$2.34B$1.36B$1.24B$1.18B$1.97B$1.18B
Short-term debt$497.00M$6.00M$299.00M$0$269.00M$0-$0$710.00M$0
Long-term debt$5.09B$4.56B$4.61B$4.88B$4.91B$3.57B$3.44B$2.67B$3.13B$3.68B
Total debt$5.58B$4.56B$4.91B$4.88B$5.18B$3.57B$3.44B$2.67B$3.84B$3.68B
Total liabilities$10.67B$9.71B$10.27B$10.09B$9.93B$7.26B$6.86B$5.53B$6.71B$7.00B
Shareholders' equity$8.79B$11.04B$10.76B$10.46B$8.53B$6.58B$6.40B$6.08B$5.37B$3.89B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$465.00M$1.31B$2.34B$3.40B$2.39B$1.30B$1.30B$1.41B$1.53B$867.00M
Capital expenditures$995.00M$1.01B$1.03B$1.11B$658.00M$525.00M$787.00M$702.00M$577.00M$629.00M
Free cash flow-$530.00M$306.00M$1.30B$2.29B$1.74B$772.00M$514.00M$707.00M$951.00M$238.00M
Investing cash flow-$1.22B-$1.00B-$1.04B-$2.48B-$3.21B-$509.00M-$1.95B-$754.00M-$652.00M-$2.56B
Financing cash flow$530.00M-$650.00M-$245.00M-$587.00M$1.44B-$216.00M$630.00M-$1.43B$6.00M$1.69B
Dividends paid$272.00M$264.00M$221.00M$169.00M$145.00M$137.00M$132.00M$120.00M$103.00M$97.00M
Share repurchases$63.00M$60.00M$23.00M$101.00M$30.00M$54.00M$30.00M$106.00M$0$67.00M
Stock-based compensation$41.00M$41.00M$43.00M$36.00M$31.00M$29.00M$25.00M$22.00M$23.00M$14.00M
Depreciation and amortization$1.18B$1.11B$1.10B$1.06B$840.00M$773.00M$713.00M$641.00M$601.00M$378.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-8.0%-3.2%-20.6%34.1%57.0%-7.6%-6.0%7.4%58.4%13.7%
Net income growth, YoY-25.7%-78.7%11.5%510.6%-21.6%-57.7%-23.6%226.8%-38.2%
EPS growth, YoY-25.4%-78.7%11.3%508.6%-21.2%-57.3%-23.8%226.8%-37.0%
Gross margin7.3%16.1%17.7%25.8%29.7%13.6%15.5%23.0%21.9%19.4%
Operating margin-14.1%7.2%5.8%19.3%23.8%5.7%8.1%16.3%15.2%11.5%
Net margin-13.5%5.0%3.8%14.2%17.1%4.4%5.2%11.5%16.2%7.9%
Free cash flow margin-4.7%2.5%10.4%14.5%14.7%10.3%6.3%8.2%11.8%4.7%
Return on equity-17.2%5.5%4.5%21.5%23.6%5.0%6.6%16.4%24.3%10.3%
Return on assets-7.6%2.9%2.3%10.9%10.9%2.4%3.2%8.6%10.8%3.7%
Current ratio2.242.802.372.602.252.562.212.401.762.04
Debt to equity0.640.410.460.470.610.540.540.440.710.95

Source: XBRL data Westlake Corporation files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported May 6, 2014.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WLK peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WLK$11.44B-0.4%-$424.00M-3.7%$8.12B
LIN$36.24B+8.2%$7.01B19.3%$236.54B
APD$12.60B+4.5%-$47.30M-0.4%$67.88B
DOW$42.61B+4.2%-$897.00M-2.1%$22.73B
IFF$11.69B+24.3%$182.00M1.6%$20.69B
LYB$31.96B+3.5%$1.30B4.1%$19.63B
DD$7.06B+3.2%$301.00M4.3%$19.42B
ALB$6.15B+24.4%$681.63M11.1%$11.71B
SOLS$4.17B+9.4%$325.00M7.8%$9.12B

WLK FAQ

9 questions
  • What is WLK revenue?
    Westlake Corporation (WLK) reported $11.44B of revenue for the twelve months ended Sep 30, 2026. That is down 0.4% from the year before. Revenue for fiscal 2025 was $11.17B.
  • Is WLK profitable?
    No. Westlake Corporation reported a net loss of $424.00M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does WLK have?
    Westlake Corporation reported $1.76B in cash and cash equivalents and $5.06B of debt on its most recent balance sheet in SEC filings.
  • How fast is WLK revenue growing?
    Westlake Corporation's revenue changed -8.0% in fiscal 2025, to $11.17B. Its compound annual growth rate was +8.3% over 5 years and +9.6% over 10 years.
  • What is WLK gross margin?
    Westlake Corporation's gross profit was $1.23B on $11.44B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 10.8%.
  • What is WLK free cash flow?
    Westlake Corporation generated $12.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $844.00M less capital expenditures.
  • What is WLK earnings per share?
    Diluted earnings per share were -$3.47 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did WLK last report financial results?
    The latest statements here come from Westlake Corporation's 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this WLK financial data come from?
    Quantisnow builds these statements from the structured XBRL data Westlake Corporation files with the SEC. It is provided for information only and is not investment advice.