WLKNYSEIndustrial Organic ChemicalsFiscal year ends December 31
WESTLAKE CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$62.29−1.04 (-1.64%)
Close on Oct 19, 2026
- Market cap
- $8.00B
- P/E (TTM)
- –
- Dividend yield
- 3.39%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
7.3%−6.4 pts over 5 years
Operating margin
-14.1%−19.8 pts over 5 years
Net margin
-13.5%−17.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -8.0% | -10.9% | +8.3% | +9.6% | |
| Gross profit | -58.5% | -41.6% | -4.5% | -3.7% | |
| Dividend per share | +2.9% | +17.3% | +14.7% | +11.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.8% | 5.5% | -15.6% | |
| Return on assets | 4.8% | 2.4% | -7.4% | |
| Current ratio | 2.04 | 2.56 | 2.24 | |
| Debt to equity | 1.09 | 0.59 | 0.64 | |
| Net debt to EBITDA | 3.31× | 1.85× | -7.15× | |
| Interest coverage | 7.4× | 3.0× | -9.2× | |
| Inventory turnover | 6.6× | 7.0× | 6.2× | |
| Capex to revenue | 12.4% | 7.0% | 8.9% | |
| Diluted shares | 130M | 128M | 128M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Westlake generated $9.90B from operations and spent $6.15B on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
$9.90B
Used
$6.15B
Capital expenditure$4.80B78%Dividends$1.07B17%Share buybacks$277.00M5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-13.5%
×Asset turnover0.55×
×Equity multiplier2.11×
=Return on equity, FY2025-15.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -13.5% | 0.55× | 2.11× | -15.6% |
| FY2024 | 5.0% | 0.58× | 2.01× | 5.8% |
| FY2023 | 3.8% | 0.60× | 2.06× | 4.7% |
| FY2022 | 14.2% | 0.81× | 2.18× | 25.1% |
| FY2021 | 17.1% | 0.73× | 2.31× | 28.8% |
| FY2020 | 4.4% | 0.55× | 2.28× | 5.5% |
| FY2019 | 5.2% | 0.65× | 2.17× | 7.4% |
| FY2018 | 11.5% | 0.73× | 2.26× | 19.0% |
| FY2017 | 16.2% | 0.70× | 2.73× | 31.1% |
| FY2016 | 7.9% | 0.62× | 2.42× | 11.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$1.51B
- Cash generatingOperating cash flow above zero$465.00M
- Return on assets improvedROA up on the prior year2.9% → -7.3%
- Earnings backed by cashOperating cash flow above net income$465.00M vs -$1.51B
- Less leverageLong-term debt to assets fell22.0% → 25.5%
- Better liquidityCurrent ratio rose2.80 → 2.24
- No dilutionShare count did not rise129M → 128M
- Gross margin improvedGross margin up on the prior year16.12% → 7.28%
- More efficientAsset turnover rose0.58 → 0.54