Westlake Corp (WLK) Financial Statements
Industry: Industrial Organic Chemicals
In fiscal 2025, Westlake reported revenue of $11.17B, down 8.0% from $12.14B the year before. Net income was -$1.51B (a -13.5% net margin), or -$11.70 per diluted share. Gross margin was 7.3% and operating margin was -14.1%. Operating activities generated $465.0M of cash, leaving -$530.0M of free cash flow. At fiscal year end, Westlake held $19.96B in total assets against $10.67B in total liabilities, including $2.72B of cash and equivalents.
Open the full interactive Westlake financials → Quarterly statements, key ratios, valuation history and price charts.
Westlake Key Stats
| Share Price | $61.86 |
|---|---|
| Market Cap | $7.95B |
| Revenue YoY Growth | -8.0% |
| 52-Week Range | $54.89 – $121.80 |
| Shares Outstanding | 128.0 million (basic, 2026 Q2) |
Westlake Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.50B | $11.78B | $15.79B | $12.55B | $12.14B | $11.17B |
| Cost of Goods Sold | $6.48B | $8.28B | $11.72B | $10.33B | $10.19B | $10.36B |
| Gross Profit | $1.02B | $3.50B | $4.07B | $2.22B | $1.96B | $813.0M |
| Operating Income | $429.0M | $2.80B | $3.05B | $729.0M | $875.0M | -$1.58B |
| Pre-Tax Income | $331.0M | $2.68B | $2.95B | $700.0M | $938.0M | -$1.60B |
| Income Tax | -$42.0M | $607.0M | $649.0M | $178.0M | $291.0M | -$126.0M |
| Net Income | $330.0M | $2.02B | $2.25B | $479.0M | $602.0M | -$1.51B |
| Diluted EPS | $2.56 | $15.58 | $17.34 | $3.70 | $4.64 | -$11.70 |
Westlake Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.84B | $2.53B | $2.65B | $3.27B |
| Net Income | -$782.0M | -$544.0M | -$169.0M | $260.0M |
| Diluted EPS | -$6.06 | -$4.24 | -$1.31 | $2.01 |
Westlake Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.31B | $1.91B | $2.23B | $3.30B | $2.92B | $2.72B |
| Current Assets | $3.48B | $5.26B | $5.97B | $6.61B | $6.21B | $6.22B |
| Total Assets | $13.84B | $18.46B | $20.55B | $21.04B | $20.75B | $19.96B |
| Current Liabilities | $1.36B | $2.34B | $2.30B | $2.79B | $2.22B | $2.77B |
| Total Long-Term Debt | $3.57B | $5.18B | $4.88B | $4.91B | $4.56B | $5.58B |
| Total Liabilities | $7.26B | $9.93B | $10.09B | $10.27B | $9.71B | $10.67B |
| Shareholders' Equity | $6.04B | $7.96B | $9.93B | $10.24B | $10.53B | $8.79B |
Westlake Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.30B | $2.39B | $3.40B | $2.34B | $1.31B | $465.0M |
| Cash From Investing | -$509.0M | -$3.21B | -$2.48B | -$1.04B | -$1.00B | -$1.22B |
| Cash From Financing | -$216.0M | $1.44B | -$587.0M | -$245.0M | -$650.0M | $530.0M |
| Free Cash Flow | $772.0M | $1.74B | $2.29B | $1.30B | $306.0M | -$530.0M |
Figures from Westlake's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Westlake financials page for every line item.
Westlake Company Profile
| Ticker | WLK |
|---|---|
| Exchange | NYSE |
| Industry | Industrial Organic Chemicals |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001262823 |
Frequently Asked Questions
What was Westlake's revenue in fiscal 2025?
Westlake (WLK) reported revenue of $11.17B for fiscal 2025.
What is Westlake's annual revenue history?
Westlake's annual revenue by fiscal year: 2020: $7.50B; 2021: $11.78B; 2022: $15.79B; 2023: $12.55B; 2024: $12.14B; 2025: $11.17B.
What was Westlake's net income in fiscal 2025?
Westlake reported net income of -$1.51B for fiscal 2025.
What was Westlake's earnings per share (EPS) in fiscal 2025?
Westlake's diluted EPS was -$11.70 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Westlake generate in fiscal 2025?
Westlake generated -$530.0M of free cash flow in fiscal 2025.
What was Westlake's revenue last quarter?
In its most recent reported quarter (2026 Q2), Westlake reported revenue of $3.27B.
How much debt does Westlake have?
Westlake reported $5.58B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Westlake are outstanding?
Westlake reported a weighted average of 128.0 million basic shares outstanding in 2026 Q2.
What is Westlake's market cap?
Based on its latest closing price, Westlake (WLK) has a market capitalization of about $7.95B.
When does Westlake's fiscal year end?
Westlake's fiscal year end, as registered with the SEC, is December 31.
Where is Westlake headquartered?
Westlake lists its business address in Houston, Texas in its SEC filings.