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Western Midstream Partners WES Free cash flow margin

Free cash flow margin at other companies

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CDWCDW
6.9%+2.2pp
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Tenet HealthcareTHC
-$7.3M+44.4%
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$2.4B+1,504%
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CF IndustriesCF
-$433M+66.6%
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$8M+100%
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CF IndustriesCF
$2.79B+1,177%

Other financials

Income statement

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Revenue$1.1B+22.5%
Gross profit$1.0B+16.6%
Operating income$469.2M+14.5%
Net income$350.3M+13.4%
EPS (diluted)$0.85+7.6%

Balance sheet

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Cash & equivalents$647.5M+44.4%
Total debt$8.7B+18.7%
Total assets$14.9B+19.8%

Cash flow

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Operating cash flow$469.9M-11.5%
CapEx$235.7M+65.5%
Free cash flow$234.2M-39.7%

Valuation

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Market cap$17.75B+3.8%
Enterprise value$25.81B+7.8%
P/E14.5×+1.5×
P/S4.4×-0.3×

Profitability

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Gross margin93.4%-2.0pp
Operating margin41%-5.8pp
Net margin30.2%-5.9pp

Returns & leverage

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Current ratio1.1×-0.1×

Where this comes from

Calculated from Western Midstream Partners’s reported figures.

Based on trailing twelve months.

The official record: Western Midstream Partners’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Midstream Partners's free cash flow margin?
Western Midstream Partners (WES) reported free cash flow margin of 33.1% in Q1 2026.
How has Western Midstream Partners's free cash flow margin changed year-over-year?
Western Midstream Partners's free cash flow margin decreased by 19.0% year-over-year, from 40.9% to 33.1%.
What is the long-term trend for Western Midstream Partners's free cash flow margin?
Over 4 years (2021 to 2025), Western Midstream Partners's free cash flow margin has grown at a -4.8% compound annual growth rate (CAGR), from 192.9% to 158.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.