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Net margin at other companies

Morgan Stanley logo
Morgan StanleyMS
34%+3.0pp
CDW logo
CDWCDW
21.6%-0.3pp
Northern Trust logo
Northern TrustNTRS
$109.88M+42.7%
Robinhood Markets, Inc. logo
Robinhood Markets, Inc.HOOD
$193M+75.5%
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
$197.9M+2,405%
Natera, Inc. logo
Natera, Inc.NTRA
0.8%

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
FCF margin33.1%-7.8pp

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 net margin?
Western Midstream Partners (WES) reported net margin of 30.2% in Q1 2026.
How has Western Midstream Partners's net margin changed year-over-year?
Western Midstream Partners's net margin decreased by 16.2% year-over-year, from 36% to 30.2%.
What is the long-term trend for Western Midstream Partners's net margin?
Over 4 years (2021 to 2025), Western Midstream Partners's net margin has grown at a 0.2% compound annual growth rate (CAGR), from 135.6% to 136.8%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.