What are Western Midstream Partners's profit margins?

Western Midstream Partners (WES) runs a 93.4% gross margin and a 41.0% operating margin, with a 30.2% net margin.

Where do Western Midstream Partners's ratios come from?

Every ratio is computed from Western Midstream Partners's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Western Midstream Partners WES Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	93.4%-2.0pp	94.6%-0.6pp	95.3%+0.2pp	95.7%+0.7pp	95.4%+0.3pp
Operating margin	41%-5.8pp	41.7%-13.0pp	46%-8.8pp	45.6%-9.8pp	46.8%-7.4pp
Net margin	30.2%-5.9pp	30.7%-12.9pp	35.4%-7.8pp	34.7%-9.6pp	36%-6.6pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Liquidity
Current ratio	1.1×-0.1×	1.3×+0.2×	1.4×+0.3×	1.3×-0.4×	1.2×-0.3×
Leverage
Net debt / EBITDA	3.4×+0.4×	3.5×+0.8×	2.8×+0.2×	2.9×+0.2×	2.9×-0.1×
Valuation
Market capitalization	$16.21B+3.8%	$16.12B+10.2%	$14.98B+2.9%	$14.55B-3.6%	$15.62B+15.8%
Price / earnings	13.3×+1.3×	13.6×+4.4×	11.3×+1.8×	11.4×+1.5×	11.9×+2.2×
Price / sales	4×-0.3×	4.2×+0.1×	4×-0.1×	4×-0.4×	4.3×+0.2×
EV / EBITDA	10.1×+0.6×	10.4×+2.2×	9.1×+0.8×	9.1×+0.5×	9.5×+0.9×
Dividend yield	9.1%+0.3pp	8.9%+0.4pp	9.3%+1.5pp	9.5%+2.8pp	8.7%+1.3pp

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Questions, answered.

What are Western Midstream Partners's profit margins?: Western Midstream Partners (WES) runs a 93.4% gross margin and a 41.0% operating margin, with a 30.2% net margin.
Where do Western Midstream Partners's ratios come from?: Every ratio is computed from Western Midstream Partners's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.