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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	93.4%-1.2pp	94.6%-0.7pp	95.3%-0.4pp	95.7%+0.4pp	95.4%+0.2pp
Operating margin	41%-0.7pp	41.7%-4.4pp	46%+0.4pp	45.6%-1.2pp	46.8%-7.9pp
Net margin	30.2%-0.5pp	30.7%-4.7pp	35.4%+0.7pp	34.7%-1.4pp	36%-7.6pp
EBITDA margin	59.3%-0.9pp	60.2%-3.9pp	64.1%+0.2pp	63.9%-1.1pp	65%-7.7pp
Free cash flow margin	33.1%-5.8pp	38.9%-0.5pp	39.4%-0.1pp	39.5%-1.3pp	40.9%+4.7pp
Returns
Return on assets	8.9%+0.5pp	8.4%-2.2pp	10.5%+0.1pp	10.5%-0.1pp	10.6%-1.7pp
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×-0.2×	1.3×-0.1×	1.4×+0.1×	1.3×+0.1×	1.2×+0.1×
Quick ratio	1.1×-0.2×	1.3×-0.1×	1.4×+0.1×	1.3×+0.1×	1.2×+0.1×
Cash ratio	0.5×-0.2×	0.7×+0.4×	0.3×+0.1×	0.2×-0.3×	0.4×-0.2×
Leverage
Debt-to-assets	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Net debt / EBITDA	3.4×-0.1×	3.5×+0.6×	2.8×-0.1×	2.9×0.0×	2.9×+0.2×
Interest coverage	4.1×0.0×	4.1×-0.4×	4.5×+0.1×	4.3×-0.1×	4.5×-0.7×
Valuation
Market capitalization	$16.21B+0.6%	$16.12B+7.6%	$14.98B+3.0%	$14.55B-6.8%	$15.62B+6.8%
Enterprise value	$24.27B+0.5%	$24.14B+10.7%	$21.81B+1.8%	$21.42B-4.8%	$22.51B+3.7%
Price / earnings	13.3×-0.4×	13.6×+2.3×	11.3×-0.1×	11.4×-0.5×	11.9×+2.6×
Price / sales	4×-0.2×	4.2×+0.2×	4×0.0×	4×-0.3×	4.3×+0.2×
EV / EBITDA	10.1×-0.3×	10.4×+1.3×	9.1×0.0×	9.1×-0.4×	9.5×+1.2×
EV / sales	6×-0.3×	6.3×+0.5×	5.8×0.0×	5.8×-0.4×	6.2×+0.2×
Free cash flow yield	8.3%-1.0pp	9.3%-0.6pp	9.8%-0.1pp	10%+0.5pp	9.5%+0.6pp
Earnings yield	7.5%+0.2pp	7.3%-1.5pp	8.8%+0.1pp	8.7%+0.4pp	8.4%-2.4pp
Dividend yield	9.1%+0.2pp	8.9%-0.4pp	9.3%-0.2pp	9.5%+0.7pp	8.7%+0.2pp

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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.