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
EBITDA margin	59.3%-5.7pp	60.2%-12.5pp	64.1%-9.2pp	63.9%-10.0pp	65%-8.0pp
Free cash flow margin	33.1%-7.8pp	38.9%+2.7pp	39.4%+3.7pp	39.5%+7.6pp	40.9%+10.1pp
Returns
Return on assets	8.9%-1.7pp	8.4%-3.9pp	10.5%-1.9pp	10.5%-2.5pp	10.6%-1.3pp
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×
Quick ratio	1.1×-0.1×	1.3×+0.2×	1.4×+0.3×	1.3×-0.4×	1.2×-0.3×
Cash ratio	0.5×0.0×	0.7×0.0×	0.3×-0.4×	0.2×-0.4×	0.4×0.0×
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×+0.4×	3.5×+0.8×	2.8×+0.2×	2.9×+0.2×	2.9×-0.1×
Interest coverage	4.1×-0.4×	4.1×-1.1×	4.5×-0.7×	4.3×-0.9×	4.5×-0.4×
Valuation
Market capitalization	$16.21B+3.8%	$16.12B+10.2%	$14.98B+2.9%	$14.55B-3.6%	$15.62B+15.8%
Enterprise value	$24.27B+7.8%	$24.14B+11.2%	$21.81B+2.0%	$21.42B-2.2%	$22.51B+9.4%
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×
EV / sales	6×-0.2×	6.3×+0.3×	5.8×-0.2×	5.8×-0.6×	6.2×-0.1×
Free cash flow yield	8.3%-1.2pp	9.3%+0.4pp	9.8%+1.2pp	10%+2.7pp	9.5%+2.1pp
Earnings yield	7.5%-0.8pp	7.3%-3.4pp	8.8%-1.7pp	8.7%-1.3pp	8.4%-1.9pp
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.