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Westlake

WLK

Westlake Corporation is a vertically integrated global manufacturer of housing and infrastructure products and performance and essential materials.

Market cap
$9.27B-9.3%
Revenue$11.0B-8.6%
Net income-$1.6B-522%
Free cash flow-$508.0M-705%
EPS (diluted)-$12.70-526%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$3.2B
EPS estimate$1.83

Financials

Q1 2026

Income statement

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Revenue$2.7B-6.8%
Gross profit$112.0M-51.7%
Operating income-$172.0M-438%
Net income-$169.0M-323%
EPS (diluted)-$1.31-323%

Balance sheet

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Cash & equivalents$2.3B-1.1%
Total debt$6.4B+16.9%
Total equity$8.5B-17.9%
Total assets$19.7B-4.8%

Cash flow

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Operating cash flow-$94.0M-22.1%
CapEx$209.0M-15.7%
Free cash flow-$303.0M+6.8%

Valuation & ratios

Valuation

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Market cap$9.27B-9.3%
Enterprise value$13.36B-7.4%
P/S0.8×-0.1×

Profitability

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Gross margin6.3%-8.0pp
Operating margin-15.7%-20.8pp
Net margin-14.9%-18.1pp
FCF margin-4.6%-5.3pp

Returns & leverage

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Return on equity-17.3%-21.0pp
Debt / equity0.7×+0.2×
Current ratio2.2×-0.5×

Segments

By product

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Performance Materials$1.0B-5.0%
Housing Products$788.0M-6.0%
Essential Materials$656.0M-17.4%
Infrastructure Products$205.0M+29.7%

By segment

See full
Performance and Essential Materials Segment$1.7B-10.3%
Housing and Infrastructure Products Segment$993.0M-0.3%

Competitors

Profile

Westlake Corporation is a vertically integrated global manufacturer of housing and infrastructure products and performance and essential materials. The company leverages a highly integrated materials chain, converting feedstocks like ethylene and chlor-alkali into downstream products such as vinyls, polyethylene, and building materials. Its value proposition centers on operational excellence and cost advantages derived from significant internal sourcing of raw materials.

Competitive position

A leading global producer of chlor-alkali and PVC with a highly integrated low-cost production model.

GeographiesNorth America, Europe, Asia
Customer segmentsConstruction, Infrastructure, Consumer Packaging, Healthcare, Automotive
Business modelVertical integration, Manufacturing, B2B, Licensing
SuppliersEthane, Natural gas liquids, Salt brine, Electricity, Butene and hexene
CustomersResidential construction firms, Municipal water authorities, Food and beverage packagers, Automotive OEMs, Wind turbine manufacturers
Listed2004
Employees15.5K
CEOJean-Marc Gilson
FilingsSEC EDGAR

Questions, answered.

What is Westlake's market cap?
Westlake (WLK) has a market capitalization of $9.3B and trades on NYSE.
What is Westlake's revenue and profitability?
Westlake generated $11.0B in trailing twelve-month revenue with a net loss of $1.6B, representing a net margin of -14.9%. Gross margin stands at 6.3%, with free cash flow of -$508.0M. These figures are based on the Q1 2026 filing.
Who are Westlake's competitors?
Westlake's key competitors include Olin Corporation, Dow Inc., James Hardie, and others. These companies compete in similar markets and product categories.
Who does Westlake partner with?
Westlake's notable partners include LACC, LLC.
What subsidiaries does Westlake have?
Westlake's subsidiaries include Westlake Chemical Partners LP, Westlake Chemical OpCo LP, Westlake Epoxy, and others.
Where is Westlake headquartered?
Westlake is headquartered in United States of America and employs approximately 15,520 people. It has been publicly traded since 2004.