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Westlake WLK Acquisitions

Acquisitions at other companies

Olin logo
OlinOLN
-$111.6M
Eastman Chemical logo
Eastman ChemicalEMN
$0
Perimeter Solutions logo
Perimeter SolutionsPRM
$682.29M+6,723%
RPM International logo
RPM InternationalRPM
$40.85M-91.3%
Cabot Corporation logo
Cabot CorporationCBT
$6.75M
Innospec logo
InnospecIOSP
$2M+3,900%

Other financials

Income statement

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Revenue$3.3B+10.8%
Gross profit$652.0M+153%
Operating income$364.0M+434%
Net income$260.0M+283%
EPS (diluted)$2.01+281%

Balance sheet

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Cash & equivalents$1.7B-21.0%
Total debt$5.9B+6.4%
Total equity$8.7B-15.3%
Total assets$19.4B-6.6%

Cash flow

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Operating cash flow$318.0M+136%
CapEx$207.0M-22.5%
Free cash flow-$303.0M+6.8%

Valuation

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Market cap$10.09B-3.0%
Enterprise value$14.3B+3.5%
P/S0.9×0.0×

Profitability

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Gross margin9.6%-1.6pp
Operating margin-11%-11.9pp
Net margin-10.9%-11.6pp
FCF margin-4.6%-5.3pp

Returns & leverage

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Return on equity-13%-13.7pp
Debt / equity0.7×+0.1×
Current ratio2.5×0.0×

Where this comes from

Reported directly by Westlake in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Westlake’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 2:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001262823-26-000032
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Other, net(74)(249)
Net cash provided by operating activities22458
Cash flows from investing activities
Acquisitions of businesses, net of cash acquired(171)
Additions to investments in unconsolidated subsidiaries(1)(22)
Additions to property, plant and equipment(416)(515)
Proceeds from maturities and paydown of available-for-sale securities63
Purchase of available-for-sale securities(69)(192)

Item 1. Financial Statements

FAQ

What is Westlake's acquisitions?
Westlake (WLK) reported acquisitions of $109M in Q2 2026.
What is the long-term trend for Westlake's acquisitions?
Over 3 years (2021 to 2024), Westlake's acquisitions has grown at a -100.0% compound annual growth rate (CAGR), from $2.55B to $0.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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