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Westlake WLK Debt-to-equity

Debt-to-equity at other companies

Exxon Mobil logo
Exxon MobilXOM
0.2×0.0×
LyondellBasell Industries N.V. logo
LyondellBasell Industries N.V.LYB
1.3×+0.3×
Dow logo
DowDOW
1.2×+1.1×
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
0.2×-0.1×
RPM International logo
RPM InternationalRPM
0.9×0.0×
Element Solutions logo
Element SolutionsESI
0.8×+0.2×

Other financials

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

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Market cap$10.29B+16.3%
Enterprise value$14.38B+19.0%
P/S0.9×+0.2×

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
Current ratio2.2×-0.5×

Where this comes from

Calculated from Westlake’s reported figures.

Based on the most recent quarter.

The official record: Westlake’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Westlake's debt-to-equity?
Westlake (WLK) reported debt-to-equity of 0.7× in Q1 2026.
How has Westlake's debt-to-equity changed year-over-year?
Westlake's debt-to-equity increased by 42.4% year-over-year, from 0.5× to 0.7×.
What is the long-term trend for Westlake's debt-to-equity?
Over 5 years (2020 to 2025), Westlake's debt-to-equity has grown at a 1.8% compound annual growth rate (CAGR), from 0.7× to 0.7×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.