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Westlake WLK Gross margin

Gross margin at other companies

LyondellBasell Industries N.V. logo
LyondellBasell Industries N.V.LYB
9.2%-3.3pp
Dow logo
DowDOW
6.4%-3.0pp
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
35%+1.4pp
RPM International logo
RPM InternationalRPM
41.4%+0.3pp
Element Solutions logo
Element SolutionsESI
40.8%-1.2pp
MP Materials logo
MP MaterialsMP
14.2%+9.5pp

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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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×

Where this comes from

Calculated from Westlake’s reported figures.

Based on trailing twelve months.

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 gross margin?
Westlake (WLK) reported gross margin of 6.3% in Q1 2026.
How has Westlake's gross margin changed year-over-year?
Westlake's gross margin decreased by 56.0% year-over-year, from 14.3% to 6.3%.
What is the long-term trend for Westlake's gross margin?
Over 5 years (2020 to 2025), Westlake's gross margin has grown at a -11.8% compound annual growth rate (CAGR), from 13.6% to 7.3%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.